Market Coverage – Friday June 17 Yahoo Finance

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U.S. stock futures rose Friday morning as equities at least temporarily paused a downward slide, as concerns over the prospects of a recession remained elevated.

Contracts on the S&P 500 rose by about 1% before the opening bell after the index slid to its lowest level since Dec. 2020 a day earlier. The S&P 500 headed for a weekly loss of 6% — its worst since March 2020.

Dow futures gained more than 200 points, or about 0.8%, in early trading. And futures on the Nasdaq rose more than 1% as the 10-year Treasury yield pulled back to about 3.2%.

Even given Friday’s early gains, the major averages remained on track to post steep weekly losses as traders considered the likelihood and timing of a potential recession. While signals of an economic slowdown have been brewing for months now, heightened fears of a more significant downturn resurged in just the past week alone. That came especially after last Friday’s Consumer Price Index showed inflation remained at multi-decade highs even following the Federal Reserve’s initial moves earlier this year to raise interest rates and bring down demand and prices.

And with the Fed now turning even more aggressive — starting with its first 75 basis point interest rate hike since 1994 on Wednesday — the potential for a slide in economic activity as the central bank trades some growth for lower inflation appears increasingly likely.

“The market is reevaluating what the odds of a recession are in the near-term and what the actual downside on earnings and what the recession will really look like,” Ross Mayfield, Baird investment strategy analyst, told Yahoo Finance Live on Friday. “But to me, it’s a fairly kind of tidy story about higher interest rates, more aggressive Fed, and multiple times in the past that leads to some sort of financial crisis or recession. I think the market’s trying to price the odds of that.”

And that pricing recalibration has so far brought the S&P 500 24% below its Jan. 3 record closing high. But stocks likely still have further to fall if history is any indication, some strategists said.

Deutsche Bank, one of the first major banks to call for a 2023 recession earlier this year, pointed out that the S&P 500’s current decline from its peak is so far in-line with the median drop seen amid recessions post-World War II. Currently, it’s the fourth worst non-recession correction over that period, Deutsche Bank’s Jim Reid said in a note Friday morning. But when recessions materialize, bear markets for stocks tend to deepen.

“The timing of the recession is a hot topic at the moment. When it hits, both [Binky Chadha, Deutsche Bank chief U.S. equity and global strategist] and I would expect the S&P 500 to be down -35 to -40% from the highs,” Reid said. “The rationale from [Chadha] being that the initial overvaluation was more extreme than normal cycles, with my additional comment being that this recession marks a regime shift from decades of declining inflation to higher structural levels. This deserves a bigger de-rating than average.”

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New Children’s Picture Book Addresses Bullying, Body Image, Weight-Shaming and Self-Esteem, Opening Opportunities for Important Conversations Between Kids and Adults

'Chubby the Bear’s Big Choice,' by Author Daryl R. McCullough and Illustrated by Maryanne Smith, Sets Its Story Among the Enchanting California Redwoods, Where a Young Bear Fends Off Bullies and Self-Doubt and Regains Self-Esteem and Acceptance

New Children’s Picture Book Addresses Bullying, Body Image, Weight-Shaming and Self-Esteem, Opening Opportunities for Important Conversations Between Kids and Adults
'Chubby the Bear's Big Choice'

Author Daryl R. McCullough?s second book, 'Chubby the Bear?s Big Choice,' is set in a California redwood forest and tells the story of a sensitive, young bear struggling with bullies and his self-esteem issues.

Author Daryl R. McCullough’s second book, “Chubby the Bear’s Big Choice,” is set in a California redwood forest and tells the story of a sensitive, young bear struggling with bullies and self-esteem issues. This tender new book offers children, parents, and others of all ages an engaging story with several timely lessons on bullying, body image, weight-shaming, and self-esteem to be shared and discussed. Parents and children’s therapists have already heralded the book as an essential tool on the subject matter. Order now at Amazon, Barnes & NobleTarget or Archway Publishing.

Chubby is a fitting follow-up to McCullough’s award-winning first book “The Story of Tree and Cloud” — 1st Place, Pen Craft Awards; Finalist/5-Stars, “Reader’s Choice Book Awards”; 1st Place, “Firebird Awards”; and 3rd Place, “Best Children’s Book" and "Best Illustrated & Picture Book," Spring 2022, Outstanding Creator Awards. “Tree and Cloud” is a story about loss and managing grief, also set among California’s natural beauty, starring a California live oak tree named Folie and her new friend Puddle. “Chubby the Bear’s Big Choice” is similarly illustrated — not as a cartoon, but in a pure and naturalist style — by McCullough’s 80-year-old aunt Maryanne Smith, an acclaimed nature artist from Pennsylvania. 

“I grew up a chubby child who was bullied and weight-shamed by my peers and even by teachers and staff in grade school,” McCullough said. “I hope that by sharing this story, any child who might be dealing with these issues and feelings can find the strength to talk about it with their parents and learn self-care. 

“Of course, I also hope the story might thwart a bully or two, providing a teachable moment for them that our individuality is powerful, and compassion is paramount in any friendship,” McCullough said.

