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Stocks tumbled Friday as trade tensions between the United States and China heated up.The Dow closed down 572 points, a drop of 2.3%, after President Trump threatened to escalate a confrontation with China over trade. It fell as much as 767 points earlier in the day. The S&P 500 and the Nasdaq each declined more than 2%.Friday's losses wiped out gains for the week, and the Dow sank back into correction territory — 10% below its all-time closing high in January.Trump said late Thursday that he was considering tariffs on 0 billion more in Chinese exports, which would triple what the United States is already planning."The fear of a policy mistake on trade is increasing," said Art Hogan, chief market strategist at B. Riley FBR.All 30 companies on the Dow lost ground on Friday. Caterpillar, Boeing and Nike, giants with heavy exposure in China, were among the biggest losers in the index."The ratcheting up of trade tensions clearly carries risks. The tariff threats, even if only intended as bargaining tools, will be difficult to back down from if talks fail to deliver results," Capital Economics' Julian Evans-Pritchard wrote in a research note Friday.Anxiety returned to Wall Street after three days of gains. The VIX, a measure of market volatility, spiked 12%. CNNMoney's Fear and Greed index sank further into "extreme fear" territory.Wary investors had been holding out hope that the two sides will reach a deal before the proposed trade barriers go into effect.White House officials, including top economic adviser Larry Kudlow, have sought in recent days to soothe business leaders' fears of a trade war that would constrain economic growth.Earlier this week, the Trump administration announced plans for tariffs on billion worth of Chinese goods in retaliation for China's alleged theft of US intellectual property. Beijing fired back hours later by threatening tariffs on billion worth of US goods, including cars, planes and soybeans.The market had been interpreting Trump's proposed tariffs as negotiating tactics meant to extract concessions out of China rather than a rigid position. But Wall Street began to reassess that view as the administration sent conflicting signals throughout the day."We've gone from Larry Kudlow trying to calm the markets down to the administration saying, 'Hey, ignore the markets,'" Hogan said.In a radio interview Friday morning, Trump said, "I'm not saying there won't be a little pain, but the market has gone up 40%, 42%, so we might lose a little bit of it."Selling accelerated later in the day after Treasury Secretary Steve Mnuchin told CNBC, "There is the potential of a trade war."Investors had been operating under the assumption China and the United States were negotiating to avoid a trade conflict, but Mnuchin avoided questions about whether the two countries were actively talking."As no one came out to pull this back, there was a gradual realization that this was something that might be a little more serious," said Brad McMillan, chief investment officer for Commonwealth Financial Network.Analysts said the market also responded to comments from Federal Reserve Chair Jerome Powell.Powell said that the US economy was growing and a turbulent stock market would not change the Fed's course to gradually raise interest rates. The Fed is on track to raise rates three times this year, but it could speed up that process to cool down the economy."Markets are forced to confront the idea that rates are going up and the stock market is not going to derail that process," McMillan said.Stocks were mostly unaffected by the March jobs report, which showed that the US economy added 103,000 positions, down from a much bigger gain in February and well below what analysts were expecting.Wages grew 2.7% in March compared with a year earlier, in line with expectations. Investors were watching that number because it's a barometer of inflation. In February, an unexpected jump in wage growth set off inflation alarm bells and caused stocks to plunge.The combination of the hiring slowdowns and modest wage growth temporarily eased Wall Street's concerns that the economy was overheating.The yield on the 10-year US Treasury note, which has been steadily climbing as investors' inflation expectations rise, dipped to 2.78% after the jobs report."Investors breathed a sigh of relief," said Sam Stovall, chief investment strategist at CFRA Research. "Now we only have one issue to deal with, and that's trade."—CNNMoney's Paul R. La Monica contributed to this report.The-CNN-Wire 4564

The 29th named tropical system of the Atlantic hurricane season formed on Monday, marking a new yearly record for the basin.Subtropical Storm Theta formed over the open waters of the eastern Atlantic Monday evening, packing top winds of 50 mph. The storm is far from any land, and does not pose any immediate threat to land.Theta marks the deepest jaunt down the Greek hurricane naming list. Theta is the seventh storm this season named after a letter in the Greek alphabet. The only other time the Greek alphabet has been used was in 2005.Theta is not the only storm churning in the Atlantic basin. Tropical Storm Eta is spinning in the Gulf of Mexico after striking the Florida Keys yesterday. The slow-moving system is expected to dump heavy rain over Florida over the next few days. Whether it comes ashore again is still in question.Eta previously struck Central America as a powerful Category 4 hurricane last week.The Atlantic hurricane season still has another three weeks to go, and it’s not unheard of for a system to develop in December if conditions are favorable, like they have been for much of 2020. 1123

