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Photo: Scott Eisen/Getty Images

Elizabeth Warren's 2020 presidential campaign said Friday that it raised $21.2 million during 2019's fourth quarter.

Why it matters: It's a disappointing haul for the Massachusetts senator, who raised $24.6 million last quarter, and coincides with a sustained drop in her polling after she briefly challenged Joe Biden for frontrunner status in October.

  • The campaign sent out an unusual SOS to supporters last week, warning that it had only raised $17 million for the quarter as of Dec. 27. It set a goal of $20 million.
  • As a result, it said it raised $4 million during the last five days of the quarter and $1.5 million on New Year's Eve alone.
  • Over the course of the year, Warren raised more than $71 million from almost a million people.

Where it stands: Warren's fundraising means she's bringing up the rear of the group of Democratic frontrunners for this past quarter.

Go deeper:

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.