Jan 21, 2018

Social Democrats vote to enter coalition talks with Merkel

Merkel and Schulz. Photo: Steffi Loos/Getty Images

Germany's Social Democrats voted Sunday to enter coalition negotiations with Angela Merkel's conservative bloc. The process of forming a government has dragged on for four months and had endangered her chances of staying on as leader, though she is now on track to remain in office.

What's next: Members of the Social Democratic Party will have to approve any coalition deal. Leader Martin Schulz says he'll "push for more concessions from the conservatives on labor, health and migration policies," per AP.

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U.S. coronavirus updates: Death toll tops 10,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,000 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday this week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 23 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 1,341,907 — Total deaths: 74,476 — Total recoveries: 275,851Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 364,723— Total deaths: 10,781 — Total recoveries: 19,346Map.
  3. 2020 update: Wisconsin governor orders in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Wells Fargo's small busines surprise

Illustration: Aïda Amer/Axios

Wells Fargo surprised small business owners late Sunday when it said that it had run out of money to lend to small businesses under the Paycheck Protection Program (PPP), the federal stopgap for COVID-19 relief.

  • But an announcement by the Federal Reserve today might quell concerns for the customers who will be hard-pressed to apply for cash elsewhere.

Why it matters: Because of restrictions placed on Wells Fargo after its fake accounts scandal, one of the nation's biggest lenders says it's had to turn away struggling small business customers.