Jul 25, 2018

Tariffs are popular topic on corporate earnings calls

Dan Primack, author of Pro Rata

Source: Axios Visuals

President Trump's trade wars are a popular topic this corporate earnings season, with CNBC reporting that "tariffs have been mentioned in some form [by] more than 40% of the 146 S&P 500 companies that have already reported second-quarter earnings."

Bottom line: Some companies, such as Whirlpool and Coca-Cola, say that tariffs already have negatively affected their business, but the broader economic impact won't really be known until third quarter numbers are released by both companies and federal agencies.

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Ashley Gold, Kyle Daly
2 hours ago - Technology

Justice Department sues Google over alleged search monopoly

Illustration: Lazaro Gamio/Axios

The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets.

Why it matters: The long-awaited suit is Washington's first major blow against the tech giants that many on both the right and left argue have grown too large and powerful. Still, this is just step one in what could be a lengthy and messy court battle.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trust — Florida breaks record for in-person early voting.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 5 million infections.
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Orion Rummler
2 hours ago - Politics & Policy

In photos: Florida breaks record for in-person early voting

Voters wait in line at John F. Kennedy Public Library in Hialeah, Florida on Oct. 19. Photo: Eva Marie Uzcategui/AFP via Getty Images

More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports.

The big picture: Voters have already cast over 31 million ballots in early voting states as of Tuesday, per the U.S. Elections Project database by Michael McDonald, an elections expert at the University of Florida.

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