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The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue-chip giants.The Dow fell 600 points by late afternoon, or 2.6%. The S&P 500 lost 2.6% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged about 7% so far this December.The Dow closed down 507 points for the day.And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a 20% decline from the record highs notched in late August.A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets."Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."The political noise in Washington isn't helping either. President Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets."If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.Perez added that the recent market turmoil is justified because investors are readjusting to this fact."We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue." 2247
The Sikh community is speaking out after a Sikh Canadian minister was asked to take off his turban while going through a TSA checkpoint at Detroit Metro Airport.The incident happened in April 2017. Navdeep Bains, Canada’s Minister of Innovation, Science and Economic Development, went through the TSA checkpoint once without any issues but was asked to go through additional screenings because of his turban."Once they realized my position, who I was, I was ultimately allowed to fly but for me this is an issue that speaks for discrimination and discrimination happens with many people," Bains said. The agency is now issuing a statement and the U.S. government is apologizing to Canada.TSA responded to the incident saying in part: 767
The separation of church and state has come under much scrutiny during this election season.At Zion Baptist Church in Denver, Pastor Rev. Frank Davis is encouraging members of his congregation to vote with faith.“My faith is voting what the bible says about right and wrong, about what the bible about a good neighbor,” he said.While leading a prayer service, Rev. Davis addressed issues ranging from race and religion to prophecies and politics.“America cannot be great with the division that it shares,” he said.A recent survey by the PEW Research Center shows nearly two-thirds of Americans want religious institutions to stay out of politics.Some churches, however, are still getting involved.During this presidential election, members of Zion Baptist Church are stepping outside of their house of worship and helping voters on the ground level.“As a faith-based entity, as a Christian entity, we believe that we are guided by principals that are really higher than day-to-day politics,” said Gwendolyn Mami, one of many members of Zion Baptist Church volunteering their time during this election by providing voters free rides to polling sitesVolunteers are also picking up and delivering ballots to those unable to do so for themselves.It’s a different kind of church service and comes at a time when there are questions nationally about both voter fraud and voter suppression.“This is a very strange time in which we are living,” Mami said. “There is a lot of confusion there is a lot of misinformation.”While Zion Baptist has a long history of political and social involvement in their community, Rev. Davis does not try to sway voters to match his own political views“I have never stood at this pulpit and given anyone a persuasion,” he said. “I will not do so even in this crucial election.”It's an election Rev. Davis says will impact America for eternity. 1875
The toy run in December is usually one of the big ways Children's Hospital Colorado gets donated toys. But because of COVID-19, the supply of toys is down considerably. So the hospital reached out to some riders, and Sunday, they got a special delivery to help replenish that supply.Kids at Children's Hospital know when they hear those Harley engines roar, toys are on the way."Any motorcycles coming up to the hospital, the kids plaster themselves the windows. They love to see the bikes riding up," volunteer Bob Cuculich said."That's why we do it. It's things like this that make it all worthwhile," organizer Eddie Dane said.But it's not December when this toy run usually happens."Because of COVID this year, the hospital reached out to Rocky Mountain Harley Davidson, because we're a sponsor to the toy run and have been for years," Dane said.Dozens of bikers answered the last minute call to help."They're not reusing toys. So we are are going to replenish their supply and do the best we can to get them some more toys to last them until December," Dane said.They didn't know how many bikers would show. They just knew they needed to try to help the kids."There's a huge need," Cuculich said.But the roars were there, filling up the bins, and they hope more toys can be brought. Just no stuffed animals right now."Plush toys right now, they are just too hard to keep clean, and infection control just makes it a challenge to be able to give those to the kids," Cuculich added.The bikers hope this special delivery makes the kids happy and lasts until the main ride in December. Just a little Christmas in July.KMGH's Sean Towle first reported this story. 1671
The Washington Post's executive editor condemned a robocall made during the U.S. Senate race in Alabama. "Hi, this is Bernie Bernstein," the caller says, according to The Hill. "I’m a reporter for The Washington Post calling to find out if anyone at this address is a female between the ages of 54 to 57 years old willing to make damaging remarks about candidate Roy Moore for a reward of between ,000 and ,000 dollars," says the caller. "We will not be fully investigating these claims. However, we will make a written report."The call comes after the Washington Post reported on four women accusing Republican candidate Roy Moore of pursuing them when the women were between the ages of 14 and 18. Moore was in his 30s at the time. In a later report, a fifth woman accused Moore of sexual misconduct. 835