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The Beat with Ari Melber

Trump Triggers Worse Day For Stocks Since Pandemic

The Beat with Ari Melber

Ari Melber, MS NOW

Politics, News, Versant Media, Ms Now, Daily News, Versant, Government

4.64.2K Ratings

🗓️ 3 April 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

MSNBC's Ari Melber hosts "The Beat" on Thursday, April 3, and reports on the stock market plunge following President Trump's tariffs. Margaret Carlson, Gov. JB Prtizker, Catherine Rampell and Libby Casey join. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Let's begin like this. It is Thursday, April 3rd, a day that is now etched in the history

0:07.7

of failed economic policy and self-inflicted political wounds as President Trump's broad,

0:14.9

completely untargeted tariffs are tanking the U.S. markets, wreaking havoc on American companies, ensuring now much higher

0:24.1

prices on American consumers, undercutting over the long haul American jobs, risking a recession,

0:31.7

and that's according to many experts in the coverage we've seen all across this chaotic day.

0:36.1

And let's be clear, Trump's policies slapping a giant

0:40.6

tax on Americans, as his former VP, Mike Pence, put it today. Numbers do not lie. We always try to

0:49.5

show you the facts here and lead with the facts. And while some numbers are so bad that we can all reasonably

0:55.1

agree, it's not a good thing, it's a bad thing. I want to begin not with my observation or

1:01.8

Nicole's or what we've discussed in plain English, but the numbers that show, these are

1:06.5

the most damaging tariffs in a century. And this is now today the largest stock

1:14.8

slide since the global pandemic first arrived in President Trump's first term.

1:21.2

Mark is, looks set to sell off as Donald Trump imposes the steepest U.S. import levies in a century.

1:27.0

I don't think there's a single positive take on this. This is all just bad.

1:30.9

Stock set to wipe out nearly $2 trillion in market value.

1:34.8

Taking a plunge as investors react to the sweeping tariffs. The world was yesterday sort of

1:39.1

bracing for a bazooka. But Trump decided he was decided he was going to go to Chicago

1:43.8

way and he dropped an

1:44.9

economic moab. And they are going to turn it upside down, and I think 50-50 into a recession.

1:52.3

Markets tanking. Experts warning of a recession, which would be self-inflicted by a new president

1:59.6

in the beginning of the term, almost unheard of.

2:02.3

In fact, to find a stock slide this bad, as mentioned, you have to go beyond any of the normal

...

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