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

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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Thursday, June 1, 2017

Thursday, June 1, 2017

President Trump is to announce today whether he’ll withdraw the United States from the Paris climate agreement. What would it mean for the biggest carbon polluter in history to abandon the most ambitious effort to fight climate change? Guests: Justin Gillis, who covers the science and policy implications of climate change; Max Fisher and Amanda Taub, who write the Interpreter column. For more information on today’s episode, visit http://nyti.ms/2qIOb7K. 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.

1 Juni 201721min

Wednesday, May 31, 2017

Wednesday, May 31, 2017

How noncompete clauses — once limited to senior executives — are gaining power over American workers. Plus: The president returns to Washington with family business to attend to. Guests: Conor Dougherty, who covers economics for The Times; Peter Baker, chief White House correspondent. For more information on today’s episode, visit http://nyti.ms/2sp8Wlf. 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.

31 Maj 201716min

Tuesday, May 30, 2017

Tuesday, May 30, 2017

A profile of five of the people responsible for figuring out Russia’s role in the 2016 election: the new special counsel, and four Senate Republicans who say they will follow evidence wherever it leads. Guests: Matt Apuzzo, who reports on law enforcement and security matters; Carl Hulse, who covers Congress. For more information on today’s episode, visit http://nyti.ms/2qzVjPC. 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.

30 Maj 201723min

Friday, May 26, 2017

Friday, May 26, 2017

How John Shields planned his perfect death, and what Canada has learned by allowing 1,300 terminally ill people to do the same. Guest: Catherine Porter, who has been following one man seeking control of his death. For more information on today’s episode, visit http://nyti.ms/2rzIGIg. 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.

26 Maj 201722min

Thursday, May 25, 2017

Thursday, May 25, 2017

How the unsolved murder of Seth Rich has become a case study of how and why fake news endures. And a look at the two members of the Trump campaign who Russia identified as its best chance of influencing Donald Trump. Guests: Michael Grynbaum, a media correspondent for The New York Times; Matthew Rosenberg, who covers intelligence and national security. For more information on today’s episode, visit http://nyti.ms/2riBDTE. 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.

25 Maj 201720min

Wednesday, May 24, 2017

Wednesday, May 24, 2017

The Islamic State has now claimed credit for the attack in Manchester, England. What happens in the hours between an act of terror and the claiming of responsibility? Plus: highlights from the latest testimony of a U.S. official about ties between Russia and the Trump campaign. Guests: Rukmini Callimachi, who covers the Islamic State; Matt Apuzzo, who covers the C.I.A. For more information on today’s episode, visit http://nyti.ms/2rD5ve0. 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.

24 Maj 201721min

Tuesday, May 23, 2017

Tuesday, May 23, 2017

President Trump arrived in Israel with a message from the Muslim world: If Israel wants peace with its Arab neighbors, it’ll have to compromise with the Palestinians. And Michael Flynn has been out of the White House for three months. But his saga continues. Guests: Peter Baker, who is traveling with the president; Matthew Rosenberg, who has been reporting on Mr. Flynn. For more information on today’s episode, visit http://nyti.ms/2qOCsTu. 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.

23 Maj 201722min

Monday, May 22, 2017

Monday, May 22, 2017

We turn our focus away from Washington intrigue and go to Saudi Arabia, where President Trump was welcomed this weekend, and to China, whose government intentionally crippled American spying operations by killing C.I.A. informants, a Times investigation shows. Guests: Peter Baker, who is in Saudi Arabia with the president; Mark Mazzetti, who has been investigating the mysterious deaths in China. For more information on today’s episode, visit http://nyti.ms/2qfbgtv. 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 Maj 201723min

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