Facebook stock has regained two-thirds of what it lost following last month's revelations that user data was improperly accessed by Cambridge Analytica.
Big picture: Facebook isn't yet out of the U.S. regulatory woods, but investors are willing to give their benefit of the doubt so long as earnings remain strong.
President Trump on the White House grounds on Saturdya. Photo: Sarah Silbiger/Getty Images
President Trump tweeted Saturday night that he's decided not to introduce quarantine enforcement measures fo New York, New Jersey and parts of Connecticut, but a "strong" travel advisory will be issued for those states.
Why it matters: The president said hours earlier he was considering the move to combat the rise in novel coronavirus cases. But he received pushback, most notably from New York Gov. Andrew Cuomo (D), who told CNN it would cause "chaos." "This would be a federal declaration of war on states," Cuomo added.
Go deeper: Updates on coronavirus in the U.S.
President Trump said Saturday he's considering a short-term quarantine of New York, New Jersey and parts of Connecticut, which have already taken steps to help residents isolate. Gov. Andrew Cuomo reacted to Trump's comments by telling CNN, "This would be a federal declaration of war on states" and that it would cause "chaos."
The big picture: With more than 121,000 people infected, the U.S. has the most COVID-19 cases in the world, exceeding China and Italy, per data from Johns Hopkins. A second wave of American cities, including Boston, Detroit, New Orleans and Philadelphia, are reporting influxes of cases.
Illustration: Sarah Grillo/Axios
Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.