This is the Global News Podcast from the BBC World Service.

I'm Nick Miles, and in the early hours of Tuesday, the 11th of March, these are our main stories.

Stock markets have closed down sharply in the United States amid concern over President Trump's tariffs and refusal to rule out recession.

President Zelensky is in Saudi Arabia,

which is hosting the first significant peace talks

since the Russian invasion of Ukraine.

And we hear from our correspondent in Lebanon

about Syrians who fled across the border

after a wave of sectarian killings.

Also in this podcast.

One, I was gobsmacked, but two, I was fuming.

The British couple given a hefty fine after reporting a migrant who secretly hitched a lift on top of their car.

Let's start this podcast in the United States.

President Trump ran his election campaign on promises to fix the economy.

But early into his presidency, two things have been having a huge impact on the markets,

uncertainty and tariffs. Both have been in abundance since he on the markets, uncertainty and tariffs.

Both have been in abundance since he took office less than two months ago.

And it was his refusal to rule out a recession in the United States

that seems to have been the last straw, with the stock markets falling particularly heavily.

Michelle Flurry is our New York business correspondent, and I asked her which stocks were down.

I think the question should be, what isn't down?

It's been such an ugly day here on Wall Street.

...