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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

Tom Seaver was a legend in New York and drew many tributes befitting the face of the 1969 "Miracle Mets" when it was announced that he'd passed away Wednesday night.The New York Mets, for whom Seaver pitched for 11 seasons and was a broadcaster for seven, led the tributes. Seaver's jersey will hang in the Mets dugout for their game today against crosstown rivals the New York Yankees. 4??1?? will hang in our dugout today. #RIP41 pic.twitter.com/4Pf4g6Nzgn— New York Mets (@Mets) September 3, 2020 The Mets also tweeted out statements from several of Seaver's teammates and Mets greats of the past and present Thursday night. His 1969 teammates paint the picture of the fierce competitor he was. #RIP41 pic.twitter.com/2Ad6vTxWQq— New York Mets (@Mets) September 3, 2020 Mets broadcaster Keith Hernandez, a former teammate, was saddened as well. I am deeply saddened of the passing of Tom Seaver. I had the honor of unsuccessfully hitting against him & having as a teammate. He is the greatest Met of all time. No one will ever surpass him that wears the orange & blue. My condolences to Nancy & his family. Tears.— keith Hernandez (@keithhernandez) September 3, 2020 Former home run king Hank Aaron spoke of times visiting Seaver at his California vineyard. I remember meeting Tom Seaver @ his first All-Star Game, and I knew he was a special person.He was a terrific pitcher and a wonderful friend. I was lucky to have dinner in his home in New York and in California which I remember fondly. My thoughts and prayers are with his family.— Hank Aaron (@HenryLouisAaron) September 3, 2020 But it wasn't just the Mets and figures from baseball but many New Yorkers who remembered Seaver's greatness and what he meant to the city over the past 50 years. New York City mayor Bill de Blasio and New York Gov. Andrew Cuomo both remembered the man they called "The Franchise." They called Tom Seaver the Franchise for a reason. What an Amazin’ career and life. We’ve lost a true champion.On behalf of 8.6 million New Yorkers I offer our deepest condolences to his family and loved ones. #RIP41 https://t.co/vDdLs2DV3Z— Mayor Bill de Blasio (@NYCMayor) September 3, 2020 Tonight baseball fans and all New Yorkers mourn in unison.Tom Seaver was not only a baseball player — he was a Miracle Met who brought skill and honor to the game.The family of New York extends our deepest sympathy to his family and fans.— Andrew Cuomo (@NYGovCuomo) September 3, 2020 Hollywood stars with connections to the New York area also remembered Seaver. Actor and comedian Adam Sandler tweeted out that he was a favorite of his entire family. Tom Seaver. My dad loved him.My brother loved him. I loved him.A hero to so many. Thoughts to his entire family. pic.twitter.com/57FDkq8zja— Adam Sandler (@AdamSandler) September 3, 2020 Talk show host, comedian and Mets fan Jimmy Kimmel called Seaver his "first favorite Met." Tom Seaver was my first favorite player and the greatest of @mets - we will never forget you 41— Jimmy Kimmel (@jimmykimmel) September 3, 2020 National figures remembered Seaver as well. Former President Bill Clinton tweeted his condolences. I’m saddened by the passing of Tom Seaver, a great competitor who did so much for baseball, New York, and America.— Bill Clinton (@BillClinton) September 3, 2020 Senate Minority Leader and New Yorker Chuck Schumer called Seaver a "New York legend." Tom Seaver was one of the greatest pitchers of my lifetime. Hall of Famer. The greatest Met, and a beloved Yankees broadcaster too. A New York sports legend. Farewell “Tom Terrific.” May God bless you.https://t.co/hPTW9p39Ae— Chuck Schumer (@SenSchumer) September 3, 2020 Former CBS News anchor Dan Rather recalled watching Seaver pitch, saying he would "never forget it." Tom Seaver owned the pitching mound with grace and power, part artist, part dynamo. Those of us who saw him pitch will never forget it. He made a miracle happen, and an era passes with him May he Rest In Peace.— Dan Rather (@DanRather) September 3, 2020 To the everyday New Yorker, Seaver represented nostalgia for an incredible year in American history and New York sports history. SNY captured footage of a fan leaving flowers at Citi Field which is located at, naturally, 41 Seaver Way. This fan pays his respects to Tom Seaver at 41 Seaver Way. ???? pic.twitter.com/xIF8gVIUvA— SNY (@SNYtv) September 3, 2020 Seaver passed Thursday night at the age of 75. This story was first reported by Stephen M. Lepore at WPIX in New York City, New York. 4706

