Trump and Merkel at Friday's press conference. Photo: Brendan Smialowski/AFP/Getty Images

President Trump said this afternoon that he "may go" to the opening ceremony of the new U.S. embassy in Jerusalem on May 14.

Why it matters: Trump's statement during a joint press conference with German chancellor Angela Merkel was somewhat surprising, because in the last few weeks, both the White House and Israeli Prime Minister Benjamin Netanyahu's office said it was highly unlikely that Trump would be able to attend.

They cited Trump's schedule and the need to focus on other issues, like North Korea and the May 12 deadline to decide the future of the Iran nuclear deal.

The back story: I reported earlier this week that the administration even started preparing to send Treasury Secretary Steve Mnuchin as the head of the U.S. delegation, along with White House senior adviser Jared Kushner. Israeli officials told me on Sunday that the information they got from Washington was that Trump wasn’t coming to the ceremony and Mnuchin would lead the delegation.

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Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: The pandemic is getting worse again New York reports most cases since MayMany U.S. coronavirus deaths were avoidable.
  4. Education: Boston and Chicago send students back home for online learning.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases — France becomes the second.

Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

Dion Rabouin, author of Markets
59 mins ago - Economy & Business

Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)