“The market got too far ahead of itself,” said Markets.com analyst Neil Wilson.In the US, stocks have followed a fairly unbroken path higher from the market’s worst days in March, fueled by optimism over the reopening US economy and the expected boost from aggressive stimulus measures approved in Washington.But US Federal Reserve Chief Jerome Powell offered a sober outlook on the US economy during a press conference Wednesday after the central bank signaled it planes to keep interest rates low for the next few years in light of the shaky recovery.Analysts also fixated on increasingly worrisome trends on new coronavirus cases in several states, including Florida, Arizona and Texas. After a rally lasting more than two months, Wall Street hit a stumbling block Thursday as spiking coronavirus cases in several United States states helped spur the worst sell-off since March, when market turmoil over COVID-19 was at its peak.The Dow Jones Industrial Average finished down 6.9 percent, a loss of more than 1,850 points, to 25,128.17, also weighed down by worries over excess valuations and another massive number of US jobless claims.Bourses in Paris, Frankfurt and London all plunged at least four percent. “Wrong direction,” the Houston Health Department in Texas said in a tweet Thursday that showed recent trends in the city. “If we don’t take the increasing #COVID19 cases seriously NOW, we may soon end up in a deadly situation.”Wear a mask, social distance, wash hands & get tested.”LBBW’s Karl Haeling said “It’s concerning that a lot of states are seeing a spike in rates.””It’s hard to interpret whether that represents a real increase, or just the fact that more states are testing people now,” he told AFP.Too much optimism?Heading into this week, analysts had begun describing equity valuations as “frothy” following steady gains since March, saying they do not reflect the grinding recovery many economists anticipate.”We’ve been talking about the optimism trade for a while, and it just ran into some facts,” JJ Kinahan, chief market strategist at TD Ameritrade, said in a note.”The facts are we’re not fully reopened and businesses aren’t all the way back,” Kinahan said. “Basically, the market got out a little over its skis.”Losses were broad-based, but some of the worst affected sectors included banks such as Bank of America, down 10.0 percent, oil services companies like Halliburton, down 15.4 percent, and travel-oriented companies including United Airlines, down 16.1 percent and Marriott International, down 10.9 percent.Boeing dove 16.4 percent, hit by the pullback in the broader market as well as news that 737 MAX contractor Spirit AeroSystems had furloughed staff and halted work on the MAX at Boeing’s request. Spirit fell 15.6 percent.Back in Europe, shares in German airline Lufthansa also dived in Frankfurt by around 10 percent after the company said it would axe 22,000 jobs.Topics :
Did you know that the month of April is officially recognized as National Minority Health Month? Numerous health providers work tirelessly each day to raise awareness about the health disparities that continue to affect racial and ethnic minorities. They also work to increase awareness about the health care law’s groundbreaking policies to reduce these disparities and achieve health equity. This year’s theme, Partnering for Health Equity, emphasizes the critical role of prevention in reducing health disparities. It is a call to action, a charge for all of us to unite towards a common goal of improving the health of our communities. “For five decades, the Jessie Trice Community Health System (JTCHS) in Miami has been committed to ensuring that residents of our community have access to quality, yet affordable healthcare,” says Annie Neasman, President and CEO of JTCHS. “We join the many partners who recognize and celebrate National Minority Health Month each year.”Partnerships at the national, state, tribal and local levels are vital to the work of reducing health disparities and advancing health equity. This month, the Office of Minority Health will join with partners, health advocates and organizations to highlight the role of partnerships in improving the health of people and communities across the country.The Jessie Trice Community Health System, Inc. is a Florida 501(c)3, not-for-profit, Federally Qualified Health Center, which has been serving Miami-Dade County since 1967. A community mainstay, JTCHS owns and/or operates fifty-four (54) facilities, which includes eleven (11) Comprehensive Primary Care centers, including a women’s substance use residential program, forty (40) school-based locations and two (2) university centers. JTCHS’s multicultural, multilingual, and multidisciplinary staff serves a diverse population of over 47,000 patients who make more than 187,000 visits annually. WE KNOW how to satisfy our patients and have been doing so for decades.
