Jul 29, 2018

Trump tweets shutdown threat over immigration

President Trump tweeted Sunday morning that he is "willing to 'shut down'" the government this fall if congressional Democrats don't help to pass his preferred immigration reform.

"I would be willing to 'shut down' government if the Democrats do not give us the votes for Border Security, which includes the Wall! Must get rid of Lottery, Catch & Release etc. and finally go to system of Immigration based on MERIT! We need great people coming into our Country!"

The big picture: I must confess to being surprised by Trump’s tweet — even if he’s made and bailed on such threats in the past. As recently as a month ago, senior White House officials with direct knowledge of the president’s private conversations told me they were convinced he’d been persuaded that it was not in his political interests to shut down the government a month before the midterm elections.

  • I’ve yet to speak to a Republican member who believes leadership can deliver the wall funding Trump wants by the end of September.
  • The bottom line: Today’s threat could turn out to be bluster; but if he doesn’t follow through Republican members will fear him less the next time he threatens them.

More from Swan during an appearance on Fox News Sunday:

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Trump lashes out at governors, urges them to "dominate" protesters

Photo: Alex Wong/Getty Images

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

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Putin sets referendum that could allow him to rule until 2036 for July 1

Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images

Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.

Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.

A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.