<p>U.S. President Trump’s latest and most severe tariffs have caused a bloodbath on the global markets and widespread economic anxiety.</p><p><br></p><p>JP Morgan’s chief economist raised the odds of a global recession by the end of the year to 60 per cent, up from 40 per cent.</p><p><br></p><p>People are looking at their jobs being eliminated in places like auto plants, and elsewhere in the manufacturing sector.</p><p><br></p><p>Journalist Joe Weisenthal is the co-host of Bloomberg’s Odd Lots podcast. He’s here to explain the global market meltdown, and what we can expect in the coming days.</p><p><br></p><p>For transcripts of Front Burner, please visit: <a href="https://www.cbc.ca/radio/frontburner/transcripts" rel="noopener noreferrer" target="_blank">https://www.cbc.ca/radio/frontburner/transcripts</a></p>