Jan 24, 2017

CEOs don't know what to do with Trump

Pablo Martinez Monsivais / AP

As NYT's Andrew Ross Sorkin said, "For years, chief executive officers lived in fear they would become a target of the activist investor Carl Icahn. Now, they live in dread of a different and somewhat more unexpected kind of activist: President Donald J. Trump."

On one hand: CEOs of big companies are stoked for Trump's regulation slashing, corporate tax cutting approach to boosting the economy.

On the other: They fear Trump's market-crashing tweets.

The victims: Since November 9, Trump has gone after Boeing and Lockheed Martin for their expensive planes, as well as Carrier, Ford, Fiat Chrysler, GM and Toyota for moving jobs out of the U.S.

The biz meetings: Trump met today with Ford CEO Mark Fields, General Motors CEO Mary T. Barra and Fiat Chrysler CEO Sergio Marchionne to talk about creating more jobs in the U.S. He also met with 12 CEOs of major corporations on Monday, discussing his plans to cut 75% of business regulations.

Between the lines: Trump knows what businessmen want, but he also knows their tricks. He has set up several panels to get input from top execs, which is reassuring for companies. But his threatening Twitter tendencies terrifies them, which is possibly why several companies, including Amazon and SoftBank, have preemptively announced their plans to add jobs in the U.S.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 5,543,439 — Total deaths: 347,836 — Total recoveries — 2,266,394Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,669,040 — Total deaths: 98,426 — Total recoveries: 379,157 — Total tested: 14,604,942Map.
  3. Trump administration: Mike Pence's press secretary returns to work after beating coronavirus.
  4. States: New York reports lowest number of new coronavirus deaths since March.
  5. Public health: The final data for remdesivir is in and its benefits are rather limited.
  6. Education: A closer look at how colleges can reopenNotre Dame president says science alone "cannot provide the answer" to reopening.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 45 mins ago - Politics & Policy

Pentagon watchdog sidelined by Trump resigns

Fine testiying before the Senate Judiciary Committee in 2017. Photo: Drew Angerer/Getty Images

Glenn Fine, the Pentagon's principal deputy inspector general, submitted his resignation on Tuesday.

Why it matters: President Trump removed Fine as the Pentagon's acting inspector general in April 7 after a group of independent federal watchdogs selected him to lead the Pandemic Response Accountability Committee, which was set up to oversee the rollout of the $2 trillion coronavirus relief bill.

New York reports lowest number of daily coronavirus deaths since March

The number of daily new coronavirus cases and deaths reported in New York was the lowest since the state started its lockdown in March, Gov. Andrew Cuomo said Tuesday, calling Memorial Day a "pivot point" for New York.

By the numbers: 73 New Yorkers died from coronavirus in the past 24 hours, and 200 people tested positive. Hospitalizations and intubations also decreased.