Saint James City man sentenced to 5 years for possessing child sexual abuse materialSword-wielding Cape Coral man accused of threatening person with Molotov Cocktail
SAINT JAMES CITY Saint James City man sentenced to 5 years for possessing child sexual abuse material A St. James City man has been sentenced to five years for possessing images and videos depicting the sexual abuse of children.
CAPE CORAL Sword-wielding Cape Coral man accused of threatening person with Molotov Cocktail The Cape Coral Police Department arrested a man who allegedly threatened another person with a sword and Molotov Cocktail.
PORT CHARLOTTE Tampa Bay Rays announces spring training season in Port Charlotte The Tampa Bay Rays have announced spring training ticket information for the 2025 spring season in Port Charlotte.
Fort Myers Job Fair set to begin; on-site interviews and offers possible The Fort Myes Job Fair is set to begin, with over 100 openings available from various employers.
the weather authority Tracking rain and storms for your Wednesday afternoon The Weather Authority is tracking a strong cold front along with rain and storms throughout your Wednesday afternoon.
Man arrested following intense vehicle pursuit; accused of shooting into pregnant girlfriend’s home The Charlotte County Sheriff’s Office arrested a man accused of shooting into his pregnant girlfriend’s home and leading law enforcement through a multi-county pursuit.
Vehicle pursuit in Charlotte County ends in crash A pursuit between the Charlotte County Sheriff’s Office and a vehicle on Interstate 75 ended in a crash.
Red tide looms off Southwest Florida coastline Beware of the beach! Red tide is making its way towards Southwest Florida once again.
FORT MYERS BEACH $1.2 million approved for repairs for FMB and Sanibel schools This hurricane season left an expensive mess at Fort Myers Beach Elementary and the Sanibel school, but who’s paying the $1.2 million price tag?
FORT MYERS Teen carjacks woman after escaping mental health facility A teenager accused of carjacking a woman in a church parking lot on Friday had just escaped from a facility where he was being held under the Baker Act, according to the Lee County Sheriff’s Office.
Teachers union raises issues with Lee County School District after arbitration Being a teacher is just like any other profession. Teachers need to take days off, get sick, and sometimes cover for co-workers.
LABELLE LaBelle Animal Shelter hoping to raise money to avoid property being sold The owner of Animal Rescue Inc. in LaBelle is doing everything she can to prevent the shelter from disappearing in a matter of months.
County settlement allows Links of Naples golf course to redevelop into homes Collier County residents are vocalizing their concerns over the commissioner’s decision to develop housing on the Naples Golf Course.
FORT MYERS Fort Myers mayor weighs in on possible city hall relocation With Lee Memorial Hospital scheduled to close in 2027, discussions over what will replace the building are in full swing and whether Fort Myers City Hall is the right choice.
Toys for Tots: A 77-Year tradition of service and holiday cheer Toys for Tots aims to bring gifts to children and their families who may not be able to afford them for the holidays.
SAINT JAMES CITY Saint James City man sentenced to 5 years for possessing child sexual abuse material A St. James City man has been sentenced to five years for possessing images and videos depicting the sexual abuse of children.
CAPE CORAL Sword-wielding Cape Coral man accused of threatening person with Molotov Cocktail The Cape Coral Police Department arrested a man who allegedly threatened another person with a sword and Molotov Cocktail.
PORT CHARLOTTE Tampa Bay Rays announces spring training season in Port Charlotte The Tampa Bay Rays have announced spring training ticket information for the 2025 spring season in Port Charlotte.
Fort Myers Job Fair set to begin; on-site interviews and offers possible The Fort Myes Job Fair is set to begin, with over 100 openings available from various employers.
the weather authority Tracking rain and storms for your Wednesday afternoon The Weather Authority is tracking a strong cold front along with rain and storms throughout your Wednesday afternoon.
