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U.S. economy adds 1.8 million jobs in July
The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.
Why it matters: The pace of job growth slowed significantly, suggesting a stalled recovery as coronavirus cases surged and states pulled back on reopening plans.
Elon Musk is starting to sound more like Henry Ford
Tesla CEO Elon Musk, who has spent more than a decade trying to disrupt the traditional auto industry, is sounding more and more like the man most closely associated with it: Henry Ford.
Why it matters: In his quest to build affordable electric cars for the masses, Musk is starting to embrace many of the ideas pioneered by Ford's founder — things like vertical supply chains and an obsession with manufacturing efficiency. A century ago that approach helped to popularize the American automobile by lowering the cost of the Model T.
Who Joe Biden might put on the Supreme Court
In the wake of Supreme Court Justice Ruth Bader Ginsburg's death, Democrats are compiling lists of Black women they want Joe Biden to consider for the bench if he's elected — with an eye toward people from outside the traditional legal establishment.
Why it matters: Supreme Court appointments are one of the most consequential parts of any president's legacy, and a President Biden would need to find picks who could try to wrangle liberal victories from a solid conservative majority.
California imposes limited stay-at-home order for 94% of residents
California Gov. Gavin Newsom on Thursday announced that the majority of the state will be under a limited stay-at-home under as of Saturday due to rising coronavirus cases nationwide.
The big picture: The order will impose a monthlong curfew between 10 p.m. and 5 a.m. for residents in 41 counties, covering roughly 94% of the state population. Newsom said earlier this week he was pulling an "emergency brake," halting further reopening plans, tightening restrictions on indoor businesses and strengthening mask mandates.