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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
TAMPA, Fla. (AP) — In his first trip to Florida at the Democratic presidential nominee, Joe Biden sought to build support among Latinos, who could decide the election in one of the nation's fiercest battleground states. WATCH LIVE:In a roundtable with veterans in Tampa on Tuesday afternoon, Biden tore into President Donald Trump for his reported remarks referring to fallen soldiers as "suckers" and "losers." Later in the day, Biden will hold a Hispanic Heritage Month kickoff event in Kissimmee, near Orlando, as part of an urgent mission to build support among Latinos who could decide the election in one of the nation's fiercest battleground states. 664

The Americans have chosen their President. Congratulations @JoeBiden and @KamalaHarris! We have a lot to do to overcome today’s challenges. Let's work together!— Emmanuel Macron (@EmmanuelMacron) November 7, 2020 220
States drafted plans Thursday for who will go to the front of the line when the first doses of COVID-19 vaccine become available later this month, as U.S. deaths from the outbreak eclipsed 3,100 in a single day, obliterating the record set last spring.With initial supplies of the vaccine certain to be limited, governors and other state officials are weighing both health and economic concerns in deciding the order in which the shots will be dispensed.States face a Friday deadline to submit requests for doses of the Pfizer vaccine and specify where they should be shipped, and many appear to be heeding nonbinding guidelines adopted this week by the Centers for Disease Control and Prevention to put health care workers and nursing home patients first.But they’re also facing a multitude of decisions about other categories of residents — some specific to their states; some vital to their economies.Colorado’s draft plan, which is being revised, puts ski resort workers who share close quarters in the second phase of vaccine distribution, in recognition of the billion industry’s linchpin role in the state’s economy.In Nevada, where officials have stressed the importance of bringing tourists back to the Las Vegas Strip, authorities initially put nursing home patients in the third phase, behind police officers, teachers, airport operators and retail workers. But they said Wednesday that they would revise that plan to conform to the CDC guidance.In Arkansas, Gov. Asa Hutchinson said health care and long-term care facility workers are the top priority, but the state was still refining who would be included in the next phase. A draft vaccination plan submitted to the CDC in October listed poultry workers along with other essential workers such as teachers, law enforcement and correctional employees in the so-called 1B category.Poultry is a major part of Arkansas’ economy, and nearly 6,000 poultry workers have tested positive for the virus since the pandemic began, according to the state Health Department.“We know these workers have been the brunt of large outbreaks not only in our state, but also in other states,” said Dr. Jose Romero, the state’s health secretary and chairman of the CDC’s Advisory Committee on Immunization Practices.Plans for the vaccine are being rolled out as the surging pandemic swamps U.S. hospitals and leaves nurses and other medical workers shorthanded and burned out. Nationwide, the coronavirus is blamed for more than 275,000 deaths and 14 million confirmed infections.The U.S. recorded 3,157 deaths on Wednesday alone, according to the tally kept by Johns Hopkins University. That’s more than the number of people killed on 9/11 and shattered the old mark of 2,603, set on April 15, when the New York metropolitan area was the epicenter of the U.S. outbreak.The number of Americans in the hospital with the coronavirus likewise hit an all-time high Wednesday at more than 100,000, according to the COVID Tracking Project. The figure has more than doubled over the past month. And new cases per day have begun topping 200,000, by Johns Hopkins’ count.The three main benchmarks showed a country slipping deeper into crisis, with perhaps the worst yet to come — in part because of the delayed effects from Thanksgiving, when millions of Americans disregarded warnings to stay home and celebrate only with members of their household.Keeping health care workers on their feet is considered vital to dealing with the crisis. And nursing home patients have proven highly vulnerable to the virus. Patients and staff members at nursing homes and other long-term care centers account for 39% of the nation’s COVID-19 deaths.As authorities draw up their priority lists for the vaccine, firefighter groups asked the Minnesota governor to placed in the first group. The Illinois plan gives highest priority to health care workers but also calls for first responders to be in the first batch to get the shot. Other states are struggling with where to put prisoners in the pecking order.Arizona Gov. Doug Ducey said he wants teachers to get priority so schools can stay open. Two California lawmakers asked for that, too, saying distance learning is harming students’ education.“Our state’s children cannot afford to wait,” wrote Republican Assemblyman Jordan Cunningham and Democratic Assemblyman Patrick O’Donnell. “This is too important to overlook or sweep aside.”The Utah Department of Health placed the state’s first order for its vaccine allotment Thursday.Utah officials said frontline health care workers will take top priority, with the five hospitals treating the most COVID-19 patients getting the first doses. State health officials said that additional doses likely will be available in February and March for more hospital workers, and essential workers — including police officers, firefighters and teachers — also will be prioritized.Texas is putting hospital staff, nursing home workers and paramedics at the top of the list, followed by outpatient medical employees, pharmacists, funeral home workers and school nurses. Nursing home patients did not make the cut for the first phase.Advocates strongly expressed frustration over the way some states are putting medical workers ahead of nursing home residents.“It would be unconscionable not to give top priority to protect the population that is more susceptible or vulnerable to the virus,” said John Sauer, head of LeadingAge in Wisconsin, a group representing nonprofit long-term care facilities.He added: “I can’t think of a more raw form of ageism than that. The population that is most vulnerable to succumbing to this virus is not going to be given priority? I mean, that just says we don’t value the lives of people in long-term care.”Iowa, which expects to get 172,000 doses over the next month, will make them available first to health care workers and nursing home residents and staff, while an advisory council will recommend who comes next to “minimize health inequities based on poverty, geography” and other factors, state Human Services Director Kelly Garcia said.For example, prison inmates and residents of state institutions for the disabled aren’t in the first round but will be put ahead of others, she said.___Foley reported from Des Moines, Iowa. Associated Press writers Andrew DeMillo in Little Rock, Arkansas; Geoff Mulvihill in Davenport, Iowa; Jim Anderson in Denver; Bob Christie in Phoenix; Steve Karnowski in Minneapolis; Sophia Eppolito in Salt Lake City, Utah; and Tammy Webber in Fenton, Michigan, contributed to this story. 6578
Thanks to an iconic pop music superstar, the world's loneliest elephant has a new home and on Monday started his new life at an elephant sanctuary.According to the Los Angeles Times, Cher was first alerted to Kaavan in 2016, who was living in dire conditions at a zoo in Pakistan on Twitter.USA Today reported Kaavan - now 36 - was gifted to Pakistan by the Sri Lankan government when he was 1 in 1985 and lost his only elephant companion Saheli in 2012.According to Cher's charity, Free the Wild, in July, a Pakistani High Court decided to relocate Kaavan to a different sanctuary, and the Marghazar Zoo was closed. The Islamabad Wildlife Management Board then determined that Kaavan be moved to an elephant sanctuary in Cambodia.On Monday, through the Eric S. Margolis Foundation, who donated the Kaavan’s flight, the elephant was transported from Pakistan to Cambodia. According to the animal welfare organization, Four Paws, the flight went smoothly, and Kaavan even slept during the trip. 1001
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