Arab 24 network, via AP

Top generals from Russia, Turkey, and the U.S. met yesterday in Turkey to discuss tension over the partnerships with local forces fighting ISIS in Syria. Late last week, a buffer zone just outside of Manbij, Syria was created that separates U.S.-backed Kurdish forces, the YPG, from clashes with Turks.

Turkey considers the YPG a terrorist group and said last week it would capture Manbij in a "confrontation" if the U.S. didn't kick out its local fighters.

Why this matters: Instead of splitting their attention between fighting Turkey and ISIS, the U.S.-backed forces can now fully focus on ISIS. Plus, this is a Russian-brokered deal, which is worth noting since this is not the last time rival rebel groups fighting ISIS will clash with one another as they all move closer in on ISIS geographically.

The U.S. called the agreement "a measure of success." Turkey? Not so much: "What Turkey is experiencing with its allies in the West is traumatic … We do hope the Trump administration will have a better understanding of Turkey's concerns," Turkey's Deputy Prime Minister Mehmet Simsek said.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.