North Korean leader Kim Jong-un and South Korean President Moon Jae-in embrace after signing declaration for peace. Photo: Korea Summit Press Pool/Getty Images

CFR President Richard Haass, who just months ago had seen a 50/50 chance of U.S. war with North Korea, says Friday's historic summit between North and South Korean leaders means that chance has "clearly come way down."

Be smart: Only months ago, West Wing aides told us that war with North Korea was even more likely than it looked publicly.

  • It's hard to overstate how much worry and pessimism there was about this behind the scenes, even as other Trump controversies dominated public attention.
  • Trump, who can be expected to claim credit for the denuclearization announcement, tweeted: "KOREAN WAR TO END! The United States, and all of its GREAT people, should be very proud of what is now taking place in Korea!"

But, but, but ... Haass tells me: “Quite the morning.  But too soon to

Analysts quickly gave Trump credit for helping set the stage for the choreography of peace, with his agreement to an upcoming meeting with North Korea's Kim Jong-un.

  • Eruasia Group's Ian Bremmer tweeted: "Trump snapped the ball and the Koreans are running with it."
  • Bremmer also tweeted that Trump plus the leaders of China and North and South Korea "together get my vote for the Nobel Peace Prize."

Why it matters: Bremmer told me: "[T]his is the first major positive geopolitical development all year."

  • Bremmer added that it’s hard to see the U.S. "credibly threatening military preemption when peace is breaking out across the peninsula. which is precisely the point."

The N.Y. Times' Peter Baker said on MSNBC's "Morning Joe" said it's an exhilarating moment of hope in "this final chapter, in effect, of the Cold War."

  • Baker said Trump will "make the case that it was his pressure — the 'maximum pressure' campaign — as he liked to call it that brought North Korea to the table."

Go deeper

President Trump's suburbs

Photo illustration: Annelise Capossela/Axios. Photo: Tom Williams/CQ Roll Call.

President Trump cast an outdated vision of "the 'suburban housewife'" as he swiped this week at Joe Biden's newly minted running mate Kamala Harris — building on his months-long play to drive a wedge through battleground-state suburbs by reframing white voters' expectations.

The big picture: As he struggles to find an attack that will stick against the Biden campaign, Trump for a while now has been stoking fears of lawless cities and an end to what he's called the “Suburban Lifestyle Dream.” It’s a playbook from the ‘70s and ‘80s — but the suburbs have changed a lot since then.

Trump tightens screws on ByteDance to sell Tiktok

Illustration: Aïda Amer/Axios

President Trump added more pressure Friday night on China-based TikTok parent ByteDance to exit the U.S., ordering it to divest all assets related to the U.S. operation of TikTok within 90 days.

Between the lines: The order means ByteDance must be wholly disentangled from TikTok in the U.S. by November. Trump had previously ordered TikTok banned if ByteDance hadn't struck a deal within 45 days. The new order likely means ByteDance has just another 45 days after that to fully close the deal, one White House source told Axios.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 21,056,850 — Total deaths: 762,293— Total recoveries: 13,100,902Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m ET: 5,306,215 — Total deaths: 168,334 — Total recoveries: 1,796,309 — Total tests: 65,676,624Map.
  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health — FDA releases first-ever list of medical supplies in shortage.
  4. States: California passes 600,000 confirmed coronavirus cases.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  7. Politics: Biden signals fall strategy with new ads.