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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
To contact Team 10 Investigations, email: Team10@10News.comESCONDIDO (KGTV)- A former Home Depot employee says he blew the whistle on serious violations at the store in Escondido, but he was the one who paid the price.James Girsch has worked at Home Depot since 2005, starting as a sales associate. In 2011, he moved to the Escondido location on East Valley Parkway. He initially enjoyed his time working there."[I liked] the customer service interaction, solving the customer problems and issues, and of course, developing employees," Girsch said. In 2014, he became supervisor for the paint department. According to his lawsuit, he noticed what he believed to be "unlawful activities concerning hazardous waste disposal" at the store where he worked."They were literally dumping hazmat down the garbage containers that was going to the landfills," Girsch said. He said he filed a complaint with the Environmental Protection Agency in late 2014 and also had numerous conversations with investigators about Home Depot violations. "I reported what I felt was illegal," he said. After that, he claimed retaliation began. He was accused of safety violations and according to his lawsuit, "repeatedly denied promotions and targeted for discipline.""I ran a five million dollar department, which was the paint department, and I was subsequently in 2017 demoted to the tool rental," Girsch said.Home Depot was fined millions in March 2018 for hazardous materials and customer privacy violations. An investigation between the Attorney General's office and several prosecutors' offices, including San Diego, resulted in a .8 million dollar settlement. The San Diego County District Attorney's Office could not reveal which local Home Depot locations were investigated, but did say all the ones inspected in the county revealed unlawful hazardous waste disposal."You will not silence my voice," Girsch said. "[Home Depot knows] the issues. They've ignored time after time, any attempts to resolve the issues."A Home Depot spokesperson told Team 10: "We disagree with his claims, which we'll address in the proper form." Regarding Girsch's termination, she said his departure was unrelated to the lawsuit." 2208
Thousands of people are expected to pay their respects at the Supreme Court to the late Justice Ruth Bader Ginsburg, the women’s rights champion, leader of the court’s liberal bloc and feminist icon who died last week.Even with the court closed to the public because of the coronavirus pandemic and Washington already consumed with talk of Ginsburg’s replacement, the justice’s former colleagues, family, close friends and the public will have the chance Wednesday and Thursday to pass by the casket of the second woman to serve on the Supreme Court.The sad occasion is expected to bring together the remaining eight justices for the first time since the building was closed in March and they resorted to meetings by telephone.Ginsburg will lie in repose for two days at the court where she served for 27 years and, before that, argued six cases for gender equality in the 1970s.Following a private ceremony Wednesday in the court’s Great Hall, her casket will be moved outside the building to the top of the court’s front steps so that public mourners can pay their respects in line with public health guidance for the pandemic.Since her death Friday evening, people have been leaving flowers, notes, placards and all manner of Ginsburg paraphernalia outside the court in tribute to the woman who became known in her final years as the “Notorious RBG.” Court workers cleared away the items and cleaned the court plaza and sidewalk in advance of Wednesday’s ceremony.Following past practice at the tradition-laden court, Ginsburg’s casket is expected to arrive just before 9:30 a.m. EDT Wednesday, the court said. Supreme Court police will carry it up the court steps, which will be lined former Ginsburg law clerks serving as honorary pallbearers.Chief Justice John Roberts and the other justices will be in the Great Hall when the casket arrives and is placed on the Lincoln Catafalque, the platform on which President Abraham Lincoln’s coffin rested in the Capitol rotunda in 1865. A 2016 portrait of Ginsburg by artist Constance P. Beaty will be displayed nearby.It’s unclear whether President Donald Trump would visit the court before he leaves town Wednesday afternoon, though he did pay respects when Justice John Paul Stevens died last year and President Barack Obama visited the court after Justice Antonin Scalia’s death in 2016.The entrance to the courtroom, along with Ginsburg’s chair and place on the bench next to Roberts, have been draped in black, a longstanding court custom. These visual signs of mourning, which in years past have reinforced the sense of loss, will largely go unseen this year. The court begins its new term Oct. 5, but the justices will not be in the courtroom and instead will hear arguments by phone.After the private ceremony inside the court, Ginsburg’s casket will be on public view from 11 a.m. to 10 p.m. Wednesday and 9 a.m. to 10 p.m. Thursday.On Friday, Ginsburg will lie in state at the Capitol, the first woman to do so and only the second Supreme Court justice after William Howard Taft. Taft had also been president. Rosa Parks, a private citizen as opposed to a government official, is the only woman who has lain in honor at the Capitol.Ginsburg will be buried beside her husband, Martin, in a private ceremony at Arlington National Cemetery next week. Martin Ginsburg died in 2010. She is survived by a son and a daughter, four grandchildren, two step-grandchildren and a great-grandchild.Ginsburg’s death from cancer at age 87 has added another layer of tumult to an already chaotic election year. Trump and Senate Republicans are plowing ahead with plans to have a new justice on the bench, perhaps before the Nov. 3 election.Only Chief Justice Roger Taney, who died in October 1864, died closer to a presidential election. Lincoln waited until December to nominate his replacement, Salmon Chase, who was confirmed the same day.When Scalia, Ginsburg’s closest friend on the court, died unexpectedly in 2016, Republicans refused to act on President Barack Obama’s high-court nomination of Judge Merrick Garland. 4075
