Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Chip Somodevilla / Getty Images

President Trump enjoyed yesterday's episode of "The Trump Show": He played the president he sometimes fantasizes being — a post-partisan leader, bigger than Republican or Democrat, a celebrity dealmaker with no firm attachments, who’d overwhelm Washington through the sheer strength of statecraft and deal-cutting genius. A real Davos man. P.T. Barnum with a pulpit. 

His presidency hasn’t lived up to that vision. Trump’s victories have been partisan victories — unwinding regulations, appointing conservative judges, withdrawing from the Paris climate deal, passing a Republican tax bill and repealing the cornerstone of Obamacare. 

But Trump yesterday showed the side we often hear about from behind closed doors:

  • He opened an immigration negotiation session to reporters for 54 minutes. During the meeting, he floated that he wanted a comprehensive immigration deal — something that scares the living daylights out of the right wing of his party. (N.Y. Times lead story: "Trump Receptive to Working Out Citizenship Path ... 'I’ll Take the Heat,’ He Says, Seeming to Back a Broader Deal.")
  • He lamented about how the two parties don’t get along, and can’t cut deals like they did in the good old days.
  • He said that maybe Congress should bring back earmarks — a.k.a. “pork” — another Republican apostasy.
  • We learned that he'll attend Davos — the clubby globalist conference in Switzerland (60 heads of state or government, plus top CEOs and over 1,000 leaders from civil society, academia and media).

Why this matters: When Trump is in these moods, he’s at his most unpredictable (and therefore most dangerous, in the eyes of Republican leaders.)

  • Trump is in the middle of high stakes negotiations to avoid a government shutdown, and his lack of attachment to any ideology or principles means he could easily veer into Chuck and Nancy’s arms.

Go deeper

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

16 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.