Photo: Alex Wong/Getty Images

White House senior adviser — and President Trump's eldest daughter — Ivanka Trump sat down with Axios' Mike Allen on Thursday to talk paid family leave, the fate American workers caught in a trade war, and some of her father's most contentious policy points and comments.

The big picture: While Trump maintained a united front with her father on most accounts, she notably broke with him on his view of the media and his administration's separation of undocumented families at the southern border.

Update... President Trump tweeted this afternoon about Ivanka's media comments: "They asked my daughter Ivanka whether or not the media is the enemy of the people. She correctly said no. It is the FAKE NEWS, which is a large percentage of the media, that is the enemy of the people!".

The workforce
  • She announced new career opportunities — jobs, apprenticeships, and retraining — at United Airlines (16,000 commitments) and Mastercard (75,000 commitments).
Family separation
  • Trump said the separation of undocumented children from their parents at the southern border was "a low point" for her: "I am very vehemently against family separation. ... These are not easy issues, these are incredibly difficult issues and like the rest of the country, I experience them in a very emotional way."
Paid family leave
  • It won't happen "in this Congress," Trump said, because it would require bipartisan compromise.
The media
The U.S.-China trade war
  • She doesn't think the tariffs proposed by her father will hurt American farmers long-term: "They're patriots and they know that there's some temporary pain, but that the president's fighting for them...and that long-term, they're going to thrive."

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.