How Trump Wiped Out $10 Trillion in Wealth in 3 Days
The Daily8 Huhti

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:

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

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

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Wednesday, Feb. 22, 2017

Wednesday, Feb. 22, 2017

Are 11 million people suddenly facing deportation? What we know and don’t know about the Trump administration’s new plan for undocumented immigrants. Guests: Michael D. Shear, a White House reporter at The New York Times, and Caitlin Dickerson, a national reporter who writes about immigration; Sheriff Mark Napier of Pima County, Ariz. For more information on today’s episode, visit http://nyti.ms/2lc3H5e. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

22 Helmi 201720min

Tuesday, Feb. 21, 2017

Tuesday, Feb. 21, 2017

Who are the 500 private citizens with unprecedented access to President Trump on the weekends? And what is the “deep state”? Guests: Scott Shane, who has covered national security and the U.S. intelligence community for The Times for decades, and Nicholas Confessore and Maggie Haberman, who unmasked the secret list of Mar-a-Lago members. For more information on today’s episode, visit http://nyti.ms/2lEWRbt. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

21 Helmi 201720min

Friday, Feb. 17, 2017

Friday, Feb. 17, 2017

President Trump’s sprawling surprise news conference and the view from Russia. Guests: Jim Rutenberg, the media columnist for The New York Times; Neil MacFarquhar, The Times’s Moscow bureau chief. For more information on today’s episode, visit http://nyti.ms/2m6gM0O. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

17 Helmi 201718min

Thursday, Feb. 16, 2017

Thursday, Feb. 16, 2017

President Trump says peace in the Middle East does not require a two-state deal. What we know and what we don’t about the Trump campaign’s communication with Russia. And why did Republicans turn on Andrew Puzder? Guests: Mark Mazzetti; Alan Rappeport. For more information on today’s episode, visit http://nyti.ms/2m1BDRS. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

16 Helmi 201717min

Wednesday, Feb. 15, 2017

Wednesday, Feb. 15, 2017

From fateful call to resignation, the 47-day fall of President Trump’s national security adviser, Michael T. Flynn. We tell the whole story. Guest: Matthew Rosenberg, a national security reporter for The New York Times who has known Mr. Flynn for years. For more information on today’s episode, visit http://nyti.ms/2l7w8ls. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

15 Helmi 201717min

Tuesday, Feb. 14, 2017

Tuesday, Feb. 14, 2017

America and the Middle East in the Trump administration: deep, personal ties and an emerging plan for peace. Guests: Jodi Kantor, a reporter for The New York Times; Amanda Taub and Max Fisher, who write The Times’ Interpreter column. For more information on today’s episode, visit http://nyti.ms/2kFDqvC. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

14 Helmi 201720min

Monday, Feb. 13, 2017

Monday, Feb. 13, 2017

Where did Stephen Miller come from, and how will his views on immigration influence the presidency? Also, farmers torn between support for President Trump and fear that he might deport their employees. Guests: Glenn Thrush, White House correspondent for The New York Times; Caitlin Dickerson, a reporter for The Times; and Jeff Marchini, a radicchio farmer in California. For more information on today’s episode, visit http://nyti.ms/2kiWbsF. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

13 Helmi 201720min

Friday, Feb. 10, 2017

Friday, Feb. 10, 2017

Is President Trump’s travel ban headed to the Supreme Court? Did the boy in the photograph make it to America? Plus: your stories about living through history. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

10 Helmi 201720min

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