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Stock market volatility is back in a big way: The Dow is set for a big rally Friday after a two-day meltdown.Dow futures pointed to a 350-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%.Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some of investors' fears about another trade war escalation. On Friday, China reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summerEarnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected banks to post another incredibly profitable quarter — and JPMorgan managed to beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday looked to regain some of their losses. Facebook (FB) rose 1%, Amazon (AMZN) was up 3%, Apple (AAPL) rose 2%, Netflix (NFLX) was up 4% and Google (GOOGL) bounced back 2%.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits.The VIX volatility index touched its highest level since February.The-CNN-Wire 2531

STOCKHOLM (AP) — Americans Harvey J. Alter and Charles M. Rice and British-born scientist Michael Houghton have won the 2020 Nobel Prize in medicine for their discovery of the hepatitis C virus.The World Health Organization estimates there are over 70 million cases of hepatitis worldwide and 400,000 deaths each year.The disease is chronic and a major cause of liver inflammation and cancer.The Nobel committee says, “thanks to their discovery, highly sensitive blood tests for the virus are now available," a development that has greatly reduced the chances of getting hepatitis C through blood transfusions.The medicine prize carries particular significance this year due to the coronavirus pandemic, which has highlighted the importance of medical research. 769

Stores are unveiling their plans for the most critical days of the holiday shopping season.Here's a look at what major retailers have said about their hours for Thanksgiving Day and Black Friday. This list will be updated.JCPenneyJCPenney will open at 2 p.m. on Thanksgiving Day. Its stores will stay open until 10 p.m. the following day. Online sale prices will start four days ahead, on November 19.KmartKmart stores will open at 6 a.m. on Thanksgiving and will stay open until 10 p.m. on Black Friday. Some stores will close at midnight or 2 a.m. on Friday and reopen at 6 a.m.Macy's Macy's will open most of its full department stores at 5 p.m. on Thanksgiving. The company is also highlighting deals that will only be available at certain hours.PetSmartPetSmart will be closed on Thanksgiving, but will open on Black Friday at 7 a.m. The pet retailer will stay open until 9 p.m., and doorbuster deals will run from open until noon.SearsSears says most of its stores will be open from 6 p.m. to midnight on Thanksgiving, though some will be closed for the holiday. All stores will reopen at 5 a.m. on Black Friday.TargetTarget's Black Friday event starts at 6 p.m. on Thanksgiving. New this year: Stores will close that night at midnight and reopen Friday at 6 a.m.  1283

TERRE HAUTE, Ind. -- A Terre Haute police officer who died following an exchange of gunfire with a homicide suspect Friday night has been identified as Patrolman Rob Pitts, a 16-year veteran of the force.Pitts and three other officers with the Terre Haute Police Department were looking for a potential homicide suspect Friday afternoon at the Garden Quarter apartment complex.State police say the suspect started shooting at the officers from the second floor of an apartment building and the officers returned fire. Patrolman Pitts was wounded and later died at Terre Haute Regional hospital.The suspect was located around 9:15 p.m. when members of the Terre Haute Police Department SWAT team entered the apartment building.He also died from his wounds. His name has not been released. 835

Stephanie Clifford, the porn star known as Stormy Daniels, discussed her alleged affair with Donald Trump during a May 2007 radio appearance, a well-known Florida radio personality told his listeners Friday.Bubba the Love Sponge Clem, known as Todd Clem before he legally changed his name in 1999, played portions of the interview on his radio show Friday and Monday, in which Daniels was asked to write down the names of famous men she had slept with. Clem says the first name on that list was Donald Trump. Although neither Daniels nor the host says Trump's name in the 2007 audio, she can be heard describing key details that match the description of her alleged affair with Trump.Clem said on his radio program that Daniels was talking about Trump, and later verified the same information to CNN. CNN independently corroborated the story with another person who was in Clem's studio that day, who would speak only on the condition of anonymity. That person also said Donald Trump's name was the first on Daniels' list.This would be the earliest known instance of Daniels publicly discussing the alleged affair.CNN obtained a full recording of Daniels' May 16, 2007, appearance, which matches the clips Clem played on air Friday.Michael Avenatti, a lawyer for Daniels, declined to comment and said Daniels would not be commenting.A spokesperson for the White House referred all questions to the President's outside lawyers. Trump's personal lawyer, Michael Cohen, did not return a request for comment. Cohen has said previously that Trump "vehemently denies" any affair.Cohen has admitted that he used 0,000 of his own money to pay Daniels.A lawsuit filed last week by Daniels says the money was part of a "Hush Agreement" to keep her from speaking publicly about an alleged affair with Trump. The lawsuit argues that the agreement is void because Trump never signed it.White House press secretary Sarah Sanders told reporters last week that the matter with Trump and Daniels has been put to rest, saying, "I can share that the arbitration was won in the President's favor. I would refer you to the President's outside counsel on any details beyond that."Clem told his listeners in January that he had removed the appearance from his archives, the website Bubba Army Radio, because he didn't want any unwanted attention in advance of an upcoming federal court case with Nielsen over alleged ratings tampering by Clem.Clem declined to be interviewed for this story, citing a pending civil matter, but provided CNN with a statement: "This interview happened in May 2007. I only asked the questions. Stormy answered them. I wish her and our President nothing but the very best. I don't think it's that big of a deal. We need to stop worrying about the past and focus on the future. President Trump is our President, regardless of who he slept with 12 plus years ago. The media and haters need to get over it."In the clips Clem played of the 2007 episode Friday, Daniels can be heard describing an affair she had with a wealthy man that took place in Nevada less than a year before her radio appearance. The details match with those in the lawsuit filed by Daniels last week. In that suit, Daniels alleged she had an "intimate relationship with Mr. Trump in the Summer of 2006 in Lake Tahoe and continued her relationship with Mr. Trump well into the year 2007.""Can you write down a name and we won't say it on air, for our own personal reasons," an unidentified co-host (not Clem) says to Daniels in the 2007 appearance. "We've done this before. We won't mention it on the air. We won't say any clues."When the name is shown, the hosts can be heard saying "no way" and "wow." An assistant of Daniels, identified by the name of Cheryl, can be heard verifying the affair happened when asked if it was true."Be careful on this one. Do not say a word," Clem can be heard saying, cautioning Daniels and his co-hosts to not speak the man's name.Daniels, when asked how long the affair took place, added that it lasted "less than a year."Later in the show, Clem plays short clips of Daniels responding to questions over the alleged affair. Daniels said the tryst took place in "Nevada, but not Vegas." At the prodding of the radio hosts she says it was in Lake Tahoe, which is where Daniels first encountered Trump at a celebrity golf tournament in 2006.She said she found it "horribly embarrassing" that this person was the best in bed of the three people on her list and added that the person contacted her "twice a month."She later added that there was no money exchanged."There was no exchange of money," said Clifford. "I'm sure if he had felt the need to graciously help me I would have put it in my purse." 4718