5 things for February 6: Stock market, Dem memo, Syria, Jacob Zuma, Olympics

Is no breakfast beverage safe anymore? There's ...

Posted: Feb 6, 2018 12:29 PM
Updated: Feb 6, 2018 12:29 PM

Is no breakfast beverage safe anymore? There's a new warning-out for all you hot tea drinkers. And 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. Stock market

Global markets tumbled this morning, following the stunning 1,175-point drop of the Dow. That was its worst point drop on record for one day. The 4.6% decline-was the stock market's worst day since August 2011 and-wiped out all this year's gains. It also erased a quarter of the "Trump rally." It's unclear what will happen today: US futures were down overnight, then started to recover.

Why is this happening? The hot economy may be a little too hot. Unemployment's so low that we finally saw decent wage growth in the latest jobs report, sparking inflation fears. And that, in turn, worries investors that the Fed will be more aggressive in raising interest rates to cool everything down.

So, what should you do? Probably nothing. It's best to play the long game with stocks, and the market had been so hot that it had to cool down eventually.

2. Dem memo & shutdown

That Democratic memo rebutting GOP allegations of FBI abuses got the OK from the House Intelligence Committee to be released. Now, it heads to President Trump for review. Will he release it? The consensus seems to be that he will -- but with a lot of redactions. Dems worry Trump will block out not just sensitive stuff but also things that are politically inconvenient for the GOP.

Meanwhile, House Republicans plan a vote today on yet another short-term spending bill to keep the government open. The government shuts down Thursday unless a spending deal is reached. The bill, which would keep the lights on through March 23, would also fund the military for a full year. That'd pass the House, but it'd be DOA in the Senate. Combine that with lingering uncertainty over a DACA deal, and, well, who knows how this will play out.

3. Syria

Are civilians in Syria being attacked with chemical weapons again? The Syrian National Coalition, made up of opposition groups,-thinks so and wants the UN to stop it. There were reports over the weekend that chlorine gas attacks took place in Idlib province, but CNN hasn't independently verified those claims. Russia, an-ally of Syria's government,-has-ramped up airstrikes there-after one of its pilots was shot down and later killed in an exchange of gunfire.

4. South Africa

South African President Jacob Zuma is in a fight. His party, the African National Congress, may try to oust him tomorrow. Senior members of the party tried to get him to resign over the weekend, but he refused. His supporters clashed with party activists outside the ANC headquarters in Johannesburg. So, why is he in trouble? There are many reasons, with the main one being years of corruption allegations against him.

Meantime, officials in Cape Town pushed back their projections for-"Day Zero"--- the day the South African city's taps are expected to run dry -- to May 11, citing a decline in agricultural water use.

5. Winter Olympics

Amid flu fears, the Olympic facilities in Pyeongchang, South Korea, now battle-a norovirus outbreak, just days before the Games start. At least 41 security guards have been hospitalized with vomiting and diarrhea. To stop the disease's spread, the other guards have been pulled and replaced with 900 military personnel.

BREAKFAST BROWSE

People are talking about these. Read up. Join in.

RIP, Frasier's dad

If "Frasier" was the perfect sitcom (it was), then John Mahoney was perfectly cast as the cranky-but loveable-Martin Crane. He died at age 77.

Netflash

"The Cloverfield Paradox" made a big splash during the Super Bowl, then critically crashed and burned when it popped up hours later on Netflix.

Love him like a rock

If you've never seen Paul Simon live, you'd better hurry. The music legend's next tour will be his last.

'Got a Christmas tree fire'

Philadelphia celebrated the Eagles' epic Super Bowl win with grace and decorum. Don't believe us? Just listen to the police scanner calls.

NUMBER OF THE DAY

103 million

That's how many people that watched the Super Bowl, down from last year's 111 million.

QUOTE OF THE DAY

It "will either be a great rocket launch or the best fireworks display they've ever seen."

Elon Musk, expressing great confidence in today's test launch of The Falcon Heavy, which may be the world's most powerful operational rocket

AND FINALLY ...

Watch and learn

Watch these cats watch a Japanese chef make homemade tofu. (Click to view.)

