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.
Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images
French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.
Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.
Photo: Gary Kellner/PGA of America via Getty Images
The 2020 PGA Championship tees off Thursday at San Francisco's TPC Harding Park, which is hosting its first-ever major.
Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.
Illustration: Sarah Grillo/Axios
Even if Friday's jobs report shows a big number, it is becoming clear hiring slowed and likely even reversed course in July and real-time indicators suggest the employment situation worsened into August.
Driving the news: Payroll processor ADP's monthly jobs report showed private companies added 167,000 jobs last month, well below the 1.2 million expected by economists and far below June's 4.8 million jobs added.