President Trump criticized FBI Director Christopher Wray for his reaction to the Justice Department inspector general's report on the Russia probe in a Tuesday tweet.

"I don’t know what report current Director of the FBI Christopher Wray was reading, but it sure wasn’t the one given to me. With that kind of attitude, he will never be able to fix the FBI, which is badly broken despite having some of the greatest men & women working there!"

The state of play, via Axios' Jonathan Swan: A number of current and former Trump administration officials think the president would like to dump Wray — but can’t stomach the trouble of firing another FBI director.

The big picture: Wray responded to the report's release by saying that many of the FBI oversights it details are "unacceptable," but added that it's "important that the inspector general found that, in this particular instance, the investigation was opened with appropriate predication and authorization."

  • Trump and his allies believed the report would highlight wrongdoing at the top ranks of the FBI throughout the Russia probe. Instead, it found the investigation legitimate but noted that some FBI officials failed to meet standards for surveillance applications.
  • Despite this, Trump told reporters Monday that the report was"far worse than I would have ever thought possible" and that investigators "fabricated evidence and they lied to the courts."

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Updated 59 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
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  5. World: India the second country after U.S. to hit 6 million cases
Dion Rabouin, author of Markets
1 hour 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.