Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Nicholas Kamm / AFP / Getty Images

During tonight's State of the Union address, President Trump will tell the American people that this is "our New American Moment," according to excerpts released by the White House.

More excerpts provided by the White House:

  • "Together, we are building a SAFE, STRONG, and PROUD America.
  • "We want every American to know the dignity of a hard day’s work; we want every child to be safe in their home at night, and we want every citizen to be proud of this land that we love.
  • "Just as I promised the American People from this podium 11 months ago, we enacted the biggest tax cuts and reform in American history.
  • "Our massive tax cuts provide tremendous relief for the Middle Class and small businesses.
  • "Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses – many of them thousands of dollars per worker. 
  • "This is our New American Moment.  There has never been a better time to start living the American dream.
  • "Tonight, I want to talk about what kind of future we are going to have, and what kind of nation we are going to be. All of us, together, as one team, one people, and one American family.
  • "Americans love their country. And they deserve a government that shows them the same love and loyalty in return.
  • "For the last year we have sought to restore the bonds of trust between our citizens and their government.
  • "In our drive to make Washington accountable, we have eliminated more regulations in our first year than any administration in history.
  • "We have ENDED the war on American Energy – and we have ENDED the War on CLEAN COAL.  We are now an exporter of energy to the world.
  • "America has also finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs and our nation’s wealth.
  • "America is a nation of builders. We built the Empire State Building in just one year – isn’t it a disgrace that it can now take ten years just to get a permit approved for a simple road?
  • "I am asking both parties to come together to give us the safe, fast, reliable, and modern infrastructure our economy needs and our people deserve.
  • "Struggling communities, especially immigrant communities, will also be helped by immigration policies that focus on the best interests of American Workers and American Families.
  • "So tonight I am extending an open hand to work with members of both parties, Democrats and Republicans, to protect our citizens, of every background, color, and creed.
  • "As we rebuild America’s strength and confidence at home, we are also restoring our strength and standing abroad.
  • "Last year I pledged that we would work with our allies to extinguish ISIS from the face of the earth. One year later, I’m proud to report that the coalition to defeat ISIS has liberated almost 100 percent of the territory once held by these killers in Iraq and Syria.  But there is much more work to be done. We will continue our fight until ISIS is defeated.
  • "Past experience has taught us that complacency and concessions only invite aggression and provocation. I will not repeat the mistakes of the past Administrations that got us into this dangerous position.

What he won't say according to Bloomberg News:

Go deeper

Updated 44 mins ago - Health

U.K. first nation to clear Pfizer coronavirus vaccine for mass rollout

A health care worker during the phase 3 COVID-19 vaccine trial by the Pfizer and BioNTech in Ankara, Turkey, in October. Photo: Dogukan Keskinkilic/Anadolu Agency via Getty Images

The United Kingdom's government announced Wednesday it's approved Pfizer-BioNTech's COVID-19 vaccine, which "will be made available across the U.K. from next week."

Why it matters: The U.K. has beaten the U.S. to become the first Western country to give emergency approval for a vaccine against a virus that's killed nearly 1.5 million people globally.

3 hours ago - World

NYT: Biden won't immediately remove U.S. tariffs on China

President-elect Joe Biden during an event in Wilmington, Delaware, on Tuesday. Photo: Alex Wong/Getty Images

President Trump's 25% tariffs imposed on China under the phase one trade deal will remain in place at the start of the new administration, President-elect Biden said in an interview with the New York Times published early Wednesday.

Details: "I'm not going to make any immediate moves, and the same applies to the tariffs," Biden said. He plans to conduct a full review of the current U.S. policy on China and speak with key allies in Asia and Europe to "develop a coherent strategy," he said.

Trump threatens to veto Defense spending bill over social media shield

Photo: Erin Schaff - Pool/Getty Images

President Trump tweeted Tuesday a threat to veto a must-pass end-of-year $740 billion bill defense-spending authorization bill unless Congress repeals a federal law that protects social media sites from legal liability.

Why it matters: Trump's attempt to get Congress to end the tech industry protections under Section 230 of the Communications Decency Act is the latest escalation in his war on tech giants over what he and some other Republicans perceive as bias against conservatives.