This is a snapshot of the Dow since President Trump's inauguration after dropping more than 15% since its record high, putting it into correction territory.

I'm not an economist, but it's probably a bad sign when the chart itself looks like it jumped off the roof.

Look at that drop.

My mom is going to make a roller coaster of that.

Mom, I want to ride the Dow Jones.

We can't afford it.

As a result of the terrorist, Americans are now racing to buy iPhones before prices increase.

Yep, iPhones and toilet paper are two most essential bathroom items.

How's he even coming up with these numbers? I don't. What do you think about a tariff of

100% on China? Not enough. Make it 104. All right, the late night shows focusing heavily on

Donald Trump's tariffs. It comes as the president's trade policies continue

to rattle the markets leading to a dramatic sell-off yesterday on Wall Street and pushing

one of the major averages dangerously close to a bare market. Meanwhile, Trump's sky-high

taxes on Chinese imports took effect overnight, and the president already has plans for more tariffs on an industry that would impact millions of Americans.

We're going to go through all of that straight ahead.

Plus, we'll have an update on the Trump administration's attempts to control who can be a part of the White House press pool and will get

expert legal analysis on the state attorneys general who are having some success in challenging

the president's executive orders. Good morning and welcome to Morning Joe. It is Wednesday,

April 9th. There's a birthday boy, Morning Joe himself.

Happy birthday, Joe. With us, we have the co-host of our fourth hour. Jonathan Lemire, he's a

contributing writer at the Atlantic covering the White House in National Politics and writer at

large for the New York Times. Elizabeth Bue Miller joins us as well. The markets are off to a roller coaster start this

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