Former CIA Director John Brennan told NBC News' Chuck Todd on Sunday that Saudi Arabian Crown Prince Mohammed bin Salman (MBS) has been given "increased confidence" by his relationship with the White House, which may explain his alleged action against journalist Jamal Khashoggi.

The big picture: The White House is still considering responses to the disappearance and potential murder of Khashoggi at the hands of Saudi Arabia. Trump said there would be "severe punishment" if the kingdom is found to be at fault, but has been vocally opposed to cutting off arms deals. Brennan said Trump is "siding up to authoritarian leaders around the globe ... condemnation of the press that's critical of him, [and] continued dishonesty and denials of reality ... has encouraged MBS to go along this road."

Chief White House economic adviser Larry Kudlow

Kudlow told ABC News' George Stephanopoulos that Treasury Secretary Steven Mnuchin is waiting to see what else comes out about Khashoggi, but still plans to attend the Saudi investment conference — despite many other participants pulling out in protest.

"At the moment, he is intending to go because of the importance of the issue of ending terror financing. ... Mr. Mnuchin will make up his mind as the week progresses and as new information surfaces."
Senator Marco Rubio

Rubio told CNN's Jake Tapper that Mnuchin should not go to the conference and pretend it's "business as usual," and a weak response from the U.S. could undermine the U.S.' "ability to stand for morality and human rights all over the world."

"I don't think any of our government officials should be going and pretending as it's business as usual, until we know exactly what's happened here."
Senator Bernie Sanders

Sanders, a frequent critic of the U.S.' support of the Saudis in the war in Yemen, also told Tapper there has to be sanctions and a stopping of arms sales.

"We cannot have an ally who murders in cold blood. ... I think one of the strongest things we can do is not only stop military sales, not only put sanctions on Saudi Arabia, but most importantly, get out of this terrible, terrible war in Yemen.

Go deeper

Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.