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The coronavirus has had an impact on factories and shipments moving goods from China to the United States. Due to the coronavirus, some have expressed concern over whether the imports of wedding gowns and bridesmaid dresses could be disrupted. The American Bridal and Prom Industry Association told CNN that nearly 80% of the western-style wedding dresses produced worldwide are made in China. This has caused some consumers to put in their orders early, adding pressure to the supply chain. "They are loading up because everyone is really worried about a shortage in the summer," Stephen Lang, owner of Mon Cheri Bridals, told 640

The House will vote Tuesday on a resolution allowing the House Judiciary Committee -- and other House panels in the future -- to enforce its subpoenas in the courts, though House Democrats aren't yet holding those who have defied subpoenas in contempt of Congress.The vote comes a day after House Judiciary Chairman Jerry Nadler announced he had struck a deal with the Justice Department to provide some documents from the Mueller report to the Judiciary Committee.The resolution includes language authorizing the Judiciary panel to go to court to force Attorney General William Barr and former White House counsel Don McGahn to comply with their subpoenas, but Monday's agreement means that Nadler won't take any court action against Barr -- at least for now.And the House is not moving forward with a criminal contempt citation against either Barr or McGahn, as the resolution is only focused on civil court action to enforce House subpoenas.In addition to the subpoenas for Barr and McGahn, the resolution also authorizes the House to sue to obtain grand jury information from the Mueller report, which requires a court order to release. It also includes language empowering committees to go to court to enforce subpoenas in the future while bypassing a floor vote, a potential prelude to more litigation pitting the Trump administration against House Democrats.Already, the House is fighting a number of lawsuits against the Trump administration as well as the Trump Organization, including related to the Affordable Care Act, Trump's border wall and subpoenas to banks and accounting firms.House Democratic aides expect that the House will move swiftly to go to court to try to force McGahn to testify after he skipped an appearance under subpoena last month."It is true that fact witnesses have been ordered by the White House not to appear before this committee, but we'll get them," Nadler said Monday.While Nadler said Monday he would not take court action against Barr so long as the Justice Department acted in "good faith," he also did not rule out doing so in the future if the Justice Department stopped cooperating."I am pleased that we have reached an agreement to review at least some of the evidence underlying the Mueller report -- including interview notes, first-hand accounts of misconduct, and other critical evidence -- and that this material will be made available without delay to members on both sides of the aisle," Nadler said. "As a result, I see no need to resort to the criminal contempt statute to enforce our April 19 subpoena, at least for now, so long as the Department upholds its end of the bargain."But even before Nadler had struck the agreement with the Justice Department, the House had not planned to pursue criminal contempt of Congress on the House floor, as the resolution introduced last week only referenced the court action, which is known colloquially as "civil contempt."After Nadler agreed last month to narrow the scope of his subpoena -- which initially asked for the unredacted Mueller report and all of the special counsel's evidence -- the Justice Department had said it could negotiate with the panel so long as contempt did not move forward.A Justice Department official said the department views Tuesday's vote as only dealing with court action, and not related to contempt.But more contempt fights -- and likely lawsuits -- are looming. House Oversight Chairman Elijah Cummings announced Monday evening that his committee would vote Wednesday to hold Barr and Commerce Secretary Wilbur Ross in contempt of Congress over that panel's subpoenas in its investigation into adding a citizenship question on the 2020 Census. 3691

The House Judiciary Committee is prepared to vote next week on a resolution laying out the procedures for its investigation now that it is actively considering moving to impeach President Donald Trump, a major step toward formalizing its sweeping probe, according to multiple sources familiar with the effort.The vote, which is expected to occur on Wednesday, will lay out the ground rules for conducting hearings now that the committee has publicly announced it is considering recommending articles of impeachment against Trump. It is expected to follow the precedent set in 1974 over the committee's procedures during then-President Richard Nixon's impeachment proceedings.Sources told CNN on Friday that the resolution is expected to spell out that Chairman Jerry Nadler, a New York Democrat, has the authority to call hearings at either the full committee or subcommittee level in connection with its impeachment deliberations.The resolution, sources say, is expected to make clear that future House Judiciary hearings can be conducted in ways different from most congressional hearings since the panel is considering impeachment. For instance, the resolution is expected to authorize committee staff counsels to question witnesses, something that is typically not done at congressional hearings.The resolution also will spell out how secret grand jury information can be reviewed in classified sessions. And it will say that the President's counsel can respond in writing to the committee.The exact legislative language is still being drafted and could be introduced as soon as Monday. The committee Democrats discussed the matter on a Friday conference call, 1677

