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The Federal Communications Commission unveiled a proposal Wednesday to limit the scourge of unwanted robocalls, a measure that would give phone companies wide latitude to block those calls by default.The plan, if approved, could go into effect later this year and allow carriers to apply robocall-blocking technologies to customer accounts automatically.Americans received more than 26 billion robocalls last year — a 46% increase over the year before, according to a study by the Seattle-based spam monitoring service Hiya.Companies have been working on a variety of techniques to thwart spam callers, but many have been reluctant to release them widely over fears that the technology could be considered illegal by regulators, said FCC Chairman Ajit Pai, who added his proposal aims to put those fears to rest."Allowing call blocking by default could be a big benefit for consumers who are sick and tired of robocalls," Pai said in a statement. "By making it clear that such call blocking is allowed, the FCC will give voice service providers the legal certainty they need to block unwanted calls from the outset so that consumers never have to get them."Carriers have also been developing standards aimed at verifying the owner of a particular phone number, in order to cut down on robocalls in which scammers hide behind legitimate phone numbers. The FCC proposal would ask for public input on how those standards should work.Last month, T-Mobile and Comcast's Xfinity said they would start verifying calls between their networks, using a tool that will alert customers if an incoming call wasn't placed by an actual human.Most major telecom companies have also had a hand in developing and testing anti-robocall technology called STIR/SHAKEN. The technology's goal is to tamp down on bad actors who use a technique called "spoofing," which allows them to skirt Caller ID and make it look like they're calling from another number — even phone numbers that are identical or look similar to your own.Spoofing has made it difficult for authorities to sort out which robocalls are illegal and which robocalls are spoofed for a legitimate reason, in cases like a call from a pharmacist or local school district. 2223

The Bakersfield Police Department in California has arrested a 23-year-old man who officials said forced his pregnant girlfriend to ingest numerous unknown pills in an effort to force a miscarriage. According to BPD, on Wednesday around 1:00 a.m. officers received a report of suspicious circumstances. The person who called police claimed a pregnant family member, the victim, had been held at gunpoint and forced by the victim's boyfriend to ingest numerous unknown-type pills to try to force a miscarriage. Officers responded to a local hospital where the victim was and confirmed the story with the victim. BPD said the victim did have a miscarriage as a result of the incident. Police identified the suspect as Jagmeet Sandhu, 23, and executed search warrants at locations associated with Sandhu and found evidence that corroborated the reported offenses. Sandhu was taken into custody without incident near 17th Street and Truxtun Avenue. He was later booked into the Kern County Jail for several criminal charges including murder, domestic assault, and false imprisonment. The investigation is ongoing. This article was written by Jessica Harrington for 1173

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 Dow Jones Industrial Average closed the week on a sour note, giving back some of the gains it had made on three straight days in the green.The Dow closed down 915 points — a 4 percent loss — its first drop since Monday. However, the markets remained up for the week, the first week-over-week gain since February.The day of losses came despite the House passage of a .2 trillion stimulus package that the Trump administration hopes can boost the economy amid an economic slowdown caused by the coronavirus. President Donald Trump is expected to sign the bill into law this afternoon. 600

The Justice Department says President Donald Trump's former national security adviser Michael Flynn deserves up to six months in prison. That's according to a court filing Tuesday. Flynn pleaded guilty in 2017 to lying to the FBI about his conversations with the then-Russian ambassador to the United States, including about his request that Russia not escalate tensions with the U.S. following sanctions imposed by the Obama administration for election interference. At the time, he was the closest Trump associate to agree to cooperate in special counsel Robert Mueller's Russia investigation. 607