NEW YORK (AP) — Stocks fell in morning trading Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.4%, with more than 80% of stocks in the benchmark index losing ground. Still, the index is managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 402 points, or 0.9%, to 42,945 as of 10:41 a.m. Eastern time. The Nasdaq composite fell 2%. Both the Dow and the Nasdaq are also holding on to weekly gains. Technology stocks were the biggest drag on the market Friday. Semiconductor giant Nvidia slumped 3.2%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2.2% decline. A wide range of retailers also fell. Amazon fell 2.2% and Best Buy slipped 1.9%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy was the only sector within the S&P 500 rising. It gained 0.5% as crude oil prices rose 0.8%. Investors don't have much in the way of corporate or economic updates to review as the market moves closer to another standout annual finish. The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury remained at 4.59% from late Thursday. The yield on the two-year Treasury slipped to 4.32% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
Pete Hegseth, president-elect Donald Trump’s nominee for secretary of Defense, has close ties to an Idaho-based Christian nationalist church that aims to turn America into a theocracy. Hegseth is a member of a Tennessee congregation affiliated with Christ Church, a controversial congregation in Moscow, Idaho, that has become a leader in the movement to get more Christianity in the public sphere. In an appearance last year on the Christ Church-connected streaming show “Crosspolitic,” Hegseth talked about how building up fundamentalist Christian education systems is important in what he sees as a “spiritual battle” with the secular world. He sees Christian students as foot soldiers in that war and refers to Christian schools as “boot camp.” “We’re in middle phase one right now, which is effectively a tactical retreat where you regroup, consolidate and reorganize and as you do so, you build your army underground with the opportunity later on of taking offensive operations — and obviously all of this is metaphorical and all that good stuff,” he said on the show. Hegseth did not immediately respond to requests for an interview. Hegseth has spoken positively about Christ Church Pastor Doug Wilson’s writings Christ Church is led by Pastor Doug Wilson, who founded the Calvinist group of churches called the Communion of Reformed Evangelical Churches, or CREC. CREC has congregations in nearly all 50 states and several foreign countries. Hegseth’s church is a member of CREC, and Hegseth has spoken positively of Wilson’s writings. Wilson and his allies have a rigid patriarchal belief system and don’t believe in the separation of church and state. They support taking away the right to vote from most women, barring non-Christians from holding office and criminalizing the LGBTQ+ community. Recently, Wilson has increased his influence nationally as he’s built a religious, educational and media empire. His Association of Classical Christian Schools has hundreds of fundamentalist schools around the country, and his publishing outfit Canon Press churns out dozens of titles a year as well as popular streaming shows that highlight unyielding socially conservative ideals. In the recently released podcast, “Extremely American” (created by this reporter), Wilson says one of his goals is to get like-minded people into positions of influence. In an emailed response for this story, he said he’s closer to that post-election and that he supports Hegseth’s nomination, though he downplayed any influence he has on him. “I was grateful for Trump’s win, and believe that it is much more likely that Christians with views similar to mine will receive positions in the new administration,” he said. Hegseth nomination could threaten cohesion, diversity of U.S. military, experts say That’s what worries Air Force veteran Mikey Weinstein, who is the president of the Military Religious Freedom Foundation. Weinstein says Hegseth, if confirmed as secretary of Defense, would threaten the cohesion of a religiously and racially diverse U.S. military. “Pete Hegseth is a poster child for literally everything that would be the opposite of what you would want to have for someone who’s controlling the technologically most lethal organization in the history of this country,” he said. Weinstein sees Hegseth’s nomination as an example of the dangers of Project 2025, a 900-page policy paper written by far-right political activists. It lays out a plan to gut the federal government and install Christian nationalist ideals. “Christian nationalism is an absolute fatal cancer metastasizing at light speed (for) the national security of this country,” he said. “It is a Christian version of the Taliban.” Matthew D. Taylor, senior scholar at the Institute for Islamic, Christian and Jewish Studies, said Hegseth is “one of the most extreme far right figures ever nominated to a cabinet post, at least in modern memory.” Taylor said he’s broadly concerned about Christian nationalists, who tend to take a dim view of democracy, potentially having a lot of sway in this administration. “I think we should expect a profound degradation of our democratic norms of the rule of law, and I think we are edging closer to a de facto Anglo Protestant establishment, of the kind where Anglo Protestant Christianity as the de facto official religion in the United States,” he said. Hegseth faces some headwinds in his nomination process due to multiple marital sex scandals and the recent revelation that he paid a woman who accused him of sexual assault in exchange for her not speaking about it. He denies he assaulted her but admits he paid her. He’s also gotten criticism for tattoos that are symbols of the Crusades and wrote a book titled “American Crusade,” where he derides Muslims. Before becoming a TV personality, Hegseth led the conservative veterans group Concerned Veterans for America, which advocated for increased privatization of veterans’ health care. He has also said that women should not be allowed to serve in combat roles in the military, and has complained about what he terms “woke” policies in the military.None
