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WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018

Walmart has removed about 1,000 third-party items from its website in the wake of two mass shootings after determining the products violate company policy, a company spokesperson told CNN Tuesday.The retail giant regularly reviews its 75 million online offerings, looking for items that violate its ban on merchandise that glorifies violence, the company said. A recent review focused on gun-related items after 31 people were killed in mass shootings in El Paso, Texas, and Dayton, Ohio, earlier this month. The products were removed over the last week, the spokesperson said.The retailer has been facing pressure to remove firearms from its physical stores and criticized for selling pro-gun T-shirts on its e-commerce site.Last week, Walmart pulled displays of violent video games in its stores. But that policy change does not apply to the sale of controversial video games nor to the sale and display of firearms.At least 31 people were killed in separate shootings earlier this month in an El Paso Walmart and outside a strip of entertainment venues in Dayton. The Dayton shooter was killed by police within 30 seconds of opening fire.The 21-year-old suspect in the El Paso shooting surrendered to police on the day of the attack. He told police he was targeting Mexicans, according to an arrest affidavit.The El Paso shooting came a week after a disgruntled Walmart employee killed two co-workers and wounded an officer at a Southaven, Mississippi store. Walmart's CEO Doug McMillon said that the company will respond in a "thoughtful and deliberate" way to both shootings. 1592

While beautiful spring temperatures have settled into the Plains and Midwest, folks there shouldn't get used to it. There's a storm on the way that's going to remind Midwesterners that winter's never over till it's over.The potential is there for a "bomb cyclone" to impact the Plains this week. That's an area of low pressure that drops 24 millibars in 24 hours -- aka a potent, rapidly intensifying storm system.This would be the second time in less than a month a storm of this magnitude has developed in the Plains. It's rare enough to have one form inland, much less two.Typically we see "bomb cyclones" form off the US East Coast in the form of nor'easters.Right now the forecast models have the storm teetering on the edge of bomb-cyclone criteria. Either way, this storm is forecast to unleash a variety of wild weather this week.Blizzard conditions likely for manyThis powerful storm is forecast to develop Tuesday in the Rockies, where it will rapidly intensify and bring blizzard conditions to the Plains on Wednesday.Overnight temperatures in the Plains will drop nearly 40 degrees in just 12 hours, including in Denver -- which is expecting a high of 80 degrees Tuesday and blizzard conditions by Wednesday night.Winter storm warnings and watches stretch from the Rockies to the Great Lakes.There are blizzard warnings for almost 4 million people from eastern Colorado to southwestern Minnesota. Up to 2 feet of snow will be possible with wind gusts of 45-55 mph across South Dakota and Nebraska, along with white-out conditions.A potentially historic winter stormThursday the storm will reach the Midwest, bringing with it the heavy snow and wind. A foot of snow is possible for places like Minneapolis, where forecasters are calling for "a potentially historic winter storm."Winds will gust up to 45mph.While an April snowstorm seems like a punch in the gut, April snowstorms do happen. 1914

VATICAN CITY — A Vatican spokesman has confirmed the walled city-state's first case of COVID-19. Spokesman Matteo Bruni said Friday that a health clinic used by Vatican employees and their families has been closed for sanitizing. A Vatican official was put into a protective quarantine after a priest from France's Catholic church in Rome tested positive for the virus. The Vatican Apostolic Library says it plans to stay closed next week as a precaution. Pope Francis has been under the weather for over a week, but the Vatican has said it's nothing more than a cold. The 83-year-old lost part of a lung to a respiratory illness when he was a young man. 666

We can't let it go, let it go.Disney released a new trailer for the "Frozen" sequel Monday and it looks suitably frosty -- and packed with adventure.This time around Anna, Queen Elsa, Kristoff and Olaf set out to find the origin of Elsa's powers, which they'll need to do to save their kingdom from evil.Along the way they must battle a mysterious storm, massive ocean waves, an array of monsters and other forces that threaten our favorite characters.Fans have eagerly been awaiting the followup to the smash 2013 animated movie, which raked in more than .27 billion at the worldwide box office.The first trailer for the new movie 646