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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Friday, April 28, 2017

Friday, April 28, 2017

What we can learn about this administration from the taxes it hopes to cut. Plus, we look at three big moments from the week. Guests: Jesse Drucker, a business reporter at The Times; Jennifer Steinhauer, who covers Congress; Adam Liptak, who covers the Supreme Court; and Sheryl Sandberg, the chief operating officer of Facebook. For more information on today’s episode, visit nytimes.com/thedaily. 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.

28 Apr 201723min

Thursday, April 27, 2017

Thursday, April 27, 2017

One hundred days. It’s undeniably an arbitrary number. But a lot has happened in that time. We check in with past Daily guests about the Trump presidency so far. Guests: David Green, the head of Hobby Lobby, who took a fight over conservative values all the way to the Supreme Court; Dr. Mitch Jacques, a doctor in coal country whose patients hate Obamacare — but may need it most; and Mark Napier, an Arizona sheriff on the Mexican border, where illegal immigration is part of the landscape. For more information on today’s episode, visit nytimes.com/thedaily. 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.

27 Apr 201720min

Wednesday, April 26, 2017

Wednesday, April 26, 2017

A Times investigation into the chief executive of Uber, Travis Kalanick, finds that his drive to win has plunged the company into its most sustained set of crises since its founding. Guest: Mike Isaac, a technology reporter who has exposed many of the recent controversies involving Uber. For more information on today’s episode, visit http://nyti.ms/2p6PmLu. 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 Apr 201721min

Tuesday, April 25, 2017

Tuesday, April 25, 2017

Congress needs to pass a budget. President Trump wants to use that budget to finance his signature domestic policy. Is the United States government about to shut down over the border wall? Guests: Jennifer Steinhauer and Jonathan Weisman, reporters at The New York Times. For more information on today’s episode, visit http://nyti.ms/2oL35W1. 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 Apr 201719min

Monday, April 24, 2017

Monday, April 24, 2017

A special episode: James Comey and the 2016 election. It’s the behind-the-scenes story of how the F.B.I. director handled investigations into Hillary Clinton and Donald Trump and shaped the presidential race. Guest: Matt Apuzzo, one of the reporters behind the Times investigation into Mr. Comey. For more information on today’s episode, visit http://nyti.ms/2pvfyRr. 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 Apr 201729min

Friday, April 21, 2017

Friday, April 21, 2017

Marine Le Pen wants to “make France French again.” We look at the first round of the country’s presidential election on Sunday, and its many parallels to the presidential election in the United States last year — including signs of meddling by Russia. Guests: Adam Nossiter, a New York Times reporter based in Paris; Andrew Higgins, a Times reporter in Russia. For more information on today’s episode, visit nytimes.com/thedaily. 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 Apr 201718min

Thursday, April 20, 2017

Thursday, April 20, 2017

Fox News’s biggest star is out of a job two and a half weeks after a Times investigation into sexual harassment allegations. We talk to one of the two reporters who are most responsible — perhaps responsible — for Bill O’Reilly’s ouster. Guests: Emily Steel, who spent months investigating allegations against Mr. O’Reilly; and Jim Rutenberg, the media columnist for The Times. For more information on today’s episode, visit nytimes.com/thedaily. 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.

20 Apr 201721min

Wednesday, April 19, 2017

Wednesday, April 19, 2017

Why so many of President Trump’s advisers are urging him to break a major promise on climate change. And the view from inside Scott Pruitt’s Environmental Protection Agency, where staff members are rebelling against their new boss. Guests: Coral Davenport, who writes about energy and the environment for The New York Times; Mike Cox, a former E.P.A. official. For more information on today’s episode, visit nytimes.com/thedaily. 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.

19 Apr 201720min

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