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Wall Street's latest trade war freakout didn't last long.Stocked plummeted early Wednesday after trade tensions escalated between China and the United States. China announced plans for a 25% tariff on billion a year worth of American exports, including plans, cars, soybeans and chemicals.The Dow opened down more than 500 points. But the market erased those losses by early afternoon. 397

WASHINGTON — President Donald Trump is going to keep people in suspense about how he'll respond to the election. The Republican president is refusing to publicly commit to accepting the results in November. Trump made a similar threat weeks before the 2016 vote. Trump told Chris Wallace on Fox News Channel this weekend it's too early to make such an ironclad guarantee and scoffed at polls showing him lagging behind Democrat Joe Biden. The Biden campaign says the American people will decide the election and the government “is perfectly capable of escorting trespassers out of the White House.” Trump also is hammering the Pentagon brass for favoring renaming bases that honor Confederate military leaders.During the interview with Wallace, the president also reiterated there will not be a nationwide mask mandate. He said he is "a believer in masks," but the decision to require face coverings is up to the states to decide. 939

WASHINGTON — President Donald Trump says the Food and Drug Administration has issued an emergency use authorization for convalescent plasma to treat COVID-19 patients.WATCH PRESS CONFERENCE:Trump, announcing the decision Sunday at the White House, called convalescent plasma a “powerful therapy.” He says the FDA’s action will expand access to the treatment, which is already being used. The treatment involves transferring antibodies from recovered COVID-19 patients to patients suffering from the disease.On Sunday, Trump said the administration have provided million to fund the Mayo Clinic study that studied the efficiency in patients that have the virus."Through this study, over 100,000 Americans have already enrolled to receive this treatment, and it is proven to reduce mortality by 35%," Trump said. "It's a tremendous number. The FDA, M.I.T., Harvard, and Mount Sinai Hospital have also found convalescent plasma to be a very effective method of fighting this horrible disease. Based on the science and the data, the FDA has made the independent determination that the treatment is safe and very effective."Trump also announced the administration provided up to 0 million to the American Red Cross and America's blood centers to support the collection of up to 360,000 units of plasma.Department of Health and Human Services Secretary Alex Azar said that patients with the virus who were treated within three days of being diagnoses benefited the most from the treatment."We saw about a 35% under survival in the patients who benefited most from the treatment, who were patients under 80 and not on artificial respiration," Azar said.The announcement follows days of suggestions by White House officials of politically motivated delays by the FDA in approving a vaccine and treatments for the disease caused by the coronavirus.Trump made the announcement on the eve of the Republican National Convention that will nominate him to run against Democrat Joe Biden. 1988

WASHINGTON — After months of on-again, and off-again negotiations, a bipartisan economic stimulus deal appears to be on the horizon. While nothing is official, optimism swept Capitol Hill Wednesday that something could be passed by the end of the week. The bill would not only provide economic relief but also keep the government open through 2021. Funding for the federal government officially runs out Friday night at midnight. STIMULUS CHECKS INCLUDED The biggest news is that stimulus checks appear to be included in the bill. While nothing is confirmed, Republican Senator John Thune of South Dakota told reporters that the checks would be around 0-0 per person, which is about half as much as last time. Whether or not you are eligible for a stimulus check will likely depend on your income, just like last time. WHEN COULD YOU GET IT? If Congress is able to pass a bill by Friday night, checks could theoretically be deposited into millions of accounts by New Year's Eve. That's because unlike last time, the IRS has already built the computer program to distribute checks and staffers have experience. This is what Treasury Secretary Steven Mnuchin said back in August about how quickly he could send out the checks. "I can have them out immediately," Mnuchin said. "If I could get that passed tomorrow. I could start printing them the following week," Mnuchin told reporters at the White House in August. "I can get out 50 million payments immediately," Mnuchin added. Just like last time, if the federal government does not have your bank information on file, debit cards and paper checks would likely take several more weeks. 1651

WASHINGTON — The Senate intelligence committee has concluded the Kremlin launched an aggressive effort to interfere in the 2016 presidential contest on behalf of Donald Trump and says the Trump campaign’s interactions with Russian intelligence services during the campaign posed a “grave” counterintelligence threat. It says Trump associates were eager to exploit the Kremlin’s aid, particularly by maximizing the impact of the disclosure of Democratic emails that were hacked by Russian military intelligence officers.The report from the Republican-led panel lays out significant contacts between Trump associates and Russians, describing for instance a close professional relationship between Trump campaign chairman Paul Manafort and Konstantin Kilimnik, whom the committee describes without equivocation as a Russian intelligence officer."The Committee found that Manafort's presence on the Campaign and proximity to Trump created opportunities for Russian intelligence services to exert influence over, and acquire confidential information on, the Trump campaign," according to the report released Tuesday.The report notes how Manafort shared internal Trump campaign polling data with Kilimnik and says there is “some evidence” that Kilimnik may have been connected to the Kremlin’s operation to hack and leak Democratic emails, though it does not describe that evidence. In addition, the report says that “two pieces of information” raise the possibility of Manafort’s potential connection to those operations, but what follows next in the document is blacked out.Both men were charged in special counsel Robert Mueller’s Russia investigation, but neither was accused of any tie to the hacking.The report purposely does not come to a final conclusion about whether there is enough evidence that Trump’s campaign coordinated or colluded with Russia to sway the election to him and away from Democrat Hillary Clinton. That leaves its findings open to partisan interpretation. But the report says interference in the election is indisputable. 2053

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