Aug 27, 2018

Report: U.S. and Mexico reach partial NAFTA deal

Mexican Foreign Minister Luis Videgaray (L) and Secretary of Economy Ildefonso Guajardo. Photo: Eric Baradat/AFP via Getty Images

The U.S. and Mexico have reached a preliminary agreement to revise disputed components of NAFTA, paving the way for Canada to enter talks and formally renegotiate the trade pact, reports the NYTimes.

The details: The agreed-upon changes reportedly center on the rules governing automobile manufacturing, with a greater emphasis on North American production and local steel, aluminum and auto parts. Per Axios' Jonathan Swan, U.S. Trade Representative Robert Lighthizer is counting on President Trump's popularity with Republicans to get a new NAFTA deal approved by Congress.

Go deeper

Dion Rabouin
8 mins ago - Economy & Business

Investors are ignoring the coronavirus pandemic by buying stocks and gold

Illustration: Eniola Odetunde/Axios

U.S. economic data is crumbling as increasing coronavirus cases keep consumers at home and force more cities and states to restrict commerce, but the stock market has continued to rise.

What's happening: Bullish fund managers are starting to lay down bets that it will be this way for a while. "The reason is: You have monetary and fiscal policy pushing the economy out of a problem and that is very, very bullish," Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, tells Axios.

Go deeper (2 min. read)Arrow
Caitlin Owens, Marisa Fernandez
3 hours ago - Health

How Trump's push to reopen schools could backfire

Illustration: Aïda Amer/Axios

The Trump administration’s full-steam-ahead push to fully reopen schools this fall is on a collision course with the U.S.' skyrocketing coronavirus caseload and its decades-long neglect of public education.

Why it matters: Getting kids back to school is of paramount importance for children and families, especially low-income ones. But the administration isn’t doing much to make this safer or more feasible.

Go deeper (2 min. read)Arrow
Kim Hart
3 hours ago - Economy & Business

Coronavirus squeezes the "sandwich generation"

Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.

Go deeper (2 min. read)Arrow