A Wild Day on Wall Street

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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.

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

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