Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

President Trump tweeted on Sunday evening about the ongoing California wildfires, stating that "bad environmental laws" have "magnified" the disaster and "made [it] so much worse."

"California wildfires are being magnified & made so much worse by the bad environmental laws which aren’t allowing massive amount of readily available water to be properly utilized. It is being diverted into the Pacific Ocean. Must also tree clear to stop fire spreading!"

Our thought bubble, via Axios science editor Andrew Freedman: President Trump appears to be referring to endangered species protections, which mandate availability of water for some species. However, firefighters haven’t complained about lack of water for firefighting, but rather, the extreme nature of these fires.

  • The factors contributing to these fires include decades of national forest mismanagement and climate change, which is making summers hotter and drier than they otherwise would be.
  • The Trump administration is working on broad changes to the Endangered Species Act — as well as opening federal forests to logging, oil and gas drilling. This tweet appears to tie the fires to both policy goals — without any evidence that they are key factors in the state’s devastating fire season.

What they're saying:

  • Ryan Maue, a meteorologist who works with the Cato Institute: "Blue check marks: please take a deep breath and read up on California's forest management issues that are decades in the making. Governor Brown blames climate change for wildfires and avoids any meaningful conversation on policy solutions."
  • Daniel Swain, a climate scientist at UCLA: "Lost in recent conversation over #wildfire risk is the following point by @thirstygecko: Warming #climate & drying forests/vegetation across American West is clearly not the only relevant factor behind emerging era of megafires. But it is large & growing contributor.#CAfire #CAwx"

Go deeper: In vast stretches of the warming, drying American West, there is no well-defined wildfire season anymore.

Go deeper

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

16 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.