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News Wrap: Stocks seesaw; Hurricane Willa threatens Mexico’s Pacific coast

Tuesday in our news wrap, another choppy day of trading on Wall Street. Stocks fell on lackluster earnings reports and steep losses overseas. Also, Hurricane Willa is making landfall on Mexico's Pacific Coast tonight, with winds diminished to around 120 miles per hour. Still, the storm is expected to pose a serious threat to Mazatlan, a popular tourist destination.

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  • Judy Woodruff:

    In the day's other news, Wall Street was whipsawed by worries over China, trade and corporate earnings. The Dow Jones industrial average was down nearly 550 points early, but pared the loss to 126 points to close at 25191. The Nasdaq ended the day following 31 points, and the S&P 500 slipped 15.

    Hurricane Willa is pushing its way on to Mexico's Pacific Coast tonight. Sustained winds have dropped to 120 miles an hour. But forecasters say the wind, waves and rain could do serious damage near Mazatlan, a popular tourist resort. The storm is nowhere near a migrant caravan in Southern Mexico.

    Migrant sailings from Africa to Europe overall have dropped this year, but crossings to Spain are up sharply. The U.N.'s Migration Agency says more than 45,000 people have reached Spain from Africa, equal to the previous three years combined. The total for all of Europe is about 95,000, and that's down sharply from this time last year.

    In Moscow, U.S. National Security Adviser John Bolton today rebuffed Russia's efforts to salvage a 1987 nuclear arms treaty. He said there's no doubt that Russia violated the terms, despite Kremlin denials, but he gave no date for formally withdrawing.

    Bolton spoke after meeting with Russia's President Vladimir Putin. He said he also told Putin that meddling in U.S. elections is counterproductive.

  • John Bolton:

    What the meddling did create was distrust and animosity within the U.S., and particularly made it almost impossible for two years for the United States and Russia to make progress diplomatically. So that's a huge loss to both countries, but particularly to Russia.

    So it's a lesson, I think: Don't mess with American elections.

  • Judy Woodruff:

    Later, President Trump said he will probably meet with Putin next month in Paris at events marking the end of World War I 100 years ago.

    Back in this country, federal investigators are looking into an apparent bomb found in a mailbox at the compound of liberal billionaire George Soros. The explosive package turned up Monday at his private compound near Bedford, New York, but it was moved away and then safely detonated. Soros has long supported liberal causes and has been the subject of increasing political criticism.

    U.S. Secretary of Commerce Wilbur Ross will not have to answer questions about his role in including a citizenship question on the 2020 census. The U.S. Supreme Court, on Monday, blocked attempts by a dozen states and cities to depose Ross. Their lawsuit says adding the citizenship question will discourage immigrants from taking part, and hurt states that tend to vote Democratic.

    The first woman on the Supreme Court, Sandra Day O'Connor, has announced that she has dementia, and is withdrawing from public life. In a letter to the court, the retired justice says — quote — "Some time ago, doctors diagnosed the beginning stages of dementia, probably Alzheimer's disease."

    O'Connor stopped speaking publicly a little over two years ago. She is 88 years old.

    Some 15,000 medical workers in California began a three-day strike today. They're demanding better pay and job security at five University of California medical centers. The strike has led to thousands of surgeries and outpatient appointments being rescheduled.

    And archaeologists working in the Black Sea say they have found the world's oldest intact shipwreck, more than 2,400 years old. The Anglo-Bulgarian research team say it's a Greek trading vessel. They say the ship's design had been seen only in murals and books until now.

  • Man:

    Shipwrecks that literally look as if they had sunk yesterday.

  • Judy Woodruff:

    The wreck — sorry about the audio there.

    The wreck was found more than a mile deep in oxygen-free conditions that prevented rot.

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