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Stock market volatility is back in a big way: The Dow is set for a big rally Friday after a two-day meltdown.Dow futures pointed to a 350-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%.Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some of investors' fears about another trade war escalation. On Friday, China reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summerEarnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected banks to post another incredibly profitable quarter — and JPMorgan managed to beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday looked to regain some of their losses. Facebook (FB) rose 1%, Amazon (AMZN) was up 3%, Apple (AAPL) rose 2%, Netflix (NFLX) was up 4% and Google (GOOGL) bounced back 2%.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits.The VIX volatility index touched its highest level since February.The-CNN-Wire 2531
Stark similarities between a San Francisco brewery's beer can and the iconic soft drink cups used at In-N-Out prompted the burger chain to issue a cease and desist letter, though not without some light-hearted humor.Seven Stills Brewing recently crafted a new Neapolitan-style beer called "In-N-Stout," wrapped in a design resembling the much-loved burger chain's cup featuring palm trees and its signature yellow arrow.The resemblance is uncanny. So much so that it forced the burger chain to respond with a letter, politely asking the brewery to ditch the can.The brewery posted the pun-laden letter on Instagram, with the caption, "We count 9. Can you find them all?""Based on your use of our marks, we felt obligated to hop to action in order to prevent further issues from brewing," In-N-Out wrote. "We hope you appreciate, however, that we are attempting to clearly distill our rights by crafting an amicable approach with you, rather than barrel through this."We look forward to resolving this in good spirits," the letter ends.It's not the first time the brewery has taken inspiration from a popular brand. Seven Stills also brews a beer called "Rod and Reel," with a can featuring little fish resemble a "Swedish Fish" gummy candy wrapper.It's also not the first time in recent months In-N-Out has been forced to take action for its brand. The chain brought a lawsuit against Australian restaurant "Down N' Out" in April, claiming the restaurant misleads customers by passing off its product as similar to In-N-Out. 1552
STUART, Fla. - A Martin County woman is turning 90 years old this week and got a huge surprise to help her celebrate the milestone.She has some of the best stories you'll hear, and her impact on the community makes her a treasured part of Martin County's history.Evelyn Deggeller thought she was going to a formal event at a SkyBlue Jet Aviation hangar at Witham Field Thursday, but her friend, Suzanne Deuser, had a big surprise planned.Deggeller, who once owned a plane and has a pilot's license, was treated to an hour-long flight from SkyBlue Jet Aviation to Jupiter and back.When she landed, a brass band was waiting for her, along with friends, family and city and county leaders."This is all for you," Deuser told Deggeller. "I sure did not expect this," Deggeller said.Deggeller has lived a story-book worthy life that has been centered around bringing other people joy.She and her father performed magic as a traveling duo across the country. WPTV Evelyn Deggeller of Stuart used to travel across the U.S. performing magic with her father and owned exotic animals. "I did what they call stage magic. No cards, nothing up close. It was all big pieces that were on stage," Deggeller said.She recalled pulling live rabbits out of hats."The best thing I do now is making money disappear," she laughed.She owned a chimpanzee and an elephant named Dixie, who gave her a lot of laughs. One time, she said Dixie was caught eating the neighbor's flowers. She could grab Dixie by the ear and walk her home.But her local claim to fame came in 1959 when she helped re-start the Martin County fair."The fair had been on before, but the war came, and everything was changed. After the war, they wanted to start up again," Deggeller said.She was just the woman to do it.Deggeller built a career supplying county and state fairs with rides and attractions and food stands.She has also been a part of charitable service organizations in Stuart, including Soroptimist International of Stuart.She holds keys to numerous cities, and Stuart Vice Mayor Eula Clarke presented her Thursday with Stuart's key to the city."I've enjoyed everything that I've been fortunate enough to do," Deggeller said.The celebration was just one more memory to take with her into her next decade."I'm shooting for 100. I don't know if I'll make it anyway, but I'm shooting for 100," Deggeller said.She says she has lived her life by "going with the flow."Of all of her experiences, she said her best years were the ones spent with her husband of more than 50 years.This story was first reported by Meghan McRoberts at WPTV in West Palm Beach, Florida. 2668
