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The stock market continued a September slide Monday, with the Dow Jones Industrial Average falling about 800 points at one point. The S&P 500 sank 1.2%, though a last-hour recovery helped it more than halve its loss from earlier in the day.The Dow Jones Industrial Average fell 509.72, or 1.8%, to 27,147.70 after coming back from an earlier 942 point slide. The Nasdaq composite slipped 14.48, or 0.1%, to 10,778.80 after recovering from a 2.5% drop.Monday’s downward movement was seen across many sectors, and market watchers point to multiple reasons.Multiple media outlets are reporting about documents indicating major banks around the world potentially ignored red flags and allowed millions to be transferred by questionable companies or individuals. Stock prices for banks, including JP Morgan Chase, fell on Monday. Many are worried about a spike in coronavirus cases and potential new “waves” of the virus; the United Kingdom announced they are seeing a sharp increase in cases.The recent death of Supreme Court Justice Ruth Bader Ginsburg and subsequent announcement a replacement could come soon means congress will be focused on hearings and the nomination process, and potentially not focused on any federal coronavirus relief aid, according to Marketplace.org.Without federal relief, economic experts have warned of a longer recovery. The Federal Reserve last week said the future of the U.S. economy remained uncertain.Over the weekend, China announced a new regulatory body that could blacklist foreign companies that put China’s national security at risk. NPR says this group could target U.S. tech companies operating in China, like Apple, Cisco, and others.Monday’s slide comes after a few weeks of stock market losses. September is historically the worst month for stocks, according to the Associated Press.“The market has been poised to just pull back, take a breather,” said Quincy Krosby, chief market strategist at Prudential Financial. “Raising capital is prudent during a month that is known statistically, historically for being difficult for the market.” 2095

The state of Texas has already had nearly as many voters cast ballots in the 2020 election than in the all of the 2016 election.This year’s election is still five days away.Throughout the country, lines have formed at early voting centers to cast a ballot in next week’s election. According to the US Elections Project maintained by University of Florida professor Michael McDonald, more than 80 million voters have already submitted a ballot. Millions more are expect to vote between now and Election Day.In Texas, the number of early votes equals 95% of the total ballots cast in 2016. Part of what has driven the vote in Texas is for the first time in the 21st century, Texas is considered a battleground in the presidential election. In Travis County, which is where Austin and University of Texas is located, more voters have cast ballots there than in the 2016 election.Who is winning the early vote?According to a CNN poll released on Wednesday, Joe Biden is leading among those who have already voted by a 64-34 margin. Other national polls have similarly showed Biden leading early voting by up to a 2-to-1 margin.The challenge for Trump will be to make-up ground on Election Day. The same CNN poll showed Trump leading 59-36 among those who plan on voting on Election Day. Trump will need a strong Election Day turnout in order to overcome the lead Biden has likely established in early voting. Things like weather, daycare, illnesses, work and other factors that keep people from voting on Election Day could play against Trump on Election Day.While the news out of Texas may be discouraging for Trump, Pennsylvania and Ohio, two other key battleground states, have not seen nearly as much early voting as Texas. In Ohio, the early vote equals 43.8% of the total 2016 vote. In Pennsylvania, the early vote equals 34.3% of the 2016 vote.Similarly to Texas, Georgia, which has been a traditional GOP stronghold in recent decades, is a battleground state in 2020. There, the number of early voters equals 82% of the 2016 count.How votes will be tallied on Election DayEach state will release early voting numbers differently, and with such stark differences in how Trump and Biden voters are casting ballots, the numbers could have significant swings.In Pennsylvania, the early vote is expected to come in last after all ballots counted on Election Day are tallied. That means Pennsylvania will likely show a significant lead for Trump on Election Night, with the former vice president trying to make up ground. Some counties have said they will not even start counting the early vote until the day after the election.In close states that release the early vote first, Biden will likely amass a huge lead that will slowly evaporate throughout the night. For states that will wait to count the early vote, Trump will likely hold a huge initial lead. Election Night projections might take longer this year to account for how various states are counting the vote. 2977

