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

CNN's Alison Kosik reports.

Posted: Dec 5, 2018 1:09 PM
Updated: Dec 5, 2018 1:21 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.)

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 145636

Reported Deaths: 3745
CountyCasesDeaths
DeSoto963299
Hinds9584195
Harrison6848109
Jackson6124118
Rankin528598
Lee484295
Madison4633105
Forrest368186
Jones345287
Lauderdale3350143
Lafayette315049
Washington3097107
Lamar281849
Oktibbeha239261
Bolivar239083
Lowndes228863
Neshoba2164115
Panola211749
Marshall208350
Leflore200890
Pontotoc194728
Monroe190277
Sunflower189755
Lincoln186165
Warren172257
Tate164251
Union160925
Pike160458
Copiah158940
Yazoo151239
Scott150229
Itawamba147634
Coahoma147443
Pearl River144467
Simpson144253
Alcorn143925
Prentiss140429
Grenada136945
Adams136548
Leake131843
Holmes124961
George122224
Tippah121530
Covington117636
Winston116624
Wayne115823
Hancock114139
Marion111046
Attala107833
Tishomingo106142
Newton102729
Chickasaw102432
Tallahatchie95527
Clarke88553
Clay87027
Jasper81122
Walthall75028
Stone72414
Montgomery71925
Calhoun71613
Carroll70614
Lawrence70214
Yalobusha69427
Noxubee69217
Smith68816
Perry65225
Tunica59619
Greene58422
Claiborne57416
Jefferson Davis54217
Humphreys52618
Amite51214
Benton48417
Quitman4796
Webster42014
Kemper40917
Wilkinson38622
Jefferson33811
Franklin3235
Choctaw3077
Sharkey30617
Issaquena1114
Unassigned00

Alabama Coronavirus Cases

Cases: 236865

Reported Deaths: 3472
CountyCasesDeaths
Jefferson31043491
Mobile19446360
Tuscaloosa12684150
Madison12528146
Montgomery12122235
Shelby992276
Baldwin837684
Lee759765
Morgan626247
Calhoun6049113
Etowah600564
Marshall596153
Houston510838
DeKalb469635
Cullman421136
Limestone408844
St. Clair403955
Elmore398961
Lauderdale387253
Walker356199
Talladega339044
Jackson302524
Colbert297641
Blount282236
Autauga266139
Franklin246233
Coffee236615
Dale228454
Dallas222331
Russell21923
Chilton218537
Covington215933
Escambia196931
Tallapoosa171790
Chambers171448
Pike156014
Clarke155319
Marion135535
Winston126623
Lawrence123936
Geneva11848
Pickens117618
Marengo117424
Barbour116710
Bibb115717
Butler114341
Randolph100321
Cherokee99624
Hale93231
Washington89918
Clay89623
Fayette86216
Henry8436
Lowndes78929
Monroe77911
Cleburne75614
Macon71720
Crenshaw70330
Bullock69019
Conecuh68214
Perry6726
Lamar6337
Wilcox62818
Sumter56222
Choctaw41813
Greene41317
Coosa3144
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