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The Dow fell 460 points Friday as a leading indicator of a US recession and concern about a global slowdown spooked investors.The index shed 1.8%, while the S&P 500 closed down 1.9%. The Nasdaq plunged 2.5%. It was the worst performance for all three major indexes since January 3.The yield on 3-month Treasuries rose above the rate on 10-year Treasuries for the first time since 2007 — a shift that scared Wall Street. Investors have piled back into stocks after a sell-off in late 2018.The flattening yield curve, or the difference between short- and long-term rates, has worried investors for months. A narrowing spread is typically seen as sign that long-term confidence in the economy is waning, which could signal an eventual economic contraction.Friday's flip added to pressure on the Dow that was building before US markets opened.The index stumbled at the bell on poor manufacturing data from Germany, which also spelled trouble for the country's bond market. The yield on Germany's benchmark 10-year government bond fell below zero for the first time since October 2016.All of that news is fueling Wall Street's ongoing concerns about slowing global growth.White House economic adviser Larry Kudlow told CNBC last year that the spread between 3-month and 10-year Treasury yields was important to watch."It's actually not 10s to 2s; it's 10s to 3-month Treasury bills," Kudlow 1402

The House Judiciary Committee will request documents on Monday from President Donald Trump's oldest son, his business and more than 60 individuals in his administration, the panel's chair said Sunday.In an interview with ABC News' "This Week," Rep. Jerry Nadler said the requests for documents are to "begin investigations, to present the case to the American people about obstruction of justice, about corruption and abuse of power."The New York Democrat said the full list of individuals and entities would be released Monday, but he mentioned Donald Trump Jr. and Trump Organization Chief Financial Officer Allen Weisselberg.Nadler also said the list would likely include former White House chief of staff John Kelly and former White House counsel Don McGahn."Impeachment's a long way down the road," said Nadler, whose panel would begin any impeachment process. "We don't have the facts yet, but we're going to initiate the proper investigations."Asked if he thought President Trump had obstructed justice, Nadler replied, "Yes, I do. It's very clear that the President obstructed justice."Since taking power in the wake of November's midterm elections, House Democrats have vowed to investigate Trump's presidency and business as they await the special counsel Robert Mueller investigation's findings.As special counsel Robert Mueller wraps up his Russia probe, federal investigators have focused on conflicting public statements by President Trump and his team that could be seen as an effort to influence witnesses and obstruct justice, people familiar with the investigation told CNN.Critics pointed to the President's firing of then-FBI Director James Comey in 2017 as a potential obstruction of justice, as Trump told NBC News he was thinking about the Russia investigation when he decided to remove Comey.Besides Comey's firing, prosecutors appear to be examining Trump's role in crafting the misleading Air Force One statement in 2017 on the now-infamous June 2016 Trump Tower meeting with Russians attended by Trump Jr.Another episode centers on Trump's attempt to have his then-White House counsel McGahn dispute news reports that he threatened to quit over Trump's pressure to oust Mueller, CNN previously reported.Weisselberg was granted immunity in August by federal prosecutors for providing information on former Trump attorney Michael Cohen's role in hush money payments to women alleging affairs with Trump. He has repeatedly denied having affairs with the women.But Cohen's hearing before the House Judiciary Committee last week piqued congressional Democrats' interest in hearing from Weisselberg, as Cohen said the Trump Organization official had insight into Trump's tax filings. 2716

