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Ford is suspending production of the F-150 truck, its best-selling and most profitable vehicle, after a fire at a supplier's plant in Michigan last week.Ford announced that it will suspend production of the F-150 at its plant in Dearborn, Michigan on Wednesday night. It had already suspended truck production at a plant in Kansas City, Missouri. Those are the only plants that make the truck.A company spokesperson said he doesn't know when production will begin again. Ford doesn't expect any disruption for customers or dealerships because it has an 84-day supply of the truck in dealers' inventories. 612
For most of the pandemic, people have enjoyed record low interest rates, making way for a boom in mortgage refinancing. But experts say the upcoming election could have a major impact on whether those rates stay low."I think for a lot of reasons there will be even more volatility. You have the backdrop of the pandemic, you have quite a rivalry," said Josh Stech, Co-founder and CEO of Sundae, a company that helps people with homes in bad condition get their properties sold. Stech says the pandemic has created even more of a wedge between the two parties and interest rates will be impacted."I would say that we’re cautiously optimistic that we’ll see a strong 2021 regardless of who wins but there’s always that looming uncertainty of who wins and also what policies that follow that, that could impact unemployment, that could impact tax rates, that could just change consumer behavior again," said Stech.Matthew Garcia, a Senior Loan Officer with Supreme Lending, says historically, interest rates waver before an upcoming presidential election. "Last election in 2016, rates were in the lower threes. Literally, two to three days later rates went into the fours. That’s how violent and how rapid interest rates can move. A lot of folks', mistakes people make is they think the government makes interest rates. They don't. Interest rates for mortgages are controlled by bond market activity," said Garcia. Specifically, Garcia says, treasury bonds and mortgage-backed securities."Now, at some point, depending on what the next president decides to do, if that affects monetary policy by the Fed(eral Reserve) and the Fed has already come out and said we don't plan on changing anything but the president has the ability to influence that. If they make a decision that could ultimately affect what the Fed’s decision on monetary policy is, we would see a rapid increase in interest rates according with that," said Garcia.Another potential big influence on interest rates? "If COVID-19 is cured, you’re going to see rates spike overnight. Or any kind of change in economic policy or even, too, the economy itself being affected by COVID has the potential to drive interest rates a lot higher. So, there’s definitely on the horizon two major components, the election and COVID cure that are going to affect interest rates going forward," said Garcia.Garcia says it's best to take advantage of interest rates while they're low. Experts recommend speaking to a loan officer or financial advisor before taking out a loan. 2531

Florida Panhandle officials are trying to figure out how to resume classes after Hurricane Michael damaged or destroyed many schools last week.Schools in at least eight counties -- Washington, Liberty, Jackson, Gulf, Gadsden, Franklin, Calhoun and Bay -- will remain closed until further notice, the office of Gov. Rick Scott said Monday in a news release.The challenge is especially daunting in Bay County."I would say every single school in Bay County has some type of damage, some more extensive than others," said Steve Moss, vice chairman of Bay District School Board. "Some it'll probably take weeks or months to get online. Some it will take years."The only thing left of some of our schools ... is the foundation."Moss said he and his colleagues are working to come up with a plan to get thousands of students back in the classroom as soon as possible."We basically have 26,000 students here in Bay County," he said. "They still need educational services. They still need to learn."High school seniors have been told they will be able to graduate, Moss said. Younger students won't be held back from the next grade."Now, to be able to do that, they have to been in a classroom setting," according to state law, Moss said, with the wreckage of Jinks Middle School's gymnasium in Panama City, Florida, behind him.It was just renovated last month, with a new floor and lighting, Moss said. But now the gym's interior is completely exposed to the elements and the floor is littered with debris.Bay County's school officials are holding a meeting Monday morning to discuss how to get students back in classrooms, Moss said. 1644
First lady Melania Trump said in an interview that aired Thursday that she is the most bullied person in the world, which has led her to create her anti-bullying "Be Best" initiative, before softening her comments slightly to say she is one of the most bullied."I could say I'm the most bullied person on the world," Trump told ABC News in an?interview during her first major solo trip to Africa last week when asked what personally made her want to tackle the issue of cyberbullying."You're really the most bullied person in the world?" ABC News' Tom Llamas asked during the exchange. 598
Former presidents Barack Obama, George W. Bush and Bill Clinton all say they plan to receive a COVID-19 vaccine when it becomes available to them, and all have offered to take the vaccine in a public setting to demonstrate the safety and importance of vaccinations, according to CNN and NBC News.In an interview with SiriusXM radio host Joe Madison, which will air Thursday, Obama said he trusts health experts like Dr. Anthony Fauci "completely" and will follow their recommendations when it comes to vaccines."People like Anthony Fauci, who I know, and I've worked with, I trust completely. So, if Anthony Fauci tells me this vaccine is safe and can vaccinate — you know, immunize you — from getting COVID, absolutely, I'm going to take it," Obama said."I may end up taking it on TV or having it filmed, just so that people know that I trust this science, and what I don't trust is getting COVID."Obama's predecessor, George W. Bush, has also committed to receiving the vaccine publicly. According to NBC News, top Bush aide Freddy Ford said that the 43rd president would take the vaccine publicly when it is authorized."First, the vaccines need to be deemed safe and administered to the priority populations. Then, President Bush will get in line for his, and will gladly do so on camera," Ford said.Finally, representatives for former president Bill Clinton also confirmed to CNN that he would also receive the vaccine in a public setting when he is able to do so."President Clinton will definitely take a vaccine as soon as available to him, based on the priorities determined by public health officials. And he will do it in a public setting if it will help urge all Americans to do the same," his press secretary Angel Urena said.During his interview with Joe Madison, Obama said he understands why some Americans — especially those in the Black community — are hesitant to get vaccines. He cited the Tuskegee experiments, a 40-year experiment where doctors knowingly failed to treat Black men who were suffering from syphilis in order to study the effects.However, Obama stressed that widespread vaccinations are extremely important in keeping Americans and their neighbors safe and free of disease."The fact of the matter is, is that vaccines are why we don't have polio anymore, the reason why we don't have a whole bunch of kids dying from measles and smallpox and diseases that used to decimate entire populations and communities," Obama said. 2463
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