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11:25 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:
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 …
William Kristol / The Bulwark:
The Hubris Is Off the Charts  —  Hey Siri, is it a good thing to open the week with market experts issuing reminders about where the stock exchange circuit-breaker points are?  Happy Monday.  —  Hubris Flourishes  —  by Andrew Egger  —  DOGE burning down the federal government.
Discussion: New York Post
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
Tom Sherwood / Washington City Paper:
Trump Will Get His Showy (And Likely Expensive) Military Parade in D.C.
Discussion: Fortune and Raw Story
Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs
Graig Graziosi / The Independent:
Musk again distances himself from Trump tariffs by scoffing at Lutnick's attempt to explain duties on penguin island
Jack Blanchard / Politico:   Golfing while the world burns
Wall Street Journal:
Canaries in the Trump Tariff Mine
Discussion: Washington Times, Reuters and Reason
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.
RELATED:
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.
Popular Information:   Trump tariffs, corporations cower
Sylvan Lane / The Hill:
Stocks plunge to start week as Trump digs in on tariffs
Discussion: NPR, more at Mediagazer »
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: Axios, Forbes and The Bulwark
Associated Press:
Judge says deportation of Maryland man to an El Salvador prison was ‘wholly lawless’
Noah Berlatsky / Public Notice:
Trump's tariffs insanity begins to fracture the MAGA cult  —  🏌️ With corporate outlets obeying in advance, supporting independent political media is more important right now than ever.  Public Notice is possible thanks to paid subscribers.  If you aren't one already …
Discussion: America 2.0 and Bloomberg
RELATED:
Christian Paz / Vox:   Trump's tariffs risk destroying his winning coalition
Yvonne Wingett Sanchez / Washington Post:   Among some Ariz. retirees, views on Trump tariffs split along party lines
Punchbowl News:
4/7/25 ☀️ AM: … Steel yourself for a week of chaos.
Discussion: Politico and Washington Post
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 …
RELATED:
David Brooks / The Atlantic:
I Should Have Seen This Coming  —  When I joined the conservative movement in the 1980s, there were two types of people: those who cared earnestly about ideas, and those who wanted only to shock the left.  The reactionary fringe has won.  —  Listen to more stories on Hark
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.
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 …
Jesse Pound / CNBC:
Peter Navarro says Vietnam's 0% tariff offer is not enough: 'It's the nontariff cheating that matters'  —  WATCH NOW  —  White House trade advisor Peter Navarro said Monday that an offer by Vietnam to eliminate tariffs on U.S. imports would not be enough for the administration to lift its new levies announced last week.
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.
Piero Cingari / Euronews:
Bloodbath for European markets as stocks see worst fall since March 2020  —  European equities plunged in their worst session since March 2020, as the global market rout intensified.  Safe-haven assets gained as investors brace for prolonged volatility amid rising inflation fears and no immediate central bank support.
RELATED:
CNBC:
Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates
David Strom / HotAir:
55% of Leftists Say Assassinations At Least ‘Somewhat’ Justified  —  But, in fact, they DO approve of violence, or at least think that violence can be justified to achieve political goals in the United States.  —  I've written a number of pieces about how the left has embraced violence …
Discussion: Fox News, The Federalist and RedState
New York Times:
In a Strongman State, a Trump Order Extinguishes Flickers of Freedom  —  Cambodia's authoritarian dynasty had silenced almost all of the country's independent media.  The remaining few are facing extinction because of an executive directive from President Trump.
 
 
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 More Items: 
Andrew Perez / Rolling Stone:
Trump Admin Exempts Trump's Ads Thanking Himself From DOGE Review
Discussion: Crooks and Liars
Paul Sracic / Wall Street Journal:
Trump's Tariffs Are a Major Legal Question
Discussion: One First and Cafe Hayek
Ahmed Rasheed / Reuters:
Exclusive: Iran-backed militias in Iraq ready to disarm to avert Trump wrath
Mark Olalde / ProPublica:
Trump Said Cuts Wouldn't Affect Public Safety. Then He Fired Hundreds of Workers Who Help Fight Wildfires.
Brent Neiman / New York Times:
Why Trump's Tariff Math Is a Joke
Discussion: Raw Story and The Gateway Pundit
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
Sheryl Gay Stolberg / New York Times:
Kennedy's Plan to Send Health Officials to ‘Indian Country’ Angers Native Leaders
Maeve Reston / Washington Post:
Democrats launch new ‘war room’ to counter Trump and Republicans
Discussion: The Hill
Wall Street Journal:
The First Victim of Trump's Trade War: Michigan's Economy
Scott Macfarlane / CBS News:
Civil rights-era government agency in Justice Department to be purged
Danny Nguyen / Politico:
Kennedy announces support for measles vaccine amid outbreak