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Trump’s children brought Secret Service money to the family business with their visits, records show

October 12, 2020

On trips like these, Secret Service agents were there to protect Trump’s children. But, for the Trump family business, their visits also brought a hidden side benefit.

That’s because when Trump’s adult children visited Trump properties, Trump’s company charged the Secret Service for agents to come along. The president’s company billed the U.S. government hundreds, or thousands, of dollars for rooms agents used on each trip, as the agency sometimes booked multiple rooms or a multiroom rental cottage on the property

In this way, Trump’s adult children and their families have caused the U.S. government to spend at least $238,000 at Trump properties so far, according to Secret Service records obtained by The Washington Post.

Government ethics experts say that nothing is wrong with Trump’s children seeking protection from the Secret Service.

But, they said, the Trump Organization’s decision to charge for the agents’ rooms created a situation in which

200 foreign governments, lobbying groups, and individuals that poured money into Trump’s businesses profited from his administration: NYT

October 11, 2020

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a group of people sitting around a living room: President Donald Trump speaks to the press after talking to members of the military via teleconference from his Mar-a-Lago resort in Palm Beach, Florida, on Thanksgiving Day, November 22, 2018. MANDEL NGAN/AFP via Getty Images

© MANDEL NGAN/AFP via Getty Images
President Donald Trump speaks to the press after talking to members of the military via teleconference from his Mar-a-Lago resort in Palm Beach, Florida, on Thanksgiving Day, November 22, 2018. MANDEL NGAN/AFP via Getty Images

Individuals, foreign governments, and lobbyists are spending big at Trump’s resorts and hotels and gaining from his administration, a New York Times investigation found.
It found that 60 individuals had spent $12 million in Trump’s businesses and, in some form, saw their interests advanced by his administration.
Trump won the election in 2016 pledging to “drain the swamp,” but is profiting from favor-seekers patronizing his hotels and resorts.
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More than 200 foreign governments, lobbying groups, and individuals spent money in President Donald Trump’s businesses and benefitted from his administration, a New York Times investigation found.

It documents how foreign government officials,

Could Trump’s Trade War Hurt His Chances In Michigan? Tariffs Have Impacted Farming, Steel In Swing State

October 10, 2020

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As President Donald Trump fights to win battleground state Michigan, there is evidence that his tariff policies have hurt his chances. Steel and agriculture are important industries in the state and billions of dollars have been lost due to tariffs.

In March 2018, the Trump administration imposed a 25% tariff on steel in order to protect American steel mills from foreign competition. The tariffs decreased demand for steel from the auto industry and other consumers, hurting steel plants.

Great Lakes Works, one of the largest mills in Michigan, laid off 1,250 workers in June and shut down steelmaking operations. The plant is owned by Pittsburgh-based U.S. Steel.

A Reuters analysis reveals that Michigan steelmakers have issued layoff notices to 2,000 workers since the tariffs were implemented.

The trade war has also hurt Michigan farmers. When Trump announced new tariffs on $60 billion of Chinese imports in May 2019, some farmers

Kamala Harris on Trump’s debt: ‘It means you owe money to somebody’

October 8, 2020

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Kamala Harris gave a blunt refresher on President Donald Trump’s finances early on in the vice-presidential debate Wednesday night.
“It would be really good to know who the president of the United States — the commander-in-chief — owes money to,” Harris said, referring to The New York Times’ investigation into Trump’s taxes that found him in debt for hundreds of millions of dollars in debt, $139 million of which he’s on the hook for within five years.
“Because the American people have a right to know what is influencing the president’s decisions, and is he making those decisions on the best interests of the American people — of you — or self-interest.”
“Just so everyone is clear, when we say in debt, it means you owe money to somebody” Harris said.
She also took a dig at Trump for how little he paid in federal income taxes.
“When I first

FOREX-Dollar steadies as angst over Trump’s stimulus stance fades

October 7, 2020

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By Julien Ponthus

LONDON, Oct 7 (Reuters) – The dollar steadied on Wednesday, ticking down against most currencies after an initial jump triggered by U.S. President Donald Trump cancelling stimulus talks with Democrat lawmakers, a move which increased demand for safe-haven assets.

Trump’s surprise decision to call off stimulus talks until after the Nov. 3 presidential election initiated a selling spree on Wall Street with investors bracing for fresh downside risks for an already shaky U.S. economy.

The initial shock from the announcement eased when the U.S. President later asked Congress to extend $25 billion in new payroll assistance to U.S. passenger airlines.

Sentiment improved overnight in Asia where markets hit a two-week high and U.S. stock futures made their way back to positive territory.

