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That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.The Dow Jones sunk nearly 800 points on Tuesday, nearly a three percent drop.The S&P 500 declined 2.5%, while the Nasdaq tumbled 3%.Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.But investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress."People are still very concerned about the trade war," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. "Financial markets are increasingly showing signs of fear of a recession."President Donald Trump did not help Wall Street's trade war worries on Tuesday. Trump said that he would "happily" sign a fair deal with China but also left open the possibility that the talks will fail."President Xi and I want this deal to happen, and it probably will," Trump tweeted. "But if not remember... I am a Tariff Man."Those words aren't likely to bolster confidence among investors already worried about the negative consequences of the trade war. Steel and aluminum tariffs have lifted raw material costs and caused disarray in supply chains. And uncertainty about trade policy makes it very difficult for companies to make investment decisions.Investors have also grown very worried in recent days about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.The gap between the 10-year and two-year Treasury yields dropped on Tuesday to the smallest since just before the Great Recession. And the less closely watched gap between three and five-year Treasury yields inverted on Monday.The tightening yield curve reflects fears about a growth slowdown and concerns about whether the Federal Reserve is raising interest rates more quickly than the economy can handle. Fed chief Jerome Powell gave a speech last week that investors interpreted as signaling the central bank could slow its rate hikes. However, there is a debate over whether Powell really was telegraphing a sudden change.Barry Bannister, head of institutional equity strategy at Stifel, predicts the Fed will pause its rate hikes because it has already made monetary policy too tight. He pointed to the slowdown in the housing market caused by higher mortgage rates."It's playing with fire to be too tight and risk an inversion because you don't know what the outcome will be," Bannister told reporters on Tuesday. "Even if the Fed pauses, they may have already done too much."A flattening yield curve and slowing economic growth hurt the profitability of banks.The financial sector was the second-worst performer in the S&P 500 on Tuesday. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece.But Suzuki cautioned that the markets could be overreacting. He pointed to strong corporate profits and the fact that the yield curve has not yet inverted."We don't see signs of an impending recession," Suzuki said. "There is a widening gap between market fear of a deterioration in the fundamentals and the actual fundamentals themselves." 3558
Tense moments were peacefully diffused right in our headquarters parking lot. This afternoon, a woman drove her car into our parking lot. One of our employees saw she was armed with a shotgun. pic.twitter.com/iRAvVNg8f6— San Diego Police Department (@SanDiegoPD) October 21, 2020 293

Teachers are talking candidly about the challenges this school year will bring. With many school districts in Virginia opting to start the school year with distance learning, one Hampton Roads social studies teacher shares his thoughts on how to help students have a virtually successful school year.Christopher True is a middle school social studies teacher who is gearing up for a new school year and the inevitable challenge that will come with it.True says communication is key to virtual success.“If that student is struggling with something, they may not be telling the parent.”He says parents should encourage their children not to be afraid to reach out to their teacher for help.True says the communication between students and teachers is just as important as the communication between the teachers and parents.He says parents shouldn’t be afraid of contacting teachers and describes virtual learning as “a community-led effort.”Schools will undoubtedly have expectations for students, even at home, but True hopes those expectations come leniency.“If you have a student whose parents work and [that student] actually has to go to daycare, they can't be expected to be in a class zoom at 10 a.m. if they don't have access to that stuff. And that's just going to be one of those things that we have to account for.”The test run of virtual learning at the end of last school year taught everyone new lessons, including that it takes time to adjust.While he’s banking on beginning the school year virtually, True is looking forward to connecting in the classroom once again.“There's no place I'd rather be. I can't wait to sit in a classroom with my kids again when we can do it safely and I can keep my students safe.”WTKR's Kofo Lasaki first reported this story. 1779
The 2020 American Music Awards will take place on Sunday, Nov. 22, and will air on ABC at 8 p.m. ET.Ciara hosted last year's ceremonies and Taylor Swift walked away with five awards, including Artist of the Decade.Swift now has the most AMA awards by any artist ever.The “2020 American Music Awards” will be produced by Dick Clark Productions. 351
TAMPA BAY (AP) — NFL Commissioner Roger Goodell said the league plans to invite vaccinated health care workers to the Super Bowl in Tampa, Florida, as guests of the league.In a letter to Rob Higgins, president of the host committee for the Super Bowl, that was obtained by The Associated Press, Goodell wrote that he wanted to “honor and thank health care workers for their extraordinary service during a pandemic” as well as promote the importance of vaccinations and the wearing of masks in public.Goodell added in the letter: “We all know that over the past year, these frontline workers have put their own lives at risk to the benefit of society and we owe them our ongoing gratitude. We also know that they will remain essential for months to come to treat those who are ill and administer vaccines. We hope that in some small way, this initiative will inspire our country and recognize these true American heroes as we look forward to a better and healthier year.”According to USA Today, the league is still deciding how many fans will be able to attend the Super Bowl.Super Bowl LV is scheduled to be played at Raymond James Stadium in Tampa Bay on Feb. 7. 1171
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