Good Saturday morning!
Situational awareness ... "Secret Alliance: Israel Carries Out Airstrikes in Egypt, With Cairo’s O.K.," by N.Y Times' David Kirkpatrick: "Their collaboration in the North Sinai is the most dramatic evidence yet of a quiet reconfiguration of the politics of the region."
President Trump's hammering on the FBI — and green-lighting yesterday of the Russia memo's release over Bureau objections — is having a profound effect:
A SurveyMonkey poll for Axios finds that not even 40% of Republicans approve of America's main federal law enforcement agency — a stunning turn for the law-and-order party.
Be smart: The stark new Republican skepticism of the FBI means that Trump has succeeded in preemptively undermining the findings of special counsel Bob Mueller.
P.S. "Though President Trump and his allies hope the controversial release of a GOP-written memo alleging surveillance abuses by the FBI will tarnish the legitimacy of the entire Russia probe, that argument may be undercut by a single sentence buried near the end of the four-page document," per the WashPost:
"Deputy attorney general’s job may be in jeopardy," the WashPost's Sari Horwitz reports:
On MSNBC, Rachel Maddow was literally laughing. Over on Fox News, Sean Hannity put up his dukes.
At 9 last night, you could just flip between the two and see an encapsulation of our two Americas — total dismissal of the memo's import, vs. the assertion that it's "only about 15 percent of what's coming."
So, Rachel, how was your day?
What's up, Sean?
James Comey — the fired FBI director, who has a hotly awaited memoir, "A Higher Loyalty," coming out May 1 — uses his Twitter feed to lob some of the most biting, terse commentary on White House handling of the Russia probe:
AP's Jae C. Hong
A large North Korean flag hangs from an apartment building in the athletes' village in Gangneung, South Korea, ahead of the Winter Olympics.
"A sharp shift from the tranquility that has characterized much of the nearly nine-year bull-market run" ...
The Dow had its worst week in two years, and the plunge is a clear warning to investors, Barron's Randall W. Forsyth writes:
Why it matters: The "seemingly unstoppable ascent gave rise to heady optimism. With sentiment so one-sided, it wouldn’t take much to cause a reversal."
"After markets closed on her final workday in office, Federal Reserve Chair Janet Yellen delivered a blow to one of the nation’s largest banks: Wells Fargo & Co. won’t be allowed to grow until it cleans up," Bloomberg reports:
A woman collects water in a settlement near Cape Town yesterday. (AP's Bram Janssen)
"Day Zero" is approaching as South Africa's showcase city of Cape Town prepares to turn off most water taps amid the worst drought in a century, AP reports:
Critics say Trump's Nuclear Posture Review shows greater willingness to use nukes first, per CNBC:
"Humane Society of the United States chief executive Wayne Pacelle resigned Friday amid sexual harassment complaints and a backlash by major donors," the WashPost reports:
At the Kennedy Center yesterday, Michelle Obama honored the 2018 School Counselor of Year, Kirsten Perry of Lawndale Community Academy in Chicago, named by the American School Counselor Association.
2018 School Counselor of the Year finalists:
Philadelphia Eagles QB Nick Foles plans to become a pastor in a high school after football, AP reports:
Thanks for reading! See you all weekend in the Axios stream ...