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6:10 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:
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 …
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.
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.
New York Times:
Industries Brace for Trump Tariffs Taking Effect on Tuesday  —  President Trump could still choose to pause the tariffs he is threatening to put on America's largest trading partners Tuesday, but industries are preparing for the worst.  —  When President Trump announced last week …
Associated Press:
Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with ‘no room’ for delay
New York Times:   Stocks Post Biggest Loss of the Year on Trump's Tariff Plans
Wall Street Journal:
Stock Market Today: S&P 500, Nasdaq Fall; Dollar Weakens as Trump Tariffs Loom
Discussion: Associated Press
Brian Beutler / Off Message:
Boycott The Donald Trump Show  —  Playing captive to the lies he'll tell at his coming address to Congress is weak, conveys weakness, and surrenders the whole national stage to him.  —  ∙ Paid  —  There's one form of mass anger sweeping the country, and it's all directed at Donald Trump …
RELATED:
Elie Mystal / The Nation:
The Democrats Should Boycott Trump's Speech to Congress This Week
Discussion: Twitchy
Megan Messerly / Politico:
Trump is all-in on DOGE. It's a political gamble.
Discussion: New York Magazine and Raw Story
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:
Erin Banco / Reuters:
White House seeks plan for possible Russia sanctions relief, sources say  —  The United States is drawing up a plan to potentially give Russia sanctions relief as President Donald Trump seeks to restore ties with Moscow and stop the war in Ukraine, a U.S. official and another person familiar with the matter told Reuters.
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 …
RELATED:
Marion Solletty / Politico:
Trump's ‘indecency’ endangers transatlantic alliance: French PM
Discussion: Daily Mail
Barak Ravid / Axios:
Trump to hold Ukraine meeting on next steps including possible aid freeze
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 …
RELATED:
Rebecca Falconer / Axios:
RFK Jr. urges people to get vaccinated amid deadly Texas outbreak
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.
Discussion: Raw Story and CBS News
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:
Ailia Zehra / The Hill:
Senate Republican: Putin ‘killing anyone who disagrees with him’
Katie Robertson / New York Times:
Musing About Then vs. Now at Celebration of Katharine Graham  —  A premiere for a documentary about the longtime publisher of The Washington Post had people talking about changes at the paper, and in Washington.  —  On Sunday evening, as well-heeled guests trickled out of a screening of …
Discussion: Washington Post, Axios and CBS News
RELATED:
Martin Baron / The Atlantic:
Where Jeff Bezos Went Wrong With The Washington Post
Discussion: New York Magazine and CBS News
Lois Beckett / The Guardian:
LA Times to display AI-generated political rating on opinion pieces
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 …
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.
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 …
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 and WUSA
Wall Street Journal:
Trump, Chip Maker TSMC Expected to Announce $100 Billion Investment in U.S.  —  It is the latest effort by Trump to persuade companies to make big investments in the U.S.  —  WASHINGTON—Taiwan Semiconductor Manufacturing Co. intends to invest $100 billion in chip-manufacturing plants …
RELATED:
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: 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 …
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: Talking Points Memo
 
 
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 More Items: 
Meredith Lee Hill / Politico:
Spending bill text expected over weekend, Republicans say
Eric Garcia / The Independent:
Trump's war on DEI comes for programs helping autistic students find jobs in STEM
New York Times:
Dozens of Government Technology Specialists Fired
Discussion: Techdirt, Gizmodo, CBS News and The Atlantic
Ivana Saric / Axios:
National Science Foundation is reinstating fired probationary employees
 Earlier Items: 
Tanaya Macheel / CNBC:
Bitcoin tumbles 9%, reversing most of the rally from Trump's crypto reserve announcement
Michael Podhorzer / Weekend Reading:
The Courts Will Not Save Us
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.”
NPR:
New deputy FBI director Dan Bongino previously called for imprisoning Democrats
Discussion: Daily Kos
Judd Legum / Popular Information:
Trump credit card freeze crippling cancer and Alzheimer's research
 

 
From Mediagazer:

Todd Spangler / Variety:
SEC filing: Bob Bakish's severance compensation was worth $69.3M after his exit as Paramount CEO in April 2024, and his 2024 compensation totaled $86.96M

Lachlan Cartwright / Politico:
A look at the future of MSNBC under Mark Lazarus and Rebecca Kutler once it's spun off from NBC; MSNBC must fill 100 roles to build out newsgathering operations

Ted Johnson / Deadline:
Q&A with WHCA President Eugene Daniels on this year's annual dinner, White House press pool changes, the press corps' response to attacks, and more

 
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