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Why are stocks falling again? President Donald Trump says it's because Democrats are gearing up to use their impending control of the House of Representatives to investigate him. As always, when it comes to the markets, the real answer is complicated.The Dow fell by more than 600 points on Monday, dragged down by investors' concerns about the tech sector and the rising dollar. The Nasdaq fell 2% and the broader S&P 500 fell 1.2%.Apple (AAPL) fell 5% after supplier Lumentum cut its earnings and sales forecast because of weak demand, and JPMorgan cut its target price on Apple's stock. That weighed on other technology stocks, including Amazon (AMZN) and Tesla (TSLA) -- down 4% -- as well as Facebook, which fell 3%. Google (GOOGL), Netflix (NFLX) and Microsoft (MSFT) were all down more than 2%.The strong dollar also weighed on stocks. The US currency surged to a 16-month high because investors fear the European economy could stall if no Brexit deal is reached this week. Prospects of another rate hike from the Fed next month have also helped lift the dollar. The rising dollar is a signal of a strong economy, but it hurts sales and profits for American companies that do business overseas.Though Trump blamed Democrats for the drop, the Dow had actually bounced back since the midterms, rising last week in its best showing since March. Wall Street tends to like stagnation in Washington, so investors are actually just fine with Democrats taking the House.As for what Trump termed the "prospect of presidential harassment," there is not much evidence the stock market will bat an eye if Democratic leaders in the House begin investigations into the Trump administration. Stocks rose before, during and after President Bill Clinton's impeachment. 1800
WILMINGTON, Del. – A video has been released that appears to show the moment former vice president Joe Biden asked Sen. Kamala Harris to be his running mate.Harris tweeted the video out Wednesday morning, a day after it was announced that she would join the presumptive Democratic presidential nominee on the ballot as the party’s vice presidential nominee.We are in a battle for the soul of this nation. But together, it's a battle we can win.@JoeBiden—I'm ready to get to work. pic.twitter.com/3PJcUTYBGU— Kamala Harris (@KamalaHarris) August 12, 2020 In the video, dated Tuesday, Aug. 11, Biden asked Harris over video chat if she’s “ready to go to work.”“Oh my God. I’m so ready to go to work,” Harris responds.Harris then goes on to talk a little bit about her background as a Black woman who became a lawyer to fix a broken justice system, her time as the attorney general of California, and her work as a U.S. senator representing The Golden State.The senator explains why she’s joining Biden in the “battle for the soul of this nation.”Lastly, the video cuts back to Harris speaking with Biden over the computer.Biden asks, “First of all, is the answer yes?”She responds, “The answer is absolutely yes, Joe. And I am ready to work. I am ready to do this with you, for you. I’m just – deeply honored and I’m very excited.”Shortly before the video was released, President Donald Trump addressed Biden’s choice for VP on Twitter, saying “@KamalaHarris started strong in the Democrat Primaries, and finished weak, ultimately fleeing the race with almost zero support. That’s the kind of opponent everyone dreams of!”Trump also released an attack ad when Biden made his VP announcement Tuesday. The video called Biden “not that smart” and accused Harris of “rushing to the radical left” during her campaign for president.pic.twitter.com/jXoffXyZed— Donald J. Trump (@realDonaldTrump) August 11, 2020 Biden and Harris are expected to hold a press conference in Delaware at 4:30 p.m. ET Wednesday, appearing for the first time together as running mates. 2062

WILMINGTON, Del. (AP) — Democratic presidential candidate Joe Biden is confirming that he’s been tested at least once for the COVID-19 virus and promises he will be tested regularly during his campaign against President Donald Trump. Biden told reporters Friday of his testing protocol during a wide-ranging news conference he used to blast Trump for downplaying the virus and thus ensuring that it will continue to kill Americans and ravage the economy. For much of the summer, Biden’s advisers deflected questions about whether the former vice president was being tested himself as he anchored his campaign almost exclusively from his Delaware home, traveling sparingly as a precaution.Biden plans on resuming a relatively normal travel schedule after Labor Day. Since March, Biden has mostly held virtual events due to the coronavirus. 847
White House chief of staff Mark Meadows told reporters Wednesday that President Donald Trump wants to continue working from the Oval Office despite being infected with COVID-19.According to CNN and CBS, Meadows told reporters that the White House would be taking extra precautions to allow Trump to do so. According to CBS reporter Ben Tracy, any White House staff coming in contact with the president will wear gowns, gloves, masks and eye protection.It's unclear if Trump would also wear personal protective equipment (PPE) while working in the Oval Office.Following Meadows' statement to reporters, Larry Kudlow, the Director of the United States National Economic Council, said during an appearance on CNBC that Trump visited the West Wing with those added precautions on Tuesday.Medical experts say that while PPE greatly reduces the spread of COVID-19, it cannot prevent the spread of the virus entirely. The CDC recommends that anyone who comes within six feet of a person who may have COVID-19 should quarantine for 14 days, excluding those who have had the virus within the last three months.During a press conference on Monday, White House physician Dr. Sean Conley did not specify if Trump would be asked to quarantine in the White House residence while he was infected with COVID-19.This story is breaking and will be updated. 1346
With America’s student loan crisis reaching .5 trillion, it’s not just college graduates who are paying off the loans. Parents are now getting sucked in to pay.One man says he has a warning for other parents, before they try to help their children.Victor Turner, who is a veteran, took out Parent PLUS loans in order to send his daughter to college. "Out of all the loans, I think the highest one is about 0 a month, but there are 7 of them." Now, back in school himself and caring for his new son, Turner is not the only parent risking their financial future for their child’s future. In 2016, an average parent owed about ,000 on loans to help pay for their child's education. 734
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