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Wall Street is worried about a trade war.The Dow dropped 420 points on Thursday after President Trump said his administration will impose tariffs on steel and aluminum imports. The Nasdaq and the S&P 500 declined 1.3% apiece.Trump's controversial tariff announcement caught investors off guard and immediately raised concerns about retaliation from China or other major U.S. trading partners."This is the first shot across the bow over a trade war," said Art Hogan, chief market strategist at B. Riley FBR. "And nobody wins a trade war."Trump said his administration would impose a 25% tariff on steel imports and a 10% tariff on aluminum. It was not immediately clear whether Trump would exempt some countries from the tariffs, as his national security advisers have urged him to do to avoid hurting U.S. allies.Corporate America has warned Trump that tariffs could backfire. Last month, the Business Roundtable warned of the risk of "foreign retaliation" that would "harm the U.S. economy."Investors will be looking to see how U.S. trading partners react to the tariffs.Beyond worries about retaliation, the tariff news drove concerns about rising costs for companies that rely heavily on aluminum and steel, like auto and plane makers. Imports make up about a third of the steel American businesses use every year, and more than 90% of aluminum used here. Shares of Boeing fell 3% General Motors dipped 4%, and Ford dropped 3%.Related: NY Fed chief: Tariffs risk 'trade war'If the tariffs result in higher prices on steel and aluminum, companies that rely on those products may pass on some of the costs to consumers. That raises the specter of creeping inflation."This clearly will [lead to] higher prices in the production chain, which is part of the inflation path," said Quincy Krosby, chief market strategist at Prudential Financial.The timing of the tariff news surprised Wall Street. A formal announcement was expected at some point Thursday, but then it was called off. Later, Trump mentioned his tariff plans in a hastily arranged listening session with steel and aluminum executives. And he didn't provide crucial details, such as whether certain countries will be exempted.Concerns about trade come at an already shaky time on Wall Street. The S&P 500 and Dow fell about 4% in February, their worst month in two years. Fears about inflation and soaring bond yields caused a surge in volatility, including two 1,000-point plunges for the Dow.The market had come back as investors focused on the strong economy and booming corporate profits. But stocks fell sharply again on Tuesday and Wednesday, putting the Dow is back in negative territory for the year.Turbulence has picked up as well. The VIX volatility index spiked 15% on Thursday. Selling pressure will climb as volatility increases, Krosby said.At least two corners of the stock market cheered Trump's tariff announcement. U.S. Steel and AK Steel soared 6% and 10%, respectively.Century Aluminum also spiked 7%. Another major aluminum maker, Alcoa, gained 1%.Trump's tariff moves could force investors to confront another trade issue: NAFTA. Trump has repeatedly threatened to tear up this major trade deal with Canada and Mexico. Talks to renegotiate NAFTA, a major piece of the U.S. economy, have so far failed to produce a solution."It sets off the protectionist fears that had been lying dormant," said Hogan.— CNN's Jeremy Diamond contributed to this report.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3547

VIDEO: I asked President Trump to cite specific evidence as to why mail-in ballots are fraudulent. I told him I covered politics for 5 years in Colorado (an all mail-in ballot state) and never heard @SenCoryGardner complain once. #copolitics @DenverChannel @KOAA pic.twitter.com/AebXDaDf4f— Joe St. George (@JoeStGeorge) June 22, 2020 348

VISTA, Calif. (KGTV) - A local couple is defending themselves after having their claims questioned following the release of new surveillance video showing a man allegedly trying to snatch a toddler from their car in a Vista Costco parking lot last weekend.The surveillance video released Thursday night shows 37-year-old Adam Glavinic walking up to the driver's side of the parent’s white SUV. The SUV begins slowly backing out of the stall, and that is when Glavinic reaches for the rear passenger door handle. Glavinic is shown opening the door then quickly shutting it and stepping away as a woman gets out the driver’s seat to confront him. Glavinic doesn't appear to reach inside to grab the boy who was in the backseat, according to his parents.“There's way more to this story that people don't know,” said mother Jennifer Lawson on Friday. She said that she and her fiancé are taking heat from the public after describing the encounter differently from what the video reveals. “We didn't lie. We were told that from everybody who was seeing the incident that he did touch our kid. He did reach his hand in the car. So, that's what we went off of. I didn't see [it] because I jumped out of the car as soon as I saw that guy open up the door,” she told ABC10 News.Earlier this week before the video came out, the couple said the man tried to pull their boy out of his car seat.Glavinic was arrested for attempted kidnapping and being under the influence.In response to community outrage over Glavinic posting bail and getting out of jail the next day, the San Diego County Sheriff's Department published the video in hopes of alleviating concern.The sheriff's office said that, based on the video and other evidence, "the Vista Sheriff's Station believes there is no ongoing threat or danger to our community's children related to this incident."When asked if Glavinic should still be charged, Lawson replied, “I'm not sure. I don't know his intentions. I didn’t know if he was going to kidnap my kid or hurt him. All I know is that it was terrifying and I was scared for my kid's life, safety [and] everything.”The case has been referred to the DA's Office, which is reviewing it. No decision has been made about whether to file charges. 2251

Walmart says it is expanding its hours at more than 4,000 stores.The retail giant said by August 17, 4,000 of its 4,700 stores will close at 10 p.m. to give customers more time to shop.We’re expanding many Walmart store closing times from 8:30 p.m. to 10 p.m. Expanding our hours of operations provides customers with greater options to shop food, medicine and supplies. https://t.co/n5Dmzp7Kh7 pic.twitter.com/0qLBiey4Ax— Walmart Inc. (@WalmartInc) August 14, 2020 "We’ll continue assessing our remaining stores to determine the right time to expand their closing hours," a spokesperson said in a statement to E.W. Scripps. "With this change, we will continue the health and safety measures currently in place, such as social distancing, health screenings, plastic barriers at the registers and masks."In March, store hours had been shortened due to the coronavirus pandemic. 884

WASHINGTON — The Supreme Court sounded skeptical Monday that President Donald Trump could categorically exclude people living in the country illegally from the population count used to allot seats among the states in the House of Representatives.But it also appeared possible that the justices could avoid a final ruling on the issue until they know how broadly the Trump administration acts in its final days in office and whether the division of House seats is affected.No president has tried to do what Trump outlined in a memo in July — remove millions of noncitizens from the once-a-decade head count of the U.S. population that determines how many seats each state gets in the House of Representatives, as well as the allocation of some federal funding.Justice Amy Coney Barrett was among several members of the court who said the administration’s argument for broad discretion in deciding whom to exclude is troublesome because “a lot of the historical evidence and long-standing practice really cuts against your position.”The court decided to hear the case on a fast track, based on the administration’s plea for a decision by early January, when Trump is required by law to transmit census numbers to Congress. The Census Bureau is supposed to send the data to Trump by Dec. 31. However, the bureau said last month they are checking anomalies and the data will be delayed. They did not give a new date, only saying they hope some data will be available in January. Another unknown is if data quality will be affected by the pandemic, a shortened schedule and natural disasters in 2020 that displaced thousands of people.In 2019, the Supreme Court ruled that the Trump administration could not include a question on the census that asked if a person was an American citizen. 1791