Stocks plunged around the world Monday morning in response to a trade war and potential economic downturn. In the U.S., stocks zigzagged up and then back down again after a false report that President Donald Trump was considering hitting pause on his tariff plans.

MPR’s senior economics contributor Chris Farrell joined MPR News host Nina Moini to break down what all this turmoil could mean for Minnesotan’s wallets.

Shannon Doyle also joined Minnesota Now with advice on how individuals can respond to this financial moment. She’s a financial education program manager with LSS Financial Counseling at Lutheran Social Service of Minnesota.