Stocks enter a ‘bear market’, takeaways from today’s Jan. 6 hearings, and more trending topics
Here’s a look at today’s trending news:
Stock market
Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors.
The Federal Reserve has signaled it will aggressively raise interest rates to try to control inflation, which is the highest in decades. Throw in the war in Ukraine and a slowdown in China’s economy, and investors have been forced to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. Big swings have become commonplace and Monday was no exception.
Here are some common questions asked about bear markets:
A slate of Black artists and musicians are set to take the stage at the Hollywood Bowl on June 19 for an inaugural Juneteenth concert that will be broadcast live on CNN.
Juneteenth
A slate of Black artists and musicians are set to take the stage at the Hollywood Bowl on June 19 for an inaugural Juneteenth concert that will be broadcast live on CNN.
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The “Juneteenth: A Global Celebration for Freedom,” produced by Black creators Shawn Gee of Live Nation Urban and Jesse Collins Entertainment, will celebrate the 157th anniversary of Juneteenth and highlight the ongoing fight for equality in the Black community.
Juneteenth, or June 19, commemorates the emancipation of enslaved people in the US. Last year President Joe Biden signed a bill establishing it as a federal holiday.
A video of former President Donald Trump speaking is displayed as the House select committee investigating the Jan. 6 attack on the U.S. Capitol continues to reveal its findings of a year-long investigation, at the Capitol in Washington, Monday, June 13, 2022.
Jan. 6 hearings
The House committee investigating the January 6, 2021, attack on the US Capitol detailed Monday how those around then-President Donald Trump told him he lost the 2020 election — but he refused to listen, turning instead to his attorney Rudy Giuliani to embrace false claims that the election was stolen.
The hearing Monday was one witness short from what was planned, but the panel heard testimony from a former Fox News digital politics editor, a conservative lawyer, a former US attorney and a former Republican election official — who all said it was clear President Joe Biden won the election and Trump’s claims of fraud were nonsense.
Here are the key takeaways, as per CNN:
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Donald Trump’s closest campaign advisers, top government officials and even his family were systematically dismantling his false claims of 2020 election fraud ahead of the Jan. 6 attack on the Capitol. But the defeated president seemed “detached from reality,” clinging to outlandish theories to stay in power. That’s the assessment from former Attorney General Bill Barr testifying at Monday’s House hearing investigating the insurrection. The panel is delving deeper into what it calls the “big lie,” the defeated Republican president’s false claims of voter fraud. The panel says Trump’s falsehoods provoked a mob of his supporters to attack the Capitol.
The House committee investigating the Jan. 6 attack on the U.S. Capitol is going public with its findings. Lawmakers hope to show the American public how democracy came to the brink of disaster. The series of hearings that will take place over the next several weeks began with a prime-time opener Thursday night. The second hearing is scheduled for Monday. More than 1,000 people have been interviewed by the panel, and only snippets of that testimony have been revealed to the public, mostly through court filings.
A police officer lauded for his bravery during the U.S. Capitol riot has publicly testified for the first time about his confrontation with a mob that chased him up a staircase. Capitol Police officer Eugene Goodman was a government witness on Monday at a trial for a father and son from Delaware charged with storming the Capitol together. Goodman said the father, Kevin Seefried, was carrying a Confederate battle flag and jabbed at him with the flagpole. Goodman has been hailed as a hero for leading a group of rioters away from the Senate chamber and up a set of stairs to an area where other officers were waiting.
After the arrest of more than two dozen members of a white supremacist group near a northern Idaho pride event, including one identified as its founder, LGBTQ advocates said Sunday that polarization and a fraught political climate have put their community increasingly at risk. Police say the 31 Patriot Front members were arrested with riot gear came after a tipster reported seeing people loading up into a U-Haul at a hotel parking lot in Coeur d’Alene, Idaho. Among those arrested was Thomas Rousseau of Grapevine, Texas, who has been identified by the Southern Poverty Law Center as the 23-year-old who founded the group.
