IRS urges tax filing ASAP, world's biggest telescope reaches final destination, and more top news

It was a wild day on Wall Street, in which stocks sold off dramatically just to reverse course shortly before the closing bell rang.

US stocks opened in the red as investors worried about the Federal Reserve's plans to hike interest rates, tensions in Ukraine, earnings season and — of course — inflation.

At the low point of the session, the market was on track for its worst day since October 2020, with the Dow down more than 1,000 points.

But with just minutes to go in the trading session, the major indexes reversed course and turned green. The Dow finished 0.3%, or 99 points, higher.

The S&P 500, the broadest measure of the US equities market, also ended up 0.3%. During the session, the index had been on track to fall into correction. But it wasn't meant to be, at least not on Monday: Last week, it logged its worst week since March 2020.

The Nasdaq Composite, which entered correction territory last week, closed up 0.6%.

Each day last week, stocks fared worse in the final hour of trading, which tends to be a bad sign for the next day, said TD Ameritrade chief market strategist JJ Kinahan.

"After a tough start for stocks in 2022, investors are looking for reasons to expect a rebound," said Jeff Buchbinder, equity strategist for LPL Financial, in emailed comments.

"After more than doubling off the pandemic lows in March 2020, without anything more than a 5% pullback in 2021, stocks probably needed a break," he added. "That doesn't, however, make this dip feel much more comfortable."

A lot to digest

Investors also have a lot on their plate this week.

Earnings season has moved on to Big Tech, including Microsoft, IBM, Intel and Apple, which report results this week.

Then there's the Fed meeting, concluding with Wednesday's policy statement and subsequent press conference. As of Monday morning, market expectations for this week are that the central bank will keep interest rates near zero for a little longer, according to the CME FedWatch tool. But for the next meeting, which isn't until March, expectations of a quarter-percentage-point rate hike were near 90% Monday afternoon.

Expectations are only part of the game. The Fed could also conclude that inflation has run too hot at the end of 2021 and crank up rates more — or sooner.

Treasury yields, which track interest rate expectations, were off last week's highs Monday but inched higher in the late afternoon. The 10-year bond yielded 1.76% around the time of the close after climbing past 1.8% for the first time since before the pandemic last week.

While the Fed is trying to get inflation down by normalizing its pandemic-era policies, the US economy is grappling with the fallout from the Omicron variant. America's private sector output growth slowed in January as the highly infectious variant put more pressure on the already-battered supply chain and existing labor shortage, according to the IHS Markit flash composite purchasing managers' index.

Making matters worse, investors are anxiously watching the situation in Ukraine as fears mount that the country could be invaded by Russia.

The news that the United States and United Kingdom are withdrawing some staff from the local embassies isn't exactly breeding confidence the situation will resolve quickly and European stock markets are sharply lower as well.

Commodities markets are feeling the pressure of the rising tensions and analysts believe oil prices could soar if the situation escalated. On Monday afternoon, however, US oil prices settled down 2.1% at $83.31 per barrel.

— CNN Business' Julia Horowitz contributed to this report.

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Evan Rachel Wood powerfully speaks out about the abuse she says she experienced in a new documentary.

"Phoenix Rising -- Part I: Don't Fall" premiered over the weekend at the Sundance Film Festival. In the film, Wood details her alleged abuse by her ex-fiance, Marilyn Manson.

Wood began working on the project before she publicly named Manson for the first time last year in an Instagram post, stating he "horrifically abused" her for years.

Manson, whose real name is Brian Warner, has previously denied Wood's claims. He also issued the following statement to the filmmakers through his attorney.

"[Warner] vehemently denies any and all claims of sexual assault or abuse of anyone. These lurid claims against my client have three things in common -- they are all false, alleged to have taken place more than a decade ago and part of a coordinated attack by former partners and associates of Mr. Warner who have weaponized the otherwise mundane details of his personal life and their consensual relationships into fabricated horror stories."

Wood and Manson first met when she was 18 and he was 38. They got engaged in 2010, but ended their relationship a few months later.

Wood testified in front of Congress in 2018 about surviving sexual assault to advocate for other survivors.

The film, directed by Amy Berg, will premiere in two parts on HBO later this year.

(HBO and CNN are both part of WarnerMedia.)

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Burkina Faso's army said it took control of the country on Monday, deposing President Roch Kabore, dissolving the government and parliament, suspending the constitution and shuttering its borders.

