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Rachel Maddow (1:00)
Thanks to At Home for joining us this hour. So this was the front page at Bloomberg News Today. Banner headline Markets rocked by Trump show economic fear across Wall street right under that next headline. NASDAQ 100 sheds $1.1 trillion in value right under that next headline. Stocks fall most this year with recession warnings blaring Right under that next headline Tesla tumbles most since 2020. Next headline over Billionaires at Trump swearing in have since lost $209 billion quote the start of Trump's second term has delivered a stunning reversal for many of the billionaires who were seated behind Trump in the Capitol Rotunda while he was being sworn in. That was the front page at Bloomberg News Today. Banner headline at NBC News this afternoon. Quote Markets suffer brutal sell offs as recession fears grow. This was the banner at USA Today. Quote Stocks plunge amid recession fears. Here was CNBC. Dow tumbles nearly 900 points. Nasdaq suffers worst day since 2022 as recession fears erupt. Tesla shares plunge 15%. That's in a day suffering steepest drop in five years. Musk says he is running his businesses, quote with great difficulty as shares tank and it's and it just keeps going. I mean, you know, how specific do you want to get? Tariffs are lose lose for U.S. jobs and industry. Economists says BlackRock executive says Trump deportations will have severe impact on agriculture and construction. Fintech meaning financial technology stocks plummet as Wall street worries about consumer spending and even this one industry specific another industry specific one Delta Airlines slashes earnings outlook citing weaker US Demand. Why is Delta citing weaker US Demand for air travel. It's because, quote, demand for air travel demand in the domestic market for air travel slumped in February after, after a series of aviation industry accidents, winter storms and reduced government travel. Just on that one piece of it, whether or not Americans are interested in flying anywhere these days. After yet another plane crash this weekend, this time in Lancaster, Pennsylvania, the Atlantic magazine is now reporting on how things are going at the FAA under Donald Trump and his top campaign donor, El, who owns both Twitter and also SpaceX, the troubled space company with its subsidiary Starlink, the satellite Internet company. The Atlantic reports, quote, last week, disruptions occurred at airports from Florida to Pennsylvania because of the explosion of the SpaceX Starship on its latest test flight, which rained down debris and snarled air traffic. When these disturbances occur, sometimes suddenly it falls to aeronautical information specialists to update charts and maps and flight procedures that each day guide More than 45,000 flights and 2.9 million passengers across America's more than 29 million square miles of airspace. Quote, Trump's drive to downsize the federal government, as directed by Elon Musk's Doge Initiative, is drastically reducing the number of aeronautical information specialists and other workers in critical safety roles at the FAA. Interviews and internal FAA records show that as many as 12% of the nation's aeronautical information specialists have now been fired or have exited the agency. 12% of everybody who has that job in America is gone since Trump took over. Aeronautical information specialists, the people who reroute planes when bad stuff happens. This, of course, comes after the New York Times reported on a confrontation a few days ago at the White House between Musk and the Fox Business Channel host who Donald Trump saw fit to install as our nation's transportation secretary. Quote, Mr. Duffy said the young staff of Mr. Musk's team was trying to lay off air traffic controllers, Quote, what am I supposed to do? Mr. Duffy said. I have multiple plane crashes to deal with now, and your people want me to fire air traffic controllers and stick a pin in that for a second. We'll come back to the president's top donor and what he's doing to American air travel in just a moment, and how we ought to be thinking about that, given what's going on in the news right now. But as the markets crash today, and as Wall street and the business sector and economists broadly start to righteously freak out about what the American people have wrought by reinstalling Donald Trump in the White House, have a look at this from this weekend. This was another weekend in which we saw People protesting all over the country at Elon Musk's car company, at Tesla dealerships everywhere. Protests this weekend at the Tesla dealership in Pasadena, California, which is Southern California. Also Palo Alto up in Northern California, in Decatur, Georgia, in Vancouver, Washington, in Boston, at the big Tesla dealership there in Chicago, at the Tesla dealership on the Gold coast there in Manhattan, at the Tesla dealership. There was another big protest this weekend at which people did civil disobedience and got arrested. I think this is the second, if not the third time that people have actually done civil disobedience and had to be dragged out of that Tesla showroom in New York City. This was a big weekend of protests. Women's Day this weekend brought out a lot of anti Trump, anti Elon Musk protesters, plus people standing up for abortion rights and for immigrants rights. We saw big women's marches this weekend in Atlanta and in places as far flung as Lexington, Kentucky and Pittsburgh, Kansas and Indianapolis. In New York City, there was a big march. In Los Angeles, they had a really big women's march. There were protests and big marches in Boston and in Sacramento and in Portland, Oregon, and at the state capitol in St. Paul, Minnesota, people demonstrated peacefully in Cincinnati this weekend targeting Vice President J.D. vance while he was out with his young daughter. His interactions with those protesters apparently made him very, very, very angry. Saturday saw a big protest in Bethesda, Maryland, a Defend the NIH protest. Look at the size of this. In Bethesda this weekend, lots