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2025-04-07

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  • A couple months ago, here at Planet Money, we stumbled across our favorite kind of economic mystery.

  • Jack, what is this?

  • A deal that seemed way too good to be true.

  • What I'm seeing here, at least, is that it's very high clarity.

  • Join us on our adventure to find out exactly how much a diamond is worth.

  • Planet Money from NPR.

  • Wherever you get your podcasts.

  • Live from NPR News in Washington on Corva Coleman, stock markets around the world are slumping.

  • Investors are frightened of the effects of President Trump's new tariffs that are ricocheting around the world.

  • On Wall Street in pre-market trading, Dow futures are down 730 points, or nearly 2%.

  • NPR's John Bruitsch says elsewhere the economic uncertainty is slamming other markets.

  • In Asia, it was a bloodbath with equity markets from Australia to Vietnam plunging.

  • Some clocked record drops.

  • Hong Kong's benchmark Hang Seng index fell more than 13%.

  • Its biggest one-day drop since 1997.

  • The year Britain handed the territory back to China.

  • And Taiwan's market ended down nearly 10%.

  • Its biggest single-day fall on record.

  • In Europe, it was a similar story, with major market indexes down across the board.

  • NPR's John Bruitsch reporting, President Trump is defending his actions.