Stef W. Kight

Millennials want to buy houses, but not save for them

Keith Srakocic / AP

Avocados aside, almost 80% of millennials plan to buy a home at some point, but aren't prepared for it, according to a study by Apartment List. The study also found that many millennials, especially those in metropolitan areas, significantly underestimate how much a down payment will cost them.

  • Almost 70% of 18- to 34-year-olds have saved less than $1K for a down payment.
  • 40% don't save at all on a monthly basis — even among 25-34 year olds who historically have owned or would be soon owning a home already.
  • Millennials making less than $24K typically save about 10% in general, while those who make more than $72K only save 3.5%.
  • Less than 30% of 25- to 34-year-olds can save enough for a 10% down payment in the next three years.

Why: In the survey, not being able to afford to buy a home was the biggest determent, followed by not being ready to settle down or waiting to get married. Student debt, rent and delayed careers due to the recession could all attribute to the affordability problem, as well as trends in urban areas to spend more on food and entertainment, Wall Street Journal points.out.


Appeals court upholds block on Trump travel ban

Ted S. Warren / AP

Thursday afternoon, a federal appeals court in Richmond upheld the nation-wide block on President Trump's travel ban, which prevented citizens of several majority-Muslim countries from traveling into the U.S.

Chief Judge Roger Gregory ruled that the order, "speaks with vague words of national security, but in context drips with religious intolerance, animus, and discrimination."

This is administration's second attempt at a travel ban. The first was blocked in February after it caused chaos in airports across the country.

What's next: Trump has threatened previously to take the fight over the ban to the Supreme Court, and it appears that's where the final ruling will be made.


Tiny, swallowable robots are the future of surgery


The Computer Science and Artificial Intelligence Laboratory at MIT has been working on a tiny, swallowable robot made with magnets and dried pig intestines, which could be controlled magnetically from outside the body to perform medical operations inside the body, Forbes reports. The device is folded up inside an ice capsule, which melts once it's in the stomach.

What it could do: Remove unwanted items from the stomach, patch wounds and administer medicine.

So far there have been no human tests. "There could be a minimum of six years to have a successful treatment for humans," MIT professor Daniela Rus told Forbes.

Trump’s week from hell was Facebook gold

Media companies published a record number of Trump-Russia stories last week, according to SocialFlow's study on 300+ news publishers on Facebook. The number of people who actually saw those stories on Facebook was second only to when BuzzFeed published an unverified Trump dossier in January.
More people liked or commented on Trump-Russia stories right after Michael Flynn was fired, but the reach during that time was not as high, meaning fewer people saw the story.

Data: SocialFlow; Chart: Chris Canipe / Axios

Key dates:

July 27: U.S. intelligence accuse Russians of orchestrating the DNC hacks.

November 9: The election.
January 11: Buzzfeed publishes the dossier on Trump's contacts with Russia.
February 14: Michael Flynn is fired.
Feb 24: There are reports about the White House asking senior intelligence officials to combat stories about Trump associates' contacts with Russia.
Feb 27: House members agree on how to go about the Russian probe.
March 2-5: There are reports of more contacts between Russians and Trump campaign staff
March 20: Comey confirms FBI investigating Trump contacts with Russia
March 31: Trump tweets: "Mike Flynn should ask for immunity in that this is a witch hunt (excuse for big election loss), by media & Dems, of historic proportion!"
April 7: Trump breaks from Russia in launching an attack on Syria in response to their use of chemical weapons on Syria.
May 8: Trump fires James Comey.
May 10: Trump meets with Russian officials.
May 15th-18th: Trump's leak of confidential information to Russian diplomats, Comey's memo, Flynn working to benefit Turkey.

All the bombshell Trump stories that broke this week

Rebecca Zisser / Axios

Even for the biggest political junkies, this week's twice-daily, jaw-dropping news scoops were hard to keep up with. The New York Times and Washington Post took turns dropping bombshell report after bombshell report on the President.

Some perspective: It was only two weeks and two days ago that President Trump, Mike Pence and Paul Ryan were celebrating outside the White House after passing the GOP's health care bill. It feels like a distant dream.

Monday night: New York Times reports that Trump had disclosed confidential information to the Russian ambassador during their meeting the week before. It was legal, but brought Trump's judgement and understanding of how to handle sensitive information into question.

Tuesday morning: New York Times announces that it was Israel's confidential information that Trump disclosed to Russia, who is allied with Iran — Israel's adversary. It also came out that Israel had been warned about giving the Trump administration this kind of information.

Tuesday night: The Washington Post reports that according to a memo written by Comey, Trump had asked the then-FBI Director to let go of the investigation into Flynn, claiming Flynn was a good guy.

