Trump Tariffies The Markets

What A Day

Crooked Media

News, Daily News

4.6 • 12K Ratings

🗓️ 4 April 2025

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If Wednesday was ‘Liberation Day’ in America, then Thursday was its day of reckoning, as the reality of President Donald Trump’s decision to levy steep tariffs on dozens of countries set in. Financial markets around the world cratered. In the U.S., stocks lost more than $3 trillion in market value, registering their largest one-day drop since the start of the pandemic. But none of it seemed to bother Trump, who said of the fallout from his tariff announcement, ‘I think it’s going very well.’ Scott Lincicome, vice president of general economics and trade policy at the Cato Institute, tells us everything we need to know about Trump’s tariffs. And in headlines: The Pentagon’s acting inspector general said he’ll review Defense Secretary Pete Hegseth’s use of the Signal app to discuss military plans, the White House threatened to withhold funding from public schools over DEI programs, and lawyers for a Tufts University student detained by immigration officials asked a judge to keep her case in New England.

Transcript

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0:00.0	It's Friday, April 4th. I'm Jane Koston, and this is Wadaday.
0:07.1	The show that unlike Health and Human Services Secretary Robert F. Kennedy Jr.
0:11.3	has never had to rehire hundreds of people working on juvenile lead exposure because this show
0:16.4	would never fire hundreds of people working on juvenile lead exposure.
0:21.9	On today's show, the Pentagon's acting inspector general is looking into Signalgate,
0:26.7	and President Donald Trump reveals his very on-brand gold card.
0:31.0	But let's start with the day after a liberation day.
0:34.2	Call it, wait, what the hell, day.
0:37.3	The day after Donald Trump leveled tariffs on every
0:40.4	other country, with bigger tariffs on China, the EU, and Madagascar for some reason,
0:46.1	stocks plummeted in their worst day since 2020, the height of the COVID-19 pandemic. Here's CNN.
0:52.7	All three U.S. stock indexes hemorrhaging at the closing bell just moments ago.
0:57.9	The Dow losing nearly 4% of its total value, down more than 1,600 points.
1:04.3	The NASDAQ down nearly 6%.
1:06.5	The S&P plunging nearly 5%.
1:09.9	Even Fox News had to recognize that the stock market was having a bad time.
1:14.8	Though Fox News host Will Kane felt it necessary to ask a larger question.
1:19.3	Tech stocks absolutely hammered down 10% on the NASDAQ.
1:23.4	It does deserve some context.
1:25.9	What do we mean by down? What do we mean by down?
1:28.4	What do we mean by down? Indeed.
1:32.1	There have been some admittedly hilarious defenses of Trump's tariffs online on Thursday.
	...

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