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5:20 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 …
Associated Press:
Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with ‘no room’ for delay  —  President Donald Trump said Monday that 25% taxes on imports from Mexico and Canada would start Tuesday, sparking renewed fears of a North American trade war that already showed signs of pushing up inflation and hindering growth.
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.
Wall Street Journal:
Stock Market Today: S&P 500, Nasdaq Fall; Dollar Weakens as Trump Tariffs Loom
Discussion: Associated Press
Bloomberg:
US to Slap Tariffs on Crop Purchases as Food Imports Balloon
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:
Barak Ravid / Axios:
Trump to hold Ukraine meeting on next steps including possible aid freeze … - The White House didn't immediately respond to questions.  — The New York Times first reported about the meeting. … - “The American people's patience is not unlimited, their wallets are not unlimited …
Marion Solletty / Politico:
Trump's ‘indecency’ endangers transatlantic alliance: French PM
Discussion: Daily Mail
Wall Street Journal:
Trump, Chip Maker TSMC Expected to Announce $100 Billion Investment in U.S.
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
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
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: 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
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 …
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:
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 …
Discussion: New Republic and Raw Story
RELATED:
Fatima Hussein / Associated Press:
Treasury ends enforcement of business ownership database meant to stop shell company formation
Discussion: The Daily Wire
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.
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.
Discussion: The Kyiv Independent
Tanaya Macheel / CNBC:
Bitcoin tumbles 9%, reversing most of the rally from Trump's crypto reserve announcement  —  A bitcoin rally faded Monday as traders grappled with concerns that proposed tariffs were on track to take effect.  —  Concerns about the economic impact from these levies overshadowed earlier excitement …
RELATED:
Philip Lagerkranser / Bloomberg:
Trump Crypto Rally Fizzles Amid Skepticism on His Reserve Plan
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: WUSA
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
Zack Colman / Politico:
EPA calls for watchdog to probe $20 billion climate fund  —  The Greenhouse Gas Reduction Fund is at the center of a fight between the Trump administration and environmental groups seeking access to the funds that Congress approved under its massive climate legislation.
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
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
Jonathan V. Last / The Bulwark:
‘America First’ Is a Lie  —  Donald Trump and Republicans explain their worldview by calling it “America First.”  That's a lie.  —  American foreign policy has always put America first.  That's what nations do.  It's axiomatic.  Why did the United States do Lend-Lease with Britain …
Helene Cooper / New York Times:
Hegseth Says Fort Moore Will Be Renamed to Fort Benning  —  The base's name was changed to Fort Moore in 2023 as part of a bipartisan effort to eliminate military honors bestowed on Confederate officers.  —  Defense Secretary Pete Hegseth continued his efforts to revive the Confederate names …
 
 
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 More Items: 
Darlene Superville / Associated Press:
Melania Trump goes to Capitol Hill to lobby for anti-revenge porn bill
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: Gizmodo, Techdirt, CBS News and The Atlantic
Ivana Saric / Axios:
National Science Foundation is reinstating fired probationary employees
Michael Podhorzer / Weekend Reading:
The Courts Will Not Save Us
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’
 Earlier Items: 
NPR:
New deputy FBI director Dan Bongino previously called for imprisoning Democrats
Discussion: Daily Kos
Sherrod Brown / New Republic:
Democrats Must Become the Workers' Party Again
Jordan Fischer / WUSA:
DC to drop its Jan. 6 civil suit against Proud Boys, Oath Keepers
Discussion: Raw Story and CBS News
Joseph Choi / The Hill:
Top HHS spokesman quits
Judd Legum / Popular Information:
Trump credit card freeze crippling cancer and Alzheimer's research
Apoorva Mandavilli / New York Times:
U.S.A.I.D. Memos Detail Human Costs of Cuts to Foreign Aid
 

 
From Mediagazer:

Andrew Trunsky / New York Times:
A profile of Natalie Winters, a Steve Bannon protégée, War Room reporter, and Piers Morgan Uncensored contributor, who now has a White House press pass

Lucas Shaw / Bloomberg:
Less than a week before A Minecraft Movie had a $160M+ opening weekend in the US and Canada, experts projected ~$65M, following four high profile misses in 2024

Anthony Ha / TechCrunch:
Jack Dorsey says “delete all IP law” in an X post and Musk says “I agree”; Dorsey says current models “take way too much” from creators and “only rent-seek”

 
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