The coup was announced on state television by Captain Sidsore Kader Ouedraogo, who said the military had seized power in response to the "ongoing degradation of the security situation" in the country and the "incapacity of the government" to unite the population.

Sitting alongside him dressed in military fatigues and a red beret was Lieutenant Colonel Paul-Henri Damiba, a senior military officer who was introduced to the people of Burkina Faso as their new leader.

Damiba was promoted in December by Kabore to commander of the country's third military region, which is responsible for security in the capital Ouagadougou, according to Reuters. He studied at a military academy in Paris, and recently authored a book titled "West African Armies and Terrorism: Uncertain Responses?"

There was no mention made in the televised statement about Kabore's whereabouts. The president has not been seen in public since fighting broke out on Sunday around the presidential palace in Ouagadougou.

One of the coup leaders told CNN that Kabore was detained early Monday by soldiers that had taken control of a military base before storming the palace grounds and firing shots near the president's home. The same source said that Kabore signed his resignation and is being kept in a "safe place" in the West African country.

But Kabore's exact location remains unknown; on Monday afternoon, a message was posted from his Twitter account asking those involved in the insurrection to lower their arms.

"Our nation is going through difficult times," the tweet said. "We must in this precise moment, preserve our democratic achievements. I invite those who took arms to lower them in the superior interest of the nation. It is through dialogue and listening that we must resolve our contradictions."

The United Nations Secretary-General António Guterres is concerned about the whereabouts of President Kabore and is following developments in Burkina Faso closely, his spokesman Stephane Dujarric said in a Monday statement.

Pictures from Ouagadougou on Monday showed armed vehicles and soldiers parked outside the headquarters of the state broadcaster, Radio Télévision du Burkina (RTB).

Plans for the military coup have been underway since August, hatched in encrypted messaging apps and countless secret meetings held outside the capital, one of the coup leaders told CNN, adding that the soldiers are angry at the government's handling of jihadist attacks in the country, and believe Burkina Faso is better off under military rule right now.

Civilians gathered on the streets honking car horns and cheering in support of the military following Monday's announcement.

"People are fleeing their homes and people are dying everywhere because of terrorism. The situation is not solved. If the army takes the lead I think things will go back to normal," said Oumar Junior Bahoro, who was protesting in downtown Ouagadougou.

The Economic Community for West Africa States (ECOWAS) posted a statement on Facebook Monday saying it was watching "with great concern the political and security situation in Burkina Faso, following an attempted coup d'état."

ECOWAS demanded that the "soldiers return to the barracks, maintain a Republican situation and favor dialogue with the authorities to resolve problems," adding that it held the military responsible for Kabore's wellbeing

On Monday, the French embassy in Burkina Faso posted a message on its website warning its citizens in the country that the situation "remains rather confusing."

"In the wait for a clarification, we recommend that you avoid non-essential movements during the day and do not go out at night," the message said.

Two Air France flights scheduled for Monday evening were also canceled, according to the embassy.

'Mounting dissatisfaction'

Burkina Faso has been wracked with violence linked to the Islamic State and al Qaeda that has killed thousands and displaced 1.5 million people, according to UNHCR. The military has been hard hit; last month at least 50 security forces were killed in the Sahel.

Anger has been mounting across the country for weeks. The coup comes one day after a protest in the capital demanding the president's resignation.

"This coup attempt isn't coming out of nowhere. It's building on mounting dissatisfaction within the population and security forces with the government's handling of the security crisis," said Constantin Gouvy, a Burkina Faso researcher who works for the Netherlands-based Clingendael Institute. Kabore has championed a military-first approach since being first elected in 2015 and it's not been successful, he said.

Reuters reported that sustained gunfire rang out from military camps in the West African country on Sunday, as soldiers demanded more support for their fight against Islamist militants.

Protesters came out to support the mutineers on Sunday and ransacked the headquarters of Kaboré's political party, according to the news agency.

The government declared a curfew until further notice and closed schools for two days.

The turmoil in Burkina Faso comes after successful military putsches over the past 18 months in its West African neighbors Mali and Guinea, where the army removed President Alpha Conde last September.

West Africa, which until recently appeared to have shed its reputation as Africa's "coup belt," remains susceptible to unrest.

The military also took over in Chad last year after President Idriss Deby died on the battlefield there.

Burkina Faso is one of the poorest countries in West Africa -- despite being a gold producer.

Its army has suffered heavy losses at the hands of Islamist militants, who control swathes of the country and have forced residents in those areas to abide by their harsh version of Islamic law, Reuters reports.

