Hi, I'm Dan Pramak and welcome to Axios Recap, presented by Bridge Bank.

Be safe, venture wisely.

Today's Thursday, September 3rd.

The Dow is way down, the trade deficit is up to a 12-year high, and we're focused on election

night chaos.

America is exactly two months away from Election Day, and it's shaping up to be a train wreck.

That's true no matter which presidential candidate you support.

The big issue is that all of us have been conditioned to expect a winner on election night,

or at worst by the next morning. But that's highly

unlikely in 2020 due to the expected surge of mail-in votes. In some states, like Michigan,

local law prevents election officials from opening any ballot envelopes until election day

itself. Earlier this week, the head of Mike Bloomberg's tech firm told Axios on HBO that his modeling

shows Trump looking like the clear winner on election night due primarily to physical votes,

but that Biden would actually win when all the mail-in votes are tallied, maybe a week or so later.

Trump's reaction to that projection was to tweet out, quote,

rigged election with a question mark, even though the interview said nothing of the sort.

And then yesterday, the president suggested North Carolina voters should vote twice, once via

mail and once in person, even though that would be illegal. In short, Trump is telling

his supporters not to believe the results if they change, even though that would be illegal. In short, Trump is telling his supporters not to believe the results

if they change, even though common sense says that change should be expected, in one direction or the other.

One solution to this pending chaos could be for states to simply not report any results

until they've counted all or most of the mail-in votes. But so far, there seems to be

...