May 22, 2019

Report: Pentagon plan would move 10,000 troops amid Iran standoff

Trump with military leaders and acting Defense Secretary Patrick Shanahan (L). Photo: Chip Somodevilla/Getty Images

The Pentagon is expected to submit plans to the White House that would see up to 10,000 additional U.S. troops deployed to the Middle East, according to AP. The report comes amid growing fears of war with Iran.

Why it matters: Both U.S. and Iranian officials have said they don't want war, but U.S. officials have made repeated but unspecific claims of possible impending Iranian attacks. President Trump tweeted Monday, "If Iran wants to fight, that will be the official end of Iran." Trump has also dismissed a previous report of a Pentagon plan involving 120,000 troops, but said he'd send "a hell of a lot more" if necessary.

Go deeper: Why war with Iran is suddenly on the table

Go deeper

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all stock deal, the Wall Street Journal reports, with plans to restructure the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.

Go deeper: Six of the biggest U.S. banks have weaknesses in their crisis plans

The new not-normal: The Trump state

Photo Illustration: Eniola Odetunde/Axios. Photos: Chris Graythen/Getty Images

Donald Trump changed how to run for president. Next, he changed the Republican Party. Now, he’s changing the presidency and the boundaries of executive power. 

In the past week, Trump has purged internal dissenters, imported loyalists, pardoned political and financial criminals and continued a running commentary on live Justice Department criminal cases — despite an unprecedented public brushback from his attorney general.

Bloomberg's rough debut

Photo: John Locher/AP

Mike Bloomberg was booed during his debut debate as a Democratic presidential candidate — indicative of a rusty outing where the former New York mayor looked unprepared to respond to obvious lines of attack.

Why it matters ... The debate underscored the Bloomberg’s campaign biggest fear: It's hard to hide to his prickly demeanor. Bloomberg had all the time, practice and forewarning money could buy — and still struggled mightily on the public stage.