Axios AM

November 20, 2024
π³οΈββ§οΈ Today is Transgender Day of Remembrance, focusing on trans people who have lost their lives because of violence. Here's what to know.
- Smart Brevityβ’ count: 1,582 words ... 6 mins. Thanks to Sam Baker for orchestrating. Copy edited by Bryan McBournie.
1 big thing: Trump's messy coalition
President-elect Trump's Cabinet increasingly resembles a European-style coalition government, staffed with a dizzying array of ideological rivals united β for now β by a grand MAGA vision.
- The incoming administration has a little something for everyone: isolationists and hawks, populists and bankers β even a couple of lifelong Democrats who ran for president against Trump, Axios' Zachary Basu writes.
π² The big picture: Trump's picks suggest at least three factions in the new Republican coalition, with enough support to warrant representation in his administration.
1. "America First" nationalists: These are the true believers tasked with Trump's highest-priority portfolios.
- They include Attorney General nominee Matt Gaetz, Pentagon nominee Pete Hegseth, border czar Tom Homan and Stephen Miller, the border policy adviser who's incoming White House deputy chief of staff for policy.
- At 9 p.m. ET last night, Trump named transition co-chair Linda McMahon to head the Education Department, which he says he plans to dismantle. McMahon, co-founder and former CEO of WWE, headed the Small Business Administration in Trump's first term. Go deeper.
2. Establishment conservatives: The dominant forces in Trump's first Cabinet have been weakened, but not fully exiled.
- They're especially strong in foreign policy, with Sen. Marco Rubio (R-Fla.) for secretary of State, Rep. Michael Waltz (R-Fla.) for national security adviser and Rep. Elise Stefanik (R-N.Y.) for UN ambassador.
3. Dissident Democrats: The newest members of MAGA are among the most powerful, having endeared themselves to Trump's base as anti-establishment crusaders. They're also most likely to cause cracks in the coalition.
- Elon Musk has already clashed with at least one Trump adviser over Cabinet picks. RFK Jr.'s anti-pharma vision is at odds with several corners of the GOP. And Tulsi Gabbard has disparaged Republican hawks, including Rubio, as "warmongers."
2. π° Scoop: New twist for Treasury

President-elect Trump is looking more seriously at Sen. Bill Hagerty (R-Tenn.) for Treasury secretary β giving Trump three serious options for one of the few roles where he's taking his time, transition sources tell me.
- Hagerty, a former private-equity investor who was Trump's ambassador to Japan, is one of three apparent finalists, along with former Fed governor Kevin Warsh and Apollo CEO Marc Rowan.
Why it matters: Hagerty, 65, has credibility with Wall Street leaders, the markets, foreign leaders and Congress. And he owes his political career to Trump.
- "Respected, loyal and great on TV β the total Trump package," a top Republican source said.
State of play: I'm told Trump enjoyed spending time with Hagerty at Mar-a-Lago this week. The senator was with Trump and Elon Musk in South Texas yesterday as SpaceX launched a Starship rocket.
- Trump will meet Warsh and Rowan at Mar-a-Lago this week.
Howard Lutnick, Trump's transition co-chair, wanted Treasury but yesterday was named Commerce Secretary.
- Scott Bessent, a hedge-fund manager who was another finalist for Treasury, looks to be in a derby for the consolation prize of director of Trump's National Economic Council.
- Another top candidate is Robert Lighthizer, who was U.S. trade representative in Trump's first term.
3. πΌ Workers feel stuck
Workers in the U.S. are running in place β feeling stuck in jobs with dimmed prospects for advancement, and seeing fewer opportunities to jump ship for something better, Axios Markets co-author Emily Peck writes.
- It's a sharp contrast to the heady days of 2022: Employees were quitting their jobs at record rates, open roles proliferated, and the possibility of a higher paycheck always seemed just around the corner.
π The big picture: Employers are sitting tight with hiring, says Daniel Zhao, lead economist at job site Glassdoor. That means "fewer opportunities for workers to climb the career ladder," he says.
- They're still plugging away at the same role they've had for years, without the opportunity to move up internally or at a new company.
ποΈ By the numbers: 65% of the professionals surveyed by Glassdoor last month said they feel stuck in their current roles.
- "As workers feel stuck, pent-up resentment boils under the surface," Zhao writes in a report out Tuesday.
4. π Trump-Musk field trip

Elon Musk has spent most of the two weeks since the election at Mar-a-Lago, on President-elect Trump's turf. Yesterday, Musk played host to Trump and a big entourage in South Texas, for a SpaceX launch of a Starship rocket.
- Trump listened intently as the world's richest man explained how the test would work and demonstrated with a model. Trump squinted into the bright sky to watch liftoff.
They visited the control room and toured rocket bays.

