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Click here to find out how you can help with the funeral costs for a young boy and his uncle who died in a collision in Ramona on Dec. 24. 146
Corporate America is coming to Wall Street's rescue.The Dow soared?548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses.Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%.Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher."It's a bounce back after an overdone situation last week," said David Joy, chief market strategist at Ameriprise Financial.Market sentiment was lifted by earnings beats from Goldman Sachs, Morgan Stanley and Johnson & Johnson. Adobe and UnitedHealth added to the good news by offering upbeat guidance for 2019.Taken together, the corporate report cards underscore the ability of businesses to cash in on the strong US economy. And the results should ease fears about the US-China trade war."We're focusing back on fundamentals," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. Suzuki called Tuesday's rally a "reflexive rebound."Last week, the Dow, S&P 500 and Nasdaq all suffered their worst week since March. At one point, the Dow plummeted more than 1,000 points in just two trading days.Despite Tuesday's advance, all three major indexes remain firmly in the red for the month.One major source of investor nervousness has improved: bond yields. A sudden spike in 10-year Treasury rates above 3.25% spooked markets. The rapid climb in rates was driven by the strong economy, the surging federal deficit?and concerns about a more aggressive Federal Reserve.Investors feared higher borrowing costs that could slow growth and sudden competition for the stock market from boring bonds.But Treasury rates, which move in the opposite direction of prices, eased late last week as investors poured cash into the safety of government bonds. Rates have stabilized at around 3.15%, relieving stock market bulls."That has reassured people that this is not the start of something much worse that could really sidetrack the market," said Bruce McCain, chief investment strategist at Key Private Bank. 2288

CORONADO, Calif. (KGTV) -- Warmer water temperatures are bringing out the stingray encounters in San Diego. Thursday afternoon, 12 more people were stung just days after a similar incident involving 10 to 15 people Tuesday. “I’m not used to the beach I come from Arizona so like this is actually happening,” said Angelo La Rosa, who is visiting from Arizona. “It felt like something was digging into my skin,” said 13-year-old Phoenix Stofa, who was one of at least a dozen stung Thursday. RELATED: 10 to 15 people stung by stingrays in Coronado“Yeah, yeah they don’t want to get stepped on and that’s their only defense mechanism and they have a barb,” said Sgt. Damon Bassett, a lifeguard in Coronado. Basset said he feels for those who get stung. “Anytime you get some nice weather and some warm water people don’t know to shuffle their feet. Then they can come in contact and get stung.”“Don’t walk on the water like you would on land,” Bassett added. A painful lesson for some, but still a day at the beach. “I just thought of the shark movies but it wasn’t a shark alert it was just a stingray. If it was a shark alert, I would have been more,” La Rosa said. If you do happen to get stung, lifeguards say you should soak the affected area in hot water to deactivate the venom. 1291
Coronavirus cases are surging across the US, and the timing for retailers could not be worse. With Thanksgiving and the start of the busy holiday shopping season less than 10 days away, there is obvious concern for retailers headed into the season.But a Washington State University survey shows shoppers find it is important to support businesses during the pandemic.The survey found that 71% of shoppers say shopping in-person is worth it when it's to help local businesses stay open.But it seems like the pandemic is discouraging some Americans from participating in Black Friday sales. The survey found that 76% of shoppers said they would rather do something else on Black Friday than shop, which is a 10% increase from a year ago.Unlike in years past, many major retailers are opting to close on Thanksgiving. The survey found that 71% of shoppers are more likely to support businesses that give their employees the day off on Thanksgiving."The pandemic will have a significant impact on shopping behaviors this year, with more consumers shopping online than ever before," said Joan Giese, CCB clinical associate professor of marketing. "However, despite these changes, we've found that many consumers feel that holiday shopping will provide a sense of normalcy during an unfamiliar holiday season."The National Retail Federation says that the industry has shown some resilience during the pandemic. The organization says that ,200 economic impact payments helped keep the industry afloat during the pandemic.“Strong growth in retail sales during the last few months points to the resiliency of consumers even in this disruptive pandemic environment,” National Retail Federation chief economist Jack Kleinhenz said. “Taking in all the evidence available, the U.S. economic recovery has progressed more quickly than generally expected.” 1850
CINCINNATI — Jonathan Frierson of Lincoln Heights, Ohio says he's honored to have known Sen. John McCain personally as his bus driver.“Driving the 'Straight Talk Express Coach' for Senator McCain,” Frierson told WCPO. “Got started in 2000. I was a backup driver.” By February 2008, though, when McCain was running for president and made a campaign stop for a rally at Memorial Hall, Frierson was behind the wheel and standing beside the door when McCain got off the bus.McCain had called him in 2007 to take over, Frierson said.Frierson said he liked that McCain called him by his nickname.“He always called me 'Fry,' ” Frierson said.Frierson flipped through a scrapbook and saw himself in several photos and newspaper articles with McCain, who died Saturday after a long fight with brain cancer.“Felt honored," Frierson said. One picture in a newspaper clipping from Aug. 29, 2008 showed McCain and Frierson sitting side by side at a Skyline Chili. McCain was looking over the menu. 1032
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