Good Tuesday morning. I'm Anna Palmer and welcome to your Politico Playbook Audio Briefing, sponsored by BP.

And I'm Jake Sherman. Donald Trump will officially launch his 2020 campaign in Orlando tonight.

He does so amid signs of unease in his own camp about his electoral prospects, despite what any other president would be touting as an enviable record.

There are two ways to look at the political

climate in Trump's Washington. The pro-Trump world. As the president and his allies see it,

a second term should be his for the taking. After all, the economy is solid, inflation is low,

and growth is chugging along despite some warning signs. The United States has not entered any

new wars on Trump's watch, and America's even

speaking to old adversaries. His base is with him, and tonight's rally in Florida will draw tens of

thousands of people in a critical part of a crucial 2020 state. Despite withering pressure

from investigations on the Hill at DOJ and New York, Republicans are not abandoning the president.

And then there's the anti-Trump world.

Trump's foes are just as certain he's going to lose.

Trade wars with Mexico and China are hurting farmers in the Midwest and pushing up prices for

everyone else.

A surge of migrants from Central America has swamped the border.

The United States could be dragged into a war with Iran at any moment now.

And talks with North Korea have stalled.

Internal Trump polling shows the president trailing in key battleground states he needs to win.

With numbers so bad, Trump fired some of his campaign's pollsters.

He's losing to almost every single Democratic candidate.

Impeachment looms on the horizon, and should that happen, some Republicans could begin jumping ship to save themselves.

...