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Roseanne Barr apologized after a bizarre, racist Twitter rant Tuesday morning, and then announced she's "now leaving Twitter." Following the rant, one of the show's consulting producers, Wanda Sykes, said she's done with the show."I will not be returning to @RoseanneOnABC," Sykes tweeted.Her announcement came just minutes before ABC announced that it is canceling "Roseanne."Earlier on Tuesday, Bar tweeted an apology to Valerie Jarrett and "all Americans.""I am truly sorry for making a bad joke about her politics and her looks,"Barr tweeted. "I should have known better. Forgive me-my joke was in bad taste." Barr then said she's leaving Twitter.The star of ABC's hit reboot of "Roseanne" wrote early Tuesday morning, "Muslim brotherhood & planet of the apes had a baby=vj." Barr was responding to a comment about Jarrett, a top former aide to president Obama. She later deleted the tweet.CNN reporter Andrew Kaczynski responded to Roseanne on Twitter about the Jarrett comment, which she replied was "a joke."Social media immediately lit up with criticism of both Barr and ABC, with some demanding a response from the broadcast network. ABC has not replied to CNNMoney's request for comment.In the past, ABC executives have privately said that they hold their noses when Barr tweets. They know some of her posts have been problematic -- full of pro-Trump conspiracy theories that mislead her fans.The executives want Barr to focus on her show. But they seem to take the position that there's no controlling Barr, and that's what makes her the successful comic she is.ABC employees shared these views on condition of anonymity earlier this year, before the current Twitter controversy.Barr also made comments on Twitter about Chelsea Clinton, tweeting, "Chelsea Soros Clinton." She later replied in the comments that Clinton is "married to Soros nephew." Soros is a billionaire liberal benefactor who has been the subject to many right-wing conspiracy theories over the years.Clinton responded to Barr shortly after."Good morning Roseanne - my given middle name is Victoria. I imagine George Soros's nephews are lovely people. I'm just not married to one," she wrote.Barr responded back to Clinton saying, "Sorry to have tweeted incorrect info about you! Please forgive me!"She then continued, "By the way, George Soros is a nazi who turned in his fellow Jews 2 be murdered in German concentration camps & stole their wealth-were you aware of that? But, we all make mistakes, right Chelsea?"This conspiracy theory about Soros has been debunked many times. The fact-checking site Snopes called it "false" back in 2016.Roseanne's rant is nothing new to those who follow the sitcom star on Twitter. The star bred controversy on the site before.The premiere of Roseanne's reboot was one of the highest-rated new shows of the season, and Barr is one of the network's biggest stars, if not its biggest.However, after the huge debut, which brought in more than 18 million live viewers, the show saw its audience come back down to earth. Its finale, which aired last week, nabbed roughly 10 million viewers.MSNBC's "Morning Joe" host, Joe Scarborough, was critical of ABC on Twitter following the rant."Hey @ABC, Roseanne Barr compared Valerie Jarrett to an ape. There is no apology she can make that justifies @ABC turning a blind eye to this bigotry by airing another second of her show," he tweeted. "Even in the Age of Trump, there are red lines that can never be crossed. This is one."Others like civil rights activist DeRay Mckesson called on the network to cancel the show.".@ABC, how desperate are you to profit from Roseanne's racism? We know racism sells in this country, it always has. But you don't have to participate in it," he tweeted. "This apology is meaningless. Cancel Roseanne."The-CNN-Wire 3823

Rising prices and plummeting listings — not to mention a global pandemic, record unemployment and recession — didn’t keep first-time home buyers from the market in the second quarter of 2020.Ordinarily, in April, as the second quarter of the year begins, homebuying season is well underway, and inventory and prices are both rising toward a summer peak. But the second quarter of 2020 was unusual, to say the least.Across the nation and among the most populous metropolitan areas, prices increased modestly in the second quarter and inventory became even more constrained in an already sparse market. Homeowners who’d been planning to sell reconsidered — though listings ticked up slightly in April, they fell sharply in May and June — and people who’d been thinking of buying, at a minimum, took a beat. But real estate professionals scrambled to implement virtual tours and finalize home purchases in parking lots, and market participants, particularly economically secure buyers, cautiously came out of hiding.Lured in part by record low mortgage rates, first-time home buyers made up 35% of existing home