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Data: CivicScience, Hamilton Place Strategies; Chart: Axios Visuals

Consumer confidence has fallen over the past two weeks to its lowest level since January 2019, according to a reading that updates daily from Hamilton Place Strategies and data firm CivicScience.

Why it matters: The index's two-week average, provided first to Axios, dropped to 49.4, with the daily reading drifting even lower to 45.5 on Tuesday. Traditional data metrics are all lagging behind the spread of the coronavirus outbreak, which is the primary driver of markets at the moment.

  • The Economic Sentiment Index is a “living” metric that tracks U.S. adults’ expectations for the economy going forward, as well as their feelings about current conditions for major purchases, CivicScience analysts say.

The big picture: Consumer confidence has clearly declined, but even as of Tuesday's weak level, it has not fallen off a cliff.

Go deeper: The looming global great recession

Go deeper

Using apps to prevent deadly police encounters

Illustration: Sarah Grillo/Axios

Mobile phone apps are evolving in ways that can stop rather than simply document deadly police encounters with people of color — including notifying family and lawyers about potential violations in real time.

Why it matters: As states and cities face pressure to reform excessive force policies, apps that monitor police are becoming more interactive, gathering evidence against rogue officers as well as posting social media videos to shame the agencies.

Dan Primack, author of Pro Rata
15 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: President Trump has sought to undo the Obama-era program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting new applications for DACA as soon as Monday.