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Corporate America is coming to Wall Street's rescue.The Dow soared?548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses.Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%.Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher."It's a bounce back after an overdone situation last week," said David Joy, chief market strategist at Ameriprise Financial.Market sentiment was lifted by earnings beats from Goldman Sachs, Morgan Stanley and Johnson & Johnson. Adobe and UnitedHealth added to the good news by offering upbeat guidance for 2019.Taken together, the corporate report cards underscore the ability of businesses to cash in on the strong US economy. And the results should ease fears about the US-China trade war."We're focusing back on fundamentals," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. Suzuki called Tuesday's rally a "reflexive rebound."Last week, the Dow, S&P 500 and Nasdaq all suffered their worst week since March. At one point, the Dow plummeted more than 1,000 points in just two trading days.Despite Tuesday's advance, all three major indexes remain firmly in the red for the month.One major source of investor nervousness has improved: bond yields. A sudden spike in 10-year Treasury rates above 3.25% spooked markets. The rapid climb in rates was driven by the strong economy, the surging federal deficit?and concerns about a more aggressive Federal Reserve.Investors feared higher borrowing costs that could slow growth and sudden competition for the stock market from boring bonds.But Treasury rates, which move in the opposite direction of prices, eased late last week as investors poured cash into the safety of government bonds. Rates have stabilized at around 3.15%, relieving stock market bulls."That has reassured people that this is not the start of something much worse that could really sidetrack the market," said Bruce McCain, chief investment strategist at Key Private Bank. 2288

Citing deadlock in negotiations between the administration and congressional Democrats to create a second stimulus bill, President Trump signed four executive orders Saturday aimed at helping Americans struggling with the ongoing pandemic.Here is a look at what each one says and what next steps could be.Unemployment benefitsOne of the most highly-anticipated and most debated executive order is focused on increased weekly benefits for those claiming unemployment. President Trump’s executive order would make it 0 a week and require states to provide 25 percent of the funds.The CARES Act had added an additional 0 a week to what states offered in unemployment benefits. The funding came from the federal government for that added weekly benefit, and ended August 1.It's unclear whether states have the money or the will to fund the new plan. Connecticut Gov. Ned Lamont says it would cost his state alone 0 million to provide the extra benefit through the rest of 2020.He is one of several who have come out since Saturday’s announcement and expressed concern at states being able to afford to participate in the extra unemployment benefits.Many states are already facing budget crunches caused by the pandemic. Asked at a news conference how many governors had signed on to participate, Trump answered: “If they don’t, they don’t. That’s up to them.”By Sunday night, Trump clarified how the process could work, telling reporters states could apply to have the federal government provide all or part of the 0 payments. Decisions would be made state by state, he said.On CNN’s “State of the Nation” on Sunday, White House economic adviser Larry Kudlow said conflicting things about whether the federal money was contingent on an additional contribution from the states.Initially Kudlow said that “for an extra 0, we will lever it up. We will pay three-quarters, and the states will pay 25 percent.” In the same interview, though, he later said that “at a minimum, we will put in 300 bucks ... but I think all they (the states) have to do is put up an extra dollar, and we will be able to throw in the extra 0.”A clarifying statement from the White House said the “funds will be available for those who qualify by, among other things, receiving 0/week of existing assistance and certify that they have lost their jobs due to COVID-19.”Evictions moratoriumThe previous moratorium, which was part of Congress-approved aid earlier this year, ended at the end of July, leaving an estimated 12 million households potentially at risk that were protected. Some states have taken action on their own to extend the moratorium, but not all.The original ban on evictions applied to mortgages that were backed by federal funds. By some estimates, this only covered about a fourth of the country’s rental units. The majority of units have private mortgages or owners and were not covered by the ban.The new executive order signed Saturday states "the Secretary of Health and Human Services and the Director of the CDC shall consider whether any measures temporarily halting residential evictions of any tenants for failure to pay rent are reasonably necessary to prevent the further spread of COVID-19."The president’s plan calls on the Housing and Urban Development and Treasury secretaries to identify any available federal funds to “provide temporary financial assistance to renters and homeowners" who are "struggling" to pay mortgages and rents.On Sunday, White House economic advisor Larry Kudlow said the order will put a complete stop to evictions.“The health secretary has the authority, working with the CDC to declare it an emergency. And, therefore, there will be no evictions,” Kudlow said in an interview with CNN. He reaffirmed that if Health and Human Services declares an emergency, evictions will be stopped.Kudlow added that the executive order sets up “a process. A mechanism. I can't predict the future all together. All the federally financed, single families and multifamilies will be covered as they have been.”There has been no update yet on how long this process could take to identify available funds, and how much assistance the administration could provide.Payroll taxesTrump’s executive order on payroll taxes is a postponement of the collected taxes until the end of the year, and defers the due date for the portion of taxes paid by employees. Federal payroll taxes are roughly 6.2 percent for Social Security and 1.45 percent for Medicare.The deferment would only apply to employees making less than roughly 0,000 a year.Think of it like the deferring of federal income taxes, American still had to file and pay their taxes but they weren’t due until July 15.The payroll taxes would still be due at the end of the year, and companies control whether the taxes are withheld from paychecks or not. There is no word yet if companies will continue to collect the payroll taxes from paychecks in order to pay at the end of the year.President Trump during Saturday’s press conference on the executive orders said if he was elected president he would work to forgive the levy and make cuts to payroll taxes. However, many are clarifying that the power to change tax laws lies with Congress and not with the president.Student loansThe fourth executive order directs the Education Department to extend the student loan relief until the end of the year.Loan payments and the accruing of interest on federally-held students loans is on hold right now until September 30. The executive order would move that date until December, and potentially longer. Trump eluded to possibly extending the deadline out further.Trump originally waived student loan interest by executive order in March, and the policy was clarified to include pausing loan payments and included in the CARES Act passed by Congress. 5841