The story follows its hero, Chubby, a sensitive young bear cub with a rare talent for befriending honeybees and perhaps enjoying too much of their honey. Bullied by other bear cubs in the forest, Chubby finds solace by retreating up in the air, high in the branches of the redwood trees. One day, Chubby’s mood gets lifted by his forest friends — a sweet raccoon and a wise beaver — and Chubby embarks on a journey to reclaim his self-esteem, choosing to teach the other cubs a lesson along the way. Ultimately, Chubby takes the high road and shows others he is emotionally mature enough to stand up for himself while showcasing his strengths in a thrilling culmination of the tale, which ends happily for all.

Available now, the book invites readers of all ages to embark on a powerful journey of self-discovery and empathy and helps foster essential conversations and empower the next generation. 

“This magical story touched my heart and reminded me how, as a mother of two fabulous daughters, I always had my eye on bullying, particularly when it came to body shaming. Bullies teach us all how not to behave! Conversely, I taught my girls that staying connected with their bodies and loving and sharing their unique gifts with others were some of the healthiest ways to care for themselves and live fulfilled lives. Life is indeed a gift, so like Chubby, let’s all choose love, acceptance, and kindness!” — Melora Hardin, Emmy-nominated star (“The Office,” “Transparent,” “Dancing with the Stars,” “Monk”)

“Chubby the Bear’s Big Choice” by Daryl McCullough 
ISBN: 9781665749640 (Softcover); 9781665749664 (Hardcover); 9781665749657 (Ebook)

About the Author

Daryl McCullough is a professional writer and marketing communications executive who loves creative expression. He lives and works in the Los Angeles area with his husband George Griffin; together, they have a marketing communications and social media business, McGriffin Media. He is formerly CEO and now Chair Emeritus of Citizen Relations, a global brand marketing firm. The family adores their dog, Ferdinand, named after another delightful book. 

About the Illustrator

Maryanne Smith is a talented 80-year-old artist. She has designed and painted many high-end wallpaper designs for the premier York Wallcoverings. She has sold many works of art drawn from nature, and “Chubby the Bear’s Big Choice” is her follow-up to “The Story of Tree and Cloud.” She is from York County, Pennsylvania. Prints of images from each book are available for purchase.

Contact Information:
Melissa Penn
melissa@mielpr.com
323-605-3361


Original Source: New Children’s Picture Book Addresses Bullying, Body Image, Weight-Shaming and Self-Esteem, Opening Opportunities for Important Conversations Between Kids and Adults

Sandra Day O’Connor Institute Mourns Passing of Founder

Sandra Day O’Connor Institute Mourns Passing of Founder
In Memoriam

Honoring the life and legacy of Justice Sandra Day O'Connor

The namesake organization founded by the first woman appointed to the United States Supreme Court is mourning the loss of Justice Sandra Day O’Connor.

“No words can describe the profound loss of Justice Sandra Day O’Connor. The organization she founded remains resolute and will redouble our efforts to continue her lifetime work and extraordinary legacy,” said Gay Firestone Wray, Board of Directors Co-Chair.

The Institute will carry on its mission to further the distinguished legacy and lifetime work of Justice O’Connor to advance American democracy through civil discourse, civic engagement, and civics education.

“From our organization’s founding in 2009 following her retirement from the Supreme Court, Justice O’Connor led our organization with vision and intellect, and she exemplified our nation’s ideals,” said Sarah Suggs, President and CEO. “We remain steadfast in our commitment to continue her work and dedication to our great nation.”

Sandra Day was born on March 26, 1930, in El Paso, Texas. She spent much of her younger years on her family’s 160,000-acre Lazy B ranch on the Arizona-New Mexico border. At 16 she went to Stanford University for college, graduating magna cum laude with a degree in economics. She stayed for law school. Day graduated and, six months later, married John O’Connor, the love of her life. They eventually moved to Phoenix, where Sandra Day O’Connor began her rapid professional rise, which included holding positions as assistant attorney general of Arizona, majority leader of the Arizona State Senate, and judge on the Arizona Court of Appeals. She also found time to raise three sons—Scott, Brian, and Jay—and make every recipe in Julia Child’s Mastering the Art of French Cooking.

On August 19, 1981, President Ronald Reagan nominated Sandra Day O’Connor to the Supreme Court; on September 21 she was confirmed by the U.S. Senate with a vote of 99-0.  

Her career on the Court was historic. Justice O’Connor will be remembered not only for being the first female on the Court, or for her clear-eyed judicial reasoning and writings and major decisions, but also for her insistence on civility, her penchant for bringing people together to solve problems, whether in Washington, D.C. or over tacos and beer in her Arizona dining room.

“She overcame obstacles with quiet skill and determination and, in the process, inspired and continues to inspire countless others,” said Institute Board of Directors Co-Chair Matt Feeney.

We will miss you, Justice O’Connor.  

About the Sandra Day O’Connor Institute for American Democracy
Founded in 2009 by retired Supreme Court Justice Sandra Day O’Connor, the O’Connor Institute, a nonprofit, nonpartisan 501(c)(3), continues her distinguished legacy and lifetime work to advance American democracy through multigenerational civil discourse, civic engagement and civics education. Visit www.OConnorInstitute.org for more information.

Contact Information:
Heather Schader
COO
hschader@oconnorinstitute.org
602-730-3300 x8


Original Source: Sandra Day O’Connor Institute Mourns Passing of Founder
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