TIME

The president pays close attention to TIME magazine covers, and the forthcoming issue trumpets new White House Chief of Staff John Kelly as "TRUMP'S LAST BEST HOPE."

Deputy Editor Michael Duffy writes in "Country First":

  • "In moments of crisis, American political leaders have often turned to the nation's military brass to guide the country with clear thinking. For the time being, current and former officers are positioned to perform double duty, providing for the common defense abroad and a measure of common sense at home."
  • "Trump, who defers to virtually no one, shows a clear preference for, and deference to, the military brass. ... Rarely in U.S. history has a clutch of senior brass played such an outsized role in the affairs of state."
  • A close aide: "Right now, [Trump is] very happy to have someone taking control. I think there will eventually be an adjustment period when he feels like things are working and some others that he wants to revert back."
  • "Trump gets bored with people easily and has a history of blaming aides for his own missteps. Even Kelly may not be immune."
  • See the spread.

Go deeper

Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: The pandemic is getting worse again New York reports most cases since MayMany U.S. coronavirus deaths were avoidable.
  4. Education: Boston and Chicago send students back home for online learning.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.

Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

Dion Rabouin, author of Markets
55 mins ago - Economy & Business

Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)

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