Liverpool manager Jurgen Klopp has expressed his delight over his side’s history making performance in the UEFA Champions League (UCL) on Tuesday night.The Reds annihilated Slovenian side Maribor 7-0 in front of their home fans to set a new English record for an away win in the UCL, formerly European Cup.The win surpasses the 6-0 away victories recorded by Manchester United against Irish outfit Shamrock Rovers in September 1957, and Leeds United over Norwegians Lyn in October 1969.Speaking after the game, Klopp said:“I was told about the record after the game and I didn’t know.”“The wonderful history of this club can feel like a backpack at times so it is nice to write our own good piece of the history.“It will be difficult to beat that record. It is quite rare to win 7-0 but it showed we did unbelievably well.” he further stated.Roberto Firmino (2), Mohammed Salah (2), Philippe Coutinho, substitute Alex Oxlade-Chamberlain and Trent Alexander-Arnold got the goals for the Reds.Related
Scully’s consecutive years of service make him the longest-tenured broadcaster with one team in sports history.“I’m obviously not alone in saying that I’m overjoyed Vin will be coming back to the booth in 2015,” said Dodger President and CEO Stan Kasten. “Our fans deserve the very best and Vin’s voice, knowledge, experience and passion for broadcasting Dodger baseball are second to none.” Momentum builderWhen the Dodgers lost four of the first six games of their just-concluded road trip, it had to be disconcerting knowing they were next going to play a three-game series at rival San Francisco, which led Los Angeles by 1 1/2 games in the NL West.No problem. The Dodgers and their three mound monsters – Zack Greinke, Clayton Kershaw and Hyun-Jin Ryu – ventured to the Bay Area over the weekend and swept the Giants to move into first by 1 1/2 games. They won by scores of 8-1, 5-0 and 4-3. The way Justin Turner spoke Tuesday ahead of the Dodgers’ series opener against the Atlanta Braves, it was about as good as it gets.“I think the most important thing about it was the energy level you saw from guy to guy, all the way down from 1 through 25,” said Turner, an infielder who is batting .298 as a part-time starter; he was playing almost every day when third baseman Juan Uribe missed over a month in May and June. “It was a team effort and just guys having fun. Obviously, Zack and Kersh and Ryu going out there and doing what they’ve done all year obviously helps.“But I think that was the most energized and together and collective our offense has been all season. Everyone knew what it was playing San Francisco; we’re in a dog-fight with them.”Turner, a Lakewood Mayfair High product, is hopeful it acts as a springboard to much bigger and better things.“Hopefully, everyone is conscious of the atmosphere that we created in that environment and we can carry that on whether we’re playing the Giants or the Braves or the Cubs or whoever,” he said. “If we can create that atmosphere in every game, every series, we’re going to be a team that everyone sees on paper.”Turner said the way he saw things, it was one “great at-bat” after another in San Francisco.“You get that and it makes us really, really tough to beat,” said Turner, who did not play much in San Francisco, but had two hits and two RBIs in the one game the Dodgers won at Pittsburgh a week ago Monday.Manager Don Mattingly was equally stoked.“Obviously, a good feeling for us to be able to go there and play well and it ended up putting a nice little taste to the road trip from the standpoint of, we lose a series in St. Louis, we lose a series in Pittsburgh and were kind of able to rebound there and play really well,” said Mattingly, whose team led the Giants by two games going into Tuesday because the Giants lost Monday while the Dodgers were idle.“Hopefully, it set the tone moving forward.”Barney due in town WednesdayInfielder Darwin Barney, acquired Monday by the Dodgers from the Chicago Cubs for a player to be named later, had yet to arrive in Los Angeles but was due in town Wednesday, Mattingly said.Barney, a Gold Glove second baseman in 2012, was designated for assignment July 22 by the Cubs. A .244 career hitter, he was batting .230 this season with Chicago, but was batting .385 (15 for 39) in July.Mattingly would not discuss which of the players on the roster would fall victim to bringing Barney aboard, but he did discuss his plans for the 28-year-old out of Portland.