The Special Counsel's Office is hoping to deny an attempt by several media organizations, including CNN, to unseal documents in the Russia probe, by arguing that the documents need to remain private because of the breadth of still-secret parts of the ongoing investigation."The Special Counsel's investigation is not a closed matter, but an ongoing criminal investigation with multiple lines of non-public inquiry. No right of public access exists to search warrant materials in an ongoing investigation," Robert Mueller's team wrote in a filing Wednesday night.The prosecutors wrote in the firmest language yet about how their yearlong investigation into Russian interference in the 2016 US election continues and includes several interconnected parts, some of which may link back to searches of the belongings of former Trump campaign chairman Paul Manafort that were also used to build cases against him unrelated to his work for the campaign.Manafort faces criminal indictments in Virginia and DC federal courts related to his foreign lobbying business from before the campaign. He's pleaded not guilty in both.Prosecutors have previously revealed that the Justice Department directed Mueller to look into allegations that Manafort coordinated with Russians during the campaign, yet they have not previously hinted that others besides Manafort could be central to the Russia probe. Wednesday's court filing acknowledges multiple relationships that are part of investigative threads."The investigation consists of multiple lines of inquiry within the overall scope of the Special Counsel's authority. Many aspects of the investigation are factually and legally interconnected: they involve overlapping courses of conduct, relationships, and events, and they rely on similar sources, methods, and techniques. The investigation is not complete and its details remain non-public," prosecutors wrote.If they were to be unsealed, "warrant materials reveal investigative sources and methods, preliminary factual and legal theories, and evidence that has already been gathered -- including from grand jury processes. They show what has been searched -- including electronic facilities where the search itself is protected by a non-disclosure order -- and indicate what has not been searched. And the dates and volume of warrants reveal an investigation's direction."The Special Counsel's Office said it wouldn't oppose formally unsealing two search warrants that were made public through recent court filings in Manafort's case, though parts of them remain heavily redacted.CNN, along with The Associated Press, Politico, The Washington Post and The New York Times, initially asked the court to unseal all the search warrants used in the investigations and other sealed documents related to Manafort's two federal criminal cases. 2838

The White House chief of staff says President Donald Trump has tested negative for the coronavirus ahead of Thursday night’s second and final presidential debate.Mark Meadows says Trump was tested onboard Air Force One while en route to Nashville, Tennessee, and tested negative.Biden’s campaign said Thursday that he, too, was tested Thursday and tested negative.The test comes after Trump’s bout with the virus, which put him in the hospital for three nights.Both campaigns had been required to certify that their candidates and VIP guests have tested negative ahead of the debates. But Trump and the White House have repeatedly refused to say whether Trump actually was tested before participating in the first.Trump was diagnosed with the virus two days later. 772

The US economy added 155,000 jobs in November, the Labor Department reported Friday. That's fewer than expected, but the unemployment rate remained steady at 3.7%.October's jobs numbers were also revised down slightly, to put the monthly average over the past year at about 204,000 jobs, and the average over the last quarter at 170,000.The report is a sign of a slowing but still strong labor market — and further support for the idea that the Federal Reserve may hold off hiking interest rates over the next year as quickly or as much as initially planned.That's reassuring to investors who had been worried that the Fed would move too fast to cool off an already decelerating economy."My reaction is a sigh of relief," said Leo Grohowski, chief Investment Officer at BNY Mellon Wealth Management. "I think a mild miss is more than acceptable in order to help the Fed understand that multiple rate increases may not be warranted for 2019."Paychecks grew by 3.1% over the last year, a relatively robust number that is in line with expectations as employers have had to fight to attract workers in recent months.The percentage of people participating in the labor force remained the same and the median number of weeks people remained unemployed dropped from 9.4 to 8.9 weeks in November, suggesting that people are getting jobs more quickly after losing them.However, the number of people "marginally attached" to the labor force — those who had looked for a job in the past year but stopped in the past month because they couldn't find one — has risen by nearly 200,000 over the past year. The percentage of people working part time who would rather work full time also rose slightly.Despite high demand for workers in some sectors, that may show that people who want jobs increasingly aren't in the places where employers need them — and that the economy still has room to expand before running out of workers entirely.The strongest job growth came in health care, transportation and warehousing, and manufacturing, which added another 27,000 jobs for 288,000 total growth over the past year. Tariffs and fears of a larger trade war may not be having a huge positive impact, but they're definitely not choking the sector either.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2335

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