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Why are stocks falling again? President Donald Trump says it's because Democrats are gearing up to use their impending control of the House of Representatives to investigate him. As always, when it comes to the markets, the real answer is complicated.The Dow fell by more than 600 points on Monday, dragged down by investors' concerns about the tech sector and the rising dollar. The Nasdaq fell 2% and the broader S&P 500 fell 1.2%.Apple (AAPL) fell 5% after supplier Lumentum cut its earnings and sales forecast because of weak demand, and JPMorgan cut its target price on Apple's stock. That weighed on other technology stocks, including Amazon (AMZN) and Tesla (TSLA) -- down 4% -- as well as Facebook, which fell 3%. Google (GOOGL), Netflix (NFLX) and Microsoft (MSFT) were all down more than 2%.The strong dollar also weighed on stocks. The US currency surged to a 16-month high because investors fear the European economy could stall if no Brexit deal is reached this week. Prospects of another rate hike from the Fed next month have also helped lift the dollar. The rising dollar is a signal of a strong economy, but it hurts sales and profits for American companies that do business overseas.Though Trump blamed Democrats for the drop, the Dow had actually bounced back since the midterms, rising last week in its best showing since March. Wall Street tends to like stagnation in Washington, so investors are actually just fine with Democrats taking the House.As for what Trump termed the "prospect of presidential harassment," there is not much evidence the stock market will bat an eye if Democratic leaders in the House begin investigations into the Trump administration. Stocks rose before, during and after President Bill Clinton's impeachment. 1800

When will companies learn the golden rule: Think before you tweet.Keurig and other brands caught flack from all sides for how they responded to social media calls to distance themselves from Fox News host Sean Hannity. Companies walked back statements they made on Twitter or struggled to explain their actual relationships to Hannity -- in each case stoking the social media fires.Critics targeted companies that advertised on Hannity's syndicated radio show as well as his Fox News program after Hannity appeared to defend Alabama Republican Senate candidate Roy Moore on Thursday. Moore has been accused of sexual misconduct with teenagers, including a 14-year-old girl. He has denied the allegations.The firestorm began in earnest on Friday. Angelo Carusone, president of liberal watchdog group Media Matters for America, appealed directly to brands like Keurig to cut advertising ties with Hannity."Good afternoon @Keurig. You are currently sponsoring Sean Hannity's show ... please reconsider," Carusone wrote on Twitter.Keurig responded the next morning. The company said on Twitter: "We worked with our media partner and FOX news to stop our ad from airing during the Sean Hannity Show."Keurig's response was praised by Hannity's critics. But it sparked a backlash from Hannity's supporters, who started a #BoycottKeurig hashtag and, in some cases, even smashed their own Keurig machines.By Monday, Keurig CEO Bob Gamgort had apologized for how Keurig responded."The decision to publicly communicate our programming decision via our Twitter account was highly unusual," Gamgort wrote an internal memo to employees. "This gave the appearance of 'taking sides' in an emotionally charged debate that escalated on Twitter and beyond over the weekend, which was not our intent."Keurig wasn't the only company to walk back its initial response to the Hannity controversy.Realtor.com tweeted on Saturday "we are not currently, and will not be running TV ads on Hannity." But it later deleted the tweet, and on Sunday it posted a statement to its corporate blog with a very different message: "We will continue to place ads across a broad range of networks, including Fox News and its top shows."Reddi-wip, which is owned by ConAgra, tweeted on Monday "our objective has always been to reach fans in ways that align with our values. Therefore, we are removing our ads from the show," in response to a user who asked the brand not to support Hannity. Later, the company said "we removed Hannity from our advertising plans," adding on Tuesday, "this program has not been included in our media plan for a long time."A ConAgra representative confirmed on Tuesday that the company has not advertised with the program for months, but added that the controversy hasn't impacted ConAgra's future plans.Irv Schenkler, Director of the Management Communication Program at New York University's Stern School of Business, said that companies need to take a balanced approach when developing their social media strategies. On one hand, firms should be engaging with their customers online. On the other, they should be wary of jumping into a controversy too quickly, he advised.Sometimes when companies tweet "they are acting from the seat of the pants, as opposed to taking a moment to analyze and examine the dimensions of the event or issue," Schenkler explained.By responding too quickly on social media, companies may end up exacerbating controversies that may fizzle out on their own, he said.Brayden King, a professor of Management and Organizations at Northwestern's Kellogg School of Management, said Twitter can be an easy way for brands to get messages to a large audience. "Twitter reaches a lot of people very quickly," he said, while "a press release can be ignored by the very people you want to see it."But companies do face a risk when they use social media platforms to disseminate a position. "If you don't think through the media strategy carefully, you can expose yourself to criticism from other people -- including people you see as potential customers," King said.Schenkler added that brands may sometimes forget how public their Twitter interactions are."What [brands] might consider to be business conversations are just out there, and people forget that," he said. "And they pay the price sometimes."To protect themselves, Schenkler said, companies may want to enact a social media process or protocol that prioritizes the brand's ultimate objectives -- and keep it in mind when responding to a controversy.  4534

