joining us now nbc news business and data correspondent brian chung.his? >> yeah. well, i mean, look, in totality, if you have a market day that's around 2%. that's pretty notable. but i think within the context of what we've seen over the last week, it has been a brutal week for the stock market. when you look at the last five day period, the dow jones is down 2.7%. if you zoom out even farther than that to inauguration since jan 20. the dow has been down about 4%. so if you had money invested in the stock market, now is not a good time to look, especially if you have a 401 k. don't look. you're supposed to be holding on to that for the long term anyway. but all these jitters coming as a result of just this uncertainty coming out of dc over the tariff policy, i think the government shutdown, potentially at the end of this week is potentially weighing on this as well. but i think there are a lot of investors that are also just looking at the stock market and saying, you know what, the stock market was already riding really high post election last year.

. >> joining me now, cnbc's mike santoli and nbc's brian chung. moody's chief economist, says the tariffs will cost a typical american household at least $1,250 a year. we just heard from two iowa farmers. i lived for a long time in upstate new york, which is more agricultural than a lot of people know is a tough business to be a family farmer. when will everyday americans start to feel the impact? because listening to the head of target, it was a little scary. >> yeah. well, i mean, look, we've already heard anecdotes of some price setters already raising prices just in anticipation of the tariffs. i remember speaking to an auto body shop owner that said, you know, he'd already seen the price of just those oil filters going up, which could make just a routine oil change get more expensive. but you bring up agriculture when you talk about fruits and vegetables. we bring a lot of those in from mexico. so yeah, 25% more. that means that those importers in the united states are likely going to pass those costs on to customers from canada. people might

but we begin with nbc's business and data correspondent, brian chung. brian. >> hey there. chris. these tariffs. >> are going to be targeting our. >> neighbors to the. >> north and. south with a very substantial tariff of 25% that took effect at midnight. and in addition to a additional. >> 10% tariff on. >> china, this is going to cover many different types. >> of goods, for example. >> fruits and vegetables. >> that come in. >> from mexico. we also get a lot of produce from canada. >> as well. >> in. >> the. >> form of potatoes and also grain. but you have to remember that steel and aluminum are part of this as well. this is a really, really big deal when it comes to the. economic relationship between the united states and our neighbors to the north and south, specifically when it comes to the automotive industry. we import so many parts from mexico and then assemble so many cars in canada, which means that in some cases, you have the same vehicle that might be sold in the united states that gets tariff multiple times. that's the reason why you have some groups, like the anderso

. >> correspondent brian chung. here in new york. >> okay. >> brian, start us off. what's happening on wall street? >> yeah. what's happening. >> on wall. >> street is that we basically hit. >> the water mark where. >> we've erased all the gains that we had year to date on the dow jones. >> industrial average. >> so we have been up something like. >> 5% a few weeks. >> ago in. terms of. >> just. >> where we. were compared to. >> january 1st. we have. >> now, as. >> a result of these tariff headlines. >> just in the. >> last few weeks, erased all of those gains. you can see the dow. currently down. >> by about 350 points. >> it's only 0.8%. >> but again, what we're looking at here is. >> the. >> totality of the stock market slide. >> that we've been seeing. >> over the. >> past few weeks, where again. >> it's mostly. >> been driven by these tariff related headlines as people are worried about. >> the impact of. >> prices as a result of these tariffs that are being levied. >> on importers. >> in the united states. i have. >> to bring in things. >> from our neighbors.

nbc's brian chung is with me here on set. so, brian, explain what's behind these concerns of a possible recession. what even constitutes a recession? >> yeah. and by the way, we should just point. >> out that the economic. >> indicators that we see right now do not point to the united states being in a recession right now. we just got a jobs report on friday that show the unemployment rate at 4.1% in the first report. that covers anything that trump would have done, given the timing of that survey. that is basically around in line with the final months of the biden administration as well. but as you mentioned, you see what's happening on wall street. we've erased all the gains that we've had year to date in 2025. we are now negative for the year on the dow jones. and i think that that underscores the wall street concerns that we could be increasing the odds of a recession. we've heard some wall street banks say that as well. goldman sachs raising the odds of recession in the coming year to 20%. yardeni research raising the odd

