Situational awareness: Michael Bloomberg won't run for president.
D.C. readers: You're invited to Mind the Skills Gap this Thursday at 8 am. Join Axios' Kim Hart for a look into the role policy, business and education leaders play in offsetting the skills gap.
Migrants stand in line for breakfast at a migrant hostel as they wait to apply for asylum. Photo: Joe Raedle/Getty Images
A wave of asylum-seekers from central America has driven unauthorized border crossings back to Bush-era numbers while President Trump pushes his national emergency to free up funds for border fencing.
The big picture: "For the fourth time in five months, the number of migrant families crossing the southwest border has broken records," per the NYT.
Why it matters: The majority of these immigrants are families or unaccompanied minors, many of whom are seeking asylum, Stef emails.
The bottom line: "The high number of families crossing the border suggest that President Trump’s policies aimed at deterring asylum seekers are not having their intended effect," the Times reports.
Bugatti's newest car, the one-of-a-kind La Voiture Noire, ran $12.5 million before taxes, selling to an unnamed buyer, according to multiple media reports today.
Why it matters: It's the most expensive car ever made.