| 10 things you need to know today | | | | | 2.Dow makes second 1,000-point plunge of the week | The Dow Jones industrial average plunged by 1,033 points on Thursday, its second four-digit drop this week. The 4.1 percent drop, along with Monday's 1,175-point dive, erased the blue-chip index's 2018 gains. The Monday and Thursday declines were the Dow's only two 1,000-plus-point one-day losses ever. The S&P 500 fell by 3.75 percent Thursday as investors worried rising economic growth and wages will push the Federal Reserve to speed up interest rate hikes to stem rising inflation. The losses left the S&P 10 percent below its January high, the official threshold of a market correction. President Trump, who had claimed credit for recent stock gains, said investors who sell now are making a "big mistake." Global stocks sank Friday; U.S. stock futures rose. [The Hill, The New York Times] | | 3.Pyeongchang Winter Olympics opening ceremony spotlights historic North Korean visit | The Pyeongchang Winter Olympics officially kicked off Friday, with fans braving extreme cold to attend the opening ceremony. North Korea and South Korea were marching under one flag, setting aside recently rising tensions for what Seoul is billing as Games dedicated to peace. North Korean leader Kim Jong Un's sister and close confidant, Kim Yo Jong, shook hands with South Korean President Moon Jae-in during the ceremony, starting a three-day visit that is the first to the South by a member of the North's ruling family since the Korean War. Just before the opening ceremony, the North's senior statesman, 90-year-old Kim Yong Nam, attended a dinner hosted by Moon that was also attended by Vice President Mike Pence, on hand to counter North Korea's charm offensive. [The Associated Press, NBC News] | | | | | 7.California lawmaker and #MeToo advocate faces her own harassment investigation | California Assemblywoman Cristina Garcia (D), a high-profile #MeToo movement advocate, is under investigation herself after a former legislative staffer said she sexually harassed him at an Assembly softball game in 2014. Daniel Fierro, now operating a political communications firm, said Garcia cornered him, appearing intoxicated, and stroked his back, squeezed his buttocks, and tried to grab his crotch. A prominent lobbyist told Politico under condition of anonymity that Garcia tried to grope him at a 2017 fundraiser. Garcia said Thursday that the allegations "have never been brought to my attention until today," and that she had "zero recollection of engaging in inappropriate behavior and such behavior is inconsistent with my values." The Assembly has hired an outside firm to investigate and Garcia promised full cooperation. [Politico, The Sacramento Bee] | | | 9.Family says Weinstein scandal publicity led to Hollywood producer's suicide | Jill Messick, a veteran studio executive, producer, and former manager of Rose McGowan, committed suicide after being caught in a high-profile feud between McGowan and Harvey Weinstein, her family confirmed Thursday. She was 50. In a blistering statement, Messick's family said she had struggled with depression for years and was "broken" by being associated in news reports with McGowan's allegation that Weinstein raped her. Last month, Weinstein's team used a quote from Messick to support his claim that his contact with McGowan was consensual. "Seeing her name in headlines again and again, as part of one person's attempt to gain more attention for her personal cause, along with Harvey's desperate attempt to vindicate himself, was devastating for her," the family said. [The Wrap] | | | | | MOST POPULAR | | | CAPTURED: A PHOTO BLOG | Lauren Hansen | | | | | Is this email not displaying correctly? View it in your browser. Unsubscribe from this list | Update subscription preferences | Privacy Policy © 2015 THE WEEK PUBLICATIONS, INC. ALL RIGHTS RESERVED. THE WEEK ® IS A REGISTERED TRADEMARK OWNED BY FELIX DENNIS. | | |
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