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2:00 PM ET, December 24, 2018

memeorandum

 Top Items: 
Kalhan Rosenblatt / NBC News:
Dow drops 653 points in worst Christmas Eve trading day ever  —  The plummet followed a tumultuous few days in Washington, amid reports that Trump was discussing how to remove Federal Reserve Chairman Jerome Powell.  —  Both major stock indexes nosedived on Monday in the worst …
RELATED:
CNBC:
Dow dives 600 points to below 22,000, S&P 500 enters bear market - worst Christmas Eve ever  — Trump resumed his attack on the Fed on Monday, tweeting that the central bank is “the only problem” with the U.S. economy.  — Treasury Secretary Steven Mnuchin held calls on Sunday with the heads …
Washington Post:
Markets stage one of worst Christmas Eves ever, closing down more than 600 points as Trump blames Fed for stock losses in a tweet  —  The Dow Jones industrial average followed its worst week in a decade with a 650- point drop Monday, and President Trump once again took to Twitter to interject himself into financial markets.
Alan Rappeport / New York Times:
Trump Renews Attack on Fed as Mnuchin Tries to Calm Markets  —  With stocks extending their slide Monday, President Trump took another swipe at the Federal Reserve, writing on Twitter that the “only problem our economy has is the Fed” as he continued to blame the central bank for recent volatility in the financial markets.
Washington Post:
Treasury secretary startles Wall Street with unusual pre-Christmas calls to top bank CEOs  —  Treasury Secretary Steven Mnuchin startled financial analysts, bankers and economists on Sunday by issuing an unusual s declaring that the nation's six largest banks had ample credit to extend to American businesses and households.
CNN:
Dow's wild ride continues after Steven Mnuchin fails to calm markets  —  New York (CNN Business)Markets took a wild ride on Monday, and the Dow briefly fell below 22,000, after Treasury Secretary Steven Mnuchin's attempts to calm investors backfired.  —  The Dow, which crossed 22,000 …
Bloomberg:
U.S. Stocks Hit 19-Month Low as D.C. Tumult Weighs: Markets Wrap  — Trump team attempts to assure markets over Powell, liquidity  — Many exchanges are shut or will close early on Christmas Eve  —  U.S. stocks tumbled to the lowest since May 2017 as the turmoil in Washington kept investors …
Politico:
POLITICO Playbook: Shutdown day 3, and Mnuchin talks with bank CEOs about liquidity
Jason Lange / Reuters:   Top Trump official calls bankers, will convene ‘Plunge Protection Team’
Dave McMenamin / ESPN:
LeBron James apologizes for ‘Jewish money’ Instagram post  —  LOS ANGELES — LeBron James apologized Sunday for lyrics he shared on his Instagram account over the weekend that included the line, “getting that Jewish money.”  —  “Apologies, for sure, if I offended anyone,” …
RELATED:
Benjamin Fearnow / Newsweek:
Lebron James Posts ‘Jewish Money’ Selfie With 21 Savage Rap Lyrics, Angering Conservative Critics  —  Los Angeles Lakers superstar Lebron James landed himself in a second racially-charged controversy this weekend after posting rap lyrics about “Jewish money.”
Andrew Ross Sorkin / New York Times:
How Banks Unwittingly Finance Mass Shootings  —  The New York Times reviewed hundreds of documents including police reports, bank records and investigator notes from a decade of mass shootings.  Many of the killers built their stockpiles of high-powered weapons with the convenience of credit.
Discussion: The Daily Caller, Axios and twitchy.com
Adam Liptak / New York Times:
Roberts, Leader of Supreme Court's Conservative Majority, Fights Perception That It Is Partisan  —  “We don't work as Democrats or Republicans,” he has said, a theme he has returned to while trying to strike a delicate balance as the chief justice.  —  WASHINGTON — In his first 13 years …
Discussion: SCOTUSblog
RELATED:
Kevin Daley / The Daily Caller:   Supreme Court Intervenes In Apparent Mystery Mueller Case
Kevin Bohn / CNN:   Chief Justice pauses contempt order for mystery company in Mueller investigation
Supreme Court of the United States:
Proceedings and Orders  —  Application (18A669) for a stay …
Discussion: BuzzFeed News
Peter Hamby / Vanity Fair:
“They Are Suspicious of Beto”: Why Are Democrats Trying to Annihilate an O'Rourke Campaign Before It Has Even Started?  —  The howls about O'Rourke from the Chapo wing of the Internet say as much about Bernie Sanders's diminished stature as they do about the golden boy from Texas.
Discussion: Politico
Matt Rocheleau / BostonGlobe.com:
Actor Kevin Spacey faces criminal complaint in alleged sexual assault at Nantucket bar  —  Actor Kevin Spacey faces a felony charge for allegedly sexually assaulting the teenage son of former Boston WCVB-TV news anchor Heather Unruh at a Nantucket bar in July 2016, authorities said Monday.
John A. Nagl / New York Times:
Jim Mattis and I Fought Together.  No One Called Him Mad Dog.  —  Jim Mattis was a scholar of war, blunt, courageous and loyal to his troops.  Our enemies will cheer his departure.  —  Mr. Nagl is a former Army officer.  —  I met Jim Mattis in Anbar Province, Iraq, in 2004.
RELATED:
NBC News:   Full Durbin: 'Depth of dysfunction I've never seen in Washington'
David Axe / The Daily Beast:
Trump's Incoming Defense Secretary Patrick Shanahan Pushed Military to Buy Weapons It Didn't Want  —  Patrick Shanahan's corporate allies have thrived under Trump.  Now he's going to be Secretary of Defense.  —  By DAVID AXE12.23.18 6:37 PM ET  —  By tapping former Boeing executive Patrick Shanahan …
RELATED:
Dan Lamothe / Washington Post:
Patrick Shanahan, Trump's pick for acting defense secretary, steps into spotlight after Mattis's ouster
David Brown / Politico:
Meet Trump's acting Pentagon chief
Ari Natter / Bloomberg:
Here's Why Closing the Government Actually Costs Taxpayers Money  — Fees go uncollected, workers will get back pay for not working  — ‘Everything from groceries to cars will be affected’  —  Even though paychecks stop going out to hundreds of thousands of workers …
 
