May 14, 2020 - Economy & Business

Economic sentiment is being pulled in both directions

Dion Rabouin, author of Markets
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's week of viral quicksand

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Stories about President Trump's photo op at St. John's church after peaceful protesters were forcefully cleared from the area averaged the most online attention of any issue about the president this week.

Why it matters: Trump's force-over-compassion approach to the demonstrators protesting the murder of George Floyd had Republican allies backpedaling to keep a distance — and led to a wave of condemnations that got plenty of online traction on their own.

Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 11 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.