AP Photo/Evan Vucci
President Trump today said that he isn't in favor of phasing in corporate tax cuts – perhaps taking upwards of five years to reach 20% statutory rates – as some Republicans in both the House and Senate have floated:
We're not looking for that. Hopefully not. Some people have mentioned that. Hopefully not.
Photo: Alex Wong/Getty Images
President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.
The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.
Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images
Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.
Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.
Illustration: Eniola Odetunde/Axios
This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.
Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.