Axios

Extreme poverty is decreasing, while extreme inequality is on the rise — two trends with far-reaching consequences all over the globe.

The bottom line: The millions of people escaping poverty may find they don't have far to rise.

WeWork has hired ex-Salesforce and AppDynamics exec Kendall Collins to oversee its technology it continues to grow its “Powered by We” business, through which it helps companies redesign and even manage their offices.

Why it matters: WeWork's business model has long been in question, especially as its valuation rose to $20 billion last year. The company has been diversifying its revenue streams by signing up large companies as multi-year customers, and now by offering services in their offices.

The Turkish lira has continued its six-day free fall, hitting a record low against the dollar following news that the U.S. will review the country's duty-free access to the American market, reports Reuters.

Why it matters: The currency has lost a quarter of its value this year, driven both by President Recep Tayyip Erdogan’s push to exercise more control over Turkey's monetary policy and the threat of U.S. sanctions over the detention of American pastor Andrew Brunson. A review by the U.S. Trade Representative's office on whether Turkey has complied with its preferential tariff system could affect $1.66 billion worth of Turkish imports.

Apple has removed five podcasts created by Alex Jones' Infowars from iTunes and its Podcast app, including the host's own "The Alex Jones Show," citing violations of the company's hate speech guidelines, reports BuzzFeed News.

The big picture: Apple's move is one of the strongest yet by any tech company against Jones' conspiratorial outfit as the controversial host faces down a defamation lawsuit by the parents of two children killed in the Sandy Hook shooting. Jones has also been temporarily banned from Facebook, and Spotify confirmed to BuzzFeed News that it has removed its entire library of "The Alex Jones Show" after removing select episodes last week.

An explosion of new digital options for kids' entertainment has pulled children's attention away from live TV to instant, on-demand programming, bringing with it new challenges for producers, policymakers and parents.

Why it matters: Gone are the days of Saturday morning cartoons, Sesame Street and cable shows being seen the as the main attractions for kids-focused TV. Now content is strewn across apps, social networks and streaming platforms — and a lot of kids don't even know what a commercial is.

Like an NFL coach reviewing game film, President Trump likes to watch replays of his debate and rally performances. But instead of looking for weaknesses in technique or for places to improve, Trump luxuriates in the moments he believes are evidence of his brilliance.

Behind the scenes: Trump commentates as he watches, according to sources who've sat with him and viewed replays on his TiVo, which is pre-loaded with his favorites on the large TV in the private dining room adjoining the Oval Office. When watching replays, Trump will interject commentary, reveling in his most controversial lines. "Wait for it. ... See what I did there?" he'll say.

Imagine the United States entering simultaneous trade wars with China, India, Pakistan, Thailand, the Philippines, Singapore, Ukraine, Mexico, Saudi Arabia, Chile, Hong Kong, Brazil and Turkey.

The big picture: Judging by his tweets this morning, that might sound pretty good to President Trump. And if his economic adviser Peter Navarro had gotten his way last September, it could have happened. Axios has obtained a copy of a draft executive order Navarro put together last fall that would have imposed tariffs on every product imported from every country doing significant business with North Korea.

A number of senior level staffers at CBS, including on-air talent, are using their platforms to address the sexual harassment allegations detailed against the company's CEO and Chairman Les Moonves.

Why it matters: The allegations have driven a broader conversation about a culture of misogyny and a lack of accountability at CBS. In addressing the accusations against the company's most powerful executive, CBS figureheads have also been forced to address the company's corporate values.

In May, we reported that China's tech giants are sharing their secret sauce with mom-and-pop shops around the country, helping them join the digital revolution with state-of-the-art artificial intelligence and e-commerce technologies.

What's next: The Chinese are taking their digitalization-in-a-box concept abroad — with the potential to fuel a grassroots retail revolution beyond China.