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Trump greets guests ahead of first lady Melania Trump's address to the Republican National Convention from the Rose Garden at the White House, Aug. 25. Photo: Alex Wong/Getty Images

Here are some reasons why President Trump's top advisers say they feel better today than they did three weeks ago.

The state of play: Some early data suggests the Republican National Convention was a success and gave Trump more of a bounce than Joe Biden got from the Democratic National Convention.

  • A new Morning Consult poll has Trump getting a 4 percentage point bounce out of the RNC, whereas Biden got no immediate bounce from the DNC the week earlier. (According to the latest Morning Consult poll, Biden leads Trump 50% to 44% among likely voters nationwide).
  • A new Yahoo News-YouGov poll has Biden's lead over Trump shrinking to 6 percentage points after the RNC — the vice president's smallest lead in months.
  • Fundraising performed well during the RNC. Trump's communications director Tim Murtaugh says the campaign raised $76 million during the RNC.
  • Biden announced he would resume campaign travel after Labor Day, including a trip to Minnesota. Minnesota last voted Republican during Richard Nixon's landslide victory in 1972.
  • COVID-19 cases have been trending down off of the late July peak.

Between the lines: A central goal of the RNC was to win back suburbanites who view Trump as racist and devoid of morals. That's why you saw so many Black speakers offering character testimonials for the president.

  • To that end, Trump aides are encouraged by the Morning Consult poll, which showed that "Trump cut into Biden's lead among voters in the suburbs: Before the convention, Biden led by 14 points (54 percent to 40 percent), but after the convention, he led by 8 points (50 percent to 42 percent)."

Go deeper

Updated Dec 4, 2020 - Politics & Policy

Highlights from Biden and Harris' first joint interview since the election

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

Trump's 2024 begins

Trump speaking to reporters in the White House on Thanksgiving. Photo: Erin Schaff - Pool/Getty Images

President Trump is likely to announce he'll run again in 2024, perhaps before this term even ends, sources tell Axios.

Why it matters: Trump has already set in motion two important strategies to stay relevant and freeze out other Republican rivals. 

Mitt Romney calls Ray Dalio's China investments a "sad moral lapse"

Sen. Mitt Romney walks to a Senate Republican caucus meeting at the Capitol on Oct. 7. Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Mitt Romney (R-Utah) on Thursday criticized billionaire Ray Dalio's investments in China, writing in a tweet that "his feigned ignorance of China's horrific abuses and rationalization of complicit investments there is a sad moral lapse."

Driving the news: Romney's comments come after Dalio's firm, Bridgewater Associates, the largest hedge fund in the world, raised $1.3 billion in November for a new private fund in China, Bloomberg reports.