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We Just Witnessed the Fastest Stock Market Correction on Record

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A mother made her son do pushups in a store's bathroom because he wouldn't listen

  • Molly Wooden was in the restroom at a Hobby Lobby store in Killeen on Sunday when she saw another mom, Nicki Harper Quinn, disciplining her 10-year-old son.
  • In the photo, Harper Quinn appears to be holding her youngest son in her right hand while watching her 10-year-old son Kingston over her left shoulder complete his punishment pushups.
  • Harper Quinn told CNN while she was shopping in Hobby Lobby her son Kingston was "doing what normal 10-year-olds do, touching things and bothering his little brother"-- not listening to what she had asked him to do.
  • Harper Quinn said after he finished his pushups he got up, washed his hands and they went back out into the store.
  • The store's restroom seemed like a private and safe area to discipline Kingston, according to Harper Quinn.

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Republican officials are privately bracing for the possibility that a virus-hit US economy could hurt Trump in the election

  • The White House has attempted in recent days to downplay the effects the novel coronavirus could have on US growth.
  • But behind closed doors, Republican officials have started to worry a faltering economy could undermine President Donald Trump's strongest case for re-election.
  • The official, who was granted anonymity by Business Insider to speak candidly about the president, acknowledged there was an awareness of potential political implications among members of the task force in charge of the respiratory illness COVID-19.
  • Financial markets extended sharp losses this week after the Centers for Disease Control warned the coronavirus, which has spread outside of China to more than three dozen countries, would almost certainly hit communities throughout the US.
  • Trump has continued to campaign on the wave of economic populism that helped propel him to the White House in 2016, even turning to some of them in the face of the outbreak.

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Republican officials are privately bracing for the possibility that a virus-hit US economy could hurt Trump in the election

  • The White House has attempted in recent days to downplay the effects the novel coronavirus could have on US growth.
  • But behind closed doors, Republican officials have started to worry a faltering economy could undermine President Donald Trump's strongest case for re-election.
  • The official, who was granted anonymity by Business Insider to speak candidly about the president, acknowledged there was an awareness of potential political implications among members of the task force in charge of the respiratory illness COVID-19.
  • Financial markets extended sharp losses this week after the Centers for Disease Control warned the coronavirus, which has spread outside of China to more than three dozen countries, would almost certainly hit communities throughout the US.
  • Trump has continued to campaign on the wave of economic populism that helped propel him to the White House in 2016, even turning to some of them in the face of the outbreak.

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Coronavirus may ebb and flow with seasons but not disappear - Business Insider

  • Chinese president Xi Jinping and President Donald Trump have both expressed optimism about impending springtime weather, since the warmth could stymie the virus' spread in a similar way to the seasonal flu.
  • If the coronavirus winds up fluctuating with the seasons like the flu, it could retreat in summer and return in the fall and winter each year.
  • Respiratory viruses are seasonal because cooler temperatures help harden a protective gel-like coating that surrounds the virus particles while they're in the air.
  • Plus, some countries don't experience dramatic seasonal changes at all, so "the flu circulates there year round," Adalja said.
  • According to Adalja, the new coronavirus may very well be endemic now, too — a member of the club of "community-acquired," constantly circulating coronaviruses.
  • That means the new coronavirus is spreading from person to person in the US, Adalja said, rather than just among people who were recently in China.

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Coronavirus may ebb and flow with seasons but not disappear - Business Insider

  • Chinese president Xi Jinping and President Donald Trump have both expressed optimism about impending springtime weather, since the warmth could stymie the virus' spread in a similar way to the seasonal flu.
  • If the coronavirus winds up fluctuating with the seasons like the flu, it could retreat in summer and return in the fall and winter each year.
  • Respiratory viruses are seasonal because cooler temperatures help harden a protective gel-like coating that surrounds the virus particles while they're in the air.
  • Plus, some countries don't experience dramatic seasonal changes at all, so "the flu circulates there year round," Adalja said.
  • According to Adalja, the new coronavirus may very well be endemic now, too — a member of the club of "community-acquired," constantly circulating coronaviruses.
  • That means the new coronavirus is spreading from person to person in the US, Adalja said, rather than just among people who were recently in China.

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Pro-Biden super PAC plans Super Tuesday investment as former vice president starts a comeback

  • A political action committee backing Joe Biden's run for president has decided to invest in key Super Tuesday states as they pick up wealthy financiers in the wake of what appears to be a comeback for the former vice president.
  • Bloomberg was, at first, slowly picking up some of Biden's top fundraisers, but since his sluggish debate performance in Nevada two weeks ago, many of those people have decided to shift back into the former vice president's corner and give to the super PAC instead, according to a person with direct knowledge of the matter.
  • The move by the super PAC comes as Biden is looking to pick up his first primary victory in South Carolina and trying to find momentum into next week's Super Tuesday contests.

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Chinese destroyer targeted US Navy aircraft with weapons-grade laser - Business Insider

  • A Chinese destroyer used a weapons-grade laser to target a US Navy P-8A surveillance aircraft flying above the Pacific last week, US Pacific Fleet said Thursday.
  • The laser appeared to be part of the destroyer's close-in weapon system, a PACFLEET spokeswoman told Insider.
  • PACFLEET accused the Chinese warship of violating international rules and regulations, including agreements on conduct at sea, by targeting the aircraft, which was operating in airspace above international waters, with a laser.
  • The latest incident is not the first time the US military has called the Chinese military out for the use of lasers against US assets and personnel.
  • In 2018, the Department of Defense accused the Chinese military, specifically personnel stationed at the country's first overseas military base in Djibouti, of using lasers to target US aircraft operating nearby, CNN reported at the time.

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Why this fund manager won't buy Tesla

  • Global fund manager Ned Bell knows long-term investing, having bought Apple shares at $US4.50.
  • The slide in the market value of Alphabet and Amazon below $US1 trillion ($1.5 trillion) highlights the risk-off mood permeating global markets as the virality and globality of COVID-19 elevates concerns about a hit to global growth from lower demand and supply chain disruptions.
  • Bell has been a long-time observer of the tech sector, having worked in funds management in San Francisco during the go-go years of the dot-com boom.
  • His time at the epicentre of global tech served him well as he first bought a stake in Apple in 2005 when it was trading at $4.50 a share, although he has sold down the fund's interest.
  • One part of the market that Bell sees plenty of growth in is global small-and mid-cap (SMID) stocks.

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Chinese destroyer targeted US Navy aircraft with weapons-grade laser - Business Insider

  • A Chinese destroyer used a weapons-grade laser to target a US Navy P-8A surveillance aircraft flying above the Pacific last week, US Pacific Fleet said Thursday.
  • The laser appeared to be part of the destroyer's close-in weapon system, a PACFLEET spokeswoman told Insider.
  • PACFLEET accused the Chinese warship of violating international rules and regulations, including agreements on conduct at sea, by targeting the aircraft, which was operating in airspace above international waters, with a laser.
  • The latest incident is not the first time the US military has called the Chinese military out for the use of lasers against US assets and personnel.
  • In 2018, the Department of Defense accused the Chinese military, specifically personnel stationed at the country's first overseas military base in Djibouti, of using lasers to target US aircraft operating nearby, CNN reported at the time.

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