Axios

With consumer sentiment surging and the stock market setting record highs, Treasury Secretary Janet Yellen will travel to the Midwest this week to promote President Biden's economic record and take a rare shot at former President Trump's approach.

Why it matters: Team Biden has spent the last two years playing defense on the economy. With economic numbers and "vibes" finally improving — including a 28% jump in consumer sentiment since November — officials are now going on offense.

Three major economic gauges are suddenly marching in the right direction, giving President Biden's campaign a sunny opening after months of gloom.

Why it matters: While Biden promoted big-picture benefits of Bidenomics, declining poll results showed lacking optimism.

If your economy is broken, you can try to fix it — or you can essentially just throw it in the trash and try to build something new from scratch.

Why it matters: The latter is, broadly, the plan of anarcho-capitalist Argentine president Javier Milei, while the former is the plan of Zambian president Hakainde Hichilema.

Sephora might be the hot tween hangout, but that doesn't mean it isn't also popular with socially conscious adults.

Why it matters: Once those grown-ups get information on which brands are the most sustainable, they change their purchasing habits dramatically.

Morgan Stanley has agreed to pay $250 million after it emerged that the head of its block trading desk, Pawan Passi, had tipped off hedge funds to large upcoming sales — after explicitly promising his clients that he wouldn't do so.

Why it matters: The case sheds a tiny bit of light on how far the government will go when it's investigating a bank.

Sephora, once a beauty refuge for grown-ups, has become increasingly dominated by tween girls spending adult-sized sums of money.

Why it matters: Girls between the ages of 10 and 13 have become an economic force far beyond the Stanley craze.