Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Chris O'Meara / AP

On Day 129 (and the beginning of the 19th full week), the next phase of Trump's presidency is becoming clear.

Facing political and legal jeopardy, he follows his instincts and runs the government even more like a campaign, with renewed stature for "street fighter" aides and an elevated obsession with his base.

Returning last night from a nine-day overseas trip where Russia headlines wrestled with beauty shots from the world stage, here's a snapshot of the emerging "Raging Bull" Trump:

  • Axios' Jonathan Swan and Amy Harder scooped last night that Trump has privately told multiple people, including EPA Administrator Scott Pruitt, that he plans to leave the Paris agreement on climate change. Trump has told different things to different people, and said yesterday in a TV-teaser-style tweet that he'll make up his mind this week. But his willingness to entertain such a drastic step, right up against his own deadline, was a brushback to Europe and a reminder to moderates in the West Wing, most notably Ivanka Trump and Jared Kushner, that they're advisers, not puppeteers.
  • The President is likely to spend more time in his happy place: massive rallies with supporters. The Washington Post reports (lead story: "Trump may retool his staff") that among the ideas from White House officials, in an effort to revive his stalled legislative agenda and overhaul communications, are proposing "more travel and campaign-style rallies nationwide so that Trump can speak directly to his supporters."
  • We're told that big changes are imminent for the press and communications operations, with a diminished role for the on-camera daily briefing that has proved so entertaining for daytime cable viewers, and such a gift to network correspondents who get to run daily cameos of themselves badgering Sean Spicer.
  • A classic line in the Post story: "'Go to the mattresses,' a line from the film 'The Godfather' about turning to tough mercenaries during troubled times, has circulated among Trump's friends."
  • All three members of the triumvirate who ran the fall campaign saw their power wane, but now are ascendant. White House Chief Strategist Steve Bannon has restored clout as the West Wing draws up org charts for a war room to field Russia incoming. Kellyanne Conway, White House counselor, had been isolated by West Wing enemies but has been empowered to court outside support for Trump. And conservative firebrand Dave Bossie, banished after the campaign, may come into the White House in a political or war-room role.
  • Corey Lewandowski, who ran afoul of the family as Trump's first campaign manager, is once again talking regularly to Trump. Corey is unlikely to come back inside, but a Trump confidant laughed at the press speculation about Corey returning: "Corey's already back."
  • The biggest talker of all inside Trumpland: Sam Nunberg, on the outs with the Trump inner circle since he was fired from the campaign in 2015, is among the members of Trump's outside chorus who are "being courted to play more active roles," The Post said.

The takeaway: One of the most plugged-in West Wing advisers points to this essential dynamic: "Jivanka has influence where it does not conflict with the base."

Coming attractions... N.Y. Times reports in an above-the-fold mash-up, "President Faces Growing Crisis On Russia Ties": "White House aides were trying to assemble a powerhouse outside legal team that they hoped would include seasoned Washington lawyers of the stature of Paul D. Clement, Theodore Olson or Brendan Sullivan, and they planned to introduce some of them to Mr. Trump as soon as this weekend."

Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

Ben Geman, author of Generate
50 mins ago - Politics & Policy

Energy and climate move closer to center stage on Capitol Hill

Illustration: Rebecca Zisser/Axios

The imminent enactment of Democrats' $1.9 trillion COVID-19 relief package creates space for lawmakers and the White House to craft infrastructure plans with big climate and energy-related provisions.

Why it matters: President Biden, during the campaign, vowed to make low-carbon energy, climate-resilient infrastructure and transportation projects a big focus of an economic recovery package. And the Texas power crisis could give fresh momentum to investments in grid modernization.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

The European Central Bank and the market's moment of truth

ECB president Christine Lagarde; Photo: Chip Somodevilla/Getty Images

The biggest event for markets this week will be Thursday's meeting of the European Central Bank's governing council and the press conference following it from ECB president Christine Lagarde.

Why it matters: With interest rates jumping around the globe, investors are looking to central bank heads to see if they will follow the lead of Fed chair Jerome Powell, who says rising rates are nothing to worry about, or Bank of Japan governor Haruhiko Kuroda, who has drawn a line in the sand on rates.

Mike Allen, author of AM
3 hours ago - Politics & Policy

Manchin's next power play

Photo: "Axios on HBO"

Sen. Joe Manchin (D-W.Va.), America's ultimate swing voter, told me on "Axios on HBO" that he'll insist Republicans have more of a voice on President Biden's next big package than they did on the COVID stimulus.

The big picture: Manchin said he'll push for tax hikes to pay for Biden's upcoming infrastructure and climate proposal, and will use his Energy Committee chairmanship to force the GOP to confront climate reality.