Good evening. Once again, I am Stephanie Ruhl and welcome to the nightcap. If you have been

counting, it is day 47 of the second Trump administration. And it has been an expensive week of

economic chaos. So do not look at your 401k before you go to sleep tonight. As economist, Justin

Wolfer's points out at the low point this

morning, stocks were down nearly 5% for the week. That's more than $2 trillion. That means the value

of every S&P company was down about $6,000 per every American. Those stocks did bounce back a bit.

They were still down 3% at closing. So why did this

happen? Well, if you weren't paying attention, let's look at Donald Trump's week. Monday, he announced

he would go ahead with tariffs and the markets dropped. Tuesday, those tariffs went into effect.

Wednesday, the president rolled back tariffs on automakers, including the big three. On Thursday, the president rolled back

some tariffs on some goods from Canada and Mexico. And earlier today, he hinted at the possibility

of more tariffs on Canadian goods in the near future. Did you get that? Well, the markets sure

didn't. They don't like confusion or chaos. And this morning, we also got the jobs report for February.

The first full month of Trump's second term, it was weaker than expected, and it comes as doge cuts lead to mass firings of government workers.

With that, let's bring in our nightcap, and I warn you, Naira Hock already nailed it before the show.

So we're going to try to do it well on live TV.

Zeke Fox is here, investigative reporter for Bloomberg Business Week and crypto expert.

Naira Hock, former senior official at the White House and the State Department,

former New York prosecutor and civil rights attorney, Charles Coleman Jr.

And Paul Rikoff, founder and CEO of Independent Veterans of America and the host of

the Independent Americans podcast. His latest episode is with Navy Vet and Arizona Senator Mark

Kelly. It is a must. Listen, okay, one of the main reasons President Trump won in

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