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Donald Trump, Equifax, Hong Kong: Your Monday Briefing

EntertainmentDonald Trump, Equifax, Hong Kong: Your Monday Briefing

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Good morning.

We’re covering the trade war’s effects on Chinese spending in the U.S., and looking ahead to Robert Mueller’s testimony on Capitol Hill and the leadership transition in Britain.

The falloff is the result of several factors, including Washington’s increased scrutiny of Chinese investments and Beijing’s tightened limits on foreign spending.

The effects are being felt across the U.S. economy, including the tech, real estate and auto industries, as well as state governments. Even if a trade deal is reached, experts believe Chinese investment will continue to be tepid.

The details: Chinese direct investment in the U.S. fell to $5.4 billion in 2018 from $46.5 billion in 2016, according to an economic research firm.

Closer look: Stephen Bannon, President Trump’s former chief strategist, has helped revive a Cold War-era group that warned against the dangers of the Soviet Union to focus on China.

But the best-paid Santas can recoup that quickly. The wage-tracking site PayScale, citing 2017 data, said high earners could make more than $20,000 during the 40 or so days of the Christmas shopping season.

That’s it for this briefing. See you next time.

— Chris

Thank you
To Mark Josephson and Eleanor Stanford for the break from the news. Victoria Shannon, on the briefings team, wrote today’s Back Story. You can reach the team at
[email protected].

• We’re listening to “The Daily.” Today’s episode is about Boris Johnson, who is expected to become Britain’s next prime minister.
• Here’s today’s Mini Crossword, and a clue: Santa’s little helper (three letters). You can find all our puzzles here.
• The Graphics, Science and Immersive Storytelling teams at The Times collaborated on telling the story of the Apollo 11 mission using the astronauts’ own words and photographs.

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