Stories by Justin Green

Rain makes corn — until it doesn't

Flooding on farms
Water pools in rain-soaked farm fields on May 29 near Gardner, Illinois. Photo: Scott Olson/Getty Images

The wettest 12 months in recorded U.S. history have exacted a price — millions of acres of waterlogged fields remain unplanted during the worst farm crisis since the '80s.

Why it matters: Agriculture is used to boom-bust cycles. What's less common is the bust coinciding with historic trade wars.

A brief list of better questions for billionaire presidential candidates

Illustration of question mark with a cheerio as the dot.
Illustration: Sarah Grillo/Axios

Howard Schultz sounded stumped last week when asked the price of a staple that wasn’t coffee — a reminder of the campaign-trail hazards for billionaires trying to project a common touch.

What happened: Mika Brzezinski asked Schultz on MSNBC's "Morning Joe": “How much does an 18 ounce box of Cheerios cost?" Schultz responded: "An 18 ounce box of Cheerios? I don’t eat Cheerios." Spoiler: They're about 4 bucks at Walmart.

Wall Street's not so Merry Christmas

New York Stock Exchange. Photo: Drew Angerer/Getty Images

The Dow had its worst Christmas Eve ever, dropping 653 points to close at 21,792 — and all 11 of the S&P 500 sectors are now in negative territory in 2018, Bloomberg reports.

Why it matters: Treasury Secretary Steven Mnuchin's unsettling weekend statement that the big banks have enough liquidity clearly didn't calm anyone down.