Wednesday night: New York Times reports that the Trump team knew that Flynn was under investigation for failing to disclose that he had lobbied for Turkey. McClatchy reported that Flynn had delayed a plan to retake the ISIS stronghold in Raqqa — an attack that Turkey opposed.

Thursday morning: Reuters reports that the Trump campaign had 18 undisclosed contacts with Russians during the campaign.

Friday afternoon: New York Times reports that Trump also told the Russians that James Comey was a "nut job" and he was relieved to have fired him at their meeting earlier this month. The Washington Post reported that the FBI had identified a White House official close to Trump who is "a significant person of interest" for the Russia probe.


'MAGA' & other Trump slogans he didn't create

Jae C. Hong / AP

President Trump was not the first to use some of his most iconic phrases like "Make America great again" or "drain the swamp." In fact, he wasn't even the first U.S. president to use some of them:

Make America Great Again

Trump used the phrase as his campaign slogan. Red "MAGA" hats are now the most popular accessory for his supporters.

Ronald Reagan first used the phrase in 1980 on some of his campaign materials.

Bill Clinton also used the phrase a few times. "I want to attack these problems and make America great again," he said in an interview in 1992. And in 2008, he released a radio ad saying, "It's time for another comeback, time to make America great again. I know Hillary's the one that can do it."

Drain the swamp

Trump promised to "drain the swamp," or remove the toxic mix of big money and politics from D.C., toward the end of his campaign.

Reagan first used the phrase in 1983 in reference to limiting the power and growth of government.

Patrick Buchanan also used the phrase in 2000 for his acceptance speech as the Reform party's presidential nominee: "Neither Beltway party will drain this political swamp, because to them it is not a swamp; it is a protected wetland, their natural habitat."

The forgotten men and women

Trump: In his inaugural address, "the forgotten men and women of our country will be forgotten no longer," referring to those in middle America who elected him.

Richard Nixon used similar language during a campaign speech in San Francisco in 1968. He claimed that election day would be "a day of protest for the forgotten American" — the Americans who "obey the law, pay their taxes, go to church, send their children to school, love their country and demand new leadership."

America First

Trump has used "America First" to describe his foreign policy.

Kellyanne Conway wrote about "America First" in context of immigration back in 2014.

Before that the conservative politician Pat Buchanan used "America First!" as a presidential campaign slogan in 1992.

And before that, The America First Committee — formed by several Yale students, including Gerald Ford, in 1940 — protested U.S. involvement in World War II and, led by Charles Lindbergh, grew to 800,000 members nationwide, according to the Atlantic. Partly because of Lindbergh's views, the phrase has links to antisemitism.


Today's Trump Top 5: Two scoops for the road

Happy Friday! Welcome to today's Trump Top 5, brought to you by Axios for Apple News. For more, check out our news STREAM here.

1. Russia in the White House

Andrew Harnik / AP

The FBI's ongoing Russia probe has identified a White House official as "a significant person of interest," the Washington Post reported this afternoon.

WaPo's description: "The senior White House adviser under scrutiny by investigators is someone close to the president." Their sources would not identify the official any more than that. More, here.

2. "Nut job" Comey

Russian Foreign Ministry / AP

And yet another scoop from the NYT this afternoon, which reported that in addition to leaking confidential info, Trump told the Russians that getting rid of James Comey eased "great pressure" on him.

"I just fired the head of the F.B.I. He was crazy, a real nut job... I faced great pressure because of Russia. That's taken off. ... I'm not under investigation."

More, here.

3. And he's off

Alex Brandon / AP

President Trump took off today for his first foreign trip — and it's a doozy. Over nine days, he's tackling five countries, three major world religions, and two core American alliances. Take a look through the Axios card deck summarizing the biggest items on the itinerary, here.

Fun fact: To accommodate Trump, Saudi Arabia is planning to offer the president steak and ketchup alongside the lamb and hefty portions of rice on the menu. (More, here.)

4. Weiner and Assange legal updates

Mary Altaffer, Matt Dunham / AP

Weiner: Former Democratic congressman Anthony Weiner has been under FBI investigation since last year for swapping sexually explicit messages with a 15-year-old girl. Today, he plead guilty. His wife Huma Abedin, who worked for Hillary Clinton, also filed for divorce. (More, here.)

Assange: Swedish prosecutors are dropping the arrest warrant for WikiLeaks Founder Julian Assange. Authorities in Stockholm have been investigating a rape case against him for the past 5 years. (More, here.)

