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Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.Investors are increasingly worried that President Trump's crackdown on China will trigger a fierce response that darkens the otherwise bright economic outlook.The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a "correction" — a decline of 10% from the all-time high in January. The Dow finished at its lowest point since November.All three major indexes took their biggest weekly tumbles since January 2016.The market failed to stage a rebound from Thursday's plunge, which erased 734 points from the Dow.China vowed on Thursday that it would fight a potential trade war "until the end.""We have this general freak-out. We don't know the next shoe to drop on trade," said Michael Block, chief strategist at Rhino Trading Partners.Investors were further rattled when China's ambassador to the United States signaled that China could ease purchases of US bonds in response to Trump's tariffs. "We are looking at all options," Ambassador Cui Tiankai told Bloomberg News.China is America's biggest creditor, with more than trillion of Treasury bonds."We've been told for our entire careers that trade wars made the Great Depression worse. And we believe it," said Bruce McCain, chief investment strategist at Key Private Bank.Related: Trade fears add to concern of a downturnAsian markets were rocked overnight after China vowed not to back down in a potential trade war with the United States. Japan's Nikkei 225 plummeted 4.5%, and the Hang Seng in Hong Kong lost 2.5%.On Thursday, the market sold off after Trump announced plans to impose tariffs on about billion of Chinese imports to retaliate for theft of intellectual property.China said hours later that it "is not afraid of and will not recoil from a trade war." Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about billion worth of imports of US goods.Trump, who often uses the stock market as a barometer for his success, shrugged off the market turmoil."I think the stock market is going to be great," he said Friday at the White House after a reporter asked about the sell-off. "The stock market is way up. When I came into office, the stock market was from a different planet."Despite the recent struggles, the Dow remains up about 30% since Trump's election.Related: China: We would fight a trade war 'to the end'The worry is that a tit-for-tat escalation between the two largest economies in the world will ruin the solid economic backdrop. Investors had been banking on strong growth this year, but a slowdown in trade and dented business and consumer confidence could change that outlook drastically.Barclays warned in a report that a trade war would drown out the benefits of Trump's tax cuts, which helped power Wall Street's euphoric rally."The administration is moving forcefully into the anti-trade portion of its policy agenda," Barclays economist Michael Gapen wrote in a report on Friday.But it's too early to assess the impact. Bullish investors hope that the administration will soften its tough stance with China, similar to how tariffs on steel and aluminum imports were later scaled back significantly."The threat of a misstep remains high," Raymond James Washington policy analyst Ed Mills wrote in a report, but there is an expectation that "these actions will be watered down or mitigated" in the coming weeks.Key Bank's McCain thinks it's more likely the market is going through a correction than entering a bear market. He pointed to robust corporate profits and the strong economy, which enjoyed robust job growth in February."If anything, a few weeks ago we worried about the economy overheating and inflation picking up," McCain said.The-CNN-Wire 3867

There’s a nationwide debate about whether the U.S. should find ways to get the coal industry back up or train workers for new jobs.In eastern Kentucky, families were rocked by a regional recession when the coal industry took a big hit seven years ago.'Their exact words were, 'Due to the decline in the coal market, we're going to have to let you go,' and suddenly I found myself in a place where I had no idea what to do,” said James Johnson, who was let go in 2014.Johnson, who worked as a coal truck supplier in Pikeville, Kentucky, was left at a crossroad. But Johnson found a way to stay in his hometown.He went from coal to coding."Going on four years later, we're still hanging in here," says Johnson, who learned coding with several other former coal workers.Johnson's story isn't unique. It seems like everywhere you go in Pikeville, people are finding ways to survive, outside of the coal.About 21 percent of mining jobs have been eliminated statewide since 2016, forcing people to explore other industries.After nine years working in the mines, resident Harvey Maynard had to look for a new career after being laid off 10 months ago. His skills brought him to baking!"Right now, it's baking donuts!” says Maynard. “Which is a huge change.”Maynard doesn’t just bake—he even decorates, too."Even as a kid I loved to draw, paint, and color,” says Maynard. “I was always very artistic."New jobs are even moving to the small eastern Kentucky city to help. A new distillery opened one month ago; the owners wanted to build there, specifically to help hire coal miners who were out of work.It was a blessing for people like Michael Preston, who after 16 years of working in the coal industry, decided to go back to school. Preston got his associates in electrical technology, and now, he’s the maintenance manager at Dueling Barrels Distillery.     It's a place you look forward to coming every morning,” says Preston. 1950

