Nov 26, 2018

Trump says General Motors "better get back" to Ohio soon

Courtenay Brown

President Trump speaks with General Motors CEO Mary Barra during a meeting with automobile industry leaders at the White House in 2017. Photo: Saul Loeb/AFP via Getty Images

President Trump told the Wall Street Journal that he urged General Motors to stop making cars in China and open a new plant in Ohio to replace the one the company is planning to close. Trump later echoed those remarks while speaking with reporters on his way to a Mississippi rally:

"I was very tough. I spoke with [GM's CEO Mary Barra] when I heard they were closing and I said, 'This country has done a lot for General Motors and you better get back [to Ohio] soon.' ... I have no doubt in a not-too-distant future [GM] will put something else in."
— President Trump speaking with reporters on Monday

Why it matters: At a 2017 Ohio rally, Trump promised residents that manufacturing jobs would be returning to the state, telling the crowd: "Don't move. Don't sell your house." But on Monday, GM announced that it plans to cut 15% of its salaried workforce (roughly 14,700 people) in North America and idle factories in Michigan, Ohio, Maryland and Canada.

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Axios

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.

Go deeperArrowUpdated 39 mins ago - Health
Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851 — Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 356,942 — Total deaths: 10,524 — Total recoveries: 18,999 — Map.
  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 experts — What to know about social distancing — Q&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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Keep ReadingArrowUpdated 2 hours ago - Politics & Policy
Courtenay Brown

Stocks jump 7% despite bleak coronavirus projections

People passing by the New York Stock Exchange amid the coronavirus pandemic. Photo: John Nacion/NurPhoto via Getty Images

The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.

Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.

Keep ReadingArrow3 hours ago - Economy & Business