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Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the Dow Jones Industrial Average down nearly 1,200, its biggest one-day drop ever.The benchmark S&P 500 dropped down4.4% Thursday, its worst one-day drop since 2011.The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a "correction," which is decline of at least 10% from a high. The six-day correction is the fastest in history.Stocks are now headed for their worst week since October 2008, during the global financial crisis.The losses extended a slide that has wiped out the solid gains major indexes posted early this year. Investors came into 2020 feeling confident that the Federal Reserve would keep interest rates at low levels and the U.S.-China trade war posed less of a threat to company profits after the two sides reached a preliminary agreement in January. Even in the early days of the outbreak, markets took things in stride.But over the past two weeks, a growing list of major companies issued warnings that profits could suffer as factory shutdowns across China disrupt supply chains and consumers there refrain from shopping. Travel to and from China is severely restricted, and shares of airlines, hotels and cruise operators have been punished in stock markets. As the virus spread beyond China, markets feared the economic issues in China could escalate globally.One sign of that is the big decline in oil prices, which slumped on expectations that demand will tail off sharply."This is a market that's being driven completely by fear," said Elaine Stokes, portfolio manager at Loomis Sayles, with market movements following the classic characteristics of a fear trade: Stocks are down. Commodities are down, and bonds are up.The Dow dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1%. To put that in perspective, the Dow's 508-point loss on Oct. 19, 1987, was equal to 22.6%. Bond prices soared again Thursday as investors fled to safe investments. The yield on the benchmark 10-year Treasury note fell as low as 1.246%, a record low, according to TradeWeb. When yields fall, it's a sign that investors are feeling less confident about the strength of the economy.Stokes said the swoon reminded her of the market's reaction following the Sept. 11, 2001 terrorist attacks."Eventually we're going to get to a place where this fear, it's something that we get used to living with, the same way we got used to living with the threat of living with terrorism," she said. "But right now, people don't know how or when we're going to get there, and what people do in that situation is to retrench."The virus has now infected more than 82,000 people globally and is worrying governments with its rapid spread beyond the epicenter of China.Japan will close schools nationwide to help control the spread of the new virus. Saudi Arabia banned foreign pilgrims from entering the kingdom to visit Islam's holiest sites. Italy has become the center of the outbreak in Europe, with the spread threatening the financial and industrial centers of that nation.At their heart, stock prices rise and fall with the profits that companies make. And Wall Street's expectations for profit growth are sliding away. Apple and Microsoft, two of the world's biggest companies, have already said their sales this quarter will feel the economic effects of the virus.Goldman Sachs on Thursday said earnings for companies in the S&P 500 index might not grow at all this year, after predicting earlier that they would grow 5.5%. Strategist David Kostin also cut his growth forecast for earnings next year.Besides a sharply weaker Chinese economy in the first quarter of this year, he sees lower demand for U.S. exporters, disruptions to supply chains and general uncertainty eating away at earnings growth.Such cuts are even more impactful now because stocks are already trading at high levels relative to their earnings, raising the risk. Before the virus worries exploded, investors had been pushing stocks higher on expectations that strong profit growth was set to resume for companies after declining for most of 2019. The S&P 500 recently traded at its most expensive level, relative to its expected earnings per share, since the dot-com bubble was deflating in 2002, according to FactSet. If profit growth doesn't ramp up this year, that makes a highly priced stock market even more vulnerable.Goldman Sach's Kostin predicted the S&P 500 could fall to 2,900 in the near term, which would be a nearly 7% drop from Wednesday's close, before rebounding to 3,400 by the end of the year.Traders are growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon. They are pricing in a 96% probability of a cut at the Fed's next meeting in March. Just a day before, they were calling for only a 33% chance, according to CME Group.The market's sharp