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🗓️ 16 April 2025
⏱️ 11 minutes
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0:00.0 | NPR. |
0:11.6 | It's been a roller coaster of a month on the stock market. |
0:15.5 | At the start of April, President Trump made his big announcement that he had slapped huge new tariffs on most of the world. |
0:22.6 | That sent markets into free fall. |
0:25.5 | It was the steepest drop in share prices since the early days of the pandemic. |
0:29.9 | And then a week later, Trump announced that he would pause a lot of those tariffs for 90 days. |
0:35.7 | I thought that people were jumping a little bit out of line. |
0:39.9 | They were getting yippy, you know? |
0:42.1 | They were getting a little bit yippy, a little bit afraid. |
0:45.0 | And thus, the pause. |
0:47.6 | After this announcement, the stock market had a great day, a whatever the opposite of yippie is. |
0:53.6 | One of the highest percentage rises in one day, in fact. |
0:57.4 | From yippie to yippee! Now, that morning, Trump had posted on his social media company Truth Social. |
1:04.1 | He'd said that now was a great time to buy. And if you'd followed that advice, you could have made a lot of money. |
1:11.5 | And this got many Democratic politicians asking authorities to investigate possible insider trading. |
1:17.5 | Senator Elizabeth Warren spoke to CNN about this on Sunday. |
1:20.2 | And it's entirely appropriate to have an investigation to make sure that Donald Trump, Donald Trump's family, Donald Trump's inner circle didn't get |
1:30.1 | advanced information and trade on that information. |
1:34.4 | And you know, it's not just politicians wondering about this. |
1:37.5 | Last week, Google searches for the term insider trading spiked. |
1:42.8 | This is The Indicator for Planet Money. I'm Adrienne Ma. And I'm Darien Woods. Today is the indicator for Planet Money. |
1:44.6 | I'm Adrienne Ma. |
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