The Note: Trump Takes on Clinton

— -- NOTABLES

--TRUMP TO DELIVER ‘BIG SPEECH’: Donald Trump is scheduled to deliver a speech in New York City today attacking Hillary Clinton. It will be a “big speech” to “discuss the failed policies and bad judgment of Crooked Hillary Clinton,” the presumptive Republican nominee tweeted yesterday. ABC’s JOHN SANTUCCI and CANDACE SMITH also note he’s also expected to attack former president Bill Clinton. http://abcn.ws/28LFnGm

--TRUMP TELLS DAVID MUIR HE’S ‘VERY HAPPY’ TO SELF-FUND’: Trump said yesterday that he is willing to spend tens of millions of dollars of his own fortune to self-fund his presidential campaign during the general election. “As far as I’m concerned I’d be very happy to continue to self-fund,” Trump said in an interview at Trump Tower with ABC News “World News Tonight” anchor DAVID MUIR. ABC’s MICHAEL FALCONE and VERONICA STRACQUALURSI report campaign finance reports released overnight show that Trump raised $3.1 million in May -- $2.2 million of which he loaned to the campaign. http://abcn.ws/28LYH2A

--CLINTON CALLS TRUMP ECONOMICS DANGEROUS: Hillary Clinton told supporters in Ohio yesterday that Trump would be dangerous for the economy and that just because he's spent his life as a businessman, voters shouldn't assume he's prepared to be president. "Trump would take us back to where we were before the crisis. He'd rig the economy for Wall Street again. Well, that will not happen on my watch," the presumptive Democratic nominee said referring to Trump's plan to "wipe out the tough rules" put on big banks after the 2008 recession. ABC’s LIZ KREUTZ and JOSH HASKELL report Secretary Clinton mentioned Massachusetts senator Elizabeth Warren numerous times during her speech and praised Warren's role in creating the consumer financial protection bureau, something Trump has said he would do away with. http://abcn.ws/28NkOqy

--ANALYSIS -- ABC’s RICK KLEIN: Don’t look now, but Donald Trump is putting together an actual, real-life campaign. He’s hiring new staffers, pushing out opposition research and rapid-response documents, even Tweeting more about the news than about personal grudges. Wednesday’s speech, laying out his anti-Clinton case, will be a major moment for a campaign in desperate need of a new storyline. It has the feel of a major campaign moment – a point where Trump can pivot toward effective messaging, or continue a spiral that he may not be able to end before his convention. Messaging and discipline is one thing, though, and fundraising is another. It’s hard to argue that internal machinations will matter for Trump unless he puts together the kinds of numbers he’ll need to be competitive in terms of advertising and organizing. Even if he were to self-fund, Trump’s promise to do this on his own is essentially hollow; he’ll need the Republican power base on board to compete with the Clinton machine.

DONALD TRUMP SITS DOWN WITH DAVID MUIR: MORE FROM THEIR TRUMP TOWER INTERVIEW.

--TRUMP RESPONDS TO HILLARY CLINTON’S CHARGES OF OUTSOURCING HIS PRODUCTS. Trump explained Tuesday why he has criticized American companies for taking jobs overseas, even though some of his own branded products are manufactured abroad. “Unfortunately my ties are made in China and I will say this, the hats -- ‘Make America Great Again’ -- I searched long and hard to find somebody that made the hats in this country,” Trump told ABC News’ David Muir. “I pay a lot more money. It is a very hard thing and it’s because they devalue their currency.” Trump called China “the number one abuser” but asserted that “virtually every country” the United States does business with makes it “impossible” for domestic companies to compete, ABC’s MICHAEL FALCONE, PAOLA CHAVEZ and VERONICA STRACQUALURSI have more. http://abcn.ws/28MMrlX

--NOTED: TRUMP SAYS HIS KIDS ‘PROBABLY’ WOULDN’T HAVE WHITE HOUSE JOBS. Trump’s children have long been a large part of his world; managing his businesses, alongside him advising his campaign, even traveling with him to rallies. But Tuesday, Trump said there’s one place where they likely won’t follow him; the White House. Muir asked the presumptive Republican nominee if there would be a role for eldest son Donald Jr. and daughter Ivanka in the White House. “Probably not,” Trump said. I would leave them to run the business and I think that’s what they really like doing and that’s what they’re doing now. They’re very much involved with the business along with my executives but probably not in the White House, no.” ABC’s CANDACE SMITH has more. http://abcn.ws/28NwFWC

