News Wrap: Market plunge wipes out 2018 financial gains

JUDY WOODRUFF: In the day’s other news: A
new stock market sell-off wiped out most of Wall Street’s gains this year. The Dow Jones industrial average lost 608
points today to close at 24583. That’s below where it was on January 1. The Nasdaq fell 329 points, and is down 10
percent from its peak, what Wall Street calls a correction. And the S&P 500 gave up 84 points. It, too, is now negative for the year. And most are blaming jitters over future corporate
profits. Saudi Arabia’s crown prince declared today
that the murder of journalist Jamal Khashoggi was a heinous crime, and he promised justice. Mohammed bin Salman addressed an investment
conference in Riyadh. It was his first statement since the Saudis
acknowledged that Khashoggi was killed at their consulate in Istanbul, Turkey. And suspicions have been raised that the prince
might have known about the plot. MOHAMMED BIN SALMAN, Saudi Arabian Crown Prince
(through translator): We know that many are trying to use this painful thing to drive
a wedge between Saudi Arabia and Turkey. This wedge will not happen. And we will prove to the world that the two
governments are cooperating to see that all perpetrators are taken to court and justice
will be seen in the end. JUDY WOODRUFF: Meanwhile, President Trump
told The Wall Street Journal that the prince, not his father, the king, is largely running
Saudi Arabia, so he bears ultimate responsibility. And Turkey’s President Erdogan vowed that
his government will not allow a cover-up. Russia’s President Vladimir Putin today warned
European nations against accepting U.S. medium-range missiles. That’s after President Trump threatened to
pull out of a 1987 treaty that banned the weapons. Putin spoke in Moscow, where he met with Italy’s
prime minister. He said Russia will target countries where
any U.S. missiles are deployed. VLADIMIR PUTIN, Russian President (through
translator): The main question is what they will do with these newly available missiles. If they deliver them to Europe, naturally,
our response will have to mirror this. The European countries which agree to this
will have to understand that they put their own territory under threat of a possible retaliatory
strike. This is obvious. JUDY WOODRUFF: Meanwhile, NATO Secretary-General
Jens Stoltenberg said the allies agree with U.S. claims that Russia has violated the existing
treaty. But Putin charged that it’s the U.S. that’s
guilty of violations. The remains of Hurricane Willa dissipated
over Northern Mexico today, as emergency workers tried to reach cut-off coastal towns. The storm made landfall last night about 50
miles southeast of Mazatlan, with sustained winds of 120 miles an hour. Officials reported the winds damaged a hospital,
blew down power lines and tore up houses. Back in this country, someone in South Carolina
woke up this morning more than $1.5 billion richer. One winning ticket was sold in the town of
Simpsonville for last night’s Mega Millions lottery jackpot. It’s the second largest ever in the U.S. The winner does have yet to come forward. And the woman who created the green bean casserole
has passed away. Dorcas Reilly worked at Campbell’s Soup corporate
kitchen, and she came up with the casserole in 1955, made of green beans, cream of mushroom
soup and crunchy fried onions. It remains the company’s most popular recipe. Some of grew up on it. Dorcas Reilly was 92 years old. Still to come on the “NewsHour”: inside three
governor’s races ahead of the upcoming midterm elections; exploring the impact of new legislation
aimed at combating the opioid crisis; why doctors are at a higher risk of suicide than
the patients they serve; plus, playwright Octavio Solis on his new memoir about growing
up along the U.S.-Mexico border.


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