The Dow Jones Industrial Average tumbled more than 1,000 points Monday as stock markets worldwide dropped over fears of a downturn in the U.S. economy. CBS News contributor J.D. Durkin breaks down the latest numbers. Source

Tropical Storm Debby slammed Florida’s Big Bend coast as it sweeps toward the East. Heavy rains, flooding and travel delays are still affecting thousands. CBS News’ Tom Hanson reports from Horseshoe Beach, and CBS News Bay Area meteorologist Jessica Burch looks at the storm’s expected path toward Georgia and South Carolina. Source

The U.N. says it has fired nine staff members from UNRWA, its agency for Palestinian refugees, after an internal investigation found they may have been involved in the Hamas-led Oct. 7 attack against Israel. Source

Hurricanes are bringing more rain than ever, thanks to climate change, making even Category 1 storms more dangerous. Source

There are multiple reasons why a mortgage refinance could be valuable now. Here’s what homeowners should know. Source

Nvidia accused of pressure tactics on customers to unfairly retain dominance in AI chip market, technology news site The Information reported. Source

“I didn’t even think that I would make it this far,” Suni Lee told CBS News. Source

Hurricane Debby makes landfall in Florida; Simone Biles earns silver, Jordan Chiles earns bronze in floor exercise Source

“Today marks the beginning of an exciting new chapter as we write the future of CBS News and Stations,” said Wendy McMahon​, president and CEO of CBS News and Stations and CBS Media Ventures. Source

The latest jobs report and slowed consumer spending are among the factors contributing to fears of a recession. CBS News business analyst Jill Schlesinger breaks down what to know as global markets react. Source