Scott Horsley

One of the day's big losers on Wall Street was Elon Musk's electric car company, Tesla. Musk has been leading the administration's aggressive cost-cutting efforts, which have already cost tens of thousands of federal employees their jobs. Scott Horsley, NPR News, Washington.

One of the day's big losers on Wall Street was Elon Musk's electric car company, Tesla. Musk has been leading the administration's aggressive cost-cutting efforts, which have already cost tens of thousands of federal employees their jobs. Scott Horsley, NPR News, Washington.

He has unilateral constitutional power to commute the Menendez's sentences if he chooses and release them today.

He has unilateral constitutional power to commute the Menendez's sentences if he chooses and release them today.

There was a sort of feedback loop this week between the White House and Wall Street. Stocks tumbled when President Trump imposed tariffs on imports from Mexico and Canada, then rallied when there were signs those tariffs might be relaxed.

There was a sort of feedback loop this week between the White House and Wall Street. Stocks tumbled when President Trump imposed tariffs on imports from Mexico and Canada, then rallied when there were signs those tariffs might be relaxed.

A day later, the White House suspended most of the tariffs for at least a month, but by that time, investors had grown weary of the fickle policymaking, so no more rally. And the president insists there are more import taxes to come.

A day later, the White House suspended most of the tariffs for at least a month, but by that time, investors had grown weary of the fickle policymaking, so no more rally. And the president insists there are more import taxes to come.

On Friday, the Labor Department reported a modest uptick in job growth last month, but the report shows only a fraction of the federal workers whose jobs have been cut by Elon Musk and the Doge team. For the week, the Dow fell 2.3%, the S&P 500 index dropped more than 3%, and the Nasdaq tumbled nearly 3.5%. Scott Horsley, NPR News, Washington.

On Friday, the Labor Department reported a modest uptick in job growth last month, but the report shows only a fraction of the federal workers whose jobs have been cut by Elon Musk and the Doge team. For the week, the Dow fell 2.3%, the S&P 500 index dropped more than 3%, and the Nasdaq tumbled nearly 3.5%. Scott Horsley, NPR News, Washington.

U.S. employers added 151,000 jobs in February, slightly more than the month before. Job gains were tallied in health care, construction, and manufacturing. Bars and restaurants cut workers during the month, and so did the federal government. The unemployment rate inched up in February to 4.1 percent, even as the overall workforce shrank.

U.S. employers added 151,000 jobs in February, slightly more than the month before. Job gains were tallied in health care, construction, and manufacturing. Bars and restaurants cut workers during the month, and so did the federal government. The unemployment rate inched up in February to 4.1 percent, even as the overall workforce shrank.

Average wages last month were up 4 percent from a year ago, which is likely more than enough to outpace inflation. Wages have been climbing faster than prices for nearly two years now. That boosts workers' real buying power and helps to support consumer spending, which is the biggest driver of the U.S. economy. Scott Horsley, NPR News, Washington.

Average wages last month were up 4 percent from a year ago, which is likely more than enough to outpace inflation. Wages have been climbing faster than prices for nearly two years now. That boosts workers' real buying power and helps to support consumer spending, which is the biggest driver of the U.S. economy. Scott Horsley, NPR News, Washington.

Hi, great to be with y'all.

Hi, great to be with y'all.

Hi, great to be with y'all.

Well, you know, I think that caveat that we always put at the top of the podcast, things may have changed by the time you hear this, is particularly apt in this circumstance because it's been a wild week. On Monday, we had no tariffs on imports from Canada and Mexico. On Tuesday, we had suddenly a 25% tax on nearly all imports from Mexico and Canada.

Well, you know, I think that caveat that we always put at the top of the podcast, things may have changed by the time you hear this, is particularly apt in this circumstance because it's been a wild week. On Monday, we had no tariffs on imports from Canada and Mexico. On Tuesday, we had suddenly a 25% tax on nearly all imports from Mexico and Canada.

Well, you know, I think that caveat that we always put at the top of the podcast, things may have changed by the time you hear this, is particularly apt in this circumstance because it's been a wild week. On Monday, we had no tariffs on imports from Canada and Mexico. On Tuesday, we had suddenly a 25% tax on nearly all imports from Mexico and Canada.