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The Excerpt

Major stock indexes have worst day in years

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 4 April 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

USA TODAY Money and Personal Finance Reporter Medora Lee takes a look at a historically bad day for the markets.

The Trump administration gives states 10 days to certify they've ended DEI in schools.

President Donald Trump has fired the top boss at NSA.

USA TODAY White House Correspondent Francesca Chambers discusses the firings of several Trump White House national security officials. Plus, a Pentagon watchdog launches a probe into the Signal chat leak.

Another active Atlantic hurricane season is on the way.

Let us know what you think of this episode by sending an email to [email protected].


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Transcript

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0:00.0

Good morning, I'm Taylor Wilson, and today is Friday, April 4th, 2025.

0:09.0

This is the excerpt.

0:15.0

Today, just how bad did the markets get?

0:17.0

Plus, Trump fires officials on the National Security Council and another active hurricane season

0:22.4

is on the way.

0:25.5

It was a brutal day for the U.S. stock market yesterday in the wake of President Donald Trump's

0:29.8

announced tariffs this week. Still, Trump speaking to reporters before leaving the White House was

0:34.6

optimistic. The markets are going to boom. The stocking's going to boom.

0:38.2

The country is going to boom?

0:39.8

And the rest of the world wants to see, is there any way they can make a deal?

0:44.0

They've taken advantage of us for many, many years.

0:47.4

For many years, we've been at the wrong side of the ball.

0:50.8

And I'll tell you what, I think it's going to be unbelievable. For more on how exactly the markets reacted and what might be next, I caught up with USA Today,

0:58.4

Money and Personal Finance Reporter, Madora Lee.

1:01.1

Hello, Madora. Thanks for joining me on what I'd imagine has been a pretty crazy day for you.

1:05.3

Yeah, pretty crazy is right. I don't think we had this much excitement in the markets in years. Well, let's get into that.

1:12.9

I mean, I know the market's cratered. We expected this, but how bad did things get? Pretty bad.

1:18.4

I mean, we already started sharply lower, so that was bad. But then we extended those losses.

1:23.6

The Blue Chip Dow lost nearly 1,700 points in one day. The S&P 500 tumbled about

1:31.4

275 points. All three major stock indexes were sharply lower on the day. And here's some good

1:39.7

stats for you. The Dow's posted its largest one day loss in September 2022. The S&P 500 had its

1:47.2

worst day since June 2020. And the NASDAQ had its biggest single day loss since March 2020,

...

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