Good morning. Welcome to Axios today. It's Friday, July 24th. I'm Niala Boodoo.

Here's how we're making you smarter today. How President Trump is bending DHS to his will.

Plus, the new artificial intelligence that could be just as groundbreaking as the iPhone.

First, though, dispelling American myths about the racial wealth gap is today's one big thing.

Ideas about the racial wealth gap have been around for a long time and the narrative has been

that if black Americans worked hard, valued education and invested in themselves that

wealth gap could close. But as Exeuses markets editor Dionne Reboin writes, many of these causes and

solutions fall apart when you look at the details. A lot of this stuff was

was stuff I didn't know when I started, but it makes very clear that it's not about personal responsibility or, you know, more

financial literacy or education or any of that. And so I wanted to put something together where there were facts and figures and very clear data that show exactly what's really happening, what's been happening, and the results of all of that?

So Dion, what did you find when you looked into this?

When we talk about wealth, it's important to understand that it's not just income,

it's not just how much money you make.

It's also the things that you own. And when your family has more money you can have more

money and then your kids can have more money and that just starts this cycle that

black Americans have been left out of for literally generations.

The top 10% of white households have $1.8 million worth of wealth.

The top 10% of black households have about $340,000 worth of wealth.

And it goes that way, you know, all the way down

and at basically every income level that you look at.

So Dan, let's talk about education,

because traditionally in America, a college education

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