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The football schedule starts as early as the weekend of Sept. 5 with final games slated for Nov. 21 to align with academic calendars. The Big Ten Football Championship Game remains scheduled for Dec. 5 at Lucas Oil Stadium, though it could be moved as late as Dec. 19. pic.twitter.com/vWp3OSifBc— Big Ten Conference (@bigten) August 5, 2020 348

The erratic stock market just made a serious comeback.Fears about slowing earnings growth sent the Dow careening 549 points lower on Tuesday before the index raced back to life.By the closing bell, the Dow was only down 126 points, or 0.5%.Similarly, the Nasdaq closed down 0.4%, erasing the vast majority of a 2.6% plunge. The index also climbed out of a technical correction, a 10% decline from prior highs.The S&P 500 suffered its fifth straight loss. But the broad index finished just modestly lower after touching its weakest point in nearly four months.Market veterans saw little reason for the dramatic recovery -- other than the fact that stocks had gotten to oversold levels."It was an impressive day. We reversed on very little news," said Art Hogan, chief market strategist at B. Riley FBR.Hogan pointed to how the rebound was led by two of the most beaten-down corners of the market: homebuilders and chip makers.Stocks sold off early on Tuesday after major US companies reported gloomy results and guidance. Disappointing numbers from Caterpillar and 3M reinforced ongoing concerns about how long blockbuster profits can last, especially given tariffs and rising costs."Investors are skittish about whether we've seen a peak in earnings," said Mark Luschini, chief market strategist at Janney Capital Management. "It's a schizophrenic market environment where things that didn't matter suddenly do."It's been a scary month for investors. The Dow and Nasdaq are on track for their worst months since January 2016."The market is fragile," said Rich Guerrini, CEO of PNC Investments. "But we're telling our investors to relax. We're in a correction. I think the market does have some legs left."The CNN Business Fear & Greed Index slipped further into "extreme fear." A month ago the gauge of market sentiment was flashing "extreme greed."Wall Street was also spooked by extreme turbulence in China, the epicenter of the trade war. The Shanghai Composite dropped 2.3% overnight. The sell-off wiped out a chunk of Monday's spike, the benchmark index's best day since March 2016. 2114

The FDA said in a news conference on Friday that there have been “roughly" five adverse reactions to Pfizer’s coronavirus vaccine, which began distribution earlier this week.According to FDA and Pfizer officials, 2.9 million doses of the vaccine was distributed this week. Those doses mostly went to health care workers and those living and working in assisted living facilities. It’s unclear exactly how many of those 2.9 million doses have been administered, as of Friday.Dr. Peter Marks, director of the Center for Biologics Evaluation and Research, told reporters on Friday that one of the five adverse events caused a serious reaction. Marks did not go into detail on the locations or conditions of all the cases. The FDA has not responded for a request for additional information.Marks said that a case in Alaska was the most serious of the reactions being investigated.“We will continue to watch these closely. It is difficult to talk about them without any kind of good certainty until we have more information on them,” Marks said.FDA officials said that it’s possible the reactions were from the vaccine’s active ingredient polyethylene glycol. According to government information, the ingredient can cause known side effects such as bloating, diarrhea, nausea, cramps, gas and hives.FDA administrator Dr. Stephen Hahn said that the vaccine’s monitoring program is working well.“One of the things the FDA does well and uniquely is really getting to the bottom to events like allergic reactions,” Hahn said.On Friday, a second vaccine received FDA authorization. The vaccine from Moderna received an emergency use authorization, which means the vaccine can now be administered outside of a clinical or hospital setting. 1736

