Apr 27, 2017

Federal investigation into Fox News expands

Charles Sykes/Invision / AP

The probe launched by the Justice Department into Fox News has expanded to include the United States Postal Inspection Service, which handles mail and wire fraud investigations, according to CNNMoney. Questions are circling around whether Fox News should have told shareholders about settlement payments related to sexual harassment allegations against Roger Ailes, according to the report. The Justice Department investigation was first revealed in February.

Two new questions: investigators have reportedly been asking two key questions; one about possible misconduct by Fox News personnel and the overall environment at the network, as well as questions about "mysterious confidants" of former Fox News CEO and Chairman Roger Ailes known as "friends of Roger." Per CNN:

"Ailes, through Fox News, employed a number of longtime friends as consultants, for purposes that remain unknown. One of the consultants earned $10,000 a month by submitting a monthly invoice to Fox."

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Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

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Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

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What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.

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What top CEOs fear telling America about the coronavirus shutdown

Illustration: Eniola Odetunde/Axios

Top CEOs, in private conversations and pleas to President Trump, are warning of economic catastrophe if America doesn't begin planning for a phased return to work as soon as May, corporate leaders tell Axios.

Why it matters: The CEOs say massive numbers of companies, big and small, could go under if business and government don't start urgent talks about ways groups of workers can return.

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