Whether it's turning your daily commute into Pac Man or paving the way for Pokemon Go, Google Maps has been known to integrate video game "Easter eggs" into its app — and it's latest surprise will have Nintendo fans revving their engines.On Friday, Google Maps cryptically tweeted a screencap of a "street view" from Venice, California. The photo shows smiling banana peels in the middle of the road.  414

WILLIAMSBURG, Va. - Citing the desire to achieve financial stability while maintaining competitiveness, the College of William & Mary will discontinue seven of its 23 varsity sports.At the conclusion of the 20-21 academic year, men's and women's gymnastics, men's and women's swimming, men's indoor and outdoor track & field, and women's volleyball will no longer be sponsored as Division I sports at the Williamsburg institution.In an open letter, Director of Athletics Samantha K. Huge said, "This is a wrenching decision. It will impact 118 student-athletes and 13 coaches. Altered, too, will be the lives of thousands of family members, former varsity letter award winners, alumni, fans, donors, and supporters of these seven sports programs."Over the past two decades, W&M says there have been several athletics program reviews conducted by groups both within – and external – to athletics. Each of these reviews, according to W&M, reached the same conclusion: William & Mary's model of sponsoring 23 varsity sports is unsustainable without a significant increase in funding through private philanthropy and revenue generation. William & Mary adds it has searched for alternatives to discontinuing varsity sports, without success.The full savings from the elimination of these seven sports will eventually be .66 million annually, which is 12% of William & Mary Athletics' annual budget.This story was first reported by Adam Winkler at WTKR in Norfolk, Virginia. 1501

William "Bill" Barr, a former attorney general under President George H.W. Bush, is emerging as a consensus candidate to succeed Jeff Sessions as attorney general, two sources familiar with President Donald Trump's thinking tell CNN.A third source familiar with the process said if Trump offered the position to Barr, he would be willing to accept.Trump's consideration of a new attorney general comes during a critical time for special counsel Robert Mueller's investigation, of which the next Justice Department chief will inherit oversight. Barr, 68, has previously offered mixed opinions about the investigation, having praised Mueller but also publicly criticizing political donations made by several members of his team.The Washington Post first reported that Barr is the leading candidate. Sources cautioned to CNN, however, that Trump makes the final decision.Barr served as Mueller's boss when he was attorney general in the early 1990s and Mueller led the criminal division at the Justice Department.The former attorney general hasn't shied away from weighing in on Mueller's investigation. He expressed confidence in Mueller early on and suggested the investigation wouldn't devolve into a "witch hunt," but he also has shared some disappointment when asked by The Washington Post last year about the donations that some of Mueller's team members made to Democrats."In my view, prosecutors who make political contributions are identifying fairly strongly with a political party ... I would have liked to see him have more balance on this group," he said in July 2017.Barr also defended Trump's decision to fire former FBI Director James Comey, who was criticized for flouting Justice Department protocols when he announced in July 2016 that he wouldn't recommend charges against Hillary Clinton for mishandling classified info during her time as secretary of state."I think it is quite understandable that the administration would not want an FBI director who did not recognize established limits on his powers," Barr wrote in a Washington Post op-ed in May 2017. "It is telling that none of the president's critics are challenging the decision on the merits."The prospect of Barr taking over the Justice Department was well-received by some leading members of Congress in both parties Thursday.Senate Majority Whip John Cornyn, a Texas Republican who sits on the Judiciary Committee, called Barr an "interesting pick.""I think getting the next nominee confirmed is going to be a little bit of a challenge," he said. "(Barr) may be the kind of person who would be easier to confirm."Sen. Dianne Feinstein, the top Democrat on the Judiciary Committee, said she was unfamiliar with Barr's views but encouraged by a suggestion that he was an "establishment" Republican."I would hope (Trump) would pick someone who would be by the book and not by the politics," Feinstein said.CNN reported late last month that Barr was among several potential candidates to succeed Sessions.At the time, CNN reported that Trump was considering tapping the assistant attorney general for the Justice Department's Antitrust Division, Makan Delrahim, to succeed acting Attorney General Matthew Whitaker. At the time, White House officials said Trump was in no rush to nominate a permanent successor to Sessions, whom he fired November 7. Instead, Trump was telling confidantes he was happy to leave Whitaker in place while he mulled his choices.Other names that have been floated as possible replacements for Sessions include Rep. John Ratcliffe of Texas, a former federal prosecutor, as well John Michael Luttig, a former US Court of Appeals judge, Justice Department official and current general counsel at Boeing. One former White House official said late last month that Luttig was a strong possibility, though he had not met with the President. A second source close to Luttig told CNN he was considered for the role of FBI director after Comey was fired in spring 2017.The-CNN-Wire 3983