Nearly 40% of U.S. law-enforcement agencies — including the NYPD and LAPD — failed to report 2021 crime data to the FBI, Axios Local found in a joint investigation with The Marshall Project.

• Why it matters: The data gap makes it harder to analyze crime trends and fact-check claims politicians make about crime, The Marshall Project's Weihua Li reports.

The FBI's annual data set is the country's foremost way to understand how crime is changing. It measures, for instance, how many murders or rapes took place last year, and how many people were arrested.

• "It's going to be really hard for policymakers to look at what crime looks like in their own community and compare it to similar communities," Jacob Kaplan, a criminologist at Princeton University, told The Marshall Project.
• John Roman, a senior fellow at NORC at the University of Chicago, told Axios: "When we look back at 2021 numbers, they're not going to be particularly useful."

What's happening: Last year, the FBI retired its nearly century-old national crime data collection program and switched to a new system, the National Incident-Based Reporting System (NIBRS), which gathers more specific information on each incident.

• The FBI announced the transition years ago, and the federal government spent hundreds of millions of dollars to help local police make the switch.
• Nevertheless, about 7,000 of the nation's 18,000 law enforcement agencies (39%) failed to send crime data to the voluntary program in 2021, The Marshall Project found.

Axios Local talked to law enforcement agencies around the country. Those that didn't submit any crime data largely blamed their noncompliance on staffing shortages and technical issues.

• The Philadelphia Police Department was unable to collect NIBRS data until its new reporting systems went live last April. There was a "significant project delay" to update its legacy systems, which was exacerbated by the pandemic, PPD Sgt. Eric Gripp told Axios.
• The Des Moines Police Department moved to a new records management system that was incompatible with the state of Iowa's system, which reports data to the FBI. Transferring records required a manual fix, but there wasn't enough staffing to do it in time, according to DMPD Sgt. Paul Parizek.
• Peoria (Ill.) Police Department records administrator Shawn Wetzel said: "We just got certified last week to do submissions ... It has been a big challenge with the vendor trying to figure out how to get the [coding] right to provide that electronically. But it's being worked out and we hope to be uploading the data this month."

The other side: The Tennessee Bureau of Investigation transitioned to the NIBRS system in the 1990s. TBI's Dale King, who works with the state data system, co-authored an article with the FBI warning states to work ahead of time on the transition.

The bottom line: Violent crime across America will be a top issue in this fall's midterms. The data that many politicians will use to make their case on the topic will be incomplete.

• Axios' Mike D'Onofrio, Monica Eng, Linh Ta and Adam Tamburin contributed reporting.

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• This article was published in partnership with The Marshall Project, a nonprofit news organization covering U.S. criminal justice. Sign up for their newsletters, and follow them on Twitter, Instagram and Facebook.

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The cryptocurrency market touts decentralization as its raison d'être.

• But yesterday, as the S&P 500 dropped into a bear market (above), everything felt connected, Axios Pro Rata author Dan Primack tells me.

Meltdown timeline: Crypto lender Celsius kicked things off by telling customers that it was suspending all withdrawals and transfers — just hours after its CEO denied it would do so.

• Then a major crypto exchange temporarily did the same. Another announced plans to lay off hundreds of employees.
• Bitcoin lost 13% of its value. Coinbase shares closed at an all-time low.

The bottom line: The stock market had an awful Monday. Crypto had it even worse.

💡 At 8 a.m. today in Washington, Axios hosts a crypto investing event with venture capitalist Katherine Wu, Rep. Darren Soto (D-Fla.) and CFTC Commissioner Christy Goldsmith Romero. Watch it here, or join in person.

Last week's prime-time Jan. 6 hearing has nearly topped viewership of all the Trump era's high-drama political hearings, Axios' Sara Fischer and Neal Rothschild report.

• Why it matters: The House Select Committee tried hard to grab Americans' fleeting attention by holding the hearing in prime time, and by enlisting former ABC News President James Goldston.

