Photo by Spencer Platt/Getty Images
Stocks had a tumultuous ride on Thursday, with the Dow Jones Industrial average falling 761 points before recovering to close down just 79 points.
What happened: U.S. markets initially followed a global sell-off that was sparked by the arrest of Huawei CFO Meng Wanzho, but then settled and raced to the close after a Wall Street Journal report that the Fed may become even more tentative on interest rate hikes.
Illustration: Aïda Amer/Axios
President Trump finally acted on his now year-old threat to take action against social media platforms for alleged bias against conservatives. But so far, according to experts in both government and the industry, the threat looks mostly empty.
Driving the news: Trump escalated his war on Twitter Friday morning, tweeting repeatedly that the company needs to be regulated after it overnight added a warning label to a tweet of his calling for the military to start shooting looters, which violated Twitter’s rules against glorifying violence.
The Third Police Precinct burns in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images
Demonstrators demanding justice burned a Minneapolis police station and took control of the streets around it last night, heaving wood onto the flames, kicking down poles with surveillance cameras and torching surrounding stores.
What's happening: The crowd was protesting the death of George Floyd, an unarmed black man whose life was snuffed out Tuesday by a white Minneapolis police officer who kneeled on his neck for about eight minutes.
Minneapolis Mayor Jacob Frey fired back at President Trump on Friday, after the president accused the mayor of weak leadership amid violence sparked by the killing of an unarmed black man by a white police officer.
Driving the news: Trump made his accusations in a pair of tweets early Friday, saying he would bring the national guard into Minneapolis if Frey couldn't “bring the City under control.”