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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 Intelligence Committee on Friday released a redacted version of the Republican report on the committee's year-long Russia investigation, in which, GOP members say, they found no evidence of collusion between the Trump campaign and Russia and disputed the intelligence community's findings that Vladimir Putin tried to help elect Donald Trump President.The committee released the report with redactions from the intelligence community, along with a redacted Democratic dissent disputing the Republican conclusions.Rep. Mike Conaway, the Texas Republican who led the committee's Russia probe, said in a statement that the intelligence community made "overzealous redactions" to the report, and the committee plans to challenge them to get more of the report declassified."Many of the redactions include information that is publicly available, such as witness names and information previously declassified," Conaway said.Republicans ended their investigation into Russia's 2016 election meddling last month, concluding they found no evidence that Trump's team had colluded with Russians."We found no evidence of collusion, and so we found perhaps some bad judgment, inappropriate meetings," Conaway said when they submitted their report for declassification.But Democrats say Republicans failed to interview key witnesses and issue subpoenas to obtain necessary information, and were not interested in uncovering collusion. They are now continuing their own investigation without Republicans into Russia's election meddling. 1545

The name change for Boy Scouts of America is creating a buzz online as people react the organization's recent move to become more inclusive.They will begin calling the program for ages 11 to 17 "Scouts BSA."It was a historic decision for Boy Scouts of America as they take the next step towards allowing females into all their programs with their focus on bringing families together in one spot. It's all a part of the new "Scout Me In"?recruitment campaign, uniting girls and boys of the same family with one organization."Having Johnny in Scouts and Sally in soccer or some other activities — if they can go and do things together as a family unit, that's what families are looking for from the research we have," says Chris Mehaffey, scout executive and CEO of the Mid-America Council. And so the move was made today, switching the Boy Scouts program to Scouts BSA with the hopes that the new name will make girls feel comfortable joining the program geared towards 11-18 year olds.Still Mehaffey believes the name switch won't make a huge difference in girls joining the scouts. "I think those that are interested in our program will come anyway, this just shows that we are being more inclusive to what demographics we'll be serving."As for the Girl Scouts, they're remaining focused on creating programs for girls, and only girls. "So it's not changing the way we deliver our mission and programs. We're going to continue to do what girls asked us to do and provide for their changing needs," says Melissa Breazile, marketing director of Girl Scouts of Nebraska.And if girls desire, Mehaffey says girls can choose to join both organizations. "You don't have to choose. Girl Scouts meet on different nights, Cub Scouts, Scouts BSA meet on different nights, if you're interested in both if parents will allow, do both."Now this switch only affects the Boy Scout program. Ranks like Cub Scouts and Eagle Scouts, will keep their names.While the Cub Scouts have already began to bring in girls, the organization plans to fully bring them in by February of 2019. 2115
The plane behind Lion Air's crash off Indonesia was one of Boeing's newest and most advanced jets. It was just two months old and with 800 hours under its belt, so experts are baffled as to what exactly caused the 737 MAX 8 to crash.While no information has been released yet as to why the brand-new plane crashed into the sea 13 minutes after takeoff,?FlightRadar24 has published data that shows the plane behaving erratically during takeoff. When a plane would normally be ascending in the first few minutes of flight, the Lion Air jet experienced a 726-foot drop over 21 seconds.Aviation expert Philip Butterworth-Hayes told CNN that the data was unusual -- especially since takeoffs like this are typically controlled by the plane's automatic systems."This doesn't fit an automatic flight profile," Butterworth-Hayes said while studying the data. "Unless, the aircraft was trying to correct itself at the time for a number of reasons.""This shows an unusually unstable vertical flight profile," he added."Exactly at the same time as the speed increased there was an altitude dip, which meant that at that point there was quite some loss of control."The plane, which has only been in operation since August 15, was carrying 181 passengers as well as six cabin crew members and two pilots, bound for Pangkal Pinang on the Indonesian island of Bangka.Former US National Transportation Safety Board air crash investigator and CNN aviation analyst Peter Goelz told CNN the data clearly showed issues with both the speed and altitude of the plane."There is something obviously wrong in both the air speed and the altitude which would point to the flight control systems," he said. "These are fly-by-wire systems -- highly automated -- and pilots may not be able to troubleshoot failures in a timely manner." 1818
The National Institutes of Health (NIH) is the largest clinical research hospital in the country. It’s a government run medical research agency, and about 7,000 scientists work in its research laboratories looking for new ways to improve health and save lives.Next year, more than billion in taxpayer dollars will be spent here to find treatments and cures for the biggest health issues in the country, including heart disease, cancer and Alzheimer’s.Right now, there are about 1,600 research studies in progress.Dr. Larissa Korde is part of one of those studies, working to help find the latest breakthrough in breast cancer.She says the work done at NIH has a proven track record.“Women with her2 positive breast cancer now have numerous effective therapies and tend to live longer than they did before those drugs were evaluated and came to the market,” Dr. Korde explains. “And our research has been involved all along the way.” With each new study, doctors continue to learn more and hope the next discovery will help save more lives. 1112
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