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Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.Investors are increasingly worried that President Trump's crackdown on China will trigger a fierce response that darkens the otherwise bright economic outlook.The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a "correction" — a decline of 10% from the all-time high in January. The Dow finished at its lowest point since November.All three major indexes took their biggest weekly tumbles since January 2016.The market failed to stage a rebound from Thursday's plunge, which erased 734 points from the Dow.China vowed on Thursday that it would fight a potential trade war "until the end.""We have this general freak-out. We don't know the next shoe to drop on trade," said Michael Block, chief strategist at Rhino Trading Partners.Investors were further rattled when China's ambassador to the United States signaled that China could ease purchases of US bonds in response to Trump's tariffs. "We are looking at all options," Ambassador Cui Tiankai told Bloomberg News.China is America's biggest creditor, with more than trillion of Treasury bonds."We've been told for our entire careers that trade wars made the Great Depression worse. And we believe it," said Bruce McCain, chief investment strategist at Key Private Bank.Related: Trade fears add to concern of a downturnAsian markets were rocked overnight after China vowed not to back down in a potential trade war with the United States. Japan's Nikkei 225 plummeted 4.5%, and the Hang Seng in Hong Kong lost 2.5%.On Thursday, the market sold off after Trump announced plans to impose tariffs on about billion of Chinese imports to retaliate for theft of intellectual property.China said hours later that it "is not afraid of and will not recoil from a trade war." Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about billion worth of imports of US goods.Trump, who often uses the stock market as a barometer for his success, shrugged off the market turmoil."I think the stock market is going to be great," he said Friday at the White House after a reporter asked about the sell-off. "The stock market is way up. When I came into office, the stock market was from a different planet."Despite the recent struggles, the Dow remains up about 30% since Trump's election.Related: China: We would fight a trade war 'to the end'The worry is that a tit-for-tat escalation between the two largest economies in the world will ruin the solid economic backdrop. Investors had been banking on strong growth this year, but a slowdown in trade and dented business and consumer confidence could change that outlook drastically.Barclays warned in a report that a trade war would drown out the benefits of Trump's tax cuts, which helped power Wall Street's euphoric rally."The administration is moving forcefully into the anti-trade portion of its policy agenda," Barclays economist Michael Gapen wrote in a report on Friday.But it's too early to assess the impact. Bullish investors hope that the administration will soften its tough stance with China, similar to how tariffs on steel and aluminum imports were later scaled back significantly."The threat of a misstep remains high," Raymond James Washington policy analyst Ed Mills wrote in a report, but there is an expectation that "these actions will be watered down or mitigated" in the coming weeks.Key Bank's McCain thinks it's more likely the market is going through a correction than entering a bear market. He pointed to robust corporate profits and the strong economy, which enjoyed robust job growth in February."If anything, a few weeks ago we worried about the economy overheating and inflation picking up," McCain said.The-CNN-Wire 3867

Tough day for us at Twitter. We all feel terrible this happened.We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened. ?? to our teammates working hard to make this right.— jack (@jack) July 16, 2020 271

Those with half-a-million dollars to spend on a car could bid on a custom Lamborghini that belongs to Pope Francis.The  Huracán RWD Coupé was given to the Pope from Lamborghini last year, and he plans to auction it off via Sotheby's, according to the Vatican. Esquire reports 70 percent of the proceeds will go to Nineveh, a city in Iraq that is under siege by ISIS.See a photo of the Pope and his LamboThe rest will be divided among "Amici per il Centrafrica Onlus," Groupe International Chirurgiens Amis de la Main, and the Pope John XXIII Community Association, Esquire reports.The Pope's Lamborghini goes 198 miles per hour. It is expected to bring in between 0K and 5K, according to Sotheby's, which will do the auction on May 12. 784

Though President Donald Trump remains hospitalized with a COVID-19 infection, it didn't stop him Monday morning from sending more than a dozen tweets — most of them in all caps — urging his supporters to vote for him on Election Day.Between 6:30 a.m. ET and 7:30 a.m. ET on Monday morning, Trump tweeted at least 17 times — most of which were completely in capital letters and included a policy position or administration goal followed by the call to "VOTE!"It was the most active the president has been on Twitter since his hospitalization on Friday. Typically a prolific user of Twitter, Trump has tweeted 14 times since he confirmed his COVID-19 diagnosis on Friday, many of those coming as retweets.Trump's tweetstorm comes as the nation is still mostly in the dark regarding his condition. Throughout the weekend, the president's doctors painted a relatively rosy picture regarding Trump's bout with the disease. However, his doctors declined to share when Trump's last negative test was, how high his fever reached and other important vitals. His doctors also reported Sunday multiple instances in which Trump's blood oxygen levels dropped significantly — something that was not mentioned the day before. The doctors' reports also contradict Saturday comments from White House Chief of Staff Mark Meadows, who called the president's condition on Friday "very concerning" and added that Sunday and Monday would be "critical" in his fight against the virus.Through several photos and videos released by the White House, Trump has attempted to maintain the appearance of wellness. Despite his infection with a highly contagious disease, Trump left the hospital briefly on Sunday for a ride in a Secret Service vehicle in front of the hospital to wave to his supporters. 1780

This is the street party/protest that is on the back part of the @WhiteHouse at 15th and Constitution - lotta loudspeakers & a live band jamming out of this bus pic.twitter.com/r3cR3hN6Iz— Elizabeth Landers (@ElizLanders) August 28, 2020 249