💭 Axios PM: Wall Street's dream candidate

⚜️ Plus: Party tourism | Wednesday, May 31, 2023

Open in app View in browser   Presented By Freight Rail Works   Axios PM By Mike Allen · May 31, 2023 🕶️ Hello, Wednesday happy hour! Today's PM — edited by Erica Pandey — is 698 words, a 2½-min. read. Thanks to Sheryl Miller for the copy edit.     1 big thing: Wall Street wants Dimon for prez Photo Illustration: Natalie Peeples/Axios. Photo: Cyril Marcilhacy/Bloomberg via Getty Images   JPMorgan Chase CEO Jamie Dimon hinted at a potential presidential run today, telling Bloomberg TV in Shanghai, China: "I love my country, and maybe one day I'll serve my country in one capacity or another." Dimon had pretty much ruled out running and said he believes he makes a positive difference in his current job. 💡Why it matters: The persistent energy and chatter around Dimon as a potential candidate reflects the business establishment's dismay with the current options, Axios' Alex Thompson writes. 🖼️ The big picture: Wall Street is dreading a rematch between Donald Trump and Joe Biden, and Dimon "recently got an earful from a fellow billionaire" who wishes he'd run, The Wall Street Journal reports (subscription). A former Obama Treasury official told Axios: "If you liked dreaming of Mike Bloomberg in the White House, you are going to love these Jamie Dimon comments. Many on Wall Street don't believe that the Biden White House has been very easy to navigate." 🐦 Bill Ackman, the billionaire investor, tweeted today that Dimon "is the kind of person our country deserves as our next leader." "Politically he is a centrist. He is pro-business and pro-free enterprise, but also supportive of well-designed social programs." Go deeper.     2. 🗳️ Axios interview: Tim Scott on being single Axios' Sophia Cai interviews Sen. Tim Scott in Washington today. Photo: Eric Lee/Axios If elected, Sen. Tim Scott (R-S.C.) would be America's first unmarried president since Grover Cleveland married in office in 1886 — 137 years ago. Asked about that today at an Axios News Shapers event — Scott's first onstage conversation since announcing his run last week — he told Sophia Cai: "To suggest that somehow being married or not married is going to be the determining factor whether or not you're a good president or not — it sounds like we're living in 1963 and not 2023." Scott mentioned that he has a girlfriend, but said, "I will not start a new family until I can support my mother in a position that I wanted to." Scott, 57, the only Black Republican in the Senate, spoke about his experience when he approached Republicans to run for county council in South Carolina. "They said, 'You know you Black, right?' ... I have seen a mirror." "'Yeah, you can run, but there's never been a Black person ... run as a Republican and been successful for anything countywide.' ... I, fortunately, won that race." "There is this evolution of the Southern heart that happened along the way, where people actually judge you not on the color of your skin, but on the content of your character," Scott added. "That was a dream [60] years ago. It's become more and more of a reality." Watch the interview.     A message from Freight Rail Works Safety is the engine that drives America's freight railroads     The freight train accident rate has decreased 28% since 2000 and the industry continues to innovate to lower it further. Here's how: Rail invests $23 billion a year into infrastructure and tech, improving safety across our 140,000-mile network. Learn how freight rail is getting safer every day.     3. Catch me up Data: Domain Name Stat. Chart: Alice Feng/Axios 🦾 It feels like every new startup is calling itself an AI company, and that's showing up in domain name registrations: Registrations of .ai domain names are up 156% over the past year. Go deeper. 🇺🇸 Former Vice President Pence will announce his presidential campaign in Des Moines on June 7. Go deeper. 🍦 Corey duBrowa will depart Google and parent Alphabet in June to be CEO of global public relations firm Burson Cohn & Wolfe (BCW), Axios' Eleanor Hawkins has learned.     4. 🎉 Party in the Big Easy Revelers take to Bourbon Street during Mardi Gras this year. Photo: Jon Cherry/Getty Images Cities around the world are sending stern-if-subtle messages to tourists: The party is over. Or at the very least, a little mellower. New Orleans is bucking the trend. As reins tighten elsewhere, New Orleans officials say they're keeping the lights on to boost tourism, Axios New Orleans co-author Chelsea Brasted writes. 🚫 You can't stay here: In Amsterdam, the Netherlands — a city long known for its tolerance of marijuana and hallucinogenic mushrooms — a new campaign asks debauchery-seeking tourists to "stay away." 🚓 Bans and curfews: Miami promoted a fitness campaign during spring break and banned takeaway alcohol after 6 p.m., Axios Miami co-author Martin Vassolo reported. ⚜️ In New Orleans, there seems to be little appetite for changing the messaging as the city's reputation grows beyond Bourbon Street, says New Orleans & Company president and CEO Walt Leger: "We will continue to welcome everyone with open arms." Share this story.     A message from Freight Rail Works Safety is the engine that drives America's freight railroads     The freight train accident rate has decreased 28% since 2000 and the industry continues to innovate to lower it further. Here's how: Rail invests $23 billion a year into infrastructure and tech, improving safety across our 140,000-mile network. Learn how freight rail is getting safer every day.   Are you a fan of this email format? Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it.   Axios thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Axios, 3100 Clarendon B‌lvd, Arlington VA 22201   You received this email because you signed up for newsletters from Axios. To stop receiving this newsletter, unsubscribe or manage your email preferences.   Was this email forwarded to you? 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