Ron Sachs / Pool via CNP, Evan Vucci / AP

Articles from the Washington Post and Financial Times take a look at the back stories of two of the West Wing's wealthiest and influential members of the White House: Steve Bannon and Reed Cordish.

  • Inside the Bannon machine: "Bannon was able to produce more than a dozen conservative documentaries over the past decade by drawing on a network of two dozen nonprofit organizations and private companies." ... "Bannon, who had already made millions on Wall Street, often was paid in multiple ways for each project — a common practice in Hollywood, where he had worked as an entertainment financier."
  • Reed Cordish family: FT's Gary Silverman explains how rival-turned friend David Cordish is now the Trump's kind of dealmaker: "David Cordish once made an enemy of Donald Trump over plans to develop two casinos in Florida. But his son is now a senior figure in the White House."
  • "The Cordish family's relations with government have grown more complicated now that Reed Cordish, 42, has left the family business ... to serve as Mr. Trump's assistant for intergovernmental and technology initiatives and a member of the White House Office of American Innovation. 'We miss him,' his father says. 'Anytime the president wants to send him back, we'll take him.'"

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Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 19,128,901 — Total deaths: 715,555— Total recoveries — 11,591,028Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 4,884,406 — Total deaths: 160,111 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Trump floats executive action even if stimulus deal is reached.
  4. Business: U.S. economy adds 1.8 million jobs in July — Household debt and credit delinquencies dropped in Q2.
  5. Sports: The pandemic's impact on how sports are played.
  6. 1 🎮 thing: Video gaming growth soars.

Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

45 mins ago - Technology

TikTok responds to Trump executive order: "We are shocked"

Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."