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11:15 AM ET, April 7, 2025

memeorandum

 Top Items: 
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:
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.
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
The Guardian:
Trade war fears put S&P 500 index in ‘bear market’ territory, as Goldman Sachs raises chances of US recession to 45% - business live  —  Jamie Dimon, Bill Ackman and Elon Musk all express concerns about tariffs, as Goldman slashes its US growth forecasts  —  Wall Street slides, putting S&P 500 into ‘bear market’ territory
Tom Sherwood / Washington City Paper:
Trump Will Get His Showy (And Likely Expensive) Military Parade in D.C.
Discussion: Raw Story
Brent Neiman / New York Times:
Why Trump's Tariff Math Is a Joke
Discussion: Raw Story and The Gateway Pundit
Wall Street Journal:
Wall Street Starts to Speak Out Against Trump's Tariffs
Ben Berkowitz / Axios:
Ackman warns of “economic nuclear winter” from Trump's tariffs
Reuters:
Goldman Sachs raises odds of US recession to 45%, second hike in a week
Discussion: The Hill, Forbes and Wausau
Sylvan Lane / The Hill:
Stocks plunge to start week as Trump digs in on tariffs
Discussion: NPR, more at Mediagazer »
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:   Trump, Unbowed, Is Enacting Change on Scale Rarely Seen Before
Ian Swanson / The Hill:
Bill Ackman warns Trump to call a timeout on trade war: ‘This is not what we voted for’
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
Discussion: Axios and The Bulwark
Associated Press:
Judge says deportation of Maryland man to an El Salvador prison was ‘wholly lawless’
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.
RELATED:
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.
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:
Punchbowl News:
4/7/25 ☀️ AM: … Steel yourself for a week of chaos.
Discussion: Politico and Washington Post
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
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
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.
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
 
 
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 More Items: 
Bloomberg:
EU Envoy Says No Talks Yet With US on Easing Russia Sanctions
Discussion: The Kyiv Independent
Reuters:
US appeals court blocks Trump from removing Democrats from labor boards
Mark Olalde / ProPublica:
Trump Said Cuts Wouldn't Affect Public Safety. Then He Fired Hundreds of Workers Who Help Fight Wildfires.
Aaron Sibarium / The Washington Free Beacon:
Caltech Renames Top Diversity Official While Keeping DEI Office Intact
Michael S. Schmidt / New York Times:
In Trump's Second Term, Retribution Comes in Many Forms
Sam Mednick / Associated Press:
Israel controls 50% of Gaza after razing land to expand its buffer zone
Discussion: Reuters and Associated Press
 Earlier Items: 
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
Meg Tirrell / CNN:
‘A huge impact on worker safety’: Protection for miners, firefighters in jeopardy after CDC cuts
Danny Nguyen / Politico:
Kennedy announces support for measles vaccine amid outbreak
 

 
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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