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Washington Today (8-5-24): Dow drops 1,000 points as part of global markets downturn
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August 5, 2024
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August 5, 2024
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38:21Now PlayingDow Jones Industrial Average falls 1,000 points, and stock markets around the world drop dramatically as well. It is more reaction to a U.S. jobs report from Friday that some see as showing signs the U.S. economy is slowing and concern the Federal Reserve may have not cut interest rates soon enough.
President Joe Biden convenes his national security team at the White House as Iran says it has a 'moral duty' to respond to the killing of a Hamas leader in Tehran. Israel says it is ready for any military attack
Vice President Kamala Harris, Democratic presidential nominee, is expected to announce her vice-presidential running mate before a joint campaign appearance in Philadelphia Tuesday night.
Gov. Ron DeSantis (R-FL) says his state has seen a “significant” storm surge and flooding from Hurricane Debby, but power outages, while substantial, are not as widespread as from previous, more powerful hurricanes that hit the state.
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