Situational awareness: Uber's quarterly financials are out, likely their last before formally filing to go public.
- The bottom line: The numbers show continued growth and investment in areas like UberEats, but still no profits.
1 big thing: Trump's revealing monologue
Remember how we told you this morning that President Trump pushes for decisions like a national emergency because he wants a maximalist fight that's easy to sell?
Here's how he described what's coming next during today's Rose Garden speech announcing the emergency:
"So the order is signed, and I’ll sign the final papers as soon as I get into the Oval Office, and we will have a national emergency, and we will then be sued, and they will sue us in the Ninth Circuit, even though it shouldn’t be there, and we will possibly get a bad ruling and then we will get another bad ruling, and then we will end up in the Supreme Court, and hopefully we will get a fair shake and win in the Supreme Court, just like the [travel] ban—they sued us in the Ninth Circuit, and we lost, and then we lost in the appellate division, and then we went to the Supreme Court and we won."
Why it matters: Democrats are already repeating the "see you in court" language from the travel ban, a version of which was held up by the Supreme Court.
- Trump's best case scenario is this survives the court challenges, and he can brand a section of wall as his own.
- Trump's worst case scenario is that it dies in the courts, and he can blame everyone else when 2020 rolls around.
Axios' Jonathan Swan emails... The emergency achieves two objectives: it opens up more money and it dramatizes the stakes in the minds of voters.
- A Trump adviser told me he [the adviser not the president] isn’t worried about precedent because he assumes the next progressive president will try to use whatever executive powers they can legally get away with to advance their agenda. Precedent be damned.
P.S. Another court fight is coming...
- The Supreme Court has agreed to hear an appeal from the Trump administration in its efforts to add a controversial citizenship citizenship question to the 2020 census.
Bonus: Pic du jour
A Central American migrant walks along the Rio Grande (also Rio Bravo), the river on the U.S.-Mexico border that divides the cities of Piedras Negras in Mexico's Coahuila State and Eagle Pass in Texas.
2. What you missed
- Colin Kaepernick has settled with the NFL on a grievance that alleged NFL owners colluded to keep him off NFL rosters.
- Andrew McCabe's spokeswoman says his comments about Justice Department discussions surrounding the use of the 25th Amendment to remove President Trump "have been taken out of context and misrepresented." Go deeper.
- A new report alleges Mel Watt, former director of the Federal Housing Finance Agency under President Obama, abused his position by attempting to "coerce or induce" a relationship with a female employee who was working toward a promotion. Read more.
- 1 🎧 thing: Axios reporters Dan Primack, David McCabe and Erica Pandey talk about Amazon's decision to abandon its planned HQ2 facility in New York's Long Island City neighborhood. Listen here.
3. 1 game thing
"A first-run copy of the Nintendo Entertainment System game sold in a private transaction earlier this month for $100,150, and the people involved in the deal say it’s the first six-figure transaction for a single collectible game," Kotaku reports.
- "This sale represents a huge jump over the copy of Super Mario Bros. that sold in 2017 for over $30,000."
Why it matters: That's a ton of $$.