Los Angeles Time - 08.08.2019

LATIMES.COM/BUSINESS THURSDAY, AUGUST 8, 2019C5

Stocks on Wall Street
dropped Wednesday and
then recovered, ending the
day nearly flat, though the
market’s recovery left plenty
of signs of worry among in-
vestors that the fallout from
the U.S.-China trade war will
spread.
The early slide briefly
pulled the Dow Jones indus-
trial average down more
than 580 points, but a late-
in-the-session rally erased
nearly all those losses. Tech-
nology and consumer sta-
ples firms powered much of
the gains, offsetting declines
by banks and energy compa-
nies.
Even so, the moves in the
bond and commodities mar-
kets signaled that investors
are nervous that the escalat-
ing U.S.-China trade war
may derail the global econo-

my. Bond yields sank around the world, something that happens when investors see a weaker economy and low inflation on the way. The price of oil tanked, and the price of gold shot up to its highest level in six years as traders sought traditionally safe holdings. “You did see buyers come back to the market, which is

a good sign for the market in the near term,” said Lindsey Bell, investment strategist with CFRA Research. “In- vestors need to buckle in for some volatility here in the next couple of months.” The Standard & Poor’s 500 index eked out a gain of 2.21 points, or 0.1%, to 2,883.98. It had been down 2% during the heaviest bout of selling.

The Dow ended down 22.45 points, or 0.1%, at 26,007.07. The Nasdaq climbed 29.56 points, or 0.4%, to 7,862.83. The Russell 2000 index of smaller companies slipped 1.40 points, or 0.1%, to 1, 50 0.6 9. The market has been roiled the past couple of weeks by growing anxiety as the U.S. and China clash over trade. Wednesday’s volatility was sparked after central banks in New Zealand, India and Thailand cut key interest rates. The rate cuts trig- gered a slide in bond yields around the world as investors scrambled for safety. The yield on the 10-year Treasury touched its lowest level in nearly three years, falling as low as 1.60% from Tuesday’s 1.74%, before climbing back to 1.73%. It was above 3% in late Novem- ber.

Some investors saw Wednesday morning’s big drops as an opportunity to buy stocks at cheaper prices. Still, the bond market continues to flash a warning signal of recession. The gap between the yield on the three-month Treasury and the 10-year Treasury wid- ened further. Investors usually demand bigger yields for tying up their money for longer pe- riods of time, and one rule of thumb says a recession may hit about a year afterward if the gap between those two rates persists. A three-month Treasury was yielding 0.28 percentage points more than a 10-year Treasury as of Wednesday afternoon. It was 0.36 points earlier in the day — the widest gap since spring 2007, less than a year before the Great Recession began. Investors are increas-

ingly betting that the Fed- eral Reserve will need to cut short-term interest rates to support the economy given all trade tensions, and traders see a nearly 50% chance of three cuts or more by the end of the year. A month ago, they projected that prob- ability at less than 9%. U.S. stocks have been on a wild ride since Jan. 22, 2018, when President Trump first imposed tariffs on solar products and washing machines to help U.S. manu- facturers, but they’re virtu- ally back to where they started. The S&P 500 closed at 2,832.97 that day and has since been down as much as 17% and up as much as 7%, with moves often driven by waxing and waning worries about the trade war. The S&P 500 ended Wednesday up 1.8% from that early-2018 starting point.

MARKET ROUNDUP

Stocks drop, then largely recover, amid trade war jitters

Index Dow industrials S&P 500 Nasdaq composite S&P 400 Russell 2000 EuroStoxx 50 Nikkei(Japan) Hang Seng(Hong Kong)

Close

Daily change

Daily % YTD %

26,007.07 -22.45 -0.09 +11.49 2,883.98 +2.21 +0.08 +15.04 7,862.83 +29.56 +0.38 +18.50 1,887.31 +3.81 +0.20 +13.49 1,500.69 -1.40 -0.09 +11.28 3,028.93 +6.63 +0.22 +9.74 20,516.56 -68.75 -0.33 +2.51 25,997.03 +20.79 +0.08 +0.69

