Good Monday morning.
🎬 On tonight’s "Axios on HBO" (11 p.m. ET/PT): I ask Vice President Pence whether people should wear masks in the White House (clip), and he says he'd welcome former national security adviser Michael Flynn back (clip).
🇮🇷 An "Iranian warship accidentally struck another with a missile during an exercise, killing 19 sailors and wounding 15 others," in the strategic Strait of Hormuz. (Reuters)
Illustration: Aïda Amer/Axios
Even with unprecedented job losses and a bruising recession, investors and betting markets are still putting their money on President Trump to win re-election in November, Axios Markets editor Dion Rabouin writes.
Joe Biden holds a sizable lead in most national and individual swing state polls.
But money managers still expect Trump to keep the White House in November.
The world's most popular betting destinations still show Trump as the clear favorite.
What we're hearing: The expectation for Trump to triumph seems to largely reflect optimism about the economy once various state and local lockdown orders end, economists say.
The bottom line: "The wild card obviously is the virus and the [potential] vaccine," Mark Zandi, chief economist at Moody's Investor Service, tells Axios.
In Salt Lake City, Euro Treasures Antiques owner Scott Evans closes his art and antiques store after 40 years. Photo: Rick Bowmer/AP
Asked about unemployment on CBS' "Face the Nation," White House senior economic adviser Kevin Hassett said: "I'm looking for rates north of 20%, sadly."
Treasury Secretary Steven Mnuchin said on "Fox News Sunday": "The reported numbers are probably going to get worse before they get better, but that’s why we’re focused on rebuilding this economy. We’ll have a better third quarter. We’ll have a better fourth quarter. And next year is going to be a great year."
Spotted in Euclid, Ohio. Photo: Tony Dejak/AP
The Great Recession of '08-'09 was called a "mancession" — 70% of the millions who lost their jobs were men, many in construction and manufacturing, the WashPost's Samantha Schmidt writes.
Until now, women had "never experienced an unemployment rate in the double digits since the Bureau of Labor Statistics began reporting data by gender in 1948."
Photo: Sam McNeil/AP
Visitors in face masks streamed into Shanghai Disneyland as the park reopened today in a high-profile step toward reviving tourism, AP's Sam McNeil reports.
Decals on sidewalks and at lines for attractions show visitors where to stand to keep themselves separated. The company said rides will be limited to one group of visitors per car to keep strangers apart.
"U.S. insurers are doing the once unthinkable, turning away business from some Americans who want a life-insurance policy," the Wall Street Journal's Leslie Scism writes (subscription).
"[S]ome companies say more consumers are seeking out life insurance during the coronavirus pandemic."
Illustration: Eniola Odetunde/Axios
Calls to include clean energy provisions in coronavirus recovery packages face uphill battles as the Trump administration and lawmakers are in crisis mode, Axios' Amy Harder writes in her "Harder Line" column.
But most major policies that would have the biggest impact on climate change are not huge job creators in the short term, says Varun Sivaram, a senior visiting fellow at the Columbia University’s Center on Global Energy policy.
Envelopes from mail-in ballots in Washington state in March. Photo: Jason Redmond/AFP via Getty Images
Forces behind a "Vote Early Day 2020" initiative are launching a paid media campaign this week to get companies to encourage people to seek absentee ballots or vote early in person amid the coronavirus threat, Axios White House editor Margaret Talev reports.
Courtesy Biden for President
Joe Biden calls President Trump's plans to reopen the economy a "false choice that none of us should fall for" designed to stoke partisan tensions to deflect from his administration's public-health failings in a Washington Post op-ed.
Photo: Smith Collection/Gado/Getty Images
Biometric ID company CLEAR, which you've likely encountered at airport checkpoints around the country, is introducing a new product that will link personal health data to verified IDs to help businesses screen employees for coronavirus infections as they return to work, Axios Future editor Bryan Walsh reports.
Stiller in a 1994 "Seinfeld" episode. Photo: Michael Yarish/NBCU Photo Bank/NBCUniversal via Getty Images
Jerry Stiller, the comedian best known for his roles on "Seinfeld" and "The King of Queens," has died of natural causes, according to an announcement from his son, Ben.
Screenshot via CNN
As a Mother's Day guest during his daily coronavirus news conference, New York Gov. Andrew Cuomo [Corrected] welcomed his mom, Matilda Cuomo, former first lady of New York when her husband, the late Mario Cuomo, was governor.
Below, Senate Health Committee Chairman Lamar Alexander (R-Tenn.) showed off a mask reminiscent of the signature red-checked shirts from his campaigns.
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