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Wall Street is worried about a trade war.The Dow dropped 420 points on Thursday after President Trump said his administration will impose tariffs on steel and aluminum imports. The Nasdaq and the S&P 500 declined 1.3% apiece.Trump's controversial tariff announcement caught investors off guard and immediately raised concerns about retaliation from China or other major U.S. trading partners."This is the first shot across the bow over a trade war," said Art Hogan, chief market strategist at B. Riley FBR. "And nobody wins a trade war."Trump said his administration would impose a 25% tariff on steel imports and a 10% tariff on aluminum. It was not immediately clear whether Trump would exempt some countries from the tariffs, as his national security advisers have urged him to do to avoid hurting U.S. allies.Corporate America has warned Trump that tariffs could backfire. Last month, the Business Roundtable warned of the risk of "foreign retaliation" that would "harm the U.S. economy."Investors will be looking to see how U.S. trading partners react to the tariffs.Beyond worries about retaliation, the tariff news drove concerns about rising costs for companies that rely heavily on aluminum and steel, like auto and plane makers. Imports make up about a third of the steel American businesses use every year, and more than 90% of aluminum used here. Shares of Boeing fell 3% General Motors dipped 4%, and Ford dropped 3%.Related: NY Fed chief: Tariffs risk 'trade war'If the tariffs result in higher prices on steel and aluminum, companies that rely on those products may pass on some of the costs to consumers. That raises the specter of creeping inflation."This clearly will [lead to] higher prices in the production chain, which is part of the inflation path," said Quincy Krosby, chief market strategist at Prudential Financial.The timing of the tariff news surprised Wall Street. A formal announcement was expected at some point Thursday, but then it was called off. Later, Trump mentioned his tariff plans in a hastily arranged listening session with steel and aluminum executives. And he didn't provide crucial details, such as whether certain countries will be exempted.Concerns about trade come at an already shaky time on Wall Street. The S&P 500 and Dow fell about 4% in February, their worst month in two years. Fears about inflation and soaring bond yields caused a surge in volatility, including two 1,000-point plunges for the Dow.The market had come back as investors focused on the strong economy and booming corporate profits. But stocks fell sharply again on Tuesday and Wednesday, putting the Dow is back in negative territory for the year.Turbulence has picked up as well. The VIX volatility index spiked 15% on Thursday. Selling pressure will climb as volatility increases, Krosby said.At least two corners of the stock market cheered Trump's tariff announcement. U.S. Steel and AK Steel soared 6% and 10%, respectively.Century Aluminum also spiked 7%. Another major aluminum maker, Alcoa, gained 1%.Trump's tariff moves could force investors to confront another trade issue: NAFTA. Trump has repeatedly threatened to tear up this major trade deal with Canada and Mexico. Talks to renegotiate NAFTA, a major piece of the U.S. economy, have so far failed to produce a solution."It sets off the protectionist fears that had been lying dormant," said Hogan.— CNN's Jeremy Diamond contributed to this report.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3547

VISTA, Calif. (KGTV) - A backyard workshop in Vista caught fire Sunday afternoon, according to Vista Fire officials. Neighbors said they saw thick black smoke towering into the sky and heard almost a dozen explosions.Neighbor John Ploetz said it sounded, "like a bomb, people up the street heard it.""It takes a minute you know, your brain goes oh it's probably fine, or he's welding you know and then I see there's flames, and no firemen here, and the fence is on fire, I better call 9-1-1," Ploetz said he grabbed his garden hose and worked to contain the fire. He wet down nearby foliage and put out small spot fires on the outside of the fence.Fire officials said the fire started around 12:32 p.m. and arrived at the home in the 1000 block of Ora Avo Drive in minutes. Ploetz said what he did was something anyone would do and he was concerned the fire would spread to other homes nearby. He was shocked when a pine tree burned up in seconds, "it just whoosh! Went up like a torch, it was loud, that was before the firemen got here."The workshop contained propane tanks, and tools for metal art that the homeowner creates as a hobby. The family was at church when the fire started and were thankful no one was hurt. Among the valuables they lost were three boats and a motor home.Firefighters are still investigating the cause. 1340

WASHINGTON (AP) — FBI Director Chris Wray says he regards antifa as more of an ideology than an organization.That differs from President Donald Trump, who has suggested that antifa be formally designated as a terror group.Wray did not dispute in testimony Thursday to the House Homeland Security Committee that antifa activists were a serious concern. But he said it’s not a group or an organization.Hours after the hearing, Trump took to Twitter to chastise his FBI director for his statements on antifa and on Russian election interference....And I look at them as a bunch of well funded ANARCHISTS & THUGS who are protected because the Comey/Mueller inspired FBI is simply unable, or unwilling, to find their funding source, and allows them to get away with “murder”. LAW & ORDER! https://t.co/yHLzB0RQ8e— Donald J. Trump (@realDonaldTrump) September 18, 2020 But Chris, you don’t see any activity from China, even though it is a FAR greater threat than Russia, Russia, Russia. They will both, plus others, be able to interfere in our 2020 Election with our totally vulnerable Unsolicited (Counterfeit?) Ballot Scam. Check it out! https://t.co/mH3vrHWvS8— Donald J. Trump (@realDonaldTrump) September 18, 2020 1229

VISTA, Calif. (KGTV) — A double shooting in North County has left one woman dead and a man hospitalized Saturday.A caller reported two people suffering from gunshot wounds, one was not breathing, at a home in the 1800 block of Hartwright Road just before 7 a.m., according to San Diego County Sheriff's Department.Deputies and Vista Fire personnel arrived to find one woman with a traumatic gunshot wound. She was pronounced dead at the scene. A man suffering from a suspected gunshot wound was transported to a nearby hospital with "severe" injuries, deputies say. Deputies said his prognosis is unknown.The San Diego County Medical Examiner has not released the identity of the woman pending family notification. Sheriff's investigators were still investigating the cause of the shooting Saturday.Anyone with information connected to the shooting is asked to call the Sheriff's Homicide Unit at 858-285-6330 or Crime Stoppers at 888-580-8477. 952

WASHINGTON (AP) — Democratic and Republican lawmakers want the U.S. Postal Service to immediately reverse operational changes causing delays in deliveries nationwide.Moves by the Republican postmaster general to cut back operations come as big volume increases are expected for mail-in election voting.Democratic House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said Thursday the changes threaten the timely delivery of “threaten the timely delivery of mail — including medicines for seniors, paychecks for workers and absentee ballots for voters.”Montana Republicans Sen. Steve Daines and Rep. Greg Gianforte urge the Postal Service to reverse a July directive eliminating overtime for hundreds of thousands of postal workers.A Postal Service spokesperson disputes reports the Postal Service is slowing down mail. 843