Trade war escalation, Southwest drops perk, addressing subway delays & more

CNN 5 Things

CNN

Daily News, News

4.3 • 1.2K Ratings

🗓️ 11 March 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Donald Trump threatens new tariffs on Canada, while fears of a possible recession rise. Top diplomats from the US and Ukraine seem optimistic about talks so far. House Republicans are hoping to vote on a stopgap bill to keep the government funded. Southwest Airlines is getting rid of its most recognizable perk. Plus, smartphones on trains could help ease delays in New York City. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:31.3	Hey there from CNN. I'm Krista Bow with the five things you need to know for Tuesday, March 11th.
0:37.7	Just 20 days ago, the U.S. stock market was sitting at all-time highs, with a recession seemingly
0:43.8	nowhere in sight. But uncertainty about President Donald Trump's agenda, especially his
0:48.9	tariff plans, federal spending cuts, and mass layoffs is a big reason why economists say the risk of a recession
0:56.1	has gone up. Goldman Sachs did revise their forecast, saying there's now a 20% chance of a recession
1:02.4	in the next year, up from 15%. Analysts say the reality is it's way too early to say the economy
1:09.3	is destined for a recession.
1:11.8	Trump's adding fuel to the fire by threatening new retaliatory tariffs on Canada,
1:16.7	saying essentially, if Ontario is going to charge a 25% electricity export surcharge
1:21.8	to New York, Minnesota, and Michigan, we'll do the same.
1:25.0	That could cause energy bills to go up for Americans. He also
1:28.8	said on Truth Social he would levy even larger tariffs on Canadian steel and aluminum than he
1:34.1	had initially planned for tomorrow, which he said would essentially shut down Canada's auto industry.
1:40.8	Top diplomats from the U.S. and Ukraine are meeting in Saudi Arabia to try to find a path forward to end Russia's war on Ukraine, with both sides optimistic so far.
1:50.0	Ahead of the talks, Secretary of State Marker Rubio said his team wants to determine the terms Ukraine's willing to take to attain peace.
1:58.0	It may be incompatible with what the Russians are willing to do. That's what we need to find out.
2:01.6	San Anz Alex Marquard has more on the topics for discussion.
2:04.6	What we know they will be discussing in that room between the two-led delegations is that military
2:09.6	and intelligence assistance that the U.S. has put on hold.
	...

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