Scott Simon

And they do it so well. Each week they create a news quiz. We want to give up first listeners the chance to play along.

And they do it so well. Each week they create a news quiz. We want to give up first listeners the chance to play along.

And they do it so well. Each week they create a news quiz. We want to give up first listeners the chance to play along.

Good morning.

Good morning.

Good morning.

Yeah, this was a seismic shakeup. The Dow Jones Industrial Average tumbled more than 1,600 points yesterday, or nearly 4%. The Nasdaq dropped nearly 6%. It was the biggest one-day sell-off in the stock market since early in the pandemic. President Trump has ordered a minimum 10% tax on nearly everything the U.S. buys from other countries.

Yeah, this was a seismic shakeup. The Dow Jones Industrial Average tumbled more than 1,600 points yesterday, or nearly 4%. The Nasdaq dropped nearly 6%. It was the biggest one-day sell-off in the stock market since early in the pandemic. President Trump has ordered a minimum 10% tax on nearly everything the U.S. buys from other countries.

Yeah, this was a seismic shakeup. The Dow Jones Industrial Average tumbled more than 1,600 points yesterday, or nearly 4%. The Nasdaq dropped nearly 6%. It was the biggest one-day sell-off in the stock market since early in the pandemic. President Trump has ordered a minimum 10% tax on nearly everything the U.S. buys from other countries.

He's also ordered much higher levies on things we buy from China, Japan, the European Union. Altogether, we are looking at about a nine-fold increase in tariffs now compared to what we were paying last year. And businesses are worried that it's going to cause higher prices for them. For weeks, investors have been waving the caution flag, stating they don't want a wider trade war.

He's also ordered much higher levies on things we buy from China, Japan, the European Union. Altogether, we are looking at about a nine-fold increase in tariffs now compared to what we were paying last year. And businesses are worried that it's going to cause higher prices for them. For weeks, investors have been waving the caution flag, stating they don't want a wider trade war.

He's also ordered much higher levies on things we buy from China, Japan, the European Union. Altogether, we are looking at about a nine-fold increase in tariffs now compared to what we were paying last year. And businesses are worried that it's going to cause higher prices for them. For weeks, investors have been waving the caution flag, stating they don't want a wider trade war.

But Commerce Secretary Howard Lutnick told CNN the president's not about to change course.

But Commerce Secretary Howard Lutnick told CNN the president's not about to change course.

But Commerce Secretary Howard Lutnick told CNN the president's not about to change course.

If these tariffs stick, it's going to upend the global trading system that the U.S. has spent decades building and leave this country more isolated from the rest of the world.

If these tariffs stick, it's going to upend the global trading system that the U.S. has spent decades building and leave this country more isolated from the rest of the world.

If these tariffs stick, it's going to upend the global trading system that the U.S. has spent decades building and leave this country more isolated from the rest of the world.

These tariffs are going to bring higher prices. They're also going to bring slower economic growth, and there could be some fallout in the job market. We're going to get the monthly jobs report later this morning, and that could also start to show the impact of the large-scale layoffs that Elon Musk's team has been carrying out in the federal government.

These tariffs are going to bring higher prices. They're also going to bring slower economic growth, and there could be some fallout in the job market. We're going to get the monthly jobs report later this morning, and that could also start to show the impact of the large-scale layoffs that Elon Musk's team has been carrying out in the federal government.