Man arrested following intense vehicle pursuit; accused of shooting into pregnant girlfriend’s home The Charlotte County Sheriff’s Office arrested a man accused of shooting into his pregnant girlfriend’s home and leading law enforcement through a multi-county pursuit.
Vehicle pursuit in Charlotte County ends in crash A pursuit between the Charlotte County Sheriff’s Office and a vehicle on Interstate 75 ended in a crash.
Red tide looms off Southwest Florida coastline Beware of the beach! Red tide is making its way towards Southwest Florida once again.
FORT MYERS BEACH $1.2 million approved for repairs for FMB and Sanibel schools This hurricane season left an expensive mess at Fort Myers Beach Elementary and the Sanibel school, but who’s paying the $1.2 million price tag?
FORT MYERS Teen carjacks woman after escaping mental health facility A teenager accused of carjacking a woman in a church parking lot on Friday had just escaped from a facility where he was being held under the Baker Act, according to the Lee County Sheriff’s Office.
Teachers union raises issues with Lee County School District after arbitration Being a teacher is just like any other profession. Teachers need to take days off, get sick, and sometimes cover for co-workers.
LABELLE LaBelle Animal Shelter hoping to raise money to avoid property being sold The owner of Animal Rescue Inc. in LaBelle is doing everything she can to prevent the shelter from disappearing in a matter of months.
County settlement allows Links of Naples golf course to redevelop into homes Collier County residents are vocalizing their concerns over the commissioner’s decision to develop housing on the Naples Golf Course.
FORT MYERS Fort Myers mayor weighs in on possible city hall relocation With Lee Memorial Hospital scheduled to close in 2027, discussions over what will replace the building are in full swing and whether Fort Myers City Hall is the right choice.
Toys for Tots: A 77-Year tradition of service and holiday cheer Toys for Tots aims to bring gifts to children and their families who may not be able to afford them for the holidays.
FILE- In this Nov. 28, 2018, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Dec. 4. (AP Photo/Richard Drew, File) Stocks slumped on Wall Street Tuesday as traders worried that the U.S. and China made less progress than originally thought on defusing their dispute over trade. Bond prices surged, sending yields sharply lower as investors turned to lower-risk assets. The Dow Jones Industrial Average fell nearly 800 points and the yield on the benchmark 10-year Treasury note declined to its lowest level in three months. The wave of selling erased the market’s gains from a day earlier, when stocks rallied after the administration said U.S. and China agreed to a temporary truce in their trade dispute. Investors’ confidence in that truce faltered Tuesday, contributing to renewed fears that the disagreement between the two economic powerhouses could slow the global economy. “This trade issue is the big overhang, the biggest ceiling, if you will, to keeping the markets from moving higher,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. Technology companies, banks and industrial stocks accounted for much of the broad sell-off. Utilities stocks rose. Smaller-company stocks fell more than the rest of the market. Big losses for Boeing and Caterpillar, major exporters which would stand to lose much if trade tensions persist, weighed on the Dow. The bond market signaled its concerns as the gap between two-year and 10-year Treasurys reached its narrowest difference since 2007. The 10-year yield is still higher, but not by much. When yields for long-term bonds drop lower than yields for short-term bonds, it’s what economists call an “inverted yield curve.” It indicates that investors are forecasting a weaker economy and inflation in coming years. An inverted yield curve has also preceded each recession of the last 60 years, though sometimes by more than a year. “You have the drop in bond yields and the implications on growth going forward,” said Willie Delwiche, investment strategist at Baird. “The bigger issue is you have this unwind from yesterday’s rally.” The S&P 500 index slid 90.31 points, or 3.2 percent, to 2,700.06. The Dow plunged 799.36 points, or 3.1 percent, to 25,027.07, more than erasing