meta_pixel
Tapesearch Logo
Log in
CNN 5 Things

Tariff yo-yoing, Musk position ‘course corrected’, Tesla shares drop & more

CNN 5 Things

CNN

News, Daily News

3.71.3K Ratings

🗓️ 6 March 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

We start with the latest on President Donald Trump’s tariff walkdown and how it’s affected Wall Street. Trump has announced biweekly Cabinet meetings with Elon Musk to make cuts more precise. A federal watchdog fired by Trump has backed down from his appeal. A lack of rain in Texas has worsened drought conditions and increased risk of wildfires. Plus, we tell you why Tesla shares have dropped so harshly. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

From CNN, I'm Josh and Chana, with the five things you need to know for Thursday, March 6th.

0:07.0

President Donald Trump has today signed executive actions that will delay tariffs for nearly one month on all products from Mexico and Canada,

0:16.0

which are covered by the US, Mexico and Canada Free Trade Treaty.

0:20.0

And in response, Canada's finance minister has said on X, it will also pause its own tariffs on the US.

0:26.6

The walkback is a remarkable reversal of one of Trump's signature economic plans,

0:30.6

which has rattled markets, businesses and consumers.

0:34.6

Trump denied the market had anything to do with his reversal

0:37.8

in a press conference in the Oval Office today.

0:40.4

No, nothing to do with the market.

0:41.9

I'm not even looking at the market

0:43.4

because long term, the United States will be very strong

0:46.6

with what's happening here.

0:48.3

Now, these are countries and companies,

0:51.0

foreign companies that have been ripping us off

0:53.3

and no president did anything about it until I came along,

0:57.0

and I did a lot about it.

0:59.0

Despite his defiance, the yo-yoing on tariffs has affected Wall Street badly.

1:03.0

The Dow closed lower by 428 points,

1:07.0

which leaves the Dow down almost 3% on the week,

1:10.0

on track for its worst week since March

1:11.9

2003.

1:14.7

Trump has said he will have bi-weekly cabinet sessions with Elon Musk in order to make the

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNN, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNN and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.