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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

This week countless photographs have offered close-up depictions of the destruction caused by California wildfires. Now, with the help of its satellites, NASA has released pictures giving a different perspective.NASA's Landsat 8 satellite captured this first image of the Camp Fire on the morning of November 8, just a few hours after the blaze had broken out. That fire grew quickly, torching 20,000 acres in less than 14 hours. At one point, it grew by a average of more than one football field every three seconds.The fire in the picture is highlighted, and beneath that smoke the flames are encroaching on the northern California community of Paradise, where it's estimated that up to 90% of homes have been destroyed.The second image, captured by NASA's Terra satellite, gives a better sense of the scope of the Camp Fire in relation to the state. Smoke from the blaze obscures a wide swath of the northwestern part of the state, stretching south from Paradise to just north of San Francisco. 1005

Things are sizzling in the back of this food truck as burgers are served with a side of bravado.Mike Schuster and Dominic Maldonado have been in the food truck game for almost seven years, and in that time the industry has boomed.“When we first hit the road, I think there were maybe 230 licensed food trucks in all of Denver. I think now it’s over 500,” said Schuster.Doubled in Denver and nearly doubled across the US.According to the US Census, in 2013 there were almost 3,300 food trucks in the US. That number grew to just under 6,000 in 2018. Sales have risen from 0 million in 2012 to .2 billion in 2017.“We’ve seen it, we’ve seen it in front of office buildings, we see it in the downtown core. And I’m not just talking because of COVID, I’m talking a natural business marker, alive and well within the hospitality and restaurant industry,” said Steve Chucri, the president of the Arizona Restaurant Association He says food trucks are here to stay in his state as well.“I think they’ll always have their place and their spot in the industry," Chucri said.A unique opportunity that food trucks have, they are a to-go business and most social distance guidelines during the pandemic don’t hold them back in the same way they do sit down restaurants.But that doesn’t mean the industry is not facing its own challenges.“Back when April hit and everything shut down, it was about a month and a half straight for us of just wedding cancelations, graduation party cancelations, party after party everyday,” Schuster said.“Food trucks depending on those office buildings to have people pouring out at 12 noon everyday and going to a food truck and buying. So, they’ve got to be hurting just like all of us are,” said Chucri.But with challenges come opportunity so Maldonado and Schuster got to work and got creative.“We started going after some of the business to serve some of the front line workers during the pandemic so we started serving some of the workers at King Soopers who were working their butts off through the whole thing. We fed some the Aurora 911 services, the ambulance services because they were working their butts off. We started doing hospital servings. We found a way to find where people were hungry, working still, needed to eat, and just didn’t have a lot of viable options,” said Schuster.Getting creative to get by. Just like a lot of us over the last several months.One thing that doesn’t change, wherever Maldonado and Schuster serve food, they serve it with heart.“When people come back to the truck for seconds and thirds, because they just want to try every flavor of slider we have, even when they’re stuffed. Even just that, even when they don’t even say anything, you know that they love it and they see the smile on their face and it’s great,” said Schuster. 2809

TOKYO (AP) — The U.S. says Americans aboard a quarantined ship will be flown back home on a chartered flight Sunday, but that they will face another two-week quarantine. About 380 Americans are aboard the Diamond Princess cruise ship, which has docked at Yokohama, southwest of Tokyo. So far, 285 people from the ship have tested positive for a new virus. The passengers have been quarantined on the ship since Feb. 5. That 14-day quarantine is due to end Wednesday.RELATED:San Diego declares two emergencies over coronavirus to free up resourcesSan Diego couple misses cruise over coronavirus concernsPassengers board San Diego cruise ship amid Coronavirus concernsSan Diego couple stuck at sea, after Asian ports blocked entry due to Coronavirus concernsThe U.S. Embassy in Tokyo says the aircraft will arrive in Japan late Sunday. After arriving in the U.S., all will need to go through another two weeks of quarantine.This week, Japan's government decided to allow passengers older than 80 to get off the ship after testing negative for the virus. Those with chronic health problems or in cabins without windows were given priority. 1144

Three people were killed and 16 were injured after a Metropolitan Transportation Authority bus and a private tour bus collided in Queens, causing one of the buses to crash into a building.The driver of the Dahlia Travel and Tours bus, which struck the building, was killed in the crash, along with a passenger in the MTA bus and a pedestrian on the sidewalk, according to the NYPD."We've had a really tragic morning here in Flushing, Queens. Just shocking to see the scene over there. Hard to compare it to anything I've ever seen, the sheer destruction from the impact of this collision," said Mayor Bill de Blasio during a press conference Monday morning.According to the MTA, a Q20 bus was struck by the private bus on Northern Boulevard and Main Street at 6:21 a.m. Investigators were interviewing the driver of the MTA bus, who is among the injured.The injured all have been transported to nearby hospitals, de Blasio said."The first thing we need to understand is what happened here," he said, "because we do not know exactly what happened, if anybody was specifically at fault."The FDNY was working on accessing the building impacted by the crash to make sure it is secure and safe."The impact of this collision on the building was very, very substantial," said de Blasio.The cause of the collision is still being investigated."Very concerned about the speed, but the most important thing is safety. We want to make sure we understand exactly what happened and we prevent this from ever happening again," said MTA Chairman Joe Lhota.A representative for Dahlia Travel and Tours could not immediately be reached for comment.The-CNN-Wire 1650

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