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The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue-chip giants.The Dow fell 600 points by late afternoon, or 2.6%. The S&P 500 lost 2.6% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged about 7% so far this December.The Dow closed down 507 points for the day.And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a 20% decline from the record highs notched in late August.A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets."Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."The political noise in Washington isn't helping either. President Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets."If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.Perez added that the recent market turmoil is justified because investors are readjusting to this fact."We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue." 2247

The White House defended President Donald Trump's Sunday tweet that included a video of his supporters yelling the phrase "white power" at protesters at a Florida retirement community.On Sunday morning, President Donald Trump retweeted a video that was reportedly taken at The Villages, a large retirement community in central Florida. At one point in the video, a man in a golf cart adorned with Trump flags yells "white power" at anti-Trump demonstrators.The protesters can also be heard in the video shouting profanities at Trump supporters and also calling Trump a "Nazi" and "racist."Trump included a message in his retweet of the video, writing, "Thank you to the great people of The Villages." The tweet was live for more than three hours before it was deleted from his feed.Though the tweet was deleted, it sparked condemnations from some members of his own party. Sen. Tim Scott, R-South Carolina, called Trump's endorsement of the video "indefensible."In a statement on Sunday evening, White House spokesperson, Judd Deere defended the president's actions, saying that he "didn't hear" the racist language used in the video."President Trump is a big fan of The Villages. He did not hear the one statement made on the video. What he did see was tremendous enthusiasm from his many supporters," Deere said, according to CNN and The Associated Press. 1365

The Southeastern Conference decided Thursday that they are only playing SEC teams this season amid the coronavirus pandemic.The SEC will play 10-conference games. They also decided to push their kickoff date to September 26 and the Championship Game will be played on December 19."This new plan for a football schedule is consistent with the educational goals of our universities to allow for the safe and orderly return to campus of their student populations and to provide a healthy learning environment during these unique circumstances presented by the COVID-19 virus," SEC Commissioner Greg Sankey said in a news release. "This new schedule supports the safety measures that are being taken by each of our institutions to ensure the health of our campus communities."A revised football schedule, which will first need to be approved by SEC athletic directors will be sent out at a later date, conference officials said.The SEC joins the Pac-12 and Big Ten conferences to be playing conference-only games.According to The Associated Press, the ACC will play an 11-game schedule with one non-conference game. 1120

The United States of America will NOT be cutting funding to @starsandstripes magazine under my watch. It will continue to be a wonderful source of information to our Great Military!— Donald J. Trump (@realDonaldTrump) September 4, 2020 243

The Santa Ana Zoo is providing shelter for about 150 animals from Orange County Zoo in Irvine Regional Park that were evacuated on Oct. 26 because of the Silverado and Blue Ridge wildfires. #CityofSantaAna @SantaAnaZoo @SantaAnaParks #silveradocanyonfire #BlueRidgeFire pic.twitter.com/qb0ZDQ83ck— City of Santa Ana (@CityofSantaAna) October 27, 2020 358