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Trump before the beginning of the "Reforming the United Nations" meeting Monday at UN headquarters. Photo: Evan Vucci / AP

President Trump's speech Tuesday before the UN General Assembly will focus on North Korea's "destabilizing, hostile, and dangerous behavior," as well as the threat posed by Iran, a senior administration official told reporters on Monday.

Although the official would not go into details on what specific actions Trump will ask other nations to take with regard to the two countries, the official said Trump will stress that "nations cannot be bystanders to history." North Korea is a "shared menace" that will "only become more formidable" if nations don't do anything, the official said in a preview of the speech.

Why we're watching: Because the whole world will be, including North Korea and Iran.

  • Trump's rhetoric has prompted responses from North Korea before — remember Trump threatening "fire and fury" and, hours later, North Korea threatening Guam?
  • Iran will be watching to see if Trump will drop hints about whether the U.S. will re-certify the nuclear deal next month.
  • Trump will also discuss the crisis in Venezuela, and terrorism "will be a major focus of the speech."

A few key themes to expect from Trump's speech:

  • Trump will be calling on other nations to face common threats together, and "not because some global bureaucracy is structuring action, but because independent nations…need to confront these challenges."
  • Trump will stress burden-sharing, as he did when he addressed a NATO summit.
  • Sovereignty will also be front-and-center, since, per the official, "all countries that are sovereign can put the needs of their own citizens first," which gives them a "rational basis" to cooperate with other countries.

Our thought bubble: That sounds like America First on a global scale.

Go deeper

2 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
7 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.

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