Wall Street slides after Trump China remarks spark fears
U S stock indexes cooled from a rally as investors worried over rising U S China tensions. The S P 500 closed down 0 2 percent while the Dow fell 0 6 percent and the Nasdaq slipped 0 5 percent amid hopes of tariffs escalation and a Friday news conference by President Trump.
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White House delays midyear forecast amid pandemic toll
The White House decided not to release an updated economic forecast this year amid the coronavirus impact. The Commerce Department reported the first quarter economy shrank 5 percent and unemployment claims rose to 41 million since shutdowns began, highlighting political risk ahead of the election.
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Mid. barber ordered to close shop stays open
In Michigan, Karl Manke, a 77 year old Owosso barber, defies court orders to close his shop amid COVID 19 rules. The Michigan Court of Appeals demanded a preliminary injunction but the order was stayed as he appeals to higher courts. He says the business remains busy and likens the fight to a 10 round prizefight.
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