Luke Vargas

More than 800,000 Americans are currently without power, according to PowerOutage.us, with Tennessee and Mississippi especially hard hit.

The harsh weather has also forced major oil and natural gas-producing regions to shut up shop, further stressing grids.

According to JPMorgan analysts, about a quarter million barrels of daily crude production has been lost due to closures in Oklahoma and parts of Texas.

Travelers are also bearing the brunt of the storm, with tens of thousands of flights canceled yesterday and more than 4,000 canceled so far today.

And gold has surged past $5,000 for the first time ever, adding to its historic rally.

Political uncertainty regarding Greenland and Venezuela, coupled with President Trump's latest threat of 100% tariffs on Canada, is pushing safe havens like gold and silver to new highs.

Asian stocks have end of the day mostly lower.

European stocks are mixed in midday trading.

And U.S.

stock futures opened slightly lower ahead of a busy earnings week.

And we've got a lot more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

Minneapolis reels after federal agents kill another U.S.

citizen.

We'll get reaction from around the country, plus the rest of the day's news, including a massive scandal at the very top of China's military leadership.

It's Monday, January 26th.

I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today.

President Trump says his administration is investigating the killing of intensive care nurse Alex Preddy by federal agents in Minneapolis over the weekend.

Speaking to the Journal yesterday, Trump repeatedly declined to say whether the officer who shot Preddy had acted appropriately, though he also criticized Preddy for carrying a gun during protest activity, calling his 9mm semi-automatic handgun, quote, "...very dangerous and unpredictable."

Those comments come after the Department of Homeland Security alleged that Preddy violently resisted officers trying to disarm him, leading them to fire, quote, defensive shots.