The Note: Low Favorability, High Expectations for Trump

NOTABLES

SPEED READ with ABC’s ADAM KELSEY

PUBLIC SPLITS ON TRUMP'S ETHICS COMPLIANCE; THREE-QUARTERS WANT TAX RETURNS RELEASED. Americans divide evenly on whether the incoming Trump administration is complying with ethics laws. And while a bare majority in a new ABC News/Washington Post poll accepts President-elect Donald Trump’s business ownership plan, three-quarters say he should release his tax returns. Contrary to his comment that the American public doesn’t care about the issue, four in 10 of those polled say they care “a lot.” In terms of ethics, the poll finds Americans are split on whether or not Trump, his family and his advisers are complying with federal ethics laws. ABC’s GARY LANGER has more: http://abcn.ws/2j1B61r

TRUMP’S ATTACK ON REP. JOHN LEWIS SPOTLIGHTS TENUOUS RELATIONSHIP WITH AFRICAN-AMERICANS. Donald Trump's attack on Rep. John Lewis, a civil rights icon, this weekend has rekindled the perception among many critics that the president-elect has done little to improve his standing among black voters, who consistently gave him single-digit approval ratings during the presidential campaign. After a Friday interview in which Lewis said Trump was not the “legitimate” president because of alleged Russian interference in the election, Trump responded on Twitter, writing that Lewis “should spend more time on fixing and helping his district…” writes ABC’s MEGHAN KENEALLY. http://abcn.ws/2jYpPmA

RUSSIA SANCTIONS EXPLAINED: A LOOK AT THE MEASURES DONALD TRUMP COULD ROLL BACK. President-elect Donald Trump floated the idea over the weekend of a new negotiation with Russia that would involve rolling back President Obama's crippling economic sanctions against Russia in exchange for its enhanced reduction of nuclear arms. "They have sanctions on Russia -- let’s see if we can make some good deals with Russia," Trump told The Times of London. So, what exactly are the sanctions that Trump could erase in a deal with Russia? ABC’s JUSTIN FISHEL has more: http://abcn.ws/2j1nIKr

MONICA CROWLEY STEPS AWAY FROM POSITION IN TRUMP ADMINISTRATION. Monica Crowley, who was President-elect Trump's pick for senior director of strategic communications for his National Security Council, said Monday she will not be taking a position in the Trump Administration, ABC’s KATHERINE FAULDERS writes. "After much reflection, I have decided to remain in New York to pursue other opportunities and will not be taking a position in the incoming administration," Crowley said in a statement provided to ABC News. http://abcn.ws/2izCk2Q

WHAT TO EXPECT AT DONALD TRUMP'S INAUGURATION. On Friday, Donald Trump and Mike Pence will participate in a tradition that’s over 200 years old -- the presidential and vice-presidential inauguration. “We're going to have a very, very elegant day. The 20th is going to be something that will be very, very special, very beautiful," President-elect Trump has said of his big day. But the festivities for Trump and Pence are set to begin even before Inauguration Day. ABC’s VERONICA STRACQUALURSI explains what's planned: http://abcn.ws/2jpsNzV

IN CASE YOU MISSED IT

TRUMP MEETS WITH MARTIN LUTHER KING JR.'S SON. President-elect Donald Trump met with Martin Luther King Jr.'s son Monday to discuss the civil rights leader's legacy. Martin Luther King III said that he had "a very constructive meeting" with the president-elect and touched on how he hopes to be a "bridge-builder" to help the country "become a greater nation" moving forward. He praised the work of Rep. John Lewis, the Georgia congressman and icon who marched with Martin Luther King Jr. at Selma and other key civil rights protests, note ABC’s JORDYN PHELPS and ALANA ABRAMSON. http://abcn.ws/2j0aaPE

WHO’S TWEETING?

@rickklein: .@MarthaRaddatz: "What Donald Trump is saying [on NATO] is *very different* than what his Cabinet picks said at confirmation hearings." @GMA

@ArletteSaenz: CIA Director John Brennan: “Was I a leaker of this? No." http://on.wsj.com/2iCOJ5U

@karentravers: Today is @PressSec final briefing. One of the few top staffers who came in w/Obama on Day 1 & still here. Joined Obama team in 2007 in Iowa.

@mikedebonis: The Koch network’s new agenda: Familiar ideas and much higher expectations http://wapo.st/2jFFxjg

@BillHemmer: WHOA: @AP - Putin says those who spread fake allegations about Trump are "worse than prostitutes"