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North Korea Vice-Chairman Kim Yong-chol shakes hands with U.S. Secretary of State Mike Pompeo. Photo: Bryan R. Smith/AFP/Getty Images

Speaking at a press conference following a meeting with North Korean Vice Chairman Kim Yong-chol in New York, Secretary of State Mike Pompeo expressed optimism about the planned summit between President Trump and North Korean leader Kim Jong-un. He added that the two sides have "made real progress in the last 72 hours towards setting the conditions" of the June 12 meeting.

The big picture: Pompeo signaled that the United States' hopes for the meeting had not changed, saying that the end goal was "both denuclearization that the world demands, and security assurances [from North Korea that] would be required for us to achieve [denuclearization.]"

Go deeper

Inflation threatens Latinos' buying power

Expand chart
Data: Hispanic Index of Consumer Sentiment; Chart: Jacque Schrag/Axios

Latinos in the U.S. are less optimistic about the economy than they were a year ago as inflation threatens to cut into their buying power.

Why it matters: Latinos have been economic growth drivers for the past decade, opening new businesses at faster rates than other groups and increasing their homeownership rates. The group's overall output would make them the seventh-largest GDP in the world if they were a country.

44 mins ago - Politics & Policy

First look: Frontline Dems seek cover with bipartisan police bill

Rep. Josh Gottheimer. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Moderate Frontline Democrats facing tough reelection fights are teaming up with House Republicans on a bill that would effectively help fund the police, according to a copy of the bill text obtained by Axios.

Why it matters: One of Republicans' core and most effective campaign attacks to date is their messaging around progressive rhetoric to "defund the police." Moderate Democrats have long tried to dodge that narrative, acknowledging its political peril despite their support for broader police reform.

Omicron pushes COVID deaths toward 2,000 per day

Expand chart
Data: N.Y. Times; Cartogram: Kavya Beheraj/Axios

The U.S. Omicron wave may be peaking, but now COVID deaths are climbing as cases continue to soar in most of the country.

The big picture: Omicron's stranglehold in the U.S. started about a month ago. Its death toll — while almost certain to be smaller than previous waves of the pandemic — is only now starting to take hold, and deaths will likely continue to rise for several weeks.