Axios

💳 🏠 🚗 Between a gloomy job market and rising inflation, Americans are looking for relief wherever they can — but even though the Fed has cut rates for the first time this year, it may not change much in terms of credit card and mortgage rates. Here's what to know.

Axios' Media Trends Live Tune in to Axios' inaugural Media Trends Live event dedicated to the people, platforms and power shifts redefining media. We'll dive into the trends transforming the business, from shifts in AI and entertainment to the ad market evolution and competition for sports rights.

Axios' AI+ DC Summit Tune in to Axios' AI+ DC Summit featuring top voices from government, tech and business exploring the urgent questions around AI regulation, geopolitics, misinformation and the real world impact of AI.

Tesla's board chair suggested today that there are no restraints on Elon Musk's political activities. https://lnkd.in/eVR6Rc3E

When asked by Mike Allen on The Axios Show if the U.S. is “pissing away valuable relationships” with steep tariffs against allies, Commerce Secretary Howard Lutnick says that these have been one-way relationships: “India brags that they have 1.4 billion people. Why won’t their 1.4 billion people buy one bushel of U.S. corn?”

In the premiere episode of The Axios Show, Commerce Sec. Howard Lutnick tells Axios co-founder Mike Allen that Biden’s federal student loan relief plan wasn’t “reasonable” or “fair.” "Who did he think was going to pay that bill? You, me and every other American with a job should pay the bill?”

On the premiere of The Axios Show, Commerce Secretary Howard W. Lutnick tells Axios co-founder Mike Allen that Elon Musk’s DOGE strategy was “backward,” saying that the X CEO fired people instead of slashing government waste. "His Twitter example where he was able to cut 80% of the people out — he thought that example worked for government."

In the premiere episode of The Axios Show, Commerce Sec. Howard Lutnick tells Axios co-founder Mike Allen that Trump is turning up the pressure on drugmakers to lower prices. “The costs in America are insane. So he’s saying, look, if we can get the rest of the world to pay more, we can pay less.”

In the premiere of The Axios Show, Commerce Sec. Howard Lutnick blamed Hyundai for ICE’s raid on a plant in Georgia, alleging that the company brought the workers in on tourist visas. He told Mike Allen: "You can't do things the old way. Donald Trump requires you to do it correctly. You want to immigrate, you want to bring workers here, go through the right process. You can't skirt the rules anymore. That is over."

On the premiere of The Axios Show, Commerce Secretary Howard W. Lutnick told Mike Allen that Trump won’t “own” the economy’s performance until the end of this year. That’s despite comments Lutnick made in July, when he said that “the Trump Economy has officially arrived” following a strong GDP report. 👀 Stay tuned for the full episode later this week.