Stocks slump, Trump on defense over recession fears
The Beat with Ari Melber
Ari Melber, MS NOW
4.6 • 4.2K Ratings
🗓️ 10 March 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to The Beat. I'm Ari Melbert. Our top story is ricocheting across the country from Wall Street to |
| 0:07.3 | Main Street, people who follow the markets, people affected by the markets, people who have money in their |
| 0:12.0 | retirement program, and a heck of a lot of employees wondering if a day this bad, what some are calling a Trump slump, |
| 0:18.5 | means we are in for a rocky ride. The Dow plunged almost 900 |
| 0:22.7 | points. The NASDAQ had its worst day in over two years. The markets are selling off to a point |
| 0:30.0 | where we're starting to see some real breakage here. Bell's going to ring in just a moment now, |
| 0:34.9 | and it's going to ring out a lot of red. Here come the bells. Oh, boy, what a session. We are actually closing off the session |
| 0:43.2 | lows, but a big and ugly day. That bell marks the end of regulation, mercifully maybe. Stocks |
| 0:49.7 | closing off the lows, but there's another big sell-off to start the week, especially for big tech, |
| 0:55.2 | with the NASDA tanking 4%, dragged down by a Tesla, Pallenteer, Apple, and Nvidia. |
| 1:00.1 | A total complete washout, very, very few companies that managed to be in the green today. |
| 1:07.8 | And President Trump, who has long-sighted his perceived or claimed business record, sometimes in a |
| 1:14.7 | boardroom that was actually a television set, sometimes in other actual real world business deals, |
| 1:19.7 | branding and casinos. He has long cited that as his differentiator across a lot of other |
| 1:26.8 | candidates and leaders. And we have seen evidence that at times |
| 1:29.6 | the voters have bought that, the idea that his background in business or the television business |
| 1:35.1 | would somehow make him a great leader for the economy. That was tested in the first term where the |
| 1:41.0 | pandemic and other incidents overtook the entire economy. Trump certainly |
| 1:45.1 | didn't have a magic way to reverse that then. Maybe no president could have. But now we are seeing |
| 1:50.6 | a direct response to his leadership, the way he is running the government, the reports of |
| 1:55.9 | these chaotic cabinet meetings, the tariffs that are announced, withdrawn, repackaged. And during an interview on Fox with |
| 2:05.0 | Maria Bart Romo, who is a well-known reporter, has tracked a lot of business issues over the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ari Melber, MS NOW, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ari Melber, MS NOW and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

