Welcome to meet the press now.

I'm Kristen Welker in Washington, where we're following the fallout from another awful day on Wall Street, as stocks plunged for a second straight trading session with the president doing little-to-com investors

as analysts that America's largest bank warned of a global recession.

And Federal Reserve Chair Jerome Powell cautioned that the president's sweeping new tariffs

will likely push prices higher and growth lower.

The Dow plunged more than 2,000 points.

It's fallen roughly 9% over the last two days.

American companies in the S&P 500 fell roughly 5% today.

The index has fallen more than 10% in the last two days,

wiping out more than $4 trillion in value from those companies.

And the tech-heavy NASDAQ index fell nearly 6% today.

It's now in bare market territory, falling more than 20% in recent weeks.

All of it comes as the world's second largest economy, China, announced overnight that it

would impose a 34% retaliatory tariff on U.S. imports,

and J.P. Morgan raised the odds of a global recession to 60% up from 40%.

Meanwhile, after failing to calm markets yesterday by saying they are going to boom,

the president again today signaled that his tariffs were negotiable.

Even as White House officials are saying precisely the opposite, that this is not a

negotiation.

Also today, Mr. Trump stepped up pressure on the Federal Reserve to inject more money into

the economy by cutting interest rates.

That pressure from the president came just moments before Fed Chair Jerome Powell warned

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