Trump National Golf Club in Los Angeles, CA. Photo: Reed Saxon / AP

Trump's businesses are showing a red-blue divide, the New York Times reports. Bookings are on the rise at Trump properties in the states that the president won, but revenue is declining in the states that Hillary Clinton took in November.

  • Take two Trump National Golf Clubs, one in Mooresville, North Carolina and the other in Los Angeles, California: Mooresville's "membership roster is nearly maxed out, and the private club is booking a record number of events," the Times reports. But in Los Angeles, the club saw "a double-digit drop in revenue from golf in the first six months of 2017 compared with a year earlier."
  • Other places where Trump businesses are losing money include New York, Chicago, and New Jersey. Mar-a-Lago in Palm Beach has also seen a sea of high-profile cancellations after Trump's controversial Charlottesville remarks.
  • Leaning into it: The Trump Organization has launched a line of budget-friendly hotels called 'American Idea' — a brand in line with Trump's "America First" campaign message. The first of these hotels will be built in Mississippi.

Go deeper

10 mins ago - World

Europe faces "stronger and deadlier" coronavirus wave

Paris under curfew. Photo: Kiran Ridley/Getty Images

The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France.

Why it matters: France has been "overpowered by a second wave,” President Emmanuel Macron said in a nationally televised address today. Macron said the "new wave will be stronger and deadlier" than the first.

Stocks close down more than 3%

Photo: Alexi Rosenfeld via Getty Images

Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.

Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.

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