NBC Nightly News with Tom Llamas Nightly News Full Broadcast (April 4th)
8 snips
Apr 5, 2025 Erin McLaughlin, an NBC News correspondent focused on the consumer impacts of tariffs, joins to discuss the staggering $5 trillion loss in financial markets, linked to escalating trade tensions. She highlights how markets are bracing for the impact of tariffs as consumers rush to stock up before prices rise. The conversation also touches on the severe weather wreaking havoc in the Midwest and South, showcasing personal stories from those affected. Additionally, legal controversies and personnel changes in national security add to the chaotic landscape.
AI Snips
Chapters
Transcript
Episode notes
Market Meltdown
- The stock market experienced its worst week since the start of the 2020 pandemic, largely due to President Trump's trade war.
- New tariffs imposed on numerous countries led to retaliation from China, causing significant market losses.
Impact on Businesses
- Glenn Newcomer, a soybean farmer, likens the declining value of his soybeans to the falling stock market.
- Steve Lang, a dress seller, anticipates raising prices due to import tariffs, impacting customers.
Consumer Behavior
- Consumers are stocking up on goods like cars, coffee, and appliances in anticipation of rising prices due to tariffs.
- Sharon Epperson advises against panicking but encourages thoughtful spending decisions.