Morning Read: Bloomie On JP Morgan’s Hiccup; Bill Thompson’s Giveaways; Tea Party Wins Again

State Democratic Party chairman Jay Jacobs will step down.

A new poll showed that New Yorkers approve of medical marijuana.

Rudy Giuliani eulogizes James Q. Wilson, the father of “broken windows” policing.

As chair of the Battery Park City authority, Bill Thompson gave away hundreds of millions of dollars in rent reduction to a top campaign supporter and provided a massive rent reduction for a developer that employs his ex-chief-of-staff.

In lieu of a gift, Mike Bloomberg plans to donate to a breast cancer research center for Christine Quinn’s wedding.

The City Council overrode Mayor Bloomberg’s veto on the prevailing wage bill.

A Court of Appeals found that John Liu violated the law when he set an inflated prevailing wage schedule for furniture movers in July 2010, providing “another blow to his reputation as a steward of the city’s finances and provides fresh evidence to critics who say the comptroller is too tightly aligned with organized labor,” Michael Saul writes.

Advocates plan to hold a Father’s Day march to protest stop-and-frisk.

Shelly Silver said that Andrew Cuomo is supportive of a minimum wage increase.

Josh Vlasto sounds doubtful a deal can be reached, however.

Dean Skelos appeared to soften on the bill.

The Daily News profiles the fathers of the brides for the big Quinn/Catullo wedding this weekend.

The Fidler/Storobin race is “like the revenge of Carl Kruger,” says Bob Liff.

Dean Skelos called an ethics investigation into Tom Libous politically motivated.

Gov. Cuomo froze millions of dollars in casino revenue set aside to subsidize racetracks, citing shady and illegal activity by the scandal-scarred New York Racing Association and threatened to revoke the NYRA’s franchise to run Belmont, Aqueduct and Saratoga, The Post reports.

Kirsten Gillibrand pressured the Senate to do something about a student loan rate hike

Pedro Espada’s health clinic hasn’t paid their medical malpractice insurance in over a month-and didn’t tell doctors about it.

The police agreed to new rules for the stop and search of livery cab passengers.

MTA workers will get an 11 percent raise according to a new arbitration panel.

Former David Yassky campaign aide and Obama organizer writes that  “If Team Obama wants to restore the enthusiasm of their young supporters, the president needs to consistently reaffirm that he’s on our side.

Mitt Romney won the Nebraska primary.

The Tea Party won another Senate primary last night, boosting Dems chances of holding on to the chamber.

Chris Christie wants no more questions about being vice-president.

Ron Paul’s supporters have a plan: transform the GOP.

The Obama campaign raised over $43 million in April.

Both Obama and Romney are taking on the media.