drop this week partly reflects increasing fears among many economists that the U.S. and global economies could take a bigger hit from the coronavirus than they previously thought.Earlier assumptions that the impact would largely be contained in China and would temporarily disrupt manufacturing supply chains have been overtaken by concerns that as the virus spreads, more people in numerous countries will stay home, either voluntarily or under quarantine. Vacations could be canceled, restaurant meals skipped, and fewer shopping trips taken. "A global recession is likely if COVID-19 becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in Italy and Korea," said Mark Zandi, chief economist at Moody's Analytics. The market rout will also likely weaken Americans' confidence in the economy, analysts say, even among those who don't own shares. Such volatility can worry people about their own companies and job security. In addition, Americans that do own stocks feel less wealthy. Both of those trends can combine to discourage consumer spending and slow growth.MARKET ROUNDUP:The S&P 500 fell 137.63 points, or 4.4%, to 2,978.76. The Dow fell 1,190.95 points, or 4.4%, to 25,766.64. The Nasdaq dropped 414.29 points, or 4.6%, to 8,566.48. The Russell 2000 index of smaller company stocks lost 54.89 points, or 3.5%, to 1,497.87.In commodities trading Thursday, benchmark crude oil fell .64 to settle at .09 a barrel. Brent crude oil, the international standard, dropped .25 to close at .18 a barrel. Wholesale gasoline fell 4 cents to .41 per gallon. Heating oil declined 1 cent to .49 per gallon. Natural gas fell 7 cents to .75 per 1,000 cubic feet.Gold fell 40 cents to ,640.00 per ounce, silver fell 18 cents to .66 per ounce and copper fell 1 cent to .57 per pound.The dollar fell to 109.95 Japanese yen from 110.22 yen on Wednesday. The euro strengthened to .0987 from .0897. 7132
WNBA star Maya Moore announced Wednesday that she had married the love of her life — a man that, in part, through her advocacy, had been freed from prison after his wrongful conviction was overturned earlier this year.During an appearance on Good Morning America Wednesday, the Minnesota Lynx small forward announced she had married Jonathan Irons earlier this year."We wanted to announce today that we are super excited to continue the work that we are doing together, but doing it as a married couple," Moore said. "We got married a couple months ago and we're excited to just continue this new chapter of life together."Irons was arrested in 1998 and charged with the burglary and shooting of a suburban St. Louis home. Irons, who was 16 at the time of the shooting, was convicted by an all-white jury and sentenced to 50 years in prison.According to SB Nation, the prosecution's case hinged on the testimony of the homeowner, Stanley Stotler. Stotler identified Irons as the man who had broken into his home, but Irons denied he was at the scene at the time. Police also alleged that Irons committed to the crime, which Irons denies.Moore first met Irons in 2007 through a prison ministry program when she was 18 years old. At the time, she was beginning her basketball career at UConn, where she would go on to win back-to-back NCAA titles.Moore and Irons developed a friendship and stayed in touch throughout the years. On GMA Wednesday, Irons said that as their relationship evolved, they began to develop romantic feelings for each other."I wanted to marry her but at the same time protect her because being in a relationship with a man in prison, it's extremely difficult and painful," Irons told GMA. "And I didn't want her to feel trapped and I wanted her to feel open and have the ability any time if this is too much for you, go and find somebody. Live your life. Because this is hard."In 2019, Moore stunned the WNBA when she announced that she would be taking a break from basketball to focus on activism within the criminal justice system. She also chose to sit out the 2020 WNBA season.During her hiatus, Moore took an active role in seeking justice for Irons. Moore and Irons' legal team argued that a key fingerprint report that would have ruled Irons out as a suspect in the 1998 shooting had not been submitted as evidence or turned over to the defense.A Missouri judge overturned Irons' conviction in March. On July 2, the judge vacated the conviction, officially clearing Irons' name.Irons said he proposed to Moore the day he was released from prison."When I got out we were in the hotel room we had some friends in the room, it was winding down and we were extremely tired, but we were still gassed up on excitement," Irons said. "It was just me and her in the room and I got down on my knees and I looked up at her and she kind of knew what was going on and I said, 'will you marry me,' she said, 'yes.'"Good Morning America reports that the couple's marriage took place a few months ago in front of socially-distanced family and friends."Over the last 13 years we have just developed a friendship and just entered into this huge battle to get him home and just over time it was pretty clear what the Lord was doing in our hearts and now we're sitting here today, starting a whole new chapter together," Moore said. 3349

