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A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.Daniel Pinto, JPMorgan's co-president, said during an interview on Bloomberg Television Thursday that he believes market gains should continue for the next year or two. But he added that investors are nervous, and that the recent announcement about tariffs and trade wars contribute to their unease."Markets are going to be nervous, nervous about anything. Nervous about anything that relates to inflation, nervous about anything that relates to growth," he said. "These tariffs, if they go a lot beyond what has been announced, it is something that will concern the markets about future growth."He said it's normal for there to be a correction at the end of an investing cycle, and that markets could be heading for a "deep correction" of between 20% and 40%, depending upon the market values at the time the downturn starts."We know there will be correction at some point," he said.Related: Wall Street is on edge about tariffsThe markets briefly fell into correction territory last month as the the Dow Jones industrial average plummeted more than 3,200 points, or 12%, in just two weeks. The market then rallied from those lows, and the S&P 500 and Dow both ended February up for the year.But so far this month, concerns about a possible trade war and the departure of former Goldman Sachs executive Gary Cohn as President Donald Trump's chief economic adviser roiled markets once again.Related: Trump's tariff bombshell - Catch up herePinto oversees corporate and investment banking at JPMorgan Chase, the nation's largest bank. In January he was promoted to co-president and co-chief operating officer, setting him up as one of the two leading contenders to be the next CEO when Jamie Dimon retires. Dimon has said he intends to stay in place until at least 2023, though.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1987
A photo of a Las Vegas bus driver giving an elderly passenger a sip of water is grabbing attention on Reddit.The photo was posted by Brent Leabu in a subreddit titled "HumansBeingBros." He said that it happened on Monday on Bus 201 near Jones Boulevard and Tropicana Avenue.Leabu says that the bus driver took the water from his own lunch cooler. Although Las Vegas is no longer under an excessive heat warning, it is still very hot in the valley. Monday's high temperature was recorded as 104 degrees with some areas of the valley being hotter and some areas being a couple of degrees cooler.Earlier this month, the Regional Transportation Commission (RTC) was handing out free bottled water at various Las Vegas bus stops. And they have done the same in previous years when it has been unusually hot. 821
A tent being used as a polling location for voters who preferred to not wear a mask in New Hampshire reportedly blew over Tuesday afternoon, injuring a poll worker.The tent for “non-masked voting” was set up outside Bedford High School in Bedford, New Hampshire. Those who wanted to cast their ballot without wearing a mask could do so there, as masks were required inside the school to vote.The weather in New Hampshire Tuesday was cold and windy. A gust blew the tent into the air and it fell over.“If anyone has seen 'The Wizard of Oz' and Dorothy and Toto and everything else, or 'Twister,' yes, unfortunately, we did have an incident,” Bill Klein, town moderator in Bedford, told the New Hampshire Union Leader.The 72-year-old poll worker had a cut on his face and was taken to the hospital to be checked out, according to the Washington Post. Klein said it was a minor injury. The non-masked voting location was moved to a room inside the school that was “safely separated” from masked voters. 1007
A news anchor has accused actor Kevin Spacey of groping her son, bringing the number of those accusing him of sexual misconduct to 14.Former TV news anchor Heather Unruh came forward on Wednesday with the new allegations and said the assault took place in July 2016. Unruh spoke during a press conference about the incident. She said Spacey sexually assaulted her son in 2016 when he was 18 years old. 424
A University of Michigan student says he got stuck with nightmare roommates. He says they urinated in his dog’s water bowl, destroyed his property, and then he felt they tormented him after he came out as gay.Thursday he asked a judge to force one to stay away from him.Matthew Mansour says he leased a student apartment through the company Landmark. They rent apartments like dorms - so he got three roommates he didn’t know. 434