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No, you won’t get $125 from Equifax

TicToc Tonight
Bloomberg

Greetings, TicToc readers! Step into tomorrow smarter with your Thursday debrief:

But first...

There's no such thing as free money

Buzzkill alert: If you're one of the many claimants who filed for a $125 payout from the 2017 Equifax data breach settlement, brace yourself. Unsurprisingly, the FTC says "the public response to the settlement has been overwhelming," which means victims who filed for the money option will get "nowhere near $125." Consumers are now urged to opt for a decade of free credit monitoring, which the FTC says would be worth "hundreds of dollars a year."

Highly quotable

"Bad cops, shameful:" What banking and finance staffers in Hong Kong chanted during a post-work flash mob protest.

"A bundle of contradictions:" How Anne Frank started her last diary entry on this day in 1944, days before she was sent to Auschwitz. 

"Monkeys:" The racist term Ronald Regan used to describe Africans during a 1971 phone call with then-President Richard Nixon. 

$ignificant figures

10%: The value of tariffs Trump imposed on $300 billion in Chinese imports beginning Sept. 1, a move set to hit U.S. consumers directly.

$1.2 billion: How much NBC projected it would sell in ads for its 17-day coverage of the 2020 Olympics in Tokyo.

15,000: The number of square miles wildfires in Siberia have already burned through, an area larger than the state of Maryland.

What's good

On an equal footing. In a key step toward gender equality, Saudi Arabia will reportedly allow women to travel abroad without permission from a male guardian, ending a widely criticized restriction, local media reported. While it wouldn't dismantle the guardianship system entirely, it would be a significant move in that direction, experts say.

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-Andrew Mach

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