Sen. Elizabeth Warren (D-Mass). Photo by Ethan Miller/Getty Images

Democratic presidential candidate Sen. Elizabeth Warren (D-Mass) led criticism of JPMorgan Chase, the country’s largest bank, after it attempted to offer financial advice to struggling customers Monday.

Details: The bank was roundly criticized on Twitter for its attempt at being relatable on social media. In a series of Twitter posts, Rep. Katie Porter ‏(D-calif.) called for JPMorgan Chase CEO Jamie Dimon to apologize for the tweet. "And if this tweet does reflect Mr.Dimon’s views, an apology won’t cut it. Might be a #TimetoRetireThursday," she added.

Why it matters: America's big banks are facing heightened scrutiny in Congress. At a House Financial Services Committee hearing this month, Porter challenged Dimon, asking the billionaire how a single mother working as a Chase bank teller should budget her salary, after taking into account the cost of child care and other expenses.

What they're saying: JPMorgan Chase later deleted the tweet and addressed the controversy in a follow-up Twitter post.

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The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

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  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
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Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.