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Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the Dow Jones Industrial Average down nearly 1,200, its biggest one-day drop ever.The benchmark S&P 500 dropped down4.4% Thursday, its worst one-day drop since 2011.The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a "correction," which is decline of at least 10% from a high. The six-day correction is the fastest in history.Stocks are now headed for their worst week since October 2008, during the global financial crisis.The losses extended a slide that has wiped out the solid gains major indexes posted early this year. Investors came into 2020 feeling confident that the Federal Reserve would keep interest rates at low levels and the U.S.-China trade war posed less of a threat to company profits after the two sides reached a preliminary agreement in January. Even in the early days of the outbreak, markets took things in stride.But over the past two weeks, a growing list of major companies issued warnings that profits could suffer as factory shutdowns across China disrupt supply chains and consumers there refrain from shopping. Travel to and from China is severely restricted, and shares of airlines, hotels and cruise operators have been punished in stock markets. As the virus spread beyond China, markets feared the economic issues in China could escalate globally.One sign of that is the big decline in oil prices, which slumped on expectations that demand will tail off sharply."This is a market that's being driven completely by fear," said Elaine Stokes, portfolio manager at Loomis Sayles, with market movements following the classic characteristics of a fear trade: Stocks are down. Commodities are down, and bonds are up.The Dow dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1%. To put that in perspective, the Dow's 508-point loss on Oct. 19, 1987, was equal to 22.6%. Bond prices soared again Thursday as investors fled to safe investments. The yield on the benchmark 10-year Treasury note fell as low as 1.246%, a record low, according to TradeWeb. When yields fall, it's a sign that investors are feeling less confident about the strength of the economy.Stokes said the swoon reminded her of the market's reaction following the Sept. 11, 2001 terrorist attacks."Eventually we're going to get to a place where this fear, it's something that we get used to living with, the same way we got used to living with the threat of living with terrorism," she said. "But right now, people don't know how or when we're going to get there, and what people do in that situation is to retrench."The virus has now infected more than 82,000 people globally and is worrying governments with its rapid spread beyond the epicenter of China.Japan will close schools nationwide to help control the spread of the new virus. Saudi Arabia banned foreign pilgrims from entering the kingdom to visit Islam's holiest sites. Italy has become the center of the outbreak in Europe, with the spread threatening the financial and industrial centers of that nation.At their heart, stock prices rise and fall with the profits that companies make. And Wall Street's expectations for profit growth are sliding away. Apple and Microsoft, two of the world's biggest companies, have already said their sales this quarter will feel the economic effects of the virus.Goldman Sachs on Thursday said earnings for companies in the S&P 500 index might not grow at all this year, after predicting earlier that they would grow 5.5%. Strategist David Kostin also cut his growth forecast for earnings next year.Besides a sharply weaker Chinese economy in the first quarter of this year, he sees lower demand for U.S. exporters, disruptions to supply chains and general uncertainty eating away at earnings growth.Such cuts are even more impactful now because stocks are already trading at high levels relative to their earnings, raising the risk. Before the virus worries exploded, investors had been pushing stocks higher on expectations that strong profit growth was set to resume for companies after declining for most of 2019. The S&P 500 recently traded at its most expensive level, relative to its expected earnings per share, since the dot-com bubble was deflating in 2002, according to FactSet. If profit growth doesn't ramp up this year, that makes a highly priced stock market even more vulnerable.Goldman Sach's Kostin predicted the S&P 500 could fall to 2,900 in the near term, which would be a nearly 7% drop from Wednesday's close, before rebounding to 3,400 by the end of the year.Traders are growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon. They are pricing in a 96% probability of a cut at the Fed's next meeting in March. Just a day before, they were calling for only a 33% chance, according to CME Group.The market's sharp drop this week partly reflects increasing fears among many economists that the U.S. and global economies could take a bigger hit from the coronavirus than they previously thought.Earlier assumptions that the impact would largely be contained in China and would temporarily disrupt manufacturing supply chains have been overtaken by concerns that as the virus spreads, more people in numerous countries will stay home, either voluntarily or under quarantine. Vacations