Oct 31, 2017

Manufacturers go after Trump nominee for Export-Import Bank

Sample of a digital targeted ad that will run in South Carolina Wednesday. Provided to Axios by National Association of Manufacturers

A powerful industry body representing manufacturers is homing in on South Carolina Sen. Tim Scott to crush the confirmation of Scott Garrett — President Trump's nominee to run the Export-Import Bank.

Jay Timmons, who leads the National Association of Manufacturers, told me that his group will launch targeted digital ads Wednesday in South Carolina urging Scott's constituents to call his office and persuade him to pull support from Garrett. The ads are timed to coincide with Garrett's confirmation hearing with the Senate Banking Committee. He faces a razor-tight vote and the White House is watching nervously. Scott is one of the senators who's considering opposing him.

Why this matters: There's been a major ideological fight inside the administration, in the business community, and on Capitol Hill over Garrett's appointment. When he served in Congress, Garrett fought aggressively against the government-backed bank which provides financing to help American businesses compete overseas.

Major corporations like Boeing, who are benefited by Ex-Im, view Garrett as totally unacceptable to run an institution they say they rely on to compete globally.

Conservatives say Garrett is just the man they need to curb the excesses of a bank they consider the worst example of "crony capitalism."

Between the lines: Timmons is one of the most powerful industry leaders in America; he's helping the White House with tax reform and he can leverage the manufacturing angle to appeal to Trump's populist instincts. Timmons told me he doesn't believe — based on Garrett's record in Congress — his attempts to "cast a different image" that he'd be a "reformer" rather than a "destroyer" of the institution.

White House officials have a blunt retort to that argument. They say, 'sure, Garrett tried to shut down the bank but now he'll be working for a president who's ordered him to make it operational.' They also say they needed to nominate a conservative to ensure the votes of hardline senators like Alabama's Richard Shelby.

Timmons is confident Garrett has yet to lock down the votes he needs to get confirmed. And White House officials are privately anxious about where this is heading.

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World coronavirus updates: World Bank warns economic pain unavoidable

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus has caused a "global shock" and significant economic pain "seems unavoidable in all countries," the World Bank said in an economic update for
East Asia and the Pacific on Monday.

The big picture: COVID-19 cases surged past 786,000 and the death toll exceeded 37,800 early Tuesday, per Johns Hopkins data. Italy reported more than 11,500 total deaths.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 a.m. ET: 786,228 — Total deaths: 37,820 — Total recoveries: 166,041.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 2 a.m. ET: 164,603 — Total deaths: 3,170— Total recoveries: 5,896.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30.
  4. State updates: Rural-state governors say testing is still inadequate, contradicting Trump — Virginia, Maryland and D.C. issue stay-at-home orders to residents, joining 28 other states.
  5. Business latest: Ford and General Electric aim to make 50,000 ventilators in 100 days.
  6. In photos: Navy hospital ship arrives in Manhattan.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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U.S. coronavirus updates: Death toll tops 3,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The U.S. death toll from the novel coronavirus has now surpassed 3,000, per Johns Hopkins data.

The state of play: The U.S. had by Monday night recorded more than 163,000 positive cases — more than any other country in the world, per Johns Hopkins. The COVID-19 death toll stood at 3,008. The number of recoveries had risen to more than 5,800.

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