Lazaro Gamio / Axios

New White House Communications Director Anthony Scaramucci is already making his presence felt, telling Politico's Tara Palmeri today that he'll fire Michael Short, a loyalist to Chief of Staff Reince Priebus. And don't be confused by last week's public bromance: Scaramucci and Reince aren't friends. It's totally phony.

  • Why it matters: Reince has a very small number of loyalists left in the White House, with most of them in the press shop. Scaramucci has been given carte-blanche firing authority by Trump.
  • What to watch: What happens if Scaramucci fires another Reince loyalist in the press shop? And then another one? Then Reince is exposed and in a situation where his clout is tested with Trump.
  • How not to read this: Mooch keeps saying "everybody" will get fired, but he has a very friendly relationship with the Trump originals, the campaign veterans who aren't tied to the RNC. In particular, that means Hope Hicks and Dan Scavino.

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Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 2 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).