Time is running out with just five days to go before funding expires for several key federal agencies and no deal in sight to avert a partial government shutdown.On Capitol Hill, Republicans and Democrats alike have made clear they don't want a shutdown, but lawmakers left Washington last week without a resolution in an ongoing standoff over funding for President Donald Trump's long-promised border wall. The administration and congressional Democrats appeared to be no closer to reaching an agreement over the weekend.White House senior adviser Stephen Miller said on Sunday the administration would do "whatever is necessary to build the border wall," saying "if it comes to it, absolutely," when asked on CBS's "Face the Nation" if that would mean a partial shutdown. But Senate Democratic Leader Chuck Schumer insisted on NBC's "Meet the Press" on Sunday that the President is "not going to get the wall in any form," saying the votes aren't there in the House or the Senate.The window is narrow this week for Congress to take action. The Senate will be back on Monday, but the House of Representatives isn't expected to return until Wednesday evening. That leaves little time before funding runs out at midnight on Friday for a number of federal agencies, including the Department of Homeland Security, the Justice Department, and other parts of the government.Trump wants billion in wall funding, but that number is a non-starter for Democrats. Any spending legislation would need to pass with at least some Democratic votes since it would have to clear a 60-vote threshold in the Senate where Republicans only have a 51-seat majority.Some congressional Republicans were talking openly at the end of last week about the possibility that lawmakers could punt the border fight by passing a temporary, stopgap spending measure. If Congress and the White House agree to a short-term funding patch that could leave the issue for the new, incoming Congress to resolve in January.Outgoing Republican Rep. Jeff Denham of California told CNN's Kate Bolduan on Friday, "At this late in the game, I think a short-term resolution is in order, something that would allow the next Congress to actually come in and negotiate a much larger, longer agreement.""The question is ... will we kick the can until the day after Christmas, January 2nd or 3rd, or whatever?," Republican Sen. Richard Shelby, the chair of the Senate Appropriations Committee, told CNN on Thursday. "I don't know. There has to be some sort of breakthrough."So far, however, there has been no apparent breakthrough, and the threat of a partial shutdown moves closer to becoming a reality with each passing day.The President defiantly said during a dramatic meeting last week with House Democratic leader Nancy Pelosi and Schumer that he would take responsibility for a partial shutdown if one takes place."I'll tell you what, I am proud to shut down the government for border security, Chuck," Trump told the top Senate Democrat. "So, I will take the mantle. I will be the one to shut it down. I'm not going to blame you for it."If a shutdown takes place, it would be limited in scope. Congress has already funded roughly 75% of the federal government through September 2019, including the Pentagon as well as the Departments of Health and Human Services and Labor.But that doesn't mean a partial shutdown that would start just days before Christmas wouldn't be disruptive.In the event of a shutdown, some federal employees would be deemed essential and would continue to work, but their pay would be withheld until the shutdown is over.Other federal employees would be placed on furlough, meaning they would effectively be put on a leave of absence without pay. Congress could move to order that furloughed employees be paid retroactively after the shutdown is over, but that is not guaranteed. 3870