Major stock indexes

change change

Source: AP

associated press

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SUMMONS (CITACIONJUDICIAL) CASENUMBER(NúmerodelCaso): BC707427 NOTICE TO DEFENDANT (AVISO AL DEMANDADO): Cal-Golf, Inc.; Southern California Edison Company; DOES 1 through 10, inclusive; and all persons unknown claiming an interest in the propertydescribedinthecomplaint YOU ARE BEING SUED BY PLAINTIFF(LO ESTÁ DEMANDANDO EL DEMANDANTE): ANTELOPE VALLEY-EAST KERN WATER AGENCY, a Public Agency NOTICE!You have been sued. The court may decide against you without your being heard unless you respondwithin30days.Readtheinformationbelow. You have 30 CALENDAR DAYS after this summons and legal papers are served on you to file a written response at this court and have a copy served on the plaintiff. A letter or phone call will not protect you. Your written response must be in proper legal form if you want the court to hear your case. There may be a courtformthatyoucanuseforyourresponse.Youcan find these court forms and more information at the California Courts Online Self-Help Center (www.courtinfo.ca.gov/selfhelp), your county law library, or the courthouse nearest you. If you cannot pay the filing fee, ask the court clerk for a fee waiver form.Ifyoudonotfileyourresponseontime,youmay lose the case by default, and your wages, money, and property may be taken without further warning from thecourt. There are other legal requirements. You may want to call an attorney right away. If you do not know an attorney, you may want to call an attorney referral service. If you cannot afford an attorney, you may be eligible for free legal services from a nonprofit legal services program. You can locate these nonprofit groups at the California Legal Services Web site (www.lawhelpcalifornia.org), the California Courts Online Self-Help Center (www.courtinfo.ca.gov/selfhelp), or by contacting your localcourtorcountybarassociation.NOTE:Thecourt has a statutory lien for waived fees and costs on any settlementorarbitrationawardof$10,000ormoreina civilcase.Thecourt'slienmustbepaidbeforethecourt willdismissthecase. ¡AVISO!Lohandemandado.Sinorespondedentrode 30 días, la corte puede decidir en su contra sin escuchar su versión. Lea la información a continuación. Tiene 30 DÍAS DE CALENDARIO después de que le entreguen esta citación y papeles legales para presentar una respuesta por escrito en esta corte y hacer que se entregue una copia al demandante. Una carta o una llamada telefónica no lo protegen. Su respuesta por escrito tiene que estar en formato legal correcto si desea que procesen su caso en la corte. Es posible que haya un formulario que usted pueda usar para su respuesta. Puede encontrar estos formularios delacorteymásinformaciónenelCentrodeAyudade las Cortes de California (www.sucorte.ca.gov), en la biblioteca de leyes de su condado o en la corte que le quede más cerca. Si no puede pagar la cuota de presentación,pidaalsecretariodelacortequeledéun formulario de exención de pago de cuotas. Si no presenta su respuesta a tiempo, puede perder el caso por incumplimiento y la corte le podrá quitar su sueldo,dineroybienessinmásadvertencia. Hay otros requisitos legales. Es recomendable que llameaunabogadoinmediatamente.Sinoconoceaun abogado, puede llamar a un servicio de remisión a abogados.Sino puedepagaraunabogado,esposible que cumpla con los requisitos para obtener servicios legales gratuitos de un programa de servicios legales sin fines de lucro. Puede encontrar estos grupos sin fines de lucro en el sitio web de California Legal Services, (www.lawhelpcalifornia.org), enel Centro de Ayuda de las Cortes de California, (www.sucorte.ca.gov) o poniéndose en contacto con la corteoelcolegiodeabogadoslocales.AVISO:Porley, la corte tiene derecho a reclamar las cuotas y los costos exentos por imponer un gravamen sobre cualquier recuperación de $10,000 ó más de valor recibida mediante un acuerdo o una concesión de arbitraje en un caso de derecho civil. Tiene que pagar el gravamen de la corte antes de que la corte pueda desecharelcaso. The name and address of the court is(El nombre y dirección de la corte es): Superior Court of California, CountyofLosAngelesCentral,111N.HillStreet,Los Angeles,CA90012-3014 The name, address, and telephone number of plaintiff's attorney,orplaintiffwithoutanattorney,is(Elnombre, la dirección y el número de teléfono del abogado del demandante, o del demandante que no tiene abogado, es):LelandP.McElhaney,Esq.(Bar#39257),Brunick, McElhaney & Kennedy PLC, 1839 Commercenter West, P.O. Box 13130, San Bernardino, CA 92423- 3130; Fax No.: (909) 388-1889; Phone No: (909) 889- 8301 DATE(Fecha):May24,2018 SHERRI R. CARTER, Clerk(Secretario), by Glorietta Robnson,Deputy(Adjunto) (SEAL) NOTICE TO THE PERSON SERVED:You are servedasanindividualdefendant NOTICEOFLISPENDENS (CodeofCiv.Proc.section1250.150) NOTICE IS HEREBY GIVENthat the Antelope Valley-East Kern Water Agency, plaintiff, has commenced a proceeding in the above-named court againsttheabove-nameddefendants. Thepurposeoftheproceedingisthecondemnationand taking of a fee simple interest absolute in the real propertyhereinafterdescribedforthepublicpurposeof bankingwaterundergroundforpublicuse. The real property which is subject to and affected by this action in situated in Los Angeles County, California, and described as follows: APN 3275-021- 010.Thenamesofthepartieswhomayhaveaninterest in the real property are: Cal-Golf, Inc. ; Southern California Edison Company, DOES 1 through 10, inclusive;andallpersonsunknownclaiminganinterest inthepropertydescribedinthecomplaint. Dated:May11,2018 BRUNICK,McELHANEY&KENNEDY,PLC By:/S/WilliamJ.Brunick LelandP.McElhaney AttorneysforPlaintiff, ANTELOPE VALLEY-EAST KERN WATER AGENCY 7/25,8/1,8/8,8/15/19 CNS-3257216#