The Democrats will not be debating on Fox News this year.The Democratic National Committee said Wednesday that "Fox News will not serve as a media partner for the 2020 Democratic primary debates."The organization cited recent reporting in 251

The coronavirus pandemic has sent the U.S. financial markets on a downward spiral. Last week, in just one day, the Dow Jones Industrial saw a 13 percent drop; it’s single biggest drop ever. “A lot of people are scared,” said Kelly Lannan with Fidelity Investments. “They don’t quite know what they are seeing, especially the average investor who is not following day to day.”Lannan explained most people looking at their 401k accounts are worried but advises people to put their market fears and emotions aside. “Market volatility can really be nerve-racking,” Lannan explained. “We get it from Fidelity investments perspective, and more importantly, we are here to help.”Fidelity is advising the best move right now may be no move at all. Referencing social media posts with the phase “don’t touch your face, don’t touch your 401k,” she explains most investors shouldn’t panic and divest their stocks during the economic downturn during the COVID-19 pandemic.“The most important thing to say, and I know this is really hard to hear, is not to panic,” Lannan explained. “This is a part of life, and the important thing to note, as we saw in 2008, is these downturns are usually followed by a recovery.”Not divesting doesn’t mean ignoring your investments and portfolio. In fact, Lannan believes those concerned about their portfolios and 401k’s should use this time to get more familiar with their investment plan and goals. She recommends a few steps in that review process: · Step One: Understand where you have your money by taking a look at your asset allocation and assess if it aligns with your age and your time horizon. If it does not, start making a plan to restructure your investments when the market starts to recover. · Step Two: Assess whether you have a diversified investment strategy. Diversification helps to soften the impact during market downturns. For those who have an employer sponsored retirement plan, you can reach out to your plan sponsor and ask question or get guidance on this. · Step Three: Take a look at your emergency fund. Fidelity recommends having three to six months of your essential expenses in savings. If you don’t have that and are concerned with possible unemployment due to the economic downturn, start to assess which investments you could move money from. Making a move, in terms of selling off your stocks, may not be the best decision now. However, better understanding your investment portfolio may help you make a better investment decision when the markets recover or even calm your concerns as they struggle during this downturn. “We know from behavioral finance that people make really, really bad decisions when they panic,” said Robert Stammers with the Charter Financial Analyst Institute. The CFA also recommends most invested in the stock market should hold off on divesting, especially if they have a long-term investment strategy. “If they do sell they’re going to be selling in a bad market,” Stammer explained. “They’re basically going to be doing what people tell you not to do, which is sell low and buy high, when the market comes back.”Historically, the market always rebounds. In 2008, it took five years, and in 2015 the market bounced back in about 13 months. Stammer pointed out, even with major downswings, overtime, those who stay invested still see an annual eight to nine percent return on average. “People did not think we’re going to get through the 2008 crisis,” Stammer said. “More than 60 percent said, ‘that’s it, this is never coming back, it is never going to be like this again.’ Then, after it did come back, the return on the market was like 17 percent.”The “stay the course” advice applies to mostly those with time to wait out the market. However, if you are closer to retirement, or in it, both Stammer and Lannan suggest you may want to get individual advice from a financial professional. When seeking help from a financial professional, it is wise to ask if that professional is a fiduciary, which is a financial advisor legally required to put your interest over theirs. Unfortunately, during economic downturns emotional investors are often easy targets for scammers or individuals selling financial instruments acting as financial advisors. The CFA has a 4263