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The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue-chip giants.The Dow fell 600 points by late afternoon, or 2.6%. The S&P 500 lost 2.6% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged about 7% so far this December.The Dow closed down 507 points for the day.And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a 20% decline from the record highs notched in late August.A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets."Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."The political noise in Washington isn't helping either. President Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets."If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.Perez added that the recent market turmoil is justified because investors are readjusting to this fact."We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue." 2247

The walk to school turned terrifying for a Rochester, Michigan teen who says he was shot at after he stopped to ask for directions.Fourteen-year-old Brennan Walker missed the bus and tried to walk to school, but got lost after he couldn't remember the route.The freshman wasn't hit, as the shot missed him as he ran away.The situation began when Walker's alarm didn't go off. After missing his bus, he thought he could walk the roughly 4 miles to school.Once he became lost, he stopped at a home and knocked."I knocked on her door a few times and she came down yelling at me before I could say anything and she thought I was trying to break into her house," he said. "I was trying to explain to her that I wanted to get directions to go to my school. I told her no, I go to Rochester High I’m just looking for directions to Rochester High."Walker and his mother, Lisa, say the security video from the home shows the woman then yelled for her husband."The man of the house came down, pretty much just grabbed the shotgun to shoot at my son," says Lisa Walker."I saw it. I saw him holding it like this through the window and I guess I put my hand up, I don’t really remember, and I started to run," Brennan Walker says. "I looked back behind me I saw him aiming at me and I turned back. I turned back and I heard the gunshot. And I tried to run faster."The man has been taken into police custody."If someone is running from your house and chase them outside and shoot at them, you’re going to have criminal charges coming from us," Oakland County Sheriff Michael Bouchard said.Both Walker and his mother believe race was a factor in the incident."After watching the video and hearing the wife say 'why did these people choose my house' I knew it was racially motivated. I don't know what other these people she could possible have been talking about. He was by himself," Lisa Walker said."I didn’t want to believe that that type of stuff could happen here," said Brennan, who said he is just trying to process the shock of what happened."I don't, I don't know how you process getting shot at for asking for directions," he says. 2159

The United States State Department has lifted a worldwide Level 4 travel advisory which had been in place since the spring amid the spread of the coronavirus.A Level 4 advisory is the highest alert level at the State Department, which warns travelers of life-threatening risks.The State Department still has a number of Level 4 advisories across the globe, including neighboring Mexico.The change in status, however, might not have much impact on travelers as many countries have placed strict limits on non-essential travel from the United States. And with the United States still leading the world in coronavirus cases and deaths, Americans ability to travel internationally is expected to be limited for months to come. 730

The suspect who opened fire during a Madden video game tournament in Jacksonville, Florida, on Sunday actively targeted other gamers in his shooting spree, Sheriff Mike Williams said.David Katz, a 24-year-old gamer from Baltimore, Maryland, was in town for the tournament at GLHF Game Bar at the Jacksonville Landing, a downtown shopping and dining complex. He walked past patrons in other parts of the restaurant and then opened fire on his fellow competitive gamers before killing himself, Williams said.The shooting left two people dead, 10 injured from gunshots and one person with a non-gunshot injury, Williams said. All of the injured are expected to survive, he said."As bad as this is, it could have been much worse," Williams said. 749

The U.S. reported yet another daily high mark for newly reported cases of COVID-19 on Thursday with nearly 188,000, according to a database kept by Johns Hopkins University.The U.S. reported at least 187,833 positive COVID-19 tests on Thursday, breaking the all-time record of 177,224 that was set six days prior, on Nov. 13.Thursday marked the eighth time in November that the U.S. broke the daily record for newly reported cases as the COVID-19 continues to spread across the country. About 2.5 million people in the U.S. have contracted the virus since the start of November.The spike in cases has led to all-time highs in hospitalizations linked to the virus. The COVID Tracking Project reports that more than 80,000 people are currently hospitalized with the virus across the country — an all-time record that surpasses even the early portions of the pandemic. According to the COVID Tracking Project, 71% of those hospitalizations occur in the Midwest and South, leading to many rural hospitals running short on resources. Some states like South Dakota and Iowa say their hospitals are at their breaking points.Thursday also saw reports of 2,000 deaths linked to the virus — the first time the U.S. has seen that many reported deaths in a single day since May 6. Since Oct. 17, daily deaths linked to COVID-19 on a seven-day rolling average have nearly doubled from about 700 a day to more than 1,300 a day. The continued spike comes amid a rash of promising news in the hope for a COVID-19 vaccine. On Friday, Pfizer announced that it had filed for Emergency Use Authorization for its vaccine candidate, two days after initial studies showed it to be 95% effective in large-scale trials. Several other drugmakers have also reported that their vaccines are on the precipice of authorization.However, health experts warn that the U.S. is in for a rough few months. Vaccines will initially need to be rationed for people in high-risk populations and health care workers. Dr. Anthony Fauci has said he believes vaccines won't be widely available until April. 2075

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