Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: YouTube / Getty Images

After Trump's Twitter tantrums yesterday — calling for the jailing of a political opponent and bragging his nuclear button is bigger than North Korea's — CNN used its powerful platforms and people to suggest the president is mentally unstable.

The big picture: 2018 is off with a familiar bang, with the president trashing the media, and the media trashing him.

  • Jake Tapper started his 4 p.m. show, "The Lead": "President Trump is kicking off 2018 by going on Twitter, blasting Democrats, calling for a political opponent to be thrown in jail, demanding a potential witness be investigated, and praising himself. So, no New Year's pivot, apparently."
  • Brian Stelter opened his late-night media newsletter, Reliable Sources (which had the subject line "Trump's fitness"): "There's a word for this. Madness."
  • Stelter on "Anderson Cooper 360": "What would we say if the leader of Germany or China or Brazil posted tweets like Trump's? How would we cover it? We'd say: That person is not well. We'd wonder whether that person is fit to hold office."
  • And a banner on a special 10 p.m. Tapper edition asked: "ARE WE CLOSER TO NUCLEAR WAR THAN EVER?"
  • Tapper: "None of this [is] normal, none of this [is] acceptable, none of this [is] frankly stable behavior."

Why it matters: Trump has been known to watch CNN at that hour, and Stelter ended his item: "Was Trump watching?"

Go deeper

Dan Primack, author of Pro Rata
18 mins ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.

Felix Salmon, author of Capital
3 hours ago - Economy & Business

Americans are still spending money

Source: Census Bureau; Chart: Axios Visuals

Americans spent more money at stores and restaurants in 2020 than they did in 2019 — even in the face of a devastating global pandemic that shut down broad sectors of the economy.

Why it matters: The monthly retail sales report this morning came in well below expectations, and showed consumer spending falling on a seasonally-adjusted basis. Total expenditures were still higher in December 2020 than they were a year previously, however.