Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

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 Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

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!

Three media screw-ups in eight days on one investigation. The bad week for big news has President Trump feeling that he has moved the "fake news" argument from the fringe to the conservative mainstream, according to close Trump associates.

Why it matters: The mistakes — ABC's Brian Ross on Michael Flynn's plea, financial outlets on a Mueller subpoena of bank records, and CNN on an email about WikiLeaks — give Trump fodder for one of his favorite, and most damaging, tropes.

  • His argument isn't broadly true: Most reporters work hard to be fair and accurate. And national outlets have risen to this historic era with unprecedented resources and consequential journalism.
  • But, but, but: The foil helps Trump keep his rock-solid base, despite his broad unpopularity.

Based on past performance, look for POTUS to amp up his mocking.

  • A source close to the White House told me: "He just hammers something into submission, whatever it may be. ... With the media, he just wears it down, wears it down, then somebody slips and makes a mistake."
  • "Putting aside the impact on the long-term health of the important role that the media plays, it's starting to really work."

Republican support for the special counsel could be a collateral casualty in the credibility wars:

  • Sen. Lindsey Graham (R-S.C.), who has often needled Trump, tweeted Friday: "I will be challenging Rs and Ds on Senate Judiciary Committee to support a Special Counsel to investigate ALL THINGS 2016 — not just Trump and Russia."
  • More Graham: "It's long past time for a Special Counsel to investigate Clinton email scandal, Uranium One, role of Fusion GPS, and FBI and DOJ bias during 2016 campaign."

Key Republicans even think the yearbook-inscription revelation by a Roy Moore accuser helped the party's disgraced Alabama Senate candidate seal the deal.

  • All these threads let conservatives feel vindicated in their belief that the system is rigged against them (even though they control the whole government).

In a wild Twitter exchange last evening, Trump jumped on Washington Post political reporter Dave Weigel -- a favorite on journo-twitter -- for a sneering tweet about the crowd size at Friday night's Pensacola rally.

  • Weigel — who had deleted the tweet, of a partly empty arena that was packed by show time — responded: "Sure thing: I apologize. ... Very fair to call me out."
  • Trump didn't accept: "@daveweigel of the Washington Post just admitted that his picture was a FAKE (fraud?) showing an almost empty arena last night for my speech in Pensacola when, in fact, he knew the arena was packed (as shown also on T.V.). FAKE NEWS, he should be fired."
  • Adam Serwer of The Atlantic was among those who pointed outthat a head of state "publicly calling for a journalist to be fired is a textbook threat to freedom of speech."
  • CNN's Brian Stelter noted: "By including Dave Weigel's @ handle, the president's statement is inviting followers to gang up on a reporter."

Be smart: This is a battle of epic proportions. We have a president waging a relentless war against all media, minus Fox News and pro-Trump organs. The vast majority of one of our two political parties agrees with him and increasingly sees media as an enemy of the state.

  • Only strong, responsible, accurate, non-hyperbolic journalism can withstand the assault. Make no mistake: This was a terrible week for the cause.
Subscribe to Axios AM/PM for a daily rundown of what's new and why it matters, directly from Mike Allen.
Please enter a valid email.
Please enter a valid email.
Server error. Please try a different email.
Subscribed! Look for Axios AM and PM in your inbox tomorrow or read the latest Axios AM now.

Go deeper

5 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.

Scoop: Biden weighs retired General Lloyd Austin for Pentagon chief

Lloyd Austin testifying before Congress in 2015. Photo: Chip Somodevilla/Getty Images

Joe Biden is considering retired four-star General Lloyd Austin as his nominee for defense secretary, adding him to a shortlist that includes Jeh Johnson, Tammy Duckworth and Michele Flournoy, two sources with direct knowledge of the decision-making tell Axios.

Why it matters: A nominee for Pentagon chief was noticeably absent when the president-elect rolled out his national security team Tuesday. Flournoy had been widely seen as the likely pick, but Axios is told other factors — race, experience, Biden's comfort level — have come into play.

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. World: Thailand, Philippines sign deal with AstraZeneca for vaccine.
  4. Economy: Safety nets to disappear in December Black Friday shopping across the U.S., in photosAmazon hires 1,400 workers a day throughout pandemic.
  5. Education: National standardized tests delayed until 2022.