Axios

Gov. Steve Bullock's presidential campaign said that the Montana Democrat raised $1 million in the first 24 hours following the launch, securing contributions from all 50 states.

Details: Wednesday's announcement did not clarify the number of donors who contributed to his campaign, a figure required to qualify for the Democratic primary debates. Galia Slayen, Bullock's campaign spokesperson, said details about the governor's fundraising would be available "soon," per CNN. Next up: Bullock plans to travel to Iowa on Thursday.

Go deeper: Steve Bullock on the issues, in under 500 words

The global population is expected to balloon to nearly 10 billion people by 2050, with Africa’s population doubling in that time and five of the world’s six inhabited continents growing significantly. Eastern Europe, on the other hand, is rapidly shrinking.

President Trump will give an immigration speech on Thursday afternoon and will begin to unveil the immigration proposal son-in-law and senior adviser Jared Kushner has spent months putting together, senior administration officials told reporters at the White House this afternoon.

Why it matters: The White House wants an immigration plan that can unite Republicans. It won't touch on so-called Dreamers or the undocumented immigrant population, which are important issues for Democrats. But even if the legislation goes nowhere in Congress, it'll give Trump something concrete to campaign on in 2020.

The share of the U.S. population made up by immigrants has returned to the levels at the turn of the 20th century — although the makeup of today's immigrant population looks very different.

Why it matters: As we saw a century ago, and are witnessing again now, immigration brings needed labor and economic benefits, but is often met with backlash from those who fear the America they know is slipping away.

Sen. Kamala Harris' (D-Calif.) said on Wednesday that former Vice President Joe Biden would make a great pick for 2020, but, she clarified, as her running mate, Politico reports.

"I think that Joe Biden would be a great running mate. As vice president, he’s proven that he knows how to do the job."

A new poll by Quinnipiac University released on Wednesday shows former Vice President Joe Biden leading President Trump by 11 points in a head-to-head matchup in Pennsylvania.

By the numbers: Sen. Bernie Sanders also leads Trump in the state, a critical battleground for the 2020 race, by 7 points. Other top Democrats, like Sen. Elizabeth Warren, Pete Buttigieg, Sen. Kamala Harris, and Beto O'Rourke are closer to Trump — landing within the poll's margin of error in their head-to-head matchups.

White House counsel Pat Cipollone said that Congress has no right to a "do-over" of special counsel Robert Mueller's investigation and other investigations undertaken by the Justice Department in a letter sent to House Judiciary Committee Chairman Jerry Nadler (D-N.Y.) on Wednesday.

Why it matters: Cipollone's letter will further escalate the war between the Trump administration and House Democrats, who are attempting to obtain the unredacted copy of Mueller's report as well as access to the sources and witnesses that helped to form its conclusions.

The net operating income for Trump National Doral Miami resort, the flagship property and biggest moneymaker for President Trump's family business, has fallen by 69% over the past two years, according to a Washington Post analysis of its records.

Why it matters: A note from a tax consultant employed by The Trump Organization to a Miami official stated that the property faces "some negative connotation that is associated with the brand," which the Post notes is the first time that someone employed by Trump has acknowledged that the president's name could affect business.

President Trump is running a 2019 campaign against the world, picking fights on four continents and putting his pugilistic "America First" to a grand international test.

Why it matters: Trump has been buoyed for two years by a strong economy and relative global stability. Now, he may confront a hot war or a self-inflicted economic shock as he heads into the heat of his re-election campaign.