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Congratulations to President-elect Biden and Vice President-elect Harris. This election was hard-fought by both candidates and ultimately the voters chose them for the job. America now looks to you to lead our country and unite us for the common good.— Rep. Paul Mitchell (@RepPaulMitchell) November 7, 2020 315
Corporate America is coming to Wall Street's rescue.The Dow soared?548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses.Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%.Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher."It's a bounce back after an overdone situation last week," said David Joy, chief market strategist at Ameriprise Financial.Market sentiment was lifted by earnings beats from Goldman Sachs, Morgan Stanley and Johnson & Johnson. Adobe and UnitedHealth added to the good news by offering upbeat guidance for 2019.Taken together, the corporate report cards underscore the ability of businesses to cash in on the strong US economy. And the results should ease fears about the US-China trade war."We're focusing back on fundamentals," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. Suzuki called Tuesday's rally a "reflexive rebound."Last week, the Dow, S&P 500 and Nasdaq all suffered their worst week since March. At one point, the Dow plummeted more than 1,000 points in just two trading days.Despite Tuesday's advance, all three major indexes remain firmly in the red for the month.One major source of investor nervousness has improved: bond yields. A sudden spike in 10-year Treasury rates above 3.25% spooked markets. The rapid climb in rates was driven by the strong economy, the surging federal deficit?and concerns about a more aggressive Federal Reserve.Investors feared higher borrowing costs that could slow growth and sudden competition for the stock market from boring bonds.But Treasury rates, which move in the opposite direction of prices, eased late last week as investors poured cash into the safety of government bonds. Rates have stabilized at around 3.15%, relieving stock market bulls."That has reassured people that this is not the start of something much worse that could really sidetrack the market," said Bruce McCain, chief investment strategist at Key Private Bank. 2288

Country legend Garth Brooks started the County Music Awards on Wednesday night by paying respects to the 12 people killed at the Borderline Bar & Grill last week."On behalf of our country music community I want to say that tonight's show is lovingly dedicated to the 12 individuals who we lost far too soon just a week ago tonight at the Borderline in Thousand Oaks, California," Brooks said as a sea of camera phone lights illuminated the stadium. "Tonight let's celebrate their lives, let the music unite us with love and their enduring memory. So please join me now in a moment of silence."The Borderline Bar & Grill, is a college country bar 40 miles west of downtown Los Angeles. The night of November 7 turned deadly when a gunman forced his way into the bar and opened fire.Police later identified the gunman as Ian David Long, a 28-year-old US Marine Corps veteran. He was pronounced dead after officers arrived. 943
COLLIER COUNTY, Florida — Troopers are sharing a video of a wrong way driver on Interstate 75 to highlight the dangers of impaired driving.Florida Highway Patrol's Lt. Greg Bueno shared the video on Twitter Thursday.The video, recorded early Tuesday morning along Alligator Alley, shows a car speed by driving the wrong direction. The trooper immediately turned around and crossed the median to follow the driver.Shortly after, the trooper sees the wrong way driver making a U-turn, and the trooper crosses the median again to pull the driver over.Lt. Bueno urges drivers to report impaired drivers by calling *FHP on their cell phone. 654
CORAL SPRINGS, Fla. — A Florida family says they were recently targeted by a terrifying kidnapping scam.Katie and Steve Watson live in Coral Springs, Florida and want to warn families about the crime.Katie tells WPTV that she received a call on Monday from a number she didn’t recognize. On the line she heard a whimpering child, then a mysterious man say he had kidnapped Katie’s daughter, Chloe."All of a sudden a man's voice came on the line, and he said, 'Katie I have your daughter. She's in the back of my van,' " Watson told WPTV on Tuesday.Katie said she quickly hung up, feeling in her gut that it was scam. "That's really part of what gave me the chills was somebody calling me by my name," said Watson. "That was unsettling."Katie says she figured it was a scam, but then got a bad feeling when she checked her daughter’s location through her phone's GPS.It initially said her daughter was at Westglades Middle School in Parkland, which Chloe attends. But then the GPS suddenly jumped to another location in Parkland.Upon further investigation, the Watsons found that her daughter was indeed at school, and more importantly, safe."I got chills all over my body and I was like, OK, I know that was a scam but that's like every parent's worst nightmare is to hear your kid has been kidnapped," said Watson.The FBI calls this a virtual kidnapping scam and says it’s evolved over the years and become more sophisticated.In the calls, a crook says he’s kidnapped your loved one and demands money in exchange for their safe return.In the Watsons' case, however, the scam was taken to a frightening new level with the use of a whimpering child on the line.The FBI offers these tips so you don’t become a victim: 1748
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