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The Walt Disney Co. has “dramatically” slashed its advertising budget on Facebook and Facebook-owned Instagram, according to a report in the Wall Street Journal.It’s the latest setback for the social network, which is facing a growing advertising boycott over its policies and actions on hate speech on its platforms. The Journal, citing unnamed sources familiar with the matter, said the time frame for Disney’s pullback was not clear.Disney was Facebook’s biggest U.S. advertiser for the first six months of 2020, according to research firm Pathmatics Inc. Disney joins hundreds of other companies that have paused spending on the service. The report did not say whether Disney is officially joining the ad boycott. Some companies, such as Starbucks, are pulling back social media advertising due to hate speech and other concerns but have not officially joined the “Stop Hate for Profit” campaign.Representatives for Disney did not immediately respond to a Sunday message seeking comment.The economic fallout from the pandemic has also cut into companies’ advertising budgets.Facebook said it does not comment on individual advertisers. The company said in an emailed statement Sunday that it invests “billions of dollars each year to keep our community safe and continuously work with outside experts to review and update our policies.”“We know we have more work to do, and we’ll continue to work with civil rights groups, (the Global Alliance for Responsible Media coalition), and other experts to develop even more tools, technology and policies to continue this fight,” Facebook said. 1599

The Trump campaign has dropped a lawsuit in Arizona in which they were requesting a review of ballots cast on Election Day.The lawsuit was filed Saturday and claimed some voters were worried their ballots didn’t count correctly if the machines classified a race as “overvoted”, where more than one selection was made by mistake.A judge in Phoenix held a six-hour evidentiary hearing Thursday in the case. Later that night, CNN reports, the lawyer for the Trump campaign revised their earlier request and said they would only seek a review of vote counts if the number of “overvotes” exceeded the margin of victory.In paperwork filed with the court Friday morning, the secretary of state and officials with Maricopa County noted that the difference in votes between President-elect Joe Biden and President Donald Trump is 11,414 votes, with 10,315 ballots left to be counted.They also said 191 votes classified as “overvotes” in the presidential race, and they said that number is consistent with previous elections.Friday, lawyers for President Trump’s reelection campaign dropped the lawsuit, filing a notice of “partial mootness” with the court."Since the close of yesterday's hearing, the tabulation of votes statewide has rendered unnecessary a judicial ruling as to the presidential electors," wrote Kory Langhofer, a lawyer for the Trump campaign, in court papers. The lawyer said he did want the judge to rule on their requests to review votes for two down-ballot races. 1485

The stock market is still sinking but the selling frenzy has eased just a bit.The Dow opened down about 100 points on Thursday morning, rebounding from sharp overnight losses. The Nasdaq started positive before slipping back into the red. The S&P 500 lost about 0.6%.Wall Street is attempting to recover from Wednesday's plunge, which wiped 832 points off the Dow. The Nasdaq in particular has gotten rocked in recent days. Investors have bolted from the index, which contains many tech stocks, because they are concerned about holding some of the market's riskiest stocks in a downturn. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.The S&P 500 was on pace for its sixth-straight decline, something that hasn't happened since just before President Donald Trump's election nearly two years ago. And the Nasdaq has already plunged 8% this month."Halloween started early this month for investors," Ed Yardeni, president of investment advisory firm Yardeni Research, wrote to clients.Concerns about inflation were eased a bit by a report released on Thursday that showed consumer prices rose in September less than feared.Still, tech stocks including Amazon and Apple lost ground in early trading. Square (SQ) slumped 6% after announcing the departure of its chief financial officer. But other tech stocks showed signs of life. Netflix and Twitter were trading flat to slightly higher.Stocks have turned sharply south because investors are increasingly concerned about rising interest rates. As the Federal Reserve raises rates to prevent runaway inflation, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits. America's increasing debt load, a trade war with China and a slowing global economy have also unnerved investors.Wednesday's "rout has shaken investor confidence," Nicholas Colas, co-founder of DataTrek Research, wrote to clients. "That will take time to rebuild."The Dow plunged 832 points, or 3.2%, on Wednesday. Tech stocks took a beating, sending the Nasdaq tumbling 4% — its worst day since the Brexit referendum of June 2016.That dragged down stock indexes in the United Kingdom, Germany and France on Thursday, all of which fell more than 1%. Benchmark indexes in Shanghai and Tokyo closed down 5.2% and almost 4%, respectively. Hong Kong's market was down over 3%.The S&P 500's 3% plunge on Wednesday was rare. It's only happened in 0.6% of all trading days since 1952, according to Bespoke Investment Group.The good news is that the market often springs back to life after such a deep sell-off. Bargain hunters scoop up beaten-down stocks and calmer heads prevail. On average, the S&P 500 has gained 0.4% the day after a 3% slide, Bespoke said.That's what happened in February after the S&P 500 twice suffered 3% drops caused by fears about rising bond yields. Both sell-offs were followed by rebounds of more than 1% the next day.But Yardeni is optimistic the market will rebound because corporate profits are robust and no recession is in sight."We remain bullish on the outlook for earnings, and expect the market to recover and make new highs going into next year," Yardeni wrote.The-CNN-Wire 3435

