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Farmers across the country are hard at work preparing their summer harvest. After a devastating spring, they're seeing the market may be picking back up."We did see kind of a dip in produce buying in that mid-April period, a pretty significant dip in produce buying. But we began to normalize and climb out of that dip as we headed into May," said Ian Lemay, the President of the California Fresh Fruit Association.Lemay said farmers are now cautiously optimistic about the summer harvest, which is full of stone fruits like peaches, nectarines and plums."As long as the consumer has been able to make it into the grocery store, which as shelter in place has been eased, we've seen a bit more of a normalization of purchasing habits," Lemay said.When the COVID-19 pandemic first hit, some farmers were forced to throw out their crops or leave them in the fields to rot as supply chains crumbled, and demand quickly shifted. Some farmers can adjust their crops according to demand. Others, like stone fruit growers, have permanent crops like trees and vines that will produce fruit no matter what is happening to the market."We don't have the ability to throttle back or stop the harvest," said Tricia Stever Blattler, the Executive Director of the Tulare County Farm Bureau in California. "A permanent orchard that grows stone fruit like nectarines and peaches, plums or grapes, and certainly we can't tell our dairy cows to stop giving milk."Blattler said packing houses are facing longer production times due to new COVID-19 safety processes, but they're still able to put out plenty of produce. She is concerned, though, that the economic downturn will affect what shoppers buy at the grocery stores."Specialty produce, fresh eating produce will suffer and be less chosen. Less than it would in a good economic cycle," Blatter said. "People are going to buy the canned goods and more affordable choices at the grocery store and maybe skip some of those items that they see to be a little bit pricier like specialty crops."Farmers will also be at the whim of international markets, as many export up to 40% of their produce. The California Fresh Fruit Association is also hopeful that schools will be open in the coming months, as much of their fruit goes into a number of school lunch programs."We're hoping that meaningful plans by different educational institutions can be laid out, and maybe schools are back operating this fall," Lemay said. "We obviously like to get fresh fruit in the hands of children, and if they're not in school, it gets a little bit more difficult."As for what the near future holds for produce farming, many are hopeful that demand will continue. 2686

Fast food sandwich chain Subway expects to close about 500 stores in North America this year.But it's also hoping to open as many as 1,000 stores overseas.The company has 44,000 locations globally -- more than any other retailer. The National Retail Federation put its US store count at nearly 27,000 as of 2016, compared to 17,500 for Yum Brands, which runs Pizza Hut, Taco Bell and KFC, and the 14,000 locations for McDonald's.The company said Wednesday it expects stores to close after it rolls out a revitalization plan, announced last summer, that will require franchise owners to invest more in their operations. All Subway stores are franchise owned, rather than owned by the company. The plans to revamp locations include adding self-service kiosks, more comfortable seating and Wi-Fi and USB charging ports. In February, Subway also announced plans for a loyalty program to win back customers and stem slumping sales.Store closings are new for Subway. It had a net loss of more than 350 US stores in 2016, the first year in the company's history that it trimmed rather than increased its number of stores. The privately held company has yet to disclose its 2017 store count, but there were reports of hundreds of store closings."Looking out over the next decade, we anticipate having a slightly smaller, but more profitable footprint in North America and a significantly larger footprint in the rest of the world," the company said on Wednesday.Many of Subway's locations are smaller compared to other fast food rivals. That's one of the reasons there are so many of them -- it's much less expensive for a franchisee to open a Subway storefront rather than one for McDonald's or Burger King.Many traditional brick-and-mortar stores have been closing locations in recent years, as people buy more goods online. But that hasn't been the case for fast food, where there is virtually no competition from online competitors.Fast food sales on the other hand are getting hit by the drop in retail foot traffic in the places like malls, as well as the growing demand for healthier food.Subway also took a public relations hit in 2015 when Subway spokesman Jared Fogle pleaded guilty to charges of child pornography and crossing state lines to pay for sex with minors. He was sentenced to more than 15 years in prison. The company had not used him in a television commercial since 2013, and it quickly cut ties with him when his legal problems became public. 2512

Everything should be working properly now! We are continuing to monitor the situation. Thank you all for your patience and our sincere apologies for disrupting your day.— Zoom (@zoom_us) August 24, 2020 210

Elon Musk's latest big idea is daring even by his standards: He wants to turn Tesla into a private company.He stunned investors on Tuesday with a tweet saying he had already lined up the funding, and he told employees that it would relieve the electric car company of the "enormous pressure" of Wall Street's expectations.In a letter to Tesla workers that was posted on the company's blog, Musk called his idea the "best path forward.""As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders," he wrote.He also said trading its stock publicly "means that there are large numbers of people who have the incentive to attack the company." Musk has complained repeatedly about short-sellers, who profit when Tesla stock drops.Musk, the CEO and largest shareholder, said on Twitter that the private funding valued Tesla at 0 per share. Tesla is already the most valuable automaker in the United States.The early afternoon tweet sent Tesla stock spiking by almost 9%. Trading in Tesla was halted for more than an hour before Tesla posted Musk's letter to employees on its blog. It finished up 11%, at 9.The stock had climbed slightly earlier in the day after the Financial Times reported that Saudi Arabia has quietly built a big stake in the company.At first, Tesla had declined comment on Musk's tweet, even as he casually engaged Twitter followers with more posts about his plans.Musk said that he hoped all current investors would stay