AP

The Supreme Court decided Monday to allow President Trump's 90-day travel ban to go into effect for some travelers, overturning the actions of lower federal courts that blocked it.

  • What the ruling means: Unlike in the original travel ban, travelers with valid green cards and visas will be allowed to enter the U.S., but all refugees from the 6 countries listed — Iran, Libya, Somalia, Sudan, Syria and Yemen — will be banned.
  • Trump's response, on Twitter: "Very grateful for the 9-O decision from the U. S. Supreme Court. We must keep America SAFE!"
  • Timing: The justices also agreed to review arguments in the case in October, so today's decision could be reversed. In the meantime, Trump stated in a memorandum last week the the ban will go into effect within 72 hours of being cleared by the court.

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Fund managers start to board the stock bandwagon

Illustration: Aïda Amer/Axios

Asset managers at major U.S. investment firms are starting to get bullish with their clients, encouraging stock buying and trying not to get left behind right as the metrics on tech stocks rise back to highs not seen since the dot-com crash of 2000.

What's happening: Appetite for stocks is starting to return, but slowly as institutional money managers were overwhelmingly sitting on the sidelines in cash during April and May.

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China bans Cruz and Rubio over Xinjiang criticism

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China said Monday that it will ban entry to Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas) over their criticisms of human rights abuses in Xinjiang, the AP reports.

The big picture: The move seems to be retaliatory after the U.S. announced sanctions on four Chinese officials for human rights abuses against Uighur Muslims and other ethnic minorities in the region last week.

Roger Stone says he plans to campaign for Trump

Roger Stone appears yesterday outside his home in Fort Lauderdale. Photo: Johnny Louis/Getty Images

Roger Stone told Axios in a phone interview that he plans to write and speak for President Trump's re-election now that Stone "won't die in a squalid hellhole of corona-19 virus."

"I'm asthmatic," said Stone, 67. "Sending me to a prison where I could not be socially distanced ... would, I think, be a death sentence."