Andre Penner / AP

Snap's IPO roadshow gets underway: Snapchat's parent company arrived at New York's Mandarin hotel on Tuesday to pitch dozens of investors who piled in to listen to the presentation over a turkey lunch. At stake is the $3.2 billion Snap hopes to raise in a couple of weeks, at a likely valuation of about $20 billion.

  • As expected, Snap's executives fielded many questions about its app's user growth, which they attempted to blame some of the slowdown on problems with the Android app. However some investors, according to Bloomberg, thought it was "not addressing the elephant in the room"—Instagram, that is.
  • On the subject of its multi-billion deals with Google and Amazon for cloud services, Snap told investors that it expects those costs to decrease over time and that it's open to building its own data centers.
  • CEO Evan Spiegel also shared a taste of what the company could do in the future as a "camera company:" Building three-dimensional maps of locations like theme parks, according to Bloomberg, though he didn't say there are any plans to pursue mapping.

Go deeper

Delta CEO: Trump administration should issue mask mandate for air travel

Photo: Al Seib/Los Angeles Times via Getty Images

Delta CEO Ed Bastian on Friday told CNN that he believes the Trump administration should move to require the use of face masks during air travel amid a surge in coronavirus cases.

The big picture: Delta already requires passengers to wear masks during its flights, but Bastian says it can be difficult to enforce that directive if passengers refuse — and he's not sure if other airlines would be on board.

Trump's outdoor New Hampshire rally postponed due to weather

Photo: Win McNamee/Getty Images

President Trump's outdoor campaign rally in Portsmouth, N.H., slated to take place on Saturday, was postponed on Friday due to weather from Tropical Storm Fay, a senior White House official confirmed to Axios.

The state of play: Press Secretary Kayleigh McEnany told reporters on Air Force One that the event would take place in "a week or two" instead. The outdoor rally — which had encouraged the use of face masks — was scheduled after sparse attendance at Trump's indoor comeback to the campaign trail in Tulsa.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 12,333,740 — Total deaths: 556,110 — Total recoveries — 6,781,353Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 3,140,840 — Total deaths: 133,542 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: The U.S.' new default strategy: herd immunity
  4. ✈️ Travel: Delta CEO says Trump administration should issue mask mandate for air travelAirlines say air quality, cleanliness lower risk.
  5. Sports: Sen. Richard Blumenthal calls on colleges to cancel fall sports.