Thieves stole priceless royal artifacts in a daring raid on a Swedish cathedral before escaping by speedboat, police said.The thieves made off with crown jewels belonging to former Swedish monarchs Karl IX and Kristina from the Str?ngn?s Cathedral to the west of the capital, Stockholm, on Tuesday.Two crowns and a golden orb adorned with a crucifix were taken from the cathedral, which dates back to the 12th century, according to a police report. The items date from the early 17th century.A witness told Swedish media that he was eating lunch when he saw two people running toward a boat, which they sped away in.Police said several thieves were involved in the heist. They fled in an open-topped motorboat across the sea from the base of the church. Several police patrol boats as well as police helicopters joined a hunt for the perpetrators.The cathedral was placed on lockdown, CNN affiliate Expressen reported, and the search for the thieves continued on Wednesday."To a limited extent we are still looking for (them) both on the ground and at sea. We have no new findings so far," said Tor Sevelius, commanding officer at the police's management center.Police are investigating "any boat that may seem interesting," as the thieves may have switched to another craft, police spokesman Thomas Agnevik told Expressen.The three items stolen were part of the funeral regalia of the king and queen, and would have been buried with the monarchs, Christofer Lundgren, dean of the Str?ngn?s parish, told Expressen. They were later taken from the burial site and displayed to the public, he added.He said that while the items have monetary value, it pales in comparison to their significance to Sweden's cultural history."From our point of view, the material value is less important than the cultural history of these items. I do not see this as a theft from Str?ngn?s cathedral assembly. This is part of the national cultural heritage, this is a theft of Swedish society," Lundgren said.Police said they could not comment on the value of the items stolen.The cathedral was open to the public from 10 a.m., and the theft took place just before lunchtime. No one was injured or threatened during the robbery, Lundgren said.The heist has echoes of a daring robbery in Venice in January, when thieves mingled with other visitors to an exhibition before brazenly making off with gems from the Qatari royal collection.In that robbery, at least two people entered the Doge's Palace -- a popular tourist spot in Venice where a selection of Indian jewelry from the Qatari collection was on display to the public. One suspect acted as lookout while the other grabbed the jewels from a display case. 2696

This week, JetBlue became the latest airline to say it will keep middle seats blocked longer. It will happen through September 8.Delta and Southwest are blocking middle seats through the end of September. But other major airlines, including United and American, say they'll be filling flights.An MIT professor Arnold Barnett is laying out what your risk is of catching the coronavirus if the middle seat is filled.Barnett looked at research on the transmission of the virus and the number of cases. He assumed everyone would have a mask and that the mask is 82% effective. He found 1 in 4,300 is your risk of getting COVID-19 on a full plane. It's 1 in 7,700 if the airline keeps the middle seats open.“The takeaway is there is a difference,” said Barnett. “I think that it is statistically safer if the middle seat is kept open. The difference is measurable and perceptible, and the question then is if the risk is incredibly low, who cares if it gets cut in half. Then the issue is do people really think this level of risk is incredibly low and individuals will have to make that judgment.”The probabilities are based on numbers from late June. With more new cases, it’s likely there is a greater chance now.Barnett doesn't agree with airline arguments that even if they don't fill the middle seat, passengers still won't be 6 feet away from each other.“They seem to say, look if you're within 6 feet, it doesn't matter if it's 1 foot or 5 feet, you're the same level of risk,” said Barnett. “This bears no relationship to the literature or to physics. I mean the closer you are statistically, the greater is the risk.”Barnett is submitting his research this week to be peer reviewed, but says he wanted to make it available publicly before then, so people could have the information.Lawmakers, passengers and flight crew unions have called on the FAA to set policies for containing the virus.The government says it is advising the airlines that even if it's not passing new regulations.Airlines for America, which represents the major carriers, says mandates aren't necessary, because airlines have already taken extraordinary measures. 2148

Today, @CMSGov has posted the second set of #COVID19 nursing home data – directly reported by nursing homes to the @CDCgov. You can view the updated numbers here: https://t.co/yBuyEyaM0u— Administrator Seema Verma (@SeemaCMS) June 18, 2020 247

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