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Stocks surge following Trump-Xi trade war truce

Photo: Spencer Platt/Getty Images

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.

Go deeper

Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Communities of color are falling behind in America's vaccine effort.
  2. Politics: Hundreds of Biden staffers receive COVID vaccine — Axios-Ipsos poll: Trust in federal COVID-19 response surges.
  3. Business: Bankruptcy filings hit decade-high last year.
  4. World: U.K. surpasses 100,000 COVID-19 deaths — 44% of Israelis have already received at least one vaccine dose.
  5. Sports: Pandemic has cost the NCAA $600 million — CDC looks at lessons learned from NFL's testing and contact tracing.
Go deeper (1 min. read)Arrow
Dave Lawler, author of World
1 hour ago - World

Biden holds first phone call with Putin, raises Navalny arrest

Putin takes a call in 2017. Photo: Handout/Anadolu Agency/Getty

President Biden on Tuesday held his first call since taking office with Vladimir Putin, pressing the Russian president on the arrest of opposition leader Alexey Navalny and the Russia-linked hack on U.S. government agencies.

The state of play: Biden also raised arms control, bounties allegedly placed on U.S. troops in Afghanistan and the war in Ukraine, according to a White House readout. The statement said Biden and Putin agreed maintain "consistent communication," and that Biden stressed the U.S. would "act firmly in defense of its national interests in response to actions by Russia that harm us or our allies."

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Russell Contreras
2 hours ago - Politics & Policy

Biden signs racial equity executive orders

Joe Biden prays at Grace Lutheran Church in Kenosha, Wisconsin, on September 3, 2020, in the aftermath of the police shooting of Jacob Blake. PHOTO: Jim Watson/AFP via Getty Images

President Joe Biden on Tuesday signed executive orders on housing and ending the Justice Department's use of private prisons as part of what the White House is calling his “racial equity agenda.”

The big picture: Biden needs the support of Congress to push through police reform or new voting rights legislation. The executive orders serve as his down payment to immediately address systemic racism while he focuses on the pandemic.

Go deeper (1 min. read)Arrow