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There will not be a 2020 Minor League Baseball season.After having the start of the season delayed due to the spread of COVID-19, Minor League Baseball officials announced on Tuesday a decision to cancel the season.In 2019, Minor League Baseball attracted 41.5 million fans to ballparks across North America. The teams are supplemented by professional players signed by MLB squads, and are paid a much smaller salary than their big league counterparts. While MLB has decided to push forward with a shortened season starting July 23, Minor League Baseball’s revenue model would have made it impractical for a 2020 season given most of its revenue comes from gate attendance, concessions and merchandise, compared to MLB which sees a sizable revenue stream from TV.Even though the majority of Minor League Baseball players will not play in 2020, MLB teams have formed “taxi squads” of their top minor league players. The taxi squads will provide big league rosters with players ready to be called up in case of an injury at the MLB level."These are unprecedented times for our country and our organization as this is the first time in our history that we've had a summer without Minor League Baseball played," said Minor League Baseball President & CEO Pat O'Conner. "While this is a sad day for many, this announcement removes the uncertainty surrounding the 2020 season and allows our teams to begin planning for an exciting 2021 season of affordable family entertainment." 1485
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
There is a lot of concern along the Gulf Coast right now. Two tropical systems are headed for the area at the same time, potentially impacting land on the same day.It's very rare according to the National Weather Service (NWS), something we haven't seen in decades.What's most concerning, is the amount of people in the path of the storms.“The number of people that could be impacted by these two systems is huge, you know, from the northern part of Texas, throughout the entire coast of west side of Florida and the panhandle as well,” said Joel Cline, a meteorologist and NWS Tropical Program Coordinator.Large amounts of rain, storm surge and wind are threatening the Gulf Coast early next week.So, could these systems merge? It's something called the Fujiwhara effect. It's named after a Japanese meteorologist who first described the effect. It's something that happens in the pacific with typhoons.“That’s where two come in close contact and then they move around each other counterclockwise,” said Cline. “That's not going to happen in this one.”There is another potential impact of these systems being close to each other.“So, when you have two of these in one area, then the descending air may get into the other one and help weaken it or make the other one stronger,” said Cline.There's still a lot of time for things to change. Regardless, meteorologists say people in the paths of these storms need to be hurricane ready.“Labor Day is essentially the halfway point and so we've got a lot more hurricane season left and what we’ve already been through,” said Cline. 1584
Tom Seaver was a legend in New York and drew many tributes befitting the face of the 1969 "Miracle Mets" when it was announced that he'd passed away Wednesday night.The New York Mets, for whom Seaver pitched for 11 seasons and was a broadcaster for seven, led the tributes. Seaver's jersey will hang in the Mets dugout for their game today against crosstown rivals the New York Yankees. 4??1?? will hang in our dugout today. #RIP41 pic.twitter.com/4Pf4g6Nzgn— New York Mets (@Mets) September 3, 2020 The Mets also tweeted out statements from several of Seaver's teammates and Mets greats of the past and present Thursday night. His 1969 teammates paint the picture of the fierce competitor he was. #RIP41 pic.twitter.com/2Ad6vTxWQq— New York Mets (@Mets) September 3, 2020 Mets broadcaster Keith Hernandez, a former teammate, was saddened as well. I am deeply saddened of the passing of Tom Seaver. I had the honor of unsuccessfully hitting against him & having as a teammate. He is the greatest Met of all time. No one will ever surpass him that wears the orange & blue. My condolences to Nancy & his family. Tears.— keith Hernandez (@keithhernandez) September 3, 2020 Former home run king Hank Aaron spoke of times visiting Seaver at his California vineyard. I remember meeting Tom Seaver @ his first All-Star Game, and I knew he was a special person.He was a terrific pitcher and a wonderful friend. I was lucky to have dinner in his home in New York and in California which I remember fondly. My thoughts and prayers are with his family.