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That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.The Dow Jones sunk nearly 800 points on Tuesday, nearly a three percent drop.The S&P 500 declined 2.5%, while the Nasdaq tumbled 3%.Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.But investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress."People are still very concerned about the trade war," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. "Financial markets are increasingly showing signs of fear of a recession."President Donald Trump did not help Wall Street's trade war worries on Tuesday. Trump said that he would "happily" sign a fair deal with China but also left open the possibility that the talks will fail."President Xi and I want this deal to happen, and it probably will," Trump tweeted. "But if not remember... I am a Tariff Man."Those words aren't likely to bolster confidence among investors already worried about the negative consequences of the trade war. Steel and aluminum tariffs have lifted raw material costs and caused disarray in supply chains. And uncertainty about trade policy makes it very difficult for companies to make investment decisions.Investors have also grown very worried in recent days about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.The gap between the 10-year and two-year Treasury yields dropped on Tuesday to the smallest since just before the Great Recession. And the less closely watched gap between three and five-year Treasury yields inverted on Monday.The tightening yield curve reflects fears about a growth slowdown and concerns about whether the Federal Reserve is raising interest rates more quickly than the economy can handle. Fed chief Jerome Powell gave a speech last week that investors interpreted as signaling the central bank could slow its rate hikes. However, there is a debate over whether Powell really was telegraphing a sudden change.Barry Bannister, head of institutional equity strategy at Stifel, predicts the Fed will pause its rate hikes because it has already made monetary policy too tight. He pointed to the slowdown in the housing market caused by higher mortgage rates."It's playing with fire to be too tight and risk an inversion because you don't know what the outcome will be," Bannister told reporters on Tuesday. "Even if the Fed pauses, they may have already done too much."A flattening yield curve and slowing economic growth hurt the profitability of banks.The financial sector was the second-worst performer in the S&P 500 on Tuesday. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece.But Suzuki cautioned that the markets could be overreacting. He pointed to strong corporate profits and the fact that the yield curve has not yet inverted."We don't see signs of an impending recession," Suzuki said. "There is a widening gap between market fear of a deterioration in the fundamentals and the actual fundamentals themselves." 3558

Sunday, April 1, will mark six months since a mass shooting at the Route 91 Harvest Festival on the Las Vegas Strip. Fifty-eight people died, and 851 were injured after shooter Stephen Paddock fired more than 1,100 rounds at a crowd of country music fans. Paddock was in a room on Floor 32 at Mandalay Bay hotel and casino when he committed the act last fall.It is the deadliest mass shooting committed by an individual in the United States.There will be several memorial services and vigils around Las Vegas to mark the day, including one near the Route 91 Harvest Festival grounds. That vigil will start at 6 p.m. local time near Reno Avenue and Giles Street. Afterward, attendees will be allowed to walk around the site. The shooting on Oct. 1, 2017 occurred between 10:05 and 10:15 p.m. local time. 845

