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The Dow Jones Industrial Average is on quite a roller coaster ride. After the Dow Jones had its largest single-day drop in its history on Thursday, the index recovered in a big way on Monday, setting a single-day record for gains. The Dow closed on Monday up 1,293 points. The previous largest one-day rise in the Dow was on Dec. 26, 2018, when the Dow jumped 1,086 points. Although the Dow had a good day on Monday, it was not enough to erase the worst week the Dow has had since the financial crisis of 2008. The Dow lost nearly 4,000 points, or 15% of its value, last week. 589
The California Public Utilities Commission voted Wednesday to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires.The decision came after hearing from the public on the many hardships the blackouts caused for residents.The state's largest utility, Pacific Gas & Electric Co., initiated multiple rounds of shut-offs and plunged nearly 2-point-5 million people into darkness throughout northern and central California.Some of the outages lasted for several days.PG&E officials insisted on the shut-offs for public safety, but infuriated residents and a parade of public officials.Southern California Edison and San Diego Gas and Electric also shut off power but to far fewer people.The outages raised concerns about whether the utilities properly balanced the need to provide reliable service with public safety and were properly planned and executed.CPUC President Marybel Batjer ordered the investigation last month and the five-member commission gave its approval given the public frustration.The outages were astonishing for a state that is one of the economic powerhouses in the world.People made frantic dashes for cash and gas as businesses watched their goods spoil.Some elderly and disabled people were trapped in their apartments with elevators out of service.PG&E initiated five rounds of blackouts, with the smallest affecting about 30,000 people and the largest affecting nearly 2.5 million.Residents in San Francisco suburbs and in Northern California wine country were without power for days.Bill Johnson, CEO of Pacific Gas & Electric, said the outages were the right call and kept people safe, although a transmission line in Sonoma County that was not powered off malfunctioned minutes before a wildfire erupted last month, forcing about 180 thousand people to evacuate.The company is in bankruptcy and faces 30 billion dollars in liabilities after its equipment was found to have started several deadly wildfires in 2017 and 2018, including the year-old Camp Fire that killed 85 in Paradise. 2142

The Justice Department wrote a letter to former Robert Mueller on Monday about his upcoming congressional hearing, telling the former special counsel his testimony must adhere to the 448-page report he issued earlier this year.The testimony, the letter stated, "must remain within the boundaries of your public report because matters within the scope of your investigation were covered by executive privilege."The letter, signed by Associate Deputy Attorney General Bradley Weinsheimer, reiterates that Attorney General William Barr said the decision to testify is Mueller's. 587
The bulk of Barry’s wrath hasn’t even made it onto land yet but the storm has already left tens of thousands without power, knocked down trees and flooded some low-lying coastal areas."Rainfall remains the primary hazard, we are still looking at 10 to 15 inches of rain, with the possibility of isolated higher amounts," Louisiana Gov. John Bel Edwards said.In Plaquemines Parish, Louisiana, about 25 miles south of New Orleans, a small levee was breached and led to acres and acres of flooded farm field. But it's not the fields that's the concern. There's a highway that runs nearby. And if this floodwater overflows the highway, it could strand anyone who didn’t evacuate."So the people of southern Plaquemines need to know, they will be stuck down there," said Louisiana Lt. Gov. Billy Nungesser.Nungesser, the former parish president, said the breach has already created problems for farmers."We just rescued cattle out of this pasture, " Nungesser said. "Got them out before they drowned. And those cattlemen are now rescuing other cattle north and south of here."With rainfall forecasts having improving slightly, the lieutenant governor worries less about the Mississippi River topping levees. But given the large amounts of rain, no one should let their guard down— even after the storm."We saw it after Katrina, the storm was well past and then the levees, the flooding came after," Nungesser said. "The skies were sunshining when New Orleans was flooding from Katrina."In New Orleans, local officials are urging a similar message."And although you may not have seen rainfall as we’ve been discussing, it is coming our way," New Orleans Mayor LaToya Cantrell said. "So please continue to listen and act accordingly." 1738
The House of Representatives voted on Wednesday to hold Attorney General William Barr and Commerce Secretary Wilbur Ross in criminal contempt over a dispute related to the Trump administration's efforts to add a citizenship 236
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