Acting FBI Director Andrew McCabe testifies before a House Appropriations subcommittee. Photo: Pete Marovich/Getty Images

A Department of Justice inspector general's report says that fired FBI deputy director Andrew McCabe misled investigators as they looked in to his role in a media disclosure to the Wall Street Journal.

The bottom line: The report concludes that McCabe "lacked candor, including under oath, on multiple occasions" and his "disclosure of the existence of an ongoing investigation in the manner described in this report violated the FBI’s and the Department’s media policy and constituted misconduct."

What they're saying: McCabe's lawyer, Michael Bromwich, is fighting back, saying the "rush" to fire McCabe 26 hours before his retirement was "unprecedented, unseemly, and cruel." Bromwich adds that the "troubling message was reinforced, and made toxic, by the president’s celebratory tweet hours after Mr. McCabe’s termination."

The president responded to the report saying "McCabe was totally controlled by Comey."

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.