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 Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

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

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

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

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!

Photo: Scott Eisen/Getty Images

When Joe Biden announces for president later this week, he'll open his campaign with a "climate of the nation" message that takes on President Trump but doesn't directly attack any of the other 2020 Democrats, advisers tell me.

What he'll say: Biden will spell out the stakes for the country, and talk about what kind of people we're going to be. He'll emphasize the kind of politics he's running against, and what kind of leadership the moment calls for.

Some key Democrats are bearish on the 76-year-old's chances, with one of them calling it "a third Obama term, a second Hillary term — take your pick."

  • But Biden will project a "determined" air, advisers say.
  • Friends say Biden has been personally making fundraising calls, a sign of his new focus on a race where he let much of the field form ahead of him.

Biden expects the rest of the field to cut him up, including attacks on his family.

  • But Biden is saying behind the scenes that he's been hurt enough in his life, and this field can't hurt him.
  • "His antenna is up," a friend said. "He's ready for it."
  • And Biden is saying he's more convinced that he can beat Trump than he has been of anything in his political life.

What's next: Look for Biden to announce with a video tomorrow or Thursday, then headline a fundraiser being held by Comcast's David Cohen in Philadelphia.

  • Then expect Biden to hit Pittsburgh early next week.

Go deeper:

Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

Trump defies Congress, vetoes $740 billion defense spending bill

Photo: Al Drago via Getty

President Trump defied Congress on Wednesday, vetoing the National Defense Authorization Act (NDAA).

Why it matters: The House and Senate passed the $740 billion defense spending bill with veto-proof majorities, setting up a potential override fight.

U.S. considering closing Iraqi embassy after rocket attack

Iraqi police forces stand guard near the US Embassy in Baghdad on Monday, a day after several rockets were fired into Baghdad's Green Zone. Photo: Ameer Al Mohammedaw/picture alliance via Getty Images

The United States is considering quickly closing its embassy in Baghdad after a series of rocket attacks on Iraq's Green Zone by Iranian-backed militias, according to two sources familiar with the discussions.

Why it matters: The move, among several options being considered, could be a prelude to retaliation against Iran, which President Trump and Secretary of State Mike Pompeo have highlighted as a state sponsor of terror. "Some friendly health advice to Iran: If one American is killed, I will hold Iran responsible. Think it over," the president tweeted Wednesday afternoon.

3 hours ago - Health

Over 1 million people in U.S. have received the COVID-19 vaccine

Photo: Hyoung Chang/MediaNews Group/The Denver Post via Getty Images

More than 1 million people in the U.S. have received the first dose of the Pfizer-BioNTech coronavirus vaccine as of Wednesday, according to the Centers for Disease Control and Prevention.

Why it matters: The U.S. began its largest vaccination campaign in U.S. history last week as COVID-19 cases, hospitalizations and deaths surged nationwide.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!