Sep 13, 2018

Trump's next great test

Illustration: Rebecca Zisser/Axios

As Americans face Hurricane Florence's landfall, President Trump inaccurately accused Democrats of fabricating Hurricane Maria's death toll to make him look bad.

The bottom line: The Carolinas will need the president and FEMA on their game, undistracted by cable news and past grudges

  • "3000 people did not die in the two hurricanes that hit Puerto Rico. When I left the Island, AFTER the storm had hit, they had anywhere from 6 to 18 deaths ..."
  • "This was done by the Democrats in order to make me look as bad as possible when I was successfully raising Billions of Dollars to help rebuild Puerto Rico."

Go deeper: Our reality check on the death toll estimates.

Between the lines: Even Trump-aligned Florida Republicans shied away from his statements.

  • Gov. Rick Scott (running for Senate) and Rep. Ron DeSantis (running for governor) both publicly defended Puerto Rico's casualty estimates. Their state is now home to hundreds of thousands of Puerto Ricans who left after the storms.

What's next:

  • Florence will bring the storm surge equivalent to a Category 4 hurricane and an inland flooding threat of historic proportions.
  • In inland areas, more than 3 feet of rain may fall as the storm lumbers southwest into South Carolina through Saturday.
  • By early next week, heavy rains could spread up the spine of the Appalachians and reach the Mid-Atlantic states.

Go deeper: Our full storm coverage.

Go deeper

Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

Health care workers are at an especially high risk of catching the coronavirus, because of their prolonged exposure to patients who have it. Making matters worse, the U.S. doesn't have enough of the protective equipment, like masks and gloves, that keeps them safe.

  • And yet these workers, with loved ones of their own, keep showing up at hospitals across the country, knowing that more Americans than they can possibly care for are depending on them.

Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

The Fed's massive injections of liquidity have reopened much of the bond market, and after back-to-back weeks in which more than $100 billion flowed out of bond funds, investors have regained their bearings and now see opportunity.

What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.

What top CEOs fear telling America about the coronavirus shutdown

Illustration: Eniola Odetunde/Axios

Top CEOs, in private conversations and pleas to President Trump, are warning of economic catastrophe if America doesn't begin planning for a phased return to work as soon as May, corporate leaders tell Axios.

Why it matters: The CEOs say massive numbers of companies, big and small, could go under if business and government don't start urgent talks about ways groups of workers can return.