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Stocks had a tumultuous ride on Thursday, with the Dow Jones Industrial average falling 761 points before recovering to close down just 79 points.
What happened: U.S. markets initially followed a global sell-off that was sparked by the arrest of Huawei CFO Meng Wanzho, but then settled and raced to the close after a Wall Street Journal report that the Fed may become even more tentative on interest rate hikes.
Friedman (L) with Netanyahu. Photo: Menahem Kahana/AFP via Getty Images
The U.S. and Israel will announce tomorrow that they are expanding three agreements on scientific cooperation to include Israeli settlements in the West Bank, Israeli and U.S. officials tell me.
Why it matters: This is a substantial policy shift for the U.S., which did not previously allow its taxpayers' money to be spent in the Israeli settlements.
Illustration: Sarah Grillo/Axios
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Senate Majority Leader Mitch McConnell (R-Ky.) expressed no regrets about Judge Amy Coney Barrett's controversial confirmation, telling Politico in an interview that he believes the decision to place her on the Supreme Court just a week before the election will help Republicans retain the Senate.
Why it matters: With a week to go until Election Day, many Republicans are concerned that President Trump's unpopularity could cost them the Senate. McConnell has long viewed the transformation of the federal judiciary through the confirmation of young conservative judges as his defining legacy.