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The newborn babies at a Kansas hospital are ready for "Frozen 2," even if they're a little bit young for a trip to the movie theater.The staff at 158

The Office of Refugee Resettlement, which is charged with caring for unaccompanied migrant children, is "scaling back" or canceling activities at shelters, citing the need for more resources.A swell of migrants crossing the southern border has overwhelmed the agency's facilities, which house unaccompanied children until they are placed with a sponsor in the United States. The shelters provide schooling and activities for the children during their stay, but the increase of children arriving to the border has strained the department's resources."This week, ORR instructed grantees to begin scaling back or discontinuing awards for (unaccompanied minors) activities that are not directly necessary for the protection of life and safety, including education services, legal services, and recreation," Evelyn Stauffer, spokeswoman for the Department of Health and Human Services' Administration for Children and Families, said in a statement.The Washington Post 975

The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400

The Department of Homeland Security's Inspector General has found "dangerous overcrowding" and unsanitary conditions at an El Paso, Texas, Border Patrol processing facility following an unannounced inspection, according to a not-yet released report obtained by CNN.The IG found "standing room only conditions" at the El Paso Del Norte Processing Center, which has a maximum capacity of 125 migrants. On May 7 and 8, logs indicated that there were "approximately 750 and 900 detainees, respectively.""We also observed detainees standing on toilets in the cells to make room and gain breathing space, thus limiting access to the toilets," the report states.A cell with a maximum capacity of 12 held 76 detainees, another with a maximum capacity of eight held 41, and another with a maximum capacity of 35 held 155, according to the report."(Customs and Border Protection) was struggling to maintain hygienic conditions in the holding cells. With limited access to showers and clean clothing, detainees were wearing soiled clothing for days or weeks," the report states."Corrective action is critical to the immediate health and safety needs of detainees, who cannot continue to be held in standing-room-only conditions for weeks until additional tents are constructed," the report adds.The report comes as the number of migrants coming across the southern border continues to skyrocket. Roughly 109,000 people crossed in April, 1438

The CEO of Girl Scouts of Greater New York says it's so much more than what's your favorite cookie.They're creating future leading businesswomen of America.Think of it this way: these girls launch their own cookie selling companies by setting their own goals, making their own budgets for their troop and deciding how to spend the money they've earned.The selling season starts Friday.This article was written by Shirley Chan for 442

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