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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

Together, we will build a world where the accomplishments of our daughters will be celebrated, rather than diminished.— Dr. Jill Biden (@DrBiden) December 14, 2020 177

This year's pandemic could have a long-term impact on our country's healthcare system. The crisis is inspiring a new generation of health care professionals."Growing up, I was always pretty interested in science. I have a few family members who are in medicine and nursing," said University of Colorado fourth-year medical student Lauren Heery. "Helping people through my direct knowledge as a scientist, and now as a medical student, was I think what interested me the most."She, like many medical students across the country, has found herself in a unique situation because of the pandemic."As all of the COVID things happened, as medical students, we’re not able to continue with our clinical rotation, just given the increased risk to us, the patients, and limited supplies that needed to be prioritized for staff," said Heery.So, she shifted gears and ultimately made the decision to spend a year researching the virus."I got involved with a few projects with the infectious disease division at University Hospital, as I was sitting on my hands waiting to get back into the clinical setting," said Heery.One of those projects is looking at the racial and ethnic disparities in the disease."Coronavirus kind of came together with a lot of my interests that I had been kind of working on. But the pandemic really fueled me to do something a little bit different and try to help figure things out," said Heery.With thousands of medical students having to change their plans, Heery is not alone. But because of the pandemic, she says she has a renewed appreciation for her chosen field."Just hearing the frontline stories from the people who I know who have been working in the hospital during this time, just has made me so grateful that I am going into this profession," said Heery. 1793

Three men have been banned from Yellowstone National Park after a park ranger caught them cooking chickens in a hot spring.Back on Friday, Aug. 7, a park ranger was alerted that a group of men with cooking pots were hiking toward's the park's Shoshone Geyser Basin, the East Idaho News reported. Shortly after that, the ranger found two whole chickens in a burlap sack in a hot spring and a cooking pot nearby.According to the Associated Press, when defendant Eric Roberts, of Idaho Falls, Idaho, was asked about what the group was up to, he said they were making dinner.Of West Valley City, Utah, Dallas Roberts and Roberts were ordered to serve two days in jail and pay 0 in fines and fees, and Eric Romriell, of Idaho Falls, paid ,250 in fines and fees, the AP reported.According to the AP, the men are banned from Yellowstone while serving two years of unsupervised probation.As for whose idea it was, Eric Roberts said it was a "joint thing," the AP reported.According to the park's website, the hot springs have "injured or killed more people in Yellowstone than any other natural feature." The park urges guests near thermal areas to stay on boardwalks and trails and if you have children, you're advised to keep them close and not let them run. 1265

There has been no phone call between President-elect Joe Biden and President Donald Trump. There has been no concession from the commander-in-chief either. America is currently enduring one of the most turbulent transitions in recent memory. So what is not happening that should be during this non-traditional transition? NO SIGN-OFF ON TRANSITIONWhile Biden has held events with signs like "The Office of the President-elect" behind him, technically the office has not been activated by the General Services Administration. It may sound like an obscure government agency, but the office is responsible for unlocking funds and access for the president-elect. Without the GSA starting the transition, Biden can't telephone current members of the executive branch and receive confidential briefings from them. He doesn't have access to taxpayer funds to begin the background check process for some appointees. SIGNIFICANT IMPLICATIONS The implications go beyond the lack of a photograph between Biden and Trump in the White House. The last time the United States experienced a delayed transition was in 2000 because of the Florida Recount. The 9/11 Commission, following the September 11th attacks, put some blame on the transition because it prevented President George W. Bush from putting some national security advisers in key positions in a timely manner. Congressional Democrats have sent a letter asking GSA administrator Emily Murphy to brief Congress on why the transition has not begun. 1503

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