Photo: Manuel Balce Ceneta / AP

President Trump has developed a new line that he uses at rallies, fundraisers and White House meetings.

He asks voters: "How's your 401k doing?" with the expectation that the strength of the climbing U.S. stock market will help get him reelected. But as Bloomberg points out, more than half of Americans don't even have a 401k — especially the lower-income voters in Trump's base.

By the numbers:

  • Roughly 45% of private-sector workers enroll in an employer-sponsored retirement plan. The least likely group to have such an account are the low-income workers in Trump's base, according to the Government Accountability Office, per Bloomberg.
  • p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Helvetica Neue'; color: #454545} span.s1 {color: #e4af0a} Only a third of people contribute anything to their retirement accounts, according to a Census study released this year.
  • Less than 25% workers in the bottom half of the income scale participate in a retirement program, according to the GAO, per Bloomberg.
  • Only about 14% of U.S. families directly own stocks.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

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Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.

Facebook goes after Apple

Illustration: Lazaro Gamio/Axios

Facebook is seeking to force a face-off with Apple over its 30% in-app purchase commission fee, which Facebook suggests hurts small businesses struggling to get by during the pandemic.

The big picture: Facebook has never publicly gone after Apple, a key strategic partner, this aggressively. Both companies face antitrust scrutiny, which in Apple's case has centered on the very fee structure Facebook is now attacking.