sales in June, according to the National Association of Realtors, a higher share than in the past several years. For first-timers who have stability in the COVID-19 economy, and the wherewithal to stomach a highly competitive market, buying can still make sense.In this quarterly report, we analyze median incomes in the first-time home buyer age range (25-44) compared with listing prices among the 50 most populous metro areas to come up with an affordability ratio. Budgeting for a home that costs roughly three times your annual income (an affordability ratio of 3.0) has been a rule of thumb for years, but first-time buyers often have to stretch beyond this to account for higher prices in metro areas and their lower incomes compared with repeat buyers. By weighing the affordability ratio versus home availability in the largest metro areas, we can get an idea of the conditions first-time buyers are facing when they set out to become homeowners.By looking at both quarter-over-quarter and year-over-year changes, we can get a better picture of the effects of the COVID-19 economy on this year’s homebuying market. The former can provide insight into chronological market responses to the pandemic — our first-quarter affordability report captured data only through March, just the beginning of 2020’s atypical spring season. The latter can show how this year’s second quarter contrasts with similar periods in relatively normal times.Affordability down overallHouses got slightly more out of reach for first-time home buyers in April through June, rising nationally from 4.5 times first-time home buyer income in the first quarter to 4.7 times in the second, and among the 50 largest metros from 5.1 to 5.2 times first-time buyer income. This trend is expected at this time of year. Home prices rise as the housing market heats up in the late spring and summer, but incomes don’t rise in a similar seasonal fashion. If anything, we might’ve expected a more dramatic change, but economic uncertainty on the part of sellers could have kept steeper list price increases at bay.Nine of the 50 metros analyzed bucked this trend and saw affordability improve, but barely, sometimes only by a fraction of a percent.The five most affordable metros for first-time home buyers in the second quarter include Pittsburgh (homes listed at 3.1 times first-time buyer income), St. Louis (3.4), Cleveland (3.5), Hartford, Connecticut (3.5), and Buffalo, New York (3.6). The least affordable, all in California, include Los Angeles, topping the list for the second quarter in a row, with homes listed at 12 times first-time buyer income; San Diego (9.0); San Jose (8.2); San Francisco (7.6); and Sacramento (6.6).First-time buyer guidance: Homes get less affordable in late spring to early summer, and in this regard, the second quarter of 2020 is no different. First-time buyers who are economically secure may be able to make up for the rise in home prices by qualifying for record low mortgage rates. For example, the monthly payment on a 0,000 mortgage at 4.1% interest — roughly the average rate a year ago — is ,160 per month, with 7,483 in interest over the 30-year life of the loan. However, at today’s rate of 3.1%, you’d pay ,025 per month and 8,942 in interest over the life of the loan — nearly ,000 in savings, total, and a 5 monthly break on your payment. Use a mortgage calculator to see what the difference in rates means for your budget.Unseasonal scarcity in the second quarterEven in years when supply is limited, an influx of homes hits the market during the spring homebuying season. Nationally, inventory grew 10% from the first to the second quarter of 2018, and 6% during that period last year. But in 2020, nationwide inventory dipped, albeit slightly, by about 2% quarter-over-quarter.Half of the largest metros in the country saw a decrease in average active listings from Q1 to Q2, with the largest quarter-over-quarter declines in Cleveland (-17%), Louisville, Kentucky (-14%), and Memphis, Tennessee (-14%). However, other large metros saw remarkable increases: San Jose (+62%), Denver (+47%) and San Francisco (+39%), for example. These dramatic climbs helped push the average quarter-over-quarter change among the largest 50 metros to +4%.Stepping back to look at year-over-year changes and how the supply of homes changed from Q2 2019, we found inventory dropped 23% among the 50 largest metros, on average, with 21 metros witnessing a decrease in available homes of 25% or more. Active listings in Las Vegas decreased 8%, the smallest quarterly drop of any metros analyzed and the only one of less than 10%.We’ve been in a strong seller’s market for some time now, as the supply of homes hasn’t kept pace with demand. Having fewer homes hitting the market during the first months of the pandemic only stood to worsen the situation. A highly competitive market has grown even more so, and buyers without room to negotiate could be priced out