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That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.The Dow Jones sunk nearly 800 points on Tuesday, nearly a three percent drop.The S&P 500 declined 2.5%, while the Nasdaq tumbled 3%.Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.But investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress."People are still very concerned about the trade war," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. "Financial markets are increasingly showing signs of fear of a recession."President Donald Trump did not help Wall Street's trade war worries on Tuesday. Trump said that he would "happily" sign a fair deal with China but also left open the possibility that the talks will fail."President Xi and I want this deal to happen, and it probably will," Trump tweeted. "But if not remember... I am a Tariff Man."Those words aren't likely to bolster confidence among investors already worried about the negative consequences of the trade war. Steel and aluminum tariffs have lifted raw material costs and caused disarray in supply chains. And uncertainty about trade policy makes it very difficult for companies to make investment decisions.Investors have also grown very worried in recent days about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.The gap between the 10-year and two-year Treasury yields dropped on Tuesday to the smallest since just before the Great Recession. And the less closely watched gap between three and five-year Treasury yields inverted on Monday.The tightening yield curve reflects fears about a growth slowdown and concerns about whether the Federal Reserve is raising interest rates more quickly than the economy can handle. Fed chief Jerome Powell gave a speech last week that investors interpreted as signaling the central bank could slow its rate hikes. However, there is a debate over whether Powell really was telegraphing a sudden change.Barry Bannister, head of institutional equity strategy at Stifel, predicts the Fed will pause its rate hikes because it has already made monetary policy too tight. He pointed to the slowdown in the housing market caused by higher mortgage rates."It's playing with fire to be too tight and risk an inversion because you don't know what the outcome will be," Bannister told reporters on Tuesday. "Even if the Fed pauses, they may have already done too much."A flattening yield curve and slowing economic growth hurt the profitability of banks.The financial sector was the second-worst performer in the S&P 500 on Tuesday. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece.But Suzuki cautioned that the markets could be overreacting. He pointed to strong corporate profits and the fact that the yield curve has not yet inverted."We don't see signs of an impending recession," Suzuki said. "There is a widening gap between market fear of a deterioration in the fundamentals and the actual fundamentals themselves." 3558

Stock market volatility is back in a big way: The Dow is set for a big rally Friday after a two-day meltdown.Dow futures pointed to a 350-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%.Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some of investors' fears about another trade war escalation. On Friday, China reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summerEarnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected banks to post another incredibly profitable quarter — and JPMorgan managed to beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday looked to regain some of their losses. Facebook (FB) rose 1%, Amazon (AMZN) was up 3%, Apple (AAPL) rose 2%, Netflix (NFLX) was up 4% and Google (GOOGL) bounced back 2%.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits.The VIX volatility index touched its highest level since February.The-CNN-Wire 2531

The 2020 American Music Awards will take place on Sunday, Nov. 22, and will air on ABC at 8 p.m. ET.Ciara hosted last year's ceremonies and Taylor Swift walked away with five awards, including Artist of the Decade.Swift now has the most AMA awards by any artist ever.The “2020 American Music Awards” will be produced by Dick Clark Productions. 351

