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The jittery stock market is once again heading south.The Dow dropped 327 points, or 1.3%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conferencein Saudi Arabia. The index had been down 471 points at one point.Tech stocks fell sharply, sending the Nasdaq tumbling 2.1%. Netflix declined 5%, while Facebook and Amazon lost about 3% apiece.Stock market volatility is back on Wall Street. Fears about rising bond yields and the US-China trade war sparked heavy selling last week, the worst for all three major indexes since March. Stocks rebounded sharply on Tuesday, before another wobbly session on Wednesday. The CNN Business Fear & Greed Index of market sentiment is flashing "extreme fear."The market slide gathered steam on Thursday after Mnuchin announced on Twitter that he will not participate in the Saudi summit. Mnuchin said it was a joint decision with President Donald Trump and Secretary of State Mike Pompeo. An administration official told CNN that no other government officials will attend the event in Mnuchin's place.The news adds to rising global uncertainties, including concerns about Italy's budget and a plunge in China's stock market.David Kotok, chief investment of Cumberland Advisers, said he believes Thursday's market slide was driven more by concerns about Italy and China."But Mnuchin doesn't help things," said Kotok.Mnuchin's announcement points to elevated tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi.Saudi Arabia has threatened to retaliate against potential US sanctions. The kingdom is the world's largest oil exporter, giving it great sway over global energy prices. US oil prices briefly bounced on the Mnuchin news but closed lower on the day.Saudi Arabia has also played a huge role financing the rise of Silicon Valley, serving as the tech industry's unofficial banker.But the market has also been pressured by other international developments. Even before Mnuchin's tweet, analysts pointed out that Italian bond yields spiked due to concerns about Italy's budget proposal. The European Union plans to send a formal warning letter to Rome to signal displeasure over plans to increase Italy's budget deficit, Reuters reported.Chinese markets were also under pressure. The Shanghai Composite plunged nearly 3% overnight, falling deeper into a bear market as the US-China trade war continues to linger.US investors continue to move money out of the riskiest parts of the market and into defensive areas. While tech stocks fell sharply, defensive areas such as utilities and telecom rose slightly."There is a rotation away from the tech and momentum names," Kotok said. "One has to ask: Has FANG been defanged?" 2868

The original Oktoberfest can be traced back to the early 19th century in Munich, Germany.Since then, cities across the United States celebrate the festival of German heritage.WalletHub compared the 100 largest U.S. cities based on 23 indicators of Oktoberfest friendliness and fun, and chances are, you can find one of these celebrations near you.In San Diego County, two areas are ready to say "provst!" 412

The Mississippi Senate moved one step closer Tuesday to passing a law that would prevent women from getting abortions after they are 15 weeks pregnant. If the law passes, it would be the earliest abortion limit measured in weeks of pregnancy to become law in the US.The Senate passed a version of House Bill 1510, known as the gestational age act, with minor changes regarding the penalty to providers who break the law. In its current form, doctors would lose their license to practice medicine and face civil penalties. The bill was sent back to the House for another vote, which is considered procedural. If this version passes the House vote, the bill would move to the governor's desk.Mississippi Gov. Phil Bryant will sign the bill into law if it reaches his desk, his spokesperson told CNN.After the bill's vote, Bryant tweeted, "As I have repeatedly said, I want Mississippi to be the safest place in America for an unborn child. House Bill 1510 will help us achieve that goal."Lt. Gov. Tate Reeves said in a statement, "Mississippians are committed to protecting the lives of unborn children, and this law will be a major step in accomplishing that goal."Mississippi currently prohibits an abortion after 20 weeks of pregnancy unless "the woman's life is endangered, her physical health is severely compromised or there is a lethal fetal anomaly," according to the Guttmacher Institute.In all, 24 states have laws that ban abortions after a designated duration of pregnancy. Seventeen states, including Mississippi, ban abortions at about 20 weeks post-fertilization, according to Guttmacher.Planned Parenthood Director of State Policy Media, Danielle Wells, said she believes the law is unconstitutional. She cited a similar law in Arkansas that banned abortions at 12 weeks of pregnancy if a heartbeat was detected, which was struck down by a federal appeals court."Already, far too many women cannot access safe, legal abortions in Mississippi because of existing barriers and restrictions. If this measure passes, it would make a bad situation even worse for women," Wells told CNN.The bill was held on a procedural motion before returning to the House. The next House vote on the bill has not been scheduled yet. 2254

The Louisville police detective that Kentucky Attorney General Daniel Cameron said appeared to have fired the fatal shot at Breonna Taylor back in March is reportedly seeking ,000 through an online fundraiser so he can retire.According to the Louisville Courier-Journal, Det. Myles Cosgrove, one of three Louisville police officers who shot into Taylor's apartment, is seeking funds on the crowdfunding site GiveSendGo.Cosgrove's attorney, Jarrod Beck, confirmed to CNN that Cosgrove's family members set up the page.According to the fundraiser's description, the page was set up to ensure Cosgrove can "purchase the remainder of his service time so that he can retire.""Myles’ reputation has been completely dismantled and the psychological trauma is something that he will have to cope with for the rest of his life," the fundraiser description reads. "Every day, the threats seem more legitimate and scarier; his family has been doxed and harassed, while the threats remain unrelenting. Although Myles may never feel completely safe again, if you can help us reach our goal, we can at least get him on a path to security and allow him to focus on his main objective: the safety of his family."The fundraiser's goal was set to ,000 and, as of Thursday afternoon, had raised over ,000.A grand jury announced Monday that Cosgrove and Jonathan Mattingly were "justified" in using lethal force because they were fired upon first. 1444

The NCAA has announced Wednesday a series of major changes to college basketball in the hopes of eliminating corruption in the sport.The NCAA will now allow undergraduate students to participate in the NBA draft and return to school if they are not selected. Previously, players were allowed to attend the NBA combine but needed to withdraw 10 days prior to the draft in order to retain eligibility."Elite" high school prospects will now be permitted to be represented by an agent certified by the NCAA. According to CBS, USA Basketball will be tasked with choosing which prospects are considered "elite."The NCAA also announced major changes to the recruiting calendar, which the association hopes will allow recruits to attend more showcase events put on by high schools. Currently, apparel companies put on some of the most prestigious recruiting events.Finally, the NCAA will hold university presidents and chancellors personally accountable for their own athletics programs. The league declined to specify how the presidents and chancellors would be punished for the actions of their athletic departments.  1134

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