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What bank's booming profits say about the economy
Some of America's biggest banks are making more money now than they were before the pandemic hit.
Why it matters: Quarterly earnings out this week hint that the worst economic scenarios haven't yet come to pass. Still, executives are warning there could be a rocky road ahead for the economy.
SurveyMonkey poll: Trump improves, but not enough
President Trump's final debate performance exceeded Americans' expectations, but it wasn't enough to shift the dynamics that left him trailing Joe Biden across most measures, according to a new Axios-SurveyMonkey poll.
What they're saying: "Liar" was the word used most by debate watchers to describe Trump's performance, followed by "lies," "strong," "presidential" and "childish." "Presidential" was the word used most to describe Biden's performance, followed by "liar," "weak," "expected" and "honest."
- "Informative" and "Trump" led the descriptions of the debate itself, followed by "Biden," "civil" and "boring."
The big picture: Biden's favorable-unfavorable rating among U.S. adults is at 46-45% after the debate, while President Trump's is 10 percentage points underwater, at 42%-52%, with a week and a half remaining in the race.
- Among independents, Biden's favorable ratings have climbed into positive territory, jumping 18 percentage points to +4 since the first debate on Sept. 29. Trump climbed seven percentage points with independents, but that still leaves him at -27.
By the numbers: 44% of debate watchers — and 73% of Republicans — said Trump did better than they expected. Only 11% overall said he did worse than they expected.
- But Biden was more trusted than Trump on five of seven issues covered in the debate: the coronavirus (48%-36%), the environment (50%-31%), issues of special concern to women (48%-30%), ethics in government (47%-36%) and issues of special concern to Black Americans (44%-37%).
- Foreign policy (44%-43%) and crime/safety (41%-43%) were essentially a draw between Biden and Trump.
The intrigue: Is the mute button here to stay?
- 64% of debate watchers, including a slim majority of Republicans, said allowing the muting of candidates' microphones made the debate better.
Methodology: This SurveyMonkey online poll was conducted October 22-23, 2020 among a national sample of 2,742 U.S. adults, including 2,322 who watched the debate or followed coverage of it.
- Respondents for this survey were selected from the more than 2 million people who take surveys on the SurveyMonkey platform each day.
- The modeled error estimate for this survey is +/- 3.0 percentage points. Data have been weighted for age, race, sex, education, and geography using the Census Bureau’s American Community Survey to reflect the demographic composition of the United States age 18 and over.
Live: Apple debuts MacBook Air, Mac Mini with homegrown processor
Apple on Tuesday debuted the first Macs with homegrown chips, introducing updated versions of the MacBook Air and Mac mini that use its new M1 processor.
Why it matters: The move away from Intel processors could reduce costs for Apple and give the company more flexibility in design, but also adds short-term uncertainty as well as extra work for developers.
How Biden is selling his infrastructure plan to Democrats
White House senior adviser Anita Dunn is making the case that Democrats can't lose by rallying around President Biden's infrastructure plan because its individual components poll even higher than the $1.9 trillion COVID stimulus passed last month.
Driving the news: "Key components of President Biden’s American Jobs Plan are overwhelmingly popular — among a bipartisan and broad coalition," Dunn wrote in a memo to "interested parties" obtained by Axios around Biden's rollout of the first of two infrastructure spending packages.