Feb 26, 2020 - Sports

A 62-year old Marine set a record by planking for 8 hours

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Remote work shift calls for fast footwork

Illustration: Sarah Grillo/Axios

Air CEO Shane Hegde received a frantic call last week from New York nonprofit Robin Hood (not to be confused with the brokerage app). The organization needed to immediately finish moving all its digital assets to the cloud as it was suddenly sending employees to work from home.

The only solution: He dispatched an employee to Robin Hood’s offices to pick up more than 20 hard drives and upload their contents as fast as possible.

2019 stock market gains still leave Trump behind his predecessors

Data: FactSet; Chart: Axios Visuals

The S&P 500 has jumped 42% under President Trump — according to market data from the inauguration through 2019's final day of trading.

Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success — one that, along with the 50-year low unemployment rate, he's sure to continue to tout as the 2020 election approaches — but the gains under him lag those under former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.

Trading halted as U.S. stocks plummet

Traders work the floor of the New York Stock Exchange. Photo: David Dee Delgado/Getty Images

The stock market fell as much as 7% on Monday morning — a decline so steep that trading was halted for 15 minutes.

Why it matters: The massive sell-off points to Wall Street's anxiety about the global economy. The steep declines come as Saudi Arabia launched an oil price war against Russia over the weekend, while the coronavirus outbreak worsened.