Speech to Text for What you need to know: May 13
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breaking news- we have been following the escalating tension between the u.s and china regarding trade... and we are now seeing some impacts the stock market has taken a steep dive this morning. the dow jones industrial average has dropped*48* points.### welcome back. here's what you need to know to start your day. local veterans are assembling food pallets for camp fire survivors. there will be a giveaway saturday may 18th at the chico sportsmen's warehouse parking lot from 9 a-m-8 p-m. the group will also provide camp fire survivors a tri tip drive thru dinner - that's friday may 17th, from 4 to 7 p-m at chico veteran's hall. ### in friday's special meeting- the chico city council voted to wirthdraw it's support from the camp fire housing bill ab-340. friday's vote at the special meeting means that any time that ab430 is discussed in the future, chico will not be involved in it.### redding police arrested "shannon sewell" sunday morning after they say he broke into the the salvation army store on westside road. he is charged with commercial burglary, possession of drug paraphernalia and violating probation.### shasta county deputies arrested "jonathan hurtado"- after they say he attempted to break into homes on bloomsbury avenue in shasta lake and on page court. when deputies arrested "hurtado" he was in posession of a handgun- and stolen property.### butte county sheriff's deputies arrested "thomas remy " after they say he assaulted a 7 eleven clerk, stole beer, broke into a car*an* went head- to-head with a sheriff's deputy in oroville saturday evening. after a short chase - deputies caught and arrested him. ### another u.s. warship - and a missile defense system - are on the way to the middle east. that -- addition to destroyers, a missile cruiser and an aircraft carrier already en route. us central command asked for backup after reports that iran is gearing up for an attack on u.s. forces in the region. china is promising to take "necessary countermeasure s" after the president last week imposed billions of dollars worth of tariffs on goods coming into the u-s. now- some analysts say the hike could cost the american economy 62- billion-dollars by next year---an extra 500 to 800- dollars-per- family. ### and