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The grand mahogany table of the White House State Dining Room was set with white roses, fine china, silver platters stacked with Big Macs and pouches of fried chicken sandwiches, and bowls of extra sauce.The champion North Dakota State Bison football team was in town, and McDonald's and Chick-Fil-A were on the lunch menu."We could've had chefs, we could have, but we had fast food -- because I know you people," President Donald Trump said to laughter.He referenced the chicken sandwiches set before the podium."Chick-Fil-A, they say? Chick-Fil-A," he said.Earlier this year, the President personally 615

The Democratic National Committee sent a security alert to 2020 presidential campaigns Wednesday afternoon warning them not to use 143

The House of Representatives will vote Wednesday on significant gun control legislation for the first time in more than two decades, a move that Democrats hope will increase a pressure campaign for a vote in the Senate.The universal background check bill, H.R. 8, will come to the floor for a vote and is expected to pass with the Democratic majority. The legislation would require background checks on all firearm sales in the country. Currently, only licensed gun dealers have to perform background checks for anyone seeking to purchase a firearm. Most unlicensed sellers do not; H.R. 8 would make that illegal. There are exemptions to the law like "gifts to family members and transfers for hunting, target shooting, and self-defense," according to the House Judiciary Committee website.The bill, sponsored by a bipartisan duo of Reps. Mike Thompson, a California Democrat, and Peter King, a New York Republican, remains an outlier right now in the House since it has bipartisan support. Most of the legislation related to gun control has been sponsored by Democrats.Four other Republicans co-sponsored the bill: Brian Mast of Florida, Brian Fitzpatrick of Pennsylvania, Chris Smith of New Jersey and Fred Upton of Michigan. King told CNN on Tuesday that he may get a few more Republican colleagues to vote for the measure, but "no more than a handful."At a 25-year anniversary party for the gun control group the Brady Campaign on Tuesday evening, House Speaker Nancy Pelosi expressed confidence that the universal background checks bill would pass the House of Representatives. At the event, Pelosi also recalled her her efforts with Senate Minority Leader Chuck Schumer in the 1990s on gun control as "hard," but a "triumph that saved millions of lives.""Tomorrow we're going to send him the background check legislation," Pelosi said to her Senate colleague with a wide smile.Schumer predicted that the country is on the "precipice of great change" on the issue of gun safety."We have a Democratic House that will not flinch. We have a Senate Democratic minority that will not flinch. Most of all, we have a public who is aroused and strong."Democrats, including Pelosi, have made this a top policy priority in the new Congress, staging public hearings on the topic which had not been held for years in Congress. The legislation also has the backing of a multitude of outside groups, including the former congresswoman and gun control advocate Gabby Giffords, the Brady Campaign, Everytown for Gun Safety and Moms Demand Action.Once it passes the House, the bill will move to the Senate, where it is unlikely to pass in the Republican-majority chamber when legislation often needs 60 or more votes to advance.On Tuesday, King urged his Senate colleagues to consider the bill."I would think that they should let it come to a vote," he said, adding that the average American supports the universal background checks bill."This is not going to affect more than probably less than 1% of the American people and the ones it will affect either suffer from mental illness or are criminals. So to me, it's a phony issue being raised by some of the gun groups," he said.King understands that public opinion is on his side on this issue. 3247

The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400

The number of foreign students coming to U.S. colleges and universities continued to fall last year, according to a new report, but the Trump administration says the drop should be blamed on high tuition costs and not students’ concerns over the nation’s political atmosphere.An annual report from the Institute of International Education found that the number of newly enrolled international students dipped by 1% in fall 2018 compared to the year before. It follows decreases of 7% and 3% in the previous two years, which were the first downturns in more than a decade.The downturn is a worry for universities that have come to rely on tuition from foreign students, who are typically charged higher rates. Some schools have blamed President Donald Trump’s rhetoric against immigrants for driving students away, but officials at the State Department, which pays for the annual report, dismissed the idea.Caroline Casagrande, deputy assistant secretary for academic programs at the department’s Bureau of Educational and Cultural Affairs, said students are deterred by the high cost to attend U.S. schools. She said the downturn is tied to students who were applying to college during the Obama administration, and that the numbers appear to be rebounding under Trump.“What we’ve seen today is a dramatically better picture compared to last year’s declines,” Casagrande said during a call with reporters. “The Trump administration has dedicated more resources than ever to international student mobility.”While fewer new students are coming, the study found that more are staying for professional training after they graduate. More than 220,000 were granted permission to stay for temporary work through a federal program, an increase of about 10% over fall 2017.China continued to send more students than any other country, followed by India and South Korea and Saudi Arabia. But booming years of growth from China have leveled off. The number of overall Chinese students in the country ticked up by less than 2%, and some campuses have seen major decreases in Chinese enrollment.The number of Chinese students at the University of Alabama has decreased by 43% over the past two years, to 266, according to the university’s annual enrollment report. At the University of Iowa and at Kansas State University, Chinese enrollment fell by about a third in that span.Declines from China have been attributed to several factors. Chinese students have reported difficulty getting U.S. visas amid a trade war between the two nations. Universities in Australia and Canada have worked harder to attract Chinese students. And some scholars say concerns over academic espionage have fueled anti-China sentiment on U.S. campuses.State Department officials said that they’re working to ease tensions and encourage Chinese students to study in the U.S. The department recently sent a delegation to China to promote academic exchange, and U.S. Ambassador Terry Branstad recently wrote an op-ed in a Chinese youth publication inviting students to study at U.S. schools.“The State Department has been working hard to make sure Chinese students know they’re welcome in the United States,” Casagrande said. “We want these Chinese students here.”The report also found that far fewer students are coming from Saudi Arabia, a shift that began in 2017 after the Gulf nation scaled back a scholarship program for global study. There were also dips in students coming from South Korea, Japan and Mexico.Meanwhile, the U.S. attracted growing numbers of students from Asia, Latin America and Africa. Numbers from Brazil and Bangladesh jumped 10% last year, the report found, while Nigeria ticked up 6%. Many universities have shifted their recruiting efforts to those areas in recent years as they look to offset losses from China.“More institutions are expanding their outreach in more regions,” said Mirka Martel, the head of research, evaluation and learning at the Institute of International Education, which is based in New York. “This growth demonstrates how attractive a U.S. education is for students around the world.”The academic subjects students come to study are also starting to shift. The number of students studying business, an area that has long been a draw for Chinese students, fell by 7% last year, the report found. Meanwhile, math and computer science saw a 9% increase and surpassed business as the No. 2 subject behind engineering.While the report focuses on data from 2018, it also included early findings for this year. Among more than 500 schools surveyed, the number of newly enrolled foreign students fell by 1% again, while the number of total international students fell by about 2%.___Collin Binkley can be reached on Twitter at 4748

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