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Tuesday, August 6, 2024

The stock market's terrible, no-good, very bad day

Don't panic yet. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Briefing

YOUR MORNING NEWS ROUNDUP

Tue Aug 6 2024

 

Nicole Fallert Newsletter Writer

@nicolefallert

You likely will hear "recession" in the days to come as the stock market rout prompts anxiety. Democratic presidential nominee Kamala Harris is expected to announce her running mate Tuesday morning. Wake up and use Google? That might change.

🙋🏼‍♀️ I'm Nicole Fallert, Daily Briefing author.  These surfing dogs are my kind of Olympians.

What to do when the stock market sinks like a stone

Americans have whiplash after the week opened with a "correction" (a market drop that's not a recession). Japan's Nikkei 225 index made a sharp recovery Tuesday after posting the worst one-day return in its history on Monday. Losses spread from Asia to Europe to the United States, where the S&P 500 and Nasdaq closed sharply lower on Monday. Though it's hard to stay calm, experts say you should try. When the stock market tumbles, your first impulse may be to sell. But remember, then you are selling low.

Olympics update: Five track and field finals

Tuesday's Olympic track & field schedule features five finals, including Gabby Thomas and McKenzie Long in the women's 200m final. Skateboarding holds prelims and finals for women's park. Men's basketball enters the quarterfinal stage, including the U.S. men playing Brazil. Women's soccer enters the semifinals, playing Germany. Click here for live updates on Tuesday's competition.

Read more Olympics coverage by USA TODAY's journalists in Paris:

US female athletes are dominating in Paris. We have Title IX to thank.
Nikki Hiltz is the transgender and nonbinary Olympian young people need.
China and Taiwan are political adversaries. And badminton rivals.
Olympic sport climbers face vexing boulders.
Here's why Jordan Chiles' score changed, giving her the bronze medal in the floor final.

Play Olympics bingo with us 🎲 You have until Aug. 11, when this year's Olympics officially end. So prepare your bingo card and mark squares for iconic moments and Snoop Dogg sightings.

Nl Olympics Bingo 1

Follow @usatodaysports on X and Instagram for more fun from the Paris Olympics.

Illustration by Alan Nguyen

More news to know now

Kansas, Michigan, Missouri, and Washington hold pivotal primaries on Tuesday.
Ex-Illinois deputy shot Sonya Massey out of fear for his life.
Iran says it does not want regional escalation but must "punish" Israel.
Why did Trump congratulate Putin?
Time to play today's USA TODAY Crossword! Click here for Sally's expert analysis.

What's the weather today? Check your local forecast here.

Will it be Walz or Shapiro?

Democratic presidential contender Kamala Harris is likely to reveal her VP pick early Tuesday, ahead of a key rally in Philadelphia that will mark the start of a pivotal five-day tour of swing states. She's narrowed her search for a vice presidential running mate to two finalists, Pennsylvania Gov. Josh Shapiro and Minnesota Gov. Tim Walz. The Harris campaign plans a social media announcement featuring the duo on Tuesday.

Four dead after Debby slams Florida

Debby, now a tropical storm, roars on Tuesday toward Georgia and South Carolina, where it's expected to bring catastrophic flooding. Major power outages and flooding were already widespread as Debby came ashore along the Big Bend coast of Florida on Monday, killing at least four people. North Carolina and the mid-Atlantic will start getting heavy rain by midweek.

This could change how you search the internet

In the most significant legal ruling against a major technology giant in more than two decades, a federal judge says Google illegally monopolized online search and advertising by paying companies like Apple and Samsung billions of dollars a year to install Google as the default search engine on smartphones and web browsers. The ruling could impact whether Google is on your device when you buy it, versus choosing among an open market of browsers. Read more

Keep scrolling

Taylor Swift added five opening acts to her August London shows.
A goat confirms Banksy's latest street art.
"House of the Dragon" Season 3 is coming.
Chappell Roan may have made history at Lollapalooza.
Georgia repeats at No. 1 in preseason college football poll.

Miss USA crowned amid controversial pageant year

Miss Michigan Alma Cooper took the crown on Sunday during the pageant's 73rd annual ceremony, and comes after the resignation of a previous titleholder spawned shakeups at the Miss USA organization. Cooper is a U.S. Army officer, data scientist and master's student at Stanford University researching food insecurity. Read more

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Alma Cooper is crowned Miss USA 2024 onstage during the 73rd annual Miss USA Pageant on Aug. 4, 2024, in Los Angeles, California.

Alberto E. Rodriguez, Getty Images

Photo of the day: Mondo makes the WR

After two failed tries at 6.25 meters, Armand "Mondo" Duplantis — representing Sweden but born and raised in Lafayette, Louisiana — set a world record Monday night in pole vaulting. The 24-year-old took off and contorted his body over the 6.25 meter bar, his landing on the mat greeted by a thunderous roar from an enraptured audience in Paris chanting his name.

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Gold medalist Armand Duplantis of Sweden sets a new world record during the Men's Pole Vault Final at Stade de France on Aug. 5, 2024 in Paris, France.

Christian Petersen, Getty Images

Nicole Fallert is a newsletter writer at USA TODAY, sign up for the email here. Want to send Nicole a note? Shoot her an email at NFallert@usatoday.com.

TOP STORIES

NEW YORK, NEW YORK - AUGUST 05: Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2024, in New York City. The Dow fell over 1000 points in morning trading as global stocks plunged following fears of a recession in the American and Japanese economies.

As global markets plunged overnight, U.S. markets are feeling the impact. But does that mean we're heading into a recession?

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A firefighter works as the Nixon Fire burns with evacuation orders in the area on July 29, 2024 near Aguanga, California.
 

Wildfire burns a half dozen homes, residents flee San Bernardino

 

A fast-moving wildfire destroyed homes in San Bernardino on Monday. The area, an hour east of Los Angeles, is under an excessive heat warning until Tuesday.

Anita Alvarez of Team USA performs during the women's duet free at the Aquatics Centre in Paris on May 4, 2024.
 

What you need to know about artistic swimming at 2024 Paris Olympics

 

Artistic swimming, sometimes known as synchronized swimming, made its Olympics debut in 1984. Here's everything to know for Paris.

Caroline Marks cuts into a wave during her gold medal match. She defended Team USA's title.
 

Caroline Marks wins gold for Team USA's only surfing medal

 

American surfer Caroline Marks salvaged the U.S. team's Olympic medal hopes Monday in Teahupo'o, Tahiti. Brazil's Tatiana Weston-Webb won silver.

NASA astronauts Suni Williams and Butch Wilmore say goodbye to friends and family as they leave astronaut crew quarters on their way to the launch pad Monday, May, 6, 2024. The two are scheduled to ride to the International Space Station aboard Boeing's Starliner capsule.
 

NASA astronauts await return on Starliner

 

Two months since Starliner launched, NASA astronauts Barry Wilmore and Sunita Williams remain in space. A timeline shows the major dates of the mission.

USA TODAY's The Excerpt podcast
 

The Excerpt: The Supreme Court rejects Missouri's effort to delay a Trump hush money sentencing

 

USA TODAY's daily news podcast, The Excerpt, brings you a curated mix of the most important headlines seven mornings a week.

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