CLEVELAND — A mother in Shaker Heights, Ohio said her daughter was ridiculed after asking her cheerleading coaches for a larger uniform. Mother Lakessa Taylor claims the fat-shaming didn't end there.Laylonie Dowdell, 16, rejoined the cheerleading squad at Shaker Heights High School this fall, but after a summer off, her uniform was a little snug.Her mother told her to request a new, larger one and the teen said what happened next left her speechless."They basically refused to order me a uniform because they said it held my boobs down," Dowdell said.She not only complained that her top was extremely tight, she told an assistant coach her pants were too small as well."She replied, 'I wonder why? You're eating too much,' and insisted I run laps back and forth to the stop sign and back until my ride got there," said Dowdell.Dowdell said she didn't want to show her two coaches she was upset, so her coping mechanism was to always smile and giggle."You're supposed to be my coach, she's supposed to mentor me, uplift me, but you're putting me down," said Dowdell.In a video from an away game in Medina, Ohio you can see Dowdell having to pull her uniform down.After struggling with it at another game in Mentor, Ohio she said she was approached by the assistant cheerleading coach while holding a hot dog and a pop.Dowdell said the coach asked her: "What are you putting in your mouth now? Why are you eating that?"Dowdell's mom said the hurtful comments left her daughter broken."We train our children to fend off bad things from other children, but we don't train them to defend themselves against adults," Taylor said.Taylor said as soon as her daughter told her what was going on, she notified the principal."I complained to the school on Monday. Today is Friday. I haven't heard anything from the school," said Taylor.While she hasn't heard anything from the school district, Taylor got a chance to talk with the assistant coach."She told me herself, 'Well, Laylonie was laughing and joking and so I didn't think there was anything wrong with what I said. Laylonie talks to me about her weight sometimes, so it was OK for me to say those things to her,' " said Taylor.Since coming forward and sharing her story, both coaches in question have resigned. WEWS was told the head coach planned to do so anyway at the end of football season."This is not the only complaint. We're talking about several. I've talked to four parents in the last 24 hours," said Taylor.In light of these allegations, the district is praising the head coach for her 23 years of service, calling her a devoted coach, a mentor and a "valuable member" of the athletic department."It's disturbing that the school is commending this lady for all that she has done," said Taylor.The district refused WEWS's requests for an on-camera interview, but a spokesperson said they take complaints of this nature very seriously.In the meantime, Dowdell said for the first time ever she's having issues with her body image."I know I'm pretty, I know I'm beautiful. But, when I look in the mirror I'm not as skinny as the next girl, or I can lose a few," said Dowdell.In a statement, the district said that despite these resignations, the investigation into these complaints will continue. 3290

COLUMBIA COUNTY, Wisconsin -- Twenty people were hurt when a semi-truck hit a school bus carrying students from a Milwaukee private school Wednesday morning, according to the Wisconsin Department of Transportation.Four of the injuries are serious, the DOT says. The severity of the other injuries is not yet known.The students were from Hope Semper Christian School.The crash happened just after 10:00 a.m. on I-39 northbound, near DeForest, Wisconsin. The DOT says the semi crashed into the school bus, which was parked on the shoulder of the interstate after pulling over due to a mechanical issue.Students who were not injured are being transported to the State Patrol Post in DeForest for reunification with family members.The students were participating in an end-of-year field trip, according to a statement the school posted on Facebook. "While very scary, our staff and students were blessed by urgent first-responders, local medical attention as well as the kindness and generosity of Deforest Public Schools. Please keep our Semper scholars in your prayers for quick recovery and safe travels to reunite with loved ones," the statement read.   1191

Comet NEOWISE may be on its way out, but that doesn't mean that the night sky's light show is set to end.According to the American Meteor Society, two meteor showers are set to peak in the coming days, which could result in several fireballs that light up the sky.One of those showers is the Southern Delta-Aquariids, which, according to NASA, are typically visible between July 12 and Aug. 23. But the agency reports that the system will peak in activity early Monday morning.At its viewing peak — in the southern hemisphere on a clear dark night — the Southern Delta-Aquariids can produce up to 25 meteors an hour, NASA says. Unfortunately, Americans won't be able to see that many fireballs, but experts still say some may still be visible — especially for those with minimal light pollution and clear skies.NASA says the Southern Delta-Aquariids will be most visible between moonset and first dawn on early Monday morning.The American Meteor Society also reports that the Alpha Capricornids will also peak early next week. While the AMS notes that the shower isn't particularly strong (about five meteors an hour), the meteors it does produce are particularly bright and visible.The AMS says the Alpha Capricornids will peak Tuesday night into Wednesday morning.According to the Associated Press, Comet NEOWISE will be visible in the night sky through mid-August before it heads back out toward the outer solar system. 1430

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