The counting is over. Now, the recounting begins.More than three days after the polls closed in Florida, the secretary of state announced on Saturday afternoon that the razor-thin races for governor, senator and agriculture commissioner will be reviewed in a series of recounts.According to unofficial results filed by the counties, Republican Gov. Rick Scott leads incumbent Democratic Sen. Bill Nelson by more than 12,500 votes, or about .15%. The spread in the governor's race is larger, with Republican former Rep. Ron DeSantis ahead of Democratic Tallahassee Mayor Andrew Gillum by nearly 34,000 votes, for a lead of .41%. In the narrowest contest, Democratic agriculture commissioner Nikki Fried's advantage stands at 5,326 votes — just .06% — over Republican Matt Caldwell.With the margins in all three contests at under .5%, the votes will now be recounted by machine. That process must be finished by Thursday at 3 pm ET. Races within .25% will then go to a hand recount of overvotes and undervotes. An overvote means a voter selected more than the allotted options on the ballot; an undervote means a vote selected fewer than the available choices or, in these races, none. The Senate race and the contest for agriculture commissioner both currently both fall within .25%.The Senate race and the contest for agriculture commissioner both currently both fall within .25%.In a statement after the unofficial count was made public, Scott's campaign called on Nelson to opt out of a recount, which is his option under state law."It's time for Senator Nelson to accept reality and spare the state of the Florida the time, expense and discord of a recount," said Scott spokesman Chris Hartline.While the politicians tweeted and activists kicked off new protests this weekend, demonstrators on the streets outside the Broward County Supervisor of Elections office on Friday targeted Snipes, chanting "lock her up" and "fake votes don't count" as she and others worked inside trying to finish the initial vote count. "Make America Great Again" and "Trump 2020" signs and hats were also visible as a group carrying signs supporting Scott and DeSantis were met by another backing the Democrats, as nose-to-nose screaming matches nearly escalated into physical altercations.Scott escalated already rising tensions across the state on Thursday night, when in a news conference he took a page from President Donald Trump and, without citing any evidence, accused "left-wing activists in Broward County" of trying to steal the election for Nelson. The county, in deep-blue portion of South Florida, is notoriously slow in counting its votes and as its tally mounted, Scott's lead had predictably diminished. In a series of tweets on Friday, Trump picked up the thread and accused the Democrats of attempting "Election Theft in Broward and Palm Beach Counties."But Scott's request for an investigation into election-related fraud did not go far. On Friday, the Florida Department of Law Enforcement said it was told by the Department of State, which is run by a Republican Scott-appointee, that they had received "no allegation of criminal activity." Still, Scott's campaign issued an ominous-sounding statement on Saturday morning "encouraging every Florida Sheriff to watch for any violations and take appropriate action."Meanwhile, Nelson's campaign filed suit against the state over its process for validating vote-by-mail ballots.Democratic lawyer Marc Elias, who is running the Nelson recount effort, argued that Florida's signature matching process put an undue onus on the "untrained opinions" of poll workers, which led to a "complete lack of uniformity" in how the ballots were being judged."This serves as an outright disenfranchisement and burden on the right to vote," Elias told reporters on a call Friday.South Carolina Sen. Lindsey Graham has also injected himself into the fight, alleging on Thursday and Friday -- like Scott and the President, with no proof -- that there are "shenanigans going on in Broward and Palm Beach" before suggesting that a sinister cabal of liberals from Washington was at work trying to rig the election. In fact, out-of-state lawyers from both parties, including a handful who had significant roles 18 years ago, have been flocking to Florida ahead of the recount.Leading a call for Scott's campaign on Saturday, Graham touted Scott's legal team and again skewered Broward and Palm Beach election officials for their lack of transparency."Rick has a good team of lawyers," Graham said. "Lawyers are not going to decide this race, the voters will. I support every valid vote being counted. But I also support the rule of law when it comes to voting."Around the state on Friday, allegations and rumors of misplaced or lost votes fueled simmering anger and confusion as the campaigns, lawyers, operatives and freelance rabble-rousers girded themselves for a re-run of the pitched partisan combat that took over the state during the 2000 presidential recount.Outside a mail distribution center in Miami-Dade County, a group of activists with images they said showed undelivered ballots inside tried and failed to get a meeting with a supervisor. Later in the day, a spokeswoman for the U.S. Postal Service said it was "researching the matter to verify that all ballots have been handled in accordance to USPS service standards."Detailed updates on the state of the race had been hard to come by ahead of Sunday's noon reporting deadline, leading Scott to successfully sue top election officials in Broward and Palm Beach Counties for information on the total votes cast and how many of them had been canvassed.In Broward, Supervisor of Elections Brenda Snipes turned over information to Scott and his team for review late Friday. But before midnight, the campaign pushed out a new press release claiming Snipes had not fully complied with the court order "because she refuses to confirm whether or not additional ballots exist that must be counted."Adding to Broward County's troubles, a CNN analysis of votes cast there suggests that ballot design could be responsible for a substantial difference in the number of votes cast between the race for governor and the race for senator in Florida. 6239

The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.The Fed reported Wednesday that its latest survey of economic conditions around the country found improvements in consumer spending and other areas but said the gains were from very low levels seen when widespread lockdowns push the country into a deep recession.And the report said that business contacts in the Fed’s 12 regions remained wary about the future.“Outlooks remained highly uncertain as contacts grappled with how long the COVID-19 pandemic would continue and the magnitude of its economic implications,” the Fed said in its latest Beige Book.Economists said the Fed survey underscored how uncertain the outlook was at present.“Last month’s optimism as businesses were reopening has since given way to concerns over reinforced shutdowns, announced delays in school openings and growing consumer fears,” said Curt Long, chief economist of the National Association of Federally-Insured Credit Unions. “A smooth path back to normal was never likely, but it will still leave consumers and businesses more cautious until a vaccine is ready and widely available.”The information in the report will provide guidance for Fed officials at their next meeting on July 28-29. Economists expect the central bank to keep its benchmark interest rate at a record low as it tries to cushion the economy from the pandemic downturn.The Beige Book found only modest signs of improvement in most areas, noting that consumer spending had picked up as many nonessential businesses were allowed to reopen, helping to boost retail sales in all 12 Fed districts but construction remained subdued.Manufacturing activity moved up, the report said, ’but from a very low level.”The economy entered a recession in February, ending a nearly 11-year long economic expansion, the longest in U.S. history. Millions of people were thrown out of work and while 7.3 million jobs were created in May and June that represented only about one-third of the jobs lost in March and April.And now, in recent weeks with virus cases surging in many states, there are concerns that the fledgling recovery could be in danger of stalling out.The Beige Book reported that employment had increased in almost all districts in the latest survey, which was based on responses received by July 6, but layoffs had continued as well.“Contacts in nearly every district noted difficulty in bringing back workers because of health and safety concerns, child care needs and generous unemployment insurance benefits,” the Fed said.The report said that many businesses who had been able to retain workers because of the government’s Paycheck Protection Program said they might still be forced to lay off staff if their businesses do not see a pickup in demand.The Fed in March cut its benchmark interest rate to a record low of 0 to 0.25% and purchased billions of dollars of Treasury and mortgage-backed bonds to stabilize financial markets.But Fed officials have recently expressed concerns that a resurgence of the virus in many states may require more support from the central bank and from Congress.Fed board member Lael Brainard said in a speech Tuesday that the economy was likely to “ face headwinds for some time ” and that continued support from the government will remain “vital.”The Trump administration has said it plans to negotiate another support package once Congress returns from recess next week. Republicans and Democrats remain far apart on what should be in the new package with Democrats pushing for a package of around trillion while GOP lawmakers have called for smaller support of around trillion.Congress will only have two weeks to reach a compromise before two of the most popular programs providing paycheck protection for workers and expanded unemployment benefits expire. The unemployment support provided an extra 0 per week but many Republicans say that amount was too high and kept some people from returning to work. 4106

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