TAYLOR, Mich. (AP) — When it comes to the middle finger, police might need a thicker skin.A federal appeals court says a Michigan woman's constitutional rights were violated when she was handed a speeding ticket after giving the finger to a suburban Detroit officer in 2017. The decision means a lawsuit by Debra Cruise-Gulyas can proceed.In a 3-0 decision Wednesday, the court said Taylor Officer Matthew Minard "should have known better," even if the driver was rude.Minard stopped Cruise-Gulyas and wrote her a ticket for a lesser violation. But when that stop was over, Cruise-Gulyas raised her middle finger.Minard pulled her over again and changed the ticket to a more serious speeding offense.Cruise-Gulyas sued, saying her free-speech rights and her rights against unreasonable seizure were violated. 816

Tens of millions of Americans live in food deserts, with limited access to fresh and healthy foods. And according to Feeding America, the pandemic has put millions more at risk of experiencing food insecurity.Residents in one Oakland neighborhood have a convenient grocery store for the first time in four decades, and it became even more essential during the pandemic. "It's got to be easy for them to get it, and the more effort there is and time involved in the shopping, the less fresh foods is going to be in that basket," said Brahm Ahmadi, the CEO of Community Foods Market. While he'd never owned a grocery store, Ahmadi understood what the absence of one could mean for a community."Families were disproportionately suffering from diet-related chronic diseases, diabetes, hypertension, heart disease," said Ahmadi. "And then all the residual, other negative impacts that has. For example, family members are sick, they can't work, and then income is reduced."After raising over several million dollars, Ahmadi's vision of a full-service market came to life one year ago."When the pandemic hit, I did still want to come to work because we need a store like this around," said employee Sharon Rance, who's worked at Community Foods Market since it opened."They were one of the stores that survived, they had the essential things we needed," said Eleanor, a local and regular customer. But like the big grocery store chains, the independent market was not immune to the overwhelmed supply chain."I think the whole industry was kind of caught off guard, and then we were also blown away by how difficult it was to build back having product in the store," said Ahmadi. He says changes in the industry are already happening, with manufacturers reducing the number of items they making to keep top-sellers consistently available. Ahmadi knew the market would have to step up efforts to continue serving the already economically fragile community."To help them stretch their even more limited dollars to make ends meet," said Ahmadi. With help from an emergency grant, they've been able to offer shoppers on food stamps a 50 percent discount on their entire purchase. They also began providing free delivery to seniors 65 and older.The market has never been busier. "My belief is this community deserves it, like any other neighborhood, and has the ability to support it," said Ahmadi.By fulfilling this basic human necessity, Ahmadi believes they're laying a foundation to help residents prosper in other areas. 2521

TALLAHASSEE, Fla. - The Tallahassee Police Department announced Tuesday the outcome of a "large-scale" human trafficking investigation that resulted in 178 people being arrested.The department recently concluded a two-year-long operation, called "Operation Stolen Innocence," involving human trafficking and child sex trafficking right within the Capital City community.TPD Chief Revell said that it started with an investigation after a 13-year-old child’s image was seen on a prostitution website. Investigators with TPD’s Special Victims Unit set up an operation to rescue the child to ensure her safety. Operation Stolen Innocence involved underaged people being sex trafficked right here in Tallahassee. @abc27 pic.twitter.com/mZjRn7kDD3— Jada E. Williams (@JadaEWilliams) November 17, 2020 The investigation began in November 2018. Since then, 106 people have been charged with felonies and 72 with misdemeanors. Nineteen people also face federal charges, according to Revell.Charges range from solicitation of prostitution to human trafficking of a minor. Police said all suspects are from the southeast region, spanning all the way to Mississippi and Alabama.Revell said that he's "never been a case of this magnitude" in the 30 years he's been in Tallahassee. One of the investigators who was praised for her work on the case called the initial case that leads to dozens of arrests "horrific." More than 170 people were arrested in connection to Operation Stolen Innocence. Charges range from misdemeanor to felony. @abc27 pic.twitter.com/K5cGQNcU2A— Jada E. Williams (@JadaEWilliams) November 17, 2020 "We know it's going on in our community. We need to address this and we know it takes state and federal partners," Revell said.TPD did not release any specifics on individual cases to prevent from identifying any of the victims.Now, police are asking other victims to come forward. They said some of the most common ways to recognize a potential human trafficking victim are:The person appears malnourished.They show signs of physical injuries or abuse.They avoid eye contact, social interaction, and law enforcement.They do not have official identification or personal possessions.They are never away from people.If you see something, say something and call TPD at 850-891-4200. You can also remain anonymous by calling Crime Stoppers at 850-891-TIPS.Revell, other representatives from the agency, as well as representatives from the United States Attorney’s Office Northern District of Florida, State Attorney’s Office for the Second Judicial Circuit, Homeland Security, United States Marshal Service, Florida Department of Law Enforcement, and the Leon County Sheriff’s Office, were in attendance for the announcement Tuesday morning.WTXL was at the event and streamed it live on Facebook. You can watch the full announcement below: This story was first reported by WTXL Staff in Tallahassee, Florida. 2941

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