AFL-CIO President Richard Trumka / American Federation of Government Employees

AFL-CIO President Richard Trumka gave Axios an exclusive look at an agenda-setting speech the labor leader will deliver at 12:30 p.m. at a National Press Club luncheon. He told us President Trump is "throwing a lot of balls," pointing to the lack of progress renegotiating trade deals, and administrative actions like its attempts to eliminate fiduciary requirements for retirement investment advisors

Here's what we can expect from the movement in the Trump era:

  • Working both parties: Trumka will call out both "corporate Republicans" and "neoliberal Democrats" for policies, like free trade deals, that he says has shifted economic power from workers to corporations.
  • Holding Trump's feet to the fire: Trumka says 36% of AFL-CIO voters went for Trump — 3 points more than Mitt Romney. One of Trumka's top priorities will be to directly communicate with members to make sure Trump can't count on over-performing with union voters in the next election if his actions don't deserve it.
  • Pushing for radical rethink on collective bargaining: Trumka wants to reform the law so that every worker has the right to collectively bargain with one or more coworkers, regardless of whether a union has been recognized.

Go deeper

Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.

Updated 50 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 10,902,347 — Total deaths: 521,940 — Total recoveries — 5,777,662Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,739,879 — Total deaths: 128,740 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.