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Former President Bill Clinton will highlight the second day of speeches from a virtual Democratic National Convention.Among those joining Clinton are former Secretary of State and Democratic presidential nominee John Kerry, former Acting Attorney General Sally Yates and Senate minority leader Chuck Schumer.Dr. Jill Biden, the wife of presumptive Democratic presidential nominee Joe Biden, is also expected to deliver remarks.According to CNN and NBC News, former Secretary of State under Republican President George W. Bush Colin Powell will officially endorse Joe Biden on Tuesday.Rep. Alexandria Ocasio-Cortez, one of the party's most vocal members and a leader in the Democratic party's progressive wing, will deliver a 60-second speech on Tuesday evening. Progressive members of the party have been critical of the DNC's decision to limit Ocasio-Cortez's speaking time, while allowing some Republicans, like former Ohio Gov. John Kasich, the opportunity to speak longer.Ocasio-Cortez responded to the criticism by posting, "I only have a minute," a poem by Dr. Benjamin E. Mays. 1092

Firefighters in western Colorado hope a winter storm could spell relief from a rash of wildfires that have spread throughout the state this week. But between now and Saturday evening, firefighters will face more warm temperatures and gusty weather, which could fuel the spread of the six major wildfires.Between Wednesday evening and Thursday evening, the East Troublesome Fire exploded in size from 20,000 acres to 170,000 acres — the second-largest in state history.A cold front slowed the spread of that fire on Thursday evening, but hundreds of evacuations remain in place in Grand and Larimer Counties. Rocky Mountain National Park also remains closed due to its proximity to the fire.As of 10:30 a.m. ET, the fire was burning 170,163 acres and was only 5% contained. It's just the latest in a historic wildfire season in the state that has seen the state's four largest wildfires of all time.The East Troublesome Fire is confirmed to have caused "minor" injuries to one firefighter thus far.After a slight warmup early Saturday, another cold front will dip into Colorado that evening and into Sunday morning, bringing a projected five inches of snow to much of the Denver metro area and higher amounts to the west and northwest.While heavy snowfall in the north-central mountains isn't guaranteed to put an end to the East Troublesome, Cameron Peak, Calwood, Lefthand Canyon, Middle and Williams Fork fires, the precipitation will surely give firefighters a spell of relief and allow crews to fight the fires more directly.Before Saturday's cold front, though, crews face more warm, dry weather in the mountains and gusty conditions ahead of the front. Winds could gust up to 50-70 mph along the Berthoud Pass and 20-25 along mountain valleys, creating critical fire conditions again, according to the National Weather Service.The conditions could create rapid fire growth, though the relative humidity should be better Saturday than we've seen this week.When the snow begins Saturday night, up to a foot could fall in some areas of the mountains, and the snow should stick around into Monday, according to the weather service.This story was originally published by Ryan Osborne on KMGH in Denver. 2212

Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.The Dow surged on the news and closed up 600 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well.Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year."Our gradual pace of raising interest rates has been an exercise in balancing risks," Powell said during a speech at the Economic Club of New York. "We know that moving too fast would risk shortening the expansion. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation."Powell noted that rates remain relatively low and that they are just below what many economists consider "neutral for the economy -- that is, neither speeding up nor slowing down growth."Investors seemed to interpret Powell's comments as a sign that the Fed, which is widely expected to raise rates again at a meeting next month, may now only hike rates once or maybe twice at most in 2019 as opposed to earlier forecasts of three or four hikes.The Dow's most cyclical stocks were among the biggest gainers. Shares of Boeing (BA), Caterpillar (CAT), Microsoft (MSFT) and Apple (AAPL) helping to lead the rally.In fact, only four Dow stocks -- Verizon (VZ), United Technologies (UTX), DowDupont (DWDP) and Procter & Gamble (PG) -- were trading lower Wednesday afternoon.Matthew Cheslock, a trader at Virtu Financial, told CNNMoney editor-at-large Richard Quest on "Markets Now" Wednesday that the market interpreted Powell's comments as meaning that we are "closer to normal rates. I think that was what really sparked the market to go higher."Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well.Powell's comments may assuage concerns about the Fed possibly going too far with rate increases, a criticism leveled by President Donald Trump.But Tobias Levkovich, Citigroup chief US equity strategist, told Quest that the market may be overreacting."I'm not dancing or partying right at the moment," he said, adding that the Fed has talked about gradual rate hikes "for a very long time." "Maybe [the markets] were just worried it would be worse," Levkovich said.To that end, Trump, who chose Powell to replace former Fed chief Janet Yellen, has often bashed him and the Fed on Twitter and in interviews for the rate hikes.In fact, Trump attacked Powell again in a Washington Post interview Tuesday, saying he was "not even a little bit happy" with Powell and that the Fed was making a mistake with so many rate hikes.Trump even added that sometimes decisions he makes with his "gut" matter more than what other people's brains tell him.Whether or not investors were using their guts or brains when deciding to jump back into stocks Wednesday remains to be seen. But it's clear that the bulls were back in charge on Wednesday."Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.The-CNN-Wire 3545

Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149

Following the FBI's admission that it failed to properly act on a tip on Jan. 5 about the man who killed 17 people at a Florida high school, Governor Rick Scott called for FBI Director Christopher Wray to resign."We constantly promote 'see something, say something,' and a courageous person did just that to the FBI. And the FBI failed to act," Scott said in a statement. "'See something, say something' is an incredibly important tool and people must have confidence in the follow through from law enforcement. The FBI Director needs to resign."Read Scott's full statement below.Today, Governor Rick Scott made the following statement regarding the FBI’s admission that they failed to take action after receiving information on January 5, 2018, regarding “[Nikolas] Cruz’s gun ownership, desire to kill people, erratic behavior, and disturbing social media posts, as well as the potential of him conducting a school shooting.”Governor Scott said, “The FBI’s failure to take action against this killer is unacceptable. The FBI has admitted that they were contacted last month by a person who called to inform them of Cruz’s ‘desire to kill people,’ and ‘the potential of him conducting a school shooting.’“Seventeen innocent people are dead and acknowledging a mistake isn’t going to cut it. An apology will never bring these 17 Floridians back to life or comfort the families who are in pain. The families will spend a lifetime wondering how this could happen, and an apology will never give them the answers they desperately need.“We constantly promote ‘see something, say something,’ and a courageous person did just that to the FBI. And the FBI failed to act. ‘See something, say something’ is an incredibly important tool and people must have confidence in the follow through from law enforcement. The FBI Director needs to resign.”Nikolas Cruz, who has confessed to police to being the shooter, showed patterns of racism online and also promised to harm people with assault rifles. 2000