U.S. Secretary of Defense James Mattis speaks during a press conference at the Australia-U.S. Ministerial Consultations at the Hoover Institution at Stanford University. Photo: Justin Sullivan/Getty Images

Speaking to the press alongside Secretary of State Mike Pompeo and Australian defense officials, Defense Secretary James Mattis said the U.S. has no immediate plans to conduct join operations with Russia in Syria, despite claims from Russia following the Trump-Putin summit.

"We will not be doing anything additional until the Secretary of State and the president have further figured out at what point we are going to start working alongside our allies with Russia in the future."
— Secretary Mattis

The big picture: President Trump has expressed openness to cooperating with Russia in Syria in the past, and Russia has claimed the two agreed on a plan to do so in Helsinki. That would be a controversial step, given Russia's support for the Assad regime. General Joseph Votel, commander of U.S. central command, said last week "Russia's support and protection has allowed the Syrian regime to escape full accountability for their use of chemical weapons and the horrendous violence against their own people."

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.