Photo: Saul Loeb / AFP / Getty Images

President Trump told reporters as he left the White House Tuesday that he made the decision to fire Secretary of State Rex Tillerson "by myself" and admitted that he "didn't really discuss it much" with Tillerson before announcing it on Twitter.

His reasoning: Trump said that he appreciated Tillerson's commitment the position, but that the two "disagreed on things." The president said that he and Pompeo are much more aligned, adding, "From day one, I have gotten along with Mike Pompeo."

Top quotes:

  • "I've worked with Mike Pompeo now for quite some time. Tremendous energy, tremendous intellect. We're always on the same wave length. The relationship has always been very good. That's what I need as secretary of state."
  • "I actually got along well with Rex. But really it was a different mindset. It was a different thinking ... I wish Rex a lot of good things … I think Rex will be much happier now."
  • "I’m really at a point where we're getting very close to having the cabinet and other things that I want."

Go deeper

Updated 37 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 33,137,748 — Total deaths: 998,372 — Total recoveries: 22,952,164Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 7,116,456 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine. The long-term pain of the mental health pandemic
  5. World: India the second country after U.S. to hit 6 million cases
Dion Rabouin, author of Markets
53 mins ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

Expand chart
Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.

Fortune 100 companies commit $3.3 billion to fight racism and inequality

Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

Big businesses continue to push funding toward fighting inequality and racism, with the 100 largest U.S. companies' monetary commitments rising to $3.33 billion since the death of George Floyd at the hands of Minneapolis police earlier this year, according to an Axios analysis.

Why it matters: The continued pace of funding commitments shows that months after Floyd's death there remains pressure for the wealthiest corporations to put their money behind social issues and efforts.