One day after President Trump tweeted that the stock market is "starting to look very good to me," the markets once again took a dive.
The Dow Jones Industrial Average fell 879 points on Tuesday after the Centers for Disease Control came out with a dire warning about the coronavirus, saying its community spread in the United States appeared inevitable and Americans should be ready for the potential of major disruptions in their lives, CNBC reports.
Additionally, the S&P 500 on Tuesday fell about 3 percent, and CNBC notes that "the last time the S&P 500 fell more than 3 percent two days in a row was in November of 2008 during the financial crisis," citing Bespoke Investment Group.
Dr. Nancy Messonnier of the CDC's National Center for Immunization and Respiratory Diseases said Tuesday that the coronavirus spreading in the U.S. is "not so much of a question of if" but rather "a question of when," and "we are asking the American public to prepare for the expectation that this might be bad," The New York Times reports.
This came after the Dow on Tuesday plunged 1,031 points in what NBC notes was its worst performance in two years. Brendan Morrow
President Trump is continuing to involve himself in the Roger Stone case, on Thursday going after a specific juror for alleged bias.
Trump, who earlier this week slammed the sentencing recommendation for his longtime adviser only for the Justice Department to change course, in a Thursday tweet suggested the forewoman in the jury that found Stone guilty "had significant bias." He also attacked the Justice Department, sarcastically placing the word "justice" in quotes.
Now it looks like the fore person in the jury, in the Roger Stone case, had significant bias. Add that to everything else, and this is not looking good for the “Justice” Department. @foxandfriends@FoxNews
Trump's tweet came after Fox News reported on social media activity from juror Tomeka Hart, who ran for Congress as a Democrat in 2012, that Fox wrote "suggested a strong political bias" against President Trump, such as a tweet in which she reportedly described Trump and his supporters as "racist." In a Fox & Friends segment Thursday morning, Fox News' Andrew Napolitano argued Stone is "absolutely entitled to a new trial."
"She's entitled to whatever opinions she wants, and she can put whatever she wants on social media, but she can't be a juror in a trial rife with the politics of Donald Trump and Roger Stone," Napolitano also said.
Earlier this week, all four prosecutors in the case quit after the Justice Department reversed its sentencing recommendation for Stone, which Trump blasted on Twitter. Trump later congratulated Attorney General William Barr for "taking charge" of the case. The House Judiciary Committee cited these events in a letter to Barr on Wednesday setting testimony for next month, saying they "raise grave questions about your leadership." Brendan Morrow
After years of reluctance to release information about its diversity, Google has released statistics about the race and gender of its employees. Unsurprisingly, the vast majority are white males.
"Google is not where we want to be when it comes to diversity," said Laszlo Bock, senior vice president of people operations at Google, in a statement. That's an understatement: Google's self-reported numbers show that 70 percent of its employees are male, and 61 percent are white. And while 30 percent of Google's employees are Asian, Latinos and blacks make up just three and two percent of the company, respectively.
"We're the first to admit that Google is miles from where we want to be," Bock said. "Being totally clear about the extent of the problem is a really important part of the solution." Meghan DeMaria
Many conservatives, including The Week's Matt Lewis, warned against making a folk hero out of Cliven Bundy, the Nevada rancher who has been illegally grazing his cattle on federal land and who engaged in an armed standoff with federal agents. Now that Bundy has been caught pining for the good old days of slavery — when "the negro" at least had chickens, gardens, and "something to do" — his sympathizers are beating a hasty retreat, including Sean Hannity of Fox News, writers at National Review, and Sen. Dean Heller (R) of Nevada.
Clearly, Cliven Bundy is not long for the spotlight. But it might not be so easy for conservatives to wash their hands of him. If you subtract the vile slavery talk, Bundy's worldview arguably shares fundamental traits with the Republican Party platform, epitomized by Rep. Paul Ryan's budget, which unapologetically seeks to gut the welfare state. Here's MSNBC's Adam Serwer on that point:
It's perfectly consistent to believe the federal government owns too much land and also believe Bundy's remarks are offensive. Nevertheless, Bundy's central point — that black poverty is less a legacy of 200 years of slavery and institutionalized racism than the welfare state — is a notion conservative speakers have espoused and conservative audiences have applauded for years. [MSNBC]
And as Josh Barro at The New York Timesargues, it's precisely this anti-government position that has led the Republican Party into a demographic death spiral. So while conservatives can exorcize Bundy with as much speed as they can muster, his ghost may well linger. Ryu Spaeth