Feb 3, 2017

Big in Business: Trump's gaze turns to the financial sector

Evan Vucci / AP

Dodd-Frank and the fiduciary rule: Donald Trump plans to sign an executive action on Friday requesting that the Labor Secretary rescind a rule recently implemented that requires retirement advisors to act in the best interest of their clients. Trump is also expected to sign an executive order telling Treasury to put together a plan to unravel elements of Dodd-Frank.

Facebook and Amazon swing and miss: The two tech giants were poised to send stocks higher after Facebook released earnings Wednesday night and Amazon Thursday evening. But Amazon missed revenue estimates, and investors bailed — sending shares down 2.3%. Facebook was off to a promising start in after hours trading Wednesday night, but also disappointed yesterday, declining 2.29%.

Jobs day: At 8:30am we'll get the first estimate of jobs growth of the Trump era. Economists are expecting a reading of 175,000 new jobs and a 4.7% unemployment rate, but look for the wage growth data to understand whether the economic recovery is accelerating, and whether the Fed should raise rates sooner than later.

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Axios

Updated 31 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand Prime Minister Jacinda Ardern said it's too early to say whether next month's elections will be postponed after she announced Tuesday four people had tested positive for COVID-19 after no local cases for 102 days.

Zoom in: NZ's most populous city, Auckland, has gone on lockdown for 72 hours and the rest of the country is under lesser restrictions.

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Axios

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

Global: Total confirmed cases as of 8 p.m. ET: 20,188,678 — Total deaths: 738,668 — Total recoveries: 12,452,126 — Map.
U.S.: Total confirmed cases as of 8 p.m. ET: 5,138,850 — Total deaths: 164,480 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
States: Georgia reports 137 coronavirus deaths, setting new daily record — Florida reports another daily record for deaths.
Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
Business: Moderna reveals it may not hold patent rights for vaccine.
Sports: Big Ten scraps fall football season.

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Rashaan Ayesh

3 hours ago - Politics & Policy

Voters cast ballots in Minnesota, Georgia, Connecticut, Wisconsin and Vermont

Photo: Spencer Platt/Getty Images

Primary elections are being held on Tuesday in Minnesota, Georgia, Connecticut, Vermont and Wisconsin.

The big picture: Georgia and Wisconsin both struggled to hold primaries during the coronavirus pandemic, but are doing so again — testing their voting systems ahead of the general election. Rep. Ilhan Omar (D-Minn.) is facing a strong challenger as she fights for her political career. In Georgia, a Republican primary runoff pits a QAnon supporter against a hardline conservative.