memeorandum: US appeals court blocks Trump from removing Democrats from labor boards (Reuters)

11:00 AM ET, April 7, 2025

Top Items:

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.

Discussion: Reuters, Bloomberg, Axios and Fortune, more at Mediagazer »

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.

Discussion: The Free Press, CBS News, Reason and Hong Kong Free Press HKFP

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. — 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

Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs

Wall Street Journal:
U.S. Stock Futures, Nikkei Plunge as Tariff Turmoil Deepens

Discussion: New York Times, CNBC, NBC News, Associated Press, Reuters, Lawyers, Guns & Money and Saywhat Politics, more at Techmeme »

Brent Neiman / New York Times:
Why Trump's Tariff Math Is a Joke

Discussion: Raw Story and The Gateway Pundit

Sylvan Lane / The Hill:
Stocks plunge to start week as Trump digs in on tariffs

Discussion: Associated Press and NewsNation

Wall Street Journal:
Wall Street Starts to Speak Out Against Trump's Tariffs

Discussion: IJR, Raw Story, Wide World of News and Bloomberg

Graig Graziosi / The Independent:
Musk again distances himself from Trump tariffs by scoffing at Lutnick's attempt to explain duties on penguin island

Discussion: Washington Examiner, Al Jazeera, Business Insider, Wausau, Washington Times, Forbes, New York Post, Axios, The Gateway Pundit, USA Today, Mother Jones and Raw Story

Jack Blanchard / Politico: Golfing while the world burns

CNBC:
Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates

Discussion: NOTUS, CNN, Fortune, NBC News, New York Post, Mediaite, UPI, Bloomberg, Politico, Noahpinion, VINnews, Wausau, Boston Herald and The Independent

Wall Street Journal: Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before

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

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 and The Bulwark

Associated Press:
Judge says deportation of Maryland man to an El Salvador prison was ‘wholly lawless’

Discussion: The Hill, Fox News, New York Times, Breitbart, Civil Discourse …, Associated Press, Townhall, The Guardian, New York Daily News, Washington Examiner, Rolling Stone, CBS News, Axios, Politico and RedState

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.

Discussion: Raw Story, Bloomberg, New Jersey Online and New York Post

Popular Information:

Trump tariffs, corporations cower — During the Biden administration, corporate executives regularly expressed their displeasure with policies they opposed. Amazon chairman Jeff Bezos, for example, blasted the Biden administration in May 2022 for excessive stimulus spending, which he blamed for inflation.

Hugh Son / CNBC:
JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

Discussion: New York Times, The Wrap, Fortune, VINnews, Mediaite, Raw Story and City A.M.

Jamie Dimon / JPMorganChase:
Chairman and CEO Letter to Shareholders

Discussion: The Hill, Washington Examiner, Fortune, Politico, Forbes and The Independent, more at Mediagazer »

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

Punchbowl News:
4/7/25 ☀️ AM: … Steel yourself for a week of chaos.

Discussion: Politico and Washington Post

Meagan Flynn / Washington Post:
D.C. remains in financial limbo as House delays budget fix

Discussion: Baltimore Sun and One America News Network

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.

Elaine Kurtenbach / Associated Press:
World markets plunge, with Japan's Nikkei diving nearly 8%, after the big meltdown on Wall St

Discussion: Associated Press, Washington Examiner and WHDH-TV

Lauren Irwin / The Hill:
Trump: Tariffs sparking investment in US

Discussion: Townhall, Mediaite, IJR, Bloomberg, Wausau, Washington Examiner, The Independent and Daily Mail

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.

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

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 …

Discussion: Raw Story, Business Insider and Can We Still Govern?

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.

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

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 …

Discussion: Axios, Politico, Federal News Network, The Hill, Democracy Docket, Bloomberg, Talking Points Memo, The Gateway Pundit and Wausau

Sam Mednick / Associated Press:

Israel controls 50% of Gaza after razing land to expand its buffer zone — Israel has dramatically expanded its footprint in the Gaza Strip since relaunching its war against Hamas last month. It now controls more than 50% of the territory and is squeezing Palestinians into shrinking wedges of land.

Discussion: Reuters and Associated Press