Rep. Alexandria Ocasio-Cortez (D-N.Y.) at the State of the Union address. Photo: Alex Wong/Getty Images

Rep. Alexandria Ocasio-Cortez (D-N.Y.) addressed President Trump's State of the Union vow that "America will never be a socialist country" after the speech Tuesday, telling reporters, per HuffPost, "I think it was great. I think he's scared. ... He knows he's losing the battle of public opinion when it comes to the actual substantive proposals that we're advancing to the public."

The backdrop: Ocasio-Cortez has proposed one of the most radical tax ideas from the new Democratic House majority — a 70% marginal rate on income earned over $10 million. But recent polling suggests that the public might largely be on her side as 76% of Americans favor higher taxes on the wealthy, according to a Politico/Morning Consult poll released earlier this week.

Go deeper: Gen Z prefers "socialism" to "capitalism"

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Dion Rabouin, author of Markets
33 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
37 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.