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The Dow Jones Industrial Average dropped as many as 900 points in early trading Monday morning as fears the spread of COVID-19, better known as coronavirus, paralyzed the market.As of 2:30 ET Monday, the Dow was still down about 900 points.Gold prices also surged following reports of increases in COVID-19 in China and around the world.Markets in South Korea and Italy led the decline on Monday, falling nearly as much as 4.6%. Markets are down across Europe and Asia, while futures for U.S. benchmarks have also dropped sharply. Tokyo's markets are closed for a public holiday. South Korea, Iran, and Italy reported a large jump in new cases, potentially disrupting the world economy more deeply than expected. China's leaders promised more help for companies and the economy. Economists note it will be hard to avoid a big hit to the global economy at least in the current quarter. 896

The CEO of Juul is out, as a growing number of vaping-related deaths and threats of federal regulation present a monumental challenge for the e-cigarette company.Juul announced Wednesday that CEO Kevin Burns will be replaced by K.C. Crosthwaite, who had been chief growth officer at tobacco company Altria, a major investor in Juul. In that position, Crosthwaite oversaw an expansion into alternatives to traditional cigarettes. He also played a key role with commercial and regulatory efforts related to the US launch of iQOS, a device that heats tobacco rather than burning it. 591

The Florida man accused of sending mail bombs to CNN offices and prominent Democrats pleaded guilty on Thursday in Manhattan federal court to 65 felony counts, including using weapons of mass destruction in an attempted domestic terrorist attack.Cesar Sayoc, 57, admitted in court to having mailed 16 explosive devices to a variety of officials -- primarily Democrats, including former Presidents Barack Obama and Bill Clinton and Sens. Cory Booker and Kamala Harris; and major Democratic donors, including George Soros and Tom Steyer -- and to CNN's offices in October 2018.None of the devices detonated and no one was injured. After 647

The New York state Supreme Court in Manhattan has disbarred Michael Cohen, President Donald Trump's former personal attorney and fixer, after Cohen pleaded guilty last year to multiple felony charges, according to a decision released Tuesday.A five-judge panel found that Cohen, who began a three-day stretch of congressional testimony on Tuesday, should be disbarred for his federal conviction for having previously made false statements to Congress, the decision said.Though Cohen's disbarment was widely expected in legal circles, for a onetime trusted legal adviser to the President to be stricken from the roll of attorneys in New York state nevertheless constituted another striking step in the escalating consequences of the investigation into Cohen.Cohen, who pleaded guilty in two cases to an array of charges that included campaign-finance violations connected to his work for Trump, is scheduled to report to prison for a three-year sentence beginning on May 6.The decision was posted online early Tuesday evening. It was released two days earlier than initially intended, according to the New York Law Journal. On Tuesday afternoon, paper copies of the decision, containing the same text but dated February 28, were distributed to reporters in the courthouse press room. Court officials declined to confirm that those copies were legitimate and told CNN the decision was not ready to be released, only to then post it online with Tuesday's date.Lanny Davis, an adviser to Cohen, didn't immediately respond to a request for comment on Cohen's disbarment.Though an attorney for Trump, Rudy Giuliani, on several occasions has raised concerns that Cohen could have violated attorney-client privilege, the decision from the court didn't address that subject.In New York, conviction of a federal felony triggers disbarment if the offense would constitute a felony under state law.The court has repeatedly found that a conviction for making false statements to Congress "is analogous to a conviction under the New York felony of offering a false instrument for filing in the first degree and, therefore, automatic disbarment is appropriate herein," the decision said. 2184

The entire US auto industry would shutdown within a week if President Donald Trump goes through with his pledge to close the US-Mexican border, according to a leading expert on the industry.That's because every automaker operating an auto plant in the United States depends on parts imported from Mexico, said Kristin Dziczek, the vice president of industry, labor and economics at the Center for Automotive Research.About 37% of all auto parts imported to the United States originate in Mexico. Virtually all car models in America have Mexican parts, she said. Because of that reliance, she said the auto industry would stop producing vehicles relatively quickly."You can't sell cars with missing pieces," she said. "You've got to have them all. I see the whole industry shutdown within a week of a border closing."President Trump is threatening to 862