Jan 14, 2019

John Kasich reportedly eyeing a jump to cable news

Former Gov. John Kasich. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

Former Ohio Gov. John Kasich, who has hinted he could mount a primary challenge to President Trump in 2020, is eyeing a jump to a cable news network like CNN or MSNBC in the coming days, CNBC reports.

Why it matters: Kasich stepped down as governor on Monday, and he's wasting no time kicking off his next act. Also on Monday, signed with United Talent Agency, which said in a release that it plans to help him "navigate the next phase of his career in civic engagement, by continuing to inspire audiences to lead purpose-driven lives of service," the AP reports.

Go deeper ... Trending: Politicians ditch government for cable news

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Investment pros are selling while mom and pop buy the coronavirus dip

Illustration: Aïda Amer/Axios

As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."

Zuckerberg: "Local journalism is incredibly important" to fighting coronavirus

Photo: Sven Hoppe/picture alliance via Getty Images

Mark Zuckerberg, signaling his personal involvement in a new Facebook commitment of $100 million to bolstering local journalism, told me that "very local work" is vital to his big mission of bringing the world closer together.

What he's saying: "Everyone believes that local journalism is incredibly important," Zuckerberg told Axios in a phone interview. "But everyone is connected to their local [outlets]. Figuring out how to make an impact, and support local journalism broadly and at scale, has been a challenge."

Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.