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The CEOs of T-Mobile and Sprint are confident that their proposed merger will get approval from US regulators and create jobs — and that it won't raise prices for wireless subscribers.T-Mobile's John Legere and Sprint's Marcelo Claure told CNN's Richard Quest on Monday that the merger of the two companies would make it easier for them to build out a national, high-speed 5G network before their rivals Verizon and AT&T do."The country needs 5G," Claure said. He said the United States can't fall further behind China and South Korea, which are ahead in deploying 5G technology. 591

The erratic stock market just made a serious comeback.Fears about slowing earnings growth sent the Dow careening 549 points lower on Tuesday before the index raced back to life.By the closing bell, the Dow was only down 126 points, or 0.5%.Similarly, the Nasdaq closed down 0.4%, erasing the vast majority of a 2.6% plunge. The index also climbed out of a technical correction, a 10% decline from prior highs.The S&P 500 suffered its fifth straight loss. But the broad index finished just modestly lower after touching its weakest point in nearly four months.Market veterans saw little reason for the dramatic recovery -- other than the fact that stocks had gotten to oversold levels."It was an impressive day. We reversed on very little news," said Art Hogan, chief market strategist at B. Riley FBR.Hogan pointed to how the rebound was led by two of the most beaten-down corners of the market: homebuilders and chip makers.Stocks sold off early on Tuesday after major US companies reported gloomy results and guidance. Disappointing numbers from Caterpillar and 3M reinforced ongoing concerns about how long blockbuster profits can last, especially given tariffs and rising costs."Investors are skittish about whether we've seen a peak in earnings," said Mark Luschini, chief market strategist at Janney Capital Management. "It's a schizophrenic market environment where things that didn't matter suddenly do."It's been a scary month for investors. The Dow and Nasdaq are on track for their worst months since January 2016."The market is fragile," said Rich Guerrini, CEO of PNC Investments. "But we're telling our investors to relax. We're in a correction. I think the market does have some legs left."The CNN Business Fear & Greed Index slipped further into "extreme fear." A month ago the gauge of market sentiment was flashing "extreme greed."Wall Street was also spooked by extreme turbulence in China, the epicenter of the trade war. The Shanghai Composite dropped 2.3% overnight. The sell-off wiped out a chunk of Monday's spike, the benchmark index's best day since March 2016. 2114

The calendar is about to flip from April to May, and normally storm chasers are flooding Tornado Alley to get a glimpse at the power of Mother Nature. But so far in 2018, there has not been much to chase. According to the National Weather Service, the state of Oklahoma, which is in the heart of Tornado Alley, has gone the entire year so far without a single confirmed tornado touchdown. Not since before 1950 has Oklahoma gone the first four months without a single tornado touchdown. By the end of April, the state would have averaged 17 tornado touchdowns. Last year, 13 tornadoes had touched down by the end of April. In 2016, there were 27 touchdowns in the month of April alone. In 2012, there were 54 confirmed touchdowns in April. The state of Kansas has also gone the entire year without a tornado. According to National Weather Service data, the state averages 12 tornadoes in the month of April alone. "On the whole, across the United States, we have seen around half the number of eyewitnessed tornado reports that we would normally expect by this time of year," Dr. Patrick Marsh, a meteorologist at the Storm Prediction Center, told CNN. Meteorologists are blaming, or crediting, a jet stream pattern that has sent big snow storms into the Upper Midwest for the decreased number of tornadoes. The pattern has prevented warm moist air from setting up in the Plains, which has cut off any fuel for potential tornadoes. According to the Storm Prediction Center, the upcoming weekend appears to void of any major severe weather outbreaks. The next potential for severe storms could setup in the Plains on Tuesday and Wednesday.  1692

The California NAACP is urging "The Star-Spangled Banner" be removed as the national anthem, according to the Sacramento Bee. The NFL has been embroiled in a national controversy regarding players kneeling for the playing of "The Star-Spangled Banner" before games. President Donald Trump has weighed in multiple times condemning players as being disrespectful for kneeling for the anthem.  413

The Democratic National Convention gets underway this week. Republicans will hold their convention next week. While this year's convention is virtual for both parties, have you asked yourself what's the point of these anyway?CONVENTIONS YEARS AGO WERE DIFFERENT Americans have known for months that Joe Biden is going to be the Democratic nominee and that Donald Trump would be the Republican nominee. However, before political parties started relying on primaries, conventions were the place the nominee was decided.In 1856, it took Abraham Lincoln three rounds of voting to become the Republican nominee. In 1924, Democrats needed 103 ballots over 16 days to pick John Davis as their party nominee.CONVENTIONS PURPOSE In 1948, networks began televising conventions and since then, many argue conventions have become taxpayer-funded spectacles for insiders. While taxpayers are no longer directly funding conventions, they are paying for security. In 2016, it was estimated that around 0 million of taxpayer funds were spent on convention security. 1952 was the last year both political parties had a contested convention; however, party insiders believe conventions still play a pivotal role. Conventions are where networking can take place and where delegates can debate the party platform. It's also a place where training sessions can occur and speeches can take place. Could Barack Obama have become president in 2008 without his speech at the 2004 convention? Sure, it's possible, but that speech was credited with making the Illinois state senator a household name. WILL 2020 CHANGE CONVENTIONS? With the events now online, after these next two weeks, both parties will likely sit down and see if in-person conventions need to be changed at all. Do parties need a full week of expensive arena space? Or would that money be better spent on staffing in swing states? Will Americans tune in like they did in 2016 this year? These are just some of the questions that will be asked following the conventions. 2023

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