Thursday marks National Coming Out Day — an LGBTQ holiday that encourages young queer people to be comfortable with their sexuality and live an open lifestyle.2018 marks the 30th anniversary of the first National Coming Out Day, first celebrated in 1988. According to the Human Rights Campaign, the day was started by gay activists Robert Eichberg and Jean O'Leary. Recognized by all 50 states, the day is celebrated each year on the anniversary of the Second National March on Washington for Lesbian and Gay Rights, which took place on Oct. 11, 1987.As a psychologist, Eichberg wrote extensively on the act of "coming out" to friends, family and coworkers. in 1978, he established "The Experience," a community workshop in Los Angeles that encouraged young LGBTQ people to live an openly gay lifestyle among friends and family.According to Eichberg, when LGBTQ people lived an open lifestyle it made their friends and family more likely to be accepting of queer lifestyles. It also encourages other gay people to live openly and helps develop a support network for those who may be struggling with their sexual identities.The Human Rights Campaign has published a resource guide to coming out, which you can read below. For more information on the Human Rights Campaign and National Coming Out Day, visit the HRC's website.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1471
Things looked grim aboard the Southwest flight.About 20 minutes after their flight departed from New York, passengers say they heard what sounded like explosions. The emergency from an engine failure appeared to have shattered a window on the plane. And what was most dire was that a female passenger was being sucked into the hole left by the broken glass.In those tumultuous moments with oxygen masks dangling down the cabin and passengers screaming as they struggled to save the woman, none of the panic came through in the voice of a pilot on Southwest Airlines Flight 1380.Tammie Jo Shults' name has not been officially released by Southwest Airlines, but passengers who were on the flight have identified her as the pilot. Many of them are praising her for how she handled the emergency Tuesday.In air traffic control audio, a female pilot spoke calmly and slowly, describing the emergency that was unraveling more than 30,000 feet in the air -- all the while trying to land a damaged plane suffering engine failure."We have a part of the aircraft missing," she told air traffic control.As they spoke briefly about the emergency landing the plane would have to make in Philadelphia, she asked matter-of-factly: "Could you have the medical meet us there on the runway as well? We've got injured passengers."Air traffic control responded: "Injured passengers, OK. And is your airplane physically on fire?""No, it's not on fire," she replied. "But part of it is missing. They said there's a hole and that someone went out."The air traffic controller responded: "Um, I'm sorry. You said there was a hole and somebody went out? Southwest 1380 it doesn't matter we will work it out there."The plane went from an altitude of 31,684 feet to just about 10,000 feet in a little over five minutes time, according to data from FlightRadar24.com.The plane descended precipitously, passenger Kristopher Johnson said, but the pilot regained control and informed passengers the flight was headed to Philadelphia.Another passenger Marty Martinez said he heard, "Brace for landing. Brace for landing."It was a rough landing, he said, and things were still so chaotic that he wasn't sure if the plane was going to crash."It was just all incredibly traumatic, and finally when we ... came to a halt, of course, the entire crowd was (in) tears and people crying and we were just thankful to be alive," Martinez said.Kathy Farnan, a passenger said that the crew knew what they were doing and kept everyone calm."The pilot was a veteran of the Navy," Farnan told CNN. "She had 32 years in -- a woman. And she was very good."When it was all over, the pilot came out of the cabin and hugged everyone, telling them, "You all did a great job. You did a very good job," said passenger Amy Serafini.They not only praised her technical skills, but her professionalism after they landed.Passengers told CNN affiliate WPVI that she walked through the aisle and talked with passengers to make sure they were all right.Another passenger, Alfred Tumlinson told WPVI: "She has nerves of steel. That lady, I applaud her. I'm going to send her a Christmas card, I'm going to tell you that, with a gift certificate for getting me on the ground. She was awesome."Johnson posted a picture of the shredded engine and thanked the crew, calling them #angelsinthesky.He also tweeted a photo of the crew, calling them heroes. "We lost an engine mid-flight and they guided back to Philly."The female passenger, whom witnesses said was pulled back in from the broken airplane window, died at a Philadelphia hospital, authorities said. Seven others were treated for minor injuries.The plane had departed from New York, bound for Dallas.The-CNN-Wire 3713