Mar 28, 2017

Trump delivers ratings boom for cable news

Fox News had the best quarter in cable news history, thanks in large part to its flagship program, The O'Reilly Factor, which had the biggest quarter ever for a cable news show (4 million viewers). MSNBC, CNN and Fox were all mostly up in daily audience and demo numbers. While MSNBC beat out CNN on the weekdays, thanks to record-breaking viewership of Rachel Maddow during the 9:00 p.m. hour, CNN still beat out MSNBC in viewership for the quarter.

Why it matters: Even though Fox pulled out the biggest overall numbers, MSNBC's growth from Q1 last year is notable. Per The Hollywood Reporter, MSNBC grew 55% and 61% in daytime and primetime, respectively, and 40% and 49% in the demo. CNN grew only 13% in daytime (+22% in the demo) but fell 17% in primetime (-11% in the demo). Fox's growth was in between with gains of 27% in daytime ratings (+32% in the demo) and 20% in primetime (+19% in the demo)

Why it doesn't matter: The fact that all three networks were up in total daily viewership means the Trump bump wasn't exclusive to the election. Per Pew, all three networks have experienced ratings bumps since 2015, meaning that cable news could be increasing in viewership more broadly.

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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.

Wisconsin Supreme Court blocks governor from delaying state's primary

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.

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