Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Wilford Martinez grabs the median as he's rescued from his flooded car along I-610 in Houston yesterday, in floodwaters from Tropical Storm Harvey (David J. Phillip / AP)

That's how CNN meteorologist Tom Sater described the hell Harvey has unleashed on Houston. Catch up quick:

  • FEMA says recovery will take "years."
  • Tragedy of epic proportions: "Rain may last days with some areas seeing as much as 50 inches ... Storm disrupts flights, ports, railways and oil refineries." (Bloomberg)
  • "Harvey [is] the most powerful hurricane to hit Texas in more than 50 years." (Reuters)
  • "Nearly a quarter of Texas' population lives in areas covered by a federal disaster declaration ... Gov. Greg Abbott says 18 counties are now covered by the disaster declaration approved by President Donald Trump. There are nearly 7 million people in those counties, including the nation's fourth-largest city of Houston. Texas has a population of 27.8 million."
  • "[H]undreds of people ... [w]eary and carrying little more than what was in their pockets ... arrived ... by boat, by bus, and by foot [at] Houston's showcase convention center downtown, transformed by volunteers with few hours' notice into a shelter." (AP)
  • "[V]olunteers served food, handed out towels and set up tables with donated clothes for a long line of evacuees. Some people huddled around a projection screen showing television coverage of the storm. Others collected bowls of pasta with parmesan cheese and cups of black coffee." (AP)
  • Houstonian goes fishing inside his house. (Video)
  • Houston Chronicle banner: "SWAMPED BY HARVEY." (Read the digital paper free.)

How we can help:

Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

Rep. Sean Patrick Maloney elected chair of House Democrats' campaign arm

Rep. Sean Patrick Maloney. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Sean Patrick Maloney (D-N.Y.) on Thursday was elected chair of the Democratic Congressional Campaign Committee for the 2022 cycle, narrowly defeating Rep. Tony Cardenas (D-Calif.) 119 to 107, Politico reports.

Why it matters: Maloney will be tasked with protecting House Democrats' slim majority in 2022 after they underperformed in November's election, losing seats in down-ballot races across the country.

1 hour ago - Health

Vaccine shipment companies targeted by cyberattacks, IBM says

Illustration: Sarah Grillo/Axios

A global phishing campaign has been trying to gain information from organizations working to ship coronavirus vaccines since September, IBM's cybersecurity arm said on Thursday.

Why it matters: Successfully distributing a COVID vaccine will already be challenging for the U.S. and other wealthy countries, especially to rural areas with less resources — while poorer countries are expected to have delayed access.

Fauci to meet with Biden transition for first time

Anthony Fauci. Photo: Win McNamee/Getty Images

The government's top infectious-disease expert Anthony Fauci will stay on at the National Institutes of Health and plans to meet virtually with President-elect Joe Biden's transition team for the first time Thursday to discuss the coronavirus response, he told CBS News.

Why it matters: Fauci, widely viewed as one of the country's most trusted voices on the coronavirus, said it will be the first "substantive" conversation between he and Biden's team. He said he has not yet spoken with Biden directly, but has connected several times with incoming White House Chief of Staff Ron Klain.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!