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First lady Melania Trump's spokeswoman went after rapper T.I. Tuesday, whose most recent music video features a Trump lookalike dancing without clothes in a fake Oval Office."Like it or not, she is the first lady and this is the White House," Stephanie Grisham, Trump's communications director, told CNN in a statement. "It's disrespectful and disgusting to portray her this way simply because of politics. These kinds of vulgar attacks only further the divisiveness and bias in our country -- it needs to stop." 520
Flight-certification testing for Boeing’s 737 Max, which has been grounded since March 2019 because of two deadly crashes, could begin as early as Monday, according to an Federal Aviation Administration email sent Sunday to congressional oversight committees.The company needs clearance from the FAA before the planes can fly again, and the test flights, with FAA test pilots, are a key step. They would take several days and would evaluate Boeing’s proposed changes to the automated flight control system on the Max.The flight control system, triggered by faulty readings from sensors, pushed the planes into nosedives that led to crashes in Indonesia and Ethiopia, killing 346 people.Even if no new problems are discovered during the test flights, it’s likely to take at least a month to get pilots trained and get mothballed planes upgraded, inspected and serviced. The FAA has to sign off on Boeing’s pilot-training program, and a panel of international regulators will comment on minimum pilot training too.Boeing said it deferred to the FAA and global regulators on the Max certification process.Nearly 400 Max planes had been delivered to airlines before they were grounded, and Boeing has built several hundred more. 1232
For teachers and other educators, it has been a bumpy summer full of unknowns.Used to delivering answers to students, they are now asking questions about what they can expect during the fall semester.“It’s a lot of uncertainty,” said Jo Pustizzi, a high school teacher in Colorado Springs, Colorado.The one thing Jo and her husband, Jim, who is also a public school teacher in Colorado Springs, can rely on is the source of income they have been generating from their Airbnb.Seven years ago, the couple converted their cabin in the Rocky Mountains into a place to stay for out-of-towners looking to escape.“Jo had to really convince me to do an Airbnb, because we had put so much work into the cabin that I didn’t want someone to abuse it,” Jim said.Jo and Jim are far from the only ones as well. Airbnb says it has seen more teachers turn to the service as a way to supplement their income.In 2019, Airbnb says teachers raked in 0 million through rentals. About million of that came during the months of June, July and August, when they were not teaching.It is a big jump from 2017, when teachers brought in 0 million, million coming during the summer months.“It’s kind of like our own little business, too, so it is fun,” said Jo. "It’s fun just reading reviews or talking to people on the phone.”It gives the Pustizzis a way to live their lives a little more loosely as they near retirement age and worry about their pensions amid the pandemic.It also gives them a chance to look back on reviews knowing they did what they do best: share information and experiences."People enjoy the same things that we enjoy and it’s cool,” said Jim.“It feels good knowing other people are feeling good,” added Jo.For a couple whose profession and passion is in flux, what more could you ask for? 1806
Following a successful Kickstarter campaign, a company is ready to launch a perfume that claims to smell like space.The project to launch Eau de Space has received more than ,000 in contributions from across the country.According to the Kickstarter campaign, NASA designed the fragrance years ago to help astronauts train for outer space. Now, the formula is being used for anyone.Discovery pilot Dominic "Tony" Antonelli told Space Magazine that space “definitely has a smell that's different than anything else."The Kickstarter says that with a donation, they’ll donate every Eau de Space purchase to a K-12 School supporting STEM.The perfume is expected to ship in October. 691
Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.The Dow surged on the news and closed up 600 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well.Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year."Our gradual pace of raising interest rates has been an exercise in balancing risks," Powell said during a speech at the Economic Club of New York. "We know that moving too fast would risk shortening the expansion. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation."Powell noted that rates remain relatively low and that they are just below what many economists consider "neutral for the economy -- that is, neither speeding up nor slowing down growth."Investors seemed to interpret Powell's comments as a sign that the Fed, which is widely expected to raise rates again at a meeting next month, may now only hike rates once or maybe twice at most in 2019 as opposed to earlier forecasts of three or four hikes.The Dow's most cyclical stocks were among the biggest gainers. Shares of Boeing (BA), Caterpillar (CAT), Microsoft (MSFT) and Apple (AAPL) helping to lead the rally.In fact, only four Dow stocks -- Verizon (VZ), United Technologies (UTX), DowDupont (DWDP) and Procter & Gamble (PG) -- were trading lower Wednesday afternoon.Matthew Cheslock, a trader at Virtu Financial, told CNNMoney editor-at-large Richard Quest on "Markets Now" Wednesday that the market interpreted Powell's comments as meaning that we are "closer to normal rates. I think that was what really sparked the market to go higher."Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well.Powell's comments may assuage concerns about the Fed possibly going too far with rate increases, a criticism leveled by President Donald Trump.But Tobias Levkovich, Citigroup chief US equity strategist, told Quest that the market may be overreacting."I'm not dancing or partying right at the moment," he said, adding that the Fed has talked about gradual rate hikes "for a very long time." "Maybe [the markets] were just worried it would be worse," Levkovich said.To that end, Trump, who chose Powell to replace former Fed chief Janet Yellen, has often bashed him and the Fed on Twitter and in interviews for the rate hikes.In fact, Trump attacked Powell again in a Washington Post interview Tuesday, saying he was "not even a little bit happy" with Powell and that the Fed was making a mistake with so many rate hikes.Trump even added that sometimes decisions he makes with his "gut" matter more than what other people's brains tell him.Whether or not investors were using their guts or brains when deciding to jump back into stocks Wednesday remains to be seen. But it's clear that the bulls were back in charge on Wednesday."Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.The-CNN-Wire 3545