The Dow's early gains evaporated Wednesday afternoon, dropping from a session high of up 300 points to finish the day down 167. Stocks fell because the latest news from the Federal Reserve confirmed for investors that economic growth will lead to higher interest rates, per CNBC.
The Fed "made it clear that you're going to see more rate hikes ... The question for the market now is how many."— market strategist Quincy Krosby to CNBC
Illustration: Aïda Amer/Axios
Bob Woodward didn't want to join Senate Republicans in privately condemning President Trump but declining to do so publicly, he told Jonathan Swan in an interview for "Axios on HBO."
Why it matters: Woodward has covered 9 presidents, but Trump is the first that Woodward explicitly described as "the wrong man for the job."
In the latest episode of "Axios on HBO," Jonathan Swan interviews Bob Woodward about his new book, "Rage," which was based on 19 interviews with President Trump.