Good Wednesday morning. Apparently President Trump was serious about wanting the U.S. to buy Greenland: He called off a state visit to Denmark after the Nordic country’s prime minister said that the island wasn’t for sale. (Was this email forwarded to you? Sign up here.)

Why Trump admitted that he’s exploring tax cuts

President Trump confirmed yesterday that he is considering tax reductions, after White House officials denied the idea. The reason: The U.S. economy might need the extra help.

Mr. Trump said he’s weighing cuts to payroll taxes and capital gains taxes. He claimed that it’s not because he is worried about a recession, and argued that the U.S. economy remains “incredible.”

But he surely sees warning signs in many of his favored economic indicators:

• Private nonresidential fixed investment has dropped well below its 2018 peak.

• The growth rate for companies’ investments in new equipment is just under 1 percent.