Private equity firm Silver Lake is in talks to move its global headquarters from 9 West 57th St. to the new Hudson Yards project, Axios has learned. No contracts have yet been signed, nor is it clear if Silver Lake would actually pack up its offices before its current lease expires in two years.

Why it matters: 9 West 57th has been private equity and hedge fund central for years, serving as global HQ to such firms as Silver Lake, Apollo, KKR, Och-Ziff, Tiger Global and more. It is to NYC private equity what Sand Hill Road is to Silicon Valley venture capital (or what Bay Colony used to be to Boston venture capital).

KKR already signaled in late 2015 that it plans to leave for Hudson Yards, and Silver Lake's departure would begin to look like something of a trend. Moreover, while the Silver Lake discussions began before last November's election, word is that traffic and security issues related to nearby Trump Tower have only served to make them more intense. No comment from Silver Lake.

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Trump casts himself as chief defender of American history in divisive speech at Rushmore

President Trump spoke out against a "merciless campaign" to wipe out American history during a Fourth of July celebration at Mount Rushmore.

Why it matters: Trump's "dark and divisive" speech comes as states continue to hit new coronavirus records and a national reckoning against racial inequities pushes forward, The New York Times writes. Trump's public approval is faltering heading toward the November elections, and he made an appeal to his base at Friday's spectacle, per The Washington Post.

Drive-in movie theaters are making a comeback

Illustration: Annelise Capossela/Axios

Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.

Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 a.m. ET: 11,093,182 — Total deaths: 525,491 — Total recoveries — 5,890,052Map.
  2. U.S.: Total confirmed cases as of 7:30 a.m. ET: 2,795,163 — Total deaths: 129,437 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.