Market Coverage – Wednesday June 29 Yahoo Finance

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US stocks fell Wednesday morning, extending Tuesday’s losses as investors remained focused on mounting signs of a slowdown in US economic growth.

The S&P 500 traded lower shortly after market open, following a 2% slide in the index a day earlier. The Dow Jones Industrial Average edged lower, while the Nasdaq Composite underperformed as technology stocks remained under pressure.

Bitcoin also fell, and prices briefly fell below $20,000. West Texas intermediate crude oil futures rose above $112 per barrel for the first time in two weeks, while the 10-year Treasury yield dropped below 3.2%.

The latest bout of volatility across markets came amid renewed jitters over inflation’s impact on growth prospects in the US economy. On Wednesday, first-quarter US GDP was revised down to show a 1.6% annualized contraction, as personal consumption came in weaker than previously reported. And a separate report earlier this week showed a slide in US consumer confidence to a 16-month low and a deterioration in short-term expectations to a 9-year low, raising concerns that consumers will curb spending in anticipation of persistently high prices.

Given these and other recent reports, some Federal Reserve officials have flagged the risk that inflation expectations will become entrenched among consumers, making the case for the central bank to maintain its hawkish posture for now.

“The fact that the salient prices of gasoline and food remain elevated suggests that there is some risk that longer-term inflation expectations of households and businesses will continue to rise,” Cleveland Federal Reserve President Loretta Mester said in remarks Wednesday.

She suggested she would back another 75 basis point interest rate hike in July if economic conditions look similar through the Fed’s meeting next month, echoing the support of other officials as of late for such a hike. Markets are currently pricing in a more than 80% probability that a 75 basis point rate hike will ultimately occur in July, according to CME Group data.

These expectations for a series of larger-than-typical rate hikes have remained a point of pressure for technology stocks especially, which are valued heavily on prospects for future earnings growth. The Nasdaq Composite remains firmly in a bear market, down 28.5% for the year-to-date, and both the tech-heavy information technology and communication services sectors within the S&P 500 have lagged the broader index.

“Inflation fears remain, and the Fed is gonna have to step in more aggressively and drive up interest rates further, and that’s very, very bad for tech stocks,” Opimas CEO Octavio Marenzi told Yahoo Finance Live on Tuesday. “The Fed is not finished with its interest rate hikes by any stretch of the imagination … I’m not expecting any turnaround anytime soon here. I think this is a down market that’s got some legs.”

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'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
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