European Commission President Jean-Claude Juncker (L) and President of the European Central Bank Mario Draghi. Photo: Frederick Florin/AFP/Getty Images

European Central Bank President Mario Draghi gave hints that he may continue the central bank's bond-buying program through this year, saying the economy of the 28-member bloc is weaker than he previously expected.

What's happening: The central bank just last month began to phase out its bond purchase stimulus program that has totaled 2.5 trillion euros, in a first step toward higher interest rates. Interest rates on some deposits are still negative in the euro zone.

Germany's 5-year low in economic growth reported this week along with unimpressive reports from Italy, Britain, France and Spain (the euro zone's largest economies) in recent months have given that impression, even as the bank said it would solider on raising interest rates and cut its 15 billion euro per month stimulus.

  • Draghi also highlighted risks from Brexit and the economic slowdown in China.

Go deeper: European Union's Juncker wants euro as leading reserve currency

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.