J. Scott Applewhite / AP

House Democratic Leader Nancy Pelosi told reporters she, Chuck Schumer, and Trump agreed Wednesday night "to a plan to work out an agreement to protect our nation's Dreamers from deportation." She added "we would review border security measures that do not include building a wall."

On the DREAM Act and path to citizenship: When Pelosi was asked whether she had "no doubt" that she and Trump were on the same page that Dreamers be able to pursue citizenship through the DREAM Act, she shied away from answering explicitly yes or no. Instead, she emphasized "we agreed on our path." When asked if she trusts the President on this issue, she answered "Now is that a fair question?"

Why it matters: There's no clear alignment between Trump and the Democratic demands on this issue — yet.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.