5. Hugs

A friend of James Comey told PBS Newshour that Comey was "disgusted" when Trump tried to hug him at an event with law enforcement officials in January. And a Clinton aide tweeted a video of a campaign debate practice where Clinton prepared for an unwanted Trump hug. Watch the videos, here.

THANKS for reading! If you want the news that matters in newsletter form, be sure to sign up for Mike Allen's Axios AM, which arrives in your inbox in time for your morning coffee. Sign up here and follow us on Facebook and Twitter.


Comey "disgusted" by Trump's hug

A friend of James Comey told PBS Newshour that Comey was "disgusted" when Trump tried to hug him at an event with law enforcement officials in January. He wasn't the only person to receive a Trump hug, though.

In fact, according to this video which was tweeted around today, Hillary Clinton prepared for a Trump hug in her debate practices.

A Clinton aided tweeted a video from debate practices today:


The chaos & collapsing of the ACA

Susan Walsh / AP

There's growing frustration in the health insurance industry with the way the Trump administration is managing the Affordable Care Act, senior insurance officials described to the LA Times. Here's what they found out:

  • Some insurance companies are planning dramatic premium hikes for Obamacare or exiting the Obamacare marketplaces.
  • State insurance regulators are realizing they can't depend on the Trump administration to do what's needed to run a stable market, like paying for subsidies or enforcing the individual mandate.
Why it matters: Obamacare IS collapsing, but it's not collapsing on it's own as Trump claimed it would. It's collapsing because of Trump. Blue Shield of California CEO Paul Markovich told LA Times, "All this uncertainty is not helpful."

Today's Trump Top 5: Flynn in the fire

This just might be one of the longest weeks in American political history. Here to help you keep up, welcome to today's Trump Top 5, brought to you by Axios for Apple News. For more, check out our news STREAM here.

1. Flynn in the fire

Andrew Harnik / AP

Michael Flynn's dealings with Turkey has been making headlines again after last night's reports that the Trump transition knew in January that Flynn was under investigation, and that his Turkish interests led him to delay an Obama administration military attack on ISIS.

Why it matters: There's a legal way to lobby for a foreign country, but Flynn didn't play by the rules, which puts him in dangerous legal territory.

Oh, and… Flynn has yet to honor the Senate Intel Committee's subpoena for Russian contacts.

The whole timeline of Flynn's secret work for Turkey, here.

The roundup from last night, here.

2. Special prosecutor pros & cons

Susan Walsh / AP

Trump's good news: The surprise appointment of former FBI Director Robert Mueller as Special Counsel to the Russian investigation lets the White House and Hill try to get traction on other topics.

Trump's bad news: Mueller is by-the-book, focused on making cases, viewed as impervious to outside influence. Mueller also happens to be friends with the spurned Jim Comey.

How he really feels: "With all of the illegal acts that took place in the Clinton campaign & Obama Administration, there was never a special councel appointed! This is the single greatest witch hunt of a politician in American history!"

More on Trump's Russia respite, here.

3. MORE Russian contacts

Petros Karadjias / AP

This morning, Reuters reported that Trump campaign officials engaged in more contacts with Russians and Kremlin-affiliated individuals than have previously been disclosed.

  • The timing: 18 calls and messages between April and November
  • The people: 6 of them were between Kislyak and Trump advisers.
  • Caveat: There's no evidence of wrongdoing or collusion.

Why it matters: "The previously undisclosed interactions form part of the record now being reviewed by FBI and congressional investigators..."

4 foreign headlines

Ahead of President Trump's first foreign trip tomorrow, here's how newspapers from the four countries he's visiting are covering the Trump news:

  1. Israel's Jerusalem Post: Analysis: Six reasons trump's visit appears to be jinxed
  2. Italy's La Stampa: That "madman" strategy in which Donald Trump tries to defend itself
  3. Belgium's De Morgen: How Likely is it that Trump is impeached?
  4. Saudi Arabia's Al-Watan: Trump anxiously awaits the end of the issue of Russian "interference" in his campaign

More headlines, here.

5. Cancelled?

Pablo Martinez Monsivais / AP

  1. Spicer: Officials claim Trump is considering cancelling Spicer's daily press briefings as it is now one of the most dreaded parts of Trump's day. (Much more, here.)
  2. Israel: Trump moved a speech planned for Israel's Masada, a mountaintop fortress, after being told he couldn't land his helicopter at the top. (How he could have gotten up there, here.)

THANKS for reading! If you want the news that matters in newsletter form, be sure to sign up for Mike Allen's Axios AM, which arrives in your inbox in time for your morning coffee. Sign up here and follow us on Facebook and Twitter.