Photo: Eduardo Munoz Alvarez/Getty Images

The audio recording of the conversation between Michael Cohen and Donald Trump, released to CNN last night by Cohen's lawyer Lanny Davis, offers unparalleled insight into Trump and Cohen's relationship, both then and now.

Why it matters: We’re now beginning to learn why Trump was so agitated, according to aides, when investigators raided Cohen’s office. 

What it illuminates about Trump: The shadiness of his dealings, especially those facilitated by Cohen. And his lies about not knowing anything about these payments. This did not sound like a conversation between two men inexperienced in such dealings.

What it illuminates about Cohen: The leaking of the tape is, in some ways, more important than the contents of the tape itself. On Saturday, I reported that Cohen has been privately telling friends he has real concerns about Trump’s fitness to be president. Cohen has totally turned against Trump and appears willing to weaponize the information, and secret recordings, he has at his disposal.

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
9 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.