entirely.First-time buyer guidance: If you’re at all uncertain about your economic security this year and buying would mean an increase in overall housing costs or leave you with no source of emergency funds, you may want to postpone your first home purchase. The low supply of homes means you’re less likely to find a home that checks all the boxes on your wish list. A loss of income, a bout of poor health or caring for a sick loved one could be overwhelming on top of a down payment, closing costs and the expenses associated with moving.Home prices rise, as expectedWe expect prices to rise as the housing market heats up, and if 2020 is sticking to the script in any way, this is it. From the first quarter to the second, national median list prices grew 7% in 2018 and 8% in 2019. This year, they grew 7% nationally, and slightly less, 5%, on average, among the largest metros, quarter-over-quarter.Year-over-year growth was similar, rising about 3%, on average, among the 50 largest metros, after adjusting for inflation.This overall relatively unremarkable growth in prices is one silver lining for first-time buyers. Having a dramatic shortage of homes for sale could drive prices up, but it doesn’t appear that sellers are listing their homes disproportionately higher than last quarter or than at this time last year. That said, list prices are only part of the story, and there’s little doubt that the lack of supply is driving hard bargaining in the negotiation process.First-time buyer guidance: The price you see on a listing doesn’t tell the whole story. If you’re shopping in a seller’s market, be ready to act fast with an offer and compete with other buyers. You may end up paying more than list price, so shopping for homes listed under your max budget will give you a little more wiggle room if you find yourself in a bidding war.Metro spotlight: Cincinnati, Cleveland and ColumbusOhio has three metro areas in our analysis. It was also among the first states to begin canceling large events, declare a state of emergency and issue statewide restrictions to slow the spread of COVID-19. These factors may have played a role in changes in the local housing markets.Cincinnati, Cleveland and Columbus were some of the more affordable populous metros in the second quarter, with home prices averaging 4.7, 3.5 and 4.5 times the median first-time home buyer income, respectively. Even so, all three showed rising prices compared with the same period last year. Median home prices in Cincinnati rose 12%, the third-highest increase of all metros analyzed.But the big story in these Ohio metros is a lack of availability. Though inventory among all metros analyzed fell 23%, on average, compared with last year, it fell 34% in Cincinnati, 33% in Cleveland and 25% in Columbus.When comparing this quarter’s listed homes with last quarter’s, we find a similarly dramatic decrease. Cleveland saw the largest quarter-over-quarter dip in active listings among all metros analyzed: inventory fell 17% from the first quarter. Active listings fell 10% in Cincinnati and 7% in Columbus at the time of year when most markets would typically be flooded with home listings.The one thing saving buyers from being completely locked out of homeownership: affordability. So while finding a home will prove tricky due to a lack of inventory, homes on the market are more likely to be within budget for first-time buyers.Analysis methodology available in the original article, published at NerdWallet.More From NerdWalletMortgage Outlook: A Light Lift to September RatesSmart Money Podcast: Lower Mortgage Rates, and Moving During a PandemicMortgage Outlook: Recession Presses Down on August RatesElizabeth Renter is a writer at NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. 9901

SACRAMENTO, Calif. (AP) — The California Assembly said Monday it denied a former lawmakers' appeal of an investigation that found he sexually harassed a lobbyist in 2016.Former Democratic Assemblyman Matt Dababneh had appealed the finding that he likely pushed the lobbyist into a bathroom at a Las Vegas party and masturbated in front of her while urging her to touch him. Lobbyist Pamela Lopez publicly made the accusation against Dababneh last December and submitted a complaint to the Assembly Rules Committee, which hired an outside investigator.The Assembly Rules Committee told Dababneh in a letter dated Friday that his appeal was reviewed and rejected.Dababneh denies harassing Lopez and is suing her for defamation. Representatives for Dababneh did not immediately respond to requests for comment.Lopez said she hopes the Assembly's rejection of Dababneh's appeal encourages other women to speak out about sexual harassment."This decision is an important step to uphold fairness, accountability, and equity in the workplace," she said in a statement.The lawyer hired by the Assembly to investigate the allegation interviewed more than 50 people and reviewed relevant documents, according