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Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.The Dow plunged as much as 785 points on Thursday. The index was recently down about 400 points, or 1.3%. The S&P 500 lost 1.1%, while the Nasdaq fell 0.3%.The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce.The latest sign of tension between Washington and Beijing also sent shudders through global markets. Hong Kong's Hang Seng plunged 2.5% overnight, while European stock markets declined sharply as well. Germany's DAX nearly closed in a bear market, down nearly 20% from its January closing high.Companies like Apple (AAPL) and Boeing (BA) that have significant exposure to China fell sharply. Other trade-related stocks like Broadcom (AVGO) and Harley-Davidson (HOG) were also under pressure. Alibaba (BABA), the Chinese e-commerce giant, tumbled 3%. The Dow and S&P 500 have once again turned negative on the year. The S&P 500, down 9% in the fourth quarter, is on track for its worst quarter in seven years.The arrest of Meng -- the daughter of the founder of one of China's most important companies -- serves as a fresh reminder that the United States and China remain in a trade war, despite the ceasefire reached last weekend in Argentina. Tariffs already imposed remain in place and new ones loom if talks fail to result in a breakthrough or at least an extension within 90 days."This comes at a truly delicate time," Win Thin, global head of currency strategy at Brown Brothers Harriman, wrote to clients on Thursday. "We think this will force China to take a more aggressive and confrontational approach with the US."  1720

Michael Cohen, the former personal attorney for President Donald Trump who is now a key witness in special counsel Robert Mueller's Russia investigation, was under the impression Trump would offer him a pardon in exchange for staying on message in support of the President in discussions with federal prosecutors, according to two sources.After a?March 2018 visit to Mar-a-Lago, the President's private club in Florida, Cohen returned to New York believing that his former boss would protect him if he faced any charges for sticking to his story about the 2016 payments to adult film actress Stormy Daniels, according to one source with knowledge. Trump was also at Mar-a-Lago at the time of Cohen's visit.Another source said that after the April 2018 FBI raid on Cohen's office and home, people close to the President assured Cohen that Trump would take care of him. And Cohen believed that meant that the President would offer him a pardon if he stayed on message. It is unclear who specifically reached out to Cohen."The President of the United States never indicated anything to Michael, or anyone else, about getting a pardon," said Rudy Giuliani, the President's attorney. "Pardons are off the table, but it's not a limitation on his power in the future to pardon in any case."Cohen's lawyers could not be reached for comment.Following the raid on Cohen's home and office, Cohen's attorneys had a legal defense agreement with Trump and his attorneys. During this time, there was a steady flow of communication between the two sides, according to two sources familiar with the matter.At first, publicly, Trump seemed very supportive of his former attorney. On the day of the raid, Trump said Cohen was "a good man" and that the investigation reached "a whole new level of unfairness." He unloaded on law enforcement, calling the raids "a disgraceful situation."But in the days that followed the raid, one source says, things started heading south with the President.Trump started to distance himself from Cohen. And when Trump appeared on "Fox and Friends" two weeks after the raids and said that Cohen only did a "tiny, tiny little fraction" of his legal work, Cohen knew the game had changed. According to one source, Cohen knew that things had changed and he acted to protect his family -- and himself.It couldn't be learned whether Cohen shared this information with Mueller, though Cohen has spent more than 70 hours providing testimony over the last several months.These developments represent an extraordinary reversal of fortunes for Trump and Cohen, who once boasted he would "take a bullet" to protect his longtime boss. But since then, Cohen implicated Trump under oath in the illegal hush-money scheme with Daniels. If Cohen did share this information with Mueller's team, then it could be used as part of the obstruction of justice probe in determining whether the President was trying to illegally influence a witness in the investigation.Cohen pleaded guilty on Thursday to lying to Congress about the Russia investigation. Earlier this year, he pleaded guilty to eight criminal counts relating to the Daniels hush-money scheme and tax fraud from his personal business dealings. 3231

Marc Short, the chief of staff for Vice President Mike Pence, has contracted COVID-19, according to The New York Times and Bloomberg.Pence's staff says the Vice President tested negative for the virus on Saturday.According to the Times, Pence's office released a statement Saturday night saying that even though Pence had close contact with Short in recent days, he "will maintain his schedule in accordance with the CDC guidelines for essential personnel.”The announcement came shortly after Bloomberg reported Saturday night that another one of Pence's top aides, Marty Obst, had also tested positive for the virus."Today, Marc Short, Chief of Staff to the Vice President, tested positive for COVID-19, began quarantine and assisting in the contact tracing process," a statement from Pence press secretary Devin O'Malley read, according to Axios. "Vice President Pence and Mrs. Pence both tested negative for COVID-19 today, and remain in good health. While Vice President Pence is considered a close contact with Mr. Short, in consultation with the White House Medical Unit, the Vice President will maintain his schedule in accordance with the CDC guidelines for essential personnel."Short and Obst are just the latest high-ranking White House officials to contract COVID-19. Earlier this month, President Donald Trump, first lady Melania Trump and their son, Barron, all announced that they had contracted COVID-19. Other top aides like press secretary Kayleigh McEnany, adviser Stephen Miller and former adviser Kellyanne Conway also tested positive for the virus. Most were in attendance at a White House event for the nomination of Judge Amy Coney Barrett, where many guests were pictured indoors without masks.The outbreak in Pence's office comes as COVID-19 cases spike across the country. On Friday, the U.S. recorded a single-day record of new cases of the virus with nearly 84,000. 1901

Men may have a harder time maintaining friendships during the pandemic.Experts say it’s because social distancing guidelines have forced men out of their normal ways of communicating.“Men tend to construct their friendships on a shoulder-to-shoulder basis and women tend to use a face-to-face basis, so guys will get together and do things, like sports, going to the sports bar, activities,” said University of Maryland Professor Geoffrey Greif, author of the book “Buddy System: Understanding Male Friendships.”Greif says it's rare for men to reach out to each other just to talk. Men tend to be more cautious about how much they share.They'll also only ask to do something together so many times before the invitation is returned.“We're just not socialized to feel comfortable. We don't want to seem like we are stalking another guy for a friendship. Men don't want to appear too emotionally needy,” said Greif.There are some activities that we can still do while social distancing.Greif says you can also try getting together over Zoom to watch sports or play a game.Recognize it's not going to be as good as in person, but keep in mind that eventually the pandemic will end. 1186

Many people could probably use a haircut right now, after six months of a global pandemic, but probably not like Ewenice the sheep in Australia. She was recently found wandering with about 4-years of growth needing to be sheared off.The abandoned sheep was found in a heavily wooded area in southeast Australia, roaming on a property with no nearby flock or owner. A person spotted the sheep, burdened with the extra large fleece, and reported it to the Royal Society for the Prevention of Cruelty to Animals, or RSPCA.The RSPCA estimates the sheep, who they named Ewenice, had not been trimmed in about four years.Ewenice was checked over, given a haircut, and sent to a new home. About 44 pounds of wool was sheared off.“Carrying such a large fleece for an extended period of time would have had dire impact on this ewe’s welfare and quality of life. It was fantastic to see her transformation after shearing and to send her on to her new home,” said Head of Inspectorate Terry Ness.Fleece must be shorn regularly because sheep are unable to shed. 1057