U.S. Navy photo by Mass Communication Seaman Natasha R. Chalk via Wikimedia Commons

Trump says Lockheed Martin will cut $600 million off about 90 planes in negotiations for a deal expected to close by the end of the month. He attributed the price quote to CEO Marillyn Hewson, according to CNBC. This will mark the 10th batch of F-35 aircrafts in the acquisition and will likely be delivered in 2018, and for the first time the F-35s will boast a price per plane less than $100 million, closer to $85 million. According to Hewson, this is a price drop of 60% compared to the ninth batch, per a Defense News report.

Taking credit: Trump pointed out that he stepped in last month to push the negotiations forward and that these costs will likely continue to drop as production ramps up. "We will be savings billions and billions and billions of dollars on contracts," he said.

Yes, but: Production was accelerating anyways, and a basic lesson in economics would spell it out for anyone to see that as production increases, costs fall. And Lockheed Martin vowed to dip below that $100 million marker before Trump came into the picture due to economies of scale, per a Defense News report from September 2016.

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Trump's Tucker mind-meld

Photo illustration: Sarah Grillo/Axios. Photo: Roy Rochlin/Getty Images and BRENDAN SMIALOWSKI/AFP via Getty Images

If you want to understand the rhetorical roots of Trump's Independence Day speech at Mount Rushmore, go back and watch Tucker Carlson's monologues for the past six weeks.

Between the lines: Trump — or rather his speechwriter Stephen Miller — framed the president's opposition to the Black Lives Matter protest movement using the same imagery Carlson has been laying out night after night on Fox.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 6 p.m. ET: 11,366,145 — Total deaths: 532,644 — Total recoveries — 6,154,138Map.
  2. U.S.: Total confirmed cases as of 6 p.m. ET: 2,874,396 — Total deaths: 129,870 — Total recoveries: 906,763 — Total tested: 35,512,916Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona hot spot near capacity — Houston mayor warns about hospitals
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Former Trump official Tom Bossert says face masks “are not enough”
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: Sports return stalked by coronavirus
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.

Bolton's hidden aftershocks

Photo illustration: Sarah Grillo/Axios. Photo: Justin Sullivan/Getty Images

The news media has largely moved on, but foreign government officials remain fixated on John Bolton's memoir, "The Room Where It Happened."

Why it matters: Bolton's detailed inside-the-Oval revelations have raised the blood pressure of allies who were already stressed about President Trump's unreliability.