Jul 3, 2019 - Economy & Business

June's private sector jobs report disappoints

The private sector added 102,000 jobs in June, fewer than the 140,000 economists expected, according to the ADP national employment report released on Wednesday.

Why it matters: It's a rebound from the 27,000 added in May, but still suggests that Friday's government jobs release — which includes public sector jobs, while ADP does not —might come in soft amid concerns that the job market may be slowing.

  • "The job market continues to throttle back. Job growth has slowed sharply in recent months, as businesses have turned more cautious in their hiring," Mark Zandi, chief economist of Moody’s Analytics, which releases the report alongside ADP, said in a press release.

Go deeper: The U.S. jobs market is starting to worry economists

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Dave Lawler
Updated 9 mins ago - World

At least 50 killed, 3,000 injured after massive explosion rocks Beirut

Photo: Anwar Amro/AFP via Getty Images

A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and injuring scores of people.

Driving the news: Lebanon's health minister said in televised remarks that more than 50 people have been killed and over 3,000 injured. Prime Minister Hassan Diab said the explosions occurred at a warehouse that had been storing 2,750 tons of ammonium nitrate for the past six years, per NBC.

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Sara Fischer
29 mins ago - Economy & Business

"Mulan" will head to Disney+, home to more than 60 million subscribers

An outdoor ad for Disney's "Mulan" in Hollywood, California. Photo: Rich Fury/Getty Images

Disney announced Tuesday that its most highly-anticipated blockbuster of the year, the live-action remake of "Mulan," is heading to Disney+ on Sept. 4 for consumers to purchase for a premium access fee of $29.99. The movie's theatrical debut had previously been delayed four times.

Why it matters: It's a huge blow to movie exhibitors across the country that were relying on the Disney hit to come exclusively to theaters for at least a few months before being made available to consumers at home via streaming.

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Axios
Updated 51 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 18,380,616 — Total deaths: 696,389 — Total recoveries — 10,973,850 — Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 4,751,853 — Total deaths: 156,301 — Total recoveries: 1,513,446 — Total tests: 57,543,852 — Map.
  3. States: New York City health commissioner resigns in protest of De Blasio's coronavirus response — Local governments go to war over schools.
  4. Public health: 59% of Americans support nationwide 2-week stay-at-home order in NPR poll.
  5. Politics: Trump's national security adviser returns to work after coronavirus recovery — Republicans push to expand small business loan program.
  6. Sports: Indy 500 to be held without fans — Rafael Nadal opts out of U.S. Open.
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