Oct 29, 2018

Obama to campaign for Stacey Abrams in Georgia on Friday

Former President Barack Obama campaigns for Democratic candidates in Wisconsin last week. Photo: Scott Olson/Getty Images

Former President Barack Obama will headline a campaign rally on Friday in Atlanta for Democrat Stacey Abrams, who's locked in a virtual tie in the Georgia gubernatorial race against Republican Brian Kemp.

Why it matters: The rally comes in the closing days of the hotly contested governor's contest, which could also have historical significance given Abrams has the chance to become the nation's first black female governor. Meanwhile, President Trump will campaign on Sunday for Kemp in Macon. The Cook Political Report rates the race as a “toss up.”

Go deeper

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.