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The stomach-churning market scare continues.The Dow tumbled 546 points, or 2.1%, on Thursday following another rollercoaster session. The index briefly turned positive during morning trading before succumbing to heavy selling pressure. At one point the Dow was down 699 points. The Dow has shed 1,378 points over the past two days.The mood on Wall Street was only slightly calmer than Wednesday's 832-point nosedive.The S&P 500 closed down 2.1%, notching its sixth-straight losing session. It's the longest slump for the broad index since just prior to President Donald Trump's election more than two years ago.The Nasdaq briefly tumbled into a correction, signaling a 10% decline from previous highs. But the index climbed out of correction territory and closed down 1.3%.All three major indexes have lost more than 5% this week. That hasn't happened since March."This kind of washout doesn't get accomplished in a day. Even though yesterday felt traumatic, it tends to be a three-day process," said Art Hogan, chief market strategist at B. Riley FBR.The VIX volatility index touched its highest level since February.One positive is that unlike on Wednesday, the market did not close on the lows of the day. The rebound was helped by fresh?reports that President Donald Trump and Chinese leader Xi Jinping have agreed to meet next month at the G-20 summit. Such a meeting could ease fears that the US-China trade war will hurt corporate profits and slow the US economy.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear how these momentum names will hold up in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday."Halloween started early this month for investors," Ed Yardeni, president of investment advisory firm Yardeni Research, wrote to clients.The afternoon sell-off comes even though a new report showed that consumer prices rose less than expected in September.Stocks have turned sharply south in large part because investors are concerned about rising interest rates. As the Federal Reserve raises rates to prevent runaway inflation, 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. 2551

The sudden and abrupt breakdown of the US Postal Service has unfolded in recent days as Democrats call for a funding boost ahead of this year’s presidential election.On Friday, the USPS announced a temporary price increase in some services from Oct. 18 until Dec. 27. The rate hike affects commercial services, as retail services are not affected.Meanwhile, the USPS has been removing mailboxes and processing machines. The machines and mailboxes are being removed across the country, according to local reports from a number of Scripps stations.On Friday, CNN and the Washington Post reported that a number of states have received letters from the Postal Service warning that they might not have the ability to ensure ballots are sent and returned in a timely manner. The warning comes as more Americans are expected to utilize mail-in voting due to the coronavirus pandemic.“The Postal Service is asking election officials and voters to realistically consider how the mail works,” Martha Johnson, a spokeswoman for the USPS, said in a statement to the Washington Post.Despite requesting a mail-in ballot himself for next week’s Florida primary, President Donald Trump has tried to sow doubt in recent weeks over the reliability of mail-in voting, claiming that the process is ripe with fraud. But there has been limited evidence to suggest his fears are founded.With the postal service facing financial troubles due to rising pension costs and decreasing usage, Trump said he would agree to funding the Postal Service, but would need some concessions from Democrats."Sure, if they gave us what we want. And it’s not what I want, it’s what the American people want," Trump said Friday. 1694

The United Nations Security Council unanimously approved a 30-day ceasefire resolution in Syria after a relentless bombardment of the country's eastern Ghouta enclave near Damascus that has left hundreds dead.Saturday's vote, which was supposed to be at noon, was held up by deliberations for two hours and comes after several days of delay.In a speech following the vote, US Ambassador to the UN Nikki Haley argued that the council is "late to respond to this crisis. Very late."More than 400 people have been killed since Sunday in bombing raids in eastern Ghouta.Around 400,000 people are in hiding as the rebel-held suburb crumbles around them after being pounded with shells, mortars and bombs dropped by Russian-backed Syrian regime forces since Sunday night.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 869

