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10:20 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:
New York Times:
Live Updates: Wall Street Slumps Further as Trump Defends His Tariffs  —  The S&P 500 tumbled, entering bear market territory, after more losses in Asia and Europe.  President Trump said he would not back off his trade war, reinforcing fears of a global economic downturn.  —  Here's the latest.
Discussion: CBS News, The Free Press and Reason
Heather Cox Richardson / Letters from an American:
April 6, 2025 (Sunday)  —  After President Donald Trump's tariff announcements on April 2 wiped $5 trillion dollars from the stock market, the Republican Party is scrambling.  —  Farmers, who were a part of Trump's base, are “struck and shocked” by the tariffs, the president …
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 …
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 …
Sylvan Lane / The Hill:
Stocks plunge to start week as Trump digs in on tariffs
William Kristol / The Bulwark:
The Hubris Is Off the Charts
Discussion: New York Post
Tom Sherwood / Washington City Paper:
Trump Will Get His Showy (And Likely Expensive) Military Parade in D.C.
Discussion: Raw Story
CNBC:
Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates
Brent Neiman / New York Times:
Why Trump's Tariff Math Is a Joke
Discussion: Raw Story and The Gateway Pundit
Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs
Piero Cingari / Euronews:   Bloodbath for European markets as stocks see worst fall since March 2020
Graig Graziosi / The Independent:
Musk again distances himself from Trump tariffs by scoffing at Lutnick's attempt to explain duties on penguin island
Focus Taiwan:
Taiwan shares suffer steepest daily decline amid Trump tariff scare
Discussion: Al Jazeera
Wall Street Journal:   Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before
Jack Blanchard / Politico:   Golfing while the world burns
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’
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.
RELATED:
Popular Information:
Trump tariffs, corporations cower  —  During the Biden administration, corporate executives regularly expressed their displeasure with policies they opposed.  Amazon chairman Jeff Bezos, for example, blasted the Biden administration in May 2022 for excessive stimulus spending, which he blamed for inflation.
Wall Street Journal:
The First Victim of Trump's Trade War: Michigan's Economy  —  Auto industry, which supports one in 10 jobs in the state, shifts into battle mode to stem tariffs' worst effects, even as many locals hope the cost will be worth it in the end  —  DETROIT—If President Trump's trade war …
RELATED:
Washington Post:
Tariffs are taxing GOP unity
Discussion: emptywheel
Punchbowl News:   4/7/25 ☀️ AM: … Steel yourself for a week of chaos.
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.
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 …
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
Reuters:
US appeals court blocks Trump from removing Democrats from labor boards  —  A federal appeals court blocked U.S. President Donald Trump from removing Democratic members from two federal labor boards on Monday, setting aside its earlier ruling.  —  The decision by the U.S. Court of Appeals …
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 …
Paul Krugman:
Political Styles of the Rich and Clueless  —  There are none so blind as those that will not see  —  As we wait to see what fresh hell awaits us this week, one obvious question is, who put these malevolent clowns in power?  —  The short answer is ignorant people.  But political ignorance takes two different forms.
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
Discussion: The Hill
 
 
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 More Items: 
Bloomberg:
EU Envoy Says No Talks Yet With US on Easing Russia Sanctions
Discussion: The Kyiv Independent
New York Times:
In a Strongman State, a Trump Order Extinguishes Flickers of Freedom
David Brooks / The Atlantic:
I Should Have Seen This Coming  —  When I joined the conservative movement in the 1980s …
Aaron Sibarium / The Washington Free Beacon:
Caltech Renames Top Diversity Official While Keeping DEI Office Intact
 Earlier Items: 
Michael S. Schmidt / New York Times:
In Trump's Second Term, Retribution Comes in Many Forms
Christian Paz / Vox:
Trump's tariffs risk destroying his winning coalition
Discussion: Washington Post
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
Meagan Flynn / Washington Post:
D.C. remains in financial limbo as House delays budget fix
Nathaniel Weixel / The Hill:
How Kennedy's cuts to HHS could curb ‘MAHA’ agenda
 

 
From Mediagazer:

Daniel Thomas / Financial Times:
Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, set to close after WBD splits into two companies in Q3 2026

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

David Pierce / The Verge:
Yahoo launches Game Breakdowns in beta, offering AI-generated game summaries, stats, and play recaps, all updated live, to Yahoo Fantasy Plus subscribers
 
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