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4:25 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.
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 …
New York Times:
Stocks in Asia Fall Sharply, Extending a Rout Caused by Trump's Tariffs  —  Futures on the S&P 500, which allow investors to trade the index before regular trading begins on Monday, added to last week's sell-off.  —  Financial markets were hit hard by another wave of selling at the start …
Discussion: The Guardian, The Hill and CBS News
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.
Wall Street Journal:
Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before  —  Financial markets, universities, law firms and world leaders are reeling from the president's agenda, but White House officials say this was always the plan  —  WASHINGTON—And it's only been 77 days.
Amala Balakrishner / CNBC:
Hong Kong's Hang Seng plunges nearly 10%, mainland's China CSI 300 slumps about 5% on trade war worries … Asia-Pacific markets extended their sell-off Monday as fears over a global trade war sparked by U.S. President Donald Trump's tariffs fueled a risk-off mood.
Discussion: NBC News
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 …
Tanaya Macheel / CNBC:
Trump says he doesn't want stocks to go down, ‘but sometimes you have to take medicine’
Discussion: Al Jazeera and Business Insider
Elaine Kurtenbach / Associated Press:
World markets plunge, with Japan's Nikkei diving nearly 8%, after the big meltdown on Wall St
Discussion: Associated Press
Associated Press:
Trump says he's not backing down on tariffs, calls them ‘medicine’ as markets reel
CNN:   Dow futures tumble as the massive market sell-off continues
John Helton / Associated Press:
Democrats hammer Trump for his weekend of golf as stocks tumble
Discussion: Wall Street Journal
Telegraph:   Apple's collapse proves cosying up to Trump is no guarantee of safety
Paul Kiernan / Wall Street Journal:
In Matter of Days, Outlook Shifts From Solid Growth to Recession Risk
Discussion: The Guardian
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.
RELATED:
Avery Lotz / Axios:
DOJ suspends attorney who said Maryland man's deportation was a mistake
Molly Young / Oklahoman:
Sen. Mullin suggests ‘fake news’ would decline if violence could ‘still’ settle disputes  —  Journalists would write fewer “fake news” stories if disputes over coverage could be handled through violence, U.S. Sen. Markwayne Mullin suggested on social media.  —  In a video posted over the weekend …
RELATED:
Megan Lebowitz / NBC News:   Republican senator floats using violence against journalists who report ‘fake news’
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 …
RELATED:
Reuters:
Second child dies of measles in Texas, media reports
RELATED:
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.
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: 
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
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
Zack Stanton / Politico:
Playbook: The Resistance arrives
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
 Earlier Items: 
Eugene Volokh / Reason:
“The Trump Administration's Unconstitutional Hate Mail to Harvard,” by Prof. Genevieve Lakier (Chicago)
New York Post:
Elon Musk appears to break with Trump admin on tariffs — as he slams Peter Navarro and says he wants ‘zero tariff situation’ with Europe
Nate Cohn / New York Times:
For Republicans, Tariffs Pose a Risk Like No Other
Julia Mueller / The Hill:
Democrats see growing number of young progressive challengers
Brendan Bordelon / Politico:
Washington worries Trump could bail out Zuckerberg
more at Techmeme »
The Atlantic:
The Cabinet Secretary Who Wants His Cookies Freshly Baked
Discussion: Raw Story
 

 
From Mediagazer:

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal
 
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