May 15, 2017

Macron selects prime minister from rival party

Alain Jocard / Pool Photo via AP

French President Emmanuel Macron selected center-right Edouard Philippe as his prime minister — a moderate member of rival The Republicans party — making good on his centrist promise to upend the traditional French political spectrum, per Reuters.

Not politics as usual: Macron's choice is the first time that a modern French president has chosen a prime minister outside of his party without being forced into the decision by a parliamentary defeat.

Why it matters: Macron, who got his political start with the center-left Socialist Party, is looking to bridge the divide between left and right with the hope that his year-old political party, En Marche, can win a clear majority in next month's parliamentary elections.

Go deeper

No one knows when the coronavirus sports shutdown will end

Data: Morning Consult National Tracking Poll of 1,512 self-reported sports fans, April 3-5, 2020; MOE ± 3%; Chart: Axios Visuals

It's been 26 days since the sports world effectively shuttered, and fans are eager to start watching games again, but not quite as eager to attend them.

The state of play: According to a new Morning Consult poll, 51% of fans think live sports will return between June and September, while only 8% think the void will bleed into 2021.

The coronavirus outbreak will forever change the world economy

Illustration: Sarah Grillo/Axios

Both the U.S. and global economies are set to be permanently altered by the coronavirus outbreak and the measures that have been taken in response to it, experts say.

The state of play: "Fundamentally there are going to be huge changes in household consumption patterns, business patterns and global supply chains," Kevin Warsh, a former Fed governor and current economics lecturer at Stanford, said during a Reuters teleconference.

Coronavirus breaks the telecom bundle

Reproduced from Park Associates "Broadband Services in the U.S." report; Note: 2019 survey was conducted in Q3, with 10,059 respondents and a ±1% margin of error; Chart: Axios Visuals

Consumers are adopting stand-alone broadband services at a much higher rate than just two years ago, and analysts predict that the economic downturn prompted by the COVID-19 outbreak will accelerate the trend.

Why it matters: With a recession looming, consumers may look to cut pay TV service in favor of more robust standalone internet packages once they're free to leave their homes.