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Stocks jumped in early trading on Monday, with the Dow Jones Industrial Average opening 400 points higher and the S&P 500 and Nasdaq Composite each rising over 1%.
Why it matters: The stock surge comes after the 90-day ceasefire of the trade war between the U.S. and China, with the hope that it will ratchet down tensions between the two nations in the long term and provide relief for companies that have been feeling the pain from tariffs.
President Trump on Friday refused to answer a direct question on whether or not he supports the QAnon conspiracy theory during a press briefing.
Why it matters: Trump congratulated Georgia Republican Marjorie Taylor Greene, who vocally supports the conspiracy theory, on her victory in a House primary runoff earlier this week — illustrating how the once-fringe conspiracy theory has gained ground within his party.
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The National Association of Letter Carriers, the union representing roughly 300,000 current and former postal workers, on Friday endorsed Joe Biden in the 2020 presidential election, calling him "a fierce ally and defender of the U.S. Postal Service," reports NBC News.
Why it matters: The endorsement comes as President Trump has vowed to block additional funding for the USPS in the next coronavirus stimulus package, linking it to his continued baseless claims that increased mail-in voting will lead to widespread voter fraud.
Illustration: Sarah Grillo/Axios
U.S. lawmakers are demanding answers from the World Bank about its continued operation of a $50 million loan program in Xinjiang, following Axios reporting on the loans.
Why it matters: The Chinese government is currently waging a campaign of cultural and demographic genocide against ethnic minorities in Xinjiang, in northwest China. The lawmakers contend that the recipients of the loans may be complicit in that repression.