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The national intelligence director’s office says it can’t begin engaging with President-elect Joe Biden’s team until a federal agency starts the process of transition, which the Trump administration is delaying.The office, which oversees all U.S. intelligence agencies, said it must follow the Presidential Transition Act, which requires the General Services Administration to first ascertain the winner of the election Trump is contesting.Intelligence agencies have given general intelligence briefings -- minus information on covert operations and sources and methods -- to presidential nominees since 1952. Biden started receiving them soon after he became the Democratic presidential nominee. It’s unclear if he is still getting them.Some presidents have allowed their successors to receive the President’s Daily Brief, containing the nation’s most sensitive intelligence information. President Donald Trump would have to authorize Biden to receive that brief.A Biden transition spokesperson declined to comment on the briefings. 1041

The jittery stock market is once again heading south.The Dow dropped 327 points, or 1.3%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conferencein Saudi Arabia. The index had been down 471 points at one point.Tech stocks fell sharply, sending the Nasdaq tumbling 2.1%. Netflix declined 5%, while Facebook and Amazon lost about 3% apiece.Stock market volatility is back on Wall Street. Fears about rising bond yields and the US-China trade war sparked heavy selling last week, the worst for all three major indexes since March. Stocks rebounded sharply on Tuesday, before another wobbly session on Wednesday. The CNN Business Fear & Greed Index of market sentiment is flashing "extreme fear."The market slide gathered steam on Thursday after Mnuchin announced on Twitter that he will not participate in the Saudi summit. Mnuchin said it was a joint decision with President Donald Trump and Secretary of State Mike Pompeo. An administration official told CNN that no other government officials will attend the event in Mnuchin's place.The news adds to rising global uncertainties, including concerns about Italy's budget and a plunge in China's stock market.David Kotok, chief investment of Cumberland Advisers, said he believes Thursday's market slide was driven more by concerns about Italy and China."But Mnuchin doesn't help things," said Kotok.Mnuchin's announcement points to elevated tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi.Saudi Arabia has threatened to retaliate against potential US sanctions. The kingdom is the world's largest oil exporter, giving it great sway over global energy prices. US oil prices briefly bounced on the Mnuchin news but closed lower on the day.Saudi Arabia has also played a huge role financing the rise of Silicon Valley, serving as the tech industry's unofficial banker.But the market has also been pressured by other international developments. Even before Mnuchin's tweet, analysts pointed out that Italian bond yields spiked due to concerns about Italy's budget proposal. The European Union plans to send a formal warning letter to Rome to signal displeasure over plans to increase Italy's budget deficit, Reuters reported.Chinese markets were also under pressure. The Shanghai Composite plunged nearly 3% overnight, falling deeper into a bear market as the US-China trade war continues to linger.US investors continue to move money out of the riskiest parts of the market and into defensive areas. While tech stocks fell sharply, defensive areas such as utilities and telecom rose slightly."There is a rotation away from the tech and momentum names," Kotok said. "One has to ask: Has FANG been defanged?" 2868

The head of the US Forest Service has resigned amid reports that the agency was looking into misconduct allegations against him."Many of you have seen the news reports which included the stories from women who told of their experiences with sexual harassment in the Forest Service. I admire their courage," Tony Tooke wrote in an email to employees.The email later adds, "In some of these news reports, you may have seen references to my own behavior in the past. This naturally raised questions about my record and prompted an investigation, which I requested and fully support, and with which I have cooperated."Tooke added: "I have been forthright during the review, but I cannot combat every inaccuracy that is reported in the news media. What I can control, however, are decisions I make today and the choice of a path for the future that is best for our employees, the Forest Service and the US Department of Agriculture. I must also think about what is best for my family. Therefore, I have decided that what is needed right now is for me to step down as Forest Service Chief and make way for a new leader that can ensure future success for all employees and the agency."PBS NewsHour, which recently published an investigation detailing sexual harassment at the Forest Service, first reported the news of his resignation Wednesday.The investigation into misconduct at the agency as a whole comes as the nation is facing a reckoning over sexual assault and harassment in the workplace.Congress has previously looked into harassment within the ranks of the US Department of Agriculture, of which the Forest Service is a part.Tooke's time as Forest Service chief began only recently, under President Donald Trump's tenure. Agriculture Secretary Sonny Perdue tapped Tooke to lead the agency in August 2017, but according to a news release from the time of the announcement, Tooke had worked for the Forest Service since he was a teenager.Perdue accepted Tooke's resignation Wednesday."Forest Service Chief Tony Tooke today tendered his resignation, which I accepted," Perdue wrote in a statement. "The Forest Service is filled with dedicated employees from across this nation who devote their lives to promoting healthy and productive forests for the benefit of taxpayers and our environment. In my experience, in order to effectively lead any organization, you must have the moral authority to inspire its members to work toward the goal of continuous improvement."  2483

The Portland (Oregon) Police Department said that 49 people were arrested stemming from what the police called “riots” in Oregon's largest city over the weekend.Sunday marked the 74th day of unrest in Portland following the Memorial Day death of George Floyd who died while in Minneapolis Police custody. The period of unrest included federal agents engaging with protesters at the city’s federal courthouse, which prompted nationwide scrutiny over the use of federal officers for domestic law enforcement purposes.Among the demonstrators arrested over the weekend was Demetria Hester, a prominent Black Lives Matter activist who leads the group Mothers United for Black Lives Matter. The 46-year-old demonstrator was arrested Sunday on charges of disorderly conduct and interfering with a peace officer.Hester testified in a hate crime case earlier this year against a man involved in a sentenced train attack, saying that she had been attacked by self-described white nationalist Jeremy Christian before the deadly incident. Christian wound up be sentenced to life in prison after being found guilty of killing two people in a hate crime.Friday night marked the most arrests from the weekend, 24, and the injury of an Oregon State Police Trooper, who police said was wounded from being struck in the head by a rock.The department said that there were two separate gatherings in the city on Friday. The first, the police say, was a peaceful demonstration that officers did not interact with. But a second gathering nearby, the department said, began to turn violent.On Saturday, a second protest took place and lasted peacefully for four hours, according to police. But tensions began to rise after the group marched, and vehicles began to illegally block intersections.Some in the crowd then set fire to Portland’s police union building, prompting the department’s officers to engage with the crowd.“People within the crowd committed crimes when they erected a fence, pushed dumpsters into the street to block traffic, set a dumpster on fire, vandalized the PPA office with spray paint, and destroyed security cameras,” the Portland Police said. “At 11:35 p.m., people within the crowd broke the window to the PPA Office, unlawfully entered, and started a fire, committing the crimes of criminal mischief, burglary, and attempted arson.”On Sunday, an additional 16 arrests were conducted as two Portland officers were injured by a mortar. 2448

The large brawl at the Cambria is now code 4. 2 have been arrested and 2 transported to the hospital with non-life threatening injuries. The investigation is continuing. pic.twitter.com/KRLqlJ6xMS— Anaheim PD (@AnaheimPD) August 5, 2020 244