The opening hearing nearly doubled the TV audience of the first three games of the ongoing NBA Finals, which averaged nearly 12 million viewers on ABC, per Nielsen.

Major Trump-era hearings also drew high engagement compared to other national TV events:

• The final games of the 2021 World Series and the NBA finals drew 11.7 million and 9.91 million viewers, respectively. The Brett Kavanaugh and James Comey hearings drew around 20 million viewers each.

The Academy Awards, Grammys, Emmys and Golden Globes all drew fewer than 10 million viewers in 2021.

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Yesterday's highlights: Barr calls Trump "detached from reality."

President Biden, in an Oval Office meeting last week with key Cabinet members, indicated he's leaning toward removing some products from the Trump administration's China tariffs list, Axios' Hans Nichols reports.

• Why it matters: With inflation at a 40-year high of 8.6%, Biden and his top officials are desperate to show action on bringing down prices, even if it makes them appear weak on China.

How it works: Biden can act unilaterally to relieve American consumers of costs from tariffs that cover $350 billion in goods from China.

• But Biden's plans to exempt some products covered by Trump's Section 301 tariffs risk aggravating the labor movement.

Between the lines: White House officials are depressed about prospects for meaningfully lowering prices before November. Biden is deeply frustrated with his team's proposals on sky-high gas prices.

What we're hearing: Biden is leaning toward ordering the Office of the U.S. Trade Representative to run a formal process to determine if some consumer items, including bicycles, should be exempted from the Section 301 tariffs.

• He is less likely to include big industrial items (steel and aluminum) in the process.

An announcement could come as early as this month.

• "No decision has been made," a White House spokesperson said. "The President is discussing with his team on ensuring that tariffs are aligned with our economic and strategic priorities, such as safeguarding the interests of workers and critical industries, advancing our national security, and not unnecessarily raising costs on Americans."

Keep reading.

One-third of Americans say most everyone they know except themselves seems to be moving past the pandemic, Axios managing editor Margaret Talev writes from the latest installment of the Axios/Ipsos Coronavirus Index.

• Why it matters: Black, Democratic and urban respondents are the most likely to express this dichotomy. It's the latest measure of U.S. society fracturing over how to deal with rising case rates and hospitalizations in a post-mandate world.

Keep reading.

CEOs of America's biggest companies started the year enthusiastic about hiring and making new investments — but their outlook has nosedived, Courtenay Brown and Neil Irwin write from Business Roundtable data shared first with Axios.

• BRT's new survey of the 177 leaders of America's biggest companies points to more caution around hiring and capital expenditure plans, as well as sales forecasts.

Josh Bolten, the group's CEO, urged the Biden administration to support domestic energy investment and lower tariffs.

• Axios Macro, out at noon ET, will have full details. Sign up here.

A torrent of rain combined with a rapidly melting snowpack caused a deluge of flooding that forced the evacuation of some parts of Yellowstone National Park, AP reports.

• Park officials were forced to close all entrances indefinitely, just as the summer tourist season was ramping up.

The storms washed away bridges, caused mudslides and left small cities isolated, forcing evacuations by boat and helicopter.

• Get the latest.

A full moon called a Strawberry Supermoon peaks at 7:52 a.m. ET today when it appears opposite the sun, Axios' Kelly Tyko reports.

• But it'll be most visible to us tonight when it "drifts above the horizon," Almanac.com says.

The moon will appear full through tomorrow morning.

• Times vary by time zones. Find your local times on this Moonrise and Moonset calculator, and on Timeanddate.com/astronomy.

Flashback: The name Strawberry Moon has been used by Native American Algonquin tribes to mark the June ripening of strawberries ready to be gathered, according to the Almanac.

• In Europe, it's known as the Mead, Honey or Rose Moon.

The word "honeymoon" is said to come from this moon, NASA notes.

• Go deeper: NASA's moon guide ... Share this story.