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Forestry officials in Virginia are warning people to stay socially distant from a venomous caterpillar that looks a little like a toupee.In a social media post, the Virginia Department of Forestry shared a photo of a puss caterpillar taken recently in the eastern part of the state. They say there have been multiple reports of sightings of the hairy-looking caterpillars. 380

Four former officers charged in connection with the death of George Floyd appeared in a Minneapolis court Tuesday. The hearing focused on motions to allow body camera video to be shared, and motions the defendants filed to lift a gag order.Floyd was killed on May 25 after officers confronted him in Minneapolis. Social media video shows then-officer Derek Chauvin putting his knee on Floyd’s neck to hold him down for several minutes as Floyd says he can’t breathe.The gag order was lifted at Tuesday’s hearing. Earlier this month, the judge issued a gag order, saying the intent was to limit pretrial publicity in order to have a fair trial. Chauvin’s attorney had argued that many high-profile politicians and leaders had spoken out against Chauvin publicly."On the other hand, one would be hard pressed to locate any pretrial publicity referring extensively to Mr. Chauvin’s innocence until proven guilty or that his alleged actions were justifiable in the line of his duties as a Minneapolis Police Officer," attorney Eric Nelson wrote in the motion. 1063

First lady Melania Trump was released from the hospital Saturday morning, her office confirmed."The first lady returned home to the White House this morning. She is resting comfortably and remains in high spirits," said Stephanie Grisham, the first lady's communications director. "Our office has received thousands of calls and emails wishing Mrs. Trump well, and we thank everyone who has taken the time to reach out."Trump has been recuperating at Walter Reed National Military Medical Center since she underwent a kidney embolization procedure on Monday. Grisham said Monday that the first lady was expected to stay in the hospital for the duration of the week.Pressed for more information about the first lady's condition and why she stayed in the hospital five nights after what was possibly a routine kidney procedure, Grisham pushed back on reports speculating about Trump's health. 898

For too long, I’ve remained silent as the media has attacked me for my Christian beliefs, which are shared by the majority of Americans Let me clear: Gay marriage isn’t marriage Men aren’t women US-funded Tunisian LGBT soap operas aren’t America First— Merritt Corrigan (@MerrittCorrigan) August 3, 2020 311

Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.The Dow surged on the news and closed up 600 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well.Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year."Our gradual pace of raising interest rates has been an exercise in balancing risks," Powell said during a speech at the Economic Club of New York. "We know that moving too fast would risk shortening the expansion. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation."Powell noted that rates remain relatively low and that they are just below what many economists consider "neutral for the economy -- that is, neither speeding up nor slowing down growth."Investors seemed to interpret Powell's comments as a sign that the Fed, which is widely expected to raise rates again at a meeting next month, may now only hike rates once or maybe twice at most in 2019 as opposed to earlier forecasts of three or four hikes.The Dow's most cyclical stocks were among the biggest gainers. Shares of Boeing (BA), Caterpillar (CAT), Microsoft (MSFT) and Apple (AAPL) helping to lead the rally.In fact, only four Dow stocks -- Verizon (VZ), United Technologies (UTX), DowDupont (DWDP) and Procter & Gamble (PG) -- were trading lower Wednesday afternoon.Matthew Cheslock, a trader at Virtu Financial, told CNNMoney editor-at-large Richard Quest on "Markets Now" Wednesday that the market interpreted Powell's comments as meaning that we are "closer to normal rates. I think that was what really sparked the market to go higher."Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well.Powell's comments may assuage concerns about the Fed possibly going too far with rate increases, a criticism leveled by President Donald Trump.But Tobias Levkovich, Citigroup chief US equity strategist, told Quest that the market may be overreacting."I'm not dancing or partying right at the moment," he said, adding that the Fed has talked about gradual rate hikes "for a very long time." "Maybe [the markets] were just worried it would be worse," Levkovich said.To that end, Trump, who chose Powell to replace former Fed chief Janet Yellen, has often bashed him and the Fed on Twitter and in interviews for the rate hikes.In fact, Trump attacked Powell again in a Washington Post interview Tuesday, saying he was "not even a little bit happy" with Powell and that the Fed was making a mistake with so many rate hikes.Trump even added that sometimes decisions he makes with his "gut" matter more than what other people's brains tell him.Whether or not investors were using their guts or brains when deciding to jump back into stocks Wednesday remains to be seen. But it's clear that the bulls were back in charge on Wednesday."Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.The-CNN-Wire 3545

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