Ron Vitiello (right). Photo: Win McNamee/Getty Images

The White House has retracted its nomination of 30-year border official Ron Vitiello to lead U.S. Immigration and Customs Enforcement, the AP reports.

Details: The announcement was delivered to members of Congress on Thursday. Vitiello was expected to join President Trump on a planned trip to the U.S.-Mexico border on Friday, but will no longer attend, according to AP sources. Details are unclear as to why Trump pulled the nomination, however, the news comes after a week of warnings that he would shut the border entirely. Three sources with direct knowledge were unauthorized to speak on the record, per the AP.

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Illustration: Eniola Odetunde/Axios

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Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

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Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.

Scoop: Top CEOs urge Congress to help small businesses

Illustration: Eniola Odetunde/Axios

With a new coronavirus relief measure stalled in Congress, CEOs of some of the world's biggest companies have banded together to send a message to Washington: Get money to small businesses now!

Why it matters: "By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon," warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.