View in browser   PRESENTED BY INSTAGRAM   Axios PM By Mike Allen · Jan 09, 2024 👋 Happy Tuesday! Today's PM — edited by Noah Bressner — is 597 words, a 2-min. read. Thanks to Sheryl Miller for the copy edit.      1 big thing: Trump warns of "bedlam" Former President Trump speaks to the media at a D.C. hotel after a court hearing today. Photo: Susan Walsh/AP Two stunning moments at former President Trump's D.C. appeals court hearing today put on full display how bumpy this year's election could be: A lawyer for Trump — taking a legal argument to extreme lengths — said a president couldn't be prosecuted for ordering SEAL Team 6 to assassinate a political rival unless they were first impeached and convicted. Trump told reporters after the hearing there "will be bedlam in the country" if the case proceeds and hurts his chances in the election. 🔎 Zoom in: With Trump in attendance, his lawyers argued he was acting in his official duty as president when he challenged the 2020 election results — thus protecting him from criminal prosecution, Axios' Erin Doherty writes. A three-judge panel appeared skeptical of Trump's argument. James Pearce, an attorney on special counsel Jack Smith's team, said the Trump lawyer's assassination argument would lead to "an extraordinarily frightening future." Go deeper: Keep reading ... Legal debate over whether Trump can pardon himself.         2. Austin reveals cancer treatment Secretary of Defense Lloyd Austin testifies at a Senate hearing last year. Photo: Graeme Sloan/Sipa USA via Reuters Defense Secretary Lloyd Austin's ongoing hospitalization stems from complications related to surgery for prostate cancer, Axios' Ivana Saric writes. The cancer was detected in December during Austin's routine health screening, according to a statement from Walter Reed doctors today. Austin, who has resumed working from the hospital but is no longer in the ICU, underwent a minimally invasive surgical procedure Dec. 22. He left Walter Reed the next morning but was readmitted last Monday with severe abdominal, hip and leg pain. "His prostate cancer was detected early, and his prognosis is excellent," the doctors said. Between the lines: The Pentagon is under growing pressure to disclose how and why White House officials — including President Biden — weren't informed for more than three days of Austin's Jan. 1 hospitalization, Axios' Hans Nichols and Zachary Basu write. The White House has launched a review of protocols for Cabinet members to delegate authority, according to a memo obtained by Axios. Go deeper.         A MESSAGE FROM INSTAGRAM New federal legislation will give parents a say in teen app downloads     According to a new poll by Morning Consult conducted in November 2023, more than 75% of parents believe teens under 16 shouldn’t be able to download apps without parental permission.1 Instagram wants to work with Congress to pass federal legislation that gets it done. Learn more.     3. Catch me up Data: ERA5, Copernicus Climate Change Service. Chart: Alice Feng/Axios 🌡️ Charted: During the hottest year on record, the global average surface temperature fell just shy of the 1.5-degree warming limit under the Paris climate agreement. More from Axios' Andrew Freedman. 🏦 The global economy of the 2020s will be bleaker — with sluggish economic activity, less trade growth and crushing borrowing costs — than the decade that preceded it, the World Bank warned. More from Axios' Neil Irwin and Courtenay Brown. ⚖️ Ray Epps, a Capitol rioter who became the target of Jan. 6 conspiracy theories, was sentenced to a year of probation, Axios' Shauneen Miranda writes.         4. ⚡ Scoop: Crypto's big day Illustration: Sarah Grillo/Axios   The first Bitcoin ETFs — a huge milestone for the crypto industry — could gain regulatory approval as soon as tomorrow, with more than one fund preparing to launch trading Thursday morning, Axios Crypto's Crystal Kim scoops. Why it matters: Barring an eleventh-hour rejection from the SEC, getting in on bitcoin will soon become as easy as investing in the S&P 500 index. 🖼️ The big picture: Offering an easy button to add the world's biggest cryptocurrency to investment portfolios would be a feat 10 years in the making. Its promise has drawn some of the biggest money managers in the world, including BlackRock and Fidelity — the folks that offer low-cost funds for retirement accounts. Data: CoinGecko. Chart: Axios Visuals Between the lines: The SEC said hackers that gained access to its official account on X posted a fake announcement saying the ETFs were approved. The price of bitcoin soared before plummeting. Keep reading.         A MESSAGE FROM INSTAGRAM More than 75% of parents want to approve the apps teens under 16 download     According to a new poll from Morning Consult, more than 75% of parents agree: Teens under 16 shouldn’t be able to download apps from app stores without parental permission.1 Instagram wants to work with Congress to pass federal legislation that gets it done. Learn more.