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Good afternoon from New York. We're coming on the air with breaking news about an exceptionally brutal day on Wall Street.

President Trump's tariffs sparking a huge sell-off today,

sending all three major markets plunging the trading day. There you're hearing the bell

ringing. It's closing. The free fall comes after the president's announcement yesterday to slap

reciprocal tariffs on global trading partners. Let's look at the final numbers now on Wall Street.

The Dow losing almost a little.

Welcome to a special question and answer edition of the news agents, which as you're going to see,

is going to be dedicated to the truly seismic events of the past couple of days on Donald Trump's

announcement of global tariffs, which is causing global turmoil.

And we start with a question from Anna, the stock markets are collapsing.

And there's all this talk of recession. How worried should we really be?

I think this is the central question, isn't it? I mean, as we're recording this, just after 1 o'clock on Friday,

we saw real stock market volatility post-tariff's announcement on Wednesday night.

No coincidence at all, of course, that Trump decided to announce it

after the stock markets had closed for precisely that reason.

Thursday, volatility. Friday even worse.

We're seeing tech stocks in particular go down the tube. We're seeing the footsie in London open

4 to 5% down. I suspect the same thing will happen in the US. Brent crude oil down to $60 a barrel. That's pre-Ukraine war territory. And oil prices

are a very good indicator usually of where the markets think the overall economy is going to go

because if you think there's going to be lower activity and you think there's going to be a recession,

...