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For the third time in two weeks, trading was halted on the floor of the New York Stock Exchange after the Dow Jones Industrial Average fell 7 percent and hit a "circuit breaker."In the moments after opening, the Dow fell more than 2,000. Trading was halted for 15 minutes and resumed just before 10 a.m. ET.Markets hit the 7 percent circuit breaker twice last week — once on Monday and once on Thursday.By the end of the day Monday, the Dow lost 2,999 points, a 12.94% drop. Monday marked the most points dropped by the Dow in a single day. By percentage, the Dow had its second-largest drop in history, worse than any day during the crash of 1929. The loss comes hours after the Federal Reserve slashes key interest rates to nearly zero in the hopes of boosting the economy amid the coronavirus outbreak.Benchmarks in Europe were down as much as 8%, while Sydney's benchmark plunged 9.7%. Japan's benchmark sank 2.5% after the Bank of Japan announced it was expanding its monetary easing. Trading in Wall Street futures was suspended after they fell by the 5% maximum allowed. Brent crude, the international oil standard, fell almost 10% while gold gained.Markets have been highly volatile since COVID-19 began spreading throughout the world. The Dow closed with its single-highest point increase on Friday, but markets have fallen a total of about 9,000 points in the past month. 1393
Hurricane Dorian has parked itself next to Grand Bahama Island, with heavy rain and damaging winds forcing those on the island to remain in shelter, Monday evening. According to the National Hurricane Center, Dorian had maximum sustained winds of 130 mph as of 11 p.m. ET, which has fallen since making landfall in the Bahamas on Sunday evening.According to the 11 p.m. Monday update from the National Hurricane Center, the eye of Category 4 Hurricane Dorian is creating life-threatening storm surge and catastrophic winds over Grand Bahama Island.The hurricane is expected to drift westward or west-northwestward over the next 24 hours, which will cause a prolonged period of devastating winds and storm surge over Grand Bahama Island, according to forecasters at the National Hurricane Center. The center says by late Tuesday, a weakness in a ridge becomes more pronounced and Dorian should turn northwestward near the east coast of Florida. By Tuesday, the hurricane is expected to make a northeastward turn ahead of a broad mid-latitude trough.The hurricane center says a small change to the left of the NHC forecast could bring the core of the extremely dangerous hurricane onshore of the Florida east coast within the hurricane warning area. In addition, Dorian's wind field is predicted to expand, which would bring hurricane-force winds closer to the east coast of Florida even if the track does change.Hurricane-force winds extend outward up to 45 miles from the center, and tropical-storm-force winds extend outward up to 150 miles.Swells will begin affect the east-facing shores of the Bahamas, the Florida east coast, and the southeastern United States coast during the next few days. These swells are likely to cause life-threatening surf and rip current conditions. 1791
Festivities at a hot air balloon festival in Missouri abruptly turned into fright as one of the balloons botched its landing and crashed into crowd of spectators.A young girl suffered minor injuries after the balloon crashed through some tree limbs and struck spectators at the Hannibal Bicentennial Celebration on Saturday evening.An "experienced balloonist" was attempting to land when the hot air balloon grazed a tree, tipping the basket, the event committee told 480
HOLLYWOOD, Calif. – A Hollywood family therapist died over the weekend after being found unresponsive on the ground below a third story balcony. The 161
Fans of the Cheesecake Factory can rejoice that many Cheesecake Factory classics will be available in ice cream form by spring. According to the Cheesecake Factory, it has partnered with Iowa-based ice cream manufacture Wells Enterprises, Inc. to create seven ice cream flavors based off of Cheesecake Factory desserts. Wells Enterprises is also the parent company of established ice cream brands such as Blue Bunny. The new line of ice cream is set to hit grocery store freezers in March 2020, and will sell for .99 for a 14-ounce package. Here is a description of the seven flavors, as provided by the Cheesecake Factory: - Birthday Cake: Premium Cake Flavored Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream, Cake Pieces, Swirls of Icing and Candy Sprinkles- Chocolate: Premium Chocolate Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream and Rich Chocolate Fudge Swirls- Cookies & Cream: Premium Cookies & Cream Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream and Chocolate Cookie Swirls- Key Lime: Premium Key Lime Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream and Graham Swirls- Original: Premium Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream and Graham Swirls- Salted Caramel: Premium Caramel Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream, Sea Salt Caramel and Graham Swirls- Strawberry: Premium Strawberry Cheesecake Ice Cream with a Signature Cream Cheese Blend, Sour Cream, Strawberry and Graham SwirlsThe Cheesecake Factory has 200 locations globally. 1614