Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Senate Majority Leader Mitch McConnell (R-Ky.) stuck to the basics in his endorsement of President Trump at the Republican National Convention on Thursday, casting the Democratic Party as too focused on elites and dismissive of "middle America" and "flyover country."

Why it matters: The Senate is "the firewall" against the Democratic agenda if Trump is defeated in November, McConnell stressed as he called on voters to "support Republican Senate candidates across the country." House Speaker Nancy Pelosi has referred to the GOP-controlled Senate as McConnell's legislative "graveyard."

What he's saying: "They want to defund the police and take away your Second Amendment rights. They want free health care for illegal immigrants, yet they offer no protection at all for unborn Americans. They want to pack the Supreme Court with liberals intent on eroding our constitutional rights."

  • “Today’s Democrat party doesn’t want to improve life for middle America. They prefer that all of us in flyover country keep quiet and let them decide how we should live our lives. They want to tell you when you can go to work. When your kids can go to school. They want to tax your job out of existence, and then send you a government check for unemployment."
  • “They want to tell you what kind of car you can drive. What sources of information are credible. And even how many hamburgers you can eat."
  • “I am immensely proud of the work the Republican Senate has done. We are the firewall against Nancy Pelosi’s agenda. Like President Trump, we won’t be bullied by a liberal media intent on destroying America’s institutions. ... The stakes have never been higher.

Reality check: Joe Biden has repeatedly said that he does not support defunding police, a policy that many progressives have promoted. He said in an interview with activist Ady Barkan that he "absolutely" supports redirecting some funding to address mental health issues or prison reform.

Go deeper

Updated Nov 7, 2020 - Politics & Policy

Joe Biden elected president, AP projects

Biden in Los Angeles in March. Photo: Mario Tama/Getty Images

The Associated Press projects Joe Biden has been elected the 46th president of the United States, ousting President Trump after a single term marked by impeachment, constant battles, a disastrous response to the deadly coronavirus pandemic and an unexpectedly close election.

Kamala Harris will join him as the first woman and first female person of color to be elected vice president — a historic breakthrough largely overshadowed by the turmoil surrounding the election. The news drew cheering crowds to the White House, while Biden made plans to address the nation at 8 pm Eastern.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.