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Why the Dow keeps sinking

New York (CNN Business)The gloom-and-doom on Wall Street has wiped out the stock market’s gains for the year.The Dow dropped as many as 596 points, or 2.4%, on Tuesday. Plunging retailers like Target (TGT) and Kohl’s (KSS) led the S&P 500 1.7% lower.Tech stocks once again got hit hard, with the Nasdaq sinking 2%. Apple retreated another 4% after Goldman Sachs dimmed its price target on the iPhone maker for the second time in a week.All three major indexes are now slightly lower for the year. The Dow is around 2,400 points off its peak.”The highways will be crowded this evening as the Thanksgiving rush will begin in earnest, but this morning investors are rushing for the exits,” Paul Hickey, co-founder of Bespoke Investment Group, wrote to clients on Tuesday.The Dow lost nearly 400 points on Monday as well. This week’s selloff marks a continuation of a glum two months on Wall Street. The S&P 500 dipped back into a correction, marking a 10% retreat from the index’s record closing high on September 21.

The losses have been sparked by a flurry of concerns about everything from higher interest rates and crashing oil prices to the US-China trade war. But the overarching theme is that investors are bracing for the end of the fantastic economic and profit growth that marked the past year. Analysts expect a deceleration in 2019 driven by tariffs, the fading impact of the tax cuts and higher borrowing costs caused by the Federal Reserve.“Put simply, stocks have already started to price in the risk of an economic slowdown,” Goldman Sachs chief US equity strategist David Kostin wrote to clients on Tuesday.Morgan Stanley warned on Monday that the US stock market is already in a bear market. The firm noted that more than 40% of the S&P 500 is down 20% from recent highs.

“The market is speaking loudly that bad news is coming,” Morgan Stanley equity strategist Michael Wilson wrote to clients.Slowdown fears were front-and-center in the retail sector. Disappointing results sent Target and Kohl’s more than 10% lower on Tuesday. TJX Companies (TJX) and Ross Stores also retreated. Home improvement retailer Lowe’s (LOW) lost 5% after posting results. That leaves the home improvement retailer on track for its ninth straight daily loss.Investors continue to flee from the tech darlings that once carried the market higher. Worries about lackluster demand for the latest iPhones have weighed heavily on Apple (AAPL). Other momentum stocks like Netflix (NFLX), Amazon (AMZN) and Facebook (FB) are under heavy pressure. Google owner Alphabet (GOOGL) is in its first bear market since 2011.Energy stocks were among the biggest losers. ExxonMobil (XOM), Chevron (CVX) and Hess all lost ground after US oil prices plummeted below $54 a barrel for the first time in a year. Fears of a supply glut and weaker demand have knocked crude into a bear market. It’s now down around 30% from the recent high on October 3.

US tech sell off continues to cause carnage to global markets

A continuing US tech sell off has sparked carnage across global stock markets this afternoon.

Apple shares continued to slide falling more than four per cent to six-month lows before recovering slightly and Microsoft shares also fell 2.4 per cent.

The Dow Jones lost 500 points on opening before rebounding to sit 1.6 per cent down for the day and the S&P 500 was also trading one per cent down, while the tech-heavy Nasdaq tumbled 1.3 per cent

The FTSE 100 also dropped 0.5 per cent towards the lows of October’s global equity markets sell off.

“The Dow Jones was a bloody mess after the bell rang on Wall Street,” Connor Campbell analyst at Spreadex said.

Campbell added that the tech sector woes quickly spread to Europe.

He said: “Investors are concerned that sooner rather than later the sector is going to be fully embroiled in the US-China trade battle, exacerbating the softness caused by reports of a slowdown in iPhone demand.

“Obviously this caused the already moody European indices to have a fit.”

The pan-European Stoxx 600 was down 1.2 per cent, the German Dax down 1.4 per cent and the French CAC was also down one per cent for the day.

The slide began in the US yesterday following news that Apple may have to cut production across all three of its latest iPhone models, as lower-than-expected demand for its higher-price products takes its toll.

The other members of the so-called FAANG group – FacebookAmazonNetflix and Google – also fell, with Facebook, Amazon and Netflix all charting losses of more than five per cent by the end of trading.

