Market craters; Trump says 'don’t be weak'

It’s Monday. I am still not over last night’s finale of “The White Lotus.” Don’t worry, I won’t include any spoilers! But email me your thoughts if you’ve seen it.

In today's issue:

• Markets crater at opening
• Trump tells Americans not to be "weak" or "stupid"
• Netanyahu’s White House visit
• Johnson, Luna reach deal for new parents

THE FIRST 100 DAYS

The penguin plunge:

The stock market plunged again this morning, sending the S&P 500 into bear market territory as President Trump’s massive tariffs are alarming investors around the globe.

The numbers: The Dow Jones Industrial Average fell roughly 1,400 points (or 3.5 percent) as the market opened. The S&P 500 index and the Nasdaq composite both dropped 3.7 percent.

Goldman Sachs raises its recession probability to 45 percent.

What's a bear market?: This happens when there is a sustained period of stocks dropping by at least 20 percent from a recent high.

The market has been SO jumpy: At one point this morning, the market had a big surge. There was a social media post claiming National Economic Council director Kevin Hassett said Trump was considering a 90-day pause on all countries except China. The post was later deleted. The White House dismissed this rumor as “fake news.”