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A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.Daniel Pinto, JPMorgan's co-president, said during an interview on Bloomberg Television Thursday that he believes market gains should continue for the next year or two. But he added that investors are nervous, and that the recent announcement about tariffs and trade wars contribute to their unease."Markets are going to be nervous, nervous about anything. Nervous about anything that relates to inflation, nervous about anything that relates to growth," he said. "These tariffs, if they go a lot beyond what has been announced, it is something that will concern the markets about future growth."He said it's normal for there to be a correction at the end of an investing cycle, and that markets could be heading for a "deep correction" of between 20% and 40%, depending upon the market values at the time the downturn starts."We know there will be correction at some point," he said.Related: Wall Street is on edge about tariffsThe markets briefly fell into correction territory last month as the the Dow Jones industrial average plummeted more than 3,200 points, or 12%, in just two weeks. The market then rallied from those lows, and the S&P 500 and Dow both ended February up for the year.But so far this month, concerns about a possible trade war and the departure of former Goldman Sachs executive Gary Cohn as President Donald Trump's chief economic adviser roiled markets once again.Related: Trump's tariff bombshell - Catch up herePinto oversees corporate and investment banking at JPMorgan Chase, the nation's largest bank. In January he was promoted to co-president and co-chief operating officer, setting him up as one of the two leading contenders to be the next CEO when Jamie Dimon retires. Dimon has said he intends to stay in place until at least 2023, though.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1987

A motorcade escorting Vice President Mike Pence to a series events near Pittsburgh was involved in two accidents on Thursday, according to reporters in the press pool.Reporters for NBC News and Newsmax say that after Pence arrived at a Western Pennsylvania airport, a Trump campaign bus was involved in a "minor accident" with a dump truck. Though the Vice President was aboard the bus at the time of the accident, he was unhurt. Pence immediately left the bus and moved to a limo.Later, the outlets report that two motorcycles in the motorcade were involved in an accident. Neither driver was injured, and the motorcade was again on the move shortly after.On Thursday, Pence tweeted his thanks to all law enforcement officers involved in his motorcade. 761

A study published this week takes a look at just how quickly Covid-19 test results are getting back, on average.Researchers surveyed more than 19,000 people across every state and the District of Columbia during the last two weeks of July. They asked how long people waited to get back test results.Most people, about 63 percent, are not getting their test results back within the one-to-two day window that is optimal for contact tracing.More than 30 percent of survey participants reported they received test results after four or more days.“Rapid turnaround of testing for COVID-19 infection is essential to containing the pandemic. Ideally, test results would be available the same day. Our findings indicate that the United States is not currently performing testing with nearly enough speed,” researchers said in the report of their findings.The average wait time nationwide was 4.1 days.However, there were disparities in wait times when looking at race. According to the study, Covid-19 test results wait times for Hispanics and Blacks are longer, at 4.6 days and 5 days respectively. Compared to wait times for white respondents, which was 3.9 days according to the study.Researchers said there is little sign the wait time for test results is speeding up. A similar survey conducted in April found that the national average wait time was 4.2 days.This study did not look into the causes of the delay in receiving test results. Other reporting has pointed to limited testing supplies, labs being overwhelmed with tests to run, and the time needed to contact everyone with results.On Monday, Florida’s Gov. Ron DeSantis called some Covid-19 test results “useless” because they are taking too long to come back. He announced his state is converting two testing locations to 15-minute rapid testing locations. 1823

A new disinfectant is proving effective against coronavirus. It's called SurfaceWise2.The Environmental Protection Agency (EPA) just gave the Allied BioScience product emergency use authorization.The disinfectant is the only long-lasting COVID-19 killer. It's sprayed on surfaces and kills the novel coronavirus and other viruses.“It’s a continuously self-cleaning surface, so as contaminants, germs, virus cells lands on the surface, the product is continuously and begins immediately killing those virus cells and pathogens,” said Jess Hilton, CMO at Allied BioScience.Its makers say testing proves it works for months. The EPA says it can kill coronavirus for us to seven days in one use. It's safe for surfaces and people."The EPA approval clears the way to begin effectively protecting consumers against COVID-19 as the only solution proven to provide long-term, non-toxic surface protection from the virus," said Allied BioScience CEO Michael Ruley in a press release. So far, the emergency use was approved for American Airlines planes and Texas-based companies. The state worked with the company on the waiver. Others are putting in waivers too.“The application opportunities for this product are sort of endless. Anywhere where you have public spaces for high traffic and therefore high contamination environments, this is a solution that goes in-between your daily cleaning,” said Hilton.The company says it costs about 40 to 50 cents per square foot per year to use the product. A large school bus has about 320 square feet of space. That's about 0 per bus a year.Allied BioScience didn’t come up with the disinfectant overnight. The company started making it as a product to kill hospital bacteria a dozen years ago. 1739

A starting point for investigators trying to trace the bombs sent to Democratic figures and CNN this week: the postmark.But in some cases, it appears to be a missing clue.The postmark typically indicates when and where the mail was sent from and is marked over the stamps -- "canceling" them, and preventing the stamps from being reused. Unlike stamps, most of which cannot be traced, the impression left by a postmark or mail meter is distinctive and can help investigators focus their search.A postmark is visible in a photo of at least one of the packages seen by CNN. A postmark is not visible in photos of several other packages shared with CNN -- only adding to the questions about their origins.The lack of a postmark is very rare, according to Nancy Pope of the National Postal Museum.A postal inspector who spoke to CNN on the condition of anonymity indicated it would be very unusual for a piece of mail to leave the facility where it was dropped off for delivery without such a mark.That could indicate that a sender or senders were working in multiple diverse geographical areas, including New York, Washington, Florida and California.Another source told CNN it is possible some of the stamps may not have been canceled because of the package's soft sides and odd shape, which would make it difficult to stamp.The US Postal Service's website also says mail may not be postmarked if it was processed through a meter or if the postage was paid by permit or precanceled stamp. None of those appear to apply to this situation.Adding to the mystery are post office markings on one of two packages sent to former Vice President Joe Biden indicating the stamps on the package did not cover the cost of the delivery, and additional postage is due.That suggests the package was weighed at some point during the shipping process, a former postal inspector told CNN.It was unclear from the photo whether that package had been postmarked.Postmarks can be applied by machine and by hand, depending on how a piece of mail is sent, according to the Postal Service. When mail is run through an automated system at a processing distribution center, the postmark is applied, and the mailed item is screened by a biohazard detection system.It was not clear why postmarks were not visible on several of the packages, and the US Postal Inspection Service provided a statement to CNN that did not address the question."The U.S. Postal Service has developed a comprehensive approach to protecting the mailsystem by utilizing a targeted strategy of specialized technology, screening protocols and employee training," read the statement.The statement noted its Dangerous Mail Investigations Program includes law enforcement officers who "are trained to recognize the common characteristics of suspicious mail and are highly proficient in the use of state-of-the-art equipment to include portable X-ray machines." 2907