😎 Good Tuesday morning from San Francisco!
🏆 Hugest congrats to Alexi McCammond, Axios 2020 reporter and one of the earliest Axios journalists, who yesterday was named Emerging Journalist of the Year by the National Association of Black Journalists (NABJ):
Illustration: Aïda Amer/Axios
Top news executives say an acute "Trump slump" is hitting media, especially digital and cable, Axios' Sara Fischer and Neal Rothschild report.
Driving the news: Media executives say audience interest in political coverage overall is down, which is spurring investments in other beats, like technology and the global economy.
By the numbers: Digital demand for Trump-related content (number of article views compared to number of articles written) dropped 29% between the first six months of the Trump presidency and the most recent six months, according to data from traffic analytics company Parse.ly.
Similar trends are happening in more traditional media settings:
Our thought bubble: The Trump bump that buoyed the news industry through difficult economic times isn't sustainable, and media companies that were once reliant on politics coverage to get through tough times are going to have to pivot.
Swing counties that backed Barack Obama, then flipped to Donald Trump in 2016, are struggling economically — a potential problem for his re-election bid, which depends heavily on the president celebrating national economic gains.
There are 207 counties where Obama won in both '08 and '12, before they flipped to Trump in '16.
Big Tech is betting hard that consumers, especially younger ones, won't care too much what you know about them as long as you give them really cool stuff.
Two weeks ago, while in Seattle, I visited my first Amazon Go store. The small, seemingly harmless shop's capabilities for snooping are immense.
But when it comes to Go — or Instagram following what I'm "liking" to point me to clothes I'll buy or Uber tracking where I'm going and what I'm ordering — I just don't care what the company knows.
Illustration: Aïda Amer/Axios
Around the world, companies big and small are feverishly plotting our future lifestyle — smart cities, driverless vehicles, wearable technology, internet-connected everything at home — all activated by our voices and thoughts, Axios Future editor Steve LeVine writes.
What's happening: For almost two decades, a tiny handful of companies, including Google, Facebook, Microsoft, and China's Alibaba and Tencent, have created this new economy as a byproduct of their powerful platforms.
Shoshana Zuboff of Harvard Business School, author of "The Age of Surveillance Capitalism," distinguishes this new economic order from the old industrial capitalism with its core aim of producing a tangible good.
Early this morning, Elon Musk's SpaceX launched its heftiest rocket, with 24 research satellites aboard, from Kennedy Space Center in Cape Canaveral, Fla.
The Defense Department mission carried 24 satellites, a deep-space atomic clock, solar sail, a clean and green rocket fuel testbed, and ... human ashes, per AP.
Snapchat host Peter Hamby argues today in a big Vanity Fair piece that Democrats are largely ceding the content wars to the Trumpy right and their meme factories, hoping that facts and reason will naturally triumph.
"When Ann Sarnoff steps onto the Warner Bros. lot as its new chair and CEO later this summer, she’ll be the first woman to hold the job in the 96-year history of the studio," The Hollywood Reporter's Rebecca Keegan writes.
Her talks about the job with WarnerMedia chief John Stankey "centered on the dramatic changes in consumer behavior facing the media giant, which will launch its own streaming service later this year."
Barak Ravid of Israel's Channel 13 writes for Axios from Manama, Bahrain:
Russia's booming stock market and currency, China's second quarter bounce and Nicolás Maduro's ability to hold power in Venezuela:
Why it matters: As the Trump administration mulls further punitive actions on China, Iran and a growing list of countries, there's growing evidence the U.S. is losing its coercive power.
Stars perform Mueller report: John Lithgow joined a growing list of actors who have taken on the role of President Trump in a live reading of the Mueller report, AP's Katie Campione writes:
The reading also featured Kevin Kline as Mueller, Joel Grey as Jeff Sessions, Jason Alexander as Chris Christie, and Alfre Woodard as Hope Hicks.
📱 Thanks for reading Axios AM. Invite your friends, relatives, co-workers to sign up here.