May 31, 2019

Chart: U.S. economic growth since 2008

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Data: Bureau of Economic Analysis; Chart: Chris Canipe/Axios

The U.S. economy grew at a 3.1% annualized rate in the first quarter of the year, revised down from the initial 3.2% estimate. It was a faster pace than the previous quarter's 2.2% and significantly more than the 2.1% economists were expecting, the Commerce Department said in April, thanks to strong exports and consumer spending.

Why it matters: Economists are less optimistic about what’s ahead for economic growth for the rest of the year, thanks to uncertainty about how the escalated U.S.-China trade war could impact business sentiment. The Atlanta Fed, for example, estimates Q2 GDP will come in at 1.3%, while JP Morgan says growth will be just 1% in the second quarter.

Go deeper ... Goldman Sachs: First quarter of 2019 is a "GDP pothole"

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Trump goes full law-and-order

Photo: Tom Brenner/Reuters

President Trump's final decision to speak in the Rose Garden last evening as protests raged outside the gate was made only hours before, reflecting chaos on both sides of the fence.

Why it matters: Trump’s ultimate remarks fell where his instincts always were: blunt, brutal law and order, with extreme demonstrations of militarized “strength” and blustery threats.

Amid racial unrest, a test at the polls

Photo: Stephen Maturen/Getty Images

Eight states plus D.C. are holding primary elections today following a week of intense protests across the country over the brutal police killing of George Floyd.

Why it matters: It's the first major test for voting since the national outcry. Concerns over civil unrest and the police — as well as the coronavirus and expanded absentee voting — could reduce the number of voters showing up in person but heighten tensions for those who do.

Axios-Ipsos poll: America’s big racial divide on police, virus

Data: Ipsos/Axios survey; Note: ±3.2% margin of error; Chart: Andrew Witherspoon/Axios

A new Axios-Ipsos poll finds that America has a massive racial gulf on each of our twin calamities — trust in police, and fear of the coronavirus.

  • 77% of whites say they trust local police, compared with just 36% of African Americans — one of many measures of a throbbing racial divide in Week 11 of the Axios-Ipsos Coronavirus Index, taken the week George Floyd was killed by a white policeman in Minneapolis.