Luis Hidalgo / AP

Xi Jinping to be the new champion of globalization

The Chinese president will be the first in history to attend the World Economic Forum in Davos later this month. He is set to discuss the Chinese plan for "inclusive globalization," despite his government's continued reliance on protectionist policies that protect its export sector. With western governments under the spell of nationalism, Jinping has emerged as one of the few leaders eager promote further global integration—rhetorically at least.

Analyst: Americans could get a big tax rebate this year

Ian Shepherdson of Pantheon Economics suggest in a research note that the Trump Administration could copy the George W. Bush model of retroactive tax cuts in the form of direct checks to taxpayers, which could result in rebates as early as this spring. Bush did this three times—in 2001, 2003, and 2008—and would be the most attention-grabbing strategy for delivering tax relief.

Toy makers could be hit hard by tax reform

Toymakers such as Hasbro could see their earnings slashed by as much as 30% if a border-adjusted tax reform being considered in Congress passes, according to the The Wall Street Journal. The reform would penalize companies that import their products, while giving tax relief to those that produce at home.

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Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

2 hours ago - Politics & Policy

McConnell urges White House not to strike stimulus deal before election

Senate Majority Leader Mitch McConnell. Photo: Stefani Reynolds/Getty Images

Senate Majority Leader Mitch McConnell (R-Ky.) has urged White House negotiators not to cut a deal with Democrats on new coronavirus stimulus before the election.

Driving the news: McConnell informed Senate Republicans of the move at a closed-door lunch on Tuesday, two people familiar with his remarks tell Axios. McConnell's remarks were first reported by the Washington Post.