Tariffs Crush Global Markets… And Volatility Swings Ahead Of Tomorrow’s Jobs Report 4/3/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 3 April 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks are tumbling as tariffs take their toll, but will this cause the markets to reset? We’ll break down the impact on retail, international reaction, and what investors can expect in the coming weeks. Plus what to expect out of tomorrow’s jobs report, as volatility spikes as Trump’s tariff plans ripple across the market. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nazak market site in the heart of New York City's Times Square, this is fast money.
0:07.0	Here's what's on tap tonight.
0:08.3	Tariff tantrum, a major sell-off the day after President Trump shocked the world with his trade announcement that was more extreme than feared.
0:15.3	The S&P dropping nearly 5%.
0:17.1	The NASDAQ losing almost 6%.
0:18.8	The Dow dropping close to 1,700 points.
0:21.7	We'll go inside the numbers and look ahead to tomorrow's incredibly important jobs report
0:25.5	straight ahead.
0:26.4	Plus, a retail wreck from the stomach-churning drop in RH, the massive slide in Target.
0:31.5	How much further could these names drop and when could they be looking like a buy?
0:35.1	We'll debate that.
0:36.2	And later, what's the Fed's next move?
0:37.9	We'll ask former Dallas Fed President Richard Fisher,
0:40.4	should investors get ready for a big surge in volatility?
0:43.4	And will Tim's mega make a traditional great again trade,
0:47.7	keep climbing higher?
0:49.1	I'm Melissa Leak.
0:50.1	I'm Melissa Leak.
0:50.9	I'm a deal-law from studio, Bia at the NASDAQ on the desk tonight. Tim Seymour, Bono and Isson, C. Brasso, and Julie Beal. We start off with a slew of jaw-dropping stats in today's market
0:59.2	sell-off. The NASAC's seeking 6 percent, its worst day since the start of the pandemic,
1:04.0	after President Trump announced his sweeping tariff plans. The index now trading at its lowest since early August. The SNP down nearly 5 percent.
1:11.7	Its worst loss since June 2020.
	...

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