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On Wednesday morning, Axios co-founder & CEO Jim VandeHei discussed the economic fallout of COVID-19 with the founder of Humanity Forward and former 2020 Democratic presidential candidate Andrew Yang, covering the stimulus package, job loss and data privacy.

  • Andrew Yang on the long-term effects of job loss: “A lot of people who lost their jobs are never going to see their jobs again…We’re going to see 10 years' worth of change in 10 weeks."
  • Andrew Yang on the need for increased financial support: "[The government] needs to make very dramatic moves to allow millions of Americans to have, frankly, the knowledge that they can feed their families in the days to come."
  • He didn't rule out a run for New York City mayor in 2021, saying he "wants to help solve the problems that are coming down the pike."

In a View from the Top segment, Jim VandeHei was joined by Vault12 Co-founder and CEO, Max Skibinsky to discuss the impact of coronavirus on consumer privacy.

  • Max Skibinsky on the coming shifts around privacy: "In the next couple of years we're going to see a massive clash between people's desire for privacy and governments' around the world much greater desire for surveillance."

Axios Business Editor Dan Primack and Credit Karma founder and CEO Kenneth Lin unpacked the future of financial security, honing in on how consumers can be proactive with their finances.

  • Kenneth Lin on empowering consumers: "Consumers are hopelessly outgunned in many ways...banks and financial services companies have so much data…and we’ve always tried to level the playing field."
  • Kenneth Lin on whether our financial data and our health data could be merged to make lending decisions: “It’s pretty far off because of data privacy and protection…but there will be a moment in time where consumers will have control of their financial data.”

In the concluding 'Why it Matters' segment, Jim VandeHei and Dan Primack answered reader questions, discussing industry-specific impacts.

  • Dan Primack on business operations: "Flying could be the biggest change for companies in rethinking how they operate in the wake of the pandemic...Business travel is one thing that's definitely going to change."

Thank you Vault12 for sponsoring this event.

Go deeper

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Empire State Building among hundreds to light up in Biden inauguration coronavirus tribute.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.

Biden Cabinet confirmation schedule: When to watch hearings

Joe Biden and Kamala Harris on Jan. 16 in Wilmington, Delaware. Photo: Angela Weiss/AFP via Getty Images

The first hearings for President-elect Joe Biden's Cabinet nominations begin on Tuesday, with testimony from his picks to lead the departments of State, Homeland and Defense.

Why it matters: It's been a slow start for a process that usually takes place days or weeks earlier for incoming presidents. The first slate of nominees will appear on Tuesday before a Republican-controlled Senate, but that will change once the new Democratic senators-elect from Georgia are sworn in.