But Facebook rebounded today while Netflix and Apple continued to fall.

“Yet another day of hard selling has taken hold throughout Europe and the US, with all major US stock indices now trading in the red for year,” Joshua Mahony, analyst at IG said.

“Tech has been a major focus for short sellers of late, with high valuations ensuring that they become a target given their apparently bloated share-prices.”

CITY AM

syrian war casualties

Estimates of deaths in the Syrian Civil War, per opposition activist groups, vary between 364,792 and 522,000. On 23 April 2016, the United Nations and Arab League Envoy to Syria put out an estimate of 400,000 that had died in the war (that’s dreadful, awful)

Overall deaths

Total deaths over the course of the conflict in Syria (18 March 2011 – 18 October 2013)

Weekly deaths over the course of the conflict in Syria (18 March 2011 – 18 October 2013)

All of the following totals include civilians, rebels and government forces:

SourceCasualtiesTime period
Syrian Centre for Policy Research470,000 killed[12]15 March 2011 – 11 February 2016
UN and Arab League Envoy to Syria400,000 killed[2]15 March 2011 – 23 April 2016
Syrian Observatory for Human Rights364,792–522,000 killed[1]15 March 2011 – 12 September 2018
Violations Documentation Centre164,602 killed[13]15 March 2011 – 12 November 2018

At the start of the war, Al Jazeera journalist Nir Rosen stated that many of the deaths reported daily by activists were in fact armed insurgents falsely presented as civilian deaths, but confirmed that real civilian deaths do occur on a regular basis.[14] A number of Middle East political analysts, including those from the Lebanese Al Akhbar newspaper, also urged caution.

This was later confirmed when in late May 2012, Rami Abdulrahman of the Syrian Observatory for Human Rights, which is one of the opposition-affiliated groups counting the number of those killed in the uprising, stated that civilians who had taken up arms during the conflict were being counted under the category of “civilians”.

In May 2013, SOHR stated that at least 41,000 of those killed during the conflict were Alawites.[21] By April 2015, reportedly a third of the country’s 250,000 Alawites that were of fighting age had been killed.[22] In April 2017, a pro-opposition source claimed 150,000 young Alawites had died.

Death tolls by time periods

The following figures were all compiled by the SOHR which is considered an authoritative source on the matter.[24] The figures are only for documented deaths, while the SOHR estimates another 145,000 undocumented deaths had occurred.[1]

Monthly documented fatalities in the Syrian civil war according to SOHR:  Civilians  Pro-government forces  Syrian anti-government fightersYPGForeign anti-government fighters

Time PeriodPro-government forcesAnti-government forcesCiviliansGrand Total (inc. unidentified)
2011
2012
2013
52,290 killed[25]
(2013: 30,239)[26]
29,083 killed[25]
(2013: 18,812)[26]
46,266 killed[27]
(2013: 22,436)[28]
2011: 7,841 killed[29]
2012: 49,294 killed[29]
2013: 73,447 killed[29]
201425,160 killed32,726 killed17,790 killed76,021 killed[30]
201517,686 killed24,010 killed13,249 killed55,219 killed[31]
201614,192 killed21,467 killed13,617 killed49,742 killed[32]
20178,813 killed13,955 killed10,507 killed33,425 killed[33]
January 2018599 killed949 killed607 killed2,180 killed[34]
February 2018317 killed871 killed1,391 killed2,595 killed[35]
March 2018935 killed1,250 killed1,460 killed3,673 killed[36]
April 2018465 killed499 killed395 killed1,370 killed[37]
May 2018453 killed462 killed244 killed1,165 killed[38]
June 2018434 killed588 killed398 killed1,443 killed[39]
July 2018481 killed830 killed439 killed1,514 killed[40]
August 2018191 killed389 killed253 killed840 killed[41]
September 2018239 killed672 killed139 killed1,059 killed[42]
October 2018134 killed760 killed146 killed1,048 killed[43]
Total122,247 killed128,511 killed106,755 killed360,974 killed

