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Toys 'R' Us is filing for bankruptcy protection.The toy retailer has filed for Chapter 11 bankruptcy protection in the United States, it said in a statement on Monday. Meanwhile, it said its Canadian subsidiary will "seek protection in parallel proceedings" in the Ontario Superior Court of Justice.The company said it will use the proceedings to restructure its billion outstanding debt. 399

This frame grab made on Wednesday, July 29, 2020, of a New Jersey Division of Elections nominating petition shows signatures submitted by Kanye West to appear on New Jersey’s ballot as a presidential candidate. The document was provided by election law attorney Scott Salomon who filed an objection with the state Division of Elections after reviewing the more than 1,300 signatures West submitted. Salmon says says he counted more than 600 that were in some way defective. The petition shows that a number of signatures appear written by the same hand. (Scott Salmon via AP) 583

TRAVIS COUNTY, Texas – Several boats sank Saturday during a “Trump Boat Parade” on Lake Travis, according to the Travis County Sheriff’s Office.The sheriff’s office wrote on Twitter that its officers responded to multiple calls involving boats in distress during the event near Austin, Texas.TCSO responded to multiple calls involving boats in distress during the Trump parade on Lake Travis. Several boats did sink.— Travis County SO (@TravisCoSheriff) September 5, 2020 Authorities confirmed to KVUE and KEYE that multiple boats were in distress throughout the parade route, including at Paradise Cove, West Beach, Point Venture and Hurst Creek.A spokesperson for the sheriff’s office told The Associated Press that there are no reports of fatalities or injuries and that investigators have not determined how many boats sank. The spokesperson added that there is no reason to suspect foul play, but a cause has not been determined.There was no severe weather in the area and winds were generally calm, according to the National Weather Service.Austin-Travis County EMS tweeted that its crews have not been involved in any of the boat sinkings and that no injuries or medical emergencies have occurred as a result of the incidents.MEDIA: #ATCEMS has not been involved in any of the boat sinking incidents on Lake Travis today. No injuries or medical emergencies have occured as the result of these incidents & #ATCEMS has not been requested to respond to any of them. If this changes, we’ll provide an update.— ATCEMS (@ATCEMS) September 5, 2020 It appears the boat parade supporting President Donald Trump’s reelection campaign was organized on Facebook. The event page says about 2,600 people planned to attend. Those who did go were encouraged to fly as many Trump flags as they could to make a statement.These types of boat parades have been held in multiple parts of the country, recently in Florida and near the Jersey Shore.Swamped boat near Emerald Point as hundreds of boats parade for President Donald Trump, at least three craft swamped with no injuries reported #statesman @bobphoto pic.twitter.com/eY3yyAXvyp— bobphoto (@bobphoto) September 5, 2020 2176

Therefore, I am asking the @OhioRxBoard to halt their new rule prohibiting the selling or dispensing of hydroxychloroquine or chloroquine for the treatment or prevention of COVID-19.— Governor Mike DeWine (@GovMikeDeWine) July 30, 2020 243

Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.Investors are increasingly worried that President Trump's crackdown on China will trigger a fierce response that darkens the otherwise bright economic outlook.The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a "correction" — a decline of 10% from the all-time high in January. The Dow finished at its lowest point since November.All three major indexes took their biggest weekly tumbles since January 2016.The market failed to stage a rebound from Thursday's plunge, which erased 734 points from the Dow.China vowed on Thursday that it would fight a potential trade war "until the end.""We have this general freak-out. We don't know the next shoe to drop on trade," said Michael Block, chief strategist at Rhino Trading Partners.Investors were further rattled when China's ambassador to the United States signaled that China could ease purchases of US bonds in response to Trump's tariffs. "We are looking at all options," Ambassador Cui Tiankai told Bloomberg News.China is America's biggest creditor, with more than trillion of Treasury bonds."We've been told for our entire careers that trade wars made the Great Depression worse. And we believe it," said Bruce McCain, chief investment strategist at Key Private Bank.Related: Trade fears add to concern of a downturnAsian markets were rocked overnight after China vowed not to back down in a potential trade war with the United States. Japan's Nikkei 225 plummeted 4.5%, and the Hang Seng in Hong Kong lost 2.5%.On Thursday, the market sold off after Trump announced plans to impose tariffs on about billion of Chinese imports to retaliate for theft of intellectual property.China said hours later that it "is not afraid of and will not recoil from a trade war." Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about billion worth of imports of US goods.Trump, who often uses the stock market as a barometer for his success, shrugged off the market turmoil."I think the stock market is going to be great," he said Friday at the White House after a reporter asked about the sell-off. "The stock market is way up. When I came into office, the stock market was from a different planet."Despite the recent struggles, the Dow remains up about 30% since Trump's election.Related: China: We would fight a trade war 'to the end'The worry is that a tit-for-tat escalation between the two largest economies in the world will ruin the solid economic backdrop. Investors had been banking on strong growth this year, but a slowdown in trade and dented business and consumer confidence could change that outlook drastically.Barclays warned in a report that a trade war would drown out the benefits of Trump's tax cuts, which helped power Wall Street's euphoric rally."The administration is moving forcefully into the anti-trade portion of its policy agenda," Barclays economist Michael Gapen wrote in a report on Friday.But it's too early to assess the impact. Bullish investors hope that the administration will soften its tough stance with China, similar to how tariffs on steel and aluminum imports were later scaled back significantly."The threat of a misstep remains high," Raymond James Washington policy analyst Ed Mills wrote in a report, but there is an expectation that "these actions will be watered down or mitigated" in the coming weeks.Key Bank's McCain thinks it's more likely the market is going through a correction than entering a bear market. He pointed to robust corporate profits and the strong economy, which enjoyed robust job growth in February."If anything, a few weeks ago we worried about the economy overheating and inflation picking up," McCain said.The-CNN-Wire 3867