of people turned out for that. Saturday night. In Washington, D.C. there was a nighttime march for drag where they marched to the Kennedy center to protest Trump's recent personal takeover of the Kennedy center and his executive orders attacking transgender people in every conceivable way. Saturday in Milwaukee, Wisconsin, there was a daytime protest to defend veterans, a protest in Milwaukee against the massive cuts that Trump has slated for the va. New York Times reporting this weekend that Trump's huge VA cuts have already cut off midstream clinical trials for veterans with advanced cancer. These are clinical trials for veterans who effectively don't have any other treatment options left. And they are facing death. And these clinical trials at the VA might be their best shot to live, but they are canceled now because of the cuts that Trump has already imposed on the VA. That is ahead of the 80,000 people he says he's going to fire at the VA by June. On Saturday in Washington, people unfurled this huge Ukraine flag for a Don't Abandon Ukraine protest that was on the Ellipse outside the White House in Texas. Massachusetts Senator Elizabeth Warren traveled to Austin, Texas this weekend. And Elizabeth Warren rally. Look at this. In Austin, Texas, turned out 3,500 people. At the state Capitol in Austin, Senator Bernie Sanders of Vermont continued his project of rallying people all across the country this weekend. He has been specifically focused on House districts that are currently represented by Republicans. Look at this crowd. Kenosha, Wisconsin. On Friday night, 4,000 people turned out in Kenosha to see Bernie Sanders. The next morning, elsewhere in Wisconsin, he was in Altoona. In Altoona, Wisconsin, on Saturday morning, more than 2,500 people showed up to see Bernie Sanders. That's about a quarter of the town's entire population. Then on Sunday, Senator Sanders went to suburban Detroit, Michigan, where He spoke to 9,000 people. More than 9,000 people turned out in Michigan to see Bernie Sanders. Town halls with members of Congress continue to be packed and also really interesting. In Washington state this weekend, Democratic Congresswoman Emily Randall held a packed town hall in Tacoma Friday night. She was then slated to hold another one Saturday morning in Bremerton, Washington. But so many people packed into that one that the venue filled up in minutes. She apparently made the decision on the spot that she would just stay and hold a whole second town hall after the morning one so that people could get in from the overflow to ask her questions. She just doubled up and I'll say I watched a lot of the footage from those town halls and her constituents were asking her questions. But Congresswoman Randall's constituents were also there to holler at her to do more. Congresswoman Randall's one of the Democratic members of Congress who walked out of President Trump's speech to Congress last week. And she did get a huge round of applause from her constituents for that. But the tone of that town hall was really anguish from her constituents about what's happening in Washington and honestly demands to her that she do more, more, more, that she somehow find a way to be even more confrontational against Trump again. In Texas, Congressman Joaquin Castro held a packed house, had a packed house at his San Antonio town hall as well. Local News interviewed some of his constituents who were in tears, talking about how concerned and angry they are about what Trump is doing to the government. This is an interesting one. This is a Republican in western Michigan, Republican Congressman Bill Huizenga. I think that's how you say his name. It's H U I Z E N G A Huizenga. He held a teletown hall this weekend with his constituents. He actually told his constituents on the call that he didn't want to do an in person town hall because he thought people would be disruptive if he showed up in person. So he just did it by phone. Even still, even though it was just on the phone, that still led to his local ABC affiliate in Western Mission, Michigan, getting him on the record and on tape from that teletown hall with this. Take a listen to what one person asked and how he in part responded. I've got a lot of angst and hopefully the I'm hoping the Congress will stand up and say, yes, you are allowed to do this, Mr. President. No, Mr. President, this has to go through Congress. Is that something that Congress is willing to do? I will fully admit, I think Elon Musk has tweeted first and thought second sometimes and it's been he has plunged ahead without necessarily knowing and understanding what he legally has to do or what he is he is going to be doing. Republican Congressman Bill Huizenga from Michigan, afraid to meet his constituents in person, but telling them in a telephone town hall. Elon Musk has tweeted first and thought second. He has plunged ahead without knowing and understanding what he legally has to do or what he is going to be doing. The actions of Donald Trump and Elon Musk are indefensible according to Republican members of Congress and they do not want to have to admit that on camera in front of their constituents, let alone face them eyeball to eyeball. But doing a teletown hall still gets you on tape even when you're just there on the phone. In Kansas this weekend, Republican Congressman Ron Estes thought that he figured out how to fix this problem. This is fantastic. Congressman Estes called for a rally. He called for a big pro Trump rally and protest event in his district and it was to be sponsored by a right wing group called Americans for Prosperity. So this event, it was Saturday in Wichita, Kansas, again called by the congressman telling his constituents to show up to protest for Donald Trump. And the event was drowned out by a much larger group of anti Trump protesters who showed up to protest against Donald Trump and also against their congressman, Ron Estes. If you look at any of the signs, you'll see something, everything from protect DEI to protect women to help Ukraine. It's just a little bit of everything all at once.