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Hulu enters live-streaming TV market

Hulu debuted a pay TV service called "Hulu Live" for $39.95 a month at their annual Upfront presentation in New York. The offering will include access to dozens of premium on-demand channels, from Fox, Disney, NBCUniversal, Scripps, CBS, Turner, A+E and more.

Why it matters: Several over-the-top TV packages have recently popped up, with most charging similar price points for similar content. Hulu's live product is different because Hulu is co-owned by cable companies (Fox, Comcast, Turner, Disney) that create content, instead of distributing it, (like Google's YouTube TV). This means their live service will exclude some of that cable content, because its already housed on Hulu's on-demand service.

Between the lines: These OTT TV live-streaming companies are capitalizing on consumption habits of people — mainly millennials — who are "cutting the cord" from more expensive cable packages to on-demand content.

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Where Trump's steel and aluminum trade war will hit first

Note: Includes only products under the "Iron & Steel & Ferroalloy" and "Alumina & Aluminum & Processing" NAICS commodity classifications. Data: Census Bureau; Chart: Chris Canipe and Lazaro Gamio / Axios

The Trump administration has begun imposing tariffs on imports of steel and aluminum, but several countries are exempted temporarily until May 1, as shown in the chart above. The administration may still apply quotas on exempted countries to prevent a flood of foreign steel and aluminum in the U.S. market, per the White House.

Why it matters: After railroading past a number of his advisors, Trump announced the tariffs on imports of steel (at 25%) and aluminum (at 10%) earlier this month, citing national security concerns. But with the exemption noted above, the tariffs won't carry major bite, at least to start.

Alexi McCammond 5 hours ago
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Trump signs spending bill despite veto threat

Photo: Mark Wilson/Getty Images

President Trump announced that he has signed the $1.3 trillion spending bill that passed Congress last night "as a matter of national security," citing the bill's increase in defense spending, even though he threatened to veto earlier today. "My highest duty is to keep America safe," Trump said. He said he's disappointed in most of the bill.

Key quote: "I will never sign another bill like this again. I'm not going to do it again. Nobody read it. It's only hours old."