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Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook.The Dow closed down 396 points and the Nasdaq tumbled 3%.Facebook stock fell nearly 6% as the company continues to deal with the fallout from a New York Times article that detailed Facebook's reaction to political scrutiny and its Cambridge Analytica scandal. CEO Mark Zuckerberg has reportedly adopted a more aggressive, "war"-like style, according to the Wall Street Journal.Alphabet was also down 4%. It is now down 20% from its peak in July, placing it in bear market territory.Early in the day, stocks fell on news that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The 9 iPhone XR is the least expensive new iPhone, but it costs more than last year's cheapest model, the iPhone 8.The iPhone XS Max can cost up to ,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models.Apple declined to comment about the Journal story or broader concerns about iPhone demand.Shares of Apple fell 5% and have now plunged about 20% from the all-time high it hit a few months ago, when Apple (AAPL) was worth more than trillion.The stock ended a 5-day losing skid on Friday after an analyst at Morgan Stanley suggested that the supplier concerns are overdone.Apple, which is a member of the Dow, was hurting the blue chips too.Several makers of chips and other components used in iPhones have warned of soft sales and profit in recent weeks, citing sluggish demand for higher-end smartphones.To that end, shares of Apple suppliers, such as Qorvo (QRVO), Broadcom (AVGO), Cirrus Logic (CRUS) and even Apple's key Anrdoid phone rival Samsung were all lower Monday too. Samsung also makes chips for iPhones.Investors have other reasons to be concerned about the future of Apple -— as well as other big tech companies for that matter.Apple CEO Tim Cook said on the "Axios on HBO" show Sunday that he expects Washington to crack down on tech firms in the wake of high-profile privacy scandals, such as the Cambridge Analytica problems that have plagued Facebook (FB)."I am not a big fan of regulation," Cook said to Axios on HBO. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation."HBO, like CNN, is part of WarnerMedia, which is owned by AT&T (T). 2745

TERRE HAUTE, Ind. (AP) — The United States has carried out its second federal execution this week, killing by lethal injection a Kansas man whose lawyers contended he had dementia. Wesley Ira Purkey was put to death Thursday at a prison in Terre Haute, Indiana. Purkey was convicted of kidnapping and killing a girl in Missouri and dismembering her body. He expressed remorse before his execution, saying he regretted the “pain and suffering” he caused. The victim's father says he hopes Purkey “rots in hell.” The Supreme Court cleared the way for Purkey's execution to take place just hours before. Another man, Daniel Lewis Lee, was put to death Tuesday, ending a 17-year hiatus on federal executions. Lee's execution went forward after its own late-night Supreme Court ruling allowing it to happen. 811