. >> hillyard, and here in new york with us, our business and data reporter brian chung, and amy parnes, senior political correspondent for the hill. so, okay, brian, the stock market has been very volatile. you have doge slashing government jobs left and right. are we seeing. >> all that. >> upheaval reflected in this jobs report? >> yeah. >> the answer is kind of maybe yes, maybe not. let me just explain. first off, by starting off with that 151,000 number, again, that's how many jobs were added in the month of february. this is the first jobs report that reflects anything under the trump administration, because that january jobs report, that survey period was before inauguration. so this is kind of the first reflection that we see. 151,000 was a bit short of the 170,000 or so that wall street economists had expected, and some people might point to the federal workforce figure. but i want to point out not necessarily the case. this report showed us that there was a contraction of about 10,000 jobs in the federal workforce. but i want to point out the overall federal workforce is 3 mil

. >> business and data correspondent correspondent brian chung, and professor of economics and public policy at the university of michigan. >> justin wolfers. >> brian. >> walk us through the numbers here. the us we know has these new tariffs and then we're already seeing retaliation. what is it all looking like. >> yeah. so let's start off with what happened at midnight. that's when the 25% tariff on both mexico and canada took impact, as well as the additional 10% on china. after that first round of 10% tariffs that was implemented at the beginning of february, we've already seen some counter action from other countries. canada announcing that they would be doing 25% tariffs on $20 billion, roughly of us goods, with plans for another $80 billion to be covered by tariffs in a few weeks. and then china responding by saying they will reduce imports of logs and also soybeans from the united states. soybeans, by the way, a major u.s. export to china. so that's a big deal for u.s. agricultural producers. but you have to recall that china had already put into into effect. some retaliatory

. >> joining us now is erin gilchrist, live from the white house and nbc's brian chung, also with us and former. >> republican governor. >> john kasich from ohio. he is an msnbc political analyst. >> so, brian, what are the impact of these tariffs. >> on the u.s? >> yeah, and i think it's really. helpful that you already outlined kind of what china has done as retaliatory action in response to the united states putting that 10% tariff in february and then an additional 10% on them last week. what we're talking about here are a lot of agricultural products, as you outlined, 15% tariffs on chicken, wheat, corn, 10% on soybeans, pork, beef and fruit. these are the types of things that in the heartland of america, agricultural producers are making. and this is a very different conversation than we were having last week when we were talking about those perspective, 25% tariffs, which in part were exempted for at least a month, where you're talking about types of companies that import things from mexico and canada that would have faced the 25% tariff. what we are talking about today with th

i want to bring in ashley parker, staff writer at the atlantic, with me in studio nbc's brian chung and elise jordan, former white house and state department aide under white, under president george w bush. both ashley and elise are msnbc political analyst. all right, brian, i know you've been working the phones. tell us a little more about what the president just announced. >> yeah, it's been pretty dizzying the developments over the course of this week. so the tariffs just kind of rehash here began at midnight on tuesday. and that was 25% on all imports coming in from mexico and canada. and then now we have the exemption yesterday on the automakers themselves. and now at least with regards to mexico, that exemption now applies to any good that is a compliant with the usmca, which is the trade deal that the united states has with mexico and canada, which, by the way, was negotiated by president donald trump in his first term in 2020. so it does seem like that would cover a large amount of goods here. so agricultural producers that maybe export fruits and vegetables from mexico to the u

nbc's brian chung is live at the new york stock exchange, served as policy advisor for president biden's national economic council, and is currently chief of policy and advocacy at groundwork collective. tara setmayer is a former gop communications director, as well as co-founder and ceo of the seneca project. thanks to all of you for being here. brian, what can you tell us about these new tariffs against canada? because once again, the markets are not taking this well. >> yeah. wele tariffs. >> were already going to take place tomorrow. but the news this morning was that they were going to ratchet up the rate of those tariffs. originally the plan was for 25% on steel and aluminum. and now that has gone up to 50% again as part of this policy by truth social with the president tweeting or sorry, truth social earlier this morning, that the only thing that makes sense is for canada to become our cherished 51st state. also reiterating that again, he was going to add an additional 25% tariff to 50% on all steel and aluminum coming into the us from canada, accusing canada of being one of the h

