Situational awareness: Stocks had their worst day since February. The Dow shed 800 points, while the NASDAQ and S&P were also down. Go deeper.
1 big thing: Hurricane Michael's devastation
A nearly Category 5 hurricane is currently pounding the Florida Panhandle.
The big picture: Hurricane Michael is a monster, and unlike Hurricane Florence, residents had minimal warning that the storm would land with such a pop.
- Hurricane Michael intensified at an extraordinarily rapid pace, Axios' Andrew Freedman notes, growing from a tropical storm on Sunday to a borderline Category 5 storm featuring one of the lowest air pressure readings ever observed in a landfalling hurricane in the U.S. by today.
- Only 2 other storms were more intense at landfall than Hurricane Michael, as measured by the minimum central air pressure. Hurricane Michael was stronger than Hurricane Katrina was at landfall in 2005, as well as 1992's Hurricane Andrew.
What we're watching: Journalists and eyewitnesses are already sharing videos of homes up to their roofs with storm surge.
- In one dramatic shot, the Weather Channel's Jim Cantore was nearly speared by a 2x4 while he was live on TV.
- Others showed trees swaying and snapping at the mercy of the wind.
The bottom line: Say a prayer for Florida, but be aware that the storm could also cause significant damage to other parts of the Southeast.
Go deeper: Our full Hurricane Michael coverage
2. What you missed
- Sarah Friar is leaving Square to become CEO of Nextdoor. Go deeper.
- Scoop: Former Energy Secretary Ernest Moniz is suspending his involvement advising Saudi Arabia until more information is made available regarding the possible assassination of Saudi journalist Jamal Khashoggi. Go deeper.
- The Virginia-based maker of Marlboro cigarettes is in talks to buy a Canadian cannabis company, according to The Globe & Mail.
- James Murdoch has emerged as the top candidate to replace Elon Musk as the chairman of Tesla, the Financial Times reports.
- AT&T will launch a new direct-to-consumer streaming service in late 2019 that will offer a collection of "WarnerMedia" (formerly Time Warner) content, the company wrote in a regulatory filing Wednesday.
- Broadcom says it's "learned of a fraudulent memo purported to be signed by the U.S. Department of Defense," calling for a review of its planned $18 billion takeover of software maker CA Technologies. Go deeper.
3. 1 teen thing
Instagram is emerging as an awful arena for teen bullying, The Atlantic's Taylor Lorenz reports.
- "Teenagers have always been cruel to one another. But Instagram provides a uniquely powerful set of tools to do so."
- "Most importantly, many interactions on the app are hidden from the watchful eyes of parents and teachers, many of whom don’t understand the platform’s intricacies."
- "Instagram is many teens’ entire social infrastructure; at its most destructive, bullying someone on there is the digital equivalent of taping mean flyers all over someone’s school, and her home, and her friends’ homes."
- "Aside from hate pages, teens say most bullying takes place over direct message, Instagram Stories, or in the comments section of friends’ photos."
- “'Instagram won’t delete a person’s account unless it’s clear bullying on their main feed,' said Hadley, a 14-year-old, 'and, like, no one is going to do that. It’s over DM and in comment sections.'”
Be smart: Parents will never fully get ahead of youthful bullying. But unless they are aware of how it's adapting to the virtual age, they won't even stand a chance.