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Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook.The Dow closed down 396 points and the Nasdaq tumbled 3%.Facebook stock fell nearly 6% as the company continues to deal with the fallout from a New York Times article that detailed Facebook's reaction to political scrutiny and its Cambridge Analytica scandal. CEO Mark Zuckerberg has reportedly adopted a more aggressive, "war"-like style, according to the Wall Street Journal.Alphabet was also down 4%. It is now down 20% from its peak in July, placing it in bear market territory.Early in the day, stocks fell on news that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The 9 iPhone XR is the least expensive new iPhone, but it costs more than last year's cheapest model, the iPhone 8.The iPhone XS Max can cost up to ,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models.Apple declined to comment about the Journal story or broader concerns about iPhone demand.Shares of Apple fell 5% and have now plunged about 20% from the all-time high it hit a few months ago, when Apple (AAPL) was worth more than trillion.The stock ended a 5-day losing skid on Friday after an analyst at Morgan Stanley suggested that the supplier concerns are overdone.Apple, which is a member of the Dow, was hurting the blue chips too.Several makers of chips and other components used in iPhones have warned of soft sales and profit in recent weeks, citing sluggish demand for higher-end smartphones.To that end, shares of Apple suppliers, such as Qorvo (QRVO), Broadcom (AVGO), Cirrus Logic (CRUS) and even Apple's key Anrdoid phone rival Samsung were all lower Monday too. Samsung also makes chips for iPhones.Investors have other reasons to be concerned about the future of Apple -— as well as other big tech companies for that matter.Apple CEO Tim Cook said on the "Axios on HBO" show Sunday that he expects Washington to crack down on tech firms in the wake of high-profile privacy scandals, such as the Cambridge Analytica problems that have plagued Facebook (FB)."I am not a big fan of regulation," Cook said to Axios on HBO. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation."HBO, like CNN, is part of WarnerMedia, which is owned by AT&T (T). 2745

TAMPA, Fla. — In an ironic twist, a bond hearing for the Tampa teen accused of hacking the Twitter accounts of politicians, celebrities and technology moguls got hacked this week.The bond hearing took place over Zoom. During the hearing, the judge and attorneys were interrupted several times with people shouting racial slurs, playing music and showing pornographic images.Seventeen-year-old Graham Clark is accused of using the hijacked Twitter accounts to scam people around the world out of more than 0,000 in Bitcoin.The accounts included Bill Gates, Barack Obama and Elon Musk. Prosecutors believe Clark got access by convincing a Twitter employee he was a coworker. He faces numerous charges including 17 counts of communications fraud and 11 counts of fraudulent use of personal information.Clark was arrested Friday and entered the not-guilty pleas Tuesday.The judge denied a motion to reduce Clark's bond. He remains in jail with bond set at 5,000.The next hearing is scheduled for October 7, and officials say it will be password protected.This story originally reported by Matthew Borek on abcactionnews.com. 1135

Sully H.W. Bush, a yellow Labrador service dog who worked with the late former President George H.W. Bush, will be traveling with Bush's casket on his flight to Washington, DC, according to a source familiar with the plans.Jim McGrath, Bush's spokesman, posted an image of Sully next to Bush's casket on Sunday along with the caption, "Mission complete."Sully is named after former airline pilot Chesley B. "Sully" Sullenberger III, who became famous for landing a damaged passenger jet on the Hudson River and saving all 155 passengers and crew in 2009.A highly trained service dog, Sully will now go back into service to help other veterans and is going to Walter Reed National Military Medical Center, former President George W. Bush wrote in an Instagram post. 777

The 90th Academy Awards are tonight!Late-night host, Jimmy Kimmel, will once against host the annual awards show at the Dolby Theatre in Hollywood, California -- hopefully with no envelope malfunctions this year.Whether you're watching the show at home or with friends, you can download the official Oscar ballot and make your predictions. View the nominees. 376

Starbucks says it has developed a solution to block customers from viewing pornography on its free public Wi-Fi.The coffee giant originally promised to block pron sites in 2016 as soon as it developed a system to block graphic sites. Starbucks has not divulged details on how its content filtering system will work.According to Business Insider, Starbucks' policy change comes after a petition issued by an internet safety group Enough Is Enough garnered 26,000 signatures. The group's CEO, Donna Rice Hughes, claims that by allowing unfiltered Wi-Fi, Starbucks was "keeping the doors wide open for convicted sex offenders and others to fly under the radar from law enforcement and use free, public Wi-Fi services to access illegal child porn and hard-core pornography."Starbucks said in a statement to The Verge that “While it rarely occurs, the use of Starbucks public Wi-Fi to view illegal or egregious content is not, nor has it ever been permitted...We have identified a solution to prevent this content from being viewed within our stores and we will begin introducing it to our US locations in 2019.”According to Enough Is Enough, Starbucks was lagging behind other restaurant chains like McDonald's and Subway, both of which banned pornography on their Wi-Fi networks in 2016.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1399