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Stock trading halted after Dow sinks by nearly 10 percent one minute after opening

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For the third time in a week, the stock market has temporarily halted trading after the Dow Jones Industrial Average plummeted shortly after the opening bell.

The Dow on Monday set off circuit breaker protocols less than two minutes after the opening as stocks plunged by 2,250 points, or nearly 10 percent of the market’s total value.

The market’s latest plunge came after the Federal Reserve on Sunday issued a full one-point rate cut in an effort to stem off economic damage being inflicted by the coronavirus pandemic.

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Markets rose on Friday after President Donald Trump gathered with several top business leaders in the White House Rose Garden to tout their work in trying to slow the spread of the coronavirus, and Trump even boasted afterward that he had created the “BIGGEST STOCK MARKET RISE IN HISTORY.”

That triumph was short-lived, however, as markets proceeded to crash yet again just three days later.


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Another government watchdog resigns — months after Trump fired the old one: report

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On Wednesday, The Washington Post reported that the State Department inspector general is resigning — just four months after Trump brought him on to replace the one he previously fired.

"Stephen Akard’s departure, which will be effective Friday, was announced to staff by his deputy, Diana R. Shaw, who told colleagues she would temporarily become the acting inspector general in his stead," reported John Hudson.

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Trump has now predicted COVID will ‘go away’ in each of the last seven months

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President Donald Trump on Wednesday told "Fox & Friends" that the novel coronavirus "will go away, like things go away."

As Democratic political operative Daniel Wessel notes on Twitter, this is not the first time the president has made bold declarations about the virus disappearing.

Back in February, Trump said the virus "miraculously goes away," then said in March that "it'll go away," and then in April declared that "it's going away."

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2020 Election

‘Scared’ Republicans ask House minority leader to lay out an agenda since Trump can’t

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House Republican Leader Kevin McCarthy (R-CA) has handed out talking points describing the GOP agenda for the upcoming election, since President Donald Trump has been unwilling to chart a course himself.

Some lawmakers "were scared" when Trump was unable to detail his second-term strategy when asked in a recent interview, so several Republicans asked McCarthy to produce an agenda for their own re-election campaigns, reported Axios.

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