TAMPA, Fla. -- Business is booming at the Florida Gun Show at the Florida State Fairgrounds. But as doors open there is a buzz in the air over the possibility of stricter gun laws.In response to the Parkland school shooting, Florida Gov. Rick Scott says no to bump stocks, no guns for the mentally ill and yes to raising the age you can buy legally buy one.You won’t find an AR-15 ban or extended background checks in Scott's plan. But in a break from the National Rifle Association, of which Scott is a member, he does not want to arm teachers.At the gun show, Scripps station WFTS in Tampa found a split in support from his own constituents.“Change needs to happen and I don’t see why not try something," said Jason Walker said, long-time gun owner and an Air Force member.When it comes to Scott's plan, Walker said he supports it overall.Eric Oyola on the other hand said he does not. He is the owner of Class 3 Outbreak, a gun manufacturer."I think the laws that we have in place right now are good enough to prevent any crime," said Oyola. “They’re just taking the rights from the law abiding citizens for people that are going to do it anyways.”Oyola is talking about the bump stock ban. As an AR-15 dealer, he especially rebuffs any plans that would target these types of guns. No worries for him under Scott’s proposal. The governor also rejects banning them.Scott does, however, want to raise the age you can buy from 18 to 21-years-old.“If you can fight for your country, come home and not be able to have an AR-15 or even buy a rifle, I think it’s not fair," Oyola said.“I don’t believe you should be able to buy a long gun at age 18," said Walker.Sen. Bill Nelson (D-Fla.) said believes without an AR-15 ban the proposal does not have any teeth.“It’s a step in the right direction, but it doesn’t get at the core problem of how you are going to stop a person with an assault weapon of walking into a crowded place," Sen. Nelson said.What about Scott’s plan to keep guns out of the hands of the mentally ill?“It’s going to be a hard thing to do because people at any time can flip out whether they are under the radar or not," said Walker.Neither Walker nor Oyola are convinced it will work. What about the so-called gun show loophole where private sellers aren’t required to conduct a background check?“Absolutely, everybody should have a background check," said Walker.“I’m a licensed dealer," said Oyola, "If you can’t pass a gun background check, you shouldn’t have a gun.”A consensus? Still, background checks aren’t in Scott’s plan either. The governor is also calling for a 0 million plan to increase school security. It includes placing police officers in every school in the state. Plus, hiring more mental health professionals.The Florida House and Senate have until the end of session on March 9 to pass any new gun legislation. 2891
TEMPE, Ariz. — It's a huge breakthrough for the highly contagious and deadly norovirus as researchers at the Arizona State University’s Biodesign Institute have come up with a vaccine made from plants.The norovirus is known as the perfect human pathogen. It can have you feeling awful for days, but researchers at ASU say a form of the tobacco plant may be the key to a vaccine.Also known as the cruise ship illness, norovirus hits nearly 20 million Americans every year. According to Andy Diamos, a post-doctoral researcher at ASU, the average person has the stomach bug five times in their life.“Norovirus is a horrible bug to get,” said Diamos. “It causes vomiting, diarrhea, all sorts of nasty stuff.”There is no vaccine for the highly contagious bug because it's notoriously difficult to produce in a lab, until now, thanks to Diamos and Hugh Mason with the Biodesign Center.“Genetic engineering has allowed us to design systems like plants to produce useful things like vaccines,” said Diamos.By using a form of the tobacco plant, researchers discovered that a harmless bacteria would help grow a norovirus vaccine when the proper genes are transferred to the leaves.“You can basically put in whatever genes you want and transfer those to the plant, so that's how we get the plant to make the vaccine,” said Diamos.According to Diamos, real viruses are surrounded by a shell that protects its genes. The vaccine that grows inside the tobacco plant is essentially that shell without the harmful insides.“If you give that to someone as a vaccine, it looks just like the real virus, but there is nothing on the inside,” said Diamos. “It can't cause disease; it can't actually infect you.”That's what makes these plant-based vaccines safe and effective.“One of the main reasons why we're focusing on plants is because they're so cheap to work with. These vaccines will hopefully be much cheaper to produce than traditional methods,” said Diamos.Many discoveries from ASU researchers hit the market, this one could too, but it needs further study and would eventually need to be picked up by a pharmaceutical company which could take years. 2154