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, April 6, 2017

Thursday, April 6, 2017

President Trump sits down for an exclusive interview with The New York Times. How a conversation about infrastructure veered off into allegations of spying, new thinking on the chemical attacks in Syria and a response to the sexual harassment claims against Bill O’Reilly. Plus: Trump and China. Guests: Maggie Haberman and Glenn Thrush, who interviewed the president; Peter Goodman, a reporter based in London. For more information on today’s episode, visit http://nyti.ms/2oQILG8. 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.

6 Apr 201721min

Wednesday, April 5, 2017

Wednesday, April 5, 2017

President Trump treats the Syrian president as a potential ally. Will Tuesday’s deadly chemical weapons attack change that? Plus: the story of one village election that has become as much about Mr. Trump as about the candidates on the ballot. Guests: Anne Barnard, the Beirut bureau chief; Julie Bosman, who covers the midwest for the Times. For more information on today’s episode, visit http://nyti.ms/2nf8BmP. 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.

5 Apr 201720min

Tuesday, April 4, 2017

Tuesday, April 4, 2017

In 2013, Republicans in the Senate warned Democrats that they would soon regret a decision so extreme that it’s called “going nuclear.” That prediction may prove true this week, as Republicans prepare to go one step further to ensure the confirmation of Judge Neil M. Gorsuch to the Supreme Court. Guests: Jonathan Weisman and Jennifer Steinhauer, reporters at The New York Times. For more information on today’s episode, visit http://nyti.ms/2naaW2G. 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.

4 Apr 201717min

Monday, April 3, 2017

Monday, April 3, 2017

Inside the New York Times investigation into accusations of harassment and other inappropriate behavior by Bill O’Reilly, and the lengths to which Fox News went to to keep the allegations quiet. Guest: Emily Steel, who has spent the last few months investigating this story. For more information on today’s episode, visit http://nyti.ms/2oHxCV8. 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.

3 Apr 201718min

Friday, March 31, 2017

Friday, March 31, 2017

The latest twist in a bizarre Washington drama that began 10 days ago, and what a technological development tells us about progress and repression in India. Guests: Matt Rosenberg, who is tracking the developments with Representative Devin Nunes; Ellen Barry, the South Asia bureau chief for The New York Times. For more information on today’s episode, visit http://nyti.ms/2n3yoyv. 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 Mars 201721min

Thursday, March 30, 2017

Thursday, March 30, 2017

The climate change battle through one coal miner's eyes. And why Scott Pruitt, President Trump's E.P.A. chief, confounds both sides. Guests: Coral Davenport, who covers energy and the environment for The New York Times; Mark Gray, who spent 38 years working in the coal mines of Kentucky. For more information on today’s episode, visit http://nyti.ms/2nPhB1g. 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 Mars 201722min

Wednesday, March 29, 2017

Wednesday, March 29, 2017

The message was hardly subtle: coal miners at the Environmental Protection Agency. How President Trump is promising to do away with Obama’s legacy on climate change. Plus: the latest “Brexit” news. Guests: Coral Davenport, who covers energy and the environment for The Times; Peter Goodman, a Times reporter in London. For more information on today’s episode, visit http://nyti.ms/2odWwys. 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.

29 Mars 201720min

Tuesday, March 28, 2017

Tuesday, March 28, 2017

President Trump wanted a faster battle plan. Iraqi leaders wanted quicker airstrikes. Is that why about 200 civilians are now dead in Mosul? Guests: Tim Arango and Rukmini Callimachi, New York Times reporters who have reported from Iraq. For more information on today’s episode, visit http://nyti.ms/2obiy4v. 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 Mars 201714min

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