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The 11th Hour with Stephanie Ruhle

Stocks sink as Trump's trade war intensifies

The 11th Hour with Stephanie Ruhle

NBC News

Politics, Washington, News, President, Policy, Government, Senate, Congress, Msnbc

4.53.6K Ratings

🗓️ 11 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks start the week with heavy losses as Trump’s trade war heats up and he refuses to rule out a recession. Plus, Mike Johnson scrambles to avoid a government shutdown with just days to go before this Friday night’s deadline. Then, Democrats face the challenge of fighting Trump's agenda while Steve Bannon and Elon Musk battle for the soul of MAGA. Susan Glasser, Dave Weigel, David Drucker, Jeff Stein, Chris Lu, James Carville, and Mark McKinnon join The 11th Hour this Monday.

Transcript

Click on a timestamp to play from that location

0:00.0

Tonight, stocks plunge as the president refuses to rule out a recession and his trade war ramps up.

0:07.6

What's next as Ontario slaps a 25% surcharge on electricity for over one million Americans.

0:15.0

Plus, Mike Johnson scrambles to avoid a shutdown ahead of the Friday deadline.

0:19.7

Then James Carvel and Mark McKinnon are here on

0:22.5

everything from Democrats' game plan moving forward to the MAGA Civil War over Elon Musk as the

0:28.5

11th hour gets underway on this Monday night.

0:36.2

Good evening once again. I am Stephanie Ruhl live from D.C.

0:39.8

And it is day 50 of the second Trump administration.

0:43.2

And as we begin, week number eight, the markets.

0:46.6

The stock market is an absolute free fall.

0:49.1

After days of losses, because of Trump's tariffs, stocks took an absolute nose dive today after the president

0:55.3

said he would not rule out the idea of a recession. Here's my colleague Kelly O'Donnell

1:00.0

with those details. Tariff turmoil, the president's trade war, churning volatile markets

1:06.9

and provoking countermeasures from adversaries and friends, including Canada's next prime

1:16.1

minister, Mark Carney.

1:17.6

My government will keep our tariffs on until the Americans show us respect.

1:23.6

But uncertainty renews anxiety.

1:27.2

President Trump did not appear on camera today.

1:30.1

That's rare.

1:31.2

But he did weigh in on the risks of recession, notably not ruling it out in a Fox News interview

1:37.3

that aired Sunday.

1:38.5

I hate to predict things like that.

...

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