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contact the SEC within 30 days of the publication of this notice, the SEC shall be entitled to seek en- try of your default in the above referenced case pursuant to Federal Rule of Civil Procedure 55(a).

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SUMMONS (CITACIONJUDICIAL) CASENUMBER(NúmerodelCaso): BC707757 NOTICE TO DEFENDANT (AVISO AL DEMANDADO): Velur Holdings; DOES 1 through 10, inclusive;andallpersonsunknownclaiminganinterest inthepropertydescribedinthecomplaint YOU ARE BEING SUED BY PLAINTIFF(LO ESTÁ DEMANDANDO EL DEMANDANTE): ANTELOPE VALLEY-EAST KERN WATER AGENCY, a Public Agency NOTICE!You have been sued. The court may decide against you without your being heard unless you respondwithin30days.Readtheinformationbelow. You have 30 CALENDAR DAYS after this summons and legal papers are served on you to file a written response at this court and have a copy served on the plaintiff. A letter or phone call will not protect you. Your written response must be in proper legal form if you want the court to hear your case. There may be a courtformthatyoucanuseforyourresponse.Youcan find these court forms and more information at the California Courts Online Self-Help Center (www.courtinfo.ca.gov/selfhelp), your county law library, or the courthouse nearest you. If you cannot pay the filing fee, ask the court clerk for a fee waiver form.Ifyoudonotfileyourresponseontime,youmay lose the case by default, and your wages, money, and property may be taken without further warning from thecourt. There are other legal requirements. You may want to call an attorney right away. If you do not know an attorney, you may want to call an attorney referral service. If you cannot afford an attorney, you may be eligible for free legal services from a nonprofit legal services program. You can locate these nonprofit groups at the California Legal Services Web site (www.lawhelpcalifornia.org), the California Courts Online Self-Help Center (www.courtinfo.ca.gov/selfhelp), or by contacting your localcourtorcountybarassociation.NOTE:Thecourt has a statutory lien for waived fees and costs on any settlementorarbitrationawardof$10,000ormoreina civilcase.Thecourt'slienmustbepaidbeforethecourt willdismissthecase. ¡AVISO!Lohandemandado.Sinorespondedentrode 30 días, la corte puede decidir en su contra sin escuchar su versión. Lea la información a continuación. Tiene 30 DÍAS DE CALENDARIO después de que le entreguen esta citación y papeles legales para presentar una respuesta por escrito en esta corte y hacer que se entregue una copia al demandante. Una carta o una llamada telefónica no lo protegen. Su respuesta por escrito tiene que estar en formato legal correcto si desea que procesen su caso en la corte. Es posible que haya un formulario que usted pueda usar para su respuesta. Puede encontrar estos formularios delacorteymásinformaciónenelCentrodeAyudade las Cortes de California (www.sucorte.ca.gov), en la biblioteca de leyes de su condado o en la corte que