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9:20 AM ET, April 7, 2025

memeorandum

 Top Items: 
New York Times:
After a Blowout Week, Wall Street Decision Makers Brace for More Chaos  —  The financial titans who backed Trump are now dealing with the fallout from his tariffs.  They spent the weekend surveying the damage of last week's major sell-off.  —  There was little rest on Wall Street this weekend.
RELATED:
CNBC:
Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates  —  U.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump's rollout of shockingly high tariff rates on most key U.S. trading partners.
Discussion: UPI, Bloomberg, Fortune, Mediaite, VINnews and Wausau
Dan Diamond / Washington Post:
As the markets fell, Trump putted  —  The stock markets have lost more than $6 trillion in value since Trump imposed sweeping tariffs.  But on Sunday the president won — at golf.  —  OUTSIDE TRUMP NATIONAL GOLF CLUB, JUPITER — The stock markets have lost more than $6 trillion …
Discussion: Associated Press
Rolling Stone:
Trump to America as Markets Crash: ‘Sometimes You Have to Take Medicine’  —  The president said Sunday he is not deliberately tanking the markets, as U.S. market futures dropped again following his tariff announcement  —  Donald Trump said Sunday he is not deliberately tanking the stock market …
Piero Cingari / Euronews:
Bloodbath for European markets as stocks see worst fall since March 2020  —  European equities plunged in their worst session since March 2020, as the global market rout intensified.  Safe-haven assets gained as investors brace for prolonged volatility amid rising inflation fears and no immediate central bank support.
Wall Street Journal:
Wall Street Starts to Speak Out Against Trump's Tariffs  —  Veteran investor Stan Druckenmiller and Pershing Square's Bill Ackman are among those raising concerns about the president's steep, across-the-globe levies  —  For weeks, as the contours of President Trump's sweeping tariff plans came …
Wall Street Journal:
U.S. Stock Futures, Nikkei Plunge as Tariff Turmoil Deepens  —  Oil prices and Treasury yields also fell as President Trump stood firm on imposing tariffs that investors fear will clobber the global economy  —  More pain appears to be in store for markets after their worst week to start a quarter since 2008.
Focus Taiwan:
Taiwan shares suffer steepest daily decline amid Trump tariff scare
Associated Press:
Trump says he's not backing down on tariffs, calls them ‘medicine’ as markets reel
Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs
Jack Blanchard / Politico:   Golfing while the world burns
Wall Street Journal:   Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before
Graig Graziosi / The Independent:
Musk again distances himself from Trump tariffs by scoffing at Lutnick's attempt to explain duties on penguin island
Tanaya Macheel / CNBC:
Trump says he doesn't want stocks to go down, ‘but sometimes you have to take medicine’
Discussion: Axios, Al Jazeera and Business Insider
Cecilia Vega / CBS News:
Trump administration deports gay makeup artist to prison in El Salvador  —  Andry Hernandez Romero, a gay makeup artist who came to the United States last year in search of asylum, is one of 238 Venezuelan migrants who were flown from the U.S. to a maximum security prison in El Salvador three weeks ago.
Discussion: WISH-TV
RELATED:
Cecilia Vega / CBS News:
U.S. sent 238 migrants to Salvadoran mega-prison; documents indicate most have no apparent criminal records  —  Three weeks ago, 238 Venezuelan migrants were flown from Texas to a maximum security prison in El Salvador.  —  That country's president offered to take them and the Trump administration used …
Discussion: The Bulwark
Associated Press:
Judge says deportation of Maryland man to an El Salvador prison was ‘wholly lawless’
Washington Post:
Tariffs are taxing GOP unity  —  Just now … Good morning, Early Birds.  Congratulations to the record-breaking winners of yesterday's Cherry Blossom 10 Mile Run.  Taylor Roe not only broke a U.S. record for women — but also a world record.  Send tips to [email protected].
Discussion: emptywheel
RELATED:
Punchbowl News:   4/7/25 ☀️ AM: … Steel yourself for a week of chaos.
Meagan Flynn / Washington Post:   D.C. remains in financial limbo as House delays budget fix
Noah Berlatsky / Public Notice:
Trump's tariffs insanity begins to fracture the MAGA cult
Discussion: Bloomberg
Carolyn Y. Johnson / Washington Post:
NIH scientists have a cancer breakthrough.  Layoffs are delaying it.  —  A big step forward in cancer therapy has been slowed by layoffs and new restrictions at the National Institutes of Health, where it was developed.
Christian Paz / Vox:
Trump's tariffs risk destroying his winning coalition  —  As markets tank and the prospect of higher prices becomes more real, the future of President Donald Trump's winning coalition might be on a precipice, too.  —  Trump's tariff policy, unpopular with the American public in general …
RELATED:
Yvonne Wingett Sanchez / Washington Post:   Among some Ariz. retirees, views on Trump tariffs split along party lines
Washington Post:
Social Security website keeps crashing, as DOGE demands cuts to IT staff  —  The worsening problems come as Elon Musk's DOGE team pushes for more cuts at the agency, including in the department that oversees the website.  —  Retirees and disabled people are facing chronic website outages …
Discussion: Raw Story and Business Insider
David Goldman / CNN:
Jamie Dimon sounds the alarm bell on tariffs  —  JPMorgan CEO Jamie Dimon has issued a blunt warning about President Donald Trump's tariff policy: It threatens to raise prices, drive the global economy into a downturn and weaken America's standing in the world.
Discussion: CNBC, Bloomberg, Fortune, Raw Story and City A.M.
Sam Mednick / Associated Press:
Israel controls 50% of Gaza after razing land to expand its buffer zone  —  Israel has dramatically expanded its footprint in the Gaza Strip since relaunching its war against Hamas last month.  It now controls more than 50% of the territory and is squeezing Palestinians into shrinking wedges of land.
Discussion: Reuters and Associated Press
Danny Nguyen / Politico:
Kennedy announces support for measles vaccine amid outbreak  —  The statement is a surprising turn for the health secretary and comes amid reports of a second child's death.  —  Health Secretary Robert F. Kennedy Jr., who spent years promoting debunked theories and sowing doubts about the safety …
Maeve Reston / Washington Post:
Democrats launch new ‘war room’ to counter Trump and Republicans  —  The effort includes working with influencers who can connect with hard-to-reach voters and comes as Democratic voters urge leaders to fight harder against the Trump administration.  —  Just now
Tom Sherwood / Washington City Paper:
Trump Will Get His Showy (And Likely Expensive) Military Parade in D.C.  —  President Donald Trump for years has lusted after a big military parade over which he could preside—just like he sees leaders do in other mostly authoritative countries.  —  During his first term in 2018 …
Discussion: Raw Story
 
