Shumita Basu

Those are some of the lowest numbers for any president at the 100-day mark in more than 70 years. Sticking with Trump's 100 days in office, we're going to spend a few minutes now diving deeper into the state of the economy. As we just heard from so many voters, it's the top issue on their minds.

Those are some of the lowest numbers for any president at the 100-day mark in more than 70 years. Sticking with Trump's 100 days in office, we're going to spend a few minutes now diving deeper into the state of the economy. As we just heard from so many voters, it's the top issue on their minds.

Those are some of the lowest numbers for any president at the 100-day mark in more than 70 years. Sticking with Trump's 100 days in office, we're going to spend a few minutes now diving deeper into the state of the economy. As we just heard from so many voters, it's the top issue on their minds.

But new analysis suggests this has been the worst opening 100 days for the stock market of any president since Richard Nixon. Both the Federal Reserve and the International Monetary Fund are now predicting slower U.S. growth as a result of Trump's tariffs. And several economists have said a recession in 2025 is likely.

But new analysis suggests this has been the worst opening 100 days for the stock market of any president since Richard Nixon. Both the Federal Reserve and the International Monetary Fund are now predicting slower U.S. growth as a result of Trump's tariffs. And several economists have said a recession in 2025 is likely.

But new analysis suggests this has been the worst opening 100 days for the stock market of any president since Richard Nixon. Both the Federal Reserve and the International Monetary Fund are now predicting slower U.S. growth as a result of Trump's tariffs. And several economists have said a recession in 2025 is likely.

That's Nick Timuros, chief economics correspondent at The Wall Street Journal.

That's Nick Timuros, chief economics correspondent at The Wall Street Journal.

That's Nick Timuros, chief economics correspondent at The Wall Street Journal.

Trump's Treasury Secretary Scott Besant has argued the turmoil is a feature of their strategy, not a bug. But for businesses, the uncertainty doesn't feel strategic, with many saying it makes it impossible to plan how to hire, how to restructure supply chains, and how to price goods and services. Timros also reminds us that all of this was pretty avoidable.

Trump's Treasury Secretary Scott Besant has argued the turmoil is a feature of their strategy, not a bug. But for businesses, the uncertainty doesn't feel strategic, with many saying it makes it impossible to plan how to hire, how to restructure supply chains, and how to price goods and services. Timros also reminds us that all of this was pretty avoidable.

Trump's Treasury Secretary Scott Besant has argued the turmoil is a feature of their strategy, not a bug. But for businesses, the uncertainty doesn't feel strategic, with many saying it makes it impossible to plan how to hire, how to restructure supply chains, and how to price goods and services. Timros also reminds us that all of this was pretty avoidable.

And though Donald Trump said multiple times on the campaign trail that he would enact sweeping tariffs, a lot of consumers say this isn't the outcome they were hoping for. Instead, they're yearning for the type of results they saw Trump get in his first term.

And though Donald Trump said multiple times on the campaign trail that he would enact sweeping tariffs, a lot of consumers say this isn't the outcome they were hoping for. Instead, they're yearning for the type of results they saw Trump get in his first term.

And though Donald Trump said multiple times on the campaign trail that he would enact sweeping tariffs, a lot of consumers say this isn't the outcome they were hoping for. Instead, they're yearning for the type of results they saw Trump get in his first term.

The White House has defended its economic policies, saying any pain being from tariffs will only be short-lived and will lead to longer-term gains. They've also promised trade deals, peace deals, and tax cuts in the next 100 days, with White House Press Secretary Caroline Leavitt saying, quote, "...more American greatness is on the way."

The White House has defended its economic policies, saying any pain being from tariffs will only be short-lived and will lead to longer-term gains. They've also promised trade deals, peace deals, and tax cuts in the next 100 days, with White House Press Secretary Caroline Leavitt saying, quote, "...more American greatness is on the way."

The White House has defended its economic policies, saying any pain being from tariffs will only be short-lived and will lead to longer-term gains. They've also promised trade deals, peace deals, and tax cuts in the next 100 days, with White House Press Secretary Caroline Leavitt saying, quote, "...more American greatness is on the way."

Let's turn now to the Supreme Court, which will hear a case tomorrow that could have huge implications for not just education, but for the separation of church and state.

Let's turn now to the Supreme Court, which will hear a case tomorrow that could have huge implications for not just education, but for the separation of church and state.