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7:15 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:
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 …
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.
Discussion: Bloomberg, Wausau, Mediaite and VINnews
Focus Taiwan:
Taiwan shares suffer steepest daily decline amid Trump tariff scare  —  Taipei, April 7 (CNA) Shares in Taiwan saw their steepest daily decline in history Monday, falling more than 2,000 points, as investor sentiment was hurt by U.S. President Donald Trump's tariff actions announced last week, dealers said.
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.
Associated Press:
Trump says he's not backing down on tariffs, calls them ‘medicine’ as markets reel  —  President Donald Trump said Sunday that he won't back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement …
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 …
Jack Blanchard / Politico:
Golfing while the world burns  —  With help from Eli Okun, Garrett Ross and Bethany Irvine  —  Good Monday morning.  This is Jack Blanchard, no longer stocking up on imported tea and just straight-up buying gold bullion.  (Except yeah, that's not working either.)
Elaine Kurtenbach / Associated Press:
World markets plunge, with Japan's Nikkei diving nearly 8%, after the big meltdown on Wall St  —  Shares nosedived around the world Monday as higher U.S. tariffs and a backlash from Beijing triggered massive sell-offs.  European shares followed Asian markets lower, with Germany's DAX falling 6.5% to 19,311.29.
Washington Post:
Tariffs are taxing GOP unity  —  Just now … Good morning, Early Birds.  Congratulations to the record-breaking winners of yesterday's Cherry Blossom 10 Mile Run.  Taylor Roe not only broke a U.S. record for women — but also a world record.  Send tips to earlytips@washpost.com.
Punchbowl News:   4/7/25 ☀️ AM: … Steel yourself for a week of chaos.
Meagan Flynn / Washington Post:
D.C. remains in financial limbo as House delays budget fix
Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs
Wall Street Journal:   Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before
Meredith Lee Hill / Politico:
Johnson and Trump scramble to show agenda progress amid tariff tumult
Discussion: The Hill, Roll Call and Townhall
Dan Diamond / Washington Post:
As the markets crashed, Trump putted
Discussion: NBC News
Amala Balakrishner / CNBC:
Hong Kong's Hang Seng plunges nearly 10%, mainland's China CSI 300 slumps about 5% on trade war worries
Discussion: NBC News
Tanaya Macheel / CNBC:
Trump says he doesn't want stocks to go down, ‘but sometimes you have to take medicine’
Discussion: Axios, Al Jazeera and Business Insider
Graig Graziosi / The Independent:
Musk again distances himself from Trump tariffs by scoffing at Lutnick's attempt to explain duties on penguin island
Wall Street Journal:   The First Victim of Trump's Trade War: Michigan's Economy
Wall Street Journal:
Wall Street Starts to Speak Out Against Trump's Tariffs
Discussion: Wide World of News
CNN:
Dow futures tumble as the massive market sell-off continues
Discussion: Reuters
John Helton / Associated Press:
Democrats hammer Trump for his weekend of golf as stocks tumble
Discussion: Wall Street Journal
NBC News:
Meet the Press - April 6, 2025
Paul Kiernan / Wall Street Journal:
In Matter of Days, Outlook Shifts From Solid Growth to Recession Risk
Discussion: The Free Press and The Guardian
Zack Stanton / Politico:   Playbook: The Resistance arrives
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 and The Independent
RELATED:
Associated Press:
Judge says deportation of Maryland man to an El Salvador prison was ‘wholly lawless’  —  The U.S. government's decision to arrest a Maryland man and send him to a notorious prison in El Salvador appears to be “wholly lawless,” a federal judge wrote Sunday in a legal opinion explaining …
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 …
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.
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 …
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: 
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
Maeve Reston / Washington Post:
Democrats launch new ‘war room’ to counter Trump and Republicans
Nathaniel Weixel / The Hill:
How Kennedy's cuts to HHS could curb ‘MAHA’ agenda
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
 Earlier Items: 
Will Bunch / The Philadelphia Inquirer:
The only national emergency is the law that empowers a mad king
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: Townhall and NBC News
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
 

 
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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