These are the headlines you Need 2 Know.
Recession Fears: Markets tumbled in the U.S. and Europe amid a new wave of fears that the global economy is slowing, in part because of the ongoing trade war. The Dow dropped 800 points to log its worst day of the year, while the S&P also lost 3 percent. The troubles began with concerning economic data from China and Germany, and spread from there. NBC News
Yield-Curve Explainer: A major economic indicator known as the yield curve “inverted” for the first time since 2007, adding to the jitters on Wall Street. An inverted yield curve means the rates on short-term bonds are higher than those on long-term bonds, and is a reliable — though not definite — predictor that a recession is coming. Cheddar explains “WTF Is a Yield Curve?”: Cheddar
Epstein Autopsy: Jeffrey Epstein sustained multiple broken bones in his neck, according to the Washington Post, citing the still-unreleased results of the autopsy. Experts say the bones that were broken can be caused by hanging — especially in older people — but are more common results of homicide by strangulation. The Washington Post
El Paso Funeral: A man whose wife was killed in the El Paso shooting didn’t have anyone to invite to her funeral — so he decided to invite everyone. Antonio Basco’s public invitation has received an outpouring of support; the funeral home says so many people are expected to show up to the Friday service that it has made plans for a larger venue. Buzzfeed News
Child Abuse Lawsuits: Lawsuits are expected to be filed across New York state in the coming days against Jeffrey Epstein, the Archdiocese of New York, the Boy Scouts, and the Jehovah’s Witnesses, among other high-profile groups and individuals. They’re all part of a new law that just went into effect intended to give victims of child sexual abuse a one-year window to sue for damages even if the statute of limitations on their cases has lapsed. The state is expecting so many lawsuits it has set aside 45 judges to deal with them. CNN
Amazon Donations: Amazon is launching a donation program for unsold or unwanted merchandise from third-party sellers. Beginning next month, unsold inventory in Amazon warehouses will be automatically donated to charity. The company has come under pressure for throwing out millions of products a year. CNBC
WeWork IPO: WeWork is planning to go public soon. The company revealed in paperwork ahead of its IPO that it lost a staggering $900 million in the first half of the year. WeWork is rebranding as the We Company as it seeks to expand from a short-term office rental service into schools, gyms, and apartments. It will be the latest in a series of tech companies going public this year despite being massively unprofitable. Recode
Yankees GM Mistaken Identity: Brian Cashman, the general manager of the New York Yankees, had a run-in with police in Darien, Connecticut who had spotted his Jeep, which had recently been stolen. The officers, who pointed guns at Cashman, apparently didn’t realize he had recovered the Jeep after it had been impounded by police. The incident was caught on police body cam footage. Watch
U.S. Women's Soccer Talks Break Down: The U.S. women’s soccer team walked out of talks Wednesday during a mediation session over their equal pay lawsuit. A spokesperson for the team said they’re “sorely disappointed” and that the USSF fully intends “to continue to compensate women players less than men.” The USSF said “the plaintiffs’ counsel took an aggressive and ultimately unproductive approach.” The women say they look forward to trial. ABC News
A$AP Rocky Guilty: A Swedish court found A$AP Rocky guilty of assault in a case that has strained relations between Stockholm and Washington for weeks. The rapper is currently in the U.S. and will not face any additional jail time. NBC News
90210-No: Brian Austin Green says he would have turned down the prospect of a normal reboot of Beverly Hills, 90210. He tells the Associated Press that 10 years of David Silver was “enough” for him. This reboot, however, is unique — with the actors playing themselves, albeit exaggerated versions. Green called the concept “amazing.” AP
Woodstock at 50: Fifty years ago today, an estimated 400,000 people flocked to a dairy farm in upstate New York for a three-day music festival that would come to represent the peak of the 1960’s hippie movement. Half a century after Woodstock, a new book includes 100 never-before-seen photos taken by one of the few professional photojournalists who documented the weekend. CNN
Cheddar's Jill Wagner and Hena Doba get into the latest.
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