--TRUMP: 'I DON’T KNOW MUCH' ABOUT HILLARY CLINTON’S RELIGION. During the interview with Muir, Trump was asked what he meant when earlier in the day he said: “We don’t know anything about Hillary in terms of religion.” Trump responded: “I don’t know much about her.” Muir followed up: “What would you like to know that you don’t know about Hillary Clinton?” “I just don’t know,” Trump said. “Somebody asked me the question. I didn’t bring it up. Somebody asked me the question. I said I don’t know much about her religion.” http://goo.gl/JLqLkR

YESTERDAY ON THE TRAIL with ABC’s VERONICA STRACQUALURSI

CLINTON OPENS UP LEAD OVER DONALD TRUMP IN FLORIDA, NEW POLL SHOWS. A new Quinnipiac University poll released Tuesday morning shows Hillary Clinton opening up a lead over Donald Trump in the key swing state of Florida. The presumptive Democratic nominee earned 47 percent support in the new poll vs. Trump at 39 percent, according to ABC’s RYAN STRUYK. In early May, Clinton and Trump were locked in a virtual tie. The change comes after Clinton became the presumptive nominee earlier this month, while Trump's campaign has stumbled in recent weeks. http://abcn.ws/28LvJTb

DONALD TRUMP SWEARS TO CHRISTIAN LEADERS ‘I’M SO ON YOUR SIDE’. Presumptive Republican nominee Donald Trump is making new efforts to reach out to Christian voters, introducing an evangelical advisory board and holding a private meeting Tuesday with religious leaders to recommend they pray to get “everybody out to vote.” ABC’s CANDACE SMITH, PAOLA CHAVEZ, VERONICA STRACQUALURSI note he also insisted that people shouldn’t be politically correct and pray for all leaders, because those same leaders are selling Christianity and evangelicals “down the tubes.” http://abcn.ws/28LTfNY

BY THE NUMBERS

--TRUMP ON PACE TO RAISE LESS MONEY THAN ALMOST ANY PRESIDENTIAL CANDIDATE IN MODERN ERA. As Donald Trump begins to dip his toe in the campaign-fundraising pool, new financial reports show he has a long way to go. He raised less money from donors in the month of May than any other major-party nominee since 2000. In his first month after changing tack and saying he would ask for donations to fund his general-election campaign, Trump raised $3.1 million in May — plus $2.2 million in loans from his personal wealth — compared with the $25.5 million Hillary Clinton took in last month, according to new campaign-finance reports filed with the Federal Election Commission earlier this month and released late Monday night. ABC’s CHRISTOPHER GOOD has more: http://abcn.ws/28Mvh5N

--TRUMP CAMPAIGN SPENT ONE IN SIX DOLLARS IN MAY FOR HIS PERSONAL OR BUSINESS USE. In the month of May, more than $1.1 million -- one in six dollars that Trump spent -- went to his own businesses, his family or himself, according to an ABC News analysis of new campaign finance records. This includes a $423,000 payment to his Mar-A-Lago resort and $349,000 to his airline Tag Air, ABC’s RYAN STRUYK notes. He also paid $125,000 to Trump Restaurants, LLC and $65,000 at two of his Florida golf courses. In total, $1,100,513 of the $6,735,026 he spent in May (16 percent) went to his own businesses, family or personal accounts. http://abcn.ws/28LOc09

IN CASE YOU MISSED IT

TRUMP OPEN TO CELEBRATING RAMADAN AT WHITE HOUSE, KEEPING PRIDE MONTH DECLARATION. Trump told ABC News’ Jonathan Karl that he is open to possibility of continuing to declare LGBT pride month and that “it wouldn’t bother” him to celebrate Ramadan with an Iftar dinner at the White House. Trump’s interview with ABC News came just days ahead of his private meeting in New York today with approximately 1,000 evangelical leaders –- some of whom are sure to disagree with Trump on one or both of the ideas. “I would look into it,” Trump said in an interview on Friday when asked if he’d continue declaring June as LGBT Pride Month, as President Obama has done. ABC’s JORDYN PHELPS has more. abcn.ws/28MFu3B

WHO’S TWEETING?

@MattMackowiak: Spencer Zwick: Romney raised $75M in May '12. Trump raised $3M in May '16. Asked to describe Trump's fundraising, he said, "in crisis" #wadr

@AlCardenasFL_DC: No money, no organization, no unity, no policy team.....Strategy: off to Scotland

@SalenaZitoTrib: Trump doesnt face same challenges in Pennsylvania of the new rising American electorate that he does in other states http://goo.gl/8dMQef

@mlcalderone: Trump having trouble hiring communications director: http://nyti.ms/28MaAc3 

@CNNPolitics: Why do dozens of GOP super PACs have the same official address? http://cnn.it/28OAlbm