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Global markets process yesterday's Fed-fueled sell-off.

Plus, the DOJ sues CVS over its alleged role in contributing to the opioid crisis,

and Democrats criticize Republicans for reneging on a government funding bill after Donald Trump blasts the deal.

An agreement is an agreement. It was bipartisan, and there was nothing more to say.

It's Thursday, December 19th. I'm Luke Vargas for the Wall Street Journal, and here is the

AM edition of What's News. The top headlines and business stories moving your world today.

Let's begin with a check-in on markets,

a day after a Wall Street sell-off that saw the Dow, S&P 500, and NASDAQ,

all slide by more than 2% after the Fed signaled it would be more cautious

with interest rate cuts next year. That forecast hasn't just ended next year's interest rate

party before it even started. It's threatening a U.S. stock rally that was shaping up to top last

years and is sending ripples across global markets today as well. Well, here to help me

take stock of the situation, I'm joined by Journal Finance Editor, Alex Frankos. Alex, what do you make

of what we witnessed yesterday? The Dow had seen nine consecutive days of declines going into the Fed's

announcement, in part because of a sense, right, that the pace of rate cuts might slow next year.

But when we finally got confirmation of that from Chair Jerome Powell, apparently that

...