Nov 6, 2017

How Virginia's gubernatorial vote could resonate nationwide

Ralph Northam and Ed Gillespie shake hands prior to a debate in September: Photo: Bonnie Jo Mount / The Washington Post via AP

The N.Y. Times' Jonathan Martin, a Virginia resident and expert on Old Dominion politics, has your talking points for tomorrow's gubernatorial election:

  • "Should [Republican Ed] Gillespie win or narrowly fall short, he will have handed 2018 candidates in competitive races a playbook for Trump-era campaigns: deploy the president's politics but avoid Mr. Trump himself."
  • "What ultimately may save [Democrat Ralph] Northam ... Virginia Democrats, especially in the Washington suburbs, view this election as an exercise in cathartic revenge against Mr. Trump."

The state of play: Per the Real Clear Politics polling average, Northam by 2.

Go deeper

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all stock deal, the Wall Street Journal reports, with plans to restructure the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.

Go deeper: Six of the biggest U.S. banks have weaknesses in their crisis plans

The new not-normal: The Trump state

Photo Illustration: Eniola Odetunde/Axios. Photos: Chris Graythen/Getty Images

Donald Trump changed how to run for president. Next, he changed the Republican Party. Now, he’s changing the presidency and the boundaries of executive power. 

In the past week, Trump has purged internal dissenters, imported loyalists, pardoned political and financial criminals and continued a running commentary on live Justice Department criminal cases — despite an unprecedented public brushback from his attorney general.

Bloomberg's rough debut

Photo: John Locher/AP

Mike Bloomberg was booed during his debut debate as a Democratic presidential candidate — indicative of a rusty outing where the former New York mayor looked unprepared to respond to obvious lines of attack.

Why it matters ... The debate underscored the Bloomberg’s campaign biggest fear: It's hard to hide to his prickly demeanor. Bloomberg had all the time, practice and forewarning money could buy — and still struggled mightily on the public stage.