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The White House has approved a disaster declaration for Shasta County, California, where officials say the massive Carr Fire has killed seven people and is continuing to burn through homes and property.The death toll in the Carr Fire reached seven Saturday when a Pacific Gas & Electric worker was killed while working with a crew to restore power in western Shasta County, utility spokesman J.D. Guidi said. An eighth fire-related death occurred in the Ferguson Fire, east of San Jose, when Capt. Brian Hughes of the Arrowhead Interagency Hotshot Crew was killed.In a statement announcing the White House's approval Saturday, Gov. Jerry Brown said California had submitted the request for a Presidential Major Disaster Declaration earlier that day to help with the impact of fires across the state. 811
The stock market is on the comeback trail.After another wobbly session, the Dow soared 287 points, or 1.2%, on Friday. It was the index's best day since August.The Dow had soared 400 points at the open before giving up most of those gains and then resuming its rally. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 jumped 1.4% on Friday. The Nasdaq, which has taken the brunt of the recent stock market turbulence, spiked 2.3%.Despite Friday's rebound, all three major indexes suffered their worst weeks since March. And the S&P 500 is down three straight weeks. That hasn't happened since the Brexit referendum of June 2016.Investing experts weren't exactly sure what turned stocks negative by midday. The driving forces behind this week's downturn -- trade war and interest rate fears -- were around before this week, and yet market volatility is spiking."The sellers have control right now," said Justin Walters, co-founder of Bespoke Investment Group. "The scariest sell-offs are the ones you can't tie to a specific reason."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."What we are seeing now is changing sands. The ground isn't stable and people are figuring out where to go next," said JJ Kinahan, chief market strategist with TD Ameritrade.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 regained some of its losses. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) were all up.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.Markets had bounced back Friday morning following news that President Donald Trump plans to meet next month with Chinese leader Xi Jinping at the G-20 summit. That eased some of the investors' fears about another trade war escalation. China also 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 summer.But Kinahan is still worried about US-China trade talks. He thinks that a deal is key in order for the markets to get back on track, adding that a full-blown trade war could undo much of the positives from the Trump administration's pro-business policies."The concern is that if nobody blinks, it could negate all the tax cuts we had," he said.Earnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected the financial sector 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.Rebounds after disastrous market selloffs are common. Investors who think the market may be oversold look to buy stocks they think are suddenly cheap.But markets are fickle. 3804
The two Los Angeles County Sheriff's Deputies who were shot in an ambush-style attack on Saturday are out of surgery and expected to survive their injuries, according to reports from ABC News, CNN and The Washington Post.Alex Villanueva, the LA County Sheriff, told CNN Sunday night that it looked like the two injured officers would be able to recover from their injuries, but the long-term impacts on their health are currenlty unknown."We'll see what the long-term impact is. We don't know that yet, but they survived the worst," Villanueva reportedly said during a community dialogue event, according to CNN.A suspect ambushed the two officers as they sat in a police car near a Compton metro station on Saturday night. Surveillance video posted by the department on Twitter shows a man walk up to the passenger side of the patrol car, raise a gun to the window and open fire. The deputies were able to radio for help as the suspect ran away.The two injured deputies, a 31-year-old woman and a mother and a 24-year-old man, were relative newcomers in the department, having been on the job for 14 months.According to ABC News, officials are offering a 0,000 reward for information that could lead to the suspect's arrest.Politicians widely condemned the shooting. On Sunday morning, President Donald Trump called for a "fast trial death penalty for the killer" if the deputies were to succumb to their injuries."Only way to stop this!" Trump added. 1463
The school buildings in Evanston, Illinois, are still empty. But the district’s recently hired superintendent caused a stir during a public Zoom meeting announcing how the they will decide which students get priority seating when in-person learning resumes.“We have to make sure that students, who have been oppressed, that we don’t continue to oppress them, and we give them opportunity,” said school superintendent Dr. Devon Horton of the Evanston/Skokie school district in late July.“We will be targeting our dependent learners – those are students who are marginalized first,” he said.Low-income students, special needs and those dealing with homelessness are just some who will be first in line. There have been angry letters, petitions and even death threats to the superintendent and school board.“Understanding that other folks are experiencing more vulnerability and more harm than my family is experiencing,” says Anya Tanyavutti, a parent of two and the Evanston district’s school board president. “I'm happy to see those resources go to people who need it more.”For the last four years, the Evanston school district has been working on implementing anti-racism resolutions and curricula to address inequity.“Taking an anti-racist stance requires some sort of sacrifice,” says Dr. Onnie Rogers a professor at Northwestern University’s school of Education and Social Policy. “I think that's really the part of racial equity that our country is still getting used to on the ground.”Here in Evanston, the achievement gap does fall along racial lines where Black and Latino students are one-third as likely as white students to meet college readiness benchmarks.The district acknowledges that its plan to allow some students to return before others falls mostly along racial lines. But it is need, they say, not race, that will be the determining factor.“If we simply said we're gonna just reopen for whoever wants to come, then the people who are most well-resourced and most well-connected would likely be able to get those seats prior to people who are challenged with homelessness or challenged with getting food on the table,” says Tanyavutti.And there has been opposition. Arlington, Virginia, based ‘Students for Fair Admissions’- a non-profit advocacy group that has mounted legal challenges to affirmative action, has called the district’s plan unconstitutional.“If that student has unique special needs then that's fine to take those into consideration,” says Edward Blum, president of Students for Fair Admissions. “What is not fine to take into consideration is the skin color or ethnic heritage of students.”“It has been legally reviewed, and I am confident that we are operating within the bounds of our Constitution,” says Tanyavutti.In-person learning is tentatively scheduled to resume in mid-November. And while the district says it will accommodate as many students as possible the priority remains their most vulnerable student population. 2974
The Wake Forest Institute for Regenerative Medicine says it has a new use for its bioprinting system. In the past they've 3D printed normal-size organs and tissues in hopes of someday implanting them in patients.For the coronavirus, the lab is creating organs using human cells that can be as small as a pinhead. They're focusing on the organs most likely to be infected by the disease. like the lungs.“And so we've been playing with a number of agents to, on both prongs what can make it more infective, what can make it less infective to try to sort this out for the future,” Anthony Atala, director for the institute said.Atala says he hopes the system will help in testing drugs before they hit the market.Drug companies do extensive testing and clinical trials in people before releasing a new medication.Atala says sometimes those companies find no serious side effects, but then years later, discover that it's toxic to patients taking it. Atala says testing a drug using the bioprinting system can tell if a drug is toxic in weeks instead of after years on the market.“Even though we've used the tool extensively for toxicity testing, it's also a tool that can be used for screening,” Atala said. “So we can test agents that are currently being considered for testing against COVID and test the efficacy of the treatment on miniature human organs made up of normal cells”To be clear, Atala said drug tests on 3D printer organs are not meant to replace clinical trials in humans, be are an added step to better predict what will happen in those trials. 1567