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 895229

Reported Deaths: 9462
CountyCasesDeaths
Hennepin1749772017
Ramsey722701040
Dakota66032572
Anoka62513568
Washington39357355
Stearns32821275
St. Louis28761399
Wright25354211
Scott25329181
Olmsted21750127
Sherburne18478126
Carver1629166
Clay11923103
Blue Earth1126366
Rice11234138
Crow Wing11003122
Chisago974676
Kandiyohi9660106
Otter Tail9611126
Benton8815124
Beltrami801794
Goodhue786596
Douglas7689100
Itasca752796
Mower721349
Winona702756
McLeod694483
Isanti681383
Steele669431
Morrison663479
Becker620873
Polk591684
Freeborn550846
Carlton529474
Nobles521654
Lyon518761
Mille Lacs516573
Nicollet510960
Pine500641
Cass491252
Todd483642
Brown465057
Le Sueur445933
Meeker422357
Martin378143
Wabasha366010
Waseca365132
Dodge351511
Hubbard349848
Roseau307931
Fillmore299115
Wadena298239
Redwood277845
Houston266817
Renville264151
Faribault253032
Pennington247529
Sibley246917
Kanabec241536
Cottonwood225032
Chippewa216342
Aitkin215850
Pope203210
Watonwan194920
Yellow Medicine185423
Rock174728
Swift169322
Koochiching168123
Stevens164511
Jackson159216
Clearwater155720
Marshall151122
Murray150911
Pipestone148329
Lake129824
Lac qui Parle120025
Wilkin119416
Mahnomen104714
Norman10389
Grant9719
Big Stone9365
Lincoln8705
Kittson71523
Red Lake70710
Traverse5996
Unassigned572124
Lake of the Woods5235
Cook3020

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 516453

Reported Deaths: 7289
CountyCasesDeaths
Polk80319799
Linn32142424
Scott26637292
Black Hawk21974378
Woodbury20490258
Johnson19778105
Dubuque18515241
Pottawattamie15890213
Dallas15320113
Story1380258
Warren8450104
Cerro Gordo7964123
Clinton7725114
Webster7326122
Des Moines7098105
Marshall669093
Muscatine6645117
Wapello6441144
Jasper619591
Sioux610177
Lee5908105
Marion557897
Buena Vista502149
Plymouth488388
Henry418655
Benton404859
Jones404862
Bremer395372
Washington391463
Boone389739
Carroll367755
Mahaska365365
Crawford353747
Dickinson314655
Jackson307747
Buchanan305741
Clay295536
Delaware294654
Kossuth289077
Fayette286353
Hardin284353
Tama279777
Page272533
Wright266149
Cedar265527
Hamilton259857
Winneshiek258143
Floyd255449
Clayton244459
Poweshiek237243
Madison234525
Harrison234379
Cass233466
Butler232744
Iowa229634
Jefferson223043
Mills220930
Winnebago215938
Hancock214639
Cherokee211347
Lyon206142
Appanoose205357
Allamakee203955
Calhoun196919
Shelby196442
Union191141
Humboldt185130
Grundy183637
Franklin183029
Mitchell182043
Chickasaw178922
Emmet178246
Louisa176953
Sac171026
Guthrie168137
Montgomery161745
Clarke160829
Keokuk150839
Palo Alto150532
Howard146824
Monroe142739
Ida130141
Greene127517
Davis124625
Lucas124426
Monona122939
Worth12139
Pocahontas120724
Adair114337
Osceola104818
Decatur101913
Taylor98514
Fremont95913
Van Buren93222
Wayne84525
Ringgold76729
Audubon74917
Adams5748
Unassigned480
Rochester
Clear
32° wxIcon
Hi: 40° Lo: 27°
Feels Like: 24°
Mason City
Clear
31° wxIcon
Hi: 50° Lo: 27°
Feels Like: 20°
Albert Lea
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Hi: 45° Lo: 28°
Feels Like: 20°
Austin
Partly Cloudy
30° wxIcon
Hi: 45° Lo: 29°
Feels Like: 21°
Charles City
Partly Cloudy
32° wxIcon
Hi: 52° Lo: 28°
Feels Like: 23°
Mild heading into the weekend
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