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The head of OPEC has warned that a decision by President Donald Trump to abandon the Iran nuclear deal would harm the global economy.In an interview with CNNMoney, OPEC Secretary General Mohammad Barkindo said that any factor that prevents the smooth running of the oil industry "will not be in the interest of the global economy.""Whatever extraneous factor that affects supply or demand, will no doubt send the market into disequilibrium, which is not in the interest of producers, or the interest of consumers," he said when asked about the consequences of ditching the Iran nuclear agreement.Trump has repeatedly threatened to rip up the Iran accord, which he has described as "the worst deal ever." He said he plans to announce his decision on the matter on Tuesday at 2:00 p.m. ET.The United States and other powers agreed to lift some economic sanctions under the 2015 deal in return for Iran agreeing to rein in its nuclear program. The sanctions had limited energy investment and production, and Iran's oil industry has sprung back to life since they were lifted.Iranian oil exports have increased by roughly 1 million barrels per day since early 2016, and the big question is whether the market will be able to cope with a sharp drop in supply if sanctions are reimposed.Worries over potential supply disruptions have already caused oil prices to spike. They've surged nearly 13% over the past month and hit their highest level since 2014, while the price of US gas has jumped to a national average of .81 a gallon.Barkindo said that price hikes were being driven by "volatility that occasionally returns to the market" as a result of "geopolitical tensions."A Nigerian who is serving a three-year term as secretary general, Barkindo said that OPEC would continue to seek a balanced oil market. The interview was conducted before Trump said an announcement on Iran was imminent.The cartel and its allies agreed to slash output in late 2016, a response to oversupply and an oil price crash. The agreement has been extended until the end of 2018.The secretary general said it had taken four "long" years for OPEC to get where it is today, with prices hovering around .Barkindo said the cartel was committed to seeing the agreement through, but he hinted that market conditions could spur a change."We have always been flexible. There is nothing sacrosanct in this market," Barkindo said.  2414

The Mid-American Conference announced on Saturday that it would be canceling the fall season for all sports due to COVID-19 concerns. They become the first league competing at college football's Division I level to cancel their fall season over Covid-19 concerns. The Council of Presidents unanimously voted to cancel the fall season, citing the health and safety of the student athletes, coaches and communities as its top priority.With the MAC’s 12 schools facing a significant financial burden by trying to maintain costly coronavirus protocols, the conference’s university presidents made the decision to explore a spring season for football.MAC schools rely heavily on revenue from playing road games against power conference teams. Most of the power conference football games were canceled when other conferences went to exclusively or mostly in-conference games. Without the out-of-conference games, the strain of trying to implement all that it would take to keep players and staff safe during a pandemic became too much.Football isn't the only sport being canceled. All fall sports in the MAC, including men's and women's cross country, field hockey, men's soccer, women's soccer and women's volleyball, will not be played this season.Kent State University sent a message to its student's athletes regarding the MAC's decision to cancel fall sports this season, stating that all student athletes who receive a scholarship will get to keep it and that the school is reaching out to the NCAA to request an additional year of eligibility for those who would like it.Nine of 13 conferences at Division I’s second-tier of football, the Championship Subdivision, have already postponed their fall football seasons, with an eye toward making them up in the spring.The MAC has not announced a decision for winter sports at this time.The conference is working to plan for the 2021 spring semester and said it will continue to consult with its Medical Advisory Panel and will monitor COVID-19 developments as it makes its decision. 2038

The man accused of killing 17 people at Marjory Stoneman Douglas High School in Parkland, Florida earlier this year reportedly attacked a detention officer inside a Florida jail Wednesday morning.WTVJ-TV in Miami spoke to the Broward County Sheriff's office in Miami, who confirmed that Nikolas Cruz attacked an injured a detention officer at the Broward County Jail Wednesday morning. The condition of the injured officer is unknown.Cruz is the suspected shooter in the Feb. 14 shooting at Marjory Stoneman Douglas High School in Parkland, where 17 students and teachers were killed. Cruz was charged with 34 counts of premeditated murder and attempted murder in March and is currently awaiting trial.More on this as it develops.  779

The other shoe has dropped for struggling sneaker company Under Armour.Under Armour reported quarterly sales Tuesday that fell nearly 5% from a year ago, missing forecasts badly. The company also lowered its outlook for the year again.That news sent the company's two classes of stock down more than 15% Tuesday. They had already lost nearly half their value for the year ahead of the earnings report. (Under Armour's UAA shares have voting rights while the UA shares do not.)CEO Kevin Plank said in the earnings release that the biggest problem is lower demand for its shoes and athletic apparel in its home market of the United States.The Baltimore-based company has been growing internationally, with sales surging in Europe, Latin America and Asia during the quarter.But those markets are still relatively tiny for Under Armour. Revenue in North America makes up more than three-quarters of its overall sales -- and those sales plunged 12% in the third quarter.It's a stunning fall from grace for Under Armour, which not that long ago was gaining market share at the expense of Nike and Adidas.The company signed Golden State Warriors star Steph Curry a few years ago, a move that seemed like a slam dunk success, since Curry has gone on to win multiple NBA MVP awards and two championships.But several iterations of the Curry shoes have routinely been mocked on social media for not looking cool. Even Curry's teammate Kevin Durant, who endorses Nike, poked fun at Under Armour earlier this year.Making matters worse, there have been reports of supply chain issues with the new Curry 4 line of sneakers. And Under Armour confirmed during its conference call with analysts Tuesday that it will delay some products to the fourth quarter.Under Armour also suffered from bad PR earlier this year after Plank agreed to join the White House's now defunct manufacturing council. Plank said in an interview with CNBC that "a pro-business president is something that is a real asset for the country."Curry told The Mercury News that he agreed with Plank -- but only "if you remove the 'et' from asset." Other professional athletes have been vocal about their disagreements with Trump as well.As such, Plank -- like many other CEOs -- has distanced himself from Trump lately.After Trump was reluctant to criticize neo-Nazis at a white supremacist rally, he then bashed Curry for not wanting to visit the White House and attacked athletes who protested the national anthem. Under Armour has come to the defense of its star endorsers.But that hasn't been enough to rejuvenate Under Armour's flagging sales or stock price.Meanwhile, Adidas has thrived in the past year while Under Armour and Nike have both struggled. Even Skechers has enjoyed a resurgence lately.So what can Under Armour do to get back on track? Neil Saunders, managing director of the research firm GlobalData Retail, wrote in a report that the company should continue to focus on expanding globally, which has been successful for Under Armour.But Saunders added that the company has to do more to court women as consumers, as Nike, Adidas and yoga apparel king Lululemon have successfully done."Under Armour is not so broken that it cannot be fixed. But the days of glory, when it would post double-digit uplifts in sales, are over. Now is the time to work out, slim down, and become more competitive," Saunders wrote.  3394

The Hawaiian Volcano Observatory reports an eruption at the Halemaumau Crater of the Kilauea Volcano. Trade winds will push any embedded ash toward the Southwest. Fallout is likely in the Kau District in Wood Valley, Pahala, Naalehu and Ocean View. Stay indoors to avoid Exposu— COH Civil Defense (@CivilDefenseHI) December 21, 2020 349

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