Tonight, melt down the market. See their worst one day loss since the pandemic as Trump's

tariff blitz sends shockwaves to Wall Street. Then the president gets personal advice

from a far-right conspiracy theorist who told him to fire members of the National Security Council.

And Pete Higgst's group chat gets new scrutiny this time from a watchdog for

the Pentagon as the 11th hour gets underway on this Thursday night.

Good evening once again. I am Stephanie Rule. It is day 74 of the second Trump administration. And tonight, you know we are starting with money, power, politics. No choice, because it might be hard to get your head around how badly the markets immediately cratered today after Trump's global tariff announcement. And the truth is, I don't think the markets have even absorbed the potential here.

Because there is only one other time period in our history that we've seen anything like it.

The Dow had its worst one-day loss since the pandemic.

The NASDAQ and S&P also had their worst losses since 2020.

The Wall Street Journal pointed out that stocks lost more

than $3 trillion in value today. And the new cover of The Economist shows Trump taking a saw

to the United States with the headline, Ruination Day. So what's the president up to

after this day? Well, he flew down to Florida for a Saudi Arabian live golf tournament.

But before he left, you know what he said?

He's thrilled with these tariffs.

I think it's going very well.

It was an operation.

Like when a patient gets operated on.

We have six or seven trillion dollars coming into our country,

and we've never seen anything like it. The markets are going to boom, the stock is going to

boom, the country is going to boom, and the rest of the world wants to see, is there any way

they can make a deal? They've taken advantage of us for many, many years.

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