Mercifully, that session is over.
The major indices had a rough day of trading as international trade tensions rose between the U.S. and China.
The Dow Jones Industrial Average was fell 1.82%, or 448 points to 24,132, while the Nasdaq was the biggest loser on the day, falling 2.64%, or 203 points, and the S7P 500 declined 1.86%, or 51 points.
Venmo Unveils Physical MasterCard-Branded Debit Card
Online payment company Venmo is stepping into the real world with a MasterCard (MC) -branded debit card that debuted Monday.
The company has been testing the card for months in partnership with Visa (V) , but it has switched to MasterCard for its official release.
The card is issued by the Bancorp Bank and users can deactivate the card from within the Venmo app if it is ever stolen.
Walgreens Pharmacist Denies Woman Miscarriage Meds
An Arizona woman says a pharmacist at Walgreens (WBA) declined to fill her prescription for medicine designed to induce miscarriage due to his personal beliefs.
She was later able to get the prescription filled at another location.
Walgreens says that it allows pharmacists to decline to fill a prescription "for which they have a moral objection" but that it also requires those workers to refer the customer to someone who can perform that service for them.
Toys 'R' Us to Close All of Its Doors Friday
Toys 'R' Us is preparing to close all of its remaining stores on Friday as the toy retailer enters the final throes of its demise.
Stores with excess inventory are reportedly offering discounts between 60% and 80% as the once iconic retailer liquidates.
Toys 'R' Us filed for bankruptcy last year amid competition from Amazon (AMZN) as shoppers gravitated away from the store.
Chances of U.S. Recession Are Rising, BBVA Says
The good times can't last forever.
Spanish bank BBVA says that there is now a 16% chance that the U.S. economy heads into a recession in the next 12 months, that's up from the 5.2% chance it estimated in January.
The BBVA indicators use market gauges including the shrinking difference between short- and long-term Treasury yields.
The trepidation comes at a time of expansive growth including the U.S. GDP which has climbed 2.2% during the first three months of the year.
However, the Dow Jones Industrial Average has shown signs of stress, falling for nine of the previous 10 sessions Monday. Meanwhile, the Nasdaq is having its worst day of trading in over a month.
AT&T Accused of Using Unethical Sales Tactics o Push TV Subs
AT&T (T) is facing internal allegations that the company has encouraged its sales team to aggressively push its streaming service DirecTV Now.
Hawaii News Now spoke with several employees, including some who claim they were fired for engaging in the practices that they are now reporting..
Sales reps would offer a trial of the streaming service with a promise to cancel any charges on their account before it automatically renewed and charged subscribers $35 a month.
AT&T shares were basically flat at $31.69 Monday morning.
Uber Heads to Court to Keep London License
Uber went to an appeals to court in London to hold on to its license to operate in the city after a court ruled that the ride-hailing service is not fit to run a taxi service in London.
The Regulator Transport for London declined to renew the company's license last September.
Uber has taken multiple steps to appease regulators since its license was not renewed, including 24/7 telephone support and putting more onus on the reporting of serious incidents.
U.S. futures were falling across the board Monday as the world braces for a new round of saber-rattling amid trade tensions between China and the U.S., the world's two largest economies.
U.S. announced plans to limit Chinese investment in U.S. tech firms with the U.S. Treasury Department drafting rules that would limit prohibit firms that are at least 25% Chinese owned from buying U.S. companies with "industrially significant technology."
The news sent Dow futures down 0.76%, indicating an open 188 points lower, while S&P futures were falling 0.59%, indicating an open 16 points lower, and Nasdaq futures declined 0.92%, indicating an open 66 points lower.
In Asia, the Shanghai Composite dropped 1.05%, bringing the index into a bear market following its January high, while the Hang Seng fell 1.29% and the Nikkei declined 0.79%.
In Europe, the FTSE 100 was falling 1.19%, while the DAX in Germany fell 1.29%, and the CAC 40 declined 0.75% with about four hours left in trading.