Aug 18, 2017

GOP megadonor: Trump is gaining support after "being bullied"

Keith Srakocic / AP

Investment manager and GOP megadonor Foster Friess told CNBC's Squawk Box on Friday that President Trump's decision to blame both white nationalist groups and their counter-protesters for last weekend's violence in Charlottesville was correct and the resulting uproar was "politically inspired."

The key quote: "I love Donald Trump. He's become a victim. And he's being bullied. And that's why Americans are flocking to him, because they hate [seeing] people…bullied."

Friess' influence: A supporter of conservative Christian political causes, he helped finance Rick Santorum's presidential run in 2012. He's been active in media as well, investing millions into The Daily Caller.

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More states issue stay-at-home orders as coronavirus crisis escalates

Data: Axios reporting; Map: Danielle Alberti/Axios

Florida and Georgia governors ordered all residents to stay at home late Wednesday, with exceptions for those engaged in essential services, including health care and government functions.

The big picture: In a matter of weeks, the number of states that issued orders nearly quadrupled, affecting almost 300 million Americans.

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White House recommends Americans wear masks in public

New Yorker wearing a homemade face covering. Photo: Selcuk Acar/NurPhoto via Getty Images

The White House announced that the CDC is recommending Americans wear cloth masks or face coverings in public to help stop the spread of the coronavirus, President Trump said at a press briefing on Friday — emphasizing the guidance is "voluntary."

Why it matters: The use of face coverings could stop people who have the virus, whether they have symptoms or not, from spreading it further when they go out in public.

Trump calls to fill up more places with oil

President Trump is calling on the Energy Department to find more places to store oil, in the wake of rock-bottom prices and an ensuing economic collapse of the sector itself.

Driving the news: Trump’s comments came Friday during a televised portion of a meeting he hosted with industry CEOs to discuss ways to help the sector. It’s reeling from a historic drop-off in demand with the world shutting down to slow the spread of the coronavirus.