BREAKING NEWS Woman injured in fireworks accident Full Story

Why Facebook's stock is plummeting

CNN's Christine Romans says Facebook's stock dive is partly due to a strategy shift where the social media giant has had to put privacy over profits.

Posted: Jul 27, 2018 8:42 AM
Updated: Jul 27, 2018 8:57 AM

Look to the skies tonight, if you live in the Eastern Hemisphere. That'll be the best place to see the longest total lunar eclipse of the century. Here's what else you need to know to Get Up to Speed and Out the Door. (You can also get "5 Things You Need to Know Today" delivered to your inbox daily. Sign up here.)

1. Russia investigation

Michael Cohen, President Donald Trump's former personal attorney, claims then-candidate Trump knew in advance about the June 2016 meeting in Trump Tower in which Russians were expected to offer his campaign dirt on Hillary Clinton, sources with knowledge tell CNN. And Cohen is willing to make that assertion to special counsel Robert Mueller. Cohen alleges he was present, along with several others, when Trump was informed of the Russians' offer by Donald Trump Jr. By Cohen's account, Trump approved going ahead with the meeting with the Russians, according to sources.

Cohen's claim would contradict repeated denials by Trump, Trump Jr., their lawyers and other administration officials who have said the President knew nothing about the Trump Tower meeting until he was approached about it in July 2017 by The New York Times. CNN's Chris Cillizza says if Cohen's telling the truth, it's the biggest step to date toward suggesting or proving collusion between Trump and the Russians. But if Cohen's bluffing or can't deliver, this Russia bombshell is much ado about nothing.

2. North Korea

The possible remains of US troops killed during the Korean War have been handed over by North Korea. A US Air Force C-17 plane flew to Wonsan, North Korea, to retrieve an initial 55 cases holding the suspected remains. The plane later landed at an air base in South Korea, where troops from the United Nations Command presented an honor guard. President Trump called the return of the remains a "great moment for so many families." Returning the remains was a commitment North Korean leader Kim Jong Un made last month when he met with Trump.

The remains will be flown to a military lab in Hawaii for DNA analysis; it could take months to determine how many service members can be ID'd. North Korea handed over the remains on the anniversary of the signing of the armistice that ended the conflict, which killed of tens of thousands of Americans.

3. Family separations

The deadline for the Trump administration to reunite immigrant families it separated at the Mexican border has come and gone. The government says it reunited 1,442 families by yesterday's deadline (including children released to other relatives or friends). But that still leaves more than 700 children in government custody. Some parents have already been deported, while others have criminal histories or declined to be reunited with their kids -- a heartbreaking choice parents often make to give their kids better opportunities. It's not entirely clear what's next for children still in US custody -- or whether the government will be punished for failing to meet the deadline.

4. Pakistan election

Imran Khan claimed victory in this week's elections in Pakistan. But all of his political rivals say the voting was rigged. Khan, a former cricket star, promised to fight corruption and build the country's economy as he works to create a "New Pakistan." Pakistan's election commission is expected to confirm the results today, but it looks like Khan's party didn't win enough seats in the legislature to hold an outright majority. If that's the case, Khan will have to cobble together a governing coalition with the same rival political parties that claim voting irregularities.

5. Facebook

Ouch. What else can you say about what happened yesterday to Facebook on Wall Street? The social media giant's shares plummeted 19%, wiping out $119 billion in market value. It was the worst day for any company in stock market history. The plunge was so deep that it knocked Mark Zuckerberg (who personally lost $16 billion) from fourth to sixth on the list of the world's richest people. Facebook's said it's going to spend a lot of money to improve safety and security on the site, which will eat into profits for a while, thus the Wall Street freak-out. But financial analysts say Facebook has structured itself to bounce back from this, so investors shouldn't panic.

TODAY'S QUOTE

BREAKFAST BROWSE

Going native

Vancouver's pulled the plug on Morgan Freeman as the voice of its public transit, opting for the soothing sounds of Seth Rogen instead.

Papa John v. Papa John's

John Schnatter is taking the pizza chain he founded to court, saying it has treated him in a "heavy-handed way" since his ouster over a racial slur.

Reading assignment

Think you finished "The Autobiography of Malcolm X?" Well, you're not done. An unpublished chapter of the book was sold to the NYC Public Library.

Rest in peace

Miyako Chiyo, the world's oldest person, has died at age 117. Chiyo lived in Japan, where it's almost no big deal for people to live past 100.

The cat's meow

Ever wonder what that special something is that drives entrepreneurs to success? A new study says it might be a parasite found in cat poop. No, really.

Taking some time

Cardi B won't be "finessing" with Bruno Mars this fall on tour. She wants to spend more time with her new baby girl.

