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Live in Times Square, this is Good Morning America.

Good morning America, big Basketball weekend coming up. Yeah,

MCAA. Big, big basketball weekend. We also have a lot of other news to get to, including the potential last-minute deal to save TikTok with the deadline ban to ban it looming, but will China be on board here?

And we're also tracking the tornado outbreak. And take a look at this. It's just a glimpse

at the damage in Selmer, Tennessee, after an EF3 twister with wind of 160 miles per hour tore through.

Yeah, my daughter and her friends in Nashville last in Nashville, I had to take shelter.

We're going to begin with fallout from President Trump's trade war. His tariffs sent shockways through the market. Stocks had their biggest one-day loss in five years. It's been since the pandemic, more than $3 trillion of value was wiped out. The worst one-day losses for the S&P in 500 and the NASDAQ since 2020. Of course, concerns are growing about the impact on businesses and consumers.

Trevor Alta is on Wall Street with the latest. Good morning, Trevor. Good morning, Georgia,

and this harsh drop in the markets is only fueling fears of a potential recession. J.P. Morgan

analysts have now updated their chance of a recession this year to 60%, meaning they think it's more likely than not.

And we have seen stocks get heavily slashed since these tariffs were made official, and it

seems like the bleeding may not stop anytime soon.

This morning, the widespread fallout from President Trump's sweeping tariffs.

The stock market losing $2.5 trillion in value Thursday, the worst single-day plunge since the pandemic

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