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Wall Street does not like the mixed messages coming out of the White House on trade.The Dow fell 600 points, or 2.4%, on Friday afternoon. The Nasdaq plunged 3%, while the S&P 500 retreated 2.4%.The Dow closed for the day down 588 points.Stocks had been trading higher earlier Friday, but the market turned sharply lower following conflicting messages coming out of the Trump administration about trade.While White House economic adviser Larry Kudlow sounded an optimistic note about China talks on CNBC, trade adviser Peter Navarro was simultaneously warning on CNN of higher tariffs if issues aren't resolved during the 90-day negotiating period."We've gotten a hodge-podge of mixed messages from people in the same administration," said Art Hogan, chief market strategist at B. Riley FBR. "We're not sure who we're supposed to listen to."Investors also received a softer jobs report on Friday. The Labor Department said the United States?added 155,000 jobs in November, missing expectations for a gain of 200,000. But the labor news did not trigger a selloff and some traders likely figured the slowdown in hiring will reduce pressure on the Federal Reserve to raise interest rates.Worries about the negative consequences of the trade war and hopes for progress have launched Wall Street on a wild ride of late. The US-China ceasefire sent stocks soaring on Monday. But doubts about the truce helped knock the Dow nearly 800 points into the red on Tuesday. And then the Dow plunged 785 points on Thursday before staging a huge comeback."It doesn't feel like much of a ceasefire," said Ed Yardeni, president of investment advisory Yardeni Research. 1697
Walmart and Target are being sued for allegedly selling toys with lead levels up to 10 times more than the federal limit of 100 parts per million, New York Attorney General Barbara D. Underwood announced on Thursday. According to a statement released by Underwood's office, the AG's office was able to find Cra-Z-Jewelz jewelry-making kits from stores. The kits allegedly contained lead at levels of 120 to 980 parts per million. The Attorney General's office had further independent testing done to confirm the results. The toy's maker, LaRose Industries, which is also a plaintiff in the New York lawsuit, issued a national recall. Underwood's office is accusing Walmart, Target and LaRose of "repeated illegality and fraud under New York State law by committing thousands of violations of state law prohibitions on importing, distributing, and selling hazardous toys; deceiving consumers; and false advertising."Underwood's office is seeking civil penalties of to ,000 for each Cra-Z-Jewelz kit the companies sought to sell in the state.“No parent should have to worry that their child’s toy may be toxic. As we allege, these companies imported and sold toys with dangerous levels of toxic lead – jeopardizing the health of New York’s children and breaking the law,” Underwood said in a statement. “Our lawsuit seeks to hold these companies accountable for the failures that allowed lead-contaminated toys on store shelves, while forcing them to take responsibility for the safety of the products they sell.”The suit also seeks to force the companies to adhere to higher quality control standards to prevent toys with high lead levels from being purchased. The CDC says that lead in children's blood has been shown to affect IQ, ability to pay attention, and academic achievement. The CDC added that children under the age of 6 years old are at most risk of lead poisoning. 1936
VISTA, Calif. (KGTV) — Two people were arrested this week after a pursuit took authorities from Valley Center into unincorporated Escondido.San Diego Sheriff's Department says the pursuit began just after 9 p.m. near State route 76 near Pala Mission Rd. after a deputy spotted a stolen truck. When the deputy tried to pull the truck over, the deputy says the drier sped off.The chase reached speeds of 90 miles per hour and lasted about 30 minutes, with deputies from Fallbrook and San Marcos assisting in the chase.A spike strip was used and put an end to the chase near the Mountain Meadows community of unincorporated Escondido, the department said.After hitting the curb, the driver put the truck in reverse and rammed into a Sheriff's patrol car, deputies say.No deputies were hurt.The female driver and male passenger of the truck, identified as Sally Arrellanes and Roy James Duncan, were arrested and charged with felony evading, assault with a deadly weapon likely to result in great bodily injury, vehicle theft, conspiracy to commit crime and possession of a stolen vehicle. 1093
WASHINGTON — A policing overhaul may have collapsed in Congress, but House Democrats are returning Thursday to Washington for a daylong debate on their package of law enforcement changes. It has almost zero chance of becoming law. President Donald Trump's administration says he would veto it. Instead, Democrats are giving a signal to voters seeking a response to the global outcry over the killing of George Floyd and other Black Americans. House Speaker Nancy Pelosi has summoned lawmakers who have been working from home during the COVID-19 crisis to the Capitol for a day that will almost certainly resonate with symbolism. The vote is set for Thursday evening.The House vote will come a day after a Republican-backed police reform bill failed in the Senate. 771
VISTA, Calif. (KGTV) - A six-year-old Vista boy said he was approached by an unknown man in a car Monday night who asked him if he wanted pizza.Erika Bristow said her son was playing on their driveway when the man drove up and tried to get the boy’s attention.“He definitely realized immediately it wasn’t a safe situation,” Bristow said of her son, who ran inside to tell them about it.Her son has special needs and is normally very friendly, according to Bristow. So over the past year, she and her husband have been reinforcing the “stranger danger” lesson. Earlier this week they said the topic was even addressed during their son’s karate class.After his son told them about what happened, Craig Bristow said he ran out to the driveway to look for the car. He said he saw it up the street parked behind some trees before the driver sped back down the road.He said he caught a look at the car and the driver but was too distracted to take down the license plate.“All those thoughts are coming through your mind. It’s like a parent's worst nightmare,” he said.They called the sheriff’s Ddepartment, which sent out patrols, but they could not locate the car. The Bristows described the vehicle as a new, white Honda Civic hatchback with roof racks and a sunroof.The family said they did not get any pictures of the car and so far have not heard from any of their neighbors if the car was captured on surveillance cameras.Erika Bristow said the incident has shattered her sense of safety on their winding, quiet street in Vista.“One hour I’ll just cry. It’s anger. It’s rage. Earlier today, I wanted to punch a wall, I wanted to scream,” she said.Anyone with information is urged to contact the San Diego County Sheriff's Department. 1742