Why it matters: Trump's presence at the launch, amid the chaos of his transition, was a remarkable display of intimacy between the two men β one with implications for American politics, the government, foreign policy and even the possibility of humans reaching Mars. (AP)
5. πΊ NBC cable channels to get new home
Comcast plans to spin off NBCUniversal's cable networks β including MSNBC, CNBC, Oxygen, Bravo, USA Network and others β into a separate, publicly traded company.
- The move will allow NBCUniversal to focus on areas with higher potential growth, like streaming and theme parks, Axios Media Trends author Sara Fischer reports.
- The spinoff wouldn't include the NBC broadcast network, the Peacock streaming service, or Bravo and its reality programming, including the "Real Housewives" franchise.
π Between the lines: Cable television β while facing heavy viewership declines due to cord-cutting β is still very profitable.
π Other media news: Sally Buzbee, 59, former Washington Post executive editor, joins Reuters as news editor for the U.S. and Canada. Keep reading.
6. βοΈ Legal struggle for Google's browser
The Justice Department is expected to present proposals today to limit Google's power in the wake of an August court ruling that the giant abused its search monopoly, Axios managing editor for tech Scott Rosenberg writes.
- Why it matters: Google's leaders will be distracted by the government's antitrust assault, just as the firm faces the greatest challenge in its history from the OpenAI/Microsoft alliance.
The DOJ will ask the presiding judge to force Google to sell off or spin out the Chrome browser, according to a Bloomberg report.
- It's also likely to urge the judge to demand that Google license its search results and data to third parties and competitors.
- "Break up Google" is one scenario that no longer seems to be in play, and the government has decided not to seek the sale or spinout of Google-owned Android, the world's most popular mobile operating system.
πΌοΈ The big picture: Estimates of Chrome's market share vary but they all give Chrome billions of users on mobile and desktop β and half or more of the global browser market.
- Chrome is baked into the Android mobile operating system and has long served as a key starting point for Google searches. More recently, it has become a way for Google to funnel users toward its Gemini AI services.
- Owning Chrome lets Google follow users' online activity in ways that help it target the ads that make up the foundation of its business.
π Between the lines: Extracting Chrome from Google would require finding a buyer willing to pay up to $20 billion, per Bloomberg.
- If Google tries to set Chrome up as an independent company, the product β currently distributed free and supported by Google's advertising profits β would need to find a revenue source.
Much of Chrome's popularity rests on the convenience of its integration with Google's search and other products.
- As Daring Fireball author John Gruber put it: "It's like saying I have to sell my left foot. It's very valuable to me, but of no value to anyone on its own."
Lee-Anne Mulholland, Google's VP for regulatory affairs: "The DOJ continues to push a radical agenda that goes far beyond the legal issues in this case ... The government putting its thumb on the scale in these ways would harm consumers, developers and American technological leadership at precisely the moment it is most needed."
7. πΊ "Trump Dance" takes over sports

In the end zone, on the soccer pitch and on the golf course, athletes are suddenly all about the "Trump Dance," Axios' Erica Pandey writes.
- Why it matters: The moves reflect President-elect Trump's deep inroads in popular culture, which his campaign advisers long pointed to as an underappreciated strength.
π In the NFL, Raiders tight end Brock Bowers, Titans wide receiver Calvin Ridley and Lions defensive end Za'Darius Smith, among others, celebrated big plays with the "Trump Dance" recently. College football players are doing it too, AP reports.
- β½οΈ Christian Pulisic of the U.S. men's national soccer team imitated the moves to celebrate a goal on Monday.
- π₯ And UFC heavyweight champion Jon Jones did it during a fight on Saturday, with Trump in attendance.
- β³οΈ Golfer Charley Hull also did the dance during a Sunday match.
πͺ© Zoom out: The moves β inspired by a dance Trump has been doing at his rallies for years, pumping his fists and shaking his hips β have taken on a life of their own.
- "It's not a political dance. It was just for fun," Pulisic said.
8. π 1 good thing: Volunteering rebounds

Almost 30% of Americans volunteered between September 2022 and 2023 β a rebound of 5 points from a COVID-era low, according to a new AmeriCorps survey.
- That only counts "official" volunteering, through an organization. More than half of Americans regularly do some form of informal helping.
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