Government officials have ordered the beach town of Malibu, California to be evacuated as a rapidly growing wildfire makes its way south, the AP reports.
The latest: Three wildfires have gained momentum in California, spurring major evacuations in the region. As of Friday morning, the three fires "were at zero percent containment," according to USA Today.
Illustration: Aïda Amer/Axios
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Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.
Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.
Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor
Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.
The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)