TAMPA, Fla. — Air conditioning units may be contributing to the spread of COVID-19, especially in the southern part of the United States, according to a Harvard epidemiologist.Dr. Edward Nardell is a professor in the Departments of Environmental Health and Immunology and Infectious Diseases at the Harvard T.H. Chan School of Public Health. He's done in-depth research on how air conditioning units contribute to the spread of airborne infections.Nardell said air conditioning can help airborne viruses spread in three ways.First, people go inside to cool down, when you are much safer outdoors, Nardell said. Now, we're seeing more people indoors because of the high heat and humidity, specifically in the southern states like Florida.The second problem is that air conditioning brings in very little outside air, according to Nardell. While this isn't a major problem inside your own home, it can be especially problematic in corporate settings."It just isn't economically possible to bring in outside air, recirculate it and dehumidify it," he said.Lastly, he said when people are indoors, you're often not spaced out safely as you would be outdoors."You are not socially distanced as much, but you're re-breathing the same air that someone else just exhaled," Nardell said. "We call it rebreathed air fraction, and if someone is infectious, often asymptomatic, you're going to be rebreathing their small particles."Nardell also said air conditioning units can generate air currents that can carry large particles even further, similar to what researchers found contributed to the spread of the novel coronavirus disease in an air-conditioned restaurant in Guangzhou, China, involving three family clusters.On the Department of Homeland Security's website, this tool can be used to estimate how long the virus would be expected to remain stable while airborne.Now, the Centers for Disease Control and Prevention is recommending restaurants increasing the distance between tables and improving ventilation.The use of germicidal lamps, a technology that Nardell said is almost 100 years old, has been proven effective in protecting against tuberculosis infection and is already in use in some settings to fight COVID-19.The lamps are set up to shine horizontally, high in the room where sterilization is needed. Air currents, stirred in part by warmth from human bodies, circulate up to the ceiling, where the ultraviolet light kills floating pathogens, and then back down again.This technology, Nardell said, is not only proven, but it can also be deployed cheaply and easily in a number of settings as society reopens.This story was originally published by Lauren Rozyla at WFTS. 2691

Tall people are at a greater risk of cancer because they have more cells in their body, new research has suggested.A person's risk of developing cancer increases by 10 percent for every 10 centimeters (4 inches) they are over the average height, the study said, because they have more cells which could mutate and lead to cancer.Average height was defined in the study as 162cm (5 feet, 4 inches) for women and 175cm (5 feet, 9 inches) for men.The findings match with previous research, which has also connected height to an increased risk of developing a range of health problems including blood clots, heart problems and diabetes.Leonard Nunney, a professor of biology at the University of California Riverside, analyzed previous sets of data on people who had contracted cancer -- each of which included more than 10,000 cases for both men and women -- and compared the figures with anticipated rates based on their height.He tested the hypothesis that this was due to the number of cells against alternatives, such as possible hormonal differences in taller people, which could lead to an increased rate of cell division.A link was found between a person's total cell number and their likelihood of contracting cancer in 18 of the 23 cancers tested for, the study says.The research also found that the increase in risk is greater for women, with taller women 12 percent more likely to contract cancer and taller men 9 percent more likely to do so. Those findings matched with Nunney's predicted rates, using his models, of 13 percent for women and 11 percent for men.Colon and kidney cancer and lymphoma were among the types of cancer for which the correlation was strongest."We've known that there is a link between cancer risk and height for quite a long time -- the taller someone is, the higher the cancer risk," Georgina Hill from Cancer Research UK told CNN."What we haven't been sure of is why -- whether this is simply because a taller person has more cells in their body, or whether there's an indirect link, such as something to do with nutrition and childhood," added Hill, who was not involved in the study.She said the study provides good evidence of the "direct effect" theory that the total number of cells does indeed cause the link."The methodology is good - they took data from large studies, which is important, and they looked at lots of different categories of cancer."But she noted that the increase in risk of developing cancer is small compared to the effects that lifestyle changes can have."It was only a slightly higher risk and that there are more important actions that people can take to make positive changes, [such as] stopping smoking and maintaining a healthy weight," she said.Two of the types of cancer tested for, thyroid cancer and melanoma, were found to be more susceptible to an increase in risk than expected, and Nunney suggested in the study that other factors could be at play in those cases, such as geography."There are no obvious reasons for these exceptions, although the author speculates that cell turnover rates may come into play for melanoma," Dorothy C. Bennett, director of the Molecular and Clinical Sciences Research Institute in London told CNN. Bennett, who was not involved in the study, explained that pigment cells, the source of melanoma, divide and are replaced a little faster in taller people."But I cannot at present think of any reason why this [faster division] should be so, but nor any other clear reason for the higher correlation with height," Bennett said. 3548