The man who drove into a crowd of counterprotesters in Charlottesville's "Unite the Right" rally two years ago has pleaded for mercy and asked for a sentence less than life imprisonment in his federal hate crimes case.In a sentencing memorandum filed in federal court Friday, James A. Fields Jr. said the court should not give him a life sentence because of his young age, history of mental illness and childhood trauma, and to show that no one is defined by their worst moments."James did not come to Charlottesville with any plan to commit an act of violence. In the space of only a few minutes, caught in circumstances he did not intend to create, he acted in an aggressive and impulsive manner consistent with his mental health history and his age," the memo reads."In a matter of seconds he caused irreparable harm for which there is no excuse. But this Court can understand his actions, without excusing them, as symptomatic of transient immaturity, and not consider them to be predictive of who he might be in the future with time and medication."The memorandum notes that Fields' grandfather killed his grandmother and then himself, and that his father died in a car accident before Fields was born. His mother was in an accident that left her paraplegic before he was born and raised him as a single mother. The memo also says he has been taking medication since his imprisonment that has controlled his symptoms."No amount of punishment imposed on James can repair the damage he caused to dozens of innocent people. But this Court should find that retribution has limits," the memo states.The memo comes ahead of his sentencing in his federal case, in which he pleaded guilty to 29 hate crimes in order to avoid the death penalty.Fields was 20 when he attended the August 2017 demonstrations in Charlottesville, Virginia, and joined white nationalists, neo-Nazis and other groups opposed to the city's decision to remove a statue of Confederate Gen. Robert E. Lee. During a day of violent clashes in the city, Fields drove his vehicle into a crowd of counterprotesters, killing Heather Heyer, a 32-year-old paralegal.Fields was convicted in state court of first-degree murder and other charges, and the jury recommended a sentence of life in prison. He is due to be sentenced in that case on July 15, Commonwealth's Attorney Joseph Platania said in March. 2377

The California Public Utilities Commission voted Wednesday to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires.The decision came after hearing from the public on the many hardships the blackouts caused for residents.The state's largest utility, Pacific Gas & Electric Co., initiated multiple rounds of shut-offs and plunged nearly 2-point-5 million people into darkness throughout northern and central California.Some of the outages lasted for several days.PG&E officials insisted on the shut-offs for public safety, but infuriated residents and a parade of public officials.Southern California Edison and San Diego Gas and Electric also shut off power but to far fewer people.The outages raised concerns about whether the utilities properly balanced the need to provide reliable service with public safety and were properly planned and executed.CPUC President Marybel Batjer ordered the investigation last month and the five-member commission gave its approval given the public frustration.The outages were astonishing for a state that is one of the economic powerhouses in the world.People made frantic dashes for cash and gas as businesses watched their goods spoil.Some elderly and disabled people were trapped in their apartments with elevators out of service.PG&E initiated five rounds of blackouts, with the smallest affecting about 30,000 people and the largest affecting nearly 2.5 million.Residents in San Francisco suburbs and in Northern California wine country were without power for days.Bill Johnson, CEO of Pacific Gas & Electric, said the outages were the right call and kept people safe, although a transmission line in Sonoma County that was not powered off malfunctioned minutes before a wildfire erupted last month, forcing about 180 thousand people to evacuate.The company is in bankruptcy and faces 30 billion dollars in liabilities after its equipment was found to have started several deadly wildfires in 2017 and 2018, including the year-old Camp Fire that killed 85 in Paradise. 2142

The New South Wales government in Australia is now using cameras installed on roads to catch drivers illegally using the phone.Now, there's one state in the U.S. that's trying to make that happen here.There's a councilmember in Montgomery County, Maryland, that wants permission from the state to install these cameras. You can really see everything that's happening in the front seats of cars with these cameras — and that brings up some concerns from groups like the ACLU."One issue is that there will be false positives, there will be photographs where it looks like the person is using their cellphone or on the phone when they're actually not," says Jay Stanley, a senior policy analyst with the ACLU. "So everybody will be susceptible to that, there will be ambiguous photographs that police officers will have to look at and decide whether to issue a ticket."AAA also brings up a concern over children in the car being photographed and adds there may also be problems surrounding artificial intelligence. With these cameras, it's up to the computer to decipher if a driver is using their phone and that could lead to problems in places where phones are allowed to be used for GPS purposes but not texting or phone calls.AAA says there are other options. They suggest that places like Maryland stick to enforcement that has been successful in the past."But people, when they are distracted, it's as easy to discern as a person who's driving impaired because they have the same type of driving behavior," says John Townsend with AAA. "And when it comes to distracted driving, the person's eyes are not on the roadway. You can easily detect that."As for the county in Maryland, the council will begin debating the use of cameras in January and, if passed, it'll be the first program of its kind in the United States. 1837