Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Macron greets Israeli Prime Minister Benjamin Netanyahu in Paris in June. Photo: Antoine Gyori/Corbis via Getty Images

Israeli government officials believe French President Emmanuel Macron will propose his own Middle East peace initiative if President Trump doesn't release his plan in the first few weeks after the November midterm election.

Why it matters: Israeli Foreign Ministry Political Director Alon Ushpiz made that prediction during a closed-door, classified hearing of the Knesset Foreign Affairs and Defense Committee, 2 Knesset members who attended the hearing told me. Trump said a few weeks ago he would release the plan in 2–4 months — meaning between the end of the midterms and the end of 2018.

The backstory: In the last year, the White House had several tentative dates for releasing the plan, but until now Trump's peace team — led by Jared Kushner — had decided the timing was still not right.

  • Israeli officials and French diplomats told me that in late August, Macron instructed the Foreign Ministry in Paris to start thinking about ideas for a new diplomatic initiative on the Israeli-Palestinian issue. Macron told his aides he doesn't want to let the issue disappear from the international agenda.

Ushpiz also warned that there could be big changes ahead for Israel in the U.S. midterm elections if the Democrats win the House.

  • According to the Knesset members who attended the hearing, Ushpiz hinted that a Democratic victory is possible, which would change the political realities in Washington for Israel: "Things are not going to be like they used to. There will be consequences for Israel. The reality we knew since Trump assumed office is not going to continue after the midterms, and we need to prepare for that."
  • Ushpiz also said Israel is losing support in more and more Jewish communities in the U.S. and among progressives and the LGBTQ community. He added: "We have the evangelicals, but with all the rest we are not in good shape."

Israeli Foreign Ministry spokesman Emmanuel Nahshon told me: "Some of the details in this story are not accurate, but we can't elaborate on classified briefings."

Go deeper

Senate Armed Services chair dismisses Trump threat to veto defense bill

Sen. Jim Inhofe poses with Judge Amy Coney Barrett on Oct. 21. Photo: Anna Moneymaker/pool/AFP via Getty Images

Sen. Jim Inhofe (R-Okla.), chairman of the Senate Armed Services Committee, told reporters Wednesday that he plans to move ahead with a crucial defense-spending bill without provisions that would eliminate tech industry protections, defying a veto threat from President Trump.

Why it matters: Inhofe's public rebuke signals that the Senate could have enough Republican backing to override a potential veto from Trump, who has demanded that the $740 billion National Defense Authorization Act repeal Section 230 of the Communications Decency Act.

Scoop: Uber sells its air taxi business

Illustration: Sarah Grillo/Axios

Uber has agreed to sell its Uber Elevate unit to Joby Aviation, Axios has learned from multiple sources.

Between the lines: Uber Elevate was formed to develop a network of self-driving air taxis, but to date has been most notable for its annual conference devoted to the nascent industry.

Setting the Biden-era cybersecurity agenda

Illustration: Annelise Capossela/Axios

The Biden administration will face a wide array of cybersecurity challenges but can take meaningful action in at least five key areas, concludes a new report by the Aspen Cybersecurity Group.

Why it matters: Cybersecurity policy is a rare refuge from Washington's hyperpartisan dysfunction, as shown by the recent work of the bipartisan Cyberspace Solarium Commission. President-elect Joe Biden should have a real opportunity to make progress on shoring up the nation's cybersecurity and cyber capabilities without bumping up against a likely Republican-controlled Senate.