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The 7

Tuesday, March 11, 2025

The 7

The Washington Post

Daily News, News

4.61.1K Ratings

🗓️ 11 March 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

Tuesday briefing: Stock markets; Ukraine talks; Elon Musk and Mark Kelly; Rodrigo Duterte arrest; Mahmoud Khalil; and more


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Transcript

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0:00.0

Tariffs are causing economic anxiety.

0:06.7

It could be a pivotal day for Ukraine.

0:09.4

And dogs really seem to hate the TV show Severance.

0:13.3

That's some of what we'll get into on the seven from the Washington Post.

0:17.3

I'm Laura Benchoff.

0:19.1

It's Tuesday, March 11th. Let's get you caught up with today's seven stories.

0:27.8

Number one. All three major U.S. stock indexes slumped yesterday. President Donald Trump's

0:36.3

escalating trade war is driving fears about the stability

0:39.7

of the economy. Investors are unsettled by Trump's willingness to impose tariffs that go beyond

0:46.2

his campaign promises. And their concerns were amplified over the weekend when Trump refused to

0:52.9

rule out the possibility that the U.S. is headed for a

0:56.2

recession. At market close yesterday, the Dow Jones was down 890 points. The S&P 500 fell 2.7 percent,

1:06.3

and the NASDAQ plummeted 4%. Trump's senior advisors downplayed the fresh economic turbulence.

1:14.5

Here's top administration economist Kevin Hassett talking on CNBC yesterday.

1:19.6

There are a lot of reasons to be extremely bullish about the economy going forward.

1:24.4

But for sure, this quarter, there are some blips of the data, including the

1:28.2

negative GDP Dow, which are related both to the Biden inheritance and to some, you know,

1:32.9

timing effects that are happening ahead of tariffs.

1:35.2

His comments didn't appear to immediately convince investors. The CBO volatility index,

1:42.0

known as Wall Street's fear gauge, jumped 19.5% by the end of the trading day.

1:54.7

U.S. and Ukrainian officials are holding talks today on ending the war with Russia. That's number two. The talks are taking

2:03.6

place in Saudi Arabia, and the stakes are high. It's the first meeting between U.S. Secretary

...

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