Alex Brandon / AP

Almost immediately after President Trump offered the White House communications director position to New York financier Anthony Scaramucci, Press Secretary Sean Spicer resigned, telling Trump that he "vehemently disagreed" with his decision, per The New York Times' Glenn Thrush.

According to Thrush, Trump offered Scaramucci the job at 10am, and asked that Spicer remain on the team, but Spicer said the appointment was "a major mistake."

What's next: Spicer announced on Twitter that he will continue to serve as press secretary through August before officially stepping down. He also told CNN that he thinks the White House is now in a position where Trump "could benefit from a clean slate."

Go deeper

36 mins ago - Sports

Pac-12 football players threaten coronavirus opt-out

Illustration: Eniola Odetunde/Axios

A group of Pac-12 football players have threatened to opt out of the season unless the conference addresses systemic inequities and concerns related to the coronavirus pandemic.

Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

Betting on inflation is paying off big for investors

Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.

Scoop: Top CEOs urge Congress to help small businesses

Illustration: Eniola Odetunde/Axios

With a new coronavirus relief measure stalled in Congress, CEOs of some of the world's biggest companies have banded together to send a message to Washington: Get money to small businesses now!

Why it matters: "By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon," warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.