Axios

A federal judge lambasted and penalized the attorneys behind President Trump's settlement with the IRS, saying in an explosive Monday order that the case was a means to an end: judicial cover for a deal granting Trump audit immunity and creating his controversial anti-weaponization fund.

The big picture: The $1.776 billion pot of money, born from the Trump settlement, created an avalanche of bipartisan concern and legal scrutiny.

President Trump wants South Carolina Sen. Lindsey Graham's sister to fill his seat on an interim basis after his unexpected death early Sunday.

Why it matters: Trump has a close friendship and working relationship with South Carolina Gov. Henry McMaster (R), who's expected to make the temporary appointment today.

The market's giant winners this year — memory-related stocks — also look ridiculously cheap.

Why it matters: Their low price-to-earnings multiples reflect the market's worries that the current boom times won't last.