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Data: FactSet; Chart: Axios Visuals

The S&P 500 has jumped 42% under President Trump — according to market data from the inauguration through 2019's final day of trading.

Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success — one that, along with the 50-year low unemployment rate, he's sure to continue to tout as the 2020 election approaches — but the gains under him lag those under former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.

  • Even if you count the 2016 post-election day market rally, the S&P's performance is still behind former President George H.W. Bush (measuring from election day through the end of the third year in office).

The bottom line: Only about half of Americans own stocks, "largely through retirement accounts," as the Washington Post notes, citing Federal Reserve data.

  • Meanwhile, Trump's trade war, which added to stock market volatility, has cut into the financial well-being of America's farmers.

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Biden campaign using Instagram to mobilize celebrity supporters

Collins appears on the Build live interview series in November 2019. Photo: Gary Gershoff/Getty Images

The Biden campaign is launching a new initiative today that will draft Hollywood celebrities for Instagram Live chats with campaign officials and other Biden supporters.

Why it matters: The campaign, called #TeamJoeTalks, is an attempt to open up a new front on social media, drawing on celebrities’ Instagram followers to help find and motivate voters while large parts of the country remain locked down.

Updated 10 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 11,458,291 — Total deaths: 534,460 — Total recoveries — 6,184,379Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 2,888,729 — Total deaths: 129,947 — Total recoveries: 906,763 — Total tested: 35,512,916Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona hot spot near capacity — Houston mayor warns about hospitals
  4. Public health: U.S. infections hit record highs for 3 straight days.
  5. Politics: Former Trump official Tom Bossert says face masks “are not enough”
  6. World: Mexican leaders call for tighter border control.
Column / Harder Line

Coronavirus topples 2020 energy and climate predictions

Illustration: Annelise Capossela/Axios

In early January, I laid out 10 energy and climate change issues to watch this year. Spoiler alert: A pandemic was not on that list.

The big picture: The coronavirus has left no part of our world untouched, energy and climate change included. Let’s check in on my 2020 predictions at the halfway mark of this tumultuous year.