Mar 5, 2018 - Economy & Business

Paul Ryan's not-so-subtle message to Trump on tariffs hitting stocks

Photo: Olivier Douliery-Pool/Getty Images

House Speaker Paul Ryan's office has blasted out a CNBC story about President Trump's steel and aluminum tariffs spooking the stock market.

Why it matters: There are still a number of senior officials, both inside the administration and on Capitol Hill, who hold out hope that continued declines in the stock market could spook Trump out of broad-based tariffs. They hope he'll narrow them and exempt allies such as Canada. They know Trump's fetish for the stock market, and hope that the president sensing an end to his record-breaking run will get him to reconsider.

AshLee Strong, Ryan’s spokeswoman: “We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan. The new tax reform law has boosted the economy and we certainly don't want to jeopardize those gains.”

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Fadel Allassan

Updated 21 mins ago - World

2 Lebanese ministers and 9 lawmakers resign days after deadly explosion

Anti-government protesters in Beirut. Photo: STR/NurPhoto via Getty Images

Lebanon’s information and environment ministers resigned Sunday in the wake of massive protests over the deadly blast in Beirut's port last week, per AP.

Why it matters: In her resignation letter, Information Minister Manal Abdel-Samad called change "elusive" and apologized for not delivering more to the country, which had been devastated by a financial crisis and the coronavirus pandemic even before the blast destroyed much of the capital city.

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Axios

Updated 33 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 3 a.m. ET: 19,863,850 — Total deaths: 731,374 — Total recoveries — 12,117,346 — Map.
U.S.: Total confirmed cases as of 3 a.m. ET: 5,044,864 — Total deaths: 162,938 — Total recoveries: 1,656,864 — Total tests: 61,792,571 — Map.
Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
States: New York reports lowest rate of positive coronavirus test results since pandemic began
Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020.
Schools: 97,000 children test positive for coronavirus in two weeks — Nine test positive at Georgia school where photo showing packed hallway went viral .

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Zachary Basu

Updated 2 hours ago - World

Police and protesters clash in Belarus after "Europe's last dictator" claims election win

Protesters and riot police clash in Minsk, Belarus, on Sunday during a demonstration against President Alexander Lukashenko's claim of a landslide victory. Photo: Misha Friedman/Getty Images)

Riot police clashed with protesters in Belarus overnight after a government exit poll predicted Sunday President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had overwhelmingly defeated a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic threaten to topple "Europe's last dictator." There were reports of police in Minsk using excessive force on protesters in a brutal crackdown.