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1 big thing: Trump rekindles the fire vs. Elizabeth Warren

At a ceremony honoring Navajo Code Talkers today, President Trump went on the offensive against Sen. Elizabeth Warren (D-Mass.), calling her "Pocahontas." (Video).

His quote in full: "You were here long before any of us were here. Although we have a representative in Congress who they say was here a long time ago. They call her Pocahontas."

The fallout:

  • Elizabeth Warren's response on MSBNC: "This was supposed to be an event to honor heroes... It is deeply unfortunate that the President of the United States cannot even make it through a ceremony honoring these heroes without having to throw out a racial slur."
  • More from Warren: "Trump does this over and over, thinking somehow he's going to shut me up with it. It hasn't worked in the past, it isn't going to work in the future."
  • Sarah Sanders called Warren's response "ridiculous," adding, "I think what most people find offensive is Elizabeth Warren lying about her heritage to advance her career."

Flashback: In late June, President Trump hosted a group of Native American tribal leaders at the White House and urged them to "just do it" and extract whatever they want from the land they control.

2. What you missed
  1. Who runs CFPB? Day 1 of the post-Richard Cordray era was marked by two individuals, Trump-appointed Mick Mulvaney and Cordray choice Leandra English, claiming the acting leadership role. The breakdown.
  2. Al Franken apologized, but didn't resign: The Minnesota Democrat said he hopes to regain voter trust after groping allegations. Quotes.
  3. SpaceX raises another $100 million: It's an extension of an earlier round for the company that's valued at $21 billion. Details.
  4. Another Chinese bikeshare firm goes bust: This is the third in recent months. The bottom line.
  5. Walmart is catching up to Amazon: It's cut the online price gap since 2016, although that sparks concerns about dampening profits. More.
3. Chart du jour

Why this matters: Focusing on the distribution of cuts lacks some nuance — Republicans say their tax bill will boost the economy — but only 25 percent of voters approve of the GOP tax plan, according to a recent Quinnipiac poll. And 59 percent of voters say the plan favors the wealthy at the expense of the middle class. These kind of approval numbers don't win elections, particularly following an equally unpopular health care bill.

Dive in.