Sep 4, 2018

Stock trading app sees spike in buying Nike shares

Colin Kaepernick kneels on the sideline, during the anthem. Photo: Michael Zagaris/San Francisco 49ers/Getty Images

Since Nike unveiled its new ad campaign with ex-NFL player Colin Kaepernick, millennial stock-trading app Robinhood says its users have been buying the sports apparel company’s stock three times more than they’re selling, up from 12% last week.

Why it matters: Nike’s stock was down 3% on Tuesday, but its bet on the political campaign seems to be paying off with young consumers — Robinhood is popular among millennials and its users are 31-years-old on average. Go deeper: Why some Nike analysts are staying silent

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Jacob Knutson

Biden says he'll follow CDC mask guidance: "Listen to the Faucis of the world"

Joe Biden said on ABC's "This Week" Sunday that he will follow the Centers for Disease Control and Prevention's new recommendation that people wear face coverings when they leave home to prevent the spread of the coronavirus.

Why it matters: After the White House announced the guideline last week, President Trump said he will likely not wear a mask and emphasized that the guidance was "voluntary."

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Louisiana governor says state will run out of ventilators on April 9

Louisiana Gov. John Bel Edwards said on CNN's "State of the Union" Sunday that modeling projects his state will run out of ventilators for coronavirus patients on April 9 and hospital beds on April 11.

Why it matters: New York is the only state in the country with a worse per-capita death rate than Louisiana, where around 12,500 people have been infected and 409 have been killed.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 9 a.m. ET: 1,216,422 — Total deaths: 65,711 — Total recoveries: 252,478 — Map.
U.S.: Total confirmed cases as of 9 a.m. ET: 312,245 — Total deaths: 8,503 — Total recoveries: 15,021 — Map.
Public health latest: CDC launches national trackers and recommends face coverings in public. Federal government will cover costs of COVID-19 treatment for uninsured. The virus is hitting poor, minority communities harder and upending childbirth.
2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. "We're having the convention at the end of August."
Business updates: Restaurants step up for health care workers. Employees are pressuring companies to provide protections during coronavirus.
Oil latest: Monday meeting among oil-producing countries to discuss supply curbs is reportedly being delayed amid tensions between Saudi Arabia and Russia.
Education update: Many college-age students won't get coronavirus relief checks.
What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
Other resources: CDC on how to avoid the virus, what to do if you get it.

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