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Joe Biden's 2020 signals

Photo: Alexander Pohl/NurPhoto via Getty Images

Joe Biden isn't ruling out running for president in 2020, AP reports, especially if he thinks it's the "right thing to do." He recently talked about it with NBC News, saying: "I'm focused on one thing: electing a Democratic Congress ... I have plenty of time to consider whether or not to run."

A few more signs he's thinking of running:

  • He's got three political organizations up and running: the Penn Biden Center for Diplomacy and Global Engagement, his domestic policy institute in Delaware and American Possibilities, his political action committee.
  • Some of Biden's longtime advisers have privately weighed the possibility of Biden serving only one term as president, if he runs and gets elected, allowing his running mate to take over in 2024, AP notes.
  • He's been more consistently outspoken about Trump, setting himself up as a formidable Democratic challenger. Last week's University of New Hampshire poll puts him as the favorite 2020 candidate among Democratic voters.
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Zuckerberg admits Facebook "breach of trust"

Facebook CEO Mark Zuckerberg walks wearing a t-shirt, with trees behind him
Photo: Drew Angerer/Getty Images

Mark Zuckerberg weighed in on what he called the "Cambridge Analytica situation" today in a Facebook post, saying there was a "a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that."

"We have a responsibility to protect your data, and if we can't then we don't deserve to serve you. I've been working to understand exactly what happened and how to make sure this doesn't happen again. The good news is that the most important actions to prevent this from happening again today we have already taken years ago. But we also made mistakes, there's more to do, and we need to step up and do it."

Why it matters: Facebook has been under extraordinary pressure from lawmakers, regulators and Wall Street to respond to the issue.

Jonathan Swan 7 hours ago
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Trump to announce anti-China tariffs tomorrow

President Donald Trump
Photo: Kevin Dietsch-Pool/Getty Images

President Trump plans to unveil his aggressive package of tariffs against China tomorrow, with a charge led by U.S. Trade Representative Robert Lighthizer that will use Section 301 of the Trade Act of 1974 to target Beijing.

The big picture: Two sources with direct knowledge tell me Kevin Hassett has been crunching the numbers, and the dollar value of the tariffs will likely be around $50 billion per year — or slightly less. The administration has used an algorithm to select a batch of Chinese products and then apply tariff rates to those products in a way that will hopefully limit the harm to American consumers.