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1:55 PM ET, December 24, 2018

memeorandum

 Top Items: 
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 …
RELATED:
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  —  DRIVING THE DAY  —  BULLETIN ... NETANYAHU CALLS EARLY ELECTIONS ... AP'S ARON HELLER in Jerusalem: “Israeli Prime Minister Benjamin Netanyahu's government agreed Wednesday to hold early elections …
Emily Flitter / New York Times:
Markets Drop as Trump Picks on Fed While Mnuchin Offers Unexpected Assurances of ‘Ample Liquidity’  —  Wall Street added to its run of recent losses on Monday as President Trump continued to lash out at the Federal Reserve and investors reacted to an unusual weekend statement about the health …
Discussion: Raw Story, Mediaite and twitchy.com
Kalhan Rosenblatt / NBC News:
Dow drops 653 points in worst Christmas Eve trading day ever
Discussion: CNBC, New York Times and TheStreet
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
Lolita C. Baldor / Associated Press:
After criticism, Trump pushes out Mattis sooner than planned
Discussion: Daily Kos and Splinter
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 …
David Ignatius / Washington Post:
What Trump's Syria decision means on the front lines of the fight against the Islamic State  —  The voice of Gen. Mazloum Abdi, the Kurdish commander of the Syrian Democratic Forces militia, is tight and controlled as he describes President's Trump's decision to withdraw U.S. troops …
RELATED:
Susan E. Rice / New York Times:
The Threat in the White House
Discussion: Breitbart
 
 
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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.
 Earlier Items: 
Alexandra Alter / New York Times:
Bottleneck at Printers Has Derailed Some Holiday Book Sales
Walter Russell Mead / Wall Street Journal:
Trump's Populist Schism Over Syria
Michael R. Bloomberg / Bloomberg:
Trump Rings in the New Year in the Worst Possible Way
Discussion: Deadline, Fox News Insider and AOL
David Reaboi / Security Studies Group:
Khashoggi: Qatari Asset in Life; Qatari Asset in Death
Discussion: Al Arabiya
 

 
From Mediagazer:

Alex Sherman / CNBC:
Sources: Paramount Global's board is preparing to fire CEO Bob Bakish as soon as Monday, after he lost the trust of controlling shareholder Shari Redstone

Jessica Toonkel / Wall Street Journal:
Sources: Paramount is planning for what happens if no big deal happens, mulling cutting $2B in costs, selling BET and TV stations, starting a streaming JV, more

Elise Morton / Associated Press:
Russia arrests two journalists, Konstantin Gabov and Sergey Karelin, on “extremism” charges for allegedly working for a group founded by the late Alexei Navalny

 
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