The Republican nominee for a US House seat in Illinois has said the September 11 terrorist attacks were an inside job and that singer Beyonce Knowles has ties to the Illuminati.Bill Fawell is running against incumbent Democratic Rep. Cheri Bustos in Illinois' 17th District, where she won by 20 points in 2016 even though the district also voted narrowly for Donald Trump. Fawell won his uncontested primary in March. He has not reported any fundraising to the Federal Election Commission, per publicly available records.A KFile review reveals Fawell, a real estate broker, pushed conspiracy theories in blogs and his 2012 book, "New American Revolution."In his book, Fawell pushed a conspiracy theory that 7 World Trade Center collapsed as part of a controlled demolition and the attacks were a plot to destroy documents."Go to YouTube and punch in 'Building #7' It's the third building that went down with the twin towers on 9/11," Fawell wrote. "Nothing hit this building, not a thing, and it fell entirely upon its own. If it looks like a standard commercial implosion demolition, it's because that is exactly what it is.""It's interesting to note that the clandestine branch of the CIA was housed on the top floor," he added. "No personnel were lost, but any and all documents were destroyed, just like a giant shredder. The Pentagon was hit in a wing being remodeled (but few people), that held a mountain of paperwork regarding 1 trillion dollars which the Secretary of Defense, Donald Rumsfeld, was having trouble accounting for. That mountain of paperwork became a pile of ash."In a February 2013 post on the blog of a political action committee he established in 2012 called Elect a New Congress, Fawell said that Beyonce's husband, rapper Jay-Z, "has a long history of serving up the godless Illuminati" and shared a YouTube video that speculated that Beyonce's upcoming halftime performance at the Super Bowl would have Illuminati symbolism.The Illuminati is a secret society that serves as the basis for a popular conspiracy theory that alleges that many of the world's leaders and celebrities are masterminding world events.In the same blog post, Fawell said that the previous Super Bowl's halftime show, performed by Madonna, was satanic and influenced by the Illuminati. He also called Madonna a "narcissist skank with the crooked teeth."In an interview with CNN, Fawell stood by his blog posts and the theories he espoused on them. He said that Jay-Z and Beyonce expressed their support for the Illuminati in their videos, and that singer Taylor Swift had as well.In explaining his rationale that 7 World Trade Center didn't collapse on its own, he said, "There's no way that 1,500-degree jet fuel can melt steel that requires 2,500-degree temperatures to melt." He also acknowledged that he didn't expect any support from the national Republican Party apparatus.The Illinois Republican Party did not respond to a request for comment.Another Illinois Republican nominee for a House seat, neo-Nazi Arthur Jones, has been rejected by national Republicans and the state party for denying the Holocaust.In a 2014 post, Fawell speculated that New York City was going to be destroyed in a false flag attack by the deep state in either the year 2016 or 2017."New York City is going to be destroyed in the biggest, baddest false flag attack ever made by any organization upon the American People in a Pearl Harbor redux," Fawell wrote. (False flag attacks are acts designed by perpetrators to look like they were carried out by other individuals or groups.)He said that the attack would be made in an attempt to drag America into war, and that financial institutions were already withdrawing money from New York in preparation for the supposed attack.In another post in 2014, he wrote that then-President Barack Obama created false flag attacks to shore up support for his foreign policy intervention against ISIS.In addition to alleging conspiracies, Fawell used sexist and racist slurs against politicians.In one 2013 post he called former Secretary of State Colin Powell an "Uncle Tom" and called former Secretary of State Hillary Clinton a "bitch" as well as a witch.He also regularly called Obama "Barry Soetoro" and sometimes called him "Barry Goddamn Soetoro Barack Hussain (sic) Obama."When Obama lived in Indonesia as a child he sometimes was known as Barry Soetoro, as Soetoro was his stepfather's last name. Many conspiracy theorists allege that Soetoro is his real last name and use it to argue that he was not born in the United States.The-CNN-Wire 4578

The U.S. has now surpassed 17 million confirmed cases of COVID-19 and has yet again recorded more than 1 million cases of the virus in less than a week, according to a database kept by Johns Hopkins University.The U.S. reached the 16 million case threshold over the weekend. According to the COVID Tracking Project, the country is averaging more than 200,000 new cases of the virus every day, putting it on pace to record 1 million cases every five days.Since Oct. 30, the U.S. has recorded more than 8 million cases of COVID-19 — a number that represents 47% of all cases recorded since the virus reached the U.S. in January. The U.S. is currently in the midst of the most deadly stretch of the pandemic to date. The country surpassed 300,000 deaths linked to the virus on Monday. Since then, nearly 8,000 more people have died of the disease.The COVID Tracking Project reports that the U.S. has averaged more than 2,500 deaths every for the last week — and that number will likely increase in the weeks to come. The COVID Tracking Project also reports that record numbers of Americans are battling the virus in a hospital. The group says more than 113,000 people are currently hospitalized with the virus, leading many health care facilities — particularly those in rural areas — to reach maximum capacity levels.Spikes in COVID-19 typically trail behind spikes in cases and hospitalizations, meaning death totals will likely only increase in the weeks to come. 1481