chris. >> brian chung, thank you. now to new mexico, where a person tested positive for measles after dying. nbc's emily ikeda is following this story for us. second death in ten days linked to the measles. what more do we know? >> well, and it's driving. >> up concern. >> around. the seriousness. >> of this situation and how rapidly cases are spreading. we know from health officials in new mexico this was an adult who was not vaccinated. they were they tested positive for measles after they died. they did not seek treatment again, according to health officials in new mexico. right now, the officials in that area are urging people to get vaccinated as the number of cases continues to spread, tripling in just the past couple of days. in one county in eastern new mexico. we just got those numbers a short time ago, and it borders the epicenter of this whole outbreak in west texas in gaines county, where numbers have also been climbing. now 198 cases, according to texas health officials across the state. that is up from 1

vaughn hillyard, brian chung, jason furman, and governor john kasich, thank you all so much. and stand by with us as we await president's remarks in 90s thousands of jobs cut at the already strapped veterans administration, the second largest agency in the federal government. how democrats say they plan to push democrats say they plan to push back next. you're watching when emergency strikes, first responders are the first ones in... but on outdated networks, the crucial technology they depend on, is limited. that's why t-mobile created t-priority... ...the only solution built for the 5g era, that can dynamically dedicate up to 10 times the capacity for first responders. t-priority. built for tomorrow's emergencies. ready today. (♪♪) experience advanced technology in the buick envision. ♪♪ equipped with the largest-in-class ultrawide 30-inch diagonal display and google built-in compatibility, innovation is at your fingertips. buick. exceptional by design. it can deplete their coq10 levels. i recommend taking qanon coq10. schnoll has three times coq"mr. clean magic eraser.”es

all right, brian chung, thank you very much.head, what got hhs secretary rfk jr to slightly change his tune on vaccines and the measles outbreak? plus, d.o.j. promised to root out fraud in the federal government. but what fraud have they but what fraud have they actually been mom where's my homework? mommy! hey hun - sometimes, you just need a moment. self-care has never been this easy. gummy vitamins from nature made, the #1 pharmacist recommended vitamin and supplement brand. mother and i asked you here tonight. >> it's because it's a buffet of. >> all you can eat. >> butterfly shrimp and sirloin steak. >> yeah, that is the reason. >> i thought it's because i made varsity. >> you did? >> of course you did. >> of course you did. >> used car shopping. >> two rows. two dogs. >> from sold. >> oh. >> whoa, whoa. >> let's pause for the facts. oh. >> like nearly. >> half of all used cars. this puppy has been. >> in an accident. >> but carfax shows how an accident impacts price. so you don't have to overpay. >> unpause. whoa! whoa! >>

. >> joining us now is nbc business correspondent brian chung. brian, it's great seeing you. this whole thing of maybe a little bit of a disturbance. not that much. what does that mean? and what do you think? what? what's wall street taking away from that? >> yeah. well, i mean, look, when it comes to just like the main street message from that, it's pretty a big acknowledgment from the president that there could be some pain for everyday american consumers. and this is kind of the largest and widest acknowledgment from the white house that, yeah, prices could increase as a result of this. and by the way, it's not just politicians and economists that are saying that. it's also the companies themselves. we heard from the likes of best buy and target their ceo speaking yesterday, after those 25% tariffs on mexico and canada were put into place, they were saying this is likely going to lead to price increases for consumers, not just on things like electronics, but on grocery prices as well. we import so many fruits and vegetables from mexico. we import grains and potatoes from c

spokesman for doug burgum's presidential campaign and nbc news business and data correspondent brian chungan, specifically when they focused on the auto industry? >> yeah. and when it comes to the auto industry, the reason why we focus so much on that is because we bring in so many auto parts from mexico. we assemble the vehicles in some cases entirely in canada. and every time it crosses the border, well, it's going to get tariff, which means that the same truck that you might buy in scranton, pennsylvania, from an american automaker may have been tariff multiple times, which is the reason why there were some estimates that with certain vehicles, it could be as much as $12,000 more expensive as a result of the 25% tariffs, because it goes in and out every single time it gets tariff. so the automakers understandably wanted to have that dialog with the white house and manage to succeed in getting this exemption from the tariffs at least a day after it was put into effect. i think the question now, jose, is, does that get expanded? we've seen some suggestion. maybe the white house is open to

