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Photos: Getty Images

North Korean leader Kim Jong-un and President Trump have both arrived in Singapore ahead of their Tuesday summit. Kim and his delegation landed on Sunday afternoon while Trump touched down at 8:21 p.m. local time after an eventful exit from the G7 in Canada last night.

The big picture: Highlighting his isolation on the international scene, this is Kim's first known international trip as North Korea's leader outside China — where he only visited for the first time in March.

A huge collection of media waits for Kim and his delegation outside the St. Regis in Singapore. Photo: Chris McGrath/Getty Images
Singapore security services lock down streets in anticipation of Kim's arrival. Photo: Chris McGrath/Getty Images
Kim's limousine drives down the streets of Singapore. Photo: Adek Berry/AFP/Getty Images
Kim is welcomed by Singapore's Prime Minister Lee Hsien Loong at his official residence. Photo: Roslan Rahman/AFP/Getty Images
Trump waves as he is met by Singapore's Foreign Minister Vivian Balakrishnan after deplaning from Air Force One. Photo: Saul Loeb/AFP/Getty Images

Go deeper: What we're watching: Singapore braces for the meeting

Go deeper

Felix Salmon, author of Capital
Updated 4 mins ago - Economy & Business

How central banks can save the world

Illustration: Aïda Amer/Axios

The trillion-dollar gap between actual GDP and potential GDP is a gap made up of misery, unemployment, and unfulfilled promise. It's also a gap that can be eradicated — if central banks embrace unconventional monetary policy.

  • That's the message from Eric Lonergan and Megan Greene, two economists who reject the idea that central banks have hit a "lower bound" on interest rates. In fact, they reject the idea that "interest rates" are a singular thing at all, and they fullthroatedly reject the idea — most recently put forward by New York Fed president Bill Dudley — that the Fed is "out of firepower."

Why it matters: If Lonergan and Greene are right, then central banks have effectively unlimited ammunition in their fight to increase inflation and employment. They are limited only by political will.

Updated 23 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases — Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  4. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Thursday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.