2025-03-11
31 分钟This BBC podcast is supported by ads outside the uk.
Punk Tiho this is the global news podcast from the BBC World Service.
I'm Nick Miles and in the early hours of Tuesday, the 11th of March, these are our main stories.
Stock markets have closed down sharply in the United States amid concern over President Trump's tariffs and refusal to rule out recession.
President Zelensky is in Saudi Arabia, which is hosting the first significant peace talks since the Russian invasion of Ukraine.
And we hear from our correspondent in Lebanon about Syrians who fled across the border after a wave of sectarian killings.
Also in this podcast, one, I was gobsmacked, but two, I was fuming.
The British couple given a hefty fine after reporting a migrant who secretly hitched a lift on top of their car.
Let's start this podcast.
In the United States, President Trump ran his election campaign on promises to fix the economy.
But early into his presidency, two things have been having a huge impact on the markets.
Uncertainty and tariffs.
Both have been in abundance since he took office less than two months ago.
And it was his refusal to rule out a recession in the United States that seems to have been the last straw, with the stock markets falling particularly heavily.
Michelle Fleury is our New York business correspondent and I asked her which stocks were down.
I think the question should be what isn't down?
It's been such an ugly day here on Wall Street.
The tech heavy NASDAQ led the declines down 4%.
In terms of individual stocks, you had Tesla, the electric carmaker of which Elon Musk is obviously closely associated with, that was down 15%.
And if you go back to its high in December, it's now down more than 50% since then.