An existential crisis for markets?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 May 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
The stock market mess many connect to President Donald Trump's intense tariff policy is, as of this morning, largely corrected. We'll unpack the recent market rollercoaster ride and discuss what to make of it all. Plus, a sweeping tax bill could extend many tax cuts from Trump's first term — but plenty of twists are expected ahead. And Trump is in Saudi Arabia for a four-day trip to the Gulf. What's on the agenda?
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Linley Dixon here. If you care about where your food comes from, you've got to check out the |
| 0:04.5 | Real Organic Podcast. Each episode uncovers the forces reshaping organic food, like why corporate |
| 0:10.4 | lobbying is redefining what organic means and how farmers are fighting back. With interviews from |
| 0:16.0 | farmers, scientists, and activists, it's an eye-opening series for anyone who wants the truth about |
| 0:21.6 | what's on their plate. So follow the Real Organic Podcasts on Apple Podcasts, Spotify, or wherever you |
| 0:27.9 | get your podcasts. Don't miss out. When the stock market recovers for a day, do consumers and |
| 0:34.8 | businesses also turn on a dime? I'm David Brancaccio in Los Angeles. It's like when the |
| 0:40.4 | screen goes wavy, the character wakes up, and it was all a bad dream. Perhaps the stock market mess, |
| 0:47.2 | many connect to President Trump's intense tariff policy, is, as of this morning, corrected in a way. |
| 0:53.4 | After the U.S. and China rolled back some mutual |
| 0:55.6 | import taxes yesterday, the NASDAQ index is now up 22% from its early April trough. Pros now |
| 1:02.5 | label the NASDAQA as a bull market. Ben Kumar, head of equity strategy at 7 investment management, |
| 1:08.0 | takes a detached view. It has been quite impressive to watch the way in which people have priced and repriced |
| 1:19.9 | basically the Twitter feed of one man because how can something be worth 20% more than it was |
| 1:25.7 | a month ago? |
| 1:26.4 | Were you wrong last month or are you wrong today? |
| 1:28.8 | Wow. |
| 1:29.1 | We're having an existential crisis here, you and I, Ben. |
| 1:31.4 | But I will say it's not just big famous companies like Apple and Netflix, |
| 1:36.7 | quite broad-based the rally that occurred after tariffs flipped some with China yesterday. |
| 1:44.1 | Absolutely. |
| 1:45.0 | And I think you've seen it in what I think of as kind of the Trump trades round one. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

