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Florida Republican Sen. Marco Rubio said Wednesday he would support legislation to prevent an 18-year-old from buying a rifle."I absolutely believe that in this country if you are 18 years of age, you should not be able to buy a rifle, and I will support a law that takes that right away," Rubio said at CNN's town hall in Florida.At the town hall, Rubio faced Fred Guttenberg, whose daughter Jamie was murdered during the Marjory Stoneman Douglas High School shooting last week, and stood by his opposition to the assault weapons ban.Guttenberg asked Rubio to look him in the eye, to acknowledge the role guns played in his daughter's death and then promise that he would do something. 700
For years, the Federal Housing Administration was the king of the low-down-payment mortgage mountain. Now, Fannie Mae and Freddie Mac, the government-sponsored enterprises that provide capital to the mortgage market, are designing loan products for hopeful home buyers with skinny savings accounts.With Fannie Mae’s HomeReady and Freddie Mac’s Home Possible, a 3% down payment — or what lenders refer to as 97% loan-to-value — is available on so-called conventional loans. Conventional loans are the loan products most often issued by lenders. 561
Force is with you, it is.A thoughtful 5-year-old boy included a Baby Yoda doll along with groceries and other items for firefighters battling wildfires in his home state of Oregon. Now, Baby Yoda is sharing the force with firefighters around the western U.S. and bringing smiles to thousands of fans.Carver told his grandmother he wanted to do something to help those on the front lines of the deadly wildfires. She heard of a donation drive helping firefighters and took Carver shopping to buy items to donate, according to CNN.Carver focused in on a Baby Yoda doll, so he sent it off in the care package with a note telling the firefighters, “here is a friend for you, in case you get lonely,” according to posts in a Facebook group dedicated to the doll’s adventures. 778
Friday brought another round of dramatic price cuts in the oil patch.US oil prices plummeted 7% and sank deeper into a bear market that has alarmed investors and made drivers around the world happy.The latest wave of selling knocked crude below a barrel for the first time since October 2017.Anxiety about oversupply and diminished demand have sent crude down by a third since it soared to a four-year high above a barrel in early October. Observers have gone from fearing 0 oil to expressing concern over why its price collapsed so quickly."The unrelenting six-week selloff has been unnerving to say the least," Michael Haigh, head of commodities research at Societe Generale, wrote to clients on Wednesday.Oil bulls are hoping OPEC and Russia come to the rescue by announcing steep production cuts at a meeting next month in Vienna. However, President Donald Trump is pressuring Saudi Arabia and OPEC not to reduce output despite the crash in prices. Traders are worried Trump's recent praise for Saudi Arabia signals the Saudis won't back a significant production cut.For the week, US oil prices are down nearly 10%.Lukman Otunuga, research analyst at FXTM, described the weekly selloff as "brutally bearish."Brent crude, the global benchmark, shed 5.5% on Friday and declined to a new 2018 low of a barrel.The meltdown was triggered by a series of developments that darkened the energy outlook. Prices soared over the summer as Trump vowed to zero out Iran's oil exports. That led Saudi Arabia, Russia and especially the United States to ramp up production. However, the Trump administration later took a softer approach on Iran sanctions to keep oil from spiking. Officials granted temporary waivers to China, India and other buyers of Iran's crude. That headfake left the oil market staring at a potential glut.At the same time, global growth fears emerged in financial markets. Economists are marking down their GDP forecasts for 2019. Germany and Japan, the world's No. 3 and 4 economies, are already in contraction. China is slowing, too. None of that is bullish for oil, which powers the world economy."Rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," Otunuga wrote to clients on Friday.The rapid collapse in oil prices caught many off guard, including hedge funds that made outsized bullish bets on crude earlier this year. Large commodity funds have accumulated losses in excess of .7 billion so far this quarter, Societe Generale estimates."Sentiment on commodity markets has been despondent," Haigh wrote.The energy slump came at just the right time for consumers though. Millions of Thanksgiving travelers were greeted by cheaper prices at the pump. The average gallon of gallon fetched .58 on Friday, down sharply from .84 a month ago, according to AAA. 2880
FREDERICK, Colo. – Now that Chris Watts has been formally charged with killing his pregnant wife, Shanann Watts, and their two daughters, Bella and Celeste, he will spend at least the next three months in jail while he awaits a Nov. 19 status conference.Police and prosecutors have confirmed many of the details of the case that have been previoously reported.Here’s a look back at everything we know about the case so far: 431