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President Joe Biden was heard calling a reporter from the Fox channel a "stupid son of a b*tch" on a hot microphone following a White House event Monday afternoon.

The President's profane remark came as reporters were shouting questions while exiting the East Room following a White House Competition Council meeting on efforts to lower prices.

Fox White House Correspondent Peter Doocy asked Biden, "Would you take a question on inflation? Do you think inflation is a political liability in the midterms?"

"It's a great asset -- more inflation," Biden deadpanned. "What a stupid son of a b*tch."

This is a breaking story and will be updated.

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As many as 8,500 US troops have been put on heightened alert for a possible deployment to Eastern Europe as Russian troops mass on Ukraine's border, Pentagon spokesman John Kirby said Monday.

US Secretary of Defense Lloyd Austin issued the prepare to deploy orders at the direction of President Joe Biden, the latest step the US has taken to prepare for a potential Russian invasion of Ukraine that officials have warned could be imminent.

Kirby said that the "bulk of" US troops placed on heightened alert were intended to bolster NATO's quick response force, but added they would be "postured to be ready for any other contingencies as well."

As of Monday afternoon, no final decision to deploy the troops had been made, Kirby emphasized.

"The United States has taken steps to heighten the readiness of its forces at home and abroad, so they are prepared to respond to a range of contingencies, including support to the NATO response force if it is activated," Kirby said. He noted the NATO Response Force "comprises around 40,000 multinational troops."

Earlier on Monday CNN reported the Biden administration was in in the final stages of identifying specific military units it wants to send to Eastern Europe, according to multiple US and defense officials.

Biden discussed options for bolstering US troop levels in the Baltics and Eastern Europe with his top military officials during a briefing at Camp David on Saturday, according to a senior official.

The goal of sending military reinforcements to Eastern Europe would be to provide deterrence and to reassure allies, and there's been no suggestion US combat troops would deploy to Ukraine or take part in any combat roles. Kirby noted the US does have military advisers in Ukraine.

Kirby would not say where the US troops might deploy, but said the US has "made it clear to the Eastern flank allies that we're prepared to bolster their capabilities if they need it."

"In the event of NATO's activation of the NRF or a deteriorating security environment, the United States would be in a position to rapidly deploy additional brigade combat teams, logistics, medical, aviation, intelligence, surveillance and reconnaissance, transportation and additional capabilities into Europe," Kirby said.

The news comes amid US warnings that a potential Russian invasion of Ukraine could be imminent. The State Department on Sunday reduced staffing at the US embassy in Kyiv, Ukraine, with the departure of nonessential staff and family members out of "an abundance of caution."

Biden holds calls with European leaders

Biden held an 80-minute secure video call with European leaders on Monday afternoon, which the White House said was part of the administration's consultation and coordination with European allies in response to Russia's military buildup.

Biden told reporters at the White House there was "total unanimity" with European leaders on the call. "I had a very, very, very good meeting," Biden said.

A White House readout of the call said the leaders discussed "preparations to impose massive consequences and severe economic costs on Russia for such actions as well as to reinforce security on NATO's eastern flank."

Following the virtual meeting with the leaders of the US, France, Germany, Italy, Poland, the United Kingdom and the European Union, NATO Secretary General Jens Stoltenberg said, "We agree that any further aggression by Russia against Ukraine will have severe costs."

Biden and his national security team have been refining military plans "for all scenarios," including the option of sending troops to Eastern Europe ahead of a potential Russian invasion of Ukraine, the White House said Monday.

White House press secretary Jen Psaki said a decision to increase US troops could come ahead of Russian forces moving across the Ukrainian border, but said such a move did not amount to a shift in Biden's thinking.

"We have never ruled out the option of providing additional assistance in advance of an invasion. Those discussions have been ongoing," she said.

Last week, Biden said during a news conference, "We're going to actually increase troop presence in Poland, in Romania, et cetera, if in fact he moves."

But Psaki said Biden had never ruled out sending additional US troops before an invasion. "That's been part of our contingency planning," she said.

The US sent two weapons shipments to Ukraine over the past week as part of recently directed security assistance to help bolster Ukraine's military. NATO countries are also sending additional ships and fighter jets to Eastern Europe and putting forces on standby, NATO Secretary General Jens Stoltenberg said in a statement Monday.

"NATO will continue to take all necessary measures to protect and defend all Allies, including by reinforcing the eastern part of the Alliance," Stoltenberg said.

