Updated Apr 29, 2019

Wall Street Democrats on 2020 field: "There’s tremendous fear."

Bernie Sanders and Elizabeth Warren. Photo: Bill Clark/CQ Roll Call

Wall Street Democrats are concerned about the fate of the nearly two dozen Democrats in the presidential circuit, New York magazine's Gabe Debenedetti writes for "Intelligencer" [Updated]:

One night in early April, roughly 20 of the Democratic Party’s highest-profile donors from the financial industry sat down over dinner to discuss how exactly they were feeling about the 2020 presidential race. ...
Convened by two veterans of liberal fund-raising — investors Steven Rattner and Blair Effron — the group [shared] notes on the overflowing field of candidates. But coming to some kind of consensus ... was a far-fetched proposition. .
"There’s tremendous fear," said one banker who was there.
The candidates who had long cultivated relationships with Wall Street — such as Cory Booker and Kirsten Gillibrand — were struggling to gain traction and had grown more hostile to finance as their party had, too.
Joe Biden ... had never, until a few months ago, maintained any meaningful relationship with Wall Street ...
Nearly everyone else in the field, the financiers felt, was being pulled leftward by Bernie Sanders ... and Elizabeth Warren ...
Kamala Harris was a favorite of many.

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

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Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.