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Trade war fears and a presidential attack on Amazon are rocking Wall Street.The Dow dropped more than 700 points on Monday, and the Nasdaq plunged 3%. The S&P 500 hit its low for the year and was on track for its lowest close since November. The sell-off left all three major indexes in the red for 2018.By the end of the day Monday, the Dow slightly recovered, closing down 458 points for the day.The sell-off on the first day of the second quarter came after President Trump once again attacked Amazon on Twitter. Amazon, one of the biggest drivers of the 2017 market rally, tumbled 5%, wiping out more than billion of its market value.Trump once again accused Amazon of taking advantage of the US Postal Service, and he suggested that Amazon does not pay its fair share of tax.In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. Amazon does not collect sales tax on purchases made from third-party vendors."You've got the president of the United States attacking a single company over what he considers to be unfair practices," said Ian Winer, head of equities at Wedbush Securities.Amazon wasn't the only tech stock in trouble. Tesla, Netflix and Cisco all dropped by at least 4%. Intel plunged 8% on a?Bloomberg News report that Apple plans to switch to its own chips. Almost every stock in the Nasdaq 100 lost ground.The Nasdaq has plunged more than 10% from its all-time high on March 12."When investors see market leaders suddenly stumble, they become more cautious about the entire group," said Kate Warne, investment strategist at Edward Jones.Wall Street is also fretting about rising trade tensions, especially with China. Beijing responded to Trump's steel and aluminum tariffs on Monday by following through on its threat to impose tariffs on billion of US imports. The tariffs apply to 128 products, ranging from pork and meat to steel pipes.Trump plans to place additional tariffs on about billion worth of Chinese goods — and Beijing has promised to respond.John Toohey, head of equities at USAA, blamed the sell-off on concerns about the China tariffs. "Global trade could slow down, global supply chains could be impacted, and CEOs could be more cautious on capital spending," Toohey said.NAFTA worries are also on the rise after Trump took aim at the trade deal between the United States, Canada and Mexico. Trump on Sunday linked NAFTA to his efforts to build a wall along the border with Mexico."They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!" Trump tweeted."It's a cause for concern. That mixing of issues is contributing to uncertainty," said Kristina Hooper, chief global market strategist at Invesco.No matter the cause, signs of fear abounded. The VIX volatility index jumped more than 15%. CNNMoney's Fear & Greed Index of market sentiment dropped further into "extreme fear." Crude oil plunged about 3%. Gold, which tends to do well when investors are worried, climbed more than 1%."None of it makes a lot of sense," said Michael Block, chief strategist at Rhino Trading Partners. "I don't know what we learned that was new. Chinese tariffs are not surprising."After spiking last year, the stock market hit extreme turbulence during the first three months of the year as investors worried about tariffs, inflation and tech stocks. The Dow snapped its longest quarterly winning streak in 20 years.Stocks may be volatile, but the backdrop looks bright. Global economic growth is expected to accelerate and corporate profits are likely to surge, thanks in part to Trump's corporate tax cuts."It's unlikely to be the end of the bull market," Warne said. "The underlying fundamentals remain positive." 3823
This is a fight about their constitutional right to vote being denied. Learn more about how you can help at https://t.co/ASKCSX9b9l. @morethanavote https://t.co/LtGBRwo8LQ— LeBron James (@KingJames) July 24, 2020 229

Ticketmaster is reportedly exploring ways for concertgoers to return to shows safely amid the coronavirus pandemic.According to Billboard, one way is to verify that they've been vaccinated or tested negative for the virus before attending a show.The ticket-selling company said they'd set up a way for the customers' test results to be sent to third-party health companies. Through its digital app, Ticketmaster would tie those test results or vaccination status to a ticket digitally that'd be used to enter events, Ticketmaster president Mark Yovich told the outlet.According to Yovich, concertgoers would be required to get tested approximately 24 to 72 hours before a show.Billboard reported that Ticketmaster would not have access to users' medical records nor store their results or medical information.The company added that they'd only receive notification that fans have been OK'd to attend an event on a specific date. 936
Three people trapped in an inactive West Virginia mine for several days were rescued on Wednesday, state officials said.The three West Virginia residents were brought to the surface and transported to a local hospital for medical treatment, Samantha Smith, a spokesperson with the West Virginia Department of Commerce, told CNN late Wednesday.Kayla Williams, 25 of Artie; Erica Treadway, 31, of Pax and Cody Beverly, 21 of Dorothy, were alert, talking and walking without assistance, Raleigh County Sheriff Scott Van Meter said in an interview. He said the three had snacks and water with them."It's a miracle they were found alive," the sheriff said.Williams, Treadway and Beverly were among a group of four people who were reported missing Saturday after an abandoned ATV they were believed to be riding was found near the entrance of the Rock House Powellton mine in Clear Creek, according to a statement from West Virginia Gov. Jim Justice.One person, Eddie Williams, 43 of Artie, emerged late Monday, according to the West Virginia Office of Miners' Health, Safety and Training.He said the three people left trapped were alive and gave authorities details of their location, according to Justice's office.Rescue teams failed to find them Monday and Tuesday. But had been removing standing water from the mine and pumping in fresh air, and by Wednesday, more access space had been cleared, allowing more rescuers to enter, Justice's office said.The underground mine is inactive and sealed, Contura Energy, whose affiliate Elk Run Coal owns the property, told CNN, adding that the person who made it out "was apprehended by law enforcement."This is the second trespassing incident at an abandoned mine reported in the last two weeks, Justice said in the statement.Van Meter said the three who were found alive on Wednesday could possibly be charged because they were not supposed to be in the mine.But first, the sheriff said, "they need to enjoy being rescued." 1973
The YouTube headquarters where a female shooter wounded three people before apparently taking her own life has more than 1,100 workers and is located in San Bruno, about 13 miles south of San Francisco.Employees there include engineers working on site search, content channels and ad products, according to a website of Google, YouTube's parent company. The workforce also includes sales teams that work with advertisers and content creators who develop programming, the Google website says."An open, airy space makes collaboration a breeze and encourages innovation," the website says in describing the headquarters, which includes a basketball court and a lap pool.YouTube, which was founded in February 2005, quickly became the most well-known of several online video sites. In October 2006 Google said it was purchasing YouTube for .65 billion in stock. 877
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