 
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 More Items: 
Aaron Sibarium / The Washington Free Beacon:
Caltech Renames Top Diversity Official While Keeping DEI Office Intact
Michael S. Schmidt / New York Times:
In Trump's Second Term, Retribution Comes in Many Forms
Sheryl Gay Stolberg / New York Times:
Kennedy's Plan to Send Health Officials to ‘Indian Country’ Angers Native Leaders
Adam Liptak / New York Times:
A Split on the Right Over Whether Teenagers Can Have Guns
Nathaniel Weixel / The Hill:
How Kennedy's cuts to HHS could curb ‘MAHA’ agenda
Wall Street Journal:
The First Victim of Trump's Trade War: Michigan's Economy
Meg Tirrell / CNN:
‘A huge impact on worker safety’: Protection for miners, firefighters in jeopardy after CDC cuts
 Earlier Items: 
Craig Fox / Syracuse Post-Standard:
More than 1,000 march in Sackets Harbor in support of detained children, mother
Scott Macfarlane / CBS News:
Civil rights-era government agency in Justice Department to be purged
Will Bunch / The Philadelphia Inquirer:
The only national emergency is the law that empowers a mad king
Diana Ramirez-Simon / The Guardian:
Chinese woman detained by US border patrol in Arizona dies by suicide
Discussion: New York Post and UPI
Marisa Kabas / The Handbasket:
Try that in a small town
Discussion: NBC News and Townhall
 

 
From Techmeme:

Ian King / Bloomberg:
Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently

Elvira Pollina / Reuters:
Italy's antitrust authority orders Meta to suspend contractual terms that bar rival AI chatbots from WhatsApp; Meta calls the decision “fundamentally flawed”

The Information:
Sources: OpenAI staff discussed prioritizing sponsored content in ChatGPT when users ask relevant queries and created mockups with ads in sidebars or as pop-ups
 
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