Day after day, Russia is pounding the Donbas region of Ukraine with relentless artillery and air raids, making slow but steady progress to seize the industrial heartland of its neighbor. With the conflict now in its fourth month, it’s a high-stakes campaign that could dictate the course of the entire war. If Russia prevails in the battle of Donbas, it will mean that Ukraine loses not only land but perhaps the bulk of its most capable military forces, opening the way for Moscow to grab more territory and dictate its terms to Kyiv. A Russian failure could lay the grounds for a Ukrainian counteroffensive — and possibly lead to political upheaval for the Kremlin.
A review by federal health officials says that Pfizer’s COVID-19 vaccine appears safe and effective for children under 5, the only group not currently eligible for vaccination. The review from the Food and Drug Administration is a key step toward an expected decision to begin vaccinating babies, toddlers and preschoolers as soon as June 21. Parents have been waiting months to protect America’s youngest children, who number roughly 18 million. On Wednesday the FDA will ask an outside panel of experts to vote on whether to recommend the shots.
U.S. regulators have historically inspected baby formula plants at least once a year, but they did not inspect any of the three biggest manufacturers in 2020. That’s according to federal records reviewed by The Associated Press. The FDA has consistently inspected infant formula facilities annually. But in early 2020, the FDA pulled most of its safety inspectors from the field because of the pandemic. So it skipped thousands of routine plant inspections. The gap in baby formula plant inspections is getting new scrutiny from Congress and government watchdogs. That’s because one Michigan factory had to be closed for contamination, turning a supply shortage into a full-blown crisis that sent parents scrambling to find formula.
Authorities say firefighters are responding to a wildfire about six miles north of Flagstaff, Arizona, that has forced evacuations. Coconino National Forest officials say the Pipeline Fire was reported at 10:15 a.m. Sunday by a fire lookout. By late that evening, it had burned approximately 4,000-5,000 acres, pushing about 15 miles. Forest Service law enforcement say they have arrested and charged a 57-year-old man with natural resource violations, without providing further details. Officials say the Arizona Snowbowl and people living in the west Schultz Pass Road area must evacuate. People living in Doney Park and the area near Mt. Elden should be prepared. Officials have closed U.S. Route 89.
“A Strange Loop,” an irreverent, sexually frank work about Blackness and queerness took home the best new musical crown at the Tony Awards on Sunday, as voters celebrated Broadway’s most racially diverse season by choosing an envelope-pushing Black voice. Michael R. Jackson’s 2020 Pulitzer Prize drama winner is a theater meta-journey and also won for best book. Many of the night’s Tonys were spread over several productions. “A Strange Loop” beat “MJ,” a bio musical of the King of Pop’s biggest hits for the top prize, although that Jackson musical nabbed four Tony Awards
Country music star Toby Keith says he has been undergoing treatment for stomach cancer since last fall. The multi-platinum-selling singer said Sunday on Twitter that he underwent surgery and received chemotherapy and radiation in the past six months. The Oklahoma native turns 61 on July 8. He said in the post that he looks forward to spending time with his family. The status of Keith’s performances for the remainder of this year wasn’t immediately clear. His next performance is scheduled for June 17 in Wheaton, Illinois. His publicist, Elaine Schock, says some tour dates will be canceled.
Daniel Suárez became the first Mexican-born driver to win a NASCAR Cup Series race on Sunday on Sonoma Raceway. The 30-year-old Mexican driver held off Chris Buescher to claim his first victory in his 195th career start. He also drove his Trackhouse Racing Chevrolet to the third Cup Series victory for this 2-year-old team co-owned by former driver Justin Marks and music star Pitbull. Suárez got past Buescher and took charge on this hilly road course in Northern California wine country early in the final stage, and he persevered through a pit stop and a caution to emerge with his lead intact with 23 laps to go.
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