US, UK reduce embassy staffing in Kyiv

The Ukrainian Defense Ministry's latest intelligence assessment found that Russia has now deployed more than 127,000 troops in the region, while US officials have said Russia is in a position to launch an invasion at any time.

Ukrainian President Volodymyr Zelensky said in a video address Monday that Ukrainian citizens have "no reason to panic" as authorities are "working for the full de-escalation of the situation" in eastern Ukraine.

US officials still don't know what Russian President Vladimir Putin plans to do, or if he has decided to invade Ukraine. But some officials who have seen the intelligence say there is evidence Russia is planning to try to take Kyiv and overthrow the government, as CNN has previously reported.

The UK foreign office said in a statement on Saturday that it has information the Russian government is planning to "install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Kirby said Monday that Russia continues to add "battalion tactical groups" to the border with Ukraine and in Belarus. "They have not only shown no signs of de-escalating, but they are in fact adding more force capability," he said.

Moscow denies it is planning to invade, accusing the US and NATO of escalating tensions over their support for Ukraine. The Kremlin on Monday dismissed the reports about plans to install a pro-Russian leader in Ukraine as "hysteria.

"Tensions are escalating due to concrete actions taken by the US and NATO," Kremlin spokesman Dmitry Peskov said. "I mean, the informational hysteria that we are witnessing. It is generously framed by a huge amount of false information, just lies and fakes."

State Department officials told reporters Sunday that the decision to reduce staffing at the embassy was not due to any change in threat levels to US personnel in the country. The officials said the move to reduce embassy personnel and urge Americans in the country to leave was in part because State Department assistance would be "severely impacted" if there is Russian military action in Ukraine.

In addition to the US reducing staffing at its embassy in Kyiv, the UK Foreign Office also announced Monday that some British Embassy staff and dependents were being withdrawn in response to growing threats from Russia.

The US is continuing to engage diplomatically with Russia, but recent talks have failed to bring about any breakthroughs. Russia has said that the US and NATO must commit to never admitting Ukraine into NATO and pull back military deployments from Eastern European counties, including Romania and Bulgaria. The US has said repeatedly these demands are a non-starter, though Secretary of State Antony Blinken said last week the US would respond in writing to Moscow's demands following his meeting with Russian Foreign Minister Sergey Lavrov.

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By age 22, Jason Rivera had already made profound contributions to New York -- and on Friday night, he gave his life trying to protect it.

Growing up in Manhattan as part of an immigrant family, the young officer had joined the New York Police Department with a goal of bettering the relationship between officers and the community -- all inspired by his own family's difficult encounter with police.

On Friday night, Rivera was gunned down while responding to a domestic disturbance call. Another officer was left critically wounded.

The nation's largest city is now grieving the loss of a young man who "exuded" positivity, his high school English teacher, Anthony Voulgarides, told CNN.

"He was self-aware, mature beyond his years," Voulgarides said.

A painful memory leads to inspiration

Rivera joined the NYPD's police academy in November 2020. He described how a difficult family encounter with police, followed by changes in community policing, inspired him to become "part of the men in blue."

"Growing up in Inwood, Manhattan, the community's relationship between the police and the community was not great," Rivera wrote to his commanding officer in an undated letter obtained by CNN.

"I remember one day when I witnessed my brother being stopped and frisked. I asked myself, why are we being pulled over if we're in a taxi? I was too young to know that during that time, the NYPD was pulling over and frisking people at a high rate. My perspective on police and the way they police really bothered me," Rivera wrote. The NYPD's controversial policy ended in 2014 after criticism from community leaders and advocates that the practice disproportionately targeted people of color.

"As time went on, I saw NYPD pushing hard on changing the relationship between the police and the community. This was when I realized I wanted to be part of the men in blue; better the relationship between the community and the police," Rivera wrote. As soon as he applied, Rivera said he "knew this was the career for me."

"Coming from an immigrant family, I will be the first to say that I am a member of the NYPD, the greatest police force in the world," Rivera wrote.

As a New York native, Rivera said he knew how "impactful" being an officer could be in such a "chaotic city."

"I know that something as small as helping a tourist with directions, or helping a couple resolve an issue, will put a smile on someone's face."

'Why wouldn't I work hard when I have everything I need to be successful?'

When Rivera was 17, he wrote an essay for a college application that Voulgarides found so powerful, the teacher saved a copy of it.

Voulgarides read part of that 2016 essay to CNN on Monday.

