President Trump. Photo: Anna Moneymaker-Pool/Getty Images

President Trump issued a required release of his 2019 financial records after receiving two 45-day extensions due to the COVID-19 pandemic.

What we know: Trump's minimum income was at least $446 million last year, but it was not specified whether the company took home a profit or a loss.

  • His daughter Ivanka and son-in-law Jared Kushner also shared their financial disclosures on Friday, reporting at least $36 million in income, per Politico.

The records show slightly declining revenue at some of the president's properties in 2019 compared to 2018 — a drop-off that's likely to continue in 2020 due to coronavirus lockdowns and travel industry declines.

  • His Mar-a-Lago resort in Palm Beach, Florida, fell to $21.4 million in 2019 compared to $22.7 million in 2018, and his Washington, D.C., property dropped to $40.5 million from $40.8 million, per Bloomberg.
  • Trump National Doral golf course in Florida, however, did see an increase in revenue, reaching $77.2 million from $76 million.
  • Trump golf courses in New Jersey, Florida and North Carolina also experienced jumps in revenue.

The president's reported income also includes...

  • The sale of a $13.5 million mansion in Beverly Hills, California.
  • More than $100,000 in royalties from his book "The Art of the Deal."
  • Legal services from Rudy Giuliani are listed as a gift to the president per the request of the Office of Government Ethics, although Trump contends it was not a reportable gift.
  • No other gifts were reported.

Go deeper

Updated Oct 21, 2020 - Politics & Policy

Trump campaign reports shrinking cash haul to FEC

President Trump during a campaign rally at the Erie International Airport on Wednesday in Erie, Pa. Photo: Noah Riffe/Anadolu Agency via Getty Images

President Trump's re-election campaign had $63.1 million in the bank by the end of September after spending some $139 million that month, filings to the Federal Election Commission Tuesday night show.

Why it matters: The Trump campaign reported having $121 million in cash and $900,000 in debts the previous month. Trump's campaign and the shared Republican committees had just over $251 million at the start of October.

Snap beats Q3 analyst expectations

Illustration: Axios Visuals

Snap's stock price shot up by more than 23% in after-hours trading Tuesday after the company posted Q3 results that beat analyst estimates.

Why it matters: Similar to other social media companies, Snap's business has done well during the ongoing COVID-19 pandemic.

Dion Rabouin, author of Markets
Oct 21, 2020 - Economy & Business

Government forbearance programs are keeping homeowners afloat

Reproduced from National Multifamily Housing Council; Chart: Axios Visuals

While headlines caution that 6 million people fell behind on their rent or mortgages last month, that number includes many who are supported by government forbearance programs, meaning they face no penalty for missing payments.

Zoom in: The Mortgage Bankers Association found that 3.4 million mortgage payments were missed in September, but the group's own data also show 3.4 million homeowners were enrolled in federal forbearance programs that month.