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

The latest reading of a daily economic sentiment indicator from data firm CivicScience and consulting firm Hamilton Place Strategies finds Americans' overall confidence has reached a crossroads and is holding steady.

What it means: The index is made up of confidence readings in different sectors and responses have sharply diverged in recent weeks.

The big picture: Confidence in the housing market increased for a second straight week, as did confidence in making a major purchase and buying a new home.

  • Confidence in the overall economy led the falling readings, reversing a previous eight-week rebound, along with declining confidence in personal finances and confidence in the job market, which fell to its lowest level since the inception of the ESI.

Go deeper: Americans don't realize that coronavirus recovery may take months

Go deeper

Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

13 mins ago - Technology

TikTok responds to Trump executive order: "We are shocked"

Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."

U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

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 labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled improvement as coronavirus cases surged and states pulled back on reopening plans.