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.

Avsnitt(2615)

Wednesday, Feb. 8, 2017

Wednesday, Feb. 8, 2017

The travel ban litigation, live-streamed. And why the 60-year-old words of the novelist James Baldwin captured in the film “I Am Not Your Negro” are so resonant right now. 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.

8 Feb 201720min

Tuesday, Feb. 7, 2017

Tuesday, Feb. 7, 2017

Why the nomination of Betsy DeVos for secretary of education is President Trump’s most controversial appointment in an already controversial cabinet. Plus: the meaning of four hardback chairs in the Oval Office. 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.

7 Feb 201719min

Monday, Feb. 6, 2017

Monday, Feb. 6, 2017

What single figure connects the 2008 financial crisis, the creation of the 2010 Dodd-Frank Act, the Tea Party movement, Donald J. Trump’s election and, now, the potential dismantling of the biggest safeguard against America’s economic ruin? His name is Gary D. Cohn. Also, a Times investigation goes inside the world of the Islamic State and finds that terrorists no longer have to cross borders to carry out their attacks. 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 Feb 201719min

Friday, Feb. 3, 2017

Friday, Feb. 3, 2017

The biggest story in sports meets the biggest story in politics. And a bloody mission in Yemen reminds us that a new administration doesn’t always mean a new start. 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 Feb 201716min

Thursday, Feb. 2, 2017

Thursday, Feb. 2, 2017

Who is influencing our new president’s views of Islam and radical Islamic terrorism? Are we seeing the beginning of a Tea Party for the Left? And why are its leaders looking to Republicans for inspiration? More on that — plus Beyoncé — on today’s show. 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.

2 Feb 201722min

Wednesday, Feb. 1, 2017

Wednesday, Feb. 1, 2017

In a ceremony made for prime-time television, President Trump announced his Supreme Court nominee: Neil M. Gorsuch, a conservative judge with a sterling résumé. We spent the night at The New York Times talking with some of our most insightful colleagues about what the nomination means. We also get on the phone with the chief executive of Hobby Lobby, a company at the center of one of Judge Gorsuch’s most important cases. 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 Feb 201719min

Coming Soon: “The Daily”

Coming Soon: “The Daily”

This is how the news should sound. Fifteen minutes a day. Five days a week. Hosted by Michael Barbaro. Powered by New York Times journalism. Starting Feb. 1. 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 Jan 20173min

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