Good morning. 🇺🇸 Election 2020: After low turnout in Tulsa, a "broad group" of President Donald Trump's advisers and associates concede that he might be on course to lose to Joe Biden in November, NYT's Maggie Haberman and Annie Karni report.

📚 What's next: The John Bolton publicity tour is underway. "The Room Where It Happened" is set to publish on Tuesday. More than 200,000 copies have already shipped.

Join the Market: 🗞️ Newsletter | 🎙️ Podcast

Bloomberg/Getty

WWDC 2020

Tim Cook courts developers amid App Store tensions

Moving the Market: Tim Cook will kick off Apple's annual Worldwide Developers Conference today amid mounting tensions with developers over the 30 percent fee that Apple extracts for some app subscriptions and in-app purchases.

• Those tensions, which we explored at length on Friday, have been exacerbated by Apple's public dispute with Basecamp and other apps, criticism from rivals like Microsoft and lawmakers like Rep. David Cicilline, as well as a pair of antirust probes in Europe.

• Apple is unlikely to announce any changes to its longstanding 30 percent revenue policy at WWDC, but it will seek to impress the value of the App Store on developers while touting the $519 billion in billings and sales the App Store generated last year.

The big picture: "The third-party developers fuel a services business that generated more than $46 billion for Apple in its last fiscal year, almost 18% of the iPhone maker’s total revenue," Bloomberg's Mark Gurman reports. The 2 million apps "also give consumers reasons to buy Apple’s hardware."

What's next: Some of the most highly anticipated announcements include possibly "opening up iOS further to third-party apps, letting users change their default mail app and web browser," Gurman writes. Plus...

• "Updates to the HomePod speaker, including adding the ability to use third-party music services such as those offered by Spotify."

• "The ability for the iPhone to serve as a car key."

• "A new feature that works like Google Translate."

• "Upgraded tools for... augmented reality apps."

Big in business: Apple's WWDC, always a high-profile event, will be closely watched by other companies looking for cues on how to hold virtual conferences in the COVID-19 era.

Chip Somodevilla/Getty

The goss

The Trump-Zuckerberg dinner, con't.

Big in the Bay, big in the Beltway: NYT's Ben Smith uses his latest column to provide some additional details on Mark Zuckerberg, Peter Thiel and President Donald Trump's October 2019 dinner, which my colleague Ben Collins and I broke the news on seven months back:

• "Jared Kushner, pulled together the dinner... The guest list included Mr. Thiel, a Trump supporter, and his husband, Matt Danzeisen; Melania Trump; Mr. Kushner; and Ivanka Trump. The president... did most of the talking. The atmosphere was convivial."

Smith also floats a theory, which is that Zuckerberg and Trump may have struck some sort of secret deal wherein the president agreed to withhold threats of lawsuits and regulation if Facebook left his controversial posts and political ads alone.

• "Looming over the private dinner is a question: Did Mr. Trump and Mr. Zuckerberg reach some kind of accommodation? ... Both men are getting what they want, and it’s fair to wonder whether this is a mere alignment of interests or something more."

Fair to wonder, but Smith doesn't actually have any evidence of a secret deal (though the readily available Facebook critic Roger McNamee has his suspicions!). But anyway, Smith seems to resolve those suspicions a few paragraphs later:

• "It’s hard to imagine that anyone — certainly not Mr. Zuckerberg — would be dumb enough to make a secret deal with a president known for keeping neither secrets nor deals."

The big picture: What'd they eat?

Market Links

• Jeff Shell breaks with NBC conventions (WSJ)

• Sridhar Ramaswamy takes aim at Google (NYT)

• Christian Seifert sees smaller Bundesliga return (NYT)

• Adam Aron backtracks on mask requirements (NYT)

• TikTok teens take credit for Trump's flat rally (NBC)

🛩️ What's next: Read Daily Beast's Mark Harris on Sergey Brin's "secretive disaster charity," which uses, drones, super-yachts and a gigantic airship "to rapidly deliver humanitarian assistance during high-profile disasters."

See you tomorrow.