Jul 4, 2017

U.S. believes North Korea tested an ICBM

This photo distributed by the North Korean government shows what was said to be the launch of a Hwasong-14 intercontinental ballistic missile, ICBM, in North Korea's northwest, Tuesday, July 4, 2017. Independent journalists were not given access to cover the event depicted in this photo. (Korean Central News Agency/Korea News Service via AP)

The missile test carried out by North Korea was of an intercontinental ballistic missile that could possibly reach Alaska, unidentified U.S. officials are telling Fox News, CNN and NBC News. CNN reported earlier that should it be determined to have been an ICBM test, any response to would be "measured" and could include sending more troops or aircraft to the region or imposing more sanctions.

Why this matters: A missile that could travel as many as 4,000 miles and hit Alaska represents continued progress by the North Koreans on their missile program and the achievement of a goal that President Trump had said in January "won't happen."

Go deeper: Axios Expert Voices on dealing with North Korea

Go deeper

The cost of going after Bloomberg

Illustration: Eniola Odetunde/Axios

Here's the growing dilemma for 2020 Democrats vying for a one-on-one showdown with frontrunner Bernie Sanders: Do they have the guts — and the money — to first stop Mike Bloomberg?

Why it matters: Joe Biden, Pete Buttigieg, Amy Klobuchar and Elizabeth Warren all must weigh the costs of punching Bloomberg where he looks most vulnerable: stop-and-frisk, charges of sexism, billionaire entitlement. The more zealous the attacks, the greater the risk he turns his campaign ATM against them.

How Trump’s economy stacks up

Source: "Presidents and US Economy", Trump figures through 2019 courtesy of Alan Blinder; Note: Data shows real GDP and Q1 growth in each term is attributed to the previous president; Chart: Axios Visuals

Average economic growth under President Trump has outpaced the growth under Barack Obama, but not all of his recent predecessors.

Why it matters: GDP is the most comprehensive economic scorecard — and something presidents, especially Trump, use as an example of success. And it's especially relevant since Trump is running for re-election on his economic record.

Coronavirus cases rise as 14 American evacuees infected

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

14 Americans evacuated from the Diamond Princess cruise ship tested positive for the novel coronavirus before being flown in a "specialist containment" on a plane repatriating U.S. citizens back home, the U.S. government said early Monday.

The big picture: COVID-19 has now killed at least 1,770 people and infected almost 70,000 others. Most cases and all but five of the deaths have occurred in mainland China. Taiwan confirmed its first death on Sunday, per multiple reports, in a 61-year-old man with underlying health conditions. Health officials were investigating how he became ill.

Go deeperArrowUpdated 2 hours ago - Health