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The Dow fell 460 points Friday as a leading indicator of a US recession and concern about a global slowdown spooked investors.The index shed 1.8%, while the S&P 500 closed down 1.9%. The Nasdaq plunged 2.5%. It was the worst performance for all three major indexes since January 3.The yield on 3-month Treasuries rose above the rate on 10-year Treasuries for the first time since 2007 — a shift that scared Wall Street. Investors have piled back into stocks after a sell-off in late 2018.The flattening yield curve, or the difference between short- and long-term rates, has worried investors for months. A narrowing spread is typically seen as sign that long-term confidence in the economy is waning, which could signal an eventual economic contraction.Friday's flip added to pressure on the Dow that was building before US markets opened.The index stumbled at the bell on poor manufacturing data from Germany, which also spelled trouble for the country's bond market. The yield on Germany's benchmark 10-year government bond fell below zero for the first time since October 2016.All of that news is fueling Wall Street's ongoing concerns about slowing global growth.White House economic adviser Larry Kudlow told CNBC last year that the spread between 3-month and 10-year Treasury yields was important to watch."It's actually not 10s to 2s; it's 10s to 3-month Treasury bills," Kudlow 1402

The observatory atop the Empire State Building has a dizzying new look with floor-to-ceiling, 360-degree windows 102 floors above New York City.The remodeled observatory opens to the public Saturday. It was unveiled to the media Thursday.More than 4 million annual visitors to the 1931 Art Deco skyscraper — about 60% from abroad — will be offered an unobstructed view of the city and far beyond through panoramic floor-to-ceiling sheets of glass. They replace old windows that were half the size.For a nocturnal view of New York, visitors have until 1:15 a.m. to take a new, high-speed, translucent elevator to the 102nd floor. Now visible from the interior on the way up are the building’s tower lights, whose colors change daily to celebrate holidays or people.On the way up to the high new perch are an additional 10,000 square feet (930 sq. meters) of fresh exhibits, including a replica of the moving hand of King Kong, the monster gorilla in the 1933 film that climbs the building, plunging to its death amid an attack by Helldiver military planes.Also on display are photos of actors in movies shot there.The cost to get to the observatory at 1,250 feet (380 meters) above Fifth Avenue has not changed. But now, visitors are promised shorter lines that have often stretched out onto Fifth Avenue, spilling into an elbow-to-elbow lobby crowd before even getting into an elevator.The entrance to the observatories has been switched to the side of the building on West 34th Street, where added security stations help move the crowd along. Tickets may be purchased at electronic kiosks installed only last year, in addition to online purchases.The building also has remodeled its famous open-air observatory on the 86th floor, which still requires a ticket. Walls were opened between the interior space and the open-air terrace so city views emerge immediately after exiting the elevators.The four-year project cost 5 million and was financed by Empire State Realty Trust Inc.Remodeling was a daunting task, said project manager Robert Krizman.Workers mounted metal baskets suspended outside the 103rd floor, wearing harnesses attached to the building. From there, they removed defunct broadcast antennas weighing 200 pounds each, jutting out from the top and bottom of the old windows.Their work station was an aluminum and wood cocoon ringing the 102nd floor for months while the old walls were demolished. 2435

The lives of the rich and famous are about to get a lot less smoky after the Beverly Hills City Council voted to ban the retail sale of most tobacco products Tuesday night in a first-of-its-kind ordinance. The law will go into effect New Year's Day in 2021.The retail sale of cigarettes, cigars, pipe tobacco, chewing tobacco and electronic cigarettes sold in gas stations, convenience stores, pharmacies and grocery stores will be banned. This is the first U.S. city to end most tobacco sales.There are some exceptions though — existing cigar lounges can still operate and hotels will be able to sell cigarettes and other items to its guests."We pride ourselves on being a healthy city and I feel so proud that we are really about to prove that we are taking steps to be among the healthiest city in the world," said Council Member Lili Bosse. Beverly Hills was the first city in California to ban smoking inside restaurants and most public places back in 1987. 979

The Minnesota National Guard confirmed that three guardsmen died after a UH-60 Blackhawk helicopter went down near St. Cloud, Minnesota, on Thursday. There were no survivors on board the helicopter.The Minnesota National Guard said that they lost contact with the crew around 2:05 p.m. CT. The National Guard was conducting a maintenance test flight on the Blackhawk."Our Minnesota National Guard family is devastated by the deaths of these soldiers," said Maj. Gen. Jon Jensen, the Adjutant General of the Minnesota National Guard. "Our priority right now is ensuring that our families are taken care of."The identities of the guardsmen are being withheld pending next of kin notification. The National Guard said an investigation is currently being conducted. 773

The NCAA is ruling out no contingencies when it comes to coronavirus and the NCAA Tournament. In an interview with Bloomberg News, Chief Operating Officer Donald Remy did not dismiss the possibility of games being played with no fans in arenas. The games presumably would still be televised. The NCAA declined further comment to The Associated Press on the possibility of no fans in the stands. Also, the NCAA announced it has established a coronavirus advisory panel of medical, public health and epidemiology experts and NCAA schools. NCAA Chief Medical Officer Dr. Brian Hainline will lead the group. 615