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Erin Burnett OutFront

U.S. Stocks Suffer $6.6 Trillion Wipeout

Erin Burnett OutFront

CNN

News

4.4706 Ratings

🗓️ 5 April 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Tariffs are set to take effect hours from now as markets lose $6.6 trillion dollars. Plus, the FDA’s top vaccine scientist was told by RFK Jr. to resign or get fired. Also, CNN’s KFile team uncovers Vice President Vance’s shifting views on tariffs.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:27.8

slash setup.

0:32.4

On front next, breaking news. Tariffs taking effect hours from now as markets lose $6.6 trillion.

0:40.0

And where was Trump at a Saudi-run golf tournament today?

0:44.5

Playing golf, plus an outfront exclusive, the FDA's top vaccine scientist, told by

0:49.0

RFK Jr. to resign or get fired. He chose to leave on his own and tonight breaking his silence.

0:56.0

And Trump's cheerleader, J.D. Vans, now celebrating the trade war. But as our K-file

1:00.9

uncovers tonight, he had a very different view about tariffs not long ago. Let's go out front.

1:09.1

Good evening. I'm Aaron Burnett. Out front tonight, the breaking news. It's about to start, for real. The tariffs, they're actually about to start hours away from taking effect. But the chaos and sell-off on Wall Street today was brutal. Dow down more than 2,000 points. The market-wide tolls $6.6 trillion over the past two days.

1:29.1

It is a stunning number. And to give you some context, that amount, that's greater than the GDP

1:33.6

of France and the United Kingdom combined. The NASDAQ closing in bare market territory,

1:38.6

a bare market. We were talking record highs recently. Look at this. Look at how hard it would

1:43.8

have been to find anywhere that

1:45.0

didn't go down, loss after loss after loss. I mean, this is a crisis, as one of our guests will say

1:50.9

here. This was a mini crash. So where was Trump? Well, he was on a golf course from 9.45 a.m.,

1:57.2

which is just a few minutes after the stock market opened until 3.38 p.m., 22 minutes before the stock

2:04.3

markets closed. You can see what was happening in the markets. This is the same man who trashed others

2:10.1

like Obama for focusing on golf during crises. When your president, you sort of say, like,

...

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