Jan 25, 2018

Trump arrives in Davos

President Donald Trump arrives in Zurich en route to the World Economic Forum in Davos. Nicholas Kamm / AFP / Getty Images

Air Force One landed in Switzerland this morning, ahead of Trump's speech to Davos tomorrow.

Trump advisers hope the takeaway will be: "America first" doesn't mean "America alone." A top White House official tells me Trump's implicit message will be: "We're back."

  • N.Y. Times: "Bottom Line for Davos Elite: Trump Is Good for Business."

The backdrop: "Europe’s Core Leaders Tell Davos Why They’re Different Than Trump" — Bloomberg:

  • "The leaders of Germany, France and Italy used separate appearances in the Swiss resort ... to beat the drum for free trade, globalization and more joint policy making in Europe."
  • German Chancellor Angela Merkel "was joined by French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni, who together represent continental Europe’s three biggest economies."

N.Y. Times Quote of the Day: Phil Levy, a former White House economist for President George W. Bush, on Trump’s approach to planned trade pacts:

  • “Maybe there was some sort of presumption on the part of the president and his team that if the U.S. said stop, this process would come to a halt. What this shows is that’s not true. The world just moves on without us.”

Go deeper

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 1,414,738 — Total deaths: 81,259 — Total recoveries: 298,642Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 387,547 — Total deaths: 12,291 — Total recoveries: 20,395Map.
  3. Federal government latest: Acting Navy secretary resigns over handling of virus-infected ship — Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill.
  4. Business latest: America's food heroes in times of the coronavirus crisis. Even when the economy comes back to life, huge questions for airlines will remain.
  5. World latest: China reopens Wuhan after 10-week coronavirus lockdown.
  6. Wisconsin primary in photos: Thousands gathered to cast ballots in-person during the height of the coronavirus crisis in the U.S.
  7. 1 Olympics thing: About 6,500 athletes who qualified for the Tokyo Games will keep their spots in 2021.
  8. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Airline industry braces for a forever-changed world

Illustration: Sarah Grillo/Axios

The airline industry got a $58 billion lifeline in the coronavirus federal aid package. But the path is unclear for these companies, whose operations and prospects will be forever changed by the global pandemic.

Why it matters: People may want to minimize travel for the foreseeable future. Investors, analysts and industry watchers are trying to determine how much airlines will need to spend — and how much more in lost revenue they'll see — while they adapt to the new reality.

Trump denies seeing Navarro memos warning about toll of coronavirus

President Trump said at a press briefing Tuesday that he "didn't see" memos from his trade adviser Peter Navarro warning in January and February that the coronavirus crisis could kill more than half a million Americans and cost close to $6 trillion.

Why it matters: Trump insisted that despite not seeing the memos, he did "more or less" what Navarro suggested by banning non-U.S. citizens from traveling from China effective Feb. 2.