Photo: Chip Somodevilla/Getty Images

Michael Cohen directed an attorney to hold a discussion with President Trump's lawyers about the possibility of obtaining a presidential pardon, the Wall Street Journal reported Wednesday evening.

Why it matters: The report contradicts a statement Trump's former personal lawyer Cohen gave to the House Oversight Committee during testimony. "I have never asked for, nor would I accept, a pardon from Mr. Trump," he said last week. But Cohen's lawyer Lanny Davis told the Journal Trump's former fixer had directed one of his previous attorneys to "explore possibilities of a pardon at one point with Trump lawyer Rudy Giuliani as well as other lawyers advising President Trump" after the FBI raided his properties.

Go deeper: Rudy Giuliani says lawyers asked him about Trump pardoning their clients

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U.S. economy adds 1.8 million jobs in July

Photo: Alexi Rosenfeld/Getty Images

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The pace of job growth slowed significantly, suggesting a stalled recovery as coronavirus cases surged and states pulled back on reopening plans.

27 mins ago - Sports

The pandemic's impact on how sports are played

Damian Lillard shoots a free throw during one of the NBA's restart games. Photo: Mike Ehrmann/Getty Images

Sports are back, and on the surface, the actual gameplay looks fairly similar to when we last saw them.

But beneath that facade of normalcy lie some interesting trends spurred on by fan-less environments, long layoffs and condensed schedules.

A soaring Nasdaq is just one slice of the buy-anything market

Illustration: Aïda Amer/Axios

The Nasdaq closed above 11,000 for the first time on Thursday, ending the session higher for the seventh time in a row and eighth session in nine. It has gained nearly 10% since July 1.

Why it matters: It's not just tech stocks that have rallied recently. Just about every asset class has jumped in the third quarter, including many that typically have negative or inverse correlations to each other.