could be canceled, restaurant meals skipped, and fewer shopping trips taken. "A global recession is likely if COVID-19 becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in Italy and Korea," said Mark Zandi, chief economist at Moody's Analytics. The market rout will also likely weaken Americans' confidence in the economy, analysts say, even among those who don't own shares. Such volatility can worry people about their own companies and job security. In addition, Americans that do own stocks feel less wealthy. Both of those trends can combine to discourage consumer spending and slow growth.MARKET ROUNDUP:The S&P 500 fell 137.63 points, or 4.4%, to 2,978.76. The Dow fell 1,190.95 points, or 4.4%, to 25,766.64. The Nasdaq dropped 414.29 points, or 4.6%, to 8,566.48. The Russell 2000 index of smaller company stocks lost 54.89 points, or 3.5%, to 1,497.87.In commodities trading Thursday, benchmark crude oil fell .64 to settle at .09 a barrel. Brent crude oil, the international standard, dropped .25 to close at .18 a barrel. Wholesale gasoline fell 4 cents to .41 per gallon. Heating oil declined 1 cent to .49 per gallon. Natural gas fell 7 cents to .75 per 1,000 cubic feet.Gold fell 40 cents to ,640.00 per ounce, silver fell 18 cents to .66 per ounce and copper fell 1 cent to .57 per pound.The dollar fell to 109.95 Japanese yen from 110.22 yen on Wednesday. The euro strengthened to .0987 from .0897. 7132
-- one directly outside the synagogue, and one at a nearby kebab shop. Police have arrested the suspected gunman.A 35-minute video of the apparent attack posted online shows the suspected gunman, who had what appeared to be explosives in his car, trying to break down the synagogue doors, cursing in frustration and driving away.There were 70 to 80 people inside at the time, Max Privorozki, the head of Halle's Jewish community, told the German news magazine 461

With summer quickly approaching now is the time to start thinking, and planning, camp options. Don't panic because here are a couple of questions to keep in mind when looking for the right camp for your child.First of all, what are you child's interests? Sports? Drama? There are a plethora of different camps that focus on specific activities or themes.Just to list a few: Circle T Ranch for the equestrian child, or Lion Heart San Diego where children can learn Roman solider culture, which includes archery and fencing. For a full list on types of camps available click here. Also consider your child's specific developmental needs. Are they ready for an all-day program? Would they be more comfortable in an intimate versus large group setting?Not sure what you're looking for? San Diego Family also has some tips on how to find the right day camp. Click here for more info. 922
You’ve heard the presidential candidates fight it out. We’ll probably keep hearing from them for quite a while, no matter what the result is.But if you kept voting down your ballot, you probably voted for representatives to your state government. And this year, some people thought more than a handful of statehouses could flip from one party to another.Across the country, Democrats had the chance to flip 10 statehouses on election night, but six of the 10 remained under GOP control, while four are still counting results and remain too close to call.“There are still states that are counting so I don’t think we’re going to know the final numbers, but from what I’ve seen so far, it doesn’t seem like Democrats are kind of getting the statehouse wins that they were hoping for. My best guess at this point is Republicans will control the majority of statehouses once all the vote are counted,” said Sarah Chattfield, a political science professor at the University of Denver.She’s been watching the statehouse races.Statehouses have a ton of impact on state laws, budgets for important programs and schools, and they draw the lines for election districts every 10 years.“This year, we all just finished out the census and as a result of that, states are going to be redrawing their legislative districts. Some states do that with an independent commission, but the most common way is the state legislature redraws those districts,” said Chattfield.Every 10 years in the US, we redraw our legislative districts based on population. In many states, it becomes political.“If your party is in control of the state legislature, you can then draw districts to benefit your party,”So, the stakes were extra high this year. But in addition to redistricting, states control the state laws that impact the people in their states from speeding tickets to abortion to school funding to election laws, which we are seeing have a very real impact on the presidential race.“A huge amount of variation across the states in whether you’re in an all-mail state, or states where there’s very little absentee balloting and people have to show up. All of those are things that states are able to control,” said Chattfield.The impacts from the 2020 election across statehouses will shape the futures of many Americans for about a decade to come. 2335
and this time, the pigeons are being used to make a political statement. Pigeons were previously spotted in the Las Vegas valley wearing 139
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