Death tolls by provinces

According to the Syrian opposition website Syrian Martyrs, the conflict’s death toll was 151,888 up to 30 April 2016, which was the time of its last update.[44] The number includes 35,859 rebel combatants but does not include members of the government security forces or pro-government foreign combatants who have died.[45] Early in the conflict, the Syrian Martyrs number of civilian deaths was significantly higher than the ones presented by other organisations, including the UN; among the reasons are that they recorded deaths even when no name is given for the reportedly killed individual and that they collated reports of deaths from more sources.[46]

GovernorateNumber of deaths
Latakia1,511
Rif Dimashq34,813
Homs17,993
Hama9,867
Al-Hasakah1,693
Daraa14,227
Aleppo31,257
Deir ez-Zor9,696
Damascus9,747
Tartus555
Quneitra1,069
Idlib16,699
As-Suwayda106
Raqqa2,655
Total151,888[44]

Civilian deaths

According to the pro-opposition Syrian Network for Human Rights, 222,114 civilians had been killed between March 2011 and September 2018.[47]

PerpetratorNumber of killed civilians
Syrian government forces198,152 killed
Russian forces6,239 killed
Islamic State4,889 killed
Other unnamed parties4,461 killed
Other rebel forces4,112 killed
International Coalition Forces2,832 killed[48]
Syrian Democratic Forces1,008 killed
Hayat Tahrir al Sham423 killed

According to the pro-opposition Syrian Observatory for Human Rights, 110,687 civilians had been killed between March 2011 and September 2018.[1]

PerpetratorNumber of killed civilians
Syrian government forces85,114 killed
Russian forces7,988 killed[49]
Opposition forces7,773 killed
International Coalition forces3,430 killed [50]
Islamic State3,076 killed[51]
Turkish forces1,243 killed

Combatant deaths

Government forces

Pro-government combatantsCasualties
TOTAL124,578–173,913 killed
Syrian military and police64,868–99,868 killed
Syrian militias50,041–64,041 killed
Lebanese Hezbollah1,665–2,000 killed
Other non-Syrian militiamen8,004 killed

The non-Syrian militiamen fatalities figure includes: over 2,066 Afghans,[54] at least 1,308 Iraqi Shia militiamen,[55] 558 Iranians, 158 Pakistanis,[56] one Lebanese member of the SCNP,[57] one member of the Lebanese Amal Movement[58] and a Saudi Shiite fighter.[59]Other sources put the overall number of killed Iranian-lead forces, which also includes the Afghan and Pakistani militias,[60] at between 2,500 and 3,500 by the end of August 2017.[61][62] Also, more than 870 Palestinian militiamen have been killed and these include: 294 Liwa Al-Quds fighters,[63][64][65] 245 members of the PLA,[66][64] 99 PFLP–GC members,[67][64] 70 Galilee Forces fighters,[64][68] 35 who belonged to Fatah al-Intifada[67][64] and 129 other militiamen.[64][67][68]

Except one death (August 2011),[69] all of the Hezbollah fatalities have occurred since September 2012.[70]

Between October 2015 and December 2017, it was reported that 150–200 Russian security contractors had been killed.

In addition, 1,000 civilian government officials have also been killed.[73]

Anti-government forces

Due to the main opposition monitor SOHR’s policy early in the conflict of counting rebel fighters that were not defectors as civilians, a comprehensive number of rebels killed in the conflict, thus far, has not been ascertained. In late November 2012, SOHR estimated that at least 10,000 rebels had been killed, but noted the possibility of the figure being higher because the rebels, like the government, were lying about how many of their forces had died to make it look like they were winning.[75] In March 2013, SOHR stated that the actual number of killed rebels and government forces could be double the number they were already able to document.[76]

Anti-government combatantsCasualties
TOTAL129,277–180,277 killed
ISIL28,432 killed
Kurdish YPG/YPJ6,510 killed

There have been 63,360 foreign rebel and ISIL fighters, at least 280 anti-government suicide bombers and 246 rebel child soldiers that have been killed in the conflict. Additionally, 48 foreign pro-Kurdish fighters died.[92]

Foreigners killed[edit]

Foreign civilians killed

CountryNumber of deaths
Palestine3,095
Turkey95
Iraq47
Lebanon42
Jordan26
Saudi Arabia23
Somalia15
Egypt12
Libya9
Tunisia9
Sudan4
United Kingdom4
Afghanistan3
Kuwait3
United States3
Australia2
France2
Japan2
Azerbaijan1
Belgium1
Greece1
Italy1
Romania1
Russia1
Israel1
Yemen1
Netherlands1
Unknown10

Foreign anti-government fighters killed

64,480 foreign anti-government fighters have been killed by early October 2018, according to the SOHR.