Stormy Daniels released a composite sketch on Tuesday of the man she alleges threatened her in 2011 and is offering a 0,000 reward to anyone who can identify the perpetrator.The disclosure of the drawing and the announcement of the monetary reward on ABC's "The View" mark yet another theatrical twist in the dramatic public feud between the porn star and President Donald Trump. Daniels alleges that she had a sexual encounter with Trump in 2006 and that she signed a secret agreement just days before the 2016 election in exchange for the promise to stay quiet about the alleged affair. She is now suing Trump in the hopes of voiding that agreement.The development also comes at a grave moment for a key figure in the Daniels saga -- Trump's longtime personal lawyer, Michael Cohen. Cohen claims to have orchestrated the non-disclosure agreement with Daniels and says he used 0,000 of his own money to pay her off. Last week, the FBI raided Cohen's home, office and hotel room in New York City. Sources said authorities seized information related to Stephanie Clifford, Daniels' legal name, and that the search included bank records.Daniels, recounting the alleged 2011 incident on "The View," said that what she remembers "so clearly about him was that nothing looked alarming about the way he looked at first."At the top of the sketch, it states that the man is between 5'9" and 6' tall, between his 30s and early 40s, and with a lean but "fit" body type.Daniels says the alleged threat took place in 2011, shortly after she had agreed in May of that year to sell her story about Trump to a magazine for ,000. In a previous interview with Anderson Cooper on CBS' "60 Minutes," Daniels said she was in a Las Vegas parking lot preparing to head into a fitness class when a man approached her and her infant daughter."A guy walked up on me and said to me, 'Leave Trump alone. Forget the story,'" Daniels told "60 Minutes." "And then he leaned around and looked at my daughter and said, 'That's a beautiful little girl. It'd be a shame if something happened to her mom.' And then he was gone.""I was rattled," she added. "I remember going into the workout class. And my hands are shaking so much, I was afraid I was going to drop her."On "The View," Daniels said one of the main reasons she did not go to the police after the incident was that she had not disclosed her alleged affair with Trump to her husband and was "embarrassed."Daniels' lawyer, Michael Avenatti, said on "The View" he and Daniels think they know who sent the man who allegedly confronted her, "but we want to confirm it."Avenatti has told CNN that the person who made the threat was not Cohen or Trump's longtime bodyguard, Keith Schiller.Cohen's attorney has denied that his client had any involvement in or knowledge of the threat.Daniels said she never went to the police about the incident and never saw the man again, but that she is certain she would be able to recognize him."I would know it right away," she said. "Even now, all these years later. If he walked in this door right now, I would instantly know."The sketch was drawn by Lois Gibson, a forensic artist whose bio claims that she has helped law enforcement identify 700 criminals with her sketches.Following federal investigators' seizure of Cohen's documents last week, Trump's lawyers had asked that they get a chance to first review all documents and decide what should be off-limits due to attorney-client privilege. Cohen's lawyers, meanwhile, sought a temporary restraining order to prevent investigators from reviewing the material and requested that a third party special master decide what investigators can see..A judge on Monday announced that Cohen's lawyers will get a chance to review the seized materials and declare what they think should be protected under attorney-client privilege and that Trump's lawyers could similarly weigh in on records relevant to the President. But the judge is still considering whether a special master or an independent team at the US attorney's office in New York would decide what investigators can review.The-CNN-Wire 4123

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

The biggest shopping day on the planet raked in an eye-popping .4 billion.Chinese e-commerce giant Alibaba said Saturday that sales soared past billion after just 13 hours of the retail blitz known as Singles Day, eclipsing the .8 billion it managed in the full 24 hours last year.Singles Day, a bonanza of online spending in China, has for years racked up more sales than Black Friday and Cyber Monday combined.Earlier in the day, Alibaba said eager shoppers had managed to spend billion in just 2 minutes.As the clock struck midnight in Shanghai, the final sales tally rang in at ,386,927,848, marking about a 40% increase over last year's record-setting sales total.Singles Day started out as an informal holiday in China celebrating single people on a day that epitomizes not being paired off: 11/11. Alibaba turned it into a festival of discount deals in 2009.Alibaba has used the now-massive event to lure international companies onto its platforms. More than 40% of the brands taking part this year came from outside China, according to research firm eMarketer Retail.And while Singles Day still mostly targets Chinese consumers, it's also increasingly spreading to other countries, experts say.Local players in Southeast Asia like Lazada (an Alibaba subsidiary), Zalora and Shopee launched their own Singles Day promotions this year, said Xiaofeng Wang, an analyst with research firm Forrester.The event is also evolving beyond its original conception as an online shopping spree.Alibaba and its main Chinese rival, JD.com, have both made significant investments in brick-and-mortar businesses. And they're using the popularity of Singles Day to drive shoppers to offline stores, too.Cosmetics giant L'Oreal, for example, set up an interactive mirror at its Shanghai store where shoppers could try on virtual makeup using augmented reality and then order products on a touch screen linked to an Alibaba platform.But beyond the blockbuster sales, Singles Day also creates an enormous amount of waste.Greenpeace said the manufacturing, packaging and shipping linked to the event produced 258,000 tons of carbon dioxide emissions last year. It would take about 2.6 billion trees to absorb it all.The environmental activist group estimates this year's shopping blitz is on track to leave an even bigger carbon footprint."More over-consumption means more CO2 emissions and waste," said Greenpeace campaigner Nie Li. 2442