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Illustration: Aïda Amer/Axios
There are two contradictory and ultimately irreconcilable stories playing out in the global economy, Axios Markets editor Dion Rabouin writes.
Analysts say the Fed's U-turn shows that the world's top economic minds see danger.
Yes, U.S. stocks are roaring and touching new all-time highs, joining a global rally in equities.
The bottom line: At some point, the global economy will have to stand on its own, without artificially low interest rates and trillions in stimulus from central banks.
Onstage and on the air, 2020 Democrats are talking about topics like health care, student loans and reparations. But in the online scramble for donations and e-mail addresses, Trump-centric topics dominate the left's conversation.
Why it matters: Polarizing topics are being pushed via ads on social platforms, where algorithms elevate content that tends to be more emotion-driven.
The bottom line: The need to get donations fast is driving a push toward more polarizing messaging.
On Washington's investigations of Trump moves from Mueller and House Democrats, the Watergate legend said there would need to be tapes or other dramatic new evidence as "propellant" before impeachment became realistic.
Asked about the likelihood that there are revealing tapes of Trump, Woodward said: "It's pretty clear Mueller didn't find them on these issues."
Woodward said that the U.S. attorney's office in Manhattan (the Southern District of New York), which continues to investigate Trump and his family business, "is very aggressive and independent, well-staffed."
Be smart: "The thing that no one likes, including you, is the pause button," Woodward told me.
Sarah Sanders held her first briefing in more than a month Thursday, but still didn't field questions from working journalists, AP's Darlene Superville writes.
Photos: George Frey/Getty Images; Joe Biden for President
Joe Biden reached out Anita Hill through an intermediary a few weeks ago and arranged a telephone call, hoping to assuage her, but it did not go how he had hoped, per the N.Y. Times.
"But Ms. Hill says the call from Mr. Biden left her feeling deeply unsatisfied."
Chinese President Xi Jinping "signaled a recalibration of his [Belt and Road Initiative] as he sought to assuage foreign critics who blame Beijing for pushing excessive lending onto developing economies," write The Wall Street Journal's Chun Han Wong and James T. Arredy (subscription):
Why it matters: The worldwide infrastructure-building project "has pushed China’s huge construction, telecommunications and shipping companies to go global at a time when a cooling domestic economy means less business at home."
Two-day delivery is going out of style, AP's Joseph Pisani writes:
Why it matters: The company hopes that cutting delivery times in half will make its $119-a year Prime membership more attractive, since every other online store offers free deliveries in two days.
P.S. ... Amazon's profit rises sharply: Amazon "notched a best-ever $3.56 billion quarterly profit as it continued to lean on higher margin businesses and put a lid on costs." (WSJ)
"Apple got there first, then Amazon, and [yesterday], Microsoft became the third American company to reach a market valuation of $1 trillion," the N.Y. Times' Stephen Grocer writes.
Why it matters: "[I]t underscores the remarkable recovery in technology stocks since their precipitous decline late last year."
"Start-ups like Trak, Yo and SpermCheck are selling at-home testing kits so men can figure out early on if there’s something amiss with their sperm," the WashPost's Ariana Eunjung Cha reports.
It's not even May, but you might as well start familiarizing yourself with the song that you'll be hearing all summer.
Why it matters: It's Swift's first new music under her mega-deal with Universal Music Group, which took steps to ensure that all of the label's artists would see profits should it ever sell off any of its 3.5% stake in Spotify, per Vox.
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