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Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.The Dow plunged as much as 785 points on Thursday. The index was recently down about 400 points, or 1.3%. The S&P 500 lost 1.1%, while the Nasdaq fell 0.3%.The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce.The latest sign of tension between Washington and Beijing also sent shudders through global markets. Hong Kong's Hang Seng plunged 2.5% overnight, while European stock markets declined sharply as well. Germany's DAX nearly closed in a bear market, down nearly 20% from its January closing high.Companies like Apple (AAPL) and Boeing (BA) that have significant exposure to China fell sharply. Other trade-related stocks like Broadcom (AVGO) and Harley-Davidson (HOG) were also under pressure. Alibaba (BABA), the Chinese e-commerce giant, tumbled 3%. The Dow and S&P 500 have once again turned negative on the year. The S&P 500, down 9% in the fourth quarter, is on track for its worst quarter in seven years.The arrest of Meng -- the daughter of the founder of one of China's most important companies -- serves as a fresh reminder that the United States and China remain in a trade war, despite the ceasefire reached last weekend in Argentina. Tariffs already imposed remain in place and new ones loom if talks fail to result in a breakthrough or at least an extension within 90 days."This comes at a truly delicate time," Win Thin, global head of currency strategy at Brown Brothers Harriman, wrote to clients on Thursday. "We think this will force China to take a more aggressive and confrontational approach with the US." 1720
MARTINEZ, Calif. – Until recently, not many people had heard about Martinez, a small town east of San Francisco. That is, until a Black Lives Matter mural was vandalized.“We’re really just fighting for our black community members here in Martinez and across the country, to be able to exist in America and globally, without fear,” said Justin Gomez, a community organizer in the California town. “We weren’t surprised that it got vandalized, we were more so just shocked at how brazen it was.”Gomez just wanted to let black community members in Martinez know they mattered when he got a permit to paint a Black Lives Matter mural“I hadn’t even taken off my paint clothes,” said Tati Rae, who helped paint the mural.It was only up for a couple of hours before two people were accused of trying to vandalize it.“This is just kind of a microcosm of everything that’s happening in this country around racism and white supremacy and we got to see that play out right here in our own community,” said Gomez.Nichole Anderson and David Nelson were arrested, accused of painting over the mural. They were charged with multiple misdemeanor counts, including a hate crime charge.“When people are outraged by Black Lives Matter. That’s because they choose not to challenge themselves to understand what it means for Black Lives Matter,” said Kimya Nuru Dennis.Nuru Dennis runs 365 Diversity which teaches antiracism to school districts, corporations, hospitals and more. She believes some white people become emotional when people say Black lives matter because, “This country is founded on white dominance, and anything that challenges white dominance is silenced, threatened, even murdered.”One business had its windows boarded it up and anti-BLM messages painted on the plywood. We asked the business owner about it.“Well number one, if you know the history of this Black Lives Matter thing, it’s basically a socialist move and I really don’t care for socialism,” said Charles Martin, a business owner in Martinez.“It’s brought nothing but trouble to the town, it’s brought nothing but trouble to the United States. People have gotten killed after they put this up. So, when Floyd was buried, that’s where it should have ended,” he said.Others we talked to say racism in Martinez is real and that’s why they painted the mural.“What is political about saying Black people shouldn’t be killed for no reason?” asked Rae.“Our predominantly white population doesn’t feel like it’s an issue, but that’s because they haven’t experienced this town in the way that community members of color have," said Gomez.Recently, a Black Lives Matter mural in New York City was vandalized as well. This is nothing new for Kimya.“I want Americans to stop acting shocked by this stuff. I’m not surprised when white people think it’s a good idea to vandalize Black Lives Matter symbols. It’s a representation of what this country is founded on,” said Nuru Dennis.But for Gomez, it’s an opportunity.“I think right now this is an opportunity for our town to be a model for predominantly white, smaller communities across the country, to show we don’t get a pass just because we have a less than 4% black population. Just because we’re predominantly white and we haven’t seen these issues and the way that they play out in big cities, we all need to come together, and we need to be a part of this system of change.” 3390
MALIBU (CNS) - More evacuation orders were lifted in the Malibu area as residents expressed frustration Friday with the slow pace of repopulating evacuated areas because of road closures, and containment of the 9-day-old Woolsey Fire grew to 69 percent as the number of structures destroyed increased to more than 600.Lee O'Keefe was evacuated and stayed at her mother's home in Newport Beach and returned to Malibu after learning Thursday the evacuation order for her Corral Canyon neighborhood had been lifted, but she was still not able to return home.``I keep turning around, turning around because there's no reception on the phones,'' O'Keefe told ABC7. ``I know they're doing the best they can. Everybody is trying to keep everybody safe."``Folks are out there working diligently to make sure all the properties that were damaged and also destroyed, that there are no hot spots so that when we do repopulate you that your safety is our utmost importance,'' Los Angeles County Fire Department Battalion Chief Mike Inman said Thursday night.RELATED: Missing persons list tops 600 in Camp FireFire officials warned people returning to their homes to beware of changing fire conditions and adhere to road closures and shifting evacuation zones.``Burned out power poles, burned and damaged homes, debris-filled roadways, broken gas lines and burned guard rails pose serious safety hazards to residents attempting to return to the area,'' according to a statement from fire officials.... The Woolsey Fire is unlike any previous fire in the Santa 1559
MEXICO CITY (AP) — Authorities in northern Mexico say they have identified bodies found in a well as two missing tourists from the United States. The Baja California state prosecutor’s office said in a statement Monday that the victims were identified as retirees Ian Hirschsohn and Kathy Harvey. Their disappearances were reported to authorities Sept. 2. Meanwhile, at the southern end of the Baja Peninsula, the Baja California Sur state prosecutor’s office said that the body of 65-year-old Craig Harrison was found on the beach in Cabo Pulmo Saturday evening. An autopsy determined that he had been stabbed in the chest before ending up in the ocean. 662
LOS ANGELES, Calif. – Singer John Legend dedicated his performance at Wednesday’s Billboard Music Awards to his wife Chrissy Teigen who recently suffered pregnancy complications and lost the baby she was carrying.Before Legend began performing his song “Never Break,” Legend said, “This is for Chrissy.”In an emotional performance, Legend sang about a relationship that will never falter because it’s built on a strong foundation.“I'm not worried about us, and I've never been,” he sang.It’s been about two weeks since Teigen took to Instagram with the heartbreaking announcement that she and Legend were shocked and in deep pain after losing their child. View this post on Instagram A post shared by chrissy teigen (@chrissyteigen) on Sep 30, 2020 at 8:58pm PDT Since the announcement, Teigen has been off social media, a space where she’s made a name for herself, commenting on cultural events and sharing things about her family life.Along with the lost baby, Teigen and the current “Voice” coach have two children together, daughter Luna and son Miles. 1083