Aug 19, 2017

Immelt is frontrunner for Uber CEO

Steven Senne / AP

Recode's Kara Swisher reports that Jeff Immelt, the former chairman of GE, is the leading candidate to be the next CEO of Uber. Citing several sources, she reports the pick isn't final and others are still in the running, though none of them are women. A decision by the board could come in the next 2 weeks.

Why it matters: Swisher reports Immelt is a strong candidate because as an experienced CEO he'll be able to navigate the tumultuous board dynamic (ousted CEO Travis Kalanick is still a member and an investor is suing to get him removed), and he's well known to Wall Street ahead of a possible IPO.

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Dion Rabouin, author of Markets

52 mins ago - Economy & Business

Investors are betting the future is priced in euros

Illustration: Aïda Amer/Axios

It's the euro's time now — at least that's how investors have been positioning recently.

What's happening: Speculators have raised their bets to the highest in nine years that the dollar will fall and increased bullish bets that the euro will rise to the highest level on record, Reuters reported citing data from the CFTC.

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Axios

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

Global: Total confirmed cases as of 7 a.m. ET: 20,317,087 — Total deaths: 742,035— Total recoveries: 12,602,544 — Map.
U.S.: Total confirmed cases as of 7 a.m. ET: 5,141,879 — Total deaths: 164,545 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
States: Georgia reports 137 coronavirus deaths, setting new daily record — Florida reports another daily record for deaths.
Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
Business: Moderna reveals it may not hold patent rights for vaccine.
Sports: Big Ten and Pac 12 scrap fall football — MLB salaries at 37%
World: Lebanon reported record new cases as UN warned blast may drive spike — Fauci "seriously" doubts Russia's coronavirus vaccine is safe

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Mike Allen, author of AM

2 hours ago - Politics & Policy

3 keys to Joe Biden picking Kamala Harris

Photo: Jeff Kowalsky/AFP via Getty Images

Three quick points about Joe Biden's historic selection of Sen. Kamala (pronounced COMMA-luh) Harris of California as his running mate — and clues they give us to how Biden would govern:

She was always at the top of his list. As I look back through my text threads with top Dems over the past five months, she was always assumed to be the most likely pick.