NBC Nightly News with Lester Holt cover image

NBC Nightly News with Lester Holt

Nightly News Full Broadcast (April 3rd)

Apr 4, 2025
Markets take a nosedive, losing $2 trillion due to new tariffs, leaving consumers feeling the pinch. Severe storms wreak havoc across the South and Midwest, impacting communities. A touching story emerges from Texas, where a student's tragedy brings focus to the need for compassion. Innovative medical care is changing how sick children receive treatment at home. Meanwhile, a loggerhead turtle's brave rescue highlights the power of dedicated care for wildlife.
21:03

Podcast summary created with Snipd AI

Quick takeaways

  • President Trump's tariffs have caused a significant market downturn, leading to a projected $690 annual cost increase for households.
  • The global trade response to U.S. tariffs threatens to escalate tensions and disrupt international markets and trade relations.

Deep dives

Impact of Tariffs on the Stock Market

President Trump's announcement of sweeping tariffs on various trading partners led to a significant downturn in the stock market, with a loss of $2 trillion across U.S. financial markets, marking the worst day for markets since 2020. The Dow Jones Industrial Average dropped nearly 4%, while the S&P 500 and Nasdaq fell close to 5% and 6% respectively. Despite this turmoil, Trump insisted the economy would thrive and emphasized that the tariffs aimed to level the playing field by demanding that other countries reciprocate U.S. tariffs. Economists have warned that the tariffs could result in increased costs for consumers, potentially leading to higher inflation and even a recession.

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