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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

TAMPA, Fla. — Kids may be spending more time online this summer than in years past due to the coronavirus pandemic — and authorities warn online predators could use that extra, unsupervised time to their advantage."They had some incidences where people had broken into their Zoom calls, and what was great about that was because we had created a space where dialogue can happen, they told me about it," Damaris Allen, the Immediate Past President of the Hillsborough County PTA said. "That was really important because we had the groundwork laid."With school out and summer in full swing, many kids are spending their time online during the health crisis. Some officials worry now may be the most dangerous time for online predators."With camps being limited, parents being stretched thin, and kids spending more time online, it creates, unfortunately, a perfect storm for online predators," Hillsborough State Attorney Andrew Warren said.Warren released a video on social media Monday with three tips for parents can take to help their kids have a "Secure Summer."First, the State Attorney says talk to your child and explain how they may be approached."Secondly, make sure that parents are actually watching what their kids are doing online," said Warren "Have the passwords, check to see what kids are doing and what information they're receiving."Warren also suggests using parental controls on devices and apps to choose what your child can access. His office says it has already seen online predators try to exploit children during the pandemic."Law enforcement is really paying attention to what's going on online now. We're working overtime to catch online predators," Warren said. "We're going to aggressively prosecute them. We won't stand for anyone trying to take advantage of our kids, especially during such a difficult time for all of us."Parents suggest starting that conversation now, so kids know they have a safe space to start a dialogue."This is a scary topic, don't avoid it because it's a scary topic," said Allen. "An educated child is a child less likely to be put in danger."This story was originally published by Mary O'Connell on WFTS in Tampa, Florida. 2189

Stephanie Clifford, the porn star known as Stormy Daniels, discussed her alleged affair with Donald Trump during a May 2007 radio appearance, a well-known Florida radio personality told his listeners Friday.Bubba the Love Sponge Clem, known as Todd Clem before he legally changed his name in 1999, played portions of the interview on his radio show Friday and Monday, in which Daniels was asked to write down the names of famous men she had slept with. Clem says the first name on that list was Donald Trump. Although neither Daniels nor the host says Trump's name in the 2007 audio, she can be heard describing key details that match the description of her alleged affair with Trump.Clem said on his radio program that Daniels was talking about Trump, and later verified the same information to CNN. CNN independently corroborated the story with another person who was in Clem's studio that day, who would speak only on the condition of anonymity. That person also said Donald Trump's name was the first on Daniels' list.This would be the earliest known instance of Daniels publicly discussing the alleged affair.CNN obtained a full recording of Daniels' May 16, 2007, appearance, which matches the clips Clem played on air Friday.Michael Avenatti, a lawyer for Daniels, declined to comment and said Daniels would not be commenting.A spokesperson for the White House referred all questions to the President's outside lawyers. Trump's personal lawyer, Michael Cohen, did not return a request for comment. Cohen has said previously that Trump "vehemently denies" any affair.Cohen has admitted that he used 0,000 of his own money to pay Daniels.A lawsuit filed last week by Daniels says the money was part of a "Hush Agreement" to keep her from speaking publicly about an alleged affair with Trump. The lawsuit argues that the agreement is void because Trump never signed it.White House press secretary Sarah Sanders told reporters last week that the matter with Trump and Daniels has been put to rest, saying, "I can share that the arbitration was won in the President's favor. I would refer you to the President's outside counsel on any details beyond that."Clem told his listeners in January that he had removed the appearance from his archives, the website Bubba Army Radio, because he didn't want any unwanted attention in advance of an upcoming federal court case with Nielsen over alleged ratings tampering by Clem.Clem declined to be interviewed for this story, citing a pending civil matter, but provided CNN with a statement: "This interview happened in May 2007. I only asked the questions. Stormy answered them. I wish her and our President nothing but the very best. I don't think it's that big of a deal. We need to stop worrying about the past and focus on the future. President Trump is our President, regardless of who he slept with 12 plus years ago. The media and haters need to get over it."In the clips Clem played of the 2007 episode Friday, Daniels can be heard describing an affair she had with a wealthy man that took place in Nevada less than a year before her radio appearance. The details match with those in the lawsuit filed by Daniels last week. In that suit, Daniels alleged she had an "intimate relationship with Mr. Trump in the Summer of 2006 in Lake Tahoe and continued her relationship with Mr. Trump well into the year 2007.""Can you write down a name and we won't say it on air, for our own personal reasons," an unidentified co-host (not Clem) says to Daniels in the 2007 appearance. "We've done this before. We won't mention it on the air. We won't say any clues."When the name is shown, the hosts can be heard saying "no way" and "wow." An assistant of Daniels, identified by the name of Cheryl, can be heard verifying the affair happened when asked if it was true."Be careful on this one. Do not say a word," Clem can be heard saying, cautioning Daniels and his co-hosts to not speak the man's name.Daniels, when asked how long the affair took place, added that it lasted "less than a year."Later in the show, Clem plays short clips of Daniels responding to questions over the alleged affair. Daniels said the tryst took place in "Nevada, but not Vegas." At the prodding of the radio hosts she says it was in Lake Tahoe, which is where Daniels first encountered Trump at a celebrity golf tournament in 2006.She said she found it "horribly embarrassing" that this person was the best in bed of the three people on her list and added that the person contacted her "twice a month."She later added that there was no money exchanged."There was no exchange of money," said Clifford. "I'm sure if he had felt the need to graciously help me I would have put it in my purse." 4718

