Students react to threat made at Florida Gulf Coast UniversityMissing and endangered boy found in Lehigh Acres
Students react to threat made at Florida Gulf Coast University Students at Florida Gulf Coast University said they don’t know the specifics of a threat made last week, but they do know it was taken care of.
Missing and endangered boy found in Lehigh Acres Authorities have found a missing and endangered boy in Lehigh Acres. Police asked for the public’s help in locating Zachariah McKelvin.
School District denies bus service to student despite mother’s measurements When we think of the bus stop, we typically think of it as a safe place for our children, but one mother says the Lee County School District told her they live too close to the school to get a bus route.
MATLACHA 2 stranded dolphins rescued from mangroves near Matlacha Two stranded dolphins were pulled from mangroves near Matlacha.
CAPE CORAL NAACP honors Cape Coral Police Chief after acknowledging hate crime NAACP President, James Muwakkil, was so impressed with Cape Coral Police Chief Anthony Sizemore that he wanted the entire city to know.
NAPLES Jingled Elves trolley tour underway Breaking out your best dance moves and spreading Christmas cheer. These ‘jingled elves’ are breaking it down with a purpose.
BONITA SPRINGS Bonita Springs Elementary School’s demolition plans There’s a new lesson plan at Bonita Springs Elementary School: Demolition 101. The school is set to be knocked down, and there’s good reason.
MARCO ISLAND Marco Island Councilmember’s dogs allegedly attack 13-year-old girl Councilor Tamara Goehler is coming under fire after her dogs allegedly attacked a 13-year-old girl and the girl’s five-month-old puppy.
PUNTA GORDA Gilchrist Park’s future brightens as boat cleanup commences The boats blocking Gilchrist Park are ready to be moved two years after Hurricane Ian.
Lee County Department of Health issues red tide alert for Bowman’s Beach The Florida Department of Health in Lee County has issued a health alert for the presence of red tide near Bowman’s Beach.
CAPE CORAL City of Cape Coral working on project to address canal safety An older Cape Coral couple drove into a canal last year. Neighbors are now saying something needs to be done about canal safety.
NAPLES Collier County mental health center receives $4 million donation A giant donation is dedicated to providing people with better mental health care in southwest Florida.
LABELLE City of LaBelle under precautionary boil water notice A water main break has the City of Labelle under a precautionary boil water notice.
ESTERO FGCU student wins ice dancing national championship FGCU sophomore Lucas Appel wins his second US Senior Solo Dance National Championship in three years.
Lee County Sheriff’s Office: Parent brings weapon to Lehigh Acres school According to a Lee County Sheriff’s Office report, there is probable cause to believe a woman unintentionally brought a firearm to school.
Students react to threat made at Florida Gulf Coast University Students at Florida Gulf Coast University said they don’t know the specifics of a threat made last week, but they do know it was taken care of.
Missing and endangered boy found in Lehigh Acres Authorities have found a missing and endangered boy in Lehigh Acres. Police asked for the public’s help in locating Zachariah McKelvin.
School District denies bus service to student despite mother’s measurements When we think of the bus stop, we typically think of it as a safe place for our children, but one mother says the Lee County School District told her they live too close to the school to get a bus route.
MATLACHA 2 stranded dolphins rescued from mangroves near Matlacha Two stranded dolphins were pulled from mangroves near Matlacha.
CAPE CORAL NAACP honors Cape Coral Police Chief after acknowledging hate crime NAACP President, James Muwakkil, was so impressed with Cape Coral Police Chief Anthony Sizemore that he wanted the entire city to know.
NAPLES Jingled Elves trolley tour underway Breaking out your best dance moves and spreading Christmas cheer. These ‘jingled elves’ are breaking it down with a purpose.
BONITA SPRINGS Bonita Springs Elementary School’s demolition plans There’s a new lesson plan at Bonita Springs Elementary School: Demolition 101. The school is set to be knocked down, and there’s good reason.
MARCO ISLAND Marco Island Councilmember’s dogs allegedly attack 13-year-old girl Councilor Tamara Goehler is coming under fire after her dogs allegedly attacked a 13-year-old girl and the girl’s five-month-old puppy.
PUNTA GORDA Gilchrist Park’s future brightens as boat cleanup commences The boats blocking Gilchrist Park are ready to be moved two years after Hurricane Ian.
Lee County Department of Health issues red tide alert for Bowman’s Beach The Florida Department of Health in Lee County has issued a health alert for the presence of red tide near Bowman’s Beach.
CAPE CORAL City of Cape Coral working on project to address canal safety An older Cape Coral couple drove into a canal last year. Neighbors are now saying something needs to be done about canal safety.
NAPLES Collier County mental health center receives $4 million donation A giant donation is dedicated to providing people with better mental health care in southwest Florida.
LABELLE City of LaBelle under precautionary boil water notice A water main break has the City of Labelle under a precautionary boil water notice.
ESTERO FGCU student wins ice dancing national championship FGCU sophomore Lucas Appel wins his second US Senior Solo Dance National Championship in three years.
Lee County Sheriff’s Office: Parent brings weapon to Lehigh Acres school According to a Lee County Sheriff’s Office report, there is probable cause to believe a woman unintentionally brought a firearm to school.
