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The United States Secret Service said on Monday that following an investigation that closed several streets near the White House due to a suspicious package left in the area of Pennsylvania Avenue and Lafayette Park, the package was deemed "safe."The Secret Service said at 5:40 p.m. ET that H Street NW between 15th and 17th, Pennsylvania Ave between 15th and 17th, and the White house North Fence Line are closed.By 6:10 p.m., the Secret Service allowed streets near the White House to reopen after deeming the package as safe. 592
The Wall Street roller coaster started to climb again.The Dow closed up 401 points, or 1.6%, on Thursday. The broader S&P 500 gained 1.9% and the Nasdaq surged 3%, its best day since March. Stocks bounced back after a sharp drop Wednesday that sent the Nasdaq into a correction.The market has slumped badly in the past several weeks, but it hasn't fallen in a straight line. Volatility is spiking, and huge sell-offs have been interspersed with big gains, including October 16's 548-point jump for the Dow and October 12's 287-point gain.Still, the back and forth has been heaviest in one direction: down. The S&P 500 was less than a percentage point drop away from entering a correction Wednesday. Investors had been looking for strong corporate earnings to drag stocks out of the doldrums, but earnings have disappointed this quarter. That gave already nervous investors more anxiety."No matter how good the report or how positive the guidance, investors are looking for the exits," said Justin Walters, cofounder of Bespoke Investment Group, in a note to investors Thursday. "Companies that are reporting earnings this season are getting slaughtered."The average stock has fallen 2% the day after reporting earnings this quarter -- the worst performance of the 21st century, according to Walters.Concerns about rising rates and the trade war have spooked the markets this month. The S&P 500 has fallen 7% in October. And the Nasdaq is down 9%, on track for its worst month since November 2008. Only 13% of stocks are trading above their 50-day moving averages, evidence that Walters believes suggests stocks have been oversold.Investors agreed on Thursday at least. They saw a buying opportunity, particularly in tech.All of the FAANG stocks were up more than 2%. Amazon led the pack, up 7%.Twitter (TWTR) spiked 16% after reporting higher profit and more engaged customers despite losing users overall. Netflix (NFLX) rebounded after plummeting 9% Wednesday. Microsoft (MSFT) rose about 6% after reporting strong earnings the night before.Tesla (TSLA) was up 9%. The company reported by far its most profitable quarter in history late Wednesday, lessening concerns of a looming cash crunch that had been weighing on shares.Tech will be tested again later on Thursday: Alphabet, Amazon (AMZN), Snap (SNAP) and Intel (INTC) all will post their quarterly financial report after the bell.Southwest (LUV) fell 9% after reporting higher oil prices would pinch profit in the future. But American Airlines (AAL) rose 7% following strong earnings Thursday morning.The Dow tumbled more than 600 points on Wednesday, and the Nasdaq lost 4%, its worst one-day percentage drop in more than seven years. 2768
The Trump administration will no longer seek to automatically release pregnant immigrants from detention -- a move in line with the overall efforts by the administration to hold far more immigrants in custody than its predecessors.The change in policy was sent by Immigrations and Customs Enforcement to Congress on Thursday morning and obtained by CNN.According to the new directive, immigration officers will no longer default to trying to release pregnant women who fall into immigration custody, either because they are undocumented or otherwise subject to deportation. The Obama administration policy urged officers to presume a pregnant woman could be released except for extreme circumstances.But a FAQ sent with the directive makes clear that ICE is not going to detain all pregnant immigrants. The policy will require a case-by-case evaluation, the FAQ explains, and will keep in custody "only those whose detention is necessary to effectuate removal, as well as those deemed a flight risk or danger to the community."ICE will also lean towards releasing pregnant women if they are in their third trimester, and will also make an effort for detention facilities to provide services to pregnant women and parents.The move follows controversial efforts by the Department of Health and Human Services to keep unaccompanied minor immigrants in custody rather than releasing them to obtain abortions, a policy that has been the subject of intense litigation.The-CNN-Wire 1482
The United States is demanding that all United Nations sanctions be reimposed against Iran, a move that follows America’s embarrassing defeat to extend an arms embargo against Tehran. President Donald Trump says Secretary of State Mike Pompeo will travel to New York on Thursday to notify the Security Council president that the U.S. is invoking the so-called “snapback” mechanism in the council’s resolution that endorsed the 2015 Iran nuclear deal. Other nations claim the U.S. has no standing to make the move because the Trump administration pulled the U.S. out of the Iran nuclear deal two years ago."Today, I am directing the Secretary of State Mike Pompeo to notify the UN Security Council that the United States intends to restore virtually all of the previously suspended United Nations sanctions on Iran," Trump said. 836
The U.S. House of Representatives voted in a bipartisan manner to remove statues honoring Confederate leaders from the Capitol. The bill was approved by a 305-113 vote on Wednesday, with 72 Republicans joining Democrats in support of the bill.The bill also would remove the bust of Roger Brooke Taney and replace it with Thurgood Marshall’s bust. Taney’s bust is located in the Old Supreme Court Chamber inside the Capitol complex.Taney infamous;y ruled in 1857 that Blacks could not be full US citizens in the Dred Scott v Sandford case. Taney wrote the Supreme Court opinion which upheld slavery in the United States.Previously, House Speaker Nancy Pelosi targeted 11 statues for removal.The statues are held in Statuary Hall, and is a prominent spot for visitors of the US Capitol. The hall is frequently seen in the background of media interviews with members of Congress.Each state sends two statues to be viewed in Statuary Hall. States largely decide on the statues to be displayed in the hall. Among the statues in Statuary Hall include Confederacy president Jefferson Davis and Confederate commander Robert E. Lee.Democratic Rep. Steny Hoyer of Maryland sponsored the bill.“I believe that most Americans are deeply distressed by racial injustice and want to see the progress of the Civil Rights Movement continue,” Hoyer said. They want our nation and our democracy to grow, mature, and become more perfect. Part of that process is making it clear, through our symbols and public displays of honor, what our country stands for and, as importantly, what it must never stand for again."Republican Paul Mitchell, R-Mich., joined Hoyer in calling for the removal of the statues.“The history of this nation is so fraught with racial division, with hatred, and the only way to overcome that is to recognize that, acknowledge it for what it is. So I support this resolution,” Mitchell said.Mitchell added that the statues should be returned to the states and be used for appropriate historical context.“Tearing it down does not do justice for the history of this nation and what our young people must understand,” Mitchell added.Whether the bill gets heard in the Senate remains doubtful, as Senate Majority Leader Mitch McConnell said last month the removal of the statues is a “bridge too far.” 2306