Jul 17, 2018

Trump responds to John Brennan after being accused of treason

Former Director of the U.S. Central Intelligence Agency (CIA) John Brennan testifies before the House Permanent Select Committee on Intelligence on Capitol Hill. Photo: Drew Angerer/Getty Images

During an interview with Fox News' Tucker Carlson, which will air at 8 p.m. EST Tuesday, President Trump called former CIA director John Brennan "a very bad person," according to a transcript obtained by the Daily Caller's Saagar Enjeti, hitting back at Brennan for criticizing his performance in Helsinki as "nothing short of treasonous."

Why it matters: There have been no indications that Trump intends to soften his criticisms of the U.S. intelligence community, even as people from across the political spectrum continue to express their shock and outrage following Trump's failure to stand up to Russian President Vladimir Putin.

"I think Brennan is a very bad guy and if you look at it, a lot of things happened under his watch. I think he's a very bad person. I also think when you watch Peter Strzok and Lisa Page, when you watch all the things that have happened — Comey, you take a look at that and McCabe who has got some pretty big problems I assume, you look at the deception, the lies — these are people that in my opinion are truly bad people, and they're being exposed for what they are."
— President Donald Trump

Go deeper: Trump blasted after press conference with Putin

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HBCUs are missing from the discussion on venture capital's diversity

Illustration: Eniola Odetunde/Axios

Venture capital is beginning a belated conversation about its dearth of black investors and support of black founders, but hasn't yet turned its attention to the trivial participation of historically black colleges and universities (HBCUs) as limited partners in funds.

Why it matters: This increases educational and economic inequality, as the vast majority of VC profits go to limited partners.

Unemployment rate falls to 13.3% in May

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show a surprising improvement in the job market, which has been devastated by the coronavirus pandemic.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.