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Stocks tumbled Friday as trade tensions between the United States and China heated up.The Dow closed down 572 points, a drop of 2.3%, after President Trump threatened to escalate a confrontation with China over trade. It fell as much as 767 points earlier in the day. The S&P 500 and the Nasdaq each declined more than 2%.Friday's losses wiped out gains for the week, and the Dow sank back into correction territory — 10% below its all-time closing high in January.Trump said late Thursday that he was considering tariffs on 0 billion more in Chinese exports, which would triple what the United States is already planning."The fear of a policy mistake on trade is increasing," said Art Hogan, chief market strategist at B. Riley FBR.All 30 companies on the Dow lost ground on Friday. Caterpillar, Boeing and Nike, giants with heavy exposure in China, were among the biggest losers in the index."The ratcheting up of trade tensions clearly carries risks. The tariff threats, even if only intended as bargaining tools, will be difficult to back down from if talks fail to deliver results," Capital Economics' Julian Evans-Pritchard wrote in a research note Friday.Anxiety returned to Wall Street after three days of gains. The VIX, a measure of market volatility, spiked 12%. CNNMoney's Fear and Greed index sank further into "extreme fear" territory.Wary investors had been holding out hope that the two sides will reach a deal before the proposed trade barriers go into effect.White House officials, including top economic adviser Larry Kudlow, have sought in recent days to soothe business leaders' fears of a trade war that would constrain economic growth.Earlier this week, the Trump administration announced plans for tariffs on billion worth of Chinese goods in retaliation for China's alleged theft of US intellectual property. Beijing fired back hours later by threatening tariffs on billion worth of US goods, including cars, planes and soybeans.The market had been interpreting Trump's proposed tariffs as negotiating tactics meant to extract concessions out of China rather than a rigid position. But Wall Street began to reassess that view as the administration sent conflicting signals throughout the day."We've gone from Larry Kudlow trying to calm the markets down to the administration saying, 'Hey, ignore the markets,'" Hogan said.In a radio interview Friday morning, Trump said, "I'm not saying there won't be a little pain, but the market has gone up 40%, 42%, so we might lose a little bit of it."Selling accelerated later in the day after Treasury Secretary Steve Mnuchin told CNBC, "There is the potential of a trade war."Investors had been operating under the assumption China and the United States were negotiating to avoid a trade conflict, but Mnuchin avoided questions about whether the two countries were actively talking."As no one came out to pull this back, there was a gradual realization that this was something that might be a little more serious," said Brad McMillan, chief investment officer for Commonwealth Financial Network.Analysts said the market also responded to comments from Federal Reserve Chair Jerome Powell.Powell said that the US economy was growing and a turbulent stock market would not change the Fed's course to gradually raise interest rates. The Fed is on track to raise rates three times this year, but it could speed up that process to cool down the economy."Markets are forced to confront the idea that rates are going up and the stock market is not going to derail that process," McMillan said.Stocks were mostly unaffected by the March jobs report, which showed that the US economy added 103,000 positions, down from a much bigger gain in February and well below what analysts were expecting.Wages grew 2.7% in March compared with a year earlier, in line with expectations. Investors were watching that number because it's a barometer of inflation. In February, an unexpected jump in wage growth set off inflation alarm bells and caused stocks to plunge.The combination of the hiring slowdowns and modest wage growth temporarily eased Wall Street's concerns that the economy was overheating.The yield on the 10-year US Treasury note, which has been steadily climbing as investors' inflation expectations rise, dipped to 2.78% after the jobs report."Investors breathed a sigh of relief," said Sam Stovall, chief investment strategist at CFRA Research. "Now we only have one issue to deal with, and that's trade."—CNNMoney's Paul R. La Monica contributed to this report.The-CNN-Wire 4564

