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Live from NPR news in Washington, I'm Jack Spear. U.S. stocks were in free fall for a second

day today as President Donald Trump continues to push his global tariffs.

The Dow Jones Industrial average fell more than 2,000 points for just the fourth time in history.

The NASDAQ and the S&P suffered even larger losses.

NPR's Maria Aspen says investors and average Americans alike have seen trillions of dollars

and wealth evaporate over just the past few days.

About 60% of U.S. households own stocks, according to the Federal Reserve.

And the market is where people usually have their retirement savings invested through 401Ks or other retirement plans.

Trump has shrugged off the market decline, saying he, quote, will stick with his tariff plan.

As tariffs lead to layoffs and factory closures in the

auto industry, the Mercedes-Benz plan in Alabama plans to hire more U.S. workers. Stephen Peshaw.

The Gulf State's Newsroom reports Mercedes told workers is seeing strong demand for its Alabama-built

vehicles. A Mercedes spokesperson confirmed a flyer posted in the plant that announced a ramp

up in production. The German automaker did not say how many new workers would be hired. Some of its

current employees will work more shifts starting in July. Mercedes also said it's too soon to know

the tariff's full effect. The decision to increase production was made before

Tuesday's tariff announcements, though Trump promised tariffs on carmakers since the 2024

presidential election. Meanwhile, Stalantis, which owns brands like Jeep and Chrysler,

announced it's laying off 900 U.S. workers because of the tariffs. For NPR News, I'm Stephen

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