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Andrew Harnik / AP

It didn't have the buildup of #ComeyWeek, but #SessionsDay could have its own fireworks. When Attorney General Jeff Sessions said this morning that he wanted tomorrow's Russia-related testimony before the Senate Intelligence Committee (2:30 p.m.) to be public, many Republicans around town were surprised and worried.

"The risk of damage is very high," said one Republican lobbyist. "All possible outcomes are bad. Some worse than others."

  • Behind the curtain: I'm told by Senate Democratic sources that Sessions initially offered a private session, but that was a non-starter with the committee. So the meeting is being held in public at the insistence of the committee.
  • The two-step: The committee let Sessions announce that he was requesting a public hearing, then swiftly issued its own announcement about the open session.
  • If you're Sessions ... You're very conscious that President Trump will watch the hearings, either live or on his TiVo.
  • 1 big thing to watch for, via Matt Miller, a Justice Department official under President Obama: "Will Sessions answer questions about his involvement in Comey's firing, or will he cite executive privilege and an ongoing investigation?"
  • Spicer today: "I think it depends on the scope of the questions, and it would be -- to get into a hypothetical at this point would be premature."

In tomorrow's PM, we'll have the Axios read-between-the-lines of the afternoon testimony. In the meantime ...

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Go deeper

Fed revamps rules for officials, restricts trades after controversies

Federal Reserve Chairman Jerome Powell. Photo: Kevin Dietsch/Getty Images

The Federal Reserve on Thursday announced significant changes to its rules regulating officials' financial activities following controversy last month over some officials' past trading practices.

Why it matters: The rule revamp is a coda on the biggest scandal to hit the Fed in recent memory.

Texas urges Supreme Court to leave abortion ban in place

Photo: Emily Elconin/Bloomberg via Getty Images

Texas on Thursday asked the Supreme Court to keep in place a law that bans abortions after an embryo's cardiac activity is detected, which can be as soon as six weeks and before many people know they are pregnant.

Driving the news: Texas Attorney General Ken Paxton is asking the high court to ignore the Justice Department's emergency request that they temporarily block the law while federal courts consider its constitutionality since it "lacks standing because it has not been injured by SB 8."

Felix Salmon, author of Capital
3 hours ago - Economy & Business

Meme stonks lose their appeal to the world of crypto

Data: Cardify; Chart: Axios Visuals

That sucking sound you hear is the outflow of meme-chasing dollars from the stock market.

Why it matters: The caravan has moved on. The dream of getting rich quick still lives, but today it's more often found in the world of crypto, NFTs or even sports betting than it is in the stock market.