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A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.Daniel Pinto, JPMorgan's co-president, said during an interview on Bloomberg Television Thursday that he believes market gains should continue for the next year or two. But he added that investors are nervous, and that the recent announcement about tariffs and trade wars contribute to their unease."Markets are going to be nervous, nervous about anything. Nervous about anything that relates to inflation, nervous about anything that relates to growth," he said. "These tariffs, if they go a lot beyond what has been announced, it is something that will concern the markets about future growth."He said it's normal for there to be a correction at the end of an investing cycle, and that markets could be heading for a "deep correction" of between 20% and 40%, depending upon the market values at the time the downturn starts."We know there will be correction at some point," he said.Related: Wall Street is on edge about tariffsThe markets briefly fell into correction territory last month as the the Dow Jones industrial average plummeted more than 3,200 points, or 12%, in just two weeks. The market then rallied from those lows, and the S&P 500 and Dow both ended February up for the year.But so far this month, concerns about a possible trade war and the departure of former Goldman Sachs executive Gary Cohn as President Donald Trump's chief economic adviser roiled markets once again.Related: Trump's tariff bombshell - Catch up herePinto oversees corporate and investment banking at JPMorgan Chase, the nation's largest bank. In January he was promoted to co-president and co-chief operating officer, setting him up as one of the two leading contenders to be the next CEO when Jamie Dimon retires. Dimon has said he intends to stay in place until at least 2023, though.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1987
A Phoenix father is accused of using frozen hot dogs to reduce swelling to the legs and backside of his 2-year-old son after he'd abused him.Phoenix police report that on Tuesday they arrested 23-year-old Joshua Junior Rodriguez for child abuse that he allegedly inflicted upon his 2-year-old son on Oct. 11.Police say that after an argument, the boy's mother was packing a bag to leave when she heard "whipping sounds" coming from the garage. When she looked in, she reportedly saw Rodriguez striking their son on the bottom with a strap from a duffel bag.She grabbed the boy away from him and went into the house. However, Rodriguez pushed her away and grabbed the boy again, taking him to the bedroom, removing his diaper and continuing to strike him on the butt.Police say Rodriguez then threw him on the bed and spanked him 23 times, before taking him into the showers where he struck him again when the boy tried to get out.After seeing the injuries he inflicted, Rodriguez allegedly placed a package of frozen hot dogs on his butt to reduce the swelling.He reportedly told the child’s mother, "You're going to get me for child abuse, huh?" He would not allow her to leave home until she agreed not to call the police.During his emotional initial Court appearance, Rodriguez claimed, "these are all false allegations."Police say the boy suffered "extensive bruising" and scratches. 1410

A Massachusetts man has been charged after Donald Trump Jr.'s family and others received threatening letters with suspicious powder last month, the US attorney for Massachusetts announced Thursday.The criminal complaint filed by US attorney Andrew Lelling's office said Daniel Frisiello, 24, was charged with five counts of mailing a threat and five counts of false information and hoaxes. The announcement said Frisiello was arrested Thursday morning and is scheduled to appear in federal court in the afternoon.The complaint said investigators were able to identify Frisiello by tracing a glitter bomb he ordered with his name to one of the people who also received the suspicious powder. 704
A trip to the grocery store can be a difficult and stressful outing for a senior. So, two high schoolers from Maryland jumped in to help their own neighbors, and now their idea is spreading across the nation.The students, just 15 and 16 years old, are coordinating hundreds of free grocery deliveries for seniors in need during the pandemic.“We’ve learned there’s a huge problem, unfortunately, when it comes to senior hunger,” said Matthew Casertano.Casertano and his friend, Dhruv Pai, started by making grocery deliveries to their own grandparents.“I saw the fear in their eyes every time they went to the grocery store,” said Pai. “There was a trade-off they had to make between the necessities and their personal safety that I wanted to avoid at all costs.”“We knew we couldn’t rely on the goodwill of people wearing masks, keeping social distancing, so we had to do the shopping,” said Casertano.Then, one afternoon on the carpool ride home, the teens had an idea. “We thought, ‘What about people who don’t have grandchildren who can’t do the shopping for them?’” said Casertano.That’s when they started Teens Helping Seniors, where any senior in need can email a grocery list for teens to pick up at the store.“We will coordinate a volunteer in their area who can service that request in a one to two-day turnaround,” said Pai.The teens do all the shopping, and then drop off and sanitize each order. It’s a simple favor that means so much to those they help.“I thank you, and I thank God for you, for making such a unique individual as every human being is, but you’re showing it, you’re showing your heart,” said Marie Cavill, a senior who fractured her back during the pandemic. Cavill has physically been unable to leave her home, but she is also frightened to go out and risk a possible COVID-19 exposure.The teens said they were shocked by how many volunteers this program now has. They have 26 chapters in the United States and one chapter in Canada, with more than 600 volunteers. Because of its immense success, the group is now helping with more than just groceries.“Now, we cover things like mental health support for seniors suffering from the after-effects of isolation,” said Pai.It’s simple things like calling to say hello or leaving an unexpected box of cookies with an order that’s bringing generations together.“Despite this huge gap in who we are and what we have in common, we’re still able to help each other through this pandemic, and that’s something my own grandmother taught me at a very young age—is to always help strangers,” said Pai.“They are showing what our young adults and teenagers have the capacity to do,” said Cavill.If you’d like to send in a grocery list or learn how to volunteer, visit TeensHelpingSeniors.org. 2767
A Virginia woman's exercise of free speech cost her a job and healthcare coverage. But she says anonymous friends online have helped lift her "heavy burdens."Juli Briskman was fired from her job on Oct. 31 after a photo of her flipping off President Trump's motorcade while riding a bicycle went viral.Last week, after the story of Briskman's termination made national news, a GoFundMe page was set up by someone who described her as "an inspiration to us all." 479
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