🗳️ Happy Monday. It’s New Hampshire primary eve.
🌏 Situational awareness: Partly because of a "nightmare" for tech manufacturing, the coronavirus outbreak will cost the global economy more than $280 billion in Q1, ending a 43-quarter global growth streak. (Bloomberg)
Illustration: Aïda Amer/Axios
Mike Bloomberg's campaign feels corporate. It's calm, orderly and punctual. His audiences clap politely, and you can't walk two steps without running into a paid staffer with talking points. Nobody whoops or yells. Nothing is left to chance. No expense is spared. The candidate is self-consciously low-key.
After being immersed in Donald Trump's freewheeling White House and campaign for more than four years, Axios' Jonathan Swan found a day he spent flying around California with Bloomberg last week to be a foreign experience.
Between the lines: Part of the quietness can't be helped. Bloomberg's unlimited money cannot draft — at least not yet — tens of thousands of fired-up men and women in campaign hats to arenas all around the country.
Bloomberg is being taken seriously by the national media and the president of the United States, although he doesn't track the typical path of a would-be nominee. And rivals are cranking up their anti-billionaire messages.
Bloomberg wore a navy suit and tie and mulberry sweater as he jetted around delegate-rich California. On the stump, he called himself the "un-Trump."
Illustration: Sarah Grillo/Axios
Donald Trump's campaign call for all Muslims to be barred from entering the United States has morphed over the past three years into a complex web of travel and immigration restrictions placed, to varying degrees, on 7% of the world's population, Axios' Stef Kight writes.
The Trump administration recently announced restrictions on permanent immigration for people from Kyrgyzstan, Myanmar, Eritrea, Nigeria, Sudan and Tanzania.
Flashback: Trump first announced a travel ban — labeled by many a "Muslim ban" — in his first week in office.
Bernie Sanders' campaign will ask for a "partial recanvass" of caucus results after updated Iowa Democratic Party results (with 100% of precincts) showed Pete Buttigieg ahead by two state delegate equivalents out of 2,152 counted.
🤯 A N.Y. Times post-mortem on the Iowa fiasco found it wasn't just the app, but "cascading failures going back months ... a total system breakdown that casts doubt on how a critical contest ... has been managed for years."
Photo: Ebrahim Noroozi/AP
Workers at this small Iranian factory diligently add all 50 stars and 13 bars to American flags, and carefully imprint the Star of David on the flag of Israel. They known their work is destined to go up in flames, AP reports from Khomein, Iran.
In his Fiscal Year 2021 budget out today, President Trump will propose a 21% cut in U.S. foreign aid, "while seeking an increase in funds to counter developing economic threats from China and Russia," per Reuters.
Reality check: The plan has cuts to food stamps, farm subsidies, Medicaid and student loans that couldn't pass when Republicans controlled Congress, much less now with Speaker Pelosi setting the agenda. (AP)
"Republicans and Republican-leaning independents are now 21 points more likely than Democrats and Democratic-leaning independents to express confidence in [Russian President Vladimir] Putin (31% vs. 10%)." (Pew Research Center)
Illustration: Eniola Odetunde/Axios
Tesla CEO Elon Musk. Photo: Tobias Schwarz/AFP via Getty Images
"Tesla's rocketing stock has meant an astonishing dive" — $8.4 billion since January — "for investors who have staked their money on the proposition that Tesla shares were drastically overvalued and bound to fall," the Wall Street Journal reports (subscription).
The Oscar for best feature-length documentary went to "American Factory," the first documentary released by Barack and Michelle Obama's production company, Higher Ground.
🐦 In a congratulatory tweet, President Obama called it "a complex, moving story about the very human consequences of wrenching economic change."
Director Bong Joon-Ho eyes the awards won by "Parasite" at the Oscars Governors Ball. Photo: Valerie Macon/AFP via Getty Images
South Korean thriller "Parasite" became the first foreign-language film to win the Oscars' top prize in the awards' 92-year history, "an astounding achievement for a $11 million Korean-language theatrical effort that grew through word-of-mouth," per The Hollywood Reporter.
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