Mar 2, 2017

Big in Business: Trump v the WTO

The Trump Administration is circulating a report outlining the goals and methods of its trade policy. It keeps open the possibility that the U.S. would ignore World Trade Organization rulings that work against America's favor, and potentially engage in practices prohibited by the WTO if those methods give the U.S. the leverage it needs to open foreign markets.

Interest on debt heads higher: Yields on 2-year Treasury bonds rose to their highest rate since 2009 on Wednesday, as investors bet that an accelerating economy will cause interest rates to rise. But this also means that the feds are paying more to borrow money. Rising rates are what the CBO assumes in its budget projections, which should not comfort Republicans if they are considering deficit spending as one way to pay for the President's ambitious agenda:

Source: Congressional Budget Office

Soaring markets: Stocks had their best day of the year on Wednesday on optimism that the President will achieve much of his stimulative agenda given the political skill he showed in his Tuesday speech. The Dow Jones rose 303 points of 1.46% on the day, with the S&P and Nasdaq each gaining 1.37%% and 1.35%, respectively.

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George Floyd updates

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.

Why it matters: Twelve days of nationwide protest in the U.S. has built pressure for states to make changes on what kind of force law enforcement can use on civilians and prompted officials to review police conduct. A memorial service was held for Floyd in Raeford, North Carolina, near where he was born. Gov. Roy Cooper ordered all flags to fly at half-staff to honor him until sunset.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 6,889,889 — Total deaths: 399,642 — Total recoveries — 3,085,326Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 1,920,061 — Total deaths: 109,802 — Total recoveries: 500,849 — Total tested: 19,778,873Map.
  3. Public health: Why the pandemic is hitting minorities harder — Coronavirus curve rises in FloridaHow racism threatens the response to the pandemic Some people are drinking and inhaling cleaning products in attempt to fight the virus.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model.
  5. Business: Budgets busted by coronavirus make it harder for cities to address inequality Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.
Updated 5 hours ago - World

In photos: People around the world rally against racism

Despite a ban on large gatherings implemented in response to the coronavirus pandemic, protesters rally against racism in front of the American Embassy in Paris on June 6. Photo: Julien Mattia/Anadolu Agency via Getty Images

Tens of thousands of people have continued to rally in cities across the world against racism and show their support this week for U.S. demonstrators protesting the death in police custody of George Floyd.

Why it matters: The tense situation in the U.S. has brought the discussion of racism and discrimination onto the global stage at a time when most of the world is consumed by the novel coronavirus.