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Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887

It took Congress almost nine months, but they have finally agreed on another stimulus pkg. The deal provides a one-time stimulus check, extends the eviction mortarium another month, and adds an additional 0 supplemental to extended unemployment benefits.In total, it’s a 0 billion plan that now protects roughly 40 million Americans from potentially being evicted from their homes and prevents 12 million Americans from losing out on unemployment benefits.“It is a success and a win because that won’t happen,” said Stephanie Freed, “Beyond that, it’s not much of a win.”Stephanie Freed is among millions of Americans who are unemployed and have already expired out of unemployment benefits. Under the new deal, she will be able to now apply for unemployment again and will be eligible for the additional 0 weekly supplemental. However, even with reinstated and slightly higher benefits, it will still be a struggle to get by.“The 0 is half of what people needed to survive, and the bigger problem is that it is not retroactive,” said Freed. “There has been five months with no additional benefit, state UI is not a livable wage.”Freed has created an online organization called ExtendPUA in order to help others who are also struggling with unemployment during the pandemic. There are members of Extend PUA that have been getting as little as a week in unemployment benefits since the 0 federal supplemental dropped off in July.Grant McDonald is the co-founder of Extend PUA and knows firsthand that state unemployment benefits alone are not enough to survive. Like many, he has had to drain his savings and take on significant debt to just keep him barely afloat.“Personally, I have not kept up with the number because I have just been trying to keep up with it all,” said McDonald. “I am just trying to pay as much as I can and watch my savings slowly disappear.”In the latest stimulus package, Congress did agree on a 0 stimulus check that some say could help with debt accumulated.“I think 0 is what rich people think poor people think is a lot of money, when in reality, that additional 0 plus the 0, one-time, is not going to help anyone pay any of the accumulated debts,” McDonald added.For Freed, McDonald, and the thousands of unemployed people who have reached out to Extend PUA, the new stimulus deal is something, but nothing close to what they’ve been waiting nearly nine months for.“We understand there are some wins here but mostly it means that we have to keep fighting,” said Freed.The Biden administration has called this latest package a “down payment” to the American people, signaling an expectation for yet another more robust stimulus deal. Members of Congress, on both sides of the aisle, have also mentioned a need for another stimulus deal soon. However, similar messaging was heard after the passage of the CARES Act, and then it took nearly nine months to see a significantly smaller relief package. 2965

INDIANAPOLIS -- Friday was a busy day for Vice President Mike Pence Friday, as he made several stops in the Indianapolis area.First, the vice president and second lady visited with soldiers from the Indiana National Guard's 38th Infantry Division at Stout Field Indiana National Guard Training Center.The soldiers were training in a command and control exercise to maintain their readiness."We are here because tomorrow is Armed Forces Day. Today we are grateful for everyone who puts on the uniform, including in our all-volunteer Army. Whether you put on the uniform to protect your community at home or whether you put on the uniform to protect the nation, I assure you that the people of this country are grateful and proud of your service," said Vice President Pence. 790

INDIANAPOLIS — The first officers to respond to a reported stabbing in Indianapolis Sunday night walked into a chaotic scene: shards of broken glass strewn about the floor; a wig that had been forcibly ripped off someone’s head; and blood smeared from one end of an apartment’s hallway to another.Just inside one of the units at the St. George Apartments police found 45-year-old Vickie Jackson collapsed on the floor. She had been stabbed multiple times and was in extremely grave condition. She was pronounced dead 35 minutes later at Methodist Hospital.Surveillance video obtained by investigators shed light on the chaos.According to a probable cause affidavit filed in Marion County court Monday, a camera captured Jackson and another woman, later identified as 35-year-old Tashawanna Wilson, fighting in the hallway.In the video, police say, Wilson can be seen breaking a wine bottle against Jackson. Wilson then allegedly used the top portion of the broken bottle to stab Jackson numerous times.Police broadcast a description of Wilson, and an officer located her a short time later on the campus of the Tindley Genesis Academy at 24th Street and Capitol Avenue. Wilson was reportedly covered in blood and carrying a hatchet, which was also covered in blood.According to police, Wilson admitted to striking Jackson with a wine bottle during a fight and to going to a friend’s house to change clothing afterward.Wilson was taken into custody on a preliminary charge of murder and booked into the Marion County Jail without bond. As of Monday afternoon, prosecutors were still reviewing the case against her for a final charging decision.Court records show Wilson has previously been charged three times with battery in Marion County, most recently in February 2013. She pleaded guilty to resisting law enforcement in that case and was sentenced to time served. 1874

It’s time to bring humanity back to the conversation. Tune in to my new show #TheOprahConversation, where I’ll be joined by fascinating guests to have conversations that unite us—not divide us. Watch 7/30 on @AppleTV. pic.twitter.com/CJu7QLUIJW— Oprah Winfrey (@Oprah) July 27, 2020 290