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.

Confirmed Cases: 91935

Reported Deaths: 2780
CountyConfirmedDeaths
Hinds6884152
DeSoto527653
Harrison366071
Jackson332666
Madison316485
Rankin312173
Lee251566
Jones234077
Forrest229468
Washington214771
Lafayette199339
Lauderdale1977122
Bolivar175064
Oktibbeha172549
Lamar154833
Neshoba1513103
Panola140326
Lowndes138057
Sunflower136943
Warren136249
Leflore133279
Pike119848
Pontotoc119616
Monroe116665
Scott114925
Copiah114533
Coahoma108926
Holmes107658
Marshall105914
Grenada102634
Lincoln102652
Yazoo102527
Simpson99841
Union96223
Tate94337
Leake93235
Adams88133
Wayne86421
Pearl River83349
Marion82832
Covington78721
Prentiss77317
Alcorn74610
Newton74222
George74013
Itawamba72921
Tallahatchie72517
Winston71819
Tishomingo64035
Attala63325
Chickasaw63124
Tippah62016
Walthall58525
Clay55916
Hancock54420
Noxubee53915
Jasper53214
Clarke51937
Smith51514
Calhoun50612
Tunica47013
Claiborne44716
Montgomery44420
Lawrence42112
Yalobusha41014
Perry38216
Humphreys36815
Quitman3595
Stone34511
Greene33316
Webster32613
Jefferson Davis31711
Carroll30612
Amite30310
Wilkinson29917
Kemper28415
Sharkey25811
Jefferson2349
Benton2081
Franklin1833
Choctaw1775
Issaquena1023
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 128097

Reported Deaths: 2264
CountyConfirmedDeaths
Jefferson18531332
Mobile12931288
Montgomery8546170
Madison730373
Tuscaloosa6984109
Lee557059
Shelby544649
Baldwin500347
Marshall375942
Etowah324744
Calhoun316538
Morgan311825
Houston258621
Elmore246847
DeKalb229319
St. Clair217434
Walker217480
Talladega199125
Limestone190819
Cullman179717
Dallas172526
Franklin170328
Russell16852
Autauga161924
Lauderdale159031
Colbert156024
Escambia153824
Blount148713
Jackson144210
Chilton142824
Dale127442
Covington127227
Coffee12357
Pike11289
Tallapoosa112483
Chambers110742
Clarke104316
Marion90328
Butler90138
Barbour8097
Marengo69419
Winston68012
Lowndes64327
Pickens61514
Bibb6129
Hale60928
Bullock58314
Randolph58112
Lawrence57320
Monroe5708
Washington54213
Geneva5364
Perry5366
Wilcox52911
Cherokee52615
Conecuh51611
Crenshaw50731
Clay5057
Macon46619
Henry4474
Sumter41419
Fayette4088
Choctaw34212
Lamar3272
Cleburne3056
Greene29715
Coosa1573
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