Kim and Moon meet at the border. Photo: Inter-Korean Summit / POOL/Anadolu Agency/Getty Images

After previously saying he'd like to hold his summit with Kim Jong-un at the border between North and South Korea, President Trump said today that the location will be announced soon — and it isn't the DMZ.

Smart take: That leaves Singapore as the odds-on favorite. The Washington Post's David Nakamura explains why: "Trump mentioned it publicly last week along with DMZ, and ruled out DMZ today. Singapore has diplomatic relations with North Korea and a DPRK embassy there. Singapore regularly facilitates 'third country' diplomacy in Asia."

Go deeper

25 mins ago - Sports

Pac-12 football players threaten coronavirus opt-out

Illustration: Eniola Odetunde/Axios

A group of Pac-12 football players have threatened to opt out of the season unless the conference addresses systemic inequities and concerns related to the coronavirus pandemic.

Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

Betting on inflation is paying off big for investors

Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.

Scoop: Top CEOs urge Congress to help small businesses

Illustration: Eniola Odetunde/Axios

With a new coronavirus relief measure stalled in Congress, CEOs of some of the world's biggest companies have banded together to send a message to Washington: Get money to small businesses now!

Why it matters: "By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon," warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.