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That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.The Dow Jones sunk nearly 800 points on Tuesday, nearly a three percent drop.The S&P 500 declined 2.5%, while the Nasdaq tumbled 3%.Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.But investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress."People are still very concerned about the trade war," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. "Financial markets are increasingly showing signs of fear of a recession."President Donald Trump did not help Wall Street's trade war worries on Tuesday. Trump said that he would "happily" sign a fair deal with China but also left open the possibility that the talks will fail."President Xi and I want this deal to happen, and it probably will," Trump tweeted. "But if not remember... I am a Tariff Man."Those words aren't likely to bolster confidence among investors already worried about the negative consequences of the trade war. Steel and aluminum tariffs have lifted raw material costs and caused disarray in supply chains. And uncertainty about trade policy makes it very difficult for companies to make investment decisions.Investors have also grown very worried in recent days about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.The gap between the 10-year and two-year Treasury yields dropped on Tuesday to the smallest since just before the Great Recession. And the less closely watched gap between three and five-year Treasury yields inverted on Monday.The tightening yield curve reflects fears about a growth slowdown and concerns about whether the Federal Reserve is raising interest rates more quickly than the economy can handle. Fed chief Jerome Powell gave a speech last week that investors interpreted as signaling the central bank could slow its rate hikes. However, there is a debate over whether Powell really was telegraphing a sudden change.Barry Bannister, head of institutional equity strategy at Stifel, predicts the Fed will pause its rate hikes because it has already made monetary policy too tight. He pointed to the slowdown in the housing market caused by higher mortgage rates."It's playing with fire to be too tight and risk an inversion because you don't know what the outcome will be," Bannister told reporters on Tuesday. "Even if the Fed pauses, they may have already done too much."A flattening yield curve and slowing economic growth hurt the profitability of banks.The financial sector was the second-worst performer in the S&P 500 on Tuesday. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece.But Suzuki cautioned that the markets could be overreacting. He pointed to strong corporate profits and the fact that the yield curve has not yet inverted."We don't see signs of an impending recession," Suzuki said. "There is a widening gap between market fear of a deterioration in the fundamentals and the actual fundamentals themselves." 3558

The Americans have chosen their President. Congratulations @JoeBiden and @KamalaHarris! We have a lot to do to overcome today’s challenges. Let's work together!— Emmanuel Macron (@EmmanuelMacron) November 7, 2020 220

TERRE HAUTE, Ind. (AP) — The United States has carried out its second federal execution this week, killing by lethal injection a Kansas man whose lawyers contended he had dementia. Wesley Ira Purkey was put to death Thursday at a prison in Terre Haute, Indiana. Purkey was convicted of kidnapping and killing a girl in Missouri and dismembering her body. He expressed remorse before his execution, saying he regretted the “pain and suffering” he caused. The victim's father says he hopes Purkey “rots in hell.” The Supreme Court cleared the way for Purkey's execution to take place just hours before. Another man, Daniel Lewis Lee, was put to death Tuesday, ending a 17-year hiatus on federal executions. Lee's execution went forward after its own late-night Supreme Court ruling allowing it to happen. 811

Ten-year-old D'Mya Newton was ecstatic when she found out she'd be able to play basketball this summer."She was in the garage all day just putting up shots," said Brittney English, D'Mya's mom.However, after playing several games in mid-June in a suburb of Kansas City, she began to feel sick."Once we took her to the hospital, they gave her an IV of saline solution and Motrin," English said.Her mom said Newton has some health issues, and wanted to take her to the hospital as her fever rose.Days later, doctors told English her daughter tested positive for COVID-19.41 Action News spoke with English over Zoom as the family is in quarantine. She said she believes her daughter got the virus from the KC Premiere Basketball tournament."She was feeling fine before we attended the basketball game on Sunday," English said. "She is the one that is always cleaning her hands, washing her hands and using the hand sanitizer."The Platte County Health Department said it alerted families that had close contact with the player who tested positive. The department also said it worked with the tournament director to conduct contact tracing.The director said four teams were alerted within hours of knowing about the positive COVID-19 case.Doctors said it is dangerous when parents send their kids back to the court."They are absolutely putting their kids at risk. You have to weigh the risk versus the benefit. The benefit is up to the parent and up to the kid," said Dr. Simon Clark, an emergency physician at Overland Park Regional. "Of course they want to get back to action and sports. The risk is definitely there."A question many parents have is if they should let their kids play or keep them at home."I can't really advise whether or not it's a good idea. I think the risk is there. I kind of have to defer to the local health department's experts. I can just say the risk is there," Clark said.D'Mya's mom wants parents to take extra precautions when letting kids go back to playing their favorite sport."Just looking at the signs when they come home. If they are tired, if they are fatigued or anything like that, just be aware," English said.D'Mya lives in Wyandotte County, Kansas. The health department there said it was also taking community precautions."I can tell you that public health officials have conducted contact tracing with any close contacts of the person who initially developed symptoms and tested positive, and have been in touch with the team directors/coaches to advise their players on self-quarantine procedures and monitoring for symptoms," said Janell Friesen, spokesperson for the Wyandotte County Health Department.Several health departments around the area said they are not seeing COVID-19 outbreaks in children from playing sports.In Johnson County, a few Shawnee Mission East athletes tested positive for the virus last week.A spokesperson with the school said they have no information that would indicate that their diagnoses were related to playing sports at the school.KC Premiere has listed the precautions being taken due to COVID-19 on its website.This story originally reported by Jordan Betts on kshb.com. 3158

Thanks to an eagle-eyed sergeant from @NYPDTransit, this suspect has been apprehended and charged. https://t.co/cKtkgzc3vU— NYPD NEWS (@NYPDnews) November 14, 2020 171