Thursday, August 29, 2024

πŸ“± Axios PM: Trump's tirades

Plus: Personalized SportsCenter | Thursday, August 29, 2024
 
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Axios PM
By Mike Allen · Aug 29, 2024

Good afternoon. Today's newsletter, edited by Sam Baker, is 531 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.

 
 
1 big thing: Trump's conspiracy binge
 
Illustration of an angry facebook emoji that resembles Donald Trump

Illustration: Sarah Grillo/Axios

 

Former President Trump's reposts on Truth Social have grown more frequent and more vitriolic as polls suggest he's losing ground to Vice President Harris, Axios' David Lindsey and Dave Lawler write.

πŸ“± Just in the last 48 hours, he has reposted...

  • A series of messages that contain frequent QAnon sayings, including "nothing can stop what's coming," a popular saying by QAnon conspiracists, and "WWG1WGA," short for "Where we go one, we go all."
  • Fake images showing prominent Democrats in prison garb and calling for former President Obama to be subject to "military tribunals."
  • An image of Harris and Hillary Clinton that included a lewd and misogynistic comment about their careers.

Trump is also veering off message in other forums.

  • In an interview with Dr. Phil this week, he suggested Harris may have wanted him to get shot.

⚡️ Why it matters: Few undecided voters hang out on Truth Social, but the posts provide a taste of the stew of rage and conspiracy theories Trump and some of his most ardent supporters are consuming — often at the expense of issues that are much more salient to many more voters.

Go deeper.

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2. πŸ’° Record number of 401(k) millionaires
 
A line chart that illustrates the number of 401(k) millionaires at Fidelity from Q1 2017 to Q2 2024. The count rose from 108,000 to 497,000, peaking at 497,000 in Q2 2024. Notable trends include significant growth from Q4 2020 onward and a dip in Q2 2022.
Data: Fidelity; Chart: Axios Visuals

The number of Americans with at least $1 million in their retirement accounts hit a record high during the last quarter, according to new data from Fidelity.

  • The rising stock market drove a 2.5% increase in "401(k)-created millionaires" at Fidelity and a 6% jump in the number of people with a $1 million balance in an IRA.

πŸ’­ Our thought bubble: Tax breaks for retirement savings disproportionately benefit the wealthy, Axios' Felix Salmon writes.

  • Accumulating $1 million in a 401(k) is only an option for people who work somewhere that offers one, probably with a generous match, and who can afford to save the legal maximum every year.
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3. Catch me up
 
White House national security adviser Jake Sullivan meets Chinese President Xi Jinping in the Great Hall of the People in Beijing today. Photo: Li Xueren/Xinhua via AP
  1. πŸ‡¨πŸ‡³ National security adviser Jake Sullivan met with a top Chinese military leader in addition to China's leader, Xi Jinping. It's an important indication that both countries are willing to keep lines of communications open even as geopolitical tensions mount, The New York Times reports.
  2. 🦾 ChatGPT now has more than 200 million weekly active users — twice as many as it had a year ago. Go deeper.
  3. ⚖️ The FBI still fails to properly investigate child sex abuse cases, years after the Larry Nassar scandal, an internal Justice Department watchdog said. Go deeper.
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4. πŸ“Ί ESPN eyes AI "SportsCenter"
 
Screenshots: ESPN

ESPN launched a new tool today that will tell users where they can watch their favorite events, making it easier to navigate the complex web of cable channels and streaming services that now own a piece of live sports.

  • "Where to Watch" will also give users one-click access to games that are on an ESPN platform, or some regional sports networks.

πŸ€– What's next: ESPN is considering offering a personalized, AI-driven form of "SportsCenter" in the streaming app it plans to launch next year.

  • Users would choose which games they wanted covered, and AI would generate a broadcast of the highlights.
  • NBC did something similar during the Olympics, with a tool that used Al Michaels' voice to cover user-selected events.

Go deeper.

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