Source: MarketWatch

U.S. stocks convulsed lower Thursday midday, amid signs of a resurgence of cases of the illness derived from the novel strain, and as investors digested Wednesday’s downbeat economic outlook from the Federal Reserve.

The market moves came even as the number of Americans filing for first-time jobless benefits declined again in the most recent week.

How are benchmarks performing?
The Dow USJIA was 1,481 points, 5.5%, midday Thursday, near 25,501, while the S&P 500 US:SPX gave up 148 points or 4.6% to trade near 3,044. The Nasdaq Composite US:COMP was down about 387 points, 3.9%, near 9,635, one day after charting a record above 10,000. The small-cap Russell 2000 US:RUT slid 85 points, or 5.8%, notching its worst one-day performance in 10 weeks.

On Wednesday, the Dow fell 282.31 points, or 1%, to end at 26,989.99. The S&P 500 shed 17.04 points, or 0.5%, finishing at 3,190.14. The Nasdaq climbed 66.59 points, or 0.7%, to close at 10,020.35.

Read more: https://www.marketwatch.com/story/dow-futures-tumble-550-points-as-stock-market-investors-watch-rising-cases-of-coronavirus-fed-offers-grim-outlook-of-us-economy-2020-06-11

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Huge losses today...

I'll use this example to show what I know: Let's say you buy $100 in stock for a company, and it rises to $1,000. That's a $900 profit. If you sell all $1,000 worth, you pay the taxes on the profit ($900), not the initial $100. Tax rates depend if they are held for a year or more, and what your bracket is. That much I know.

Now, here's what I don't know: Is it taxed right away or manually? When the stock is sold, do the taxes automatically come out? Like if you sold the $1,000 in stock ($900 profit) you had, is $1,000 cash deposited to your brokerage account, or is it like $920 (or whatever the rate is), with taxes you owe taken out? Please let it be this way. That would make it so much easier than doing it manually and remembering everything by tax day.

Here's just a few of them, there are more in the link. What baffles me the most is that 3% of blacks think police treat blacks better than whites. WTF? Also, the 4% spread in the Presidential race is insane. Why so close after all of this? Isn't CBS reliable?

https://www.cbsnews.com/news/americans-see-differences-in-how-police-treat-whites-and-blacks-cbs-news-poll/

Source: Daily Beast

A young black protester was shot dead outside a bar in Omaha as unrest across the nation engulfed the Nebraska city—and the white bar owner was reportedly in custody.

The victim was identified as 22-year-old James Scurlock, whose father called for justice as the city braced for another night of chaos.

“Last night I lost a son, my wife lost a son, my kids lost a brother,” the grieving dad, who has the same name, told reporters at the Malcolm X Memorial Foundation Visitors Center,

“His daughter lost a father. All because he decided to protest against racism. There’s a lot of speculation and rumors about how this happened. I don’t really care to be honest. My family wants closure and peace.

Read more: https://www.thedailybeast.com/black-protester-james-scurlock-shot-to-death-outside-omaha-bar?ref=home

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Tragic.

Who here enjoys it? It's a famous Louisiana dish, but this Yankee loves it! I made it last night with andouille and smoked sausage, and even a small piece of pepperoni. Pork hocks were added as well. It came out nice, but put a little too much Louisiana Hot Sauce and it wasn't quite thick enough either.

Anyway, here's a pic (not mine). Eating leftovers in a little while!

He has threatened to do it. Can he? Or does he need Congressional approval? Can it be done without declaring Martial Law?

Source: NBC News

New York Mayor Bill de Blasio defended the New York City Police Department after a pair of the force's SUVs drove into a crowd during Saturday's protest against George Floyd's death.

De Blasio reacted after videos were posted to social media, which showed protestors moving a yellow barrier in front a police vehicle in Brooklyn. Protestors threw traffic cones and other items at the SUV as a second vehicle arrived and slowly drove through the crowd forming around it.

The first vehicle then drove into the barricade at a higher speed, sending people sprawling. Multiple city officials told NBC News there were no injuries as a result of the incident.

"It is inappropriate for protestors to surround a police vehicle and threaten police officers," he said. "That's wrong on its face and that hasn't happened in the history of protests in this city."

Read more: https://www.nbcnews.com/news/us-news/new-york-mayor-bill-de-blasio-defends-police-after-video-n1220246?fbclid=IwAR3g-iLkXdu30GHjArF4Ecs2OzUMyqqB2rRQN0pjBm9YiKa_4BZn_500e0g

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In Utah!!! This is cause for celebration if it's that close in bright Red Utah! If it were another Republican, they would be up by 30. Perhaps attacking mega-popular Romney (in Utah) wasn't such a good idea.

https://utahpolicy.com/index.php/features/today-at-utah-policy/23932-poll-donald-trump-leads-biden-by-just-3-points-in-utah

Source: Times of San Diego

Gov. Gavin Newsom issued guidance Monday to churches and other houses of worship in California on how they can safely reopen amid the ongoing COVID-19 pandemic.

Under the guidelines, places of worship must limit attendance to 25% of building capacity or 100 attendees, whichever is lower. This limitation will be in effect for the first 21 days of a county public health department’s approval of religious services within their jurisdictions, after which the California Department of Public Health will review the limits.

They must also arrange for social distancing of at least 6 feet between people, establish and implement a COVID-19 prevention plan for every location, train staff on the plan, and regularly evaluate workplaces for compliance.

Among the other guidelines:

Read more: https://timesofsandiego.com/politics/2020/05/25/gov-newsom-churches-can-reopen-for-services-with-100-person-limit/

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Love you, Governor, but disagree with you on this.

Source: CBS News

Video showing a group of furious shoppers berating a woman who wasn't wearing a face covering at a Staten Island ShopRite went viral over Memorial Day weekend. Due to the coronavirus pandemic, New Yorkers are required to wear masks or face coverings when out in public and unable to follow social distancing guidelines.


The footage shows customers yelling at the woman and demanding she leave the ShopRite because she isn't wearing a mask. The video, which was originally shared on Facebook, gained popularity on social media after a Twitter user reposted it Sunday night. (Warning: The following video contains language that may be offensive to some.)

A ShopRite spokesperson told CBS News in a statement Monday that the incident happened two weeks ago and the store management reported it to authorities. ShopRite said customers who notice others that aren't wearing face coverings should notify customer service and not take the matter into their own hands.

"Preventing the spread of COVID-19 is a shared responsibility. At ShopRite, we continue to adhere to our sanitation and social distancing protocols to ensure our stores remain a safe place for associates and customers to work and shop," the company said in a statement. "We are all in this together and we ask for everyone to be patient and understanding during this difficult time."

Read more: https://www.cbsnews.com/news/shoppers-at-staten-island-grocery-store-scream-at-woman-for-not-wearing-mask-2020-05-25/

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https://twitter.com/i/status/1264721468761481216