Dow jumps 280 points, set to end week with a flourish as U.S.-China talks show progress – MarketWatch

U.S. stock indexes on Friday rose sharply higher as investors focused on continued progress in trade negotiations between China and the U.S. in the final day of its weeklong round of discussions. The Dow Jones Industrial AverageDJIA, +1.33% rose 280 points, or 1.1%, at 25,724, the S&P 500 index SPX, +0.79% advanced by 0.8% at 2,768, while those for the Nasdaq Composite Index COMP, +0.35% climbed 0.3% to 7,450. For the week, the Dow was on pace for a 2.3% rise, the S&P was set for a 2.2% advance, while the Nasdaq was set to gain 2.2%, for the five-day stretch, as of Thursday’s close. U.S.-China trade talks wrapped up Friday in Beijing, with reports negotiators remained deadlocked over key issues, but were set to extend their discussions in to next week in Washington – viewed as a sign that both sides were eager to reach a deal ahead of March deadline. Markets also were responding to a flurry of early morning data: The cost of imported goods fell in January for the third straight month, down 0.5% from December, led by lower oil prices. The Empire State manufacturing index, which gauges the health of the New York State manufacturing sector rose 4.9 points in February to 8.8, above economists expectations of 7.6. U.S. industrial production fell in January for the first time in eight months, the Federal Reserve said Friday. In corporate news, shares of PepsiCo Inc. PEP, +3.21%gained after snack and beverage giant issued fourth-quarter earnings and revenue that were in line with expectations.

Source: Dow jumps 280 points, set to end week with a flourish as U.S.-China talks show progress – MarketWatch

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Gov. Tom Wolf Wants Towns like Hempfield Township To Pay For State Police Protection – CBS Pittsburgh

HEMPFIELD TOWNSHIP (KDKA) — Governor Tom Wolf wants more than 2,000 towns across the state, including Hempfield Township, to begin paying for protection from the state police.

Hempfield Township is the largest community in Westmoreland County. It’s Pittsburgh largest suburb with a population of about 45,000. But in its more-than-200 year history, it’s never had its own police department.

“Over the years, we’ve been a rural municipality, a lot of farm land, and over the past 15, 20 years, that farm land has transformed into housing plans, commercial development,” Hempfield Township manager Jason Winters said.

Like nearly 2,500 other communities across Pennsylvania, State Police patrol Hempfield Township free of charge.

Source: Gov. Tom Wolf Wants Towns To Pay For State Police Protection – CBS Pittsburgh

Congress Could Block A Border Wall If Trump Declares A National Emergency : NPR

Under the National Emergencies Act of 1976, the president can declare an emergency for just about anything. As President Trump has considered using that authority to circumvent Congress and build a wall along the Southern border, that near-unlimited presidential power has gotten a lot of attention. But it isn’t the whole story.

Congress also gave itself the ability to terminate an emergency declaration. In the more than 40 years since the law was passed, only one member of Congress has ever tried it.

“It was a lever that we had,” said George Miller, the former Democratic congressman from California. “We decided to use it.”

It was 2005, in the aftermath of Hurricane Katrina, when President George W. Bush issued a proclamation saying government contractors could pay workers less than usual for recovery-related projects. He justified it by saying the conditions caused by Katrina constituted a “national emergency” and waiving federal wage requirement would “result in greater assistance to these devastated communities” and “permit the employment of thousands of additional individuals.”

Source: Congress Could Block A Border Wall If Trump Declares A National Emergency : NPR

Police say woman stole hundreds of dollars in lottery tickets from Westmoreland County store

State police said they’re planning to charge a 27-year-old woman who they say stole $290 in Pennsylvania Lottery tickets from a store in Westmoreland County.

The incident happened just after 3 p.m. Wednesday at the Gas Max and More (Sunoco) store on Route 286 in Loyalhanna Township.

Incident happened on Wednesday

Source: Police say woman stole hundreds of dollars in lottery tickets from Westmoreland County store

Spending Bill passes House — Trump will sign – POLITICO

The Senate and the House  passed a bipartisan spending measure Thursday to avert another government shutdown, just an hour after President Donald Trump resolved to sign the bill and declare a national emergency to go around Congress and build his controversial border wall project.

Speaker Nancy Pelosi (D-Calif.) and Senate Minority Chuck Schumer (D-N.Y.) quickly slammed Trump for his decision, terming it “a lawless act, a gross abuse of the power of the presidency and a desperate attempt to distract from the fact that President Trump broke his core promise to have Mexico pay for his wall.”

Source: Trump will sign spending bill and declare national emergency – POLITICO