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The jittery stock market is once again heading south.The Dow dropped 327 points, or 1.3%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conferencein Saudi Arabia. The index had been down 471 points at one point.Tech stocks fell sharply, sending the Nasdaq tumbling 2.1%. Netflix declined 5%, while Facebook and Amazon lost about 3% apiece.Stock market volatility is back on Wall Street. Fears about rising bond yields and the US-China trade war sparked heavy selling last week, the worst for all three major indexes since March. Stocks rebounded sharply on Tuesday, before another wobbly session on Wednesday. The CNN Business Fear & Greed Index of market sentiment is flashing "extreme fear."The market slide gathered steam on Thursday after Mnuchin announced on Twitter that he will not participate in the Saudi summit. Mnuchin said it was a joint decision with President Donald Trump and Secretary of State Mike Pompeo. An administration official told CNN that no other government officials will attend the event in Mnuchin's place.The news adds to rising global uncertainties, including concerns about Italy's budget and a plunge in China's stock market.David Kotok, chief investment of Cumberland Advisers, said he believes Thursday's market slide was driven more by concerns about Italy and China."But Mnuchin doesn't help things," said Kotok.Mnuchin's announcement points to elevated tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi.Saudi Arabia has threatened to retaliate against potential US sanctions. The kingdom is the world's largest oil exporter, giving it great sway over global energy prices. US oil prices briefly bounced on the Mnuchin news but closed lower on the day.Saudi Arabia has also played a huge role financing the rise of Silicon Valley, serving as the tech industry's unofficial banker.But the market has also been pressured by other international developments. Even before Mnuchin's tweet, analysts pointed out that Italian bond yields spiked due to concerns about Italy's budget proposal. The European Union plans to send a formal warning letter to Rome to signal displeasure over plans to increase Italy's budget deficit, Reuters reported.Chinese markets were also under pressure. The Shanghai Composite plunged nearly 3% overnight, falling deeper into a bear market as the US-China trade war continues to linger.US investors continue to move money out of the riskiest parts of the market and into defensive areas. While tech stocks fell sharply, defensive areas such as utilities and telecom rose slightly."There is a rotation away from the tech and momentum names," Kotok said. "One has to ask: Has FANG been defanged?" 2868

The House Judiciary and Oversight committees have released a transcript?of former FBI Director James Comey's closed-door interview with the committees on Friday.Lawmakers and Comey said that the interview was tense and that Republicans were frustrated by instructions from a Justice Department attorney telling Comey not to answer certain questions about the Russia investigation. Comey and House Democrats said the interview was a waste of time consumed with questions about Hillary Clinton's emails.The transcript was released as part of a compromise struck by Comey and House Judiciary Chairman Bob Goodlatte, R-Virginia, who had initially subpoenaed Comey to appear behind closed doors.Comey fought the subpoena in court, saying he would only testify if the proceedings were held in public. But he later backed down, agreeing to appear behind closed doors on the conditions that the transcript would be released as soon as possible and he would be free to speak about the interview afterward.Comey was interviewed as part of the Republican-led investigation into FBI's investigations into Clinton and Donald Trump and Russia in 2016. Republicans are preparing a report detailing their findings before Democrats take control of the House in January. 1265

The holiday season is upon us, and for many, that means it’s time to hit the road and travel for Thanksgiving.In 2016, AAA estimated that more than 48 million Americans were expected to travel for turkey day.According to the AAA Autumn travel guide, most travelers plan to stay within the United States, with Orlando, Southern California, Hawaii and New York being the most popular domestic travel destinations. 419

The pathway to higher education has never been without barriers. But trying to break through them during a pandemic can crack an already fragile foundation."I'm doing everything for my family so they feel proud of me and I can keep going forward and get a good job, so I don't end up in the fields," said 19-year-old Maria Salvador, who spoke in Spanish during the interview, which was later translated into English.Salvador is a first-generation college student attending Oxnard College in Ventura County, California. Born in the central coast of California, Salvador's parents came to the United States from Oaxaca, Mexico, and work in the fields. While long hours can reap little reward for migrant farmworkers, many work in hopes to pass down a better life for their children."They always tell me we have to keep studying, we have to keep learning and keep growing so that we can get a good job, so that we don't suffer the way they suffered," said Salvador.But studying was made more difficult by the lack of access to a laptop and the internet during her final year of high school. While the schools gave Salvador and her brothers and sisters hotspots, she said they often didn't work."It was always hard, because since I would use my mom's cell phone, sometimes she would take it with her and sometimes I couldn't do my homework," the teen said.And when the pandemic derailed the final months of her high school experience, Salvador and her sister worked in the fields to help their family."With the whole pandemic came a lot of financial hardships for families, where there wasn't before," said Sonya Zapien-Torres, the Tequio Youth Coordinator.Zapien-Torres works to get these students from the fields to college."Help them navigate this system because a lot of them are first-generation. They may not understand what are the requirements to get to graduate high school, you know, what classes do I need to take?" said Zapien Torres.She says virtual learning has made the process a lot harder."I would definitely want to be on campus. I wish the pandemic would end and everybody could get back to normal and go back to class. I wouldn't be having all of these problems with my studying. It's hard as it is," said Salvador. Heading into her first week of college, Salvador still did not have her own laptop and reliable internet, but the organization Mixteco Indígena Community Organizing Project (MICOP) was able to secure her a device. Mixteco leaders say donations to the organization help to fulfill these needs. It's an issue not unique to just Salvador and made even more complicated with a surge in demand for laptops.Around the country, the technology supply chain is struggling to keep up with the boom in demand. Research company NPD Group reports notebook computer sales grew 50 percent this summer.Around the country, schools and families are dealing with shipping delays, limited selections, and higher-than-usual costs."Our students are not only falling behind but then, they're getting graded for not showing up to these virtual classes where it's really not even up to them," said Zapien-Torres.Oxnard College serves a population of 60 percent first-generation students. In a survey, they found 20 percent of respondents don't have access to the internet, computers, or basic software programs. Despite challenges, they've been able to fulfill every laptop request.Organizations like Mixteco are working to keep vulnerable students on the path to higher education."They see the struggles of their families; working in the field is not something they want to do. They know by personal experience the hard labor of working in the fields, so they want to, and they aspire to grow from that," said Zapien-Torres. While the job of advocates has grown more complicated, their efforts may matter more now than ever before. 3847

The National Hurricane Center named its eighth tropical system of 2020 in the Atlantic basin on Thursday as Tropical Storm Hanna churns in the Gulf of Mexico.The storm, which had top winds of 40 MPH as of late Thursday, has its eyes set on the Texas coast. The National Hurricane Center issued tropical storm watches and warnings for the Texas coast. The warnings run along from Mouth of the Rio Grande to San Luis Pass, Texas.The National Hurricane Center said it expects the storm to continue to strengthen through landfall.Hanna is notable for being the earliest-forming H storm in the Atlantic. The peak of hurricane season is still seven weeks away.Meanwhile, Hawaii is preparing for a possible strike from Hurricane Douglas this weekend. The Category 3 storm is expected to gradually weaken before crossing the island chain on Sunday. 848