Good afternoon: Today's PM — edited by Justin Green — is 364 words, a 1.5-minute read.
Situational awareness: "The U.S. budget deficit hit $356.6 billion in the first quarter of fiscal year 2020, up 11.8% compared to the same period the previous year, Bloomberg reports." Go deeper.
1 big thing: Bernie vs. Warren
The long-anticipated Elizabeth Warren vs. Bernie Sanders fight has arrived.
- CNN today: "Bernie Sanders told Elizabeth Warren in [a] private 2018 meeting that a woman can't win."
- Politico on Saturday: "Sanders’ campaign has begun stealthily attacking Warren as a candidate of the upper crust who could not expand the Democratic base in a general election."
Why it matters: Iowa Democrats caucus in less than a month, and you can expect this budding feud to pop up at tomorrow night's debate.
The big picture: The two are competing to unify the far-left flank of the party.
- After New Hampshire in February comes a map friendlier to Joe Biden and mountains of spending by Michael Bloomberg and Tom Steyer.
Between the lines: The most important line in the CNN story is that Warren’s campaign declined to comment, notes Axios' Jonathan Swan.
- Warren was in the room for Sanders' alleged comment — and, by not commenting, she allows the story to run.
- ⚡"Elizabeth Warren recalled an explosive account of a meeting with Bernie Sanders in which he said he didn’t believe a woman could win in 2020," BuzzFeed reports.
- The other side: Sanders denied saying this to Warren and blamed the story on "staff who weren't in the room [who] are lying about what happened."
The bottom line: Time spent fighting each other is time the campaigns won't spend going after Biden.
Bonus: Pic du jour
The field before tonight's College Football Playoff National Championship game between the LSU Tigers and the Clemson Tigers in New Orleans.
- Kickoff at 8pm ET.
- Preview by Axios Sports editor Kendall Baker
2. What you missed
- The Houston Astros have fired general manager Jeff Luhnow and manager AJ Hinch after an MLB investigation revealed that the team used technology to illegally steal signs during its 2017 World Series run. Go deeper.
- Attorney General William Barr called the shooting at Pensacola Naval Air Station an "act of terrorism." Go deeper.
- Sen. Cory Booker (D-N.J.) dropped out of the 2020 presidential race. Go deeper.
- Three new political developments will make Benjamin Netanyahu's efforts to get re-elected much harder. Go deeper.
3. 1 🏆 thing
"Joker" led the way among Academy Award nominees today, setting up another big showdown between traditional studios and the streaming upstarts.
- 7 of the 20 acting nominations went to Netflix films — including three of the slots for Best Supporting Actor.
Nominees for Best Picture:
- "Ford v Ferrari"
- "The Irishman"
- "Jojo Rabbit"
- "Little Women"
- "Marriage Story"
- "Once Upon a Time in Hollywood"
Go deeper: Full list of nominees