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The jittery stock market is once again heading south.The Dow dropped 327 points, or 1.3%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conferencein Saudi Arabia. The index had been down 471 points at one point.Tech stocks fell sharply, sending the Nasdaq tumbling 2.1%. Netflix declined 5%, while Facebook and Amazon lost about 3% apiece.Stock market volatility is back on Wall Street. Fears about rising bond yields and the US-China trade war sparked heavy selling last week, the worst for all three major indexes since March. Stocks rebounded sharply on Tuesday, before another wobbly session on Wednesday. The CNN Business Fear & Greed Index of market sentiment is flashing "extreme fear."The market slide gathered steam on Thursday after Mnuchin announced on Twitter that he will not participate in the Saudi summit. Mnuchin said it was a joint decision with President Donald Trump and Secretary of State Mike Pompeo. An administration official told CNN that no other government officials will attend the event in Mnuchin's place.The news adds to rising global uncertainties, including concerns about Italy's budget and a plunge in China's stock market.David Kotok, chief investment of Cumberland Advisers, said he believes Thursday's market slide was driven more by concerns about Italy and China."But Mnuchin doesn't help things," said Kotok.Mnuchin's announcement points to elevated tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi.Saudi Arabia has threatened to retaliate against potential US sanctions. The kingdom is the world's largest oil exporter, giving it great sway over global energy prices. US oil prices briefly bounced on the Mnuchin news but closed lower on the day.Saudi Arabia has also played a huge role financing the rise of Silicon Valley, serving as the tech industry's unofficial banker.But the market has also been pressured by other international developments. Even before Mnuchin's tweet, analysts pointed out that Italian bond yields spiked due to concerns about Italy's budget proposal. The European Union plans to send a formal warning letter to Rome to signal displeasure over plans to increase Italy's budget deficit, Reuters reported.Chinese markets were also under pressure. The Shanghai Composite plunged nearly 3% overnight, falling deeper into a bear market as the US-China trade war continues to linger.US investors continue to move money out of the riskiest parts of the market and into defensive areas. While tech stocks fell sharply, defensive areas such as utilities and telecom rose slightly."There is a rotation away from the tech and momentum names," Kotok said. "One has to ask: Has FANG been defanged?" 2868

The latest fight between FedEx and UPS isn't about shipping. It's about ties to the National Rifle Association.UPS said in a statement Wednesday that it is not a sponsor of the NRA and that it does not offer a special discount for NRA members.That comes after its competitor, FedEx — itself fielding criticism from activists for standing by its NRA shipping discount — accused UPS of having a relationship with America's top gun lobby."For shipping from its online store, the NRA uses UPS and not FedEx," FedEx said on Tuesday.  551

The messages that enter Shane McDaniel's Facebook inbox are more than messages, they are hopes and prayers.“Shane, I am a Marine Corps veteran and my wife is disabled," one message read.“I worry about my father who has been battling stage 4 cancer," read another.McDaniel and his family try to answer those messages with each piece of wood they toss into a towering pile in Lake Stevens, Washington.“Get my eight kids together and split as much wood as we can," McDaniel explained of his efforts.The family chops, splits, and cuts wood throughout the year, but it's when the temperature drops that he receives countless messages on Facebook from people struggling and looking for a way to stay warm."It’s a lot of messages from people that are just in despair," he said.McDaniel’s drive to donate started three years ago, when he says during a scuba diving lesson, he nearly drowned.“Drowning changes your perspective on what you even own, what you spend your time doing, and I just wanted to make a positive impact,” he said.Each winter since, McDaniel has given firewood to those facing challenges."Our propane bill was almost 0 a month," said Sarah DeRemer, a single mom working multiple jobs.McDaniel brought her firewood last year in an effort to help.“I don’t get handouts. I’ve done everything on my own, for me and my kids, so it's just like, it was hard for me to accept someone being nice to me," DeRemer said.McDaniel helps people fighting many battles, including one he knows all too well. He says he lost his dad and brother to cancer, while his sister is fighting the disease now.Then, there are those fighting battles few will ever understand. People like Cindy Zink.“I’m a 60-year-old woman who was just diagnosed with ALS and this might be my last winter,” she said.Zink doesn’t know how much time she has left.“That’s what God has for me, so I’m going to wake up every day and live that day that he gave me," she said.For however long she will be here, she’ll be warmed by the wood in her fireplace.“It’s a beautiful thing when people come over and it draws them right into the home," Zink expressed.Warmth, especially in the most trying of times, carries a meaning beyond just temperature and flame.“Those are the ones that make you say, you know what, we’re going keep doing this," McDaniel said. 2327

The nation’s air traffic control system is losing controllers faster than it can hire people, according to the Air Traffic Controllers union.“If we don't have enough controllers to open all the positions and we have to combine up positions we have to reduce the capacity,” said Paul Rinaldi, the union’s president.He says the effects of not enough controllers have affected flights in the past."We have seen some situations last summer where we didn't have enough controllers at the facility where airlines did cancel flights," he said. "Right now we're at a 30-year low of certified controllers in a system."In 2017, 1,848 controllers left the job due to retirements, promotions or other reasons, according to the FAA’s Controller staffing report released this year.The FAA hired 1,880 people to be new controllers last year. That’s a gain of 32 controllers. But of the number hired, the FAA lost 735 people who did not pass the required training academy.Only 1,145 passed, far fewer than the number of controllers who left the job last year."We'll keep trying to keep up with attrition and we haven't been able to do that," Rinaldi said.He says if the problem isn’t addressed differently than it currently is, we can expect to be inconvenienced in the future when we fly."You will have some delays on the ground maybe even holding in the air depending on what the staffing looks at looks like at that facility," Rinaldi said. 1435

The plans were hatched, the eggs were boiled. It's time for the 140th White House Easter Egg Roll, taking place Monday on the South Lawn.Orchestrated by the East Wing, the festivities are Melania Trump's second crack at the Egg Roll as first lady and her first as a full-time White House resident. Last year, Trump, who was living in New York through the completion of the school year, oversaw the event, which marked a scaling-down and return to basics for the annual eggstravaganza. But this year's Egg Roll will showcase a first lady who has more fully embraced the role of White House hostess, just weeks before the White House holds its first formal state visit with France.This year's Egg Roll will feature activity stations, including the first lady's new addition of lawn bowling, as well as the egg rolling, egg and cookie decorating stations, a state egg display, cards for troops and costumed characters. The White House is expecting nearly 30,000 attendees at the event, which will feature entertainment from the US Marine, Army, Air Force and Navy Bands. Readers at the reading nook will include the first lady, director of national intelligence Dan Coats, Secretaries Elaine Chao and Betsy DeVos, and director of legislative affairs Marc Short. 1271