"Sometimes I sit in my room alone and think to myself that life is not easy. Sometimes you're thrown a ball and you have to learn how to dodge that ball. You either stay hurt from the ball thrown at you, or work hard and heal again. That is my mentality," Rivera wrote.

"I'm very blessed to be the person I am today. You see, I have two legs to walk, two eyes to see and two hands to touch. I have an education in which I don't have to take a dime out of my pockets. I work. My parents work. My brother is finishing college. Why wouldn't I work hard when I have everything I need to be successful?"

That essay epitomized Rivera's maturity and optimism, Voulgarides said.

"It speaks for itself, but Jason was the kind of person who was literally appreciative, grateful for everything he had," Voulgarides said.

He said Rivera "cared so much about others, appreciated what he had and just exuded this positivity that was such a force in our community."

'You gotta put in 100% effort'

As a high school senior, Rivera was passionate about sharing his optimism and inspiring his community.

In 2017, Rivera filmed a motivational speech for younger students at New York's Washington Heights Expeditionary Learning School -- part of an assignment for seniors to offer advice to freshman students, Assistant Principal Marelyn Pichardo said.

"When I was a freshman, I didn't have no one to motivate me. I want to motivate you," Rivera says in the video.

"Hear my voice and know: you're gonna get through it. You gotta put in the work, you gotta put in 100% effort. And you know what? If it takes some time after school, you know, so be it. Because you've gotta do it," he says.

"I'm gonna end it with just saying, you know what -- you can do it. I did it. All my fellow classmates did it. You definitely can do it, all right? So stay strong, do good in your schools, and trust me, you'll be finished soon. It goes by like that. All right? Peace."

"Jason had a huge, warm smile and a personality to match," the school said in an Instagram post.

"Jason was an exemplary member of our school community, who embodied our core values and lived a life that was dedicated to improving our community. Thank you for your service and sacrifice Jason."

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Jeff Franklin, Hollywood producer and creator of the hit ABC sitcom "Full House," has put his sprawling Beverly Hills mansion on the market for $85 million.

Known as the Cielo Estate, the 21,000-square-foot Andalusian-inspired property boasts nine bedrooms and 18 bathrooms. The resort-style grounds feature a 75-yard pool with a trio of waterfalls, two hot tubs, a 35-foot water slide, swim-up bar, grotto, koi pond and a lazy river, the real estate agent's listing states.

While the listing says the estate, near the secluded neighborhood of Benedict Canyon, showcases "unparalleled luxury in the most desirable zip code in the world," it makes no mention of the property's sad history.

Built in 1996, the Cielo Estate occupies the plot previously known as 10050 Cielo Drive, where five of the Manson Family cult's most notorious murders took place.

In 1969, actress Sharon Tate, teenager Steven Parent, Folger coffee heiress Abigail Folger, aspiring writer Wojciech Frykowski and hairstylist Jay Sebring were killed by three members of the cult, who had broken into the property, which was owned by Tate and her film director husband, Roman Polanski.

The murders took place both inside and outside the plot's original, smaller house, which was demolished in 1994.

Franklin, whose other credits include "Hangin' with Mr. Cooper" and "Malcolm & Eddie," paid just over $6 million when he bought the unfinished property two decades ago, the Wall Street Journal reports. The 66-year-old star upgraded it significantly with the help of architect Richard Landry.

The Inglewood-born screenwriter told the publication that the connection to the Manson murders was "irrelevant" and "ancient history," adding: "It's had absolutely no impact on my life whatsoever."

The Cielo Estate sale is being handled by brothers Josh and Matt Altman, who are best known for appearing in Bravo! show "Million Dollar Listing Los Angeles."

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    MILWAUKEE (WDJT) -- A horrific discovery on Milwaukee's north side. Six people were found dead inside a home near 21st and Wright on Sunday, Jan. 23, and police are calling it a homicide investigation.

Police on Monday, Jan. 24, said the victims -- five men and one woman -- appeared to have died by gunfire.

"The motive and the information regarding any involved suspects is not known to us right now," said Assistant Chief Paul Formolo, with the Milwaukee Police Department.

District three police officers were called by concerned residents to do a welfare check when the victims were found.

Right now, the victim's names and relations to each other are unknown.

Autopsies are underway Monday.

Anyone with information is urged to contact the Milwaukee Police Department at (414) 935-7360 or to remain anonymous, contact Crime Stoppers at (414) 224-Tips or P3 Tips App.

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