🇺🇸 Good Thursday morning. It's Flag Day. President Trump turns 72 today.
Situational awareness — Chicago Tribune: "Autonomous 16-passenger vehicles would zip back and forth at speeds exceeding 100 mph in tunnels between the Loop and O’Hare International Airport under a high-speed transit proposal being negotiated between Mayor Rahm Emanuel’s City Hall and ... Elon Musk’s The Boring Co.."
If you're in D.C., please join Kim Hart and me at 8 a.m. today for back-to-back Axios News Shapers conversations with FCC Chairman Ajit Pai on net neutrality and more, and Rep. Adam Schiff, the top Democrat on House Intelligence. Deets and RSVP here.
It took Little Rocket Man just seven months to go from President Trump calling him "a sick puppy," to "very talented" during the post-summit press conference, to this syrupy praise of Kim Jong-un during the president's interview in Singapore with Fox News' Bret Baier:
The shift is jarring but is part of the Trump modus operandi: People come in and out of favor with wind-shear-like abruptness. Anyone in Trump's orbit knows they can be banished on a whim — but have a good chance of coming back.
Kim is the most extreme example of the swing, but Canadian Prime Minister Justin Trudeau also went through the cycle (only in reverse): fawned on by Trump as a close family friend when he was in the White House, then lit on fire after hosting last weekend's G7 summit.
"This is the Trump playbook for dealing with foreign leaders," a source close to Trump tells Jonathan Swan. "Trump does to other foreign leaders what he wishes they would do for him. On the positive side, it's lavishing him with praise, rolling out the red carpet. The Saudis were brilliant at it."
So Trump allies argue that he could turn on Kim as quickly as he embraced him. As the source put it:
P.S. L.A. Times lead story: "As Trump boasts, details of a nuclear deal await."
TIME's Brian Bennett writes: “There may be short-term benefits in abandoning America’s decades-old commitment to strategic predictability. But foreign policy experts on both sides of the political spectrum are worried about the costs."
"Michael D. Cohen, President Trump’s longtime personal fixer, will soon be parting from the lawyers who are representing him in a potentially damaging and wide-ranging federal investigation into his business dealings," per the N.Y. Times:
This newly completed horseshoe-shaped, glass-bottom bridge on Fuxi Mountain, in Xinmi in central China's Henan Province, extends 98 feet out from the cliff.
WeWork is on pace to generate $1.5 billion in revenue this year, according to a memo sent early this morning to company employees and obtained by Axios' Dan Primack:
"A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper ... by an academic with a history of spotting fraud in financial markets," the N.Y. Times' Nathaniel Popper writes from S.F.
This graphic, based on Pentagon data, shows how the U.S. military's focus has shifted over more than three years of airstrikes in Iraq and Syria, Axios' Harry Stevens and Haley Britzky report:
Coming in Sunday's N.Y. Times Magazine ... "The Wounds of the Drone Warrior: Even soldiers who fight wars from a safe distance have found themselves traumatized. Could their injuries be moral ones?" by Eyal Press, who is at work on a book about people whose jobs take them into morally treacherous situations:
The forthcoming issue of Foreign Affairs presents what Editor Gideon Rose calls "a half dozen choices of grand narrative for an increasingly turbulent era" (with guest-pass links for Axios readers, kindly provided by Foreign Affairs):
"Business-Class Fliers Are Filching All That Fancy Airline Swag: The more extravagant the amenities, the harder it is for carriers to stop passengers walking off with duvets, memory-foam pillows and silverware" — Wall Street Journal A-hed by Alison Sider and Andrew Tangel (subscription):
Thanks for reading. See you on Axios.com.