9,936 foreign opposition fighters were killed by late December 2013, according to the Jihadist Salafist Movement in Jordan, with the nationalities being as follows: 1,902 Tunisians, 1,807 Libyans, 1,432 Iraqis, 828 Lebanese, 821 Egyptians, 800 Palestinians, 714 Saudis, 571 Yemenis, 412 Moroccans, 274 Algerians, 202 Jordanians, 91 Omanis, 71 Kuwaitis, 42 Somalis, 30 Albanians and Caucasians, 21 Bahrainis, 9 Emiratis, 8 Qataris, 3 Sudanese and 1 Mauritanian.[115] The London-based European Centre for Syria Research put the number of Saudis killed even higher at 729 a month earlier in November 2013.[116] The jihadist movement updated the number of Jordanians killed by late May 2014 to 342,[117] although they put the figure in late October at over 250.[118] According to another estimate, the Jordanian toll was at least 500 by July 2016.[119]

According to Abu Omar al-Shishani, the Chechen ISIL commander, 500 militants from the Caucasus had been killed by mid-January 2014 since the start of the war.[120] Ramzan KadyrovHead of the Chechen Republic, stated in late November 2015, that 200 Chechens had died.[121]

According to a report by a Syrian military research center, as of September 2014: 3,872 Saudi, 3,691 Chechen and 2,904 Lebanese fighters had been killed. Another 2,689 Saudi fighters were missing.

In mid-May 2015, at least 70 Lebanese fighters were reported killed in the previous several months.[123] In late December 2015, Tunis stated 800 Tunisian ISIL fighters had been killed since the start of the war.[124]

The nationalities of some others are as follows: 2,960 Russians,[125][126] 400–450 Frenchmen,[127] 400 Turks,[128] 300 Azerbaijanis,[129] 300 Tajiks,[130] 160 Germans,[131] 150 Kyrgyz,[132] 143 Britons,[133][134] 126 Albanians,[135] 106 Belgians,[136] 84 Australians,[137] 65 Bosniaks,[138] 50 Americans,[139][140] 49 Swedes,[141] 39 Dutch,[142] 37 Italians,[143] 34 Malaysians,[144] 27 Danes,[145] 23 Canadians,[146][147] 21 Austrians,[148][149] 15–20 Finns,[150] 16 Indians,[151] 15 Norwegians,[152] 13 Afghans,[96][153] 5 Iranians,[154][155][156] 4 Irishmen,[157] 4 Israeli-Arabs,[158] 4 Maldivians,[159] 3 Chinese,[160][161] 3 Pakistanis,[155] 2–3 Filipinos,[162] 2 Eritreans,[155] 2 Indonesians,[159][155] 2 Mauritanians,[163] 2 South Africans,[164] 2 Spaniards,[165] 2 Uzbeks,[96][166] 1 Armenian,[155] 1 Bulgarian,[166] 1 Chadian,[153] 1 Japanese,[167] 1 Kazakh,[168] 1 Romanian[165] and 1 Slovenian.[169]

Foreign soldiers killed

374 foreign soldiers have been killed during the conflict, mostly in the border areas with Syria.

