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A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.Daniel Pinto, JPMorgan's co-president, said during an interview on Bloomberg Television Thursday that he believes market gains should continue for the next year or two. But he added that investors are nervous, and that the recent announcement about tariffs and trade wars contribute to their unease."Markets are going to be nervous, nervous about anything. Nervous about anything that relates to inflation, nervous about anything that relates to growth," he said. "These tariffs, if they go a lot beyond what has been announced, it is something that will concern the markets about future growth."He said it's normal for there to be a correction at the end of an investing cycle, and that markets could be heading for a "deep correction" of between 20% and 40%, depending upon the market values at the time the downturn starts."We know there will be correction at some point," he said.Related: Wall Street is on edge about tariffsThe markets briefly fell into correction territory last month as the the Dow Jones industrial average plummeted more than 3,200 points, or 12%, in just two weeks. The market then rallied from those lows, and the S&P 500 and Dow both ended February up for the year.But so far this month, concerns about a possible trade war and the departure of former Goldman Sachs executive Gary Cohn as President Donald Trump's chief economic adviser roiled markets once again.Related: Trump's tariff bombshell - Catch up herePinto oversees corporate and investment banking at JPMorgan Chase, the nation's largest bank. In January he was promoted to co-president and co-chief operating officer, setting him up as one of the two leading contenders to be the next CEO when Jamie Dimon retires. Dimon has said he intends to stay in place until at least 2023, though.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1987

A tourist was stabbed while playing slots Monday at the Golden Nugget in downtown Las Vegas.It happened shortly after 1 a.m. A man, who was visiting from another country with his brother, was approached by another man who asked him for a cigarette.The man then stabbed the tourist in his side with warning or provocation.The victim's brother chased the suspect but was unable to catch him.The suspect was later spotted by security guards at Four Queens. They called 911. A patrol unit then spotted the suspect near Fremont Street and Maryland Parkway and arrested him.The victim was transported to a local hospital and expected to be discharged later today, according to Watch Commander Lt. David Gordon.  718

A student was wounded in a shooting Friday morning at a high school in Ocala, Florida, the Marion County Sheriff's Office said, shortly before students were to walk out as part of a national protest against gun violence.The student was shot in the ankle at Forest High School and transported to a hospital with a wound not considered life threatening, said Kevin Christian, Marion Public Schools spokesman. The victim is 17.A school resource officer heard a loud bang at 8:39 a.m., Marion County Sheriff Billy Woods told reporters.Three minutes later, the officer took a 19-year-old suspect -- who's not a student -- into custody without incident, Woods said.The motive is unclear for what's the 20th US school shooting this year."It's a shame what society has come to in that we even have to be here on a school campus," Woods said. "Society has changed since I was in school. ... We as a whole need to do something. My emotions are running rampant."Woods and school officials said the resource officer's quick response and active shooter protocols at the school helped save lives.Jake Mailhiot, 16, a junior, posted a photo to social media of desks, chairs and other furniture piled high over the door to the classroom where he was studying psychology. The barricade was meant to keep out an active shooter."I didn't hear anything other than people from other classrooms crying," he said.Mailhiot and other students helped a teacher block the door, he said. They were on lockdown for about an hour.Authorities asked residents to avoid the area of Forest High, which was surrounded by emergency vehicles and buses transporting students away from the scene. As Forest High students were being bused to First Baptist Church of Ocala to be reunited with their parents, students at some 2,500 schools around the country were walking out of their classrooms as part of the National School Walkout against gun violence."The fact that it happened on this day, in a way, reinforces what we are trying to get across," said Ryan Servaites, a high school freshman in Parkland, Florida, where 17 students and teachers were gunned down in February. "This happens. It is an issue. We see more people dying. Children are being hurt." In a walkout in New York City, Stuyvesant High School sophomore Grace Goldstein, 16, lamented that her generation has become desensitized to gun violence."We're very glad that no lives were lost," she said of the Ocala shooting. "We're incredibly grateful for that. Our reaction was, of course, this is how our country works. The person who was shot today is on the list of the people who we're fighting for."Forest High was to participate in the walkout, according to a Thursday post on the Ocala school's Twitter account.Instead, aerial news footage from the scene showed a sea of students gathered outside a steepled church to meet their parents and officers, guns at their side, clearing buildings on the sprawling Ocala campus.School walkouts were canceled districtwide in Marion County after the shooting, according to school board member Nancy Stacy.The Ocala shooting comes more than two months since the massacre at Marjory Stoneman Douglas High School in Parkland near Fort Lauderdale. Parkland students are participating in the national walkout -- which is also the 19th anniversary of the shooting deaths of 13 people at Columbine High School in Colorado."We won't stop," Servaites told CNN. "This is why. It is, in a way, the world slapping us in the face, but we just have to look at it as a wake-up call."Forest High, which was ranked as one of the best high schools in the nation by U.S. News & World Report, has about 2,100 students. Ocala is about 65 miles northwest of Orlando. 3725

