4.4 • 5.1K Ratings
🗓️ 8 April 2025
⏱️ 24 minutes
🧾️ Download transcript
After President Donald Trump announced far-reaching tariffs last week, the stock markets immediately reacted, taking the biggest plunge since 2020. Host Colby Itkowitz speaks with personal finance columnist Michelle Singletary about how to weather the economic storm, from whether to pause on big purchases like cars to how to handle your retirement savings.
Today’s show was produced by Emma Talkoff, with help from Ariel Plotnick. It was edited by Reena Flores and mixed by Sean Carter. Thanks also to Rivan Stinson.
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0:00.0 | When President Donald Trump announced far-reaching tariffs last week, the markets immediately |
0:07.4 | took notice. |
0:08.4 | Another brutal day on Wall Street. |
0:10.3 | The market's tanking right now ahead of the closing bell just seconds away from the |
0:15.2 | selloff we're watching here. |
0:16.4 | The worst in years to- |
0:17.4 | Yesterday the Dow swung over 2,500 points. |
0:20.7 | That was the biggest single-day fluctuation ever. |
0:23.3 | Last Wednesday, that's one of the worst three-day losses in the history of the index. |
0:28.2 | And this morning, U.S. stock futures are up, but there are growing fears this volatility |
0:32.6 | will continue in this escalating trade war. |
0:38.3 | If all of that volatility has left you worried about your investments, about inflation, about job security, you're not alone. |
0:45.3 | I'm very scared, very anxious and worried, not just for myself, but for a lot of people who, probably a lot like me, first generation in the stock market, |
0:55.9 | and seeing your portfolio drop like this is heartbreaking. |
1:00.4 | That is Michelle Singletary, the Washington Post's personal finance columnist. |
1:04.9 | She feels this pain acutely, and she's here to try to help. |
1:09.9 | I would not tell you that you shouldn't panic. |
1:14.3 | And I know that's what you've been hearing. |
1:16.2 | And I think that it's not good advice because this is your money. |
1:21.6 | This is decades of savings. |
1:24.4 | And you should feel what you need to feel. |
1:27.2 | You should scream if you need to scream. Punch a pillow |
... |
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