The 28th richest person in America was there the night Oklahoma raised his taxes, and he was not happy.Some of the poorest teachers in America were also there as the lawmakers voted. And while this bill would move money from the billionaire's pockets to their own, when it passed ... they weren't happy either.They had organized on Facebook, marched on the State House and threatened to walk out of classrooms en masse. In a bright red state full of Republican fiscal hawks, their cries for higher pay were enough to force the first vote of its kind in a generation to raise taxes.But with modest new rates on fuel, cigarettes and oil production, lawmakers could only meet a fraction of their demands for a ,000 raise over three years for teachers and ,000 for support staff.For teachers, it wasn't enough. But for multibillionaire Harold Hamm, it was too much.The chairman and CEO of energy giant Continental Resources knew that any new tax on energy production would need a three-fourths' supermajority in both houses of the legislature. The presence of an oil field tycoon and member of the Oklahoma Hall of Fame might sway enough votes to kill the bill, like all the others before it.Not this time. The bill passed. The Gross Production Tax on oil and gas wells will go from 2% to 5%, though that is still the lowest in the nation.The new law will give the average teacher a ,100 raise -- but that's not enough to stop a mass walkout on April 2.Governor Mary Fallin is voicing hope that teachers will turn their protest into a one-day rally and be back in class on April 3.But if they stay out, it means this skirmish between "too much" and "not enough" has just begun.How long it lasts -- and whether it sparks another red state revolt among teachers in Arizona -- now depends on the determination of the long-suffering educators of Oklahoma, who were themselves inspired after watching the nine-day strike in West Virginia."After I saw them on CNN, I got on Facebook and I typed in 'Oklahoma walk out,'" says Alberto Morejon, a third-year history teacher and baseball coach at Stillwater Junior High."Nothing popped up and I thought 'Why not be the guy to make the group?' When I woke up the next morning, there were 21,000 members. Three weeks later there are 72,000. You don't get 70,000 new members in three weeks if there's not a problem."The Sooner State has long led the nation in the deepest cuts to education. On a list of the 50 states and Washington, DC, Oklahoma ranks 49th. In most districts, a teacher with a doctorate degree and 30 years' experience will never make more than ,000 a year."Three days after payday, I'm back to square one," Donna Rice tells me after dismissing her third graders from McKinley Elementary in Tulsa.She has a master's degree and 20 years' experience, but drives for Uber and helps cater weddings just to survive."A student once saw me waiting tables at a wedding," she says, recalling the humiliation. "I had to go to the ladies' room to compose myself. But he just said, 'Miss Ross, you really work! And you work a lot of places, don't you? You must be rich!' And I said, 'I sure am,'" she laughs.At Union Junior High, Michael Turner, a former Marine and special education teacher, shows me the pay stub that brings him less than ,200 a month.He's one of the 2,000 emergency teachers hired without complete credentials to fill classrooms abandoned by educators who found more generous paydays in other states or other careers. Without certification, they make even less than colleagues, and Turner relies on a church food pantry to eat."I've helped at food banks, have helped deliver food," he says, standing in the gym with a folder full of overdue bills. "I honestly never thought I would be on the receiving end."I met math teachers who mow lawns in Inola and heard tales of professors who sell blood in Broken Arrow, but teachers aren't the only frustrated public servants in Oklahoma.State troopers have been told to ration gasoline, social programs are strapped and prisons are overcrowded to dangerous levels.To fix these problems and give teachers the ,000 raise they want, the state will have to tax the businesses of oilmen like Hamm even more.To give ,000 raises to librarians and security guards, buy new books, equipment and the other basic necessities of education, Oklahoma will have to raise the Gross Production Tax even higher.The GPT in South Dakota and Louisiana is more than 13%. Texas charges drillers and frackers 8%. But Harold Hamm and the Oklahoma Oil and Gas Association fought tooth and claw to keep it below the new rate of 5%."We have zero confidence today's state leaders will act any more responsibly than those of the past who enacted massive tax increases with promises to fix education and other vital services," OKOGA President Chad Warmington said in a statement. The group declined an interview request from CNN."It's almost like the oil and gas people have more say than the people that actually voted (lawmakers) in," Alberto Morejon says as we stroll his campus in Stillwater. He thinks the teachers will stay out indefinitely and that principals, superintendents and parents will support them."Because it shouldn't be a struggle to fund education. Every time they cut the Gross Production Tax, it's almost like they're saying oil is more important than our kids." 5415

Thanksgiving week got off to a violent start Monday with four fatal shootings across the US in a matter of hours.Attacks in a Chicago hospital, on a Denver street, at a suburban St. Louis business and in a Philadelphia basement left 10 people dead -- including one of the gunmen -- and at least four people wounded. 323

Starting next week, KFC will offer their Beyond Fried Chicken product in select restaurants on the West Coast. The plant-based protein product debuted last year in Atlanta, and earlier this year in Nashville and Charlotte.According to a statement from KFC, testing in those markets “received an overwhelmingly positive consumer response,” and they are rolling it out in more cities.More than 50 restaurants in the Los Angeles, Orange County and San Diego area will offer Beyond Fried Chicken starting July 20.Beyond Fried Chicken was developed in partnership with Beyond Meat, a company specializing in creating plant-based protein products.Beyond Meat has partnered with dozens of restaurants and facilities to create plant-based protein menu options, including Carl’s Jr., Dog Haus, Black Bear Diner, Pizza Rev and LEGOLand. 834