Dow plunges nearly 800 points on U.S.-China trade fears

CNN's Alison Kosik reports.

Posted: Dec 5, 2018 1:52 PM
Updated: Dec 5, 2018 2:21 PM

Today is a national day of mourning for the late former President George H.W. Bush. That means a lot of government agencies will be closed and regular mail service suspended. Here's what else you need to know to Get Up to Speed and Out the Door. (You can also get "5 Things You Need to Know Today" delivered to your inbox daily. Sign up here.)

1. Mueller investigation

As expected, FBI special counsel Robert Mueller filed a sentencing memo for President Trump's ex-national security adviser, Michael Flynn. The big takeaway: Mueller suggested Flynn should NOT get prison time because he gave "substantial assistance" to the investigation. How substantial? The filings reveal Flynn sat for 19 interviews with the special counsel and other Justice Department officials, and not only did his information lay out a road map for the investigation, his early cooperation may have encouraged others to do the same. Despite this revelation, the filings were heavily redacted and didn't contain any concrete answers to big questions. But whatever is written under those black bars, it puts pressure on the Trump administration. A legal expert told CNN that such cooperation probably means Flynn's information helped Mueller build a criminal case. Against whom? REDACTED.

2. Stocks 

Wow, yesterday was a horrible day for the markets. Remember Monday's enthusiasm over the trade truce between the US and China? Gone. The Dow plunged 799 points, with bank stocks hit especially hard. Sure, the economy has ups and downs, but when bank stocks dip and concerns about bond yields come into play, it can signal a slowdown. Tech stocks, like Apple, Google, Amazon and Netflix, also fell sharply. Oh, and UPS and FedEx stocks fell, too, because Amazon is reportedly building up its air freight delivery service. There won't be mayhem today, though: Markets are closed as the nation mourns our former President.

3. Jamal Khashoggi 

Republican senators had strong words after leaving a classified briefing about the murder of Washington Post journalist Jamal Khashoggi. Sen. Bob Corker said outright that Saudi Crown Prince Mohammed bin Salman "ordered, monitored, the killing" of Khashoggi in October at Saudi Arabia's consulate in Istanbul. "If he were in front of a jury, he would be convicted of murder in about 30 minutes," he said. Sen. Lindsey Graham said, "There's not a smoking gun, there's a smoking saw." Both are leading a charge to rebuke the Crown Prince and possibly distance the US from Saudi Arabia's military interests. But GOP US Rep. Chris Stewart said on CNN that "journalists disappear all over the country" and this incident can't get in the way of US interests.

4. Somalia 

More than two decades after closing its embassy in Somalia, the US announced it has re-established a permanent diplomatic presence in the East African nation. The US closed its embassy in the capital city of Mogadishu in January 1991, after the overthrow of the country's President, but has been warming up diplomatic sentiments. Somalia in recent years also has been subject to widespread famine and has been a regular focus of US counterterror efforts. US military strikes in Somalia have targeted suspected fighters for ISIS and a militant group linked to al Qaeda.

5. NYPD drones 

Drones are coming to the nation's largest police force, and while they may have some seriously helpful applications, civil rights groups worry they could open the door to some Orwellian levels of privacy invasion. The NYPD announced it will start using a fleet of 14 drones: 11 small ones, two large weather-resistant ones with thermal imaging and zoom capabilities, and one testing drone. They'll be used to document crime scenes and collisions, monitor crowds and traffic at events, gather information at hazardous scenes, and even be used during hostage situations. They won't be used for routine patrol or traffic enforcement or to monitor citizens. Despite the promise, the New York Civil Liberties Union says it's concerned the department's policies don't place many official limits on drone use. NYPD says more than 900 police, fire and emergency units around the country already use drones in some form.

BREAKFAST BROWSE

Too much sleep linked to greater risk of disease and death, study says

Still gonna smash that snooze button five times.

A 9-year-old boy has convinced his Colorado town to lift its ban on snowball fights

What town is this? HallmarkMovieVille?

A legislator wants to ban telemarketers from doing that annoying thing where their caller IDs mimic your home area code and number

One word: GOOD.

Cardi B and her husband Offset break up

We're hope they're both OK.

Inside Brazil's abandoned Santa-themed amusement park

Good grief, this place is a nightmare. Gaze into the empty maw of Father Christmas, children! He sees you when you're sleeping!

TODAY'S NUMBER

5.1 million

That's how many pounds of beef are being recalled because they could be tainted with salmonella. This recall is an expansion of a recall that started in October. All in all, 12 million pounds of beef have been affected.

TODAY'S QUOTE

"I would like to end this speech with some words to young girls all over the world: Please, believe in yourselves."

Norwegian soccer star Ada Hegerberg, the first winner of the Women's Ballon d'Or

AND FINALLY

Beer me! Candy me! Everything me! 

Every single thing automated through some hacked Google Home system? This man is living in 3018. (Click to view.)

West Lafayette
Clear
52° wxIcon
Hi: 68° Lo: 40°
Feels Like: 52°
Kokomo
Clear
47° wxIcon
Hi: 64° Lo: 37°
Feels Like: 44°
Rensselaer
Clear
46° wxIcon
Hi: 63° Lo: 37°
Feels Like: 41°
Fowler
Clear
46° wxIcon
Hi: 64° Lo: 38°
Feels Like: 41°
Williamsport
Clear
48° wxIcon
Hi: 66° Lo: 40°
Feels Like: 45°
Crawfordsville
Clear
46° wxIcon
Hi: 67° Lo: 41°
Feels Like: 43°
Frankfort
Clear
47° wxIcon
Hi: 65° Lo: 38°
Feels Like: 43°
Delphi
Clear
47° wxIcon
Hi: 65° Lo: 38°
Feels Like: 44°
Monticello
Clear
47° wxIcon
Hi: 64° Lo: 38°
Feels Like: 44°
Logansport
Clear
46° wxIcon
Hi: 64° Lo: 36°
Feels Like: 46°
Bright and Breezy with Unseasonably Cooler Conditions.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 108646

Reported Deaths: 3478
CountyConfirmedDeaths
Marion20341757
Lake10013312
Elkhart6198106
St. Joseph586796
Allen5785198
Hamilton4600109
Vanderburgh318126
Hendricks2607120
Monroe224336
Johnson2241122
Tippecanoe211313
Clark205056
Porter197843
Cass19209
Delaware180159
Vigo169621
Madison153075
LaPorte134837
Floyd127961
Howard125163
Kosciusko116717
Bartholomew113257
Warrick104134
Marshall97423
Boone93846
Dubois92118
Hancock89242
Noble86432
Grant85132
Henry73424
Jackson7259
Wayne72214
Morgan68038
Shelby65529
LaGrange62811
Daviess61627
Dearborn61428
Clinton59111
Harrison54824
Putnam5098
Lawrence49928
Montgomery49421
White47114
Knox4659
Decatur44739
Gibson4344
DeKalb42511
Miami4202
Greene40935
Fayette40413
Jasper3732
Scott34410
Steuben3447
Sullivan32612
Jennings30512
Franklin29225
Posey2900
Clay2855
Orange27924
Ripley2768
Carroll26713
Wabash2547
Washington2491
Whitley2456
Wells2422
Starke2387
Jefferson2363
Adams2303
Fulton2292
Tipton21522
Huntington2073
Randolph2047
Perry20014
Spencer1984
Jay1640
Newton16411
Owen1621
Martin1560
Rush1484
Pike1331
Vermillion1210
Fountain1152
Pulaski1121
Blackford1072
Crawford980
Brown933
Parke902
Benton880
Union760
Ohio757
Switzerland660
Warren381
Unassigned0225

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events