its 488-point gain over the previous two trading days. It was down as much as 818 points earlier. The technology-heavy Nasdaq composite lost 283.09 points, or 3.8 percent, to 7,158.43. Small-company stocks, which investors see as more risky than large multinationals, fell more than the rest of the market. The Russell 2000 index gave up 68.20 points, or 4.4 percent, to 1,480.76. The sell-off came ahead of Wednesday’s closure of U.S. stock and bond markets in observance of a national day of mourning for former President George H.W. Bush. The sharp turn in the markets followed a strong rally on Monday fueled by optimism over the news that President Donald Trump and his Chinese counterpart Xi Jinping had agreed at the G-20 summit over the weekend to a temporary, 90-day stand-down in the two nations’ escalating trade dispute. But the market’s optimism faded Tuesday amid published reports questioning the scant details out of the Trump-Xi talks and growing skepticism that Beijing will yield to U.S. demands anytime soon. “The actual amount of concrete progress made at this meeting appears to have been quite limited,” Alec Phillips and other economists at Goldman Sachs wrote in a research note. Delwiche echoed those doubts. “The sense is that there’s less and less agreement between the two sides about what actually took place,” Delwiche said. “There was a rally in the expectation that something had happened, the problem is that something turned out to be nothing.” Moody’s Investors Service suggested in a report Tuesday that despite the latest U.S.-China talks, both countries remain far from resolving their dispute. “Narrow agreements and modest concessions in their ongoing trade dispute will not bridge the wide gulf in their respective economic, political and strategic interests,” Moody’s analysts wrote. The trade dispute has rattled markets in recent months as signs emerged that it has begun affecting corporate profits. That’s stoked traders’ fears that if it drags much longer it could further weigh on global economic growth. “There are plenty of reasons to believe that growth in either the economy or the markets is going to soften next year,” Frederick said. The jitters helped drive demand for government bonds Tuesday, pushing prices higher. The yield on the 10-year Treasury note fell to 2.91 percent from 2.99 percent late Monday, a large move. The slide in bond yields, which affect interest rates on mortgages and other consumer loans, weighed on bank stocks. Citigroup fell 4.5 percent to $62.26. Chipmakers were among the biggest decliners in a technology sector slide. Advanced Micro Devices dropped 10.9 percent to $21.12, while Micron Technology lost 7.9 percent to $36.88. Homebuilders fell after luxury homebuilder Toll Brothers issued a cautious assessment of the housing market. Toll’s shares slid 1.6 percent to $32.99. Apple lost 4.4 percent to $176.69 after the consumer electronics giant was downgraded by HSBC analysts, citing the possibility that iPhone volume and value growth may moderate due to a saturated mobile phone market. United Parcel Service slumped 7.4 percent to $106.77 and FedEx dropped 6.3 percent to $215.52. Morgan Stanley analysts said in a note that the market was underestimating the challenge those companies would face from Amazon Air. Oil prices rose ahead of an OPEC meeting on Thursday, where members are expected to agree to cut output in 2019. Benchmark U.S. crude gained 0.6 percent to settle at $53.25 per barrel in New York. Brent crude, the international standard, added 0.6 percent to close at $62.08 per barrel in London. The dollar weakened to 112.82 yen from 113.69 yen late Monday. The euro was little changed at $1.1342. The British pound fell to $1.2716 from $1.2728. Gold gained 0.6 percent to $1,246.60 an ounce. Silver rose 1 percent to $14.64 an ounce. Copper fell 1.8 percent to $2.78 a pound. Wholesale gasoline gained 0.8 percent to $1.44 a gallon. Heating oil climbed 0.7 percent to $1.90 a gallon. Natural gas picked up 2.7 percent to $4.46 per 1,000 cubic feet. Overseas, Germany’s DAX lost 1.1 percent, while France’s CAC 40 dropped 0.8 percent. The FTSE 100 index of leading British shares slid 0.6 percent. Japan’s Nikkei 225 index gave up 2.4 percent and the Kospi in South Korea lost 0.8 percent. Hong Kong’s Hang Seng added 0.3 percent.