Jan 6, 2017

Trump: We'll use NAFTA to get Mexico to pay for the wall

Evan Vucci / AP

That's the big item out of the NYT's quick interview with the president-elect, who went off on Twitter this morning.

Summed up: Congress and Trump are going to pay for the border wall now with existing legislation, and then try to get Mexico to pay us back. Trump previously said he'll freeze remittances to get Mexico to pay for it. Mexico says that isn't happening, but they're also adapting to Trump's win.

What's new: By adding the cost of the wall to the renegotiation of NAFTA that Trump has promised, he's adding one more potential way to go after them. MIT has estimated the price tag of a full wall at between $27-40 billion.

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

Go deeperArrowUpdated 3 hours ago - Health

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.