HAPPENING LATER

Sky high

The second quarter GDP number comes out today, and it should be a good one. Economists predict it might be as high as 4.9% for the quarter. The economy's doing gangbusters right now, and CNN's Stephen Collinson says President Trump deserves some of the credit.

TOTAL RECALL

Quiz time

Jackpot! The winning Mega Millions lottery ticket was sold in California by what kind of business?

A. a supermarket

B. a gas station

C. a liquor store

D. a movie theater

Play "Total Recall: The CNN news quiz" to see if you're right. And don't forget, you can also find a version of the quiz on your Amazon devices! Just say, "Alexa, ask CNN for a quiz."

TODAY'S NUMBER

150

The number of people hurt after about 800 migrants from sub-Saharan Africa -- some wielding electric saws, shears and mallets -- stormed a border fence between Morocco and Spain and clashed with police

TODAY'S QUOTE

"We are going to leave the station because (it) is now unsafe to be here."

KRCR anchor Allison Woods, announcing during a live newscast that the station in Redding, California, was being evacuated as a wildfire approached

AND FINALLY

Easy does it

Tom Cruise makes jumping out of airplanes (or scaling skyscrapers) look so easy in the movies. James Corden finds out it's not as easy as it looks. (Click to view.)

Huntsville
Scattered Clouds
76° wxIcon
Hi: 92° Lo: 71°
Feels Like: 76°
Florence
Few Clouds
79° wxIcon
Hi: 93° Lo: 73°
Feels Like: 82°
Fayetteville
Overcast
77° wxIcon
Hi: 92° Lo: 71°
Feels Like: 78°
Decatur
Scattered Clouds
76° wxIcon
Hi: 91° Lo: 71°
Feels Like: 76°
Scottsboro
Broken Clouds
75° wxIcon
Hi: 90° Lo: 72°
Feels Like: 75°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 41362

Reported Deaths: 983
CountyConfirmedDeaths
Jefferson4802152
Montgomery3947103
Mobile3904134
Tuscaloosa218842
Marshall168010
Lee130237
Madison12717
Shelby117623
Morgan10475
Walker90524
Franklin87814
Dallas8689
Elmore86414
Baldwin8289
Etowah70713
DeKalb6945
Butler62328
Chambers61227
Tallapoosa58369
Autauga56012
Russell5190
Unassigned50323
Lauderdale4736
Limestone4660
Lowndes46321
Houston4614
Cullman4354
Pike4175
Colbert3836
Coffee3702
Bullock3679
St. Clair3472
Barbour3452
Covington3437
Escambia3326
Calhoun3225
Hale30621
Marengo30011
Talladega3007
Wilcox2898
Sumter28412
Clarke2726
Dale2680
Jackson2632
Winston2463
Monroe2312
Chilton2282
Blount2261
Pickens2226
Marion21413
Randolph2019
Conecuh1977
Choctaw19512
Bibb1861
Greene1838
Macon1819
Perry1621
Henry1313
Crenshaw1253
Lawrence1050
Washington1047
Cherokee857
Geneva780
Lamar751
Fayette671
Clay622
Coosa581
Cleburne361
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 48712

Reported Deaths: 633
CountyConfirmedDeaths
Shelby11145197
Davidson10450118
Rutherford285435
Hamilton266533
Sumner155952
Trousdale14945
Williamson122614
Knox10865
Out of TN10657
Wilson89117
Putnam8537
Robertson81511
Sevier7683
Lake6910
Bradley6623
Tipton6335
Bledsoe6181
Unassigned5811
Bedford5455
Montgomery5347
Macon4363
Maury3263
Hardeman3255
Hamblen3144
Fayette3102
Madison2802
Loudon2771
Rhea2760
Dyer2401
McMinn22718
Cheatham2251
Blount2123
Dickson2010
Cumberland1784
Lawrence1526
Washington1420
Lauderdale1393
Monroe1376
Jefferson1250
Gibson1211
Coffee1170
Anderson1162
Obion1132
Smith1111
Sullivan1082
Hardin1047
Greene952
Haywood922
Cocke900
Franklin823
Wayne820
Marshall811
Hickman800
Warren720
Marion714
White703
McNairy680
Weakley631
Lincoln610
DeKalb600
Grundy591
Overton591
Roane590
Hawkins572
Carter561
Giles561
Unicoi550
Henry450
Campbell441
Carroll441
Henderson440
Polk440
Claiborne410
Grainger400
Johnson390
Cannon360
Crockett343
Meigs330
Perry330
Sequatchie330
Chester300
Humphreys271
Jackson260
Morgan251
Stewart230
Decatur220
Fentress220
Scott180
Clay160
Union160
Houston140
Benton131
Moore120
Van Buren80
Lewis60
Pickett60
Hancock30

 

 

Community Events