Illustration: Sarah Grillo/Axios

Buckle up: President Trump's prime-time Oval Office speech tonight comes on Day 18 of a shutdown he caused on the issue he wants to define his presidency — immigration.

Following Trump's speech at 9 pm ET, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer will appear on air from the House Speaker's Balcony Hallway.

  • Unlike last year, when Democrats could only express their concern about Trump, Pelosi now speaks as a figure Trump needs to deal with on equal terms.
  • Trump isn’t expected to declare a national emergency, WSJ reports.

Between the lines: Trump appears to be playing defense.

  • It's unclear why incoming Democrats would be swayed by this issue so shortly after the president made it a central election topic and his party lost the House.
  • House Democrats also plan to start introducing bills to re-open parts of the government, hoping the threat of defecting Republicans persuades leadership to break with Trump.
  • Senate Democrats are working to grind legislation to a standstill to pressure Mitch McConnell, the NY Times reports.
  • Trump will attend a Senate Republican lunch meeting on Wednesday, according to multiple people familiar with the decision.

Go deeper: Reality check — The truth about Trump's border crisis

Go deeper

Updated 6 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 10,902,347 — Total deaths: 521,940 — Total recoveries — 5,777,662Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,739,879 — Total deaths: 128,740 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

13 hours ago - Health

Fauci: Coronavirus surges mark a "very disturbing week" in the U.S.

Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.