le quede más cerca. Si no puede pagar la cuota de presentación,pidaalsecretariodelacortequeledéun formulario de exención de pago de cuotas. Si no presenta su respuesta a tiempo, puede perder el caso por incumplimiento y la corte le podrá quitar su sueldo,dineroybienessinmásadvertencia. Hay otros requisitos legales. Es recomendable que llameaunabogadoinmediatamente.Sinoconoceaun abogado, puede llamar a un servicio de remisión a abogados.Sino puedepagaraunabogado,esposible que cumpla con los requisitos para obtener servicios legales gratuitos de un programa de servicios legales sin fines de lucro. Puede encontrar estos grupos sin fines de lucro en el sitio web de California Legal Services, (www.lawhelpcalifornia.org), enel Centro de Ayuda de las Cortes de California, (www.sucorte.ca.gov) o poniéndose en contacto con la corteoelcolegiodeabogadoslocales.AVISO:Porley, la corte tiene derecho a reclamar las cuotas y los costos exentos por imponer un gravamen sobre cualquier recuperación de $10,000 ó más de valor recibida mediante un acuerdo o una concesión de arbitraje en un caso de derecho civil. Tiene que pagar el gravamen de la corte antes de que la corte pueda desecharelcaso. The name and address of the court is(El nombre y dirección de la corte es): SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES Central, 111 N. Hill Street, Los Angeles, CA 90012- 3014 The name, address, and telephone number of plaintiff's attorney,orplaintiffwithoutanattorney,is(Elnombre, la dirección y el número de teléfono del abogado del demandante, o del demandante que no tiene abogado, es): Leland P. McElhaney, Esq. (Bar #39257) BRUNICK, McELHANEY & KENNEDY PLC, 1839 CommercenterWest,P.O.Box13130,SanBernardino, CA 92423-3130, Fax No. (909) 388-1889 Phone No.: (909)889-8301 DATE(Fecha):May252018 Sherri R. Carter, Clerk(Secretario), by Glorietta Robinson,Deputy(Adjunto) (SEAL) NOTICE TO THE PERSON SERVED:You are servedasanindividualdefendant. NOTICEOFLISPENDENS (CodeofCiv.Proc.sections1250.150) NOTICE IS HEREBY GIVEN that the Antelope Valley - East Kern Water Agency, plaintiff, has commenced a proceeding in the above-named court againsttheabove-nameddefendants. Thepurposeoftheproceedingisthecondemnationand taking of a fee simple interest absolute in the real propertyhereinafterdescribedforthepublicpurposeof bankingwaterundergroundforpublicuse. The real property which is subject to and affected by this action is situated in Los Angeles County, California, and described as follows: APN 3275-002- 004.Thenamesofthepartieswhomayhaveaninterest in the real property are: Velur Holdings; DOES 1 through 10, inclusive; and all persons unknown claiming an interest in the property described in the complaint. Dated:May11,2018 BRUNICK,McELHANEY&KENNEDY,PLC By:/s/WilliamJ.Brunick LelandP.McElhaney AttorneysforPlaintiff, ANTELOPEVALLEY-EASTKERNWATER AGENCY 7/25,8/1,8/8,8/15/19 CNS-3257208#

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Los Angeles Time - 08.08.2019

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