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Tom Steyer is spending another million to put a second anti-Donald-Trump advertisement on national television -- this time taking aim at the President's tax overhaul push.The ad comes less than a month after the Democratic mega-donor and billionaire environmentalist spent million on a one-minute ad calling for Trump's impeachment.The second installment of Steyer's anti-Trump ad campaign begins Thursday with a spot filmed on Steyer's ranch in Pescadero, California. 484

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

Therefore, I am asking the @OhioRxBoard to halt their new rule prohibiting the selling or dispensing of hydroxychloroquine or chloroquine for the treatment or prevention of COVID-19.— Governor Mike DeWine (@GovMikeDeWine) July 30, 2020 243

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

Three years ago, Megan Yaeger bought her first professional camera.“It was like my first love. Ya know, when you pick it up and an angel chorus sings in the background,” Yaeger said.However, it wasn’t a purchase she had been planning for. She had been saving money to go to Disneyland and was forced to cancel due to all of the smoke from fires back in 2017. Yaeger says her lungs can’t handle smoke.“Remember kind of like back in school when they’d force you to run and you’d be really really out of shape? And you’d just be sitting there, kind of feeling like you’re dying? That’s what it feels like but you’re sitting there with the smoke and you can almost feel the particles going into your lungs and you just can’t get full expansion of your lungs and it’s the worst feeling," Yaeger said. She says her lungs are very weak because she lives with a connective tissue disease.“So like your whole body is made of connective tissue – your vascular system, your heart, your lungs, your joints, your eyes – and my body kind of chooses to attack all of it,” Yaeger said.Yaeger lives in a rural town in Utah. But with all the wildfires burning in the western U.S., she’s concerned about the smoke in the air.“Even like campfire smoke I can’t be around, so I can’t imagine people with my condition who are living like right next to the fires,” Yaeger said.It’s not just people with chronic conditions who can be impacted by prolonged exposure to wildfire smoke, especially during the COVID-19 pandemic. According to the CDC, people who currently have or who are recovering from COVID-19 may be at an increased risk of health effects from exposure to wildfire smoke due to compromised heart and-or lung function related to the disease.“We know air pollution exposure causes inflammation and cellular damage in our lungs, we know that air pollution just wreaks havoc on our lungs, and so all of this hints at wildfire smoke also doing the same,” said Erin Landguth, an associate professor with the Center for Population and Health Research at the University of Montana.She was the lead author in a study that looked at the delayed effect of small particles from wildfire smoke that gets into your lungs and irritates it. Her team wanted to understand how it may impact the following flu season in Montana.“We basically show that across these 10 years of data, after a bad fire season, one would expect to see three to five times worse flu seasons,” Landguth said.Landguth says this leads researchers to believe wildfire smoke could make people more susceptible to contracting the flu, but she says more in-depth studies need to be done to confirm that. COVID-19 is different from influenza, but considering COVID impacts the lungs, Landguth says there’s cause for concern as wildfires rage in several states.“The hypothesis that air pollution can act both as a carrier of the infection of COVID-19 and as a factor that can worsen the health impact of the COVID-19 disease has been a hot research topic,” Landguth said.Landguth emphasizes correlation doesn’t necessarily mean causation -- meaning higher flu numbers the same years as large wildfires doesn’t mean the wildfires cause worse flu seasons. However, she says they’re actively trying to learn more by expanding the study to other states. In the meantime, Landguth says vulnerable and sensitive groups should keep an eye on air quality alerts and stay inside with a proper air filter. Yaeger is doing exactly that.“Staying inside, and if I’m feeling really wheezy, doing a lot of breathing treatments and just listening to my body,” Yaeger said.No matter what comes her way, Yaeger says she chooses to remain optimistic.“When you’re faced with death so many times, you either have the choice to just be miserable, or find joy even in the smallest moments. It’s kind of almost a survival mechanism I think, optimism," she said. 3887