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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

TEHRAN, Iran – Iran's judiciary says arrests have been made over the shootdown of a Ukrainian plane that killed all 176 people on board. A judiciary spokesman says that “extensive investigations have taken place and some individuals are arrested.” He was quoted by Iranian state media on Tuesday, but did not say how many individuals have been detained or name them. Earlier in the day, Iranian President Hassan Rouhani called for a special court to be set up to try those responsible for the plane shootdown. 521

The mad scramble between Thanksgiving and Christmas just got six days shorter.Black Friday once again kicks off the start of the holiday shopping season. But with six fewer days than last year, it will be the shortest season since 2013 because Thanksgiving fell on the fourth Thursday in November — the latest possible date it could be. That means customers will have less time to shop and retailers will have less time to woo them.Adobe Analytics predicts a loss of billion in online revenue from a shortened season. Still, it expects online sales will reach 3.7 billion, up 14.1% from last year’s holiday seasonThe National Retail Federation, the nation’s largest retail trade group, baked the shorter season into its forecast, but it says the real drivers will be the job market. It forecasts that holiday sales will rise between 3.8% and 4.2%, an increase from the disappointing 2.1% growth seen in the November and December 2018 period that came well short of the group’s prediction.Last year’s holiday sales were hurt by turmoil over the White House trade policy with China and a delay in data collection by nearly a month because of a government shutdown. This year’s holiday forecast is above the average holiday sales growth of 3.7% over the previous five years.NRF expects online and other non-store sales, which are included in the total, to increase between 11% and 14%, for the holiday period.Black Friday is expected to once again be the largest shopping day of the season, followed by the last Saturday before Christmas, according to MasterCard SpendingPulse, which tracks spending across all types of payments including cash and check. Thanksgiving Day isn’t even on the top 10 holiday shopping days, according to MasterCard.The 2019 holiday season will be a good measure of the U.S. economy’s health. Many retail CEOs describe their customers has financially healthy, citing moderate wage growth and an unemployment rate hovering near a 50-year low.“The overall picture is positive,” said Craig Johnson, president of Customer Growth Partners, a retail consultancy. “People are spending out of positive cash flow as opposed to borrowing.”Economic growth has moderated since earlier this year, with growth at just 1.9% in the July-September quarter, down from 3.1% in the first three months of the year. Analysts blame at least part of that on the U.S.-China trade war, which has forced many companies to delay plans to invest and expand.That’s left consumers as the main drivers. So far, Americans have kept up their spending, allaying fears of a recession.With more holiday deals happening earlier to compensate for the late start, many have already started to shop. More than half of consumers have already started their holiday shopping and nearly a quarter of purchases have already been made, according to the annual survey released by the NRF and Prosper Insights & Analytics. The survey of 7,917 adult consumers was conducted Oct. 31 through Nov. 6.“This is further evidence that the holiday season has grown far beyond the period between Thanksgiving and Christmas,” said Matthew Shay, president and CEO of NRF, in a statement. 3173

The city of Paradise, California is literally being rebuilt from ashes.“November 8th is a day nobody around here will ever forget,” said Rick Carhart, of Cal FIRE Butte County. “The first time I drove through Paradise my impression was It looked more like a bomb went off or a war zone than a fire went through.”The small city in northern California saw the state's biggest and most deadly wildfire ever.Carhart says it cost more than million to fight this inferno, which was named the Camp Fire.“There are still a lot of raw emotions and feelings even among our firefighters,” he said.After firefighters put out the last flames, the Camp Fire had claimed 86 lives and destroyed more than 13,000 houses, including the home of the town mayor. “It’s a sick feeling,” said Paradise Mayor Jody Jones of losing her house to the fire.Jones is one of many that are now building new houses in Paradise. “It’s an arduous process to rebuild,” she said. “We’re really pioneers. We’re building a whole entire town from scratch.”Despite tens of millions of dollars coming in from state and federal funding, some in this town still don’t have enough money to rebuild. “Before, we used to play it month by month,” said Jonathan Valdez, a longtime Paradise resident, who lost his house in the fire. “Now we play it day by day.” Valdez is now living in an RV and paying 0 a month in gas to keep generators running for electricity.“At times its rough,” he said. “But you got to make the best of it.”Fueled by high winds and dry conditions, the Camp Fire spread fast, burning down areas the size of football fields in just a few moments.At Paradise High School, students, staff and the community are starting the healing process through sports.More than 5,000 people came out to watch the Bobcats play their first game since the fire. A number Paradise High School head coach Rick Prinz says is an amazing for this town that lost 90 percent of its 26,000 residents.“Although many people have left and had to live somewhere else,” Prinz said. “It says a lot that so many would come back and participate in that one event.”From football season to now a new fire season, the people of Paradise are moving on as painful as it may be.“I’m 91 years old,” said Paradise local Ramona Balken. “To start over at 91 is not very much fun.”Balken lost everything she owned in the Camp Fire and she didn’t have renter’s insurance. Despite not being compensated for her losses, Balken still supports how her elected officials are handling this disaster.“They’re doing everything they can,” she said. “This is a good town. We have good people here.” 2633

The Dow Jones Industrial Average closed the week on a sour note, giving back some of the gains it had made on three straight days in the green.The Dow closed down 915 points — a 4 percent loss — its first drop since Monday. However, the markets remained up for the week, the first week-over-week gain since February.The day of losses came despite the House passage of a .2 trillion stimulus package that the Trump administration hopes can boost the economy amid an economic slowdown caused by the coronavirus. President Donald Trump is expected to sign the bill into law this afternoon. 600