Axios

Americans aren't really buying each other cards anymore.

The big picture: "U.S. sales of printed greeting cards, estimated at $4.5 billion in 2019, fell nearly 13% over the last five years, according to market research company IBISWorld," WSJ reports.

Moving companies, a $25 billion business in the U.S., look like an upcoming target for disruption.

Why it matters: Technology has made dozens of tasks easier: We can use GPS for road trips instead of printing out directions, we can order our groceries online and get them delivered, and we can even meet our spouses on apps. But moving still sucks.

Hulu CEO Randy Freer is exiting the company, as Disney looks to further consolidate the streaming service into its own streaming department, Disney said in a statement on Friday.

Why it matters: The move is part of a greater integration of 21st Century Fox assets into the Walt Disney Company. Disney purchased most of Fox's entertainment assets last year for $71 billion. In a statement, Disney said that Hulu executives will now report directly into Disney's direct-to-consumer department business leads.

The rent is too damn high across huge swaths of conservative states, and it's getting worse fast.

Why it matters: The housing crisis gripping coastal cities has now gone national.

Stocks saw the worst sell-off in months on Friday: the Dow Jones Industrials Average dropped 603 points (2.1%), while the S&P 500 and the Nasdaq declined 1.7% and 1.5%, respectively.

Why it matters: Despite a few jitters, the stock market had until now mostly brushed off fears about the coronavirus (the bond market, though, has not) as stellar earning results from big names like Apple, Microsoft and Amazon took center stage.

This week I'm driving the 2020 Hyundai Santa Fe, an underrated mid-size crossover SUV.

The big picture: There are so many crossovers on the market these days, it's hard to tell them apart. But I like the styling of the Santa Fe, whose athletic lines help distinguish it from the rest.

Waymo, whose driverless minivans are already shuttling a limited number of passengers in suburban Phoenix, will soon begin delivering packages for UPS as part of a new strategic partnership announced this week.

Why it matters: Waymo's ambition is to use the same self-driving technology in its minivans to automate big rigs and delivery trucks like the ones UPS uses every day. This is an important step toward that goal.

U.S. gross domestic product grew at a 2.1% annual rate in the final quarter of last year, the Commerce Department said on Thursday. For all of 2019, economic growth came in at 2.3% — less than the 2.9% in 2018.

Why it matters: The initial estimates from the government show that 2019 was the slowest pace of economic growth since Trump took office. The boost from the tax cuts gave way to pain from the trade war. Exports slumped last year, while uncertain business leaders held off on spending.

Over the past 48 hours at the Upfront Summit, I've met with at least 50 venture capitalists and nearly as many limited partners in venture capital funds, representing varying geographies, experiences, and specialties.

My goal in such settings is to suss out a consensus trend or sentiment. The same thing that keeps arising in varied conversation, unprompted. For the first time I can remember, there wasn't one.

Unilever (LSE: UL) is considering a sale of its tea business, which generates annual sales of around €3 billion and includes the Lipton and PG Tips brands.

Why it matters: Tea, and black tea in particular, has become the latest victim of changing consumer tastes.

The Community Reinvestment Act was passed in 1977 to address banks’ refusal to lend money to people in areas they deemed “risky.” It’s up for an overhaul, and it’s dividing Wall Street, Congress and community activists.

Go deeper: Tug-of-war over banking poor communities

ViacomCBS announced Friday that George Cheeks, a longtime executive at NBCUniversal, was appointed president and CEO of CBS Entertainment Group, succeeding Joe Ianniello, CBS' current chairman and CEO.

The big picture: Ianniello is reportedly being sought to lead a bid for Univision Communications, per the Wall Street Journal. In a memo to staff obtained by Axios, Ianniello says Friday is his last day with the company after 22 years.

The Bank of England held interest rates at 0.75% Thursday as governor Mark Carney, in his final policy meeting, said "the most recent signs are that global growth has stabilized."

Yes, but: The BOE cut its growth expectations for Britain to 1.1% for the next three years, down from 2019's 1.4%. The projections are England's lowest since World War II.

The price of copper fell for a record 12th straight session on Thursday, falling to its lowest price on the New York Mercantile Exchange since September and its lowest on the London Metal Exchange since October.

Why it matters: Known as Dr. Copper, the metal is seen as a barometer of the economy's health because of its use in homebuilding and commercial construction.

U.S. stocks ended the day higher on Thursday after the World Health Organization declared the coronavirus outbreak that has spread to at least 19 countries, killing more than 200 people and infecting nearly 10,000, more a global emergency.

What it means: The declaration was taken as good news by bullish investors because the international organization said China's "unprecedented response" and international cooperation would "reverse the tide" and contain the outbreak.