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Alarm on Wall Street...Defense secretary outlines plans to defeat IS... Obama urges Americans to be confident

By The Associated Press | Posted - Jan. 13, 2016 at 6:51 p.m.



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UNDATED (AP) — Wall Street is off to a dismal start to 2016. Stocks tumbled again today on fears of a global slowdown and alarm over falling oil prices. The S&P 500 experienced what's known as a correction, or a drop of 10 percent or more from its peak. The Dow also slumped. The drop over the first eight trading days of 2016 is the worst start to a year in the history of both the S&P 500 and the Dow.

FORT CAMPBELL, Ky. (AP) — Defense Secretary Ash Carter says a special commando force has arrived in Iraq. The troops are part of a broad plan to defeat Islamic State militants and retake the group's key power centers in Iraq and Syria. Carter spoke today at Fort Campbell, Kentucky, to members of the 101st Airborne Division who will soon deploy to Iraq.

OMAHA, Neb. (AP) — President Barack Obama is urging the country to respond to economic and other societal changes with confidence instead of fear. Speaking at the University of Nebraska-Omaha a day after delivering his final State of the Union address, Obama said the type of "depressing" GOP campaign ad that says America is in decline is "not the spirit that brought America so far." ''

PITTSBURGH (AP) — The FBI is investigating the ambush shooting of a Philadelphia police officer as a terrorist attack. FBI Director James Comey says the Islamic State has been "crowd-sourcing terrorism." Police say the suspect, Edward Archer, told them he was acting in the name of Islam when he opened fire on the officer's cruiser on Jan. 7. The officer was wounded.

FLAGSTAFF, Ariz. (AP) — Authorities say a California man died while wingsuit-flying among remote cliffs on the Arizona-Utah border. The Coconino (koh-koh-NEE'-noh) County Sheriff's Office identifies him as 29-year-old Mathew Kenney. His body is trapped in a crevice about 600 feet below the spot where he jumped Tuesday. Kenney was among a group of experienced wingsuit fliers.

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The Associated Press

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