What Just Happened on Wall Street?

Every major U.S. stock market plunged on Monday, wiping out
billions of dollars in value.


Jeanna Smialek, who covers the U.S. economy for The Times,
discusses what was behind the dizzying sell-off — and what it can
tell us about whether America is headed for a recession.


Guest: Jeanna Smialek, a reporter covering the Federal Reserve
and the U.S. economy for The New York Times.


Background reading: 


Global stock markets fell sharply — the latest example of how
distinct economic forces can ricochet across markets.

What should you do when the stock market drops? Here’s the
advice from our columnist.



For more information on today’s episode, visit
nytimes.com/thedaily. Transcripts of each episode will be made
available by the next workday.