Deadly Guadalupe shooting; economic worries prompt stock selloff | Morning News Brief

A teen was shot and killed overnight in an East Valley community; stock markets react to new U.S. economic worries; and more – here's a look at some of the top stories on FOX10Phoenix.com for the morning of August 5.

1. Arizona man accused of murder once again

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Arizona man accused of murder again after county attorney's office dropped 2023 charge

An Arizona man once accused in the 2023 shooting death of 17-year-old Matthew Ballesteros is in trouble once again. Alexander Reyes is under arrest for allegedly murdering someone else's son.

2. Stock markets down amid economic worries

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Dow drops 1K points, Japanese stocks suffer worst crash since 1987

Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.

3. Deadly overnight shooting in East Valley community

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Teen dead following overnight shooting in Guadalupe

According to MCSO, deputies were initially sent to the area late Sunday night for a shooting call.

4. Mark Kelly reportedly still in Harris' running mate shortlist

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Mark Kelly: AZ Senator reportedly still on Kamala Harris' running mate list

One of Arizona's two senators is reportedly still on a shortlist of people being considered as Vice President Kamala Harris' running mate in her presidential campaign.

5. Man in custody after police situation in Phoenix

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Man in custody following overnight police situation: Phoenix PD

The suspect, according to police, was inside an industrial building, and had a gun in his possession.

Today's weather

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Arizona weather forecast: Hot day expected for the Valley

Monday could be a hot one for the Valley. Meanwhile, there is a chance for rain in other parts of the state.