Jun 14, 2019

Ivanka Trump made $4 million in 2018 off investment in dad's D.C. hotel

Photo: Chris Jackson/Getty Images

The White House released on Friday the 2018 financial disclosure forms filed by Ivanka Trump and Jared Kushner, who both act as senior advisers to President Trump.

Details: The forms, which still require approval from White House counsel, show that Trump made $4 million from her investment in the Trump International Hotel in Washington, D.C., per Bloomberg. They also show that her income from her fashion and handbag brands — which she announced would shut down last year — dropped precipitously from 2017.

  • The forms show that, combined, Trump and Kushner took in between $28 million and $135 million in outside income. Both have not divested from their outside businesses during their White House tenure.

Read the documents:

Go deeper: Trump made at least $434 million from his business in 2018

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Scoop: Inside the Trump campaign's big hedge on Facebook

Illustration: Eniola Odetunde/Axios

The Trump campaign has invested most of its advertising budget to date on Facebook, testing thousands of versions of ads per day to maximize its spending.

But behind the scenes, a source familiar with the campaign tells Axios, the thinking has shifted: "As everyone can see, we still have strong spending on Facebook, but the percentage of our total media budget [on Facebook] is shrinking."

Trump's revenge tour has the House in its sights

Illustration: Aïda Amer/Axios. Photo: Saul Loeb/Getty Contributor

In the lead-up to the 2018 midterm elections — buoyed by Republican control of both chambers — President Trump viewed campaigning for the House as a lower-tier priority and instead poured his energy into rallying for the Senate.

But after the GOP reckoning in 2018, and experiencing firsthand how damaging a Democratic-led House has been to him, Trump is now personally invested in helping Republicans regain the majority in November, several people familiar with his thinking tell Axios.

Pelosi warns U.S. allies against working with China's Huawei

Nancy Pelosi, Feb. 16. Photo: Sven Hoppe/picture alliance via Getty Images

House Speaker Nancy Pelosi on Sunday cautioned U.S. allies against allowing Chinese telecommunications giant Huawei to develop their 5G networks, arguing at the Munich Security Conference that doing so is akin to “choosing autocracy over democracy," CNBC reports.

Why it matters: Pelosi's hawkish stance marks a rare area of agreement with the Trump administration, which believes Huawei is a national security threat because the Chinese government may be capable of accessing its equipment for espionage.

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