Good Tuesday morning, and welcome back. Situational awareness: Bitcoin dropped 10% in an hour, and fell as much as 20%, after South Korea repeated that the country may ban trading. There's been a big January selloff in cryptocurrencies. (Bloomberg)
"The Trump administration is taking its campaign against illegal immigration to the workplace," per N.Y. Times: Raids on dozens of 7-Elevens last week were the first big show of force meant to convey the consequences of employing undocumented people.
Illustration: Lazaro Gamio / Axios
After a triumphant end to 2017, White House sources tell Jonathan Swan and me that they see a dangerous pattern forming for this year: a backslide into bad habits of the chaotic early days of the Trump presidency.
What’s next: White House officials recognize they need to tout the tax cuts as a big accomplishment. We're likely going to see POTUS out around the country, selling it in the near future.
These three recent events have alarmed some senior administration officials:
Why this matters: Kelly has worked wonders to impose process over what was an insanely chaotic and dysfunctional West Wing. He never promised to tame Trump's Twitter feed. But he had previously noted with satisfaction to aides that there'd been less of the wild, policy-affecting tweets that distinguished the early White House days.
Be smart: The White House should be making the best use of their ultimate salesman and tool —Donald Trump and the power of the presidency — to sell its tax cuts, low unemployment and surging market. Instead, Trump has Fox on the tube, and Twitter by his trigger finger.
"When President Trump spoke by phone with Sen. Richard J. Durbin [D-Ill.] around 10:15 a.m. last Thursday, he expressed pleasure with Durbin’s outline of a bipartisan immigration pact," the WashPost reports, filling in the backstory of the Oval Office "shithouse" meeting:
"Trump’s ping-ponging from dealmaking to feuding ... has come to define the contentious immigration talks between the White House and Congress, perplexing members of both parties as they navigate the president’s vulgarities, his combativeness and his willingness to suddenly change his position."
Why it matters ... WashPost lead story: "Risk of shutdown rises over mistrust" ... N.Y. Times lead story: "TRUMP LANGUAGE TANGLES SOLUTION FOR A SHUTDOWN ... Fiery Immigration Talk and Election Calculus Dampen Hopes."
The percentage of Americans without health insurance ticked up 1.3 points in 2017, ending the year at 12.2%, according to the latest data from Gallup.
In the Philippines, lava cascades down the slopes of the Mayon volcano yesterday, seen from Legazpi, 210 miles southeast of Manila.
"The Pentagon is planning to develop two new sea-based nuclear weapons to respond to Russia and China’s growing military capabilities, according to a sweeping Defense Department review of nuclear strategy," The Wall Street's Journal's Michael Gordon reports:
A Moscow pedestrian passes a billboard with an image of Russia's President Vladimir Putin and lettering: "Strong president — Strong Russia!" and "Presidential elections will be held in Russia in March 18."
Parents arrested after 13 children found shackled and malnourished in Riverside County, Calif. — L.A. Times:
Richard Rapoza, public information officer of the Hawaii Emergency Management Agency, on an employee who set off a false alarm about an incoming missile:
The N.Y. Times uses a creative storytelling device to look back at a year, a half-century ago, that feels familiar:
A new phase in data collection is underfoot. Retailers are using floor sensors to track movements and gain insight into consumer behavior, AP's Ivan Moreno reports from Milwaukee:
Thanks for reading, and see you all day in the Axios stream ...