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Hey listeners, it's Saturday, March 15th. I'm Francesca Fontana for the Wall Street Journal, and this is

What's News and Markets, our look at the biggest stock moves of the week and the news that drove them.

Let's get to it. Welcome back, everybody. Hope you made it through this week in markets in one piece.

What was it, in a word, a doozy. Well, maybe that's two words. What was the week about in a few words?

Recession fears and trade. Recession fears were in the foreground for many companies' earnings

reports. For instance, coals joined the growing chorus of retailers' warning of slowing household

spending this year, and the stock on Tuesday plummeted 24%.

Plus, on Friday, we saw that the University of Michigan Index of Consumer Sentiment fell

to its lowest level since November 2022, so not great.

And we'll get into the trade war stuff in a bit, but minor spoiler alert, it was Thursday, the

day the European Union got more tariff threats from Trump, that the S&P 500 closed in

correction territory. In other words, it fell more than 10% from its recent high on February 19th.

All in all, the three major indexes posted weekly declines, with the Dow dropping about 3%,

and the S&P and the NASDAQ each falling more than 2%.

First up, Tesla, Elon Musk's EV maker, which got some relief from its latest route

thanks to a shoutout from previous EV hater, President Trump.

In case you missed it, disappointing sales data and concerns over Musk's role in the Trump administration

...