The Republican nominee for a US House seat in Illinois has said the September 11 terrorist attacks were an inside job and that singer Beyonce Knowles has ties to the Illuminati.Bill Fawell is running against incumbent Democratic Rep. Cheri Bustos in Illinois' 17th District, where she won by 20 points in 2016 even though the district also voted narrowly for Donald Trump. Fawell won his uncontested primary in March. He has not reported any fundraising to the Federal Election Commission, per publicly available records.A KFile review reveals Fawell, a real estate broker, pushed conspiracy theories in blogs and his 2012 book, "New American Revolution."In his book, Fawell pushed a conspiracy theory that 7 World Trade Center collapsed as part of a controlled demolition and the attacks were a plot to destroy documents."Go to YouTube and punch in 'Building #7' It's the third building that went down with the twin towers on 9/11," Fawell wrote. "Nothing hit this building, not a thing, and it fell entirely upon its own. If it looks like a standard commercial implosion demolition, it's because that is exactly what it is.""It's interesting to note that the clandestine branch of the CIA was housed on the top floor," he added. "No personnel were lost, but any and all documents were destroyed, just like a giant shredder. The Pentagon was hit in a wing being remodeled (but few people), that held a mountain of paperwork regarding 1 trillion dollars which the Secretary of Defense, Donald Rumsfeld, was having trouble accounting for. That mountain of paperwork became a pile of ash."In a February 2013 post on the blog of a political action committee he established in 2012 called Elect a New Congress, Fawell said that Beyonce's husband, rapper Jay-Z, "has a long history of serving up the godless Illuminati" and shared a YouTube video that speculated that Beyonce's upcoming halftime performance at the Super Bowl would have Illuminati symbolism.The Illuminati is a secret society that serves as the basis for a popular conspiracy theory that alleges that many of the world's leaders and celebrities are masterminding world events.In the same blog post, Fawell said that the previous Super Bowl's halftime show, performed by Madonna, was satanic and influenced by the Illuminati. He also called Madonna a "narcissist skank with the crooked teeth."In an interview with CNN, Fawell stood by his blog posts and the theories he espoused on them. He said that Jay-Z and Beyonce expressed their support for the Illuminati in their videos, and that singer Taylor Swift had as well.In explaining his rationale that 7 World Trade Center didn't collapse on its own, he said, "There's no way that 1,500-degree jet fuel can melt steel that requires 2,500-degree temperatures to melt." He also acknowledged that he didn't expect any support from the national Republican Party apparatus.The Illinois Republican Party did not respond to a request for comment.Another Illinois Republican nominee for a House seat, neo-Nazi Arthur Jones, has been rejected by national Republicans and the state party for denying the Holocaust.In a 2014 post, Fawell speculated that New York City was going to be destroyed in a false flag attack by the deep state in either the year 2016 or 2017."New York City is going to be destroyed in the biggest, baddest false flag attack ever made by any organization upon the American People in a Pearl Harbor redux," Fawell wrote. (False flag attacks are acts designed by perpetrators to look like they were carried out by other individuals or groups.)He said that the attack would be made in an attempt to drag America into war, and that financial institutions were already withdrawing money from New York in preparation for the supposed attack.In another post in 2014, he wrote that then-President Barack Obama created false flag attacks to shore up support for his foreign policy intervention against ISIS.In addition to alleging conspiracies, Fawell used sexist and racist slurs against politicians.In one 2013 post he called former Secretary of State Colin Powell an "Uncle Tom" and called former Secretary of State Hillary Clinton a "bitch" as well as a witch.He also regularly called Obama "Barry Soetoro" and sometimes called him "Barry Goddamn Soetoro Barack Hussain (sic) Obama."When Obama lived in Indonesia as a child he sometimes was known as Barry Soetoro, as Soetoro was his stepfather's last name. Many conspiracy theorists allege that Soetoro is his real last name and use it to argue that he was not born in the United States.The-CNN-Wire 4578

The U.S. Food and Drug Administration has issued a warning about several hand sanitizer products that have been found to contain wood alcohol, which can potentially be deadly to ingest or on the skin.The FDA said the products from EskBiochem SA de CV in Mexico contain methanol, also known as wood alcohol, which can be deadly when absorbed through the skin or ingested. Substantial methanol exposure can result in nausea, vomiting, headache, blurred vision, permanent blindness, seizures, coma, permanent damage to the nervous system or death."Methanol is not an acceptable ingredient for hand sanitizers and should not be used due to its toxic effects," the FDA wrote in their statement.While anyone who puts methanol on their hands is at risk, officials say young children who accidentally ingest these products and adolescents and adults who drink these products as an alcohol (ethanol) substitute, are most at risk for methanol poisoning.On June 17, the FDA contacted Eskbiochem to recommend they remove its hand sanitizer products from the market. However, to date, the company has not taken action to remove the products from the market and the FDA is urging people to stop using them, and dispose of them properly. 1231