The Daily8 Apr 2025

How Trump Wiped Out $10 Trillion in Wealth in 3 Days

On Monday, global stocks whipsawed over President Trump’s tariffs, a bear market briefly became official in the United States and tit-for-tat retaliation with China intensified.

As trillions of dollars in corporate value evaporates and Mr. Trump’s support in the business world is cracking, even Republican members of Congress are debating whether to take away the president’s power to wage a trade war.

Andrew Ross Sorkin, who covers business and policy, and Jonathan Swan, who covers the White House, talk through the tumultuous past few days on the stock market.

Guest:

Andrew Ross Sorkin, a columnist and the founder and editor-at-large of DealBook, which publishes the flagship business and policy newsletter of The New York Times.
Jonathan Swan, a White House reporter for The New York Times.

Background reading:

DealBook: Does Mr. Trump Have an “Off Ramp”?
What is a bear market? Are we in one?
China says it will “fight to the end” after Mr. Trump threatens more tariffs.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: Timothy A. Clary/Agence France-Presse — Getty Images

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(2916)

Why Are Grocery Store Prices So High

According to the Economic Research Service at the Department of Agriculture, prices across all food categories are expected to rise 3.2 percent in 2026. Today, Jessica Cheung, a senior audio producer ...

13 Jul 37min

What’s Epic About the ‘Odyssey’? Everything.

This Friday, “The Odyssey,” directed by Christopher Nolan, hits theaters. Even before the movie’s release, though, it’s proving to be a cultural event. Spirited discussions of Nolan’s cinematic interp...

12 Jul 50min

Mick Jagger Knows He May Have Played His Last Rolling Stones Show

The legendary rock star, now 82, on how fame, touring and aging have changed him. Thoughts? Email us at theinterview@nytimes.com Watch our show on YouTube: youtube.com/@TheInterviewPodcast For tra...

11 Jul 1h 2min

Cuba Under Siege

In January, after the capture of President Nicolás Maduro of Venezuela, the Trump administration turned its attention to Cuba. In the months since, the White House has used every tool at its disposal ...

10 Jul 47min

The Unprecedented Personal Profits of Trump’s Presidency

A recent financial disclosure shows that President Trump has made $2.2 billion since he returned to office. Today, Eric Lipton, a New York Times investigative reporter, reveals the Trump family’s next...

9 Jul 29min

The Implosion of Graham Platner

The campaign for Graham Platner, the Democratic nominee for Senate from Maine, imploded this week after he was accused of rape. Lisa Lerer and Shane Goldmacher, national political correspondents for T...

8 Jul 35min

The Onion’s Latest Joke: Taking Over Infowars

Last Thursday, the satirical newspaper The Onion started its own version of Infowars, the infamous online hub of misinformation created by Alex Jones. The takeover has been years in the making. After ...

7 Jul 22min

The Landmark Housing Bill That Trump Refuses to Sign

President Trump called a major bill to address the housing crisis “the most comprehensive and consequential housing legislation in the history of our country,” and a Congress controlled by his own par...

6 Jul 23min