The cover of Barron's is a macabre sign of the times: how investors can profit off robots replacing workers: "If manufacturers are going to flourish in America, they'll need to buy a lot more robots. Here are six ways to play this hot trend."

  • The lead: "As President Donald Trump prevents manufacturers from leaving the U.S., expect them to use robots to keep labor costs down."
  • The strategy: "For long-term investors, robots could be one key to securing healthy corporate profit growth, and stock returns, even as wages rise."
  • "Factory robots look nothing like Rosie from The Jetsons, the nameless B9 model from Lost in Space, or the one on the cover of this magazine. Many are hulking arms with rotating joints and interchangeable tools that can weld, stack, paint, assemble, and more."
  • Unintended consequences? "One thing that could accelerate U.S. robot deployments is a corporate tax cut, which would reduce the overall cost of manufacturing in the U.S., but not the labor cost. Another is a border adjustment tax, which would reward exporters while penalizing importers. Accelerated depreciation on capital investments would give companies an immediate tax break on money spent to automate factories."

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 4 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.