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Mulvaney and Meadows in the East Room of the White House on Feb. 6. Photo: Mark Wilson/Getty Images

President Trump announced on Friday that he will replace acting White House chief of staff Mick Mulvaney with Rep. Mark Meadows (R-N.C.)

Why it matters via Axios' Alayna Treene: Meadows recently announced his plans to retire from Congress, and hinted at a job in the Trump administration. Trump trusts Meadows, and has appreciated his fierce and public loyalty over the past years.

Yes, but: The role under Trump has been minimized, with the president preferring to operate as his own chief of staff.

Details: Mulvaney will become the U.S. special envoy for Northern Ireland, Trump tweeted on Friday.

Flashback: Trump previously floated the idea of installing Meadows in the role in 2018, as a replacement for former White House chief of staff John Kelly.

What he's saying:

"It's an honor to be selected by President Trump to serve alongside him and his team. This President and his administration have a long list of incredible victories they've delivered to the country during this first term, with the best yet to come—and I look forward to helping build on that success and staying in the fight for the forgotten men and women of America.
In particular, I want to recognize my friend Mick Mulvaney. Mick is smart, principled, and as tough a fighter you'll find in Washington, D.C. He did a great job leading the President's team through a tremendous period of accomplishment over the last year plus.
— Rep. Mark Meadows wrote in a Friday evening statement

Go deeper: Rep. Mark Meadows to retire in 2020

Go deeper

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.

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