— Hank Aaron (@HenryLouisAaron) September 3, 2020 But it wasn't just the Mets and figures from baseball but many New Yorkers who remembered Seaver's greatness and what he meant to the city over the past 50 years. New York City mayor Bill de Blasio and New York Gov. Andrew Cuomo both remembered the man they called "The Franchise." They called Tom Seaver the Franchise for a reason. What an Amazin’ career and life. We’ve lost a true champion.On behalf of 8.6 million New Yorkers I offer our deepest condolences to his family and loved ones. #RIP41 https://t.co/vDdLs2DV3Z— Mayor Bill de Blasio (@NYCMayor) September 3, 2020 Tonight baseball fans and all New Yorkers mourn in unison.Tom Seaver was not only a baseball player — he was a Miracle Met who brought skill and honor to the game.The family of New York extends our deepest sympathy to his family and fans.— Andrew Cuomo (@NYGovCuomo) September 3, 2020 Hollywood stars with connections to the New York area also remembered Seaver. Actor and comedian Adam Sandler tweeted out that he was a favorite of his entire family. Tom Seaver. My dad loved him.My brother loved him. I loved him.A hero to so many. Thoughts to his entire family. pic.twitter.com/57FDkq8zja— Adam Sandler (@AdamSandler) September 3, 2020 Talk show host, comedian and Mets fan Jimmy Kimmel called Seaver his "first favorite Met." Tom Seaver was my first favorite player and the greatest of @mets - we will never forget you 41— Jimmy Kimmel (@jimmykimmel) September 3, 2020 National figures remembered Seaver as well. Former President Bill Clinton tweeted his condolences. I’m saddened by the passing of Tom Seaver, a great competitor who did so much for baseball, New York, and America.— Bill Clinton (@BillClinton) September 3, 2020 Senate Minority Leader and New Yorker Chuck Schumer called Seaver a "New York legend." Tom Seaver was one of the greatest pitchers of my lifetime. Hall of Famer. The greatest Met, and a beloved Yankees broadcaster too. A New York sports legend. Farewell “Tom Terrific.” May God bless you.https://t.co/hPTW9p39Ae— Chuck Schumer (@SenSchumer) September 3, 2020 Former CBS News anchor Dan Rather recalled watching Seaver pitch, saying he would "never forget it." Tom Seaver owned the pitching mound with grace and power, part artist, part dynamo. Those of us who saw him pitch will never forget it. He made a miracle happen, and an era passes with him May he Rest In Peace.— Dan Rather (@DanRather) September 3, 2020 To the everyday New Yorker, Seaver represented nostalgia for an incredible year in American history and New York sports history. SNY captured footage of a fan leaving flowers at Citi Field which is located at, naturally, 41 Seaver Way. This fan pays his respects to Tom Seaver at 41 Seaver Way. ???? pic.twitter.com/xIF8gVIUvA— SNY (@SNYtv) September 3, 2020 Seaver passed Thursday night at the age of 75. This story was first reported by Stephen M. Lepore at WPIX in New York City, New York. 4706
This holiday season won't be the same without "A Charlie Brown Christmas" on network TV.But after viewer outrage, it is coming back to TV — for just one night.Viewers looking for "A Charlie Brown Christmas" won't find it on ABC or CBS this year for the first time in 50 years.Apple this fall snapped up all the Peanuts specials (including "It's the Great Pumpkin, Charlie Brown"), and they will be streaming on Apple TV Plus from now on.You can just see Apple jumping up and down in a little wooden booth like Lucy Van Pelt, saying "I just love the sound of money!"Where you can still see it freeBut if you don't want to pay a month to subscribe to Apple TV Plus, you still have several free options to watch the holiday favorite.Apple announced "A Charlie Brown Christmas" will be available to stream on the platform for free from Dec. 11 to Dec. 13.Just go visit the Apple TV Plus website(tv.apple.com) on a TV, smartphone or laptop and search for the special.You should not be required to enter a credit card to watch the special between Dec. 11 and 13, according to Apple Insider. A credit card is required for a 7-day free trial of the entire streaming service on all other days.What about those who don't stream?But from the doesn't that stink file — Apple's free offer doesn't help those who still use cable or antenna TV.After thousands of viewer complaints, Apple recently announced it is allowing PBS stations nationwide to air the show on Dec. 13. It will air at 7:30 pm on most stations, but check your local PBS listings.DVDs of "A Charlie Brown Christmas" are also available at Walmart, Target, and Amazon for between - for those who want to watch the show on demand without a streaming service. The only thing missing: The old Dolly Madison snack cake commercials featuring Lucy and Linus and the gang that used to air during the broadcast.Streaming TV is the future, but some traditions are best enjoyed the old fashioned way, with the whole family gathered in front of the big TV screen. As always, don't waste your money.______________________________Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Instagram @johnmataresemoneyFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.com 2369