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7:55 PM ET, March 3, 2025

memeorandum

 Top Items: 
CNBC:
Dow tumbles more than 600 points, S&P 500 posts biggest loss since December as Trump says tariffs will proceed  —  The S&P 500 retreated on Monday, extending February's rout and turning red for the year after President Donald Trump's confirmation of forthcoming tariffs ratcheted up economic concerns.
RELATED:
Sarah Fortinsky / The Hill:
Canadian premier says he will cut off electricity exports to US ‘with a smile on my face’  —  Ontario Premier Doug Ford said Monday he is prepared to cut off electricity exports to the U.S. if President Trump's 25 percent tariffs on Canadian goods go through.
Maki Shiraki / Reuters:
Exclusive: Honda to produce next Civic in Indiana, not Mexico, due to US tariffs, sources say  —  Honda (7267.T) has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter.
John Towfighi / CNN:
Dow tumbles 650 points as Trump confirms tariffs on Mexico and Canada will start Tuesday  —  New York CNN —  US stocks slid Monday as investors braced for President Donald Trump's proposed tariffs on Canada and Mexico to go into effect by the midnight deadline.
Keith Naughton / Bloomberg:
Car Prices Are Poised for $12,000 Surge on Trump's New Tariffs  — Auto bosses warn Trump administration of economic consequences  — Companies rush to stockpile parts, engines in US warehouses  —  Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000 …
Associated Press:
Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with ‘no room’ for delay
Bloomberg:
US to Slap Tariffs on Crop Purchases as Food Imports Balloon
Claudia Assis / MarketWatch:
Trump's tariffs, whether implemented or not, have already hurt the U.S. auto industry
Bloomberg:
Trump Pauses Military Aid to Ukraine After Clash With Zelenskiy  — Move halts all aid currently in transit to help Ukraine  — Pause comes after Trump and Zelenskiy sparred in Oval Office  —  President Donald Trump ordered a pause to all military aid to Ukraine …
RELATED:
Wall Street Journal:
U.S. Hitting Brakes on Flow of Arms to Ukraine  —  Military financing has been stopped, and officials are meeting to consider suspending another type of assistance  —  The Trump administration has stopped financing new weapons sales to Ukraine and is considering freezing weapons shipments …
Marion Solletty / Politico:
Trump's ‘indecency’ endangers transatlantic alliance: French PM
Discussion: Daily Mail
NBC News:
Top FBI official forced out after criticizing Trump pursuit of agents who investigated Jan. 6  —  James Dennehy, the head of the FBI's New York office, is out one month after he urged colleagues to “dig in” after the new administration requested the names of all agents who worked on Capitol riot cases.
RELATED:
Illia Novikov / Associated Press:
Ukraine's Zelenskyy says end of war with Russia is ‘very, very far away’  —  A deal to end the war between Ukraine and Russia “is still very, very far away,” Ukrainian President Volodymyr Zelenskyy said, adding that he expects to keep receiving American support despite his recent fraught relations with U.S. President Donald Trump.
RELATED:
Aamer Madhani / Associated Press:
Trump slams Zelenskyy for saying the end of the Russia war ‘is still very, very far away’  —  President Donald Trump slammed Ukrainian President Volodymyr Zelenskyy on Monday for suggesting that the end of Russia's war against Ukraine likely “is still very, very far away.”
Andrew Freedman / Axios:
DOGE moves to cancel NOAA leases on key weather buildings … - It was designed to integrate multiple forecasting centers in one building to improve operating efficiency. … - Two ex-National Oceanic and Atmospheric Administration officials also confirmed the list.
New York Times:
Struggling With Errors, DOGE Deletes Billions More From List of Savings  —  For the second time in a week, Elon Musk's government overhaul effort updated its “wall of receipts” to remove mistakes that inflated its success.  —  Elon Musk's Department of Government Efficiency has deleted hundreds …
RELATED:
Edith Olmsted / New Republic:   DOGE Secretly Changes Receipts for Almost Half Its Supposed Savings
Adam Cancryn / Politico:
Top HHS spokesperson quits after clashing with RFK Jr.  —  Thomas Corry resigned over disagreements with the HHS secretary and his approach to the measles outbreak.  —  The top spokesperson at the Health and Human Services Department has abruptly quit after clashing with Secretary Robert F. Kennedy Jr …
Tara Suter / The Hill:
Majority disapproves of Trump job performance ahead of address to Congress: Survey  —  A majority in a new survey disapprove of President Trump's job performance ahead of his scheduled address to Congress.  —  In the CNN poll released Sunday, which was conducted between Feb. 24 and 28 …
Discussion: Emerson Polling, Twitchy and USA Today
RELATED:
Brooke Singman / Fox News:
Theme of Trump's address to Congress revealed
Domenico Montanaro / NPR:
Poll: Majorities say state of the union is not strong, and Trump is rushing change  —  Majorities say the state of the union is not strong, that the country is headed in the wrong direction and President Trump is rushing to make changes without considering their impact, a new NPR/PBS News/Marist poll finds.
Discussion: Marist Poll and PBS NewsHour
RELATED:
Oliver Milman / The Guardian:
Trump orders swathes of US forests to be cut down for timber  —  President's move to expand tree cutting across 280m acres evades rules to protect endangered species  —  Donald Trump has ordered that swathes of America's forests be felled for timber, evading rules to protect endangered species …
William Kristol / The Bulwark:
What a Weekend for Putin!  —  It was a hell of a weekend for bad men getting what they paid for out of Donald Trump.  And while we'll focus on Vladimir Putin here, we don't want to fully ignore venture capitalist David Sacks, Donald Trump's “crypto czar,” who seemingly stands …
RELATED:
Meredith Lee Hill / Politico:   Spending bill text expected over weekend, Republicans say
Josh Marshall / Talking Points Memo:
Trump Orders Permanent Govt Shutdown - No, Really ...  It hasn't gotten a lot of attention but Donald Trump's February 11th “workforce optimization” executive order provides a very clear framework for the end stage goal of all the cutting.  After a bunch of specific imperatives listed under Section 3-C …
Martin Baron / The Atlantic:
Where Jeff Bezos Went Wrong With The Washington Post … The day the world learned that Jeff Bezos would buy The Washington Post, the Amazon founder offered assurances that he would not cower when faced with threats from a vengeful president and his appointees.
Discussion: New York Magazine and CBS News
RELATED:
Katie Robertson / New York Times:
A Celebration of The Washington Post's Past as It Faces an Uncertain Future
Discussion: Axios and CBS News
New York Times:
Trump Administration Live Updates: Taiwanese Chipmaker to Announce $100 Billion Investment With Trump  —  Where things stand:  — Chipmaker announcement: Taiwan Semiconductor Manufacturing Co., the world's largest chip manufacturer, is set to announce plans to invest $100 billion in the United States over the next four years.
RELATED:
Wall Street Journal:
Trump, Chip Maker TSMC Expected to Announce $100 Billion Investment in U.S.
Jacob Knutson / Democracy Docket:
Trump Bid to Take Over Postal Service Could Threaten Mail Voting  —  President Donald Trump may soon attempt to absorb the U.S. Postal Service (USPS), an independent agency, into his administration by issuing an executive order that reportedly would dissolve the service's leadership.
Discussion: Raw Story and The Gateway Pundit
Steven Rattner / New York Times:
Donald Trump Is Backed by the Business Elite  —  Over lunch last week with a friend of mine — a major technology investor who has been an ardent Democrat — the talk quickly turned to politics.  Like many businessmen, he refuses to air his views publicly to avoid drawing fire.  In private, he's more forthcoming.
Discussion: Lawyers, Guns & Money
Connor Smith / Barron's Online:
Atlanta Fed's GDPNow Estimate Falls Again  —  The Federal Reserve Bank of Atlanta's running forecast for first-quarter gross domestic product slid again on Monday.  —  The Atlanta Fed's GDPNow estimate now calls for a first-quarter GDP decline of 2.8%, down from a decline of 1.5% on Friday.
Discussion: Reuters and Talking Points Memo
Jordan Fischer / WUSA:
DC Police reinstates officers convicted in police chase that killed Karon Hylton-Brown  —  President Donald Trump pardoned Officer Terence Sutton and Lt. Andrew Zabavsky during his first week in office. … WASHINGTON — The DC Police Department has agreed to rehire two officers …
David Dayen / American Prospect:
CFPB to Employees: When We Said Stop Work, We Didn't Mean Stop Work!  —  The illegal plan to dismantle the consumer agency is failing.  So Russ Vought and his charges are engaging in some CYA.  —  Russell Vought speaks during a Senate Budget Committee hearing on his nomination to lead …
Discussion: NBC News, Washington Examiner and WUSA
Kris Van Cleave / CBS News:
Flights to Reagan National Airport in D.C. receive false collision alerts while landing  —  The Federal Aviation Administration is investigating after several airliners on approach to land at Washington Reagan National Airport Saturday morning received what appear to be false alarms from their onboard Traffic Collision Avoidance System.
Discussion: CNN, The National Pulse and Fox News
U.S. Department of the Treasury:
Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies  —  The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties …
 
