BENNETT THE U-S STOCK MARKETS REMAINED MOSTLY FLAT TODAY – HOLDING MOST OF WEDNESDAY’S STEEP LOSSES – TIM: THATS AFTER THE DOW CLOSED DOWN MORE THAN 800 POINTS WEDNESDAY- FUELING ONGOING FEARS OF A LOOMING RECESSION. ABC’S AARON KATERSKY IS IN NEW YORK WITH OUR TOP STORY TODAY AT 5.. “STOCK MARKETS – MORE SETTLED TODAY – AFTER THE DOW HAD ITS WORST DAY OF THE YEAR YESTERDAY – LOSING JUST OVER EIGHT HUNDRED POINTS. ON WEDNESDAY – THE YEILD ON 10- YEAR TREASURY NOTES DIPPED BELOW THE YIELD OF TWO-YEAR U-S NOTES – RESULTING IN AN INVERTED YIELD CURVE. THE LAST TIME THIS HAPPENED WAS 2007 – JUST BEFORE THE GREAT RECESSION. SOT REBECCA JARVIS/ ABC NEWS CHIEF BUSINESS CORRESPONDENT: “THINK ABOUT IT LIKE THIS, WHAT IT’S TELLING WALL STREET IS THAT A RECESSION, COULD BE COMING IN THE NEXT SIX TO 18 MONTHS.” BUT — A REPORT SHOWING STRONGER-THAN- EXPECTED RETAIL SALES AND A SOLID PROFIT FROM WALMART – APPEARING TO RELIEVE SOME CONCERNS – TODAY THE WHITE HOUSE ASSURED THE U-S ECONOMY IS STRONG. SOT: MARC SHORT/ CHIEF OF STAFF, TO V.P. PENCE “THERE’S BEEN, FROM FOREIGN INVESTORS, A DESIRE TO PURCHASE AMERICANS BONDS WHERE IT’S SAFE BECAUSE THEY’RE CONCERNED ABOUT THE ECONOMY ELSEWHERE” THIS WEEK PRESIDENT TRUMP BACKED OFF THREATS TO IMPLEMENT TARIFFS ON MILLIONS OF DOLLARS WORTH OF SOME POPULAR CHINESE GOODS. SOT: FRANCIS LUN, STOCK ANALYST “I THINK THE ASIAN MARKETS WILL STABILIZE THE NEAR FUTURE TO THE END OF THE YEAR. IF THERE’S A TRADE DEAL BETWEEN THE US AND CHINA, I THINK THE MARKET COULD REBOUND.” THE PRESIDENT – BLAMING THE FEDERAL RESERVE – EVEN THE MEDIA – FOR THE VOLATILITY, TWEETING -THE FAKE NEWS MEDIA IS DONG EVERYTHING THEY CAN TO CRASH THE ECONOMY BECAUSE THEY THINK THAT WILL BE BAD FOR ME AND MY RE- ELECTION. AARON TAG: SO, WHAT DOES THIS MEAN FOR YOUR 401 K? EXPERTS SAY – TIM: THE DOW JONES INDUSTRIAL AVERAGE CLOSED THIS AFTERNOON 100 POINTS HIGHER THAN WEDNESDAY… THAT’S LESS THAN 1 PERCENT HIGHER. —- IT CAN BE TOUGH TO MAKE ENDS MEET FOR MANY AMERICANS – AND A RECENT SURVEY HAS FOUND THAT

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