 
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 More Items: 
Claudia Vargas / Philly.com:
Bob Brady, Philadelphia congressman and Capitol Hill's “mayor,” retires after two decades
Kate Bennett / CNN:
Melania Trump closes 2018 with fewer personal woes, but a difficult public perception
Discussion: Raw Story
Gregory Hellman / Politico:
Democrats vow new scrub of post-9/11 war powers
Discussion: Joe.My.God. and Raw Story
Wall Street Journal:
Huawei Had a Deal to Give Washington Redskins Fans Free Wi-Fi, Until the Government Stepped In
John McWhorter / The Atlantic:
The Virtue Signalers Won't Change the World
Robert J. Samuelson / Washington Post:
Wake up. America's military isn't invincible.
Alexandra Alter / New York Times:
Bottleneck at Printers Has Derailed Some Holiday Book Sales
 Earlier Items: 
Walter Russell Mead / Wall Street Journal:
Trump's Populist Schism Over Syria
David Ignatius / Washington Post:
What Trump's Syria decision means on the front lines of the fight against the Islamic State
Michael R. Bloomberg / Bloomberg:
Trump Rings in the New Year in the Worst Possible Way
Discussion: Deadline, AOL and Fox News Insider
David Reaboi / Security Studies Group:
Khashoggi: Qatari Asset in Life; Qatari Asset in Death
Discussion: Al Arabiya
New York Times:
Far-Right Proud Boys Reeling After Arrests and Scrutiny
 

 
From Mediagazer:

Alexandra Bruell / Wall Street Journal:
The Atlantic is profitable, has 1M subscribers, and revenue grew 10% in 2023 thanks to a 50% price hike, a harder paywall, and a shift to in-depth reporting

Ashley Carman / Bloomberg:
How MowPod, which sells podcast advertising tools, uses mobile game ads to incentivize gamers to follow shows on Apple Podcasts in order to earn in-game tokens

Jackie Snow / Quartz:
How newsrooms like Semafor and Skift are using generative AI for internal editing, story summaries, paywalled chatbots trained on their archives, and more

 
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