Live in Times Square, this is Good Morning America.

We have a lot of news to get to this morning, including the Supreme Court,

waning on the Trump administration deportation of Venezuelan migrants to a prison in El Salvador.

But we begin this morning with the latest fallout from President Trump's tariffs. The markets are bracing for more wild volatility today. Yesterday, the Dow swung over 2,500 points. That was the biggest single-day fluctuation ever. And guys, I've been talking to Wall Street veterans who tell me they've never been hit with so many headlines all at once. It's hard to even keep track.

Well, we're going to help with that today.

Yeah, it is overwhelming.

The president is standing firm, dismissing a suggestion that there could be a tariff pause

and threatening China with even higher tariffs if they follow through with retaliation.

Let's start with Whit Johnson for the latest on Wall Street.

Good morning, Whit.

Hey, Michael, good morning. The markets are opening a little higher this morning amid some cautious optimism about potential deals on tariffs in the future. But the S&P lost more than $5 trillion in value since last Wednesday's tariff announcement. That's one of the worst three-day losses

in the history of the index, and most expect that volatility will continue in this escalating

trade war.

This morning, frenzy on Wall Street, as President Trump's trade war sends markets into chaos,

the Dow with its largest point swing ever in a single day. Eventually closing down more than 300 points Monday,

following the president's warning that some tariffs could become permanent.

No other president's going to do this, what I'm doing.

And I'll tell you what, it's an honor to do it because we have been just destroyed

what they've done to our system.

The Dow plunging more than a thousand points early in the day, but then a brief upswing sparked

in part by a false post on social media that the president might pause the sweeping tariffs.

The White House quickly saying that was not true.

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