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The jittery stock market is once again heading south.The Dow dropped 327 points, or 1.3%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conferencein Saudi Arabia. The index had been down 471 points at one point.Tech stocks fell sharply, sending the Nasdaq tumbling 2.1%. Netflix declined 5%, while Facebook and Amazon lost about 3% apiece.Stock market volatility is back on Wall Street. Fears about rising bond yields and the US-China trade war sparked heavy selling last week, the worst for all three major indexes since March. Stocks rebounded sharply on Tuesday, before another wobbly session on Wednesday. The CNN Business Fear & Greed Index of market sentiment is flashing "extreme fear."The market slide gathered steam on Thursday after Mnuchin announced on Twitter that he will not participate in the Saudi summit. Mnuchin said it was a joint decision with President Donald Trump and Secretary of State Mike Pompeo. An administration official told CNN that no other government officials will attend the event in Mnuchin's place.The news adds to rising global uncertainties, including concerns about Italy's budget and a plunge in China's stock market.David Kotok, chief investment of Cumberland Advisers, said he believes Thursday's market slide was driven more by concerns about Italy and China."But Mnuchin doesn't help things," said Kotok.Mnuchin's announcement points to elevated tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi.Saudi Arabia has threatened to retaliate against potential US sanctions. The kingdom is the world's largest oil exporter, giving it great sway over global energy prices. US oil prices briefly bounced on the Mnuchin news but closed lower on the day.Saudi Arabia has also played a huge role financing the rise of Silicon Valley, serving as the tech industry's unofficial banker.But the market has also been pressured by other international developments. Even before Mnuchin's tweet, analysts pointed out that Italian bond yields spiked due to concerns about Italy's budget proposal. The European Union plans to send a formal warning letter to Rome to signal displeasure over plans to increase Italy's budget deficit, Reuters reported.Chinese markets were also under pressure. The Shanghai Composite plunged nearly 3% overnight, falling deeper into a bear market as the US-China trade war continues to linger.US investors continue to move money out of the riskiest parts of the market and into defensive areas. While tech stocks fell sharply, defensive areas such as utilities and telecom rose slightly."There is a rotation away from the tech and momentum names," Kotok said. "One has to ask: Has FANG been defanged?" 2868
The owner of Jeni's Splendid Ice Creams, Jeni Britton Bauer, turned to social media to demand that FedEx cut ties with the National Rifle Association.Bauer has shops in ten cities across the country - and is based in Central Ohio.On Monday, Bauer expressed her concern on Instagram, saying she would be willing to stop using the service if they didn't stop supporting the NRA.The caption stated:@fedex @fedexhelp #teamjenis loves you! But we’re not playing around. Our customers are demanding action from us. Drop your support of the NRA or we will be looking at other options. That’s almost 100,000 shipments — and more projected this year. 649

The new iPhones have officially debuted. And yes, facial recognition software is no longer just science fiction — it’s real and it’s on the X.Apple unveiled the iPhone 8, the iPhone 8 Plus and the iPhone X in a Sept. 12 keynote address at the new Steve Jobs Theater.What should you do now that the waiting game is over? Here are three options. 366
The holiday season is upon us and that means Black Friday is less than a month away. While many retail experts are saying Black Friday is dead, we found that might not ring true for most shoppers.Janice Lieberman is a retail expert for Deal News and she says, “even though you will start seeing deals now they will get even lower.”Retailers are excited to get you in the holiday spirit and have you shopping in stores, not online. Lieberman says, “they want those door busters. They want the fever. They want you to enjoy shopping, seeing other people and touching merchandise which is becoming so foreign.”However, this year a number of retailers including Home Depot, Ikea and Office Depot will remain closed on Nov. 24 and REI is even closing its stores on Black Friday.But, for the thousands of stores that will be keeping their doors open, Lieberman says, we need to get prepared before the big shopping day.“You need to get onto social media. You need to sign up with all the stores you enjoy shopping at because they will give their loyal members added deals or select deals.”If you are not about social media or even couponing, try signing up online at places like Deal News. You click on the items you want and they will send you an alert letting you know who has the lowest price.Lieberman says, “I really think if you can hold off now I know it’s not so easy but if you can hold off to Thanksgiving weekend, the day before, the day after, even Cyber Monday that’s when you’re going to see the lowest prices.”Thanksgiving Day will have the best deals for any item. Black Friday is the day to shop for electronics, toys and clothing. Cyber Monday you’ll find the lowest prices on computers, kitchenware and shoes.If you really want to save big on Black Friday, Lieberman suggests you create a list of all the items you plan to buy. If not, expect to pay more by simply purchasing items that you didn’t need. 1955
The pandemic has raised awareness about convalescent plasma donation to treat coronavirus patients. But for hundreds of thousands of people who rely on regular plasma infusions to survive, a looming shortage is raising alarm bells.Mother, wife and rare disease advocate Deborah Vick lives with myasthenia gravis, a neuromuscular disorder that disrupts nerve to muscle communication.“The messages are no longer being able to reach the muscles to make them work--whether that is to walk or move or swallow or breathe--it's all interconnected,” described Vick.There is no cure, so every two weeks, she requires plasma infusions.“Being in crisis is the worst time to have to wait for treatment,” she explained. “I know, for me, my treatments are every two weeks and days before my treatment starts, my breathing is extremely labored.”Many types of primary immunodeficiency disorders like Vick’s result in an inability to produce antibodies or immunoglobulin to fight off infection.“There's about 250,000 of us in the United States alone,” said John Boyle, president and CEO of the Immune Deficiency Foundation.Canceled drives and fear of COVID-19 exposure, he says, have contributed to a drop in plasma donations for non-COVID therapy.This comes as the Red Cross says hospital distributions of convalescent plasma have increased 250 percent in November compared to September.“To not meet the rising demand is one thing, but to actually have less plasma is potentially very, very, very problematic,” said Boyle.Experts say it takes seven to 12 months to turn around plasma for patient infusion therapies. We are now nine months into the pandemic and a crisis say some could be around the corner.“There is a growing concern about the ability to meet patient clinical need,” said Amy Enfantis, president and CEO of the Plasma Protein Therapeutics Association.She says while the call for convalescent plasma therapies for COVID-19 has raised awareness, there is still an increased need for other rare-disease patients.“Our companies are making therapies every day for patients who have a perpetual need for plasma,” said Enfantis. “And that is ongoing regardless of a pandemic.”For those who rely on plasma donation and infusion treatment like Vick, it could mean the difference between life and death.“The biggest fear is not having the treatments that keep me alive. I mean, reality is I don't know what kind of life I will have, if any, how it will function without my infusions.”It’s why so many are hoping those who can, will give. 2536
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