Apr 2, 2019

Trump on border closure: "Security is more important to me than trade"

Photo: Chip Somodevilla/Getty Images

President Trump, while doubling down on his threat to close the U.S. border with Mexico on Tuesday, acknowledged that it would inflict negative consequences on the economy, but said that "security is more important to me than trade."

The big picture: Last Friday, Trump threatened to shut down the border this week unless Mexico "immediately" stops the flow of Central American migrants en route to the U.S., though Press Secretary Sarah Sanders told reporters today that Trump is not operating with a "specific timeline" in mind. The Washington Post reported Tuesday that White House officials are looking for ways to allow commercial trade to continue through a border shutdown, following warnings about the damage it could to do the economy.

Go deeper: Critical industries could go under if Trump closes U.S-Mexico border

Go deeper

WeWork board sues SoftBank

Illustration: Sarah Grillo/Axios

SoftBank was sued Tuesday morning by a special committee of WeWork's board of directors for alleged breaches of contract and fiduciary duty related to SoftBank's decision to cancel a $3 billion tender offer for WeWork shares.

Why it matters: SoftBank is viewed by many in the private markets as an unfaithful partner. If this reaches trial, that reputation could either become widely cemented or reversed.

IEA boss won't let Big Oil off the hook

Photo illustration: Sarah Grillo/Axios. Photo: Freya Ingrid Morales/Anadolu Agency/Getty Images

International Energy Agency executive director Fatih Birol has a tough job these days — responding to an unprecedented crisis now without losing sight of an existential one that must be tackled over decades.

Driving the news: He spoke to Axios yesterday about his work to help stabilize oil markets and ensure coronavirus doesn't sap governments' and companies' work on global warming.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 a.m. ET: 1,362,936— Total deaths: 76,373 — Total recoveries: 292,188Map.
  2. U.S.: Total confirmed cases as of 9:30 a.m. ET: 368,449 — Total deaths: 10,993 — Total recoveries: 19,919Map.
  3. Trump administration latest: Peter Navarro warned White House colleagues in late January about the massive potential risks from the coronavirus.
  4. Public health update: Funeral homes are struggling to handle the pandemic.
  5. 2020 update: Wisconsin Supreme Court blocks the governor's attempt to delay in-person primary voting until June.
  6. 🏀 Sports latest: No one knows when the coronavirus sports shutdown will end.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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