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The Dow Jones Industrial Average closed down more than 800 points on Tuesday ¡ª a day after the Dow dropped more than 1,000 points in the biggest single-day loss of 2020.The Dow finished Tuesday down 878 points, marking the fourth-largest one-day drop in the market's history. Fears about the worldwide spread of COVID-19, better known as coronavirus, have prompted a slowdown in global markets. The CDC compounded fears of the spread of the disease Tuesday when it said that Americans need to prepare for "significant disruptions" to their daily lives."Ultimately we expect we will see community spread in this country," CDC Director of Immunization and Respiratory Diseases Dr. Nancy Messonier. said. "It¡¯s not so much a question of if this will happen anymore, but rather more a question of exactly when this will happen and how many people in this country will have severe illness."The two-day drop has wiped out all year-to-date gains the Dow has made since the new year began.The loss also comes hours after President Donald Trump attempted to assuage fears of a global economic slowdown. Speaking at a press conference in India, Trump claimed that his administration would prevent the spread of the virus. "I think it's going to be under control and it's going to work out fine," Trump said. 1309

The Federal Reserve on Wednesday cut interest rates for the second time since July as concerns grow about a potential global slowdown.Officials also left the door open for 184

The family that owns well-known consumer brands like Krispy Kreme doughnuts, Keurig Dr. Pepper and Panera Bread say their Nazi ancestors used slave labor during World War II.The Reimann family, which owns the controlling stake in JAB Holdings and is reportedly one of the richest families in Germany, will donate €10 million, or million, to a yet-undisclosed charity after a three-year investigation that it commissioned discovered details of their ancestors' behavior.A family spokesperson said Albert Reimann Sr., who died in 1954, and Albert Reimann Jr., who died in 1984, used Russian civilian prisoners and French prisoners of war as forced labor in their factories during the war, and that they were anti-Semites and avowed supporters of Adolf Hitler.The investigation also found that Reimann Sr. donated to Hitler's paramilitary SS force as early as 1931.Investigators also found a letter from Reimann Jr. to a local mayor complaining that the French prisoners of war weren't working hard enough and should be in prison."Reimann Senior and Reimann Junior were guilty. The two businessmen have passed away, but they actually belonged in prison," said Peter Haft, the chairman and one of the managing partners of JAB Holdings, in an interview with German publication Bild. "We were ashamed and white as sheets. There is nothing to gloss over. These crimes are disgusting." A family spokesperson confirmed the quote to CNN Business.The family expects to publish a book next year that will detail the ties.JAB Holdings, which is based in Luxembourg, also owns Peet's Coffee, Pret A Manger, Einstein's Bagels and Coty.The company acquired most of its best-known brands within the last several years. It took a stake in Coty in the early 1990s, and is the beauty company's largest shareholder. 1810

The North Carolina Board of Elections voted unanimously on Thursday in favor of holding a new election in Congressional District 9 after an investigation into election irregularities.Mark Harris, the Republican leading in the contested 9th District race, said Thursday a new election should be called. He told a state board Thursday he does not condone the activities that have come to light after testimony this week and he feels that the public's confidence in the process is shaken.Harris' call on Thursday was a dramatic reversal from his previous stance that the election board should certify the results of the election, in which unofficial tallies have Harris winning 905 more votes than his Democratic opponent.Harris had 742

TARRANT COUNTY, Texas ¨C A 7-year-old Texas boy temporarily living in a domestic violence shelter with his mom wrote a letter to Santa, the shelter shared, with a heartfelt plea for presents and something money can't buy.The boy asked Santa for chapter books, a dictionary, a compass and a watch -- but perhaps the biggest ask from the man in red was for a "very very very good dad."His mom found a handwritten letter in his backpack a few weeks ago and she shared it with SafeHaven of Tarrant County staff, a shelter for domestic violence victims in Fort Worth, Texas, its president and CEO Kathryn Jacob told CNN.SafeHaven shared the 647

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