Television and film actress Selma Blair announced that she has been diagnosed with multiple sclerosis.In an Instagram post Saturday, the "Cruel Intentions" actress revealed she was diagnosed in August, and is facing the effects of the disease everyday.I am disabled. I fall sometimes. I drop things," she posted. " My memory is foggy. And my left side is asking for directions from a broken gps. But we are doing it. And I laugh and I don't know exactly what I will do precisely but I will do my best."Multiple sclerosis is a neurological disease that occurs when there's a breakdown in communication between the brain and other parts of the body, according to the National Institutes of Health. Symptoms include blurred vision, and difficulty with coordination and balance.Multiple sclerosis affects 400,000 people in the United States and 2.1 million people worldwide, the NIH says.Blair, 46, said she's had symptoms for years, and thanked her producers at Netflix for being understanding. She said she hopes "to give some hope to others. And even to myself," and encourage people to ask for help when they need it."I have probably had this incurable disease for 15 years at least. And I am relieved to at least know," she posted. 1250

TALLAHASSEE, Fla. — A Florida judge sided with a state teacher's union Monday in ruling that the Florida Department of Education could not require all brick and mortar schools to open by the end of the month or lose funding.Leon County Circuit Judge Charles Dodson ruled in favor of the Florida Education Association (FEA), in a lawsuit meant to stop the Education Department's order that would require all schools in the state to reopen for in-person classes by Aug. 31 or face loss of funding. The union filed their lawsuit shortly after the mandate was issued on July 6, claiming the order was in violation of the constitution's safe and secure public education guarantee.The FEA said Monday's ruling is a victory for schools all around the state of Florida."It is a pushback on reckless disregard on human life," said Randi Weingarten, the president of the American Federation of Teachers. "It is a pushback on politics overtaking safety and the science and the well being of communities."Fred Piccolo, a spokesperson for the governor's office, said the state intended to appeal the ruling."We intend to appeal this ruling and are confident in our position and in the authority of the Commissioner and the Governor to do what is best for our students," Piccolo said.The legal team for the FEA says the state can appeal, which would mean an automatic stay in the ruling given Monday. To lift the stay, the state would need to deliver more arguments in front of Dodson.This story was originally published by Kristian Thomas on WTXL in Tallahassee, Florida. 1566

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