to the letters released by the Assembly on Monday. In his appeal, Dababneh argued she did not interview some character witnesses he provided. He said he was denied due process because the Assembly didn't provide him with a copy of the investigation report.The Assembly says such reports are confidential and subject to attorney-client privilege.In his lawsuit against Lopez, Dababneh said he was forced by Assembly leadership and colleagues to resign his Los Angeles-area seat last year because of the allegations. He also said he has suffered depression and anxiety. He is seeking unspecified damages for defamation and intentional infliction of emotional distress.Lopez's lawyer, Jean Hyams, said Dababneh's lawsuit is an act of retaliation and an attempt to silence women. 1981

Rick Gates, the key prosecution witness in the tax and fraud trial of former Trump campaign chairman Paul Manafort, testified Monday he had committed crimes alongside and at the direction of his former partner -- and had also stolen from Manafort himself.In stunning testimony at Manafort's trial on tax and fraud charges, Gates stated he and Manafort had 15 foreign accounts they did not report to the federal government, and knew it was illegal. Gates said he did not submit the required forms "at Mr. Manafort's direction."Gates then admitted that he also turned the tables on Manafort -- cheating him out of "several hundred thousand" dollars by submitting false expense reports that were paid out of some of the undisclosed foreign bank accounts in Cyprus.The testimony from Gates, a former adviser to Donald Trump, comes after reaching a plea deal with special counsel Robert Mueller earlier this year to testify against his former partner in a lucrative international political consulting firm.Manafort stared directly at Gates as he read aloud the details of his plea agreement, which could see him receive a reduced sentence, at the direction of a prosecution lawyer.Gates did not make eye contact with Manafort as he took the stand wearing a yellow tie and navy blue suit.Prosecutors allege that Manafort financed a lavish lifestyle featuring sumptuous residences and extravagant wardrobes by using millions of dollars in profits that he hid from tax authorities then turned to bank fraud when his income started to dry up. Manafort has pleaded not guilty to all charges.  1595

SACRAMENTO, Calif. (AP) — California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday.California's gross domestic product rose by 7 billion from 2016 to 2017, surpassing .7 trillion, the data said. Meanwhile, the UK's economic output slightly shrunk over that time when measured in U.S. dollars, due in part to exchange rate fluctuations.California's economic juggernaut is concentrated in coastal metropolises around San Francisco, San Jose, Los Angeles and San Diego.RELATED: California is #1 for fun in the nation"The non-coastal areas of CA have not generated nearly as much economic growth as the coastal areas," Lee Ohanian, an economics professor at University of California, Los Angeles and director of UCLA's Ettinger Family Program in Macroeconomic Research said in an email.The data demonstrate the sheer immensity of California's economy, home to nearly 40 million people, a thriving technology sector in Silicon Valley, the world's entertainment capital in Hollywood and the nation's salad bowl in the Central Valley agricultural heartland. It also reflects a substantial turnaround since the Great Recession.All economic sectors except agriculture contributed to California's higher GDP, said Irena Asmundson, chief economist at the California Department of Finance. Financial services and real estate led the pack at billion in growth, followed by the information sector, which includes many technology companies, at billion. Manufacturing was up billion.RELATED: California sues over plan to scrap car emission standardsCalifornia last had the world's fifth largest economy in 2002 but fell as low as 10th in 2012 following the Great Recession. Since then, the largest U.S. state has added 2 million jobs and grown its GDP by 0 billion.California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. The state has 12 percent of the U.S. population but contributed 16 percent of the country's job growth between 2012 and 2017. Its share of the national economy also grew from 12.8 percent to 14.2 percent over that five-year period, according to state economists.California's strong economic performance relative to other industrialized economies is driven by worker productivity, said Ohanian.The United Kingdom has 25 million more people than California but now has a smaller GDP, he said.The state calculates California's economic ranking as if it were a country by comparing state-level GDP from the Bureau of Economic Analysis at the U.S. Department of Commerce with global data from the International Monetary Fund. 2719

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