Martin Meissner / AP

General Motors is considering a sale of its European Opel unit to the French automaker Peugeot, the firm said yesterday. It's a move that could knock the carmaker out of its position as top-five auto manufacturer by volume, behind the likes of NIssan. But CEO Mary Barra is willing to take that risk, given that it's been a money losing operation for years. It's an example of Barra bucking the conventional wisdom that carmakers need massive scale to survive — she wants profit margins over volume.

Janet Yellen, round two: The Federal Reserve Chair will give testimony and face questions from the House Financial Services committee this morning, after spending time with the Senate Banking Committee yesterday. There's always more fireworks in the House than the more cordial Senate — look for tough questioning, on the topic of bank regulation specifically

Goldman hits new highs: Goldman Sachs stock touched a new record high Tuesday, its first in ten years. It's been a good year for Goldman Sachs, whose alumni are staffing the Trump Administration at an impressive rate. Investors bought up the bank's stock yesterday on improved economic metrics and the hope that coming financial regulatory reform will boost profits.

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Trump's outdoor New Hampshire rally postponed due to weather

Photo: Win McNamee/Getty Images

President Trump's outdoor campaign rally in Portsmouth, N.H., slated to take place on Saturday, was postponed on Friday due to weather, a senior White House official confirmed to Axios.

The state of play: Press Secretary Kayleigh McEnany told reporters on Air Force One that storms were in the forecast and that the event would take place in "a week or two" instead. The outdoor rally — which had encouraged the use of face masks — was scheduled after sparse attendance at Trump's indoor comeback to the campaign trail in Tulsa.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 12,294,117 — Total deaths: 555,531 — Total recoveries — 6,761,933Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 3,118,168 — Total deaths: 133,291 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: The U.S.' new default strategy: herd immunity.
  4. Business: The pandemic is driving a second jobs apocalypse.
  5. ✈️ Travel: Airlines say air quality, cleanliness lower risk.
  6. Sports: Sen. Richard Blumenthal calls on colleges to cancel fall sports.

Biden's big economic plan plays it down the middle for Democrats

Illustration: Aïda Amer/Axios

Joe Biden yesterday laid out the broad strokes of his economic policy platform, which seemingly is designed to not freak out centrists and not piss off progressives.

Why it matters: Biden has a better-than-even shot of becoming the next president, which means his tax plans could become everyone's tax bills.