President Trump hit Attorney General Jeff Sessions and the Justice Department Monday over the indictments of Republican congressmen Duncan Hunter (R-Calif.) and Chris Collins (R-N.Y.), that Trump argues put "[t]wo easy wins now in doubt" ahead of the midterms.

Why it matters: Trump is suggesting that political considerations should have played a role in the prosecution of the two congressmen. Collins was arrested in early August for securities fraud. Hunter and his wife were indicted later in the month on charges of using $250,000 in campaign money for personal expenses and for falsifying campaign finance records. Both Collins and Hunter were early supporters of President Trump.

Be smart, from Jonathan Swan: This sets up a bigger crisis than we might have imagined if, as expected, he eventually fires Sessions. How do you find a replacement A.G. who is both confirmable and the modern incarnation of Roy Cohn that Trump openly yearns for?

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.