The numbers behind Scott Bessent’s contrarian stock take

Data: Gateway Financial Advisors; Table: Axios Visuals Treasury Secretary Scott Bessent broke with orthodoxy Sunday when he said corrections in stocks were “healthy” and an antidote to “euphoric” market action. The big picture: Over the long run, he’s not necessarily wrong. What they’re saying: “I’ve been in the investment business for 35 years, and I … Read more

Trump’s team sets historic test of immgrants’ speech rights

The Trump administration’s moves to deport Columbia University protest leader Mahmoud Khalil have set up a historic court battle over whether the U.S. government can remove legal residents as national security risks for what they say. Why it matters: If Trump’s team is successful, legal analysts say, future administrations could deport legal immigrants for any … Read more

Siri AI delays increase industry concern

Apple’s acknowledgment that AI enhancements to Siri are taking longer than expected has increased concern that the iPhone maker is falling further behind in what is shaping up to be a tectonic shift for the tech industry. Why it matters: When it announced Apple Intelligence last June, Apple was already trailing major competitors in outlining … Read more

Navy warship deployed on U.S.-Mexico border mission amid Trump immigration crackdown

Navy warship USS Gravely is on a mission to strengthen security at the U.S.-Mexico border, Pentagon officials said. Why it matters: The deployment of the guided-missile destroyer that last year was involved in shooting down Iran-backed Houthi rebels’ ship attacks in the Middle East to a region the U.S. Coast Guard ordinarily covers marks an … Read more

These Democrats are already jockeying for the 2028 nomination

Chart: Axios Visuals Former Transportation Secretary Pete Buttigieg is stirring speculation that he’s floating a potential bid to be the 2028 Democratic presidential candidate, after bowing out of local races this week. The big picture: Democrats eyeing runs for the White House in 2028 have largely remained coy about their intentions, though their actions indicate … Read more

“High risk” tornadoes take aim at the South as historic outbreak unfolds

A dangerous Saturday into Saturday night is set to unfold across the Deep South and into parts of the Southeast as a prolific tornado outbreak hits at least half a dozen states. Threat level: The NOAA Storm Prediction Center has issued a rare “high risk” outlook indicating forecasters’ confidence in numerous, powerful tornadoes, particularly in … Read more

Sinema takes revenge on Democrats over filibuster hypocrisy

Former Sen. Kyrsten Sinema of Arizona, a Democrat turned independent, is taking revenge on Democrats who criticized her longstanding push to keep the Senate filibuster. Why it matters: This week’s Democratic campaign to shut down the government called for using the filibuster, which some Democrats spent the last few years arguing shouldn’t exist. Zoom in: … Read more

Where Gen Zers are buying homes

Data: CoreLogic; Chart: Axios Visuals More Gen Zers are looking to break into the home market, new data shows. Why it matters: High housing costs and a supply crunch have made it harder, especially for younger people, to become homeowners. The big picture: Gen Z represented 13% of U.S. home mortgage applications in 2024, up … Read more