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1:30 PM ET, December 24, 2018

memeorandum

 Top Items: 
CNBC:
DOW DIVES 600 POINTS TO BELOW 22,000 IN WORST CHRISTMAS EVE TRADING DAY 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:
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:
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.
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.
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 …
Jason Lange / Reuters:   Top Trump official calls bankers, will convene ‘Plunge Protection Team’
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.”
RELATED:
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,” …
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
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
Robert J. Samuelson / Washington Post:
Wake up.  America's military isn't invincible.  —  The most uncovered story in Washington these days is the loss of U.S. military power — a lesson particularly important in light of recent events: the resignation of Defense Secretary Jim Mattis; President Trump's rash decision to withdraw U.S. troops …
Kate Bennett / CNN:
Melania Trump closes 2018 with fewer personal woes, but a difficult public perception  —  (CNN)As the second year of Melania Trump's tenure as first lady comes to a close, and she turns the corner to the latter half of her husband's term, one thing is certain, Trump has come into her own.
Discussion: Raw Story
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: 
Ari Natter / Bloomberg:
Here's Why Closing the Government Actually Costs Taxpayers Money
Claudia Vargas / Philly.com:
Bob Brady, Philadelphia congressman and Capitol Hill's “mayor,” retires after two decades
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
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
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
Jake Sherman / Politico:
The ‘all-I-want-for-Christmas-is-$5- billion-for-the-wall’ shutdown
Discussion: The Daily Beast
New York Times:
Far-Right Proud Boys Reeling After Arrests and Scrutiny
 

 
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

Ben Smith / Semafor:
Sources: Nicholas Carlson, who has been the global editor-in-chief of Business Insider since 2017, is expected to leave the publication later this summer

 
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