In this photo provided by the New York Stock Exchange, trader Ashley Lara uses her handheld device as she works on the trading floor, Tuesday, Dec. 1, 2020. U.S. stocks rose broadly in morning trading Tuesday, sending the S&P 500 toward another record high, as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery. (Colin Ziemer/New York Stock Exchange via AP) Stocks skidded on Wall Street and investors sought refuge in government bonds amid worries that a surge in virus infections around the world will threaten the economic recovery. The S&P 500 lost 1.6% Monday and the Dow Jones Industrial Average gave up 725 points, or 2.1%. Market watchers had been warning that stock valuations were getting stretched with indexes hitting record highs as recently as last week. Treasury yields sank further as investors scrambled to move into assets seen as safer. Airlines, hotels and other companies seen as most at threat from pandemic restrictions had some of the biggest losses. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) – Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fueled by fears that faster-spreading variants of the virus may upend the economy’s strong recovery. The S&P 500 fell 2.1% in afternoon trading, after setting a record just a week earlier. In another sign of worry, the yield on the 10-year Treasury touched its lowest level in five months as investors scrambled for safer places to put their money. The Dow Jones Industrial Average was down 935 points, or 2.7%, at 33,753, as of 1:50 p.m. Eastern time. The Nasdaq composite was 1.4% lower. Airlines and stocks of other companies that would get hurt the most by potential COVID-19 restrictions took some of the heaviest losses, similar to the early days of the pandemic in February and March 2020. United Airlines lost 6.2%, mall owner Simon Property Group dropped 6%, and cruise operator Carnival fell 5.6%. The drop also circled the world, with several European markets sinking roughly 2.5% and Asian indexes down a bit less. The price of benchmark U.S. crude, meanwhile, sank more than 7% after OPEC and allied nations agreed on Sunday to eventually allow for higher oil production this year. Increased worries about the virus may seem strange to people in parts of the world where masks are coming off, or already have, thanks to COVID-19 vaccinations. But the World Health Organization says cases and deaths are climbing globally after a period of decline, spurred by the highly contagious delta variant. And given how tightly connected the global economy is, a hit anywhere can quickly affect others on the other side of the world. Even in the U.S., where the vaccination rate is higher than in many other countries, people in Los Angeles County must once again wear masks indoors regardless of whether they’re vaccinated following spikes in cases, hospitalizations and deaths. Across the country, the daily number of COVID has soared by nearly 20,000 over the last two weeks to about 32,000. The vaccine campaign has hit a wall, with the average number of daily inoculations sinking to the lowest levels since January, and cases are on the rise in all 50 states. That’s why markets are concerned, even though reports show the economy is still recovering at a fantastically high rate and the general expectation is for it to deliver continued growth. Any worsening of virus trends threatens the high prices that stocks have achieved on expectations the economy will fulfill those lofty forecasts. Financial markets have been showing signs of increased concerns for a while, but the U.S. stock market had remained largely resilient. The S&P 500 has had just two down weeks in the last eight, and the last time it had even a 5% pullback from a record high was in October. Several analysts pointed to that backdrop of high prices and very calm movements for weeks while dissecting Monday’s drop. “It’s a bit of an overreaction, but when you have a market that’s at record highs, that’s had the kind of run we’ve had, with virtually no pullback, it becomes extremely vulnerable to any sort of bad news,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “It was just a matter of what that tipping point was, and it seems we finally reached that this morning” with worries about the delta variant. He and other analysts are optimistic stocks can rebound quickly. Investors have been trained recently to see every dip in stocks as merely an opportunity to buy low. Barry Bannister, chief equity strategist at Stifel, was more pessimistic. He says the stock market may be in the early stages for a drop of as much as 10% following its big run higher in prices. The S&P 500 nearly doubled after hitting its bottom in March 2020. “The valuations, they just got too frothy,” he said. “There was just so much optimism out there.” The bond market has been louder and more persistent in its warnings. The yield on the 10-year Treasury tends to move with expectations for economic growth and for inflation, and it has been sinking since late March, when it was at roughly 1.75%. It fell to 1.19% Monday from 1.29% late Friday. Analysts and professional investors say a long list of reasons is potentially behind the sharp moves in the bond market, which is seen as more rational and sober than the stock market. But at the heart is the risk the economy may be set to slow sharply from its current, extremely high growth. Besides the new variants of the coronavirus, other risks to the economy include fading pandemic relief efforts from the U.S. government and a Federal Reserve that looks set to begin paring back its assistance for markets later this year. Monday’s selling pressure was widespread, with nearly 95% of the stocks in the S&P 500 lower. Even Big Tech stocks were falling, with Apple down 3% and Microsoft 1.6% lower. Such stocks seemed nearly immune to virus fears during earlier downturns, rising on expectations they’ll continue growing almost regardless of the economy’s strength. Even companies reporting strong profit growth got swept up in the downdraft. Tractor Supply said its quarterly profit and revenue topped Wall Street’s expectations, for example, but its stock fell 4.5%. Across the S&P 500, analysts are forecasting profit growth of nearly 70% for the second quarter from a year earlier. That would be the strongest growth since 2009, when the economy was climbing out of the Great Recession. But just like worries are rising that the economy’s growth has already peaked, analysts are trying to handicap by how much growth rates will slow in upcoming quarters and years for corporate profits.