Cliff Owen / AP

Axios got a copy of Senator Mark Warner's (D-VA) opening statement ahead of James Comey's testimony before the Senate Intelligence Committee later this morning.

Bottom line: "This is not how a President of the United States behaves. Regardless of the outcome of our investigation into those Russia links, Director Comey's firing and his testimony raise separate and troubling questions that we must get to the bottom of."

Key excerpts:

"The testimony that Mr. Comey has submitted for today's hearing is disturbing... I do want to emphasize what is happening here - the President of the United States is asking the FBI Director to drop an ongoing investigation into the President's former National Security Advisor. In further violation of clear guidelines put in place after Watergate to prevent any whiff of political interference by the White House into FBI investigations, the President then called the FBI Director on two separate occasions – March 30 and April 11 - and asked him to 'lift the cloud' of the Russia investigation...
"At the same time the President was engaged in these efforts with Director Comey, he was also allegedly pressuring senior leaders of the intelligence community to downplay the Russia investigation or intervene with Director Comey. DNI Coats and NSA Director Admiral Rogers had plenty of opportunities to deny those reports yesterday. They did not."

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The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

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  2. U.S.: Total confirmed cases as of 10 p.m. ET: 2,735,554 — Total deaths: 128,684 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
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  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
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  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.
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Fauci: Coronavirus surges mark a "very disturbing week" in the U.S.

Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.