TODAY'S TALKING POINTS 08-25-15

TODAY'S TALKING POINTS

The Dow Jones Industrial Average experienced one of its biggest intraday swings ever. After plummeting a record 1,089 points just after Monday’s opening bell, the U.S. market started to rebound by early afternoon but still closed with a loss of 588 points. The sharp dip, likely sparked by fears around China’s market meltdown, was the largest upset since 2008.

While global markets recovered, China's stocks weren't looking so great Tuesday, and the country made a move to cut the interest rate for the fifth time since November to boost the economy. Here’s everything you need to know about the crash, especially if you own stock in Apple, Facebook or Netflix.

North and South Korea cooled it on the war threats. The two countriesagreed to de-escalate after North Korea said it “regrets” that the South’s soldiers were injured by their land mines; in return, South Korea stopped blaring propaganda broadcasts.

A Ferguson, Missouri, judge is withdrawing all arrest warrants before 2015. In a move that Judge Donald McCullin said was “aimed at restoring confidence in the system,” close to 10,000 old arrest warrants will be withdrawn and defendants will be given new court dates and the opportunity to pay fines or complete community service. The sweeping changes come after a U.S. Justice Department investigation cited racial profiling by local police as an issue that needs serious fixing.

Turns out Jared Fogle’s charity didn’t issue a single grant. A USA Todayinvestigation found that the former Subway spokesman, instead of distributing $2 million to fight childhood obesity in schools as promised, spent an average of $73,000 annually over a four-year period beginning in 2009. The foundation’s executive director, Russ Taylor, reportedly received about $44,000 per year, and the rest of the money is unaccounted for.