Apr 4, 2019

Trump's border bottom line

Trump inspecting border wall prototypes. Photo: Smith Collection/Gado via Getty Images

The cautious view among most Republican lawmakers and White House aides is that President Trump won’t follow through with his dramatic threat to close ports of entry at the border.

The big picture: A source who has been talking to Trump about the border situation throughout the past week said that the president remains skittish about doing anything to disrupt the markets. Trump is encouraged by what Mexico is doing to apprehend migrants on their journey to the U.S.

"It’s the markets," the source said. "Closing the border, the markets would plummet."

  • "He’s very well aware that there’s a commercial trucking component that would be devastating on Mexico and would be hurtful to the United States."

Be smart: As with everything Trump ... What is true at 10 p.m. on Wednesday could be false by 7 a.m. on Thursday, depending on who Trump talks to, what he watches, and what kind of mood he’s in.

Go deeper

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 6 hours ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.