now, nbc news white house correspondent vaughn hillyard, nbc news business and data correspondent brian chung, cnbc global supply chain reporter lori ann larocco, and staff writer for the atlantic and msnbc political analyst ashley parker, who also might be eating her words alongside me soon enough. brian, i am going to begin with you. give us a give us a rundown of what we've seen today. because, you know, 30 minutes ago the dow was down quite a bit. and now it does look to be rebounding. >> yeah, it was a roller coaster ride here on wall street, which was an extension of the roller coaster that we had yesterday. with that slide down again the s&p 500 falling 1.7% just yesterday. but today, even though it will look like at certain points of time in the day that it was going to be another ugly day, we've actually just recovered that and the s&p 500, just for a hot second actually was in the green. the nasdaq, that kind of tech heavy sector had been oscillating above and below where it closed the day yesterday looking like a christmas tree, green and then red and then green and then red. so th

now, nbc news capitol hill correspondent ryan nobles, nbc news business and data correspondent brian chung, chief white house correspondent for the new york times and msnbc political analyst peter baker, and national affairs correspondent at the nation, john nichols. brian, i hope your drink of choice is not tequila. >> it's not. no. i'm sticking with water for this week. >> given all the developments. >> here. >> i mean, we saw their local news has been covering it. people are feeling it. small businesses are especially feeling it and they don't really have a choice. they've got to pass it on to the consumer. it's not like walmart which can absorb something of those prices. but even target is saying they're they're raising they're raising costs. what are you seeing from the data. and does it look like it's going to be a short term thing as donald trump is promising, or are we in it for the long haul? >> yeah. well, i mean, little disturbance is how the president. described it in his. >> speech to lawmakers yesterday. >> which was. >> also. >> a speech. >> really to the american people. >>

washington post national political reporter isaac arnsdorf and nbc news business and data correspondent brian chung secretary lutnick says it's silly to doubt trump's economic strategy. i'm wondering what you're hearing behind closed doors. do republicans do top aides agree? do business leaders all agree? >> well. >> republicans and aides are getting an earful from those investors and business leaders who are are very concerned about the toll that this is taking and are, you know, realizing that trump was not just this was not just campaign rhetoric from trump, that he is really committed to this, that his administration is really committed to this and that he is not going to change course because of the stocks going down for a few days or retaliatory tariffs. he's kind of betting his whole second term on this play that he wants to remake the world economy based on a return to trade barriers. >> i should say that the pictures we're looking at on capitol hill are live. that is the president of the united states who just had a friends of ireland luncheon. the taoiseach of ireland has been here, and s

ashley parker, smart analysis there brian chung garrett hake smart. >> from you guys as well. thank you guys. >> coming up next saudi arabia and the unusual role of peacemaker or so they're hoping as the ukrainian president arrives for talks with secretary of state marco rubio and other top u.s. administration officials, can they clean up the mess left after that? that bad, bad, bad. oval office meeting with president trump and vice president j.d. vance and later house republicans released their plan to avoid a government shutdown? do they have everybody in line? they can only afford to lose one republican. we are back in 90s. >> this is the emirates premium >> this is the emirates premium economy seat. economy. i'm obsessed... with this olay hyaluronic body wash with vitamin b3 complex. it's really hydrating. my skin is visibly improved. look at the olay difference. it's olay hyaluronic body wash and lotion. i used to leak urine when i coughed, laughed or exercised. i couldn't even enjoy playing with my kids. i leaked too. i just assumed it was normal. then we learned about b

our next two guests, let's go to nbc news business and data correspondent brian chung, live on the floorews. let us know that a rally. >> is underway already. >> how are the markets looking? what are the futures looking like today? >> yeah, joe, if you were holding your breath for a positive day, i've got some bad news for you. unfortunately, the implied open actually just about half an hour ago pointed to potentially a positive open with stocks gaining. but those futures have actually just reversed. we are now basically about flat, but it has tilted into the red in the last few minutes. but again, this comes after what was the worst stock day of 2025 yesterday. with the s&p down 2.7% and those tech heavy sectors like the nasdaq down 4%. so we'll have to see how it shakes out when the market opens in about 22 minutes. >> yeah. what are you hearing on the floor. what were you hearing yesterday. what are you hearing this morning. what's the main concern. is it is it the tariffs. is it the possibility of inflation. and i'm wondering also why is it that the tech stocks have been taking the d