All in all, analysts said the renewed uncertainty over stimulus would encourage investors to trade riskier currencies cautiously.

“This is set to reinstate caution

Trump’s favorite trade scorecard posts its worst figure since 2006 as the election looms

October 6, 2020

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President Donald Trump talks to reporters during a meeting with Iraqi Prime Minister Mustafa Al-Kadhimi in the Oval Office at the White House August 20, 2020 in Washington, DC.
Anna Moneymaker-Pool/Getty Images

The US trade deficit swelled 5.9% to $67.1 billion in August, the Commerce Department said Tuesday, reaching its largest level since 2006.
Economists surveyed by Bloomberg expected the trade gap to widen to $66.2 billion.
Shipments of consumer goods led the increase in imports and hit a record high as companies prepared for holiday-season spending.
President Trump frequently pointed to the trade deficit as a gauge of his trade policies’ success. The growing gap gives him little to brag about heading into the 2020 presidential election.
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The US trade deficit swelled to its largest since 2006 in August as holiday-season importing accelerated.

The gap in trade of goods and services grew

Oil prices climb as Trump’s return to White House calms nerves

October 6, 2020

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By Sonali Paul and Seng Li Peng

MELBOURNE/SINGAPORE (Reuters) – Oil prices gained on Tuesday due to fears that refineries could be hit by a storm brewing in the Gulf of Mexico, while buyers also drew relief from U.S. President Donald Trump’s return to the White House after being treated for COVID-19 in hospital.

The gains slightly extended Monday’s rally of more than 5%, when buyers took heart from Trump saying he would return to the White House, and from growing hopes for an agreement on a U.S. stimulus package to counter the impact of the pandemic.

U.S. West Texas Intermediate (WTI) crude futures were trading 36 cents, or nearly 0.9% higher at $39.58 a barrel at 0710 GMT.

Brent crude futures rose 25 cents, or 0.6%, to $41.54 a barrel.

Oil prices had fallen sharply when Trump went to hospital on Friday, as the investors were filled with uncertainty

U.S. stocks, crude jump on revived stimulus hopes, Trump’s improving health

October 6, 2020

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By Stephen Culp

NEW YORK (Reuters) – U.S. stocks closed sharply higher and crude prices surged Monday as renewed optimism surrounding stimulus negotiations and news of President Donald Trump’s health progress helped calm investor anxiety.

U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued talks toward a bipartisan agreement on a new pandemic relief package. That revived hopes for a new round of stimulus more than two months after emergency unemployment benefits expired for millions of Americans.

“This probably is a bit of a relief rally,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “Two weeks ago there wasn’t much hope and now there’s a growing consensus that stimulus could pass before the election.”

“That seems to be where the market is leaning right now.”

Trump’s physician, Dr. Sean Conley, announced late in the session that the president has met or exceeded all

Oil prices edge up after Trump’s return to White House

October 6, 2020

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By Sonali Paul and Seng Li Peng

MELBOURNE/SINGAPORE (Reuters) – Oil prices rose on Tuesday following U.S. President Donald Trump’s return to the White House from hospital after being treated for COVID-19 last Friday, while another storm brewing in the U.S. Gulf of Mexico posed a threat to refineries.

Prices fell sharply last Friday when Trump went into hospital, then climbed more than 5% on Monday after he said he would return to the White House and as hopes grew that a deal could be agreed for a U.S. economic stimulus package to counter the impact of the coronavirus pandemic.

U.S. West Texas Intermediate (WTI) crude <CLc1> futures were trading up 24 cents, or 0.6% at $39.46 a barrel at 0435 GMT.

Brent crude <LCOc1> futures rose 21 cents, or 0.5%, to $41.50 a barrel.

An expanding strike by workers in Norway, which shut six offshore oil and gas fields,

Oil holds gains after Trump’s return to White House

October 6, 2020

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By Sonali Paul

MELBOURNE, Oct 6 (Reuters) – Oil prices edged higher in early trade on Tuesday after U.S. President Donald Trump returned to the White House from hospital after being admitted for treatment for COVID-19 last Friday, while another storm brewed in the U.S. Gulf of Mexico.

Prices fell sharply last Friday when Trump went into hospital, then climbed more than 5% on Monday after he said he would return to the White House and as hopes grew that a deal could be agreed for a U.S. economic stimulus package to counter the impact of the coronavirus pandemic.

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 2 cents to $39.24 a barrel at 0134 GMT.

Brent crude LCOc1 futures rose 8 cents, or 0.2%, to $41.37 a barrel.

An expanding strike by workers in Norway, which shut six offshore oil and gas fields, and the evacuation of