 
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 More Items: 
Dave Jamieson / HuffPost:
Trump To Tap Head Of Anti-Union Group To Run Labor Office
Eric Garcia / The Independent:
Trump's war on DEI comes for programs helping autistic students find jobs in STEM
Tanaya Macheel / CNBC:
Bitcoin tumbles 9%, reversing most of the rally from Trump's crypto reserve announcement
 Earlier Items: 
Erin Banco / Reuters:
White House seeks plan for possible Russia sanctions relief, sources say
Discussion: The Kyiv Independent
Ailia Zehra / The Hill:
Senate Republican: Putin ‘killing anyone who disagrees with him’
Isabel Keane / New York Post:
Tim Walz says he may run for president in 2028 — despite failure of Harris campaign: ‘Do whatever it takes’
Jonathan V. Last / The Bulwark:
‘America First’ Is a Lie  —  Donald Trump and Republicans explain their worldview by calling it “America First.”
 

 
From Mediagazer:

Pew Research Center:
A survey of US adults finds 77% say press freedom is “extremely or very important”, but only 33% say the media is “completely free” to report the news in the US

Nicholas Riccardi / Associated Press:
The stripped-down festivities at the WHCD reflected the somber tone in Washington, with White House journalists using the event to celebrate the First Amendment

Michael Savage / The Guardian:
Ex-UK PM Gordon Brown files a criminal complaint against NGN, seeking phone-hacking probe revival, says current WaPo CEO Will Lewis tried to incriminate him

 
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