gest campaign around International Women's Day, called We See Equal, in 2017 and continued to build on it this year.Allison Tummon Kamphuis, who leads P&G's gender equality program, explained that the company's first big push came after it named gender equality as one of its initiatives in 2016.In previous years, P&G observed International Women's Day internally, with lectures and events for staff. Now, the company hosts several public-facing events, including a discussion with Katie Couric and an interactive exhibit called "Women at Work: Myth vs Reality."Firat pointed to P&G as a company that has genuinely committed to promoting gender equality.While some brands have given International Women's Day a lot of thought, others are still trying to figure out a way in. Firat said that some companies hope a campaign featuring women's empowerment will help them reach Millennials, who tend to value brands that embrace social causes.Calkins suggested that some companies may also be chasing the success of others."Marketers watch what other marketers are doing," he said."When companies see high-profile campaigns that get some traction ... they are very quick to jump on the bandwagon."Though there are advantages to joining a conversation about gender, there are also risks. "If you're going to be out there celebrating your commitment to gender equality, then it does invite some scrutiny," Calkins said.One example, he said, is the "Fearless Girl" statue.The sculpture was conceived by the powerful financial group State Street and advertising firm McCann as a way to spread awareness of State Street's efforts to increase gender diversity on corporate boards.The campaign was an overwhelming success People fell in love with the statue of the defiant girl staring down the "Charging Bull" in New York City, and she quickly became a symbol of resistance and empowerment.But the sculpture's prominence put State Street in the spotlight when it agreed to pay million to settle allegations that it underpaid female and black employees. The firm denied any wrongdoing.And McDonald's, which has faced protests by employees seeking higher wages, is already being criticized for honoring the day with what some see as an empty gesture.  3975

TAMPA, Florida — Police said they got a big win Friday night after they were able to arrest a man wanted in connection to installing credit card skimming devices across the Tampa Bay area.Police on scene told ABC Action News they were able to take the skimmer into evidence after a customer at the Chase Bank at 2001 N. Dale Mabry pulled it off the drive-up ATM while getting cash out.That customer flagged an officer down and showed him the skimmer. What that customer didn’t know is that undercover officers were already in pursuit of the man. Officers on scene say he was wanted by multiple agencies.The man, who has been identified as Yanier Manso Caballero from Hialeah, ditched his black Mercedes in the McDonald’s parking lot next to the bank, kicked off his flip flops, and took off running as officers tried to make an arrest.The police helicopter was able to lead K-9 officers to a heat signature of a man inside a shed on West Cherry Street, about a quarter mile away from the bank. The man was taken into custody a short time later.The customer that found the skimmer told officers on scene that he saw at least two other customers get cash out before he found the skimming device. There is no information, at this point, about how long the device might have been on the ATM. 1305

Surveillance footage obtained from a Las Vegas phone store shows video shows an iPhone exploding on a desk while an employee sat just a couple feet away.The employee quickly jumped up to get help as the phone burned itself out on the desk in less than 20 seconds.The phone screen was being replaced after it cracked due to heat damage as the battery expanded.The store is not being identified.Paul Tartaglio owns Gadget Repair. While it wasn't his shop, he says he has seen badly damaged batteries due to heat in the Las Vegas desert.He has seen a phone explode before but "It takes a lot for it to explode."The biggest issue he sees the temperatures rise into the triple digits in Las Vegas are the cracked screens from warped batteries. "Over time, the batteries heat up and bloat," Tartaglio said. "The problem is when it bloats up just a little bit, it can cause your screen to crack a lot easier."While he says it's extremely difficult to predict when a battery could explode, Tartaglio said the key is to keep phones out of direct sunlight during the summer.Not only can it lead to explosions in extreme cases, but it can also shorten the life of the battery —especially after the phone issues a temperature warning a few times.Smart phone users should also avoid overcharging devices, which can generate extra heat in the battery.Tartaglio also recommends people use replacement batteries directly from the phone's manufacturer, saying they are often more reliable than aftermarket batteries and typically aren't any more expensive. 1597

The American Hockey League is targeting a Feb. 5 start date for next season. The AHL's board of governors determined that projected start date during a call Wednesday. The AHL is the top minor league affiliate of the NHL, which is targeting a Jan. 1 start for the season. A typical AHL season usually starts after the NHL gets underway. NHL deputy commissioner Bill Daly says he doesn't expect the AHL announcement to affect the NHL's planning. Daly adds the AHL has kept the NHL informed during its decision-making process and those general managers were briefed last week. 582