“Well, I think we look at him as a depth guy, obviously a guy that’s been a Gold Glove second baseman,” Mattingly said. “But we feel like he can play short, we think he can play third. And it kind of adds depth to what we’re doing.”Kasten weighs inDodgers president and CEO Stan Kasten released a statement regarding a letter written by the California Congressional delegation urging Time Warner Cable SportsNet LA and area television providers to enter into binding arbitration regarding the ability to televise Dodgers games.“First, we’d like to thank the members of the California delegation, especially Congressman Brad Sherman, for putting our fans and their constituents first and doing their best to move this situation forward,” Kasten said. “We’re very pleased that our partners at Time Warner Cable have readily agreed to submit SportsNet LA to binding arbitration, and we urge DirecTV to quickly agree so that we can get those games on the air for their customers.” Vin Scully is staying in the broadcast booth for the Dodgers.The 86-year-old Hall of Fame announcer will return for his record 66th season with the team in 2015. The announcement was made on the Dodger Stadium video board in the second inning of Tuesday night’s game against Atlanta.The news was greeted with loud cheers and a prolonged standing ovation for Scully, who stood and waved to fans from his booth.“It is very difficult to say goodbye,” said Scully in a statement. “God willing I will be back next year. Over the years, I have been blessed to have so many friends, including those that sit in the stands and listen as well as those at home, who listen and watch. It is just too hard to say goodbye to all these friends. Naturally, there will come a time, when I will have to say goodbye, but I’ve soul-searched and this is not the time.” Newsroom GuidelinesNews TipsContact UsReport an Error
2 nabbed in Bicol drug stings The former Lakers star, who is in town thanks to the efforts of SnippetMedia, shared that his son is working on his game in hopes of one day getting a nod to join Gilas Pilipinas, even going to as far as applying for a Philippine passport before he turned 16.READ: Metta World Peace arrives in Manila, satisfies Filipino food cravingFEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’“My son has been coming over to the Philippines and he’s very motivated. He’s working very hard. He’s going to be a senior next year. He’s very good academically and he got an offer from Yale and a lot of Ivy League schools. He can also play in Division I college also so he’s a very smart kid,” the NBA legend said.The younger Artest, who is a 6-foot-1 guard, is currently studying at Beverly Hills High School in California and is about to graduate in 2018. SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold00:50Trending Articles01:45Explosive Gilas Pilipinas not yet at its best, says Tim Cone01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite LATEST STORIES AVC: Philippines loses second straight as Korea stays undefeated READ: Metta World Peace says he can still make an impact But World Peace knows that his son’s path to the national team—or any team for that matter—won’t be easy just because he’s the son of the former Ron Artest.“I told him it doesn’t mean that you’re my son is that you can play basketball in America, or you can play anywhere in the world and you’ll get to the team. You have to earn it,” he said. “And he’s working really hard. I’m so proud of him and I hope it all works out. He definitely wants to be on the team.”RELATED VIDEO Teen gunned down in Masbate ADVERTISEMENT Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ Albay to send off disaster response team to Batangas Vilma Santos, Luis Manzano warn public of fake account posing as her Metta World Peace. Photo by Randolph B. Leongson/ INQUIRER.netFor Metta World Peace, having his Fil-American son Jeron Artest don the Philippine colors will be one of his biggest achievements considering that he has never been called up for national team duty.“I was never invited to play to the Olympics. They said that they don’t need a player like myself for the team. That was tough for me because I wanted to play in the Olympics. So anytime your kid gets a chance to play for the national team, I do feel like it’s special. To play for the national team is really something different,” he said on Sunday.ADVERTISEMENT 787 earthquakes recorded in 24 hours due to restive Taal Volcano MOST READ Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Next 787 earthquakes recorded in 24 hours due to restive Taal Volcano End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend View comments