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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
This year, the "Annual Salute to Women in Sports" is going virtual.For the first time, the event will be streamed online for free. Those who will be recognized this year include the athletes and leaders who are using their voices and platforms to push for equality and justice.Alana Nichols is no stranger to adversity."I started off on a rocky foot, and I had every opportunity to go off the beaten path," Nichols said. "Whether that be drugs and alcohol or whatever that looked like or just hanging out with the wrong people."But Nichols says, every time, sports would reel her right back in. She was a fastpitch softball star and was on her way to play in college when a snowboarding accident left her paralyzed."In a moment my life was changed completely. I was hoping to go to college on a softball college scholarship; I had the world at my fingertips, and all of a sudden, I'm 17 years old and paralyzed," Nichols said.For a short time, Nichols lost her way without sports. Then, she discovered wheelchair basketball and says that's when she found herself again."That's one of the beauties and the magic about sport, is it makes you feel good," she said. "It makes you feel good to move, and everybody, regardless of their ability, should have the right and the opportunity to figure out how to move and to play."Fast forward to today, and Nichols' athletic resume is stacked: A three-time gold medalist, a dual-sport athlete in wheelchair basketball and alpine skiing, the first female American to win gold in both the summer and winter Paralympic Games."Sports absolutely changed my life, and it continues to benefit me in so many ways," Nichols said.Nichols is also a mother and is the current president of the Women's Sports Foundation, an organization that works to give everyone a chance to play."A lot of what we do is look at the general landscape of what's going on for girls and women in sports and asses the needs of what is not being met and help promote equality and justice in the sports world for girls and women," she said.This year's theme for the Annual Salute to Women in Sports is "Speak with Sport," which 2014 Olympic Ice Dance Champion Meryl Davis describes as celebrating what sports can do for the world."The world of sport, women in sport is so important and so getting a chance to come together and celebrate what sport can do for the world, uniting us and inspiring us is particularly important right now," Davis said. "I'm thrilled we'll get together virtually and do that."Davis started ice skating when she was five. After her Olympic win, she's spent her time traveling, touring and advocating for sports and women in sports.Like Nichols, she'll be part of the virtual salute, which supports the Women in Sports Foundation and many programs that expand access and opportunities for all girls and women in sports."We're hoping to raise .3 million, of course, but this gives us an opportunity to reach so many young women that wouldn't have ever been able to see what the women's sports foundation is about," she said.Nichols says it's the biggest night for Women in Sports, and it's a chance to celebrate the voice they're giving to the voiceless.The event will take place live on Yahoo Sports on Oct. 14. 3253
This time of year, inboxes are flooded with holiday deals and promotions, as well as phishing emails and texts that claim to have information on online orders and deliveries.“It might be your item is delayed that’s going to cause alarm. Or, it’s on its way that causes hope. So, we have a tendency to want to look at this information,” said Angie Barnett, president & CEO with the Better Business Bureau serving greater Maryland.When consumers click on the links, they’re asked for personal information, or malware capturing keystrokes and password information could be downloaded onto the device.An easy way to avoid being tricked is to keep a folder in your inbox just for emails containing order and tracking information.“Move it over there, and if you get a notification of shipping that tells you your order’s delayed or something, verify did you really order something that’s going to be delivered from that particular shipping handling entity? And verify that it is true and look at the tracking numbers that’s critical,” Barnett said.Other giveaways include poor grammar or spelling errors.If you receive one of these emails, you can forward it to USPS, Amazon, or UPS to investigate.This story was originally published by Mallory Sofastaii at WMAR. 1269
To the Black Friday victors go the spoils.Use these hacks to guarantee yourself the deals you want, whether you decide to shop from your couch or at the store. 177
There are now 286 cases of possible and confirmed acute flaccid myelitis in the United States this year, according to the US Centers for Disease Control and Prevention.That includes 116 confirmed cases of the rare polio-like illness, also known as AFM, that leads to sudden onset of paralysis. That's 10 more confirmed cases than the agency reported a week ago. An additional 170 possible cases of AFM are under investigation.More than 90% of the 440 patients with AFM since 2014 have been children younger than age 4. Most of the children with confirmed cases experienced a viral illness with symptoms including fever and cough about three to 10 days before the onset of paralysis, the CDC said this month. 715