Kim Kardashian was left requiring medical attention after suffering a major injury. The 44-year-old star has been forced to use crutches as she shared the news with her fans this evening. She shared a photo of her foot in a black medical boot and wrote: "FML. Broken my foot for the holidays." Kim didn't tell her followers how the incident happened, however was busy celebrating her son's birthday yesterday. Saint, who she shares with ex Kanye West , turned nine and his famous mum issued a sweet message online. Kim said: “My birthday boy Saint turns 9 today. I was going through my photos and most of our pics are snuggling cuddling pics. I always wanna believe that my little man will be this snuggly forever! So cheers to one of my soulmates for being the sweetest boy. Happy birthday. I love you.” Just last week, Kim posted photos on her Instagram of herself rocking a skintight white outfit with red fishnet stockings and high heels. In the snap, Kim posed by a floor-length mirror, facing her back towards the camera and turning her head to pose. Her foot was clearly not broken in the photo, yet fans took issue with another aspect of the snap. Some followers accused the reality TV star of photoshopping her photo. Her reflection could be seen in the mirror next to her and fans claimed her bum looked different in the mirror. One user screengrabbed the photo and shared it on the KUWTK Snark subreddit, with them writing: " Mirror , Mirror on the Wall. Oops! She forgot to photoshop the mirror. Reality photobombed her photoshop ph**kery." They added: "The mirror doesn't lie." The comment section was filled with people who shared their extreme dislike for the star. One user wrote: "'Her a** is HUGE here and she’s clearly photoshopped thinner, so imagine how big it must really be now...." Another said: "She is such a joke. Everybody grab your popcorn and tune in to see how this s**t show ends." Kim has recently been busy filming for her role in Ryan Murphy's show All's Fair. She previously worked with him on American Horror Story: Delicate and returned to filming for the new series. It also stars Sarah Paulson, Glenn Close, Niecy Nash-Betts, Teyana Taylor and Naomi Watts. Details of the production are still under wraps but Kim and Sarah serve as executive producers on the upcoming series. Sarah recently spoke to Variety about Kim's performance as she said: “It’s wonderful. She’s incredibly present. She’s fun, she’s game, she’s alive to the moment, she’s great." Sarah also revealed she received a basket filled with Skim products on their first day of filming. Kim launched the shapewear brand just five years ago and has been wore on countless celebrities. Follow Mirror Celebs on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .
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Number of women who are state lawmakers inches up to a record highLowtemp Industries Releases Groundbreaking New Concentrate Dispenser That Increases Cannabis Extracts Packaging Efficiency by Over 800%Libs Are Blasting Pete Hegseth For His Tattoos. Have They Not Looked In A Mirror Lately?NEW YORK — United States Rep. Ritchie Torres says he's "open to" running for governor in New York after questioning the actions of Gov. Kathy Hochul and Mayor Eric Adams. Torres has been highly critical of the job Hochul is doing. "We've seen a rise in crime in New York state and New York City. If she calls that governing, the majority of New Yorkers aren't impressed," he said. Torres wrote a letter to the governor and the mayor , claiming they were complicit in the release of Ramon Rivera, who fatally stabbed three people in New York City last week . Hochul reacted to the letter Tuesday, saying, "I'm not politicizing that tragedy. I refuse to politicize what was a horrific attack destroying families just before the holidays." When asked about the possibility that Torres was using the attack as a springboard to a political campaign against her, Hochul said, "I actually don't care what he's doing." Torres, meanwhile, said, "I've made no decision to run for governor. I'm open to it, but I've made no final decision." Adams was also asked about Torres' charges that the city failed to keep Rivera in prison despite his assault of a correction officer. "I can understand the concerns that the congressman raised and others have raised, but we can't be revisionist. I don't think there has been an elected official in the city that has been more vociferous around people with severe mental health illness ," he said. Both the governor and the mayor insist the city has increased services for those struggling with mental health issues . On social media late Tuesday afternoon , Torres said he had a productive conversation with the mayor, and he supports the mayor's efforts to build mental health institutions in the city. Marcia Kramer joined CBS News New York in 1990 as an investigative and political reporter. Prior to CBS2, she was the City Hall bureau chief at the New York Daily News.