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Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook.The Dow closed down 396 points and the Nasdaq tumbled 3%.Facebook stock fell nearly 6% as the company continues to deal with the fallout from a New York Times article that detailed Facebook's reaction to political scrutiny and its Cambridge Analytica scandal. CEO Mark Zuckerberg has reportedly adopted a more aggressive, "war"-like style, according to the Wall Street Journal.Alphabet was also down 4%. It is now down 20% from its peak in July, placing it in bear market territory.Early in the day, stocks fell on news that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The 9 iPhone XR is the least expensive new iPhone, but it costs more than last year's cheapest model, the iPhone 8.The iPhone XS Max can cost up to ,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models.Apple declined to comment about the Journal story or broader concerns about iPhone demand.Shares of Apple fell 5% and have now plunged about 20% from the all-time high it hit a few months ago, when Apple (AAPL) was worth more than trillion.The stock ended a 5-day losing skid on Friday after an analyst at Morgan Stanley suggested that the supplier concerns are overdone.Apple, which is a member of the Dow, was hurting the blue chips too.Several makers of chips and other components used in iPhones have warned of soft sales and profit in recent weeks, citing sluggish demand for higher-end smartphones.To that end, shares of Apple suppliers, such as Qorvo (QRVO), Broadcom (AVGO), Cirrus Logic (CRUS) and even Apple's key Anrdoid phone rival Samsung were all lower Monday too. Samsung also makes chips for iPhones.Investors have other reasons to be concerned about the future of Apple -— as well as other big tech companies for that matter.Apple CEO Tim Cook said on the "Axios on HBO" show Sunday that he expects Washington to crack down on tech firms in the wake of high-profile privacy scandals, such as the Cambridge Analytica problems that have plagued Facebook (FB)."I am not a big fan of regulation," Cook said to Axios on HBO. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation."HBO, like CNN, is part of WarnerMedia, which is owned by AT&T (T). 2745

The Australian refugee deal that US President Donald Trump once derided as "stupid" and "horrible" is happening.The first group of refugees being held at Australian offshore detention centers on Nauru and Papua New Guinea's Manus Island will leave for the US in the "coming weeks," the Australian government has confirmed in a statement."There will be about 25 (refugees) from both Manus and Nauru, will be going to the United States and I just want to thank again President Trump for continuing with that arrangement," Australian Prime Minister Malcolm Turnbull?said in an interview with CNN's Australia affiliate Seven News.Under the terms of the arrangement, refugees selected by the Australian authorities for resettlement in the US are not guaranteed entry into the country. They must first pass a strict vetting process -- which can take months.An official at the US State Department told CNN on Wednesday that to date, they have determined one individual meets resettlement requirements and will be moved in "the coming weeks." The official said he expects the first batch of approved refugees to be notified within days."We expect refugees to travel to the United States in the coming weeks," the official said.Trump made it clear to Turnbull he was not a fan of the deal during their first phone call following Trump's inauguration in January, details of which were later revealed in a?leaked transcript?published by the Washington Post in August."I am the world's greatest person that does not want to let people into the country. And now I am agreeing to take 2,000 people and I agree I can vet them, but that puts me in a bad position. It makes me look so bad and I have only been here a week," Trump said."This is a big deal," Turnbull responded. "It is really, really important to us that we maintain it. It does not oblige you to take one person that you do not want.""This is a stupid deal. This deal will make me look terrible," Trump said, adding later "I think it is a horrible deal, a disgusting deal that I would have never made."The deal was negotiated by former US President Barack Obama and involved the transfer of 1,250 refugees from Australia in exchange for a group of Central American refugees from camps in Costa Rica.Towards the end of their phone call, Trump appeared to concede that he would stick with the deal, but he said he would tell the American people that "I hate it." 2432

Stores across the country are starting to advertise and display back-to-school sales. From electronics to clothes, the National Retail Federation is tracking buying trends as the new school year approaches."Parents may not know how their children are attending classes, whether it’s in-person or online, a mix, and that is certainly reflected in how people are shopping right now. So, when we did our study in early July most consumers did not know what they needed to buy yet," said Katherine Cullen, the Senior Director for Industry and Consumer Insights at the National Retail Federation. She says there's a lot of uncertainty surrounding the upcoming school year and most consumers are hesitant to buy back to school supplies right now, but many already have plans to spend more."For grade school and high school shoppers it is over 0 on average which is about 0 more than last year. So, some of that is definitely being driven by this current environment and it's shaping how people are planning to buy right now," said Cullen. Cullen says consumers will likely spend more than last year on school supplies and just as much on new clothes. She said there are some things kids need no matter where they learn. "Kids keep growing even if they're not going to school in person, they will likely still need some new items."But the big ticket items families will be spending money on is electronics. "We are certainly seeing that many families, over half, are expecting there will be at least some online learning component and as a result they're planning to make some extra purchases around that: laptops, computers, head phones and speakers are a big component of that," said Cullen.The National Retail Federation says grade school and high school shoppers plan to spend more on average on electronics. Amy Cunningham, a parent in South Carolina, says her family decided to purchase two laptops to help their children with online remote learning this fall. This past spring, the children shared their parents' computers. "Having to juggle the kids’ distance learning with what we were doing was hard so we knew if we were going to do it this year, which was our plan, that we were going to need to get additional laptops," said Cunningham. Cunningham says she likely won't need many other school supplies and doesn't anticipate needing to buy new clothes for the school year."I’d probably get notebooks and stuff like that just because we don’t have a lot of that sitting around. Clothes, no. They live in their play clothes at home now so there’s no point really," says Cunningham.As for how parents will be back-to-school shopping this year, for many, gone are the days of traditional in-store browsing. The National Retail Federation says 40% of families will only be back-to-school shopping online. 2827

The affected Ben & Jerry’s Coconut Seven Layer Bar bulk product is sold in a tub containing 2.4 gallons with a Consumer UPC of 076840104246 and best by date of SEP1520BJ4. The affected Ben & Jerry’s Chunky Monkey pint is sold in a pint tub (473 mL) with a Consumer UPC of 076840100354 and best by dates of AUG2820BH2, AUG2920BH2, or AUG3020BH2. 360

Tasmanian Devils are taking the next step in a “rewilding” project that could someday bring the species back to the Australian mainland for the first time in about 3,000 years.Actor Chris Hemsworth and his wife helped release 11 into a predator-free sanctuary north of Sydney alongside conservationists. This makes nearly 30 animals in this protected space this year.Hemsworth is from Australia. Scientists will now use tracking devices and cameras to monitor how the animals do and whether they can be released into a wild environment eventually.The project is being called #DevilComeback.Tasmanian Devils were once found in Australia, but are now only found in the wild on the island of Tasmania.According to the preservation group Aussie Ark, the animals went extinct in Australia about 3,000 years ago due to being hunted by the Dingo. There are no Dingos in Tasmania, and the Tasmanian Devil is the island’s top predator.However, in 1996, scientists detected an infectious cancer affecting the Tasmanian Devil population. Roughly 90 percent of the population has died as the disease spread rapidly, according to Aussie Ark.Since then, Aussie Ark has created a breeding center for the animals. The 30 animals being released in the latest project came from this center.Tasmanian Devils prefer open forests and woodlands, and are more scavengers than hunters. They have a short life span, 5-to-6 years in the wild and about 8 years in captivity. 1455