Apr 5, 2017

Meet Trump the "aviation enthusiast"

Jose Luis Magana / AP

President Trump earned the title of "aviation enthusiast" during a meeting with the Air Force's mobility chief, four-star General Carlton Everhart, in December. Everhart praised Trump's "good questions" about the manufacturing of a new Air Force One in a recent interview with Bloomberg, and their exchange suggests that Trump approached their meeting with a business mindset.

Trump "wanted to come from a position of negotiations to try and get the price down," Everhart told Bloomberg. Given his previous tweet about Boeing's "out of control" costs for Air Force One planes, Trump made it clear to Everhart that he wouldn't settle for an overpriced new aircraft.

One interesting thing: The Boeing 757 that Trump used for travel during his presidential campaign was a hand-me-down from Microsoft co-founder Paul Allen, Bloomberg noted. Trump has a history of being crafty with his aircraft purchases, opting to buy second-hand planes that he can then modify to fit his lavish lifestyle.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 883,225 — Total deaths: 44,156 — Total recoveries: 185,377Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 189,753 — Total deaths: 4,090 — Total recoveries: 7,141Map.
  3. Axios-Ipsos Coronavirus Index: It's "a tale of two Americas" as the rich are more likely to work from home and the poor are more likely to report to work.
  4. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  5. State updates: Washington and California appear to have slowed their surges of new cases — Florida cases have been doubling the past four days, approaching 7,000.
  6. NYPD: Over 1,400 of its employees have reportedly tested positive for COVID-19.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Private equity hits the brakes amid coronavirus recovery uncertainties

Illustration: Rebecca Zisser/Axios

Private equity is still working on opportunistic deals when it can get a break from portfolio triage, but it's also boarding up the exits amid new questions about the speed of the coronavirus recovery.

The state of play: Sale processes are being shelved daily, even ones that already launched with investment bankers, data rooms, and interested suitors.

China's medical diplomacy is empowering euroskeptic leaders

Illustration: Aïda Amer/Axios

The Chinese government has embarked on a highly publicized campaign to provide vital medical supplies to European countries as they fight coronavirus outbreaks within their borders.

Why it matters: Those efforts — and the perception that the European Union has done little to help — are providing fodder for politicians who are eager to hail China and criticize the EU. EU leaders may now have to worry about both Chinese and Russian overtures that weaken European unity.

Go deeperArrow46 mins ago - World