Jan 30, 2017

Big in Business: Musk's dismay with Trump

Marcio Jose Sanchez / AP

Tesla CEO Elon Musk expressed his dismay over President Trump's refugee ban on Sunday, arguing on Twitter that a blanket ban "is not the best way to address the country's challenges." He also pledged to solicit amendments to the order from fellow CEOs on the President's Strategic and Policy Forum, and present those to the president.

European markets fear Marine Le Pen

A closely watched measure of market expectations is showing European investors bracing for a spike in stock-price volatility right around the first round of French presidential elections in April. Though experts believe that anti-immigrant, populist Marine Le Pen is a longshot, market participants aren't taking any chances.

Feeling the pinch of the border tax

The Wall Street Journal quotes Katherine Gold, chief executive of a 100-employee distributor of children's shoes and accessories, saying that the planned reform would, "put us out of business if we can't pass on [the tax to customers] immediately." Importers like Gold would owe much more tax under the Republican reform plan, which hopes to benefit companies that employ Americans, rather than foreigners. Expect to hear more such stories as tax reform heats up.

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Coronavirus cases rise, as more Americans on cruise confirmed ill

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

A U.S. public health official confirms more than 40 Americans on the Diamond Princess cruise ship off Japan have coronavirus, while the remaining U.S. citizens without symptoms are being evacuated.

The big picture: COVID-19 has now killed at least 1,770 people and infected almost 70,000 others. Most cases and all but five of the deaths have occurred in mainland China. Taiwan confirmed its first death on Sunday, per multiple reports, in a 61-year-old man with underlying health conditions. Health officials were investigating how he became ill.

Go deeperArrowUpdated 2 hours ago - Health

Scoop: Inside the Trump campaign's big hedge on Facebook

Illustration: Eniola Odetunde/Axios

The Trump campaign has invested most of its advertising budget to date on Facebook, testing thousands of versions of ads per day to maximize its spending.

But behind the scenes, a source familiar with the campaign tells Axios, the thinking has shifted: "As everyone can see, we still have strong spending on Facebook, but the percentage of our total media budget [on Facebook] is shrinking."

Trump's revenge tour has the House in its sights

Illustration: Aïda Amer/Axios. Photo: Saul Loeb/Getty Contributor

In the lead-up to the 2018 midterm elections — buoyed by Republican control of both chambers — President Trump viewed campaigning for the House as a lower-tier priority and instead poured his energy into rallying for the Senate.

But after the GOP reckoning in 2018, and experiencing firsthand how damaging a Democratic-led House has been to him, Trump is now personally invested in helping Republicans regain the majority in November, several people familiar with his thinking tell Axios.