SEVERE WX : Frost Advisory View Alerts

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

CNN's Alison Kosik reports.

Posted: Dec 5, 2018 12:50 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.)

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 584227

Reported Deaths: 7297
CountyCasesDeaths
Hennepin1211481718
Ramsey50494868
Dakota45177443
Anoka40908433
Washington26429279
Stearns21950221
St. Louis17568302
Scott17036124
Wright15771136
Olmsted1312197
Sherburne1144384
Carver1035045
Clay809292
Rice7964106
Blue Earth740941
Crow Wing654188
Kandiyohi648282
Chisago584051
Otter Tail568978
Benton561497
Goodhue471972
Mower461432
Douglas460474
Winona448950
Itasca421153
McLeod417758
Morrison414560
Isanti410762
Nobles406748
Beltrami388558
Steele382015
Polk380368
Becker376450
Lyon357850
Carlton340953
Freeborn339929
Pine324121
Nicollet321443
Brown303540
Mille Lacs298252
Le Sueur286422
Todd278731
Cass266328
Meeker251340
Waseca235822
Martin228831
Roseau206119
Wabasha20383
Hubbard184241
Dodge18193
Renville178243
Redwood171536
Houston170215
Cottonwood163121
Fillmore154110
Wadena153621
Pennington153319
Chippewa151338
Faribault150319
Kanabec143024
Sibley141310
Aitkin133236
Watonwan13049
Rock127319
Jackson121411
Pipestone114226
Yellow Medicine113620
Pope10846
Murray10579
Swift104218
Stevens89211
Marshall87617
Clearwater85816
Koochiching81615
Lake80619
Wilkin79912
Lac qui Parle75022
Big Stone5934
Lincoln5733
Grant5648
Mahnomen5418
Norman5379
Unassigned49793
Kittson48222
Red Lake3957
Traverse3685
Lake of the Woods3193
Cook1560

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 364967

Reported Deaths: 5920
CountyCasesDeaths
Polk57277621
Linn20729334
Scott19808240
Black Hawk15757308
Woodbury15091228
Johnson1441183
Dubuque13326209
Dallas1111198
Pottawattamie11043168
Story1054948
Warren573688
Clinton552092
Cerro Gordo536389
Sioux512874
Webster510993
Marshall481075
Muscatine474699
Des Moines451766
Wapello4284122
Buena Vista424040
Jasper413771
Plymouth400179
Lee373155
Marion360575
Jones296957
Henry290737
Carroll284752
Bremer282860
Crawford265840
Boone262734
Benton255055
Washington253350
Dickinson247543
Mahaska229351
Jackson220942
Kossuth215164
Clay214725
Tama208971
Delaware208240
Winneshiek196733
Page192222
Buchanan190431
Cedar188923
Fayette184741
Hardin184643
Wright183436
Hamilton179249
Harrison179273
Clayton169156
Butler164234
Mills161422
Madison160419
Floyd159642
Cherokee158538
Lyon157541
Poweshiek154733
Allamakee150351
Iowa148124
Hancock146834
Winnebago141231
Cass137554
Calhoun136613
Grundy136033
Emmet133940
Jefferson132135
Shelby130437
Sac130119
Appanoose128048
Louisa127849
Union127832
Mitchell125742
Chickasaw123815
Guthrie120829
Humboldt118826
Franklin117421
Palo Alto112223
Howard104122
Montgomery102838
Unassigned10080
Clarke99824
Keokuk95331
Monroe95129
Ida90234
Adair86232
Pocahontas85422
Monona82730
Davis81824
Osceola77916
Greene77610
Lucas76823
Worth7368
Taylor65612
Fremont6229
Decatur6069
Van Buren55718
Ringgold55524
Wayne53223
Audubon50610
Adams3384
Rochester
Clear
51° wxIcon
Hi: 56° Lo: 38°
Feels Like: 51°
Mason City
Clear
47° wxIcon
Hi: 61° Lo: 40°
Feels Like: 43°
Albert Lea
Partly Cloudy
48° wxIcon
Hi: 59° Lo: 39°
Feels Like: 46°
Austin
Partly Cloudy
48° wxIcon
Hi: 58° Lo: 39°
Feels Like: 48°
Charles City
Clear
° wxIcon
Hi: 60° Lo: 40°
Feels Like: °
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