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The ceasefire between the United States and China has set off a huge celebration on Wall Street.The Dow soared about 400 points at Monday's opening bell after China and the United States reached a temporary trade truce. It's a big relief because the damaging trade war between the world's two largest economies was set to deepen in January.The Nasdaq and the S&P 500 climbed more than 1% apiece."A truce is definitely better than an escalation of hostilities," Kit Juckes, strategist at Societe Generale, wrote to clients on Monday.Juckes said that even though investors may doubt the substance of the US-China agreement, "this morning's response reflects relief and a desire to pick up some last-ditch bargains."The relief rally comes after the S&P 500 spiked nearly 5% last week, its best since December 2011. That rebound was triggered by hopes of progress on the trade front and a speech by Federal Reserve chief Jerome Powell that investors interpreted as a signal the central bank will not rush to raise interest rates."The China trade situation is the keystone in the arch of agita," said Sam Stovall, chief investment strategist at CFRA Research.The progress on talks with China means "now we have a very good chance of experiencing a Santa Claus rally," said Sam Stovall, chief investment strategist at CFRA Research.It wasn't just US markets celebrating. Major indexes in Hong Kong and Shanghai surged more than 2.5%. And markets in London, Frankfurt and Paris climbed 2%. Commodities also raced higher. Copper and soybeans rallied. US oil prices, boosted by hopes of an agreement by Russia and Saudi Arabia to cut output, surged 4%.After meeting on Saturday, US President Donald Trump and Chinese President Xi Jinping agreed to hold their fire on tariffs while they try to reach a trade deal. Trump agreed not to raise the 10% tariffs on 0 billion worth of Chinese goods for now. Those tariffs had been scheduled to automatically rise to 25% on January 1. And China said it would be willing to purchase a "very substantial" amount of agriculture, energy and other US products.Still, some analysts warned that the celebration on Wall Street could be short-lived. China and the United States now only have 90 days to sort out nagging trade issues that have been in contention for years, if not decades. And the statements that emerged from the trade meeting lacked concrete details."The beefiest part of Saturday evening's meeting between Presidents Trump and Xi may well have been the local sirloin served for dinner," Nicholas Colas, co-founder of DataTrek Research, wrote to clients on Monday.Goldman Sachs economists said the most likely outcomes are that the truce gets extended after 90 days or that the trade war escalates. The investment bank sees just a 20% chance over the next three months of a comprehensive deal rolling back tariffs."The specter of higher and broader US tariffs remains," Goldman Sachs chief US political economist Alec Phillips wrote to clients on Sunday. 3014
The coronavirus pandemic has had a significant impact on pets.More than 4 million dogs, cats and other animals in the U.S. could be living in poverty with owners in the next 6 months, according to the American Society for the Prevention of Cruelty to Animals (ASPCA).If the national unemployment rate stays around 10%, more than 24 million pets could be in poverty. That's a 21% increase compared to February, before the pandemic.Pet food and veterinary care can be expensive. The ASPCA says a lack of affordable vet care and limited access to spay and neuter service are reasons driving people to give up their pets.RedRover is helping people afford care. They're seeing a 24% increase in urgent care grant applications compared to last year. The average amount of money they give out is 0.“It’s a very small amount of money, but what we've found is it really is that stopgap between helping them start service with start care with a veterinarian so you know just having a little bit to get going,” said Nicole Forsyth, President and CEO of RedRover.Your pet has to have a diagnosis before you can apply for a grant at RedRover.org. If you don't qualify, they'll help connect you with other resources.“When they talk to our case managers on the phone, the sense of relief and the sense also that it's OK for them to spend this money on their pets,” said Forsyth. “I think sometimes they're hearing messages from their friends and family like you know, ‘it's just an animal,’ you know, ‘why would you spend that kind of money.’ And so, having someone to talk to who understands.”The Humane Society has more resources on its website to find pet financial aid and discounted vet care close by. 1702

The Department of Justice issued a warning to the public not to fall for cards bearing the DOJ logo claiming exemption from state mask requirements amid the spread of COVID-19.“Inaccurate flyers or other postings have been circulating on the web and via social media channels regarding the use of face masks and the Americans with Disabilities Act (ADA) due to the COVID-19 pandemic,” the Department of Justice said. “Many of these notices included use of the Department of Justice seal and ADA phone number.”According to the Department of Justice, the ADA does not provide a blanket exemption to people with disabilities from complying with legitimate safety requirements necessary for safe operations.According to CDC guidance, only children under age 2, or anyone who has trouble breathing, is unconscious, incapacitated or otherwise unable to remove the mask without assistance are encouraged not to wear face coverings.This reminds me of when my friend and I got fake IDs in Times Square that just said “ID Card” and looked like someone had made them with a home laminator. pic.twitter.com/2a393OFkIs— The Hoarse Whisperer (@HoarseWisperer) June 25, 2020 1168
The founder of Twitter says the platform will soon remove the ability to "like" tweets.According to the Telegraph, Jack Dorsey spoke at a Twitter event last week where he said the feature would be gone "soon."The intent of this move is to improve the quality of debate on the social network.Twitter responded to the Telegraph's report with the following. 367
The first wife of the Texas church shooter described him as a menacing and abusive man who constantly threatened her and her family with death.Devin Patrick Kelley carried out the deadliest mass shooting in Texas history on Sunday, killing 25 people and an unborn child at First Baptist Church in Sutherland Springs, near San Antonio.In an interview Friday with the TV show "Inside Edition," Kelley's ex-wife, Tessa Brennaman, 25, said her life was filled with abuse when she was married to him. 508
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