🎸 Happy Monday! Situational awareness: Elvis Presley’s Graceland, which calls itself "the second most recognized home in America (after the White House)," will reopen Thursday in Memphis with tours at 25% capacity.
⏰ Today's Smart Brevity™ count: 1,169 words ... 4½ minutes.
Illustration: Aïda Amer/Axios
Some in Silicon Valley are optimistic this dark period for the economy could spawn a generation of startups whose founders finally got the nudge they needed to make the leap, Axios' Kia Kokalitcheva reports from S.F.
Look for COVID startups to fall into two buckets:
What's happening: Layoffs are swelling at startups, larger pre-IPO tech companies, and public firms like Uber and Lyft.
Y Combinator, the famed startup accelerator program, is seeing 15-20% more applicants for its summer program, admissions chief Dalton Caldwell tells Axios.
Photo: Chris Albert for "60 Minutes"/CBS News
Powell, on damage from a prolonged downturn: "There's a real risk that if people are out of work for long periods of time, that their skills atrophy a little bit and they lose contact with the workforce. This is something that shows up in the data — that longer and deeper recessions tend to leave behind damage to people's careers."
🇺🇸 P.S. David McCormick, chief executive of Bridgewater Associates, writes in the Financial Times (subscription) that America's coronavirus comeback should include a national innovation policy:
Illustration: Sarah Grillo/Axios
Bank restrictions on financing oil and gas drilling in the Arctic are akin to past practices —known as redlining — of not loaning to communities of color, Energy Secretary Dan Brouillette tells Axios' Amy Harder for her "Harder Line" column.
Brouillette cited his past work at USAA, a financial services firm: "For years and years and years, banks would not lend money, insurance companies would not write policies in minority areas in the country."
Experts said the redlining comparison is inappropriate and inaccurate.
Above: Virginia Beach oceanfront on Saturday.
Below: Jaime Susano of Buckeye Union High School in Arizona celebrates during a drive-thru ceremony, Parade of Graduates, on the track at Phoenix Raceway.
Above: NASCAR, trying to stave off financial ruin, brought back live sports yesterday in Darlington, S.C., with no tailgating and no fans in the stands.
Below: Kevin Harvick celebrates in a lonely winner's circle.
"Two months after the cruise industry shut down, ... more than 100,000 crew members remain trapped at sea with little reliable information about what will happen to them," the Miami Herald reports.
Ivanka Trump tours Coastal Sunbelt Produce in Laurel, Md., on Friday. Photo: Andrew Harnik/AP
Ivanka Trump will Zoom tomorrow with Apple's Tim Cook, Lockheed Martin's Marillyn Hewson, the National Association of Manufacturers' Jay Timmons and other CEOs, as the American Workforce Policy Advisory Board meets entirely virtually for the first time.
Ivanka Trump said: "The White House is thankful that companies like Udacity, Western Governors University, Coursera and other online learning platforms are stepping up during this crisis to meet American students and workers where they are."
The New Yorker cover is "Natural Ability," by Barry Blitt (new winner of the Pulitzer Prize for Editorial Cartooning), who tells the magazine's "Cover Story" feature that "nothing would surprise me" about President Trump:
The drawing's title is based on a Trump boast in March while touring the CDC in Atlanta: "I like this stuff. I really get it. ... Maybe I have a natural ability."
The RNC today will announce an eight-figure hiring wave — 300 more Trump Victory staff who'll deploy to target states by June 1, bringing the field staff to 1,100+.
The party says Trump Victory teams made 10 million calls last week, an RNC record.
The N95 respirator, one of the most coveted items during the pandemic, has a storied history, stretching all the way back to plague masks (seen above) during Europe's Black Death in the 1600s.
Our era of social distancing is fueling the return of ding-dong ditch, "giving grown-ups a much-needed dose of nostalgia and mischief," writes Ellen Byron for a Wall Street Journal A-hed.
"It is showing up in our purchase data that people are utilizing Ding Dongs as a way to reimagine this version of an old childhood game," Hostess Brands' chief marketing officer told the Journal.
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