Jan 11, 2019

Axios PM

By Mike Allen
Mike Allen

Situational awareness: Hundreds of thousands of federal workers went without paychecks today.

  • Tomorrow will break the record for longest federal shutdown, which has shaved an estimated $3.6 billion off the U.S. economy.
  • The resulting furloughs are threatening the U.S. streak of 99 straight months of job growth.
1 big thing: Bookmark this

We're 388 days out from the Iowa Caucuses, and even a casual observer can see a ton of action on the Democratic presidential primary front.

Expand chart
Graphic: Naema Ahmed, Aïda Amer and Haley Britzky/Axios (Bookmark it)

Just today:

  • Sen. Kirsten Gillibrand has hired a communications director and deputy director. (She'll make her first Iowa trip this month.) [NYT, Politico]
  • Sen. Sherrod Brown will also be making his first Iowa trip in the next few weeks. [Politico]
  • And Michael Bloomberg told a Texas crowd that, if he runs, he'll self-fund his campaign. [AP]

The big picture: Expect an arms race of big ideas over the coming year.

  • There's a groundswell of Democratic support for candidates who will push socialized health care, major action on climate change and break with centrism on immigration and social issues.
  • This will extend to campaign finance, racial justice, drug legalization, voting rights, and how to dismantle the Trump administration's legacy (as Trump did to Obama.)

Be smart: Every single indicator is going off that this will not be a friendly election to milquetoast or moderation.

Go deeper:

Bonus: Pic du jour
Photo: David McNew/AFP/Getty Images

People are captured by FLIR (Forward-Looking Infrared) HD Thermal Imaging Cameras as they walk near the FLIR exhibit at the Las Vegas Convention Center during CES 2019.

CES coverage here.

2. What you missed
  1. The economy is still producing fewer new businesses every year than it did before the Great Recession. Chart.
  2. GM's optimistic forecast for 2019 surprised a lot of investors today, triggering an 8% surge in GM stock, but CEO Mary Barra has been laying the groundwork for more than 3 years. Background.
  3. GoFundMe is refunding all $20 million that was raised for the "Build the Wall" campaign, after the man who started broke his promise of returning donor money if the campaign didn't reach its goal. Go deeper.
  4. Postmates has raised $100 million in Series F funding at a $1.85 billion valuation. Details.
  5. Macedonia finalized its end of a deal with Greece to rename itself the Republic of North Macedonia, paving the way for the Balkan state's entry into NATO and possibly the EU. Go deeper.
3. 1 pup thing

Miniature Austrian Pug Band, circa 1870, on display at the American Kennel Club Museum of the Dog in New York. The museum opens Feb. 8. Photo: Mary Altaffer/AP

The American Kennel Club Museum of the Dog is returning next month to New York, the AP reports.

  • "While there won’t be actual dogs except for special occasions, the museum hopes to give visitors 'an understanding of the history of dogs, how they came to be in such different variety.'"
  • "About 150 pieces from the kennel club’s extensive, mostly donated collection are on view at the museum, which also has a library area for perusing some of the club’s 15,000 books."

Dive in.

Mike Allen