Iraq

 16 servicemen killed
On 2 March 2013, one Iraqi soldier was killed during clashes between Syrian rebels and government forces at a Syrian-Iraqi border crossing.[170] On 4 March 2013, 13 Iraqi soldiers were killed by unknown gunmen near the border with Syria while they were transporting 65 Syrian soldiers and government officials back to their country after they had retreated to Iraq a few days earlier. 48 of the Syrians were also killed in the attack.[171][172] On 9 June 2013, Syrian rebels attacked a southern Iraqi border post, killing one Iraqi guard and wounding two.[173] On 14 July 2013, another attack by fighters from the Syrian side of the border left one Iraqi policeman dead and five others wounded.[174]

Jordan

 8 servicemen killed
A Jordanian soldier was killed in clashes with armed militants who were attempting to cross the border from Jordan into Syria on 22 October 2012.[175] On 3 January 2015, ISIL burned a Jordanian military pilot alive in a metal cage. The pilot was captured after his airplane crashed near Raqqa while conducting air-strikes.[176] Six Jordanian soldiers were killed by a car-bomb blast near the Syrian refugee camp of al-Rukban on 21 June 2016.[177]

Lebanon

 60 servicemen killed
On 1 February 2013, two Lebanese soldiers were killed, along with 1-2 militants, and six were wounded in clashes near the Syrian border which started after an attempt by the military to arrest an anti-Assad rebel commander, who was also killed.[178][179][180] On 28 May 2013, three Lebanese soldiers were killed in an attack on their checkpoint near the border town of Arsal by unknown militants who then fled over the border into Syria.[181] On 29 March 2014, three soldiers were killed and four wounded in a suicide bomb attack on their checkpoint near Arsal.[182] 20 soldiers were killed during the Battle of Arsal against Syrian and other foreign jihadists and a further 13 were captured and subsequently executed. On 19 September, two soldiers were killed by a roadside bomb near Arsal.[183] On 2 December, six soldiers were killed and one wounded in an ambush by unknown gunmen in the Tal Hamra area of Ras Baalbek, near the border with Syria.[184] On 23 January 2015, eight soldiers were killed and 22 wounded near Ras Baalbek after their outpost near the border was attacked by ISIL. The fighting also left more than 40 militants dead.[185] Three soldiers were also killed during an offensive against ISIL in the border area in August 2017.[186]

Russia

 112 servicemen killedSee also: Russian Armed Forces casualties in Syria

Following the start of Russia’s intervention in Syria against rebel and ISIL forces at the end of September 2015, 112 soldiers had died by 30 September 2018.[187] Among them, was a Russian military co-pilot who was killed when his Su-24 military plane was shot down near the Turkish-Syrian border by the Turkish military on 24 November 2015. His pilot was later recovered alive and well by Russian and Syrian special forces. Additionally, a Russian marine was killed when his military rescue helicopter was shot down by rebels while searching for the downed plane’s pilots.[188] Almost half of the deaths were attributed to the crash of an An-26 on approach to Khmeimim air base in Latakia, and the accidental shooting down of a reconnaissance plane by Syrian air-defenses.[187]

Turkey

 172 servicemen killed
Two members of the Turkish Air Force were killed when their F-4 Phantom II military jet was shot down near the Turkish-Syrian border by the Syrian Army on 22 June 2012.[189] On 2 May 2013, one Turkish border guard policeman was killed in a clash with smugglers or rebel fighters on the border between Turkey and Syria. According to the opposition, two rebels were killed as well.[190] Throughout 2014, seven soldiers and a policeman were killed along the border with Syria in shootouts with foreign jihadists, Kurdish fighters and other unknown gunmen.[191][192][193] On 22 February 2015, a soldier was killed in an accident during a military incursion into Syria to evacuate Turkish troops at the Tomb of Suleyman Shah.[194] Later, in two incidents in July and September, two soldiers were killed and five wounded by cross-border fire from ISIL territory in Syria.[195][196] On 15 February 2016, a soldier died at the border during clashes against human smugglers that tried to cross the border illegally.[197] Two Turkish soldiers died in a suicide bombing at a Syrian border crossing in mid-August.[198] Following the start of Turkey’s ground incursion into Syria against ISIL and Kurdish forces in late August 2016, 71 soldiers had died by 18 March 2017.[199] 83 more died as result of the Turkish military operation in Afrin in 2018.[81] and 1 killed in Idlib during the Turkish military operation than begun in February 2018.[200]

United Kingdom

 1 serviceman killed 
A UK servicemen died on 30 March 2018 by an IED explosion in Majib.[201]