comes in.“Find your anchor is a grassroots movement aimed at suicide awareness and prevention,” Find Your Anchor CEO Ali Borowsky explains. “It all kind of manifests itself into these little blue boxes that we launch into the world. So, you’re walking down the street, you see this little blue box, you open the lid, it says ‘If you’re feeling lost, hopeless, suicidal, this is for you. If not, leave it for someone else in need.’”Find Your Anchor is based out of Orange County, California, but boxes have reached places all across the globe. The boxes can be requested by people in need, ordered by mentors who want to help people in need, or launched in a public place for somebody to find. Borowsky says she thinks launching them organically into the world, is the most powerful way for somebody to encounter a box.“It’s like a message from the universe," she says. "Like ‘I was meant to find this, this was put here for me.’”The box holds multiple items to give people hope: a deck of cards titled “52+ reasons to live”, a bracelet, an infographic on depression, a sticker, a couple posters, some cards on how to become a messenger, and a list of resources. Borowsky felt inspired to create Find Your Anchor, after her own struggles with mental health. She attempted to take her life multiple times. Now, she's helping others who may be in a dark place. Keeping track of each individual box, Borowsky says she’s received notes from many people saying the box has saved their life. And that’s why more and more mental health advocates are standing behind Find Your Anchor.“I like the find your anchor box because it’s empowering the individual immediately, and yet provides resources for them if they need more than just the box,” Amanda Greene says.Greene says she can’t stop ordering Find Your Anchor boxes, because she understands their powerful impact.“Living with chronic illness and having it for a long time, there’s days where you’re like ‘OK, I’m done,’” she says. As soon as the people receiving boxes are in a better place, they’re encouraged to pass it on, adding an item that was an anchor for them.Whether it’s a phone call on the top of a bridge, or a box by the beach, what’s most important for people to realize, is that they’re not alone, they’re loved, help is available, and there is hope.“My core belief in the height of my darkness was that no one would care," Borowsky recalls. "If we can help convince you that strangers care about you, then it shouldn’t be so hard to feel that your family and friends do as well."“If you are suicidal, there is help. And I encourage you to reach out,” Elmer says. ******************************************************If you’d like to reach out to the journalist for this story, email Elizabeth Ruiz at elizabeth.ruiz@scripps.com 2794
With President Donald Trump in the hospital, his campaign is launching an effort it’s calling “Operation MAGA” to maintain momentum.The operation entails “a full marshalling of top-level surrogates, campaign coalitions and Trump supporters” to carry the campaign until Trump can return to the trail, according to a campaign statement. Vice President Mike Pence and Trump’s family will be prime players in the effort, which will feature a series of online events leading up to Wednesday's vice presidential debate before moving to in-person events.It’s unclear how the new plan differs from the campaign’s operations before Trump was hospitalized. Pence and the first family was already actively campaigning.Pence outlined the effort in an all-staff conference call Saturday afternoon with campaign manager Bill Stepien, who has also been diagnosed with COVID-19.“I want to encourage you to stay in the fight,” Pence told the staff. 939
after a pickup truck sank into a pond Monday night. Unfortunately, a father and daughter did not survive.The Butler County Coroner said 6-year-old Nena Harrison and 35-year-old Morance Harrison died of accidental drowning at the Villages of Wildwood Apartments.The unidentified dog walker pulled Nena’s 4-year-old brother from the pond and told witnesses he almost succeeded in rescuing Nena.Donte Lasky and Kai Krumman, who live in the complex, told WCPO they were riding their bikes near the pond when they saw the red pickup sink into the water. They said they saw a man desperately trying to save the others until he went under the water and never came up again. 668
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