Scott Nuttall, head of global capital and asset management at KKR, had a stark warning for Wall Street analysts during his firm's Q1 earnings call:
We are late cycle.
Nuttall added that this sentiment is why KKR has become a net seller in the U.S. and Europe. The one geographic exception for KKR is Asia, particularly when it comes to corporate carve-outs in Japan.
The U.S. confirmed at least 83,010 coronavirus cases on Friday, the country's highest daily total since the pandemic started, according to data from the COVID Tracking Project.
By the numbers: Friday's total surpassed the U.S.'s previous record set on July 17 when 76,842 cases were recorded.
Illustration: Aïda Amer/Axios
Photo: Drew Angerer/Getty Images
President Trump has not attended a White House coronavirus task force meeting in “several months,” NIAID director Anthony Fauci told MSNBC on Friday.
Why it matters: At the beginning of the pandemic, the task force, led by Vice President Mike Pence, met every day, but in the "last several weeks," members have held virtual meetings once a week, Fauci said, even as the number of new cases continues to surge in the country.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday