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The NewsWorthy

Stock Market Meltdown, Flood Warnings & Google's Big Defeat- Tuesday, August 6, 2024

The NewsWorthy

Erica Mandy

News, Daily News, Society & Culture

4.71.3K Ratings

🗓️ 6 August 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

The news to know for Tuesday, August 6, 2024!

We're telling you about a wild day on Wall Street, what caused it, and what's expected to happen next.

Also, Vice President Harris is set to announce her new running mate today. Reports say it's down to two candidates.

Plus, we'll update you on the damage done by Hurricane Debby, a judge's ruling that could have ripple effects across the internet, and Miss USA's hope of moving past a year of controversy with a historic new winner. 

Those stories and more news to know in about 10 minutes!

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Transcript

Click on a timestamp to play from that location

0:00.0

Today is Tuesday, August 6th.

0:01.7

We'll tell you about a wild day on Wall Street,

0:04.1

what caused it, and what's expected to happen next.

0:06.9

Also, Vice President Harris is expected to announce

0:09.6

her new running mate today.

0:10.8

Reports say it's down to two candidates.

0:13.2

Plus, we'll update you on the damage done by Hurricane Debbie

0:16.1

and where it's headed now.

0:17.5

A judge's ruling that's expected to have ripple effects

0:20.0

across the internet, and Miss USA's hope

0:22.4

of moving past a year of controversy with the historic new

0:25.5

winner. Those stories and more news to know next.

0:28.2

Welcome, welcome to the newsworthy. All the day's news in about 10 minutes. Fast, fair, fun, and on the go.

0:36.5

I'm Lacey Evans, filling in for Erica Mandy today. Thanks so much for being here. You ready? Let's do this.

0:48.0

Wall Street is working to recover from a major meltdown. Stocks yesterday suffered their biggest drop in nearly two years.

0:52.0

All three major indexes fell more than 2.5%.

0:55.3

Really, the sell-off started last week,

0:57.2

after Friday's US jobs report showed slower hiring,

1:00.8

with unemployment rising to its highest level in nearly two years.

1:04.4

With that, it seems investors worried the world's largest economy could be slowing

1:08.9

and that the Federal Reserve may have waited too long to cut interest rates.

1:13.0

That said, there are other market strategists

...

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