If President Trump watches "Fox & Friends" Wednesday, he'll see a new ad featuring Democratic presidential candidate Julián Castro talking directly to him and blaming him for the El Paso mass shooting.

Why it matters: The ad is a way for Castro to show voters he's not afraid to directly take on Trump.

  • "Julián isn't afraid of Donald Trump or his bigoted agenda, and will continue to expose his racism and division until he defeats him next November," Maya Rupert, Castro's campaign manager, said in a statement.
  • If Trump responds to the ad on Twitter, it could also help Castro's campaign with exposure and fundraising.

The state of play: Castro is placing a small ad buy — just $2,775 — for three spots throughout the day on Fox News in Bedminster, N.J., where Trump is spending the week at his private golf club.

  • Castro's campaign will continue spreading the ad digitally after it airs.

Between the lines: The El Paso shooter wrote a manifesto that echoed Trump's rhetoric on Hispanics, taking issue with what he called a "Hispanic invasion" in the U.S.

  • In the ad, Castro says: "As we saw in El Paso, Americans were killed because you stoked the fire of racists. Innocent people were shot down because they look different from you. Because they look like me. They look like my family."

Go deeper: Julián Castro on the issues, in under 500 words

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Dion Rabouin, author of Markets
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Americans' trust in the Fed keeps falling

Data: Axios/Ipsos poll; Note: ±3.3% margin of error; Chart: Axios Visuals

Americans' trust in the Federal Reserve fell again in October, with just 34% saying they have a fair amount or a great deal of trust in the central bank in the latest Axios/Ipsos poll.

What's happening: While trust in the Fed rises with age, income level and among those who say they know more about the institution, there was not a single group where even half of respondents said they trusted the Fed.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccinesWisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b---ards" for continuing to cover pandemic.
  5. World: Ireland moving back into lockdown as cases surge — Argentina becomes 5th country to report 5 million infections

USA Today breaks tradition by endorsing Joe Biden

Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

USA Today, one of the largest newspapers by circulation in America, gave Joe Biden its first-ever presidential endorsement on Tuesday.

The big picture: A slew of media companies are endorsing a candidate this year for the first time ever, citing the unprecedented nature of this election.