Jun 4, 2018

Trump told Kim Kardashian that Kanye tweets help with black voters

Photo: Karen Minasyan/AFP via Getty Images

During his meeting with Kim Kardashian about prison reform ("and sentencing") last week, President Trump told her that she and her husband Kanye West were helping his popularity with black voters, Bloomberg reports.

Big picture: Last month, Trump told the NRA that Kanye West's tweets — which claimed that both West and Trump were "dragon energy"— had helped double his approval rating. He seemed to be referring to a Reuters poll from April that showed the President's approval rating among African-Americans rising from 11% to 22% in a week.

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Democrats demand new Russia sanctions over 2020 election interference

Putin and Trump. Photo: Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Senate Democratic leaders will send a letter to Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin on Monday afternoon demanding they sanction Russia — and potentially Russian President Vladimir Putin himself — for attempting to influence the 2020 presidential election.

Why it matters: The letter follows reports that a senior intelligence official briefed Congress that Russia is again interfering in the November election to help Trump. White House national security adviser Robert O'Brien repeatedly rejected that assessment on Sunday, and CNN later reported that the briefer may have overstated the intelligence community's evidence about Russia's goals.

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.