TIJUANA, Mexico (AP) — Migrants in a caravan of Central Americans scrambled Wednesday to reach the U.S. border, arriving by the hundreds in Tijuana, while U.S. authorities across the border were readying razor wire security barriers.Mexican officials in Tijuana were struggling to deal with a group of 357 migrants who arrived aboard nine buses Tuesday and another group of 398 that arrived Wednesday."Mexico has been excellent; we have no complaint about Mexico. The United States remains to be seen," said Josue Vargas, a migrant from Honduras who finally pulled into Tijuana Wednesday after more than a month on the road.U.S. Defense Secretary Jim Mattis, meanwhile, went to visit U.S. troops posted to the border in south Texas and said the deployment provides good training for war. President Donald Trump has said the caravan of migrants amounts to an "invasion."RELATED: Video shows people climbing on top of fence at Border Field State ParkThat didn't deter arriving groups of Central Americans from going to a stretch of border fence in Tijuana to celebrate.On Tuesday, a couple of dozen migrants scaled the steel border fence to celebrate their arrival, chanting "Yes, we could!" and one man dropped over to the U.S. side briefly as border agents watched from a distance. He ran quickly back to the fence.Tijuana's head of migrant services, Cesar Palencia Chavez, said authorities offered to take the migrants to shelters immediately, but they initially refused."They wanted to stay together in a single shelter," Palencia Chavez said, "but at this time that's not possible" because shelters are designed for smaller groups and generally offer separate facilities for men, women and families.But he said that after their visit to the border, most were taken to shelters in groups of 30 or 40.With a total of three caravans moving through Mexico including 7,000 to 10,000 migrants in all, questions arose as to how Tijuana would deal with such a huge influx, especially given U.S. moves to tighten border security and make it harder to claim asylum.On Wednesday, buses and trucks carried some migrants into the state of Sinaloa along the Gulf of California and further northward into the border state of Sonora.The bulk of the main caravan appeared to be about 1,100 miles (1,800 kilometers) from the border, but was moving hundreds of miles per day.The Rev. Miguel Angel Soto, director of the Casa de Migrante — House of the Migrant — in the Sinaloa capital of Culiacan, said about 2,000 migrants had arrived in that area. He said the state government, the Roman Catholic Church and city officials in Escuinapa, Sinaloa, were helping the migrants.The priest also said the church had been able to get "good people" to provide buses for moving migrants northward. He said so far 24 buses had left Escuinapa on an eight-drive to Navojoa in Sonora state. Small groups were reported in the northern cities of Saltillo and Monterrey, in the region near Texas.From Sonora, some migrants said they had already caught buses from to Tijuana.About 1,300 migrants in a second caravan were resting at a stadium in Mexico City, where the first group had stayed last week. By early Wednesday, another 1,100 migrants from the third and last caravan had also arrived at the stadium.Like most of those in the third caravan, migrant Javier Pineda is from El Salvador, and hopes to reach the United States. Referring to the first caravan nearing the end of the journey, Pineda said "if they could do it, there is no reason why we can't."It is unclear whether the two caravans would merge or when they would set out on the road north.Many say they are fleeing poverty, gang violence and political instability in the Central American countries of Honduras, Guatemala, El Salvador and Nicaragua.Mexico has offered refuge, asylum or work visas, and its government said Monday that 2,697 temporary visas had been issued to individuals and families to cover them during the 45-day application process for more permanent status. Some 533 migrants had requested a voluntary return to their countries, the government reported.The U.S. government said it was starting work Tuesday to "harden" the border crossing from Tijuana ahead of the caravans.Customs and Border Protection announced it was closing four lanes at the busy San Ysidro and Otay Mesa ports of entry in San Diego, California, so it could install infrastructure.That still leaves a substantial path for the tens of thousands of people who cross daily: Twenty-three lanes remain open at San Ysidro and 12 at Otay Mesa.San Ysidro is the border's busiest crossing, with about 110,000 people entering the U.S. every day. That traffic includes some 40,000 vehicles, 34,000 pedestrians and 150 to 200 buses.___Maria Verza contributed from Escuinapa, Mexico. 4804

Thousands of unwanted house guests left their mark on a Pennsylvania home. After recent heavy rains, a family noticed dark lines coming down the wall, and realized it was honey from a hidden beehive.Justin and Andrea Isabell told CNN they originally thought the drips in their mudroom were water damage after recent rains from Tropical Storm Fay. They live in Perkasie, between Allentown and Philadelphia."We've never heard any buzzing or anything," Andrea told CNN. "When we saw the stream coming down the wall, we just kind of worked our way up." 556

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