United States

 5 servicemen killed
A U.S. pilot was killed on 30 November 2014, when his F-16 fighter aircraft crashed in Jordan following a combat mission against the Islamic State jihadist group.[202] Also, a U.S. special forces member died due to a bomb explosion while supporting Kurdish-led forces during the Wrath of Euphrates offensive against ISIL-held Raqqa.[203] Two other service members died due to non-combat causes in northern Syria in 2017.[204] A US servicemen died on 30 March 2018 by an IED explosion in Majib.[201]

Foreign air-strike casualties[edit]

The SOHR considers the following figures on ISIL, al-Nusra and other rebel fatalities to be higher due to the groups efforts to hide their losses.

American-led intervention

According to SOHR, U.S.-led Coalition airstrikes have killed 11,894 people across Syria, of which: 8,024 dead were ISIL fighters, 309 Al-Nusra Front militants and other rebels, 169 government soldiers and 3,430 civilians. The air strikes occurred in the period between 22 September 2014 and 22 September 2018.[205]

Russian intervention

According to SOHR, Russian airstrikes in Syria killed 18,096 people, of whom 5,233 were ISIL fighters, 4,875 militants from the Al-Qaeda affiliate al-Nusra Front and other rebel forces and 7,988 civilians. The air strikes occurred in the period between 30 September 2015 and 29 September 2018.[49]

According to the Russian Defense Ministry, since the start of Russia’s aerial campaign in Syria and by 20 October 2018, the Russian Air Force killed more than 87,500 rebels and ISIL fighters.[206]

Medical workers killed

Killings of medical workers since the start of the Syrian Civil War, according to a PHR summary[207]  Attacks by government forces (95.5%)  ISIL or rebel groups (2.5%)  Kurdish forces (0.1%)  Unknown forces (1.9%)

A February 2015 joint report by the Center for Public Health and Human Rights of the Johns Hopkins Bloomberg School of Public Health and the Syrian American Medical Society asserted that “Syria is the most dangerous place in the world to be a doctor”.[208] Roughly half (an estimated 15,000)[209] of Syrian doctors fled the country.[210] The government passed a law in 2012 making it illegal to render medical aid to anyone suspected to be an opposition member and Amnesty International found that doctors and medical staff also took part in torture of patients.[209]

Physicians for Human Rights has been tracking the medical personnel deaths in Syria, though they state that “these numbers are conservative given the difficulties in reporting during a war.” As of the end of September 2015, the number of medical workers killed in the Syrian civil war totaled 679.[211] In March 2017, the number of killed medical personnel was updated to more than 800. 723 of these deaths were attributable to the Syrian government, while 72 were killed by ISIL or rebel groups, one by Kurdish forces, and 13 by unidentified forces.[212]

Médecins Sans Frontières has reported that suppliers in Syria refuse to sell essential medical supplies such as gauze and surgical threads to doctors due to government intimidation, with this being a particular problem for besieged areas.

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Making sense of today’s world

Rees-Mogg admits plot to unseat Theresa May has flopped

Jacob Rees-Mogg has admitted that the plot to oust Theresa May as Conservative Party leader has failed to materialise. But he also added that MPs are waiting until next month to submit letters of no-confidence.

Rees-Mogg had submitted a letter of no-confidence in May last week, calling on others to follow suit. But reports suggest that the number of confirmed letters were stuck at 26 – much short of the 48 needed to trigger a no-confidence vote.

“There are many people who lack confidence in the Prime Minister’s leadership and who have come to the conclusion that the deal or the proposal is very bad,” Rees-Mogg said.

“Really much worse than could have been expected. As its been looked out carefully it’s turned out to be worse than the initial leaks rather than better.Some people don’t want a leadership vote now. They would like it when the meaningful vote comes up and think that is the time to put in letters,” he added.

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“Coup is entirely the wrong word, indeed it’s a rather silly word.”

Tory Brexiteer Jacob Rees-Mogg says he has used “the democratic process… to say we have no confidence in the leader of the Conservative party”.

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His comments come as Downing Street confirmed that Theresa May will meet European Commission president Jean-Claude Juncker for talks in Brussels tomorrow.