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Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.Investors are increasingly worried that President Trump's crackdown on China will trigger a fierce response that darkens the otherwise bright economic outlook.The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a "correction" — a decline of 10% from the all-time high in January. The Dow finished at its lowest point since November.All three major indexes took their biggest weekly tumbles since January 2016.The market failed to stage a rebound from Thursday's plunge, which erased 734 points from the Dow.China vowed on Thursday that it would fight a potential trade war "until the end.""We have this general freak-out. We don't know the next shoe to drop on trade," said Michael Block, chief strategist at Rhino Trading Partners.Investors were further rattled when China's ambassador to the United States signaled that China could ease purchases of US bonds in response to Trump's tariffs. "We are looking at all options," Ambassador Cui Tiankai told Bloomberg News.China is America's biggest creditor, with more than trillion of Treasury bonds."We've been told for our entire careers that trade wars made the Great Depression worse. And we believe it," said Bruce McCain, chief investment strategist at Key Private Bank.Related: Trade fears add to concern of a downturnAsian markets were rocked overnight after China vowed not to back down in a potential trade war with the United States. Japan's Nikkei 225 plummeted 4.5%, and the Hang Seng in Hong Kong lost 2.5%.On Thursday, the market sold off after Trump announced plans to impose tariffs on about billion of Chinese imports to retaliate for theft of intellectual property.China said hours later that it "is not afraid of and will not recoil from a trade war." Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about billion worth of imports of US goods.Trump, who often uses the stock market as a barometer for his success, shrugged off the market turmoil."I think the stock market is going to be great," he said Friday at the White House after a reporter asked about the sell-off. "The stock market is way up. When I came into office, the stock market was from a different planet."Despite the recent struggles, the Dow remains up about 30% since Trump's election.Related: China: We would fight a trade war 'to the end'The worry is that a tit-for-tat escalation between the two largest economies in the world will ruin the solid economic backdrop. Investors had been banking on strong growth this year, but a slowdown in trade and dented business and consumer confidence could change that outlook drastically.Barclays warned in a report that a trade war would drown out the benefits of Trump's tax cuts, which helped power Wall Street's euphoric rally."The administration is moving forcefully into the anti-trade portion of its policy agenda," Barclays economist Michael Gapen wrote in a report on Friday.But it's too early to assess the impact. Bullish investors hope that the administration will soften its tough stance with China, similar to how tariffs on steel and aluminum imports were later scaled back significantly."The threat of a misstep remains high," Raymond James Washington policy analyst Ed Mills wrote in a report, but there is an expectation that "these actions will be watered down or mitigated" in the coming weeks.Key Bank's McCain thinks it's more likely the market is going through a correction than entering a bear market. He pointed to robust corporate profits and the strong economy, which enjoyed robust job growth in February."If anything, a few weeks ago we worried about the economy overheating and inflation picking up," McCain said.The-CNN-Wire 3867

This is the beginning of Packer's second signed confession. The entire document is on display at the Hinsdale County Courthouse. 137

TORONTO (AP) -- The Toronto Raptors selected 6-foot-1 San Diego State guard Malachi Flynn 29th overall in the NBA draft, and 6-foot-5 Nevada guard Jalen Harris 59th.The Raptors face some uncertainty at point guard. Toronto hopes to re-sign free agent Fred VanVleet, while six-time All-Star Kyle Lowry, now 34, has one year remaining on his contract.Flynn began his college career with two seasons at Washington State before playing his junior season with the Aztecs.Flynn averaged 15.8 points per game in his final season with the Cougars, and boosted that to 17.6 points as a junior at SDSU, adding 5.1 assists and 4.5 rebounds.The 22-year-old Flynn was named the 2019-20 Mountain West Player of the Year and the conference's Defensive Player of the Year. 764

TORREY PINES (KGTV) - Two paragliders, one from San Diego and one from Orange County, died after colliding in mid-air and crashing into a cliff Saturday afternoon.It happened near Torrey Pines Gliderport around 2:45 p.m. Police confirmed both paragliders were men. One of the men was 61-years-old and the other man was 43-years-old, officials said. Both of the men were certified .Witnesses sat stunned when they watched the paragliders become intertwined, "I initially heard the collapse of the chute... I heard a collision, and some kind of sound, and looked over and saw two people falling from the sky," Madeline Henderson said."It was spinning but it was like in slow motion and I could see the guy, I don't know what he was trying to do but I felt bad for them," Irene Marquez said from the passenger seat of a car. She said it was her first time at the Gliderport and was traumatized by what she saw.Rescuers have recovered both of the bodies.Witnesses say the paragliders collided mid-air, a chute collapsed, and they spiraled to the ground and hit the cliffs. 1076

There have been about 11 natural disaster in the U.S. this year, each costing more than billion.The Montoyas survived Houston’s Hurricane Harvey.  Nearly a year and a half later, they are living in just one bedroom of their house, because they can't afford the repairs to the rest of their home. "It became really overwhelming, so I sat, and I just prayed, and I just said, ‘I'm going to leave it at your feet,’” says Monica Montoya.The Montoyas could be any of us. The locations in the path of natural disasters are changing, whether it's floods, freezing or flames."We're starting to see fires where we haven't seen fires before,” says Professor Jennifer Balch, an earth lab director at the University of Colorado.The client expert says forests are drying out, because global temperatures have warmed 1.8 degrees. Fires that we used to see primarily in the west are starting farther east. "So, the Gatlinburg fires in Tennessee, which killed several people," says Balch as an example.Fourteen people were killed and 2,400 buildings were damaged.Balch says she’s worried for the future."We've also seen fires in the tundra ecosystem in the arctic, which we haven't seen fires in the ecosystem seen 10,000 years," Balch says.Balch says heat will also make things bad in the south and east."We're essentially pumping more atmospheric water into the atmosphere, and that that water becomes available for storms," she says.In the Mid-Atlantic, summer-like weather is lasting  a day longer, on average, each year. In the Northeast, it’ll be two days longer, and heat waves will become more common, scientists say.But just like in the south, warmer air also means more moisture for storms in the winter.With even more disasters comes more need, and after a while, those big fundraisers we see afterwards lose steam"Community solidarity that follows disaster is often times very short lived, because that pain and the suffering and the long-term recovery process starts to set in for families and for communities," explains Lori Peek, director of Natural Hazards Center.Fortunately for the Montoyas, the family received manpower help from pastor Joel Osteen's mega-church. They just got a new roof. Their hope: their kids can get back to normal and spend Christmas in all the rooms of their home.“I just want to be with my family for Christmas, sitting on the couch, drinking hot cocoa and just being together,” says Rico Montoya.And with the new weather realities, the Montoya family is just another reminder that this could be any one of us. 2568

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