A North County resident claims her neighbor, a local politician, is using his power to target her.She said Oceanside Deputy Mayor Chuck Lowery is getting preferential treatment when he files a code complaint because of his position at the city.Team 10 discovered Lowery has a well-documented history of filing complaints and turned up emails he sent voicing his concerns about her short-term rental property.“I don't believe that it's right that the deputy mayor would utilize his political position to contact other departments and the head of those departments to start a harassment campaign,” said Alexandra McIntosh.McIntosh purchased her home back in 2012 as part of her retirement plan.Shortly after she bought it, she turned the property into full-time, short-term vacation rental.She said the income brought by the rental offsets the house payments and helps the city of Oceanside make money.“It has been fully booked since early March,” she said.McIntosh told 10News she stays at the property when it isn’t booked and plans to move in after she retires.To help with storage, McIntosh said she put a shed up in the backyard."I paid to have them custom make this to conform with the City of Oceanside,” she said. “It was something that would go along with my house.”According to the City of Oceanside’s website, the shed could be no larger than 120 square feet, or it needed a permit.McIntosh said she called to verify that is the case. However, after it went up, there was a complaint.Complaint records from the city state, “CBC 105.1 Permits Required - Submit plans/building permit application to Building Division for review. If any work requiring a permit is in progress, it must immediately cease until a valid building permit is issued.”There were also questions whether or not McIntosh was using the shed as an extra room, something she denied. For a period of time, it was posted on Airbnb as a third room.“I’m not using it as a habitable space,” she said.After a July visit to the property, a representative from the code department determined the shed violates the city's zoning ordinance and will need to be brought into compliance.McIntosh disagrees with the decision telling Team 10 that’s not what someone in the department initially told her. She plans to fight that decision. According to documents provided by the City of Oceanside, the person who complained was listed as Chuck Lowery.McIntosh said Lowery is one of her neighbors.City records show it’s the not first time Lowery has been listed as the complainant on a city code violation complaint.Team 10 uncovered emails from March 2017 when Lowery had a grievance with barking dogs in his neighborhood.The email chain shows he sent an email to the Oceanside city manager writing in part, “Can the City notify the OWNERS [sic] that they’re renting these places to people who are up at all hours whenever they want (hey, they’re on vacation) AND they leave their dogs barking, untended, for days on end?The neighbor sent me an email again today about the barking dog. I was here and I heard it too. The addresses of the two houses with short-term renters and dogs are XX and XX. It’s NOT worth the TOT tax but I sure hope these two people get noise complaints. I can get the other neighbors to sign at least one.”For context TOT means Transient Occupancy Tax, a tax collected by the city on short-term rentals. All hotels and vacation rentals in the City of Oceanside pay an assessment of 1.5 percent of their room rental revenue.The email chain shows the city manager offered to send the notice out herself writing in part, “I’m prepared to do it but am unsure of who does what between code and OPD.” The emails show she eventually has the code department do it.A code department manager responded in an email: "I’m never too busy for the City Manager. Your concerns are first priority. They will go out today.”Emails obtained by Team 10 show a few days after complaining about the dogs, Lowery wrote about another neighbor’s property calling their tenants “disgusting.”This time from a city email account the deputy mayor requests that "the letter from Code to the owners and agent at XX be ramped up and that their permit for vacation party rentals be denied or revoked or whatever."A day later an Oceanside employee writes to the code manager: “This is the second complaint from Councilmember Lowery. The City Manager is interested in creating a case file whereby actions escalate and could lead to the revocation of the short-term rental registration.” Team 10 discovered emails Lowery sent about possible code issues dating back to 2016.Deputy Mayor Lowery denied all on-camera interview requests.His aide, Don Greene, said the deputy mayor would only answer questions through email and sent over this written statement: 4811

A military jet went down at Lake Havasu Airport on Tuesday morning.According to the United States Air Force, an F-16C aircraft assigned to the 56th Fighter Wing at Luke Air Force Base in Glendale, Arizona diverted and attempted to land at the Lake Havasu Airport around 10:30 a.m. local time.Lake Havasu Fire said the pilot of the plane was able to eject and is expected to be okay. The incident occurred during a routine training exercise. It is unclear what type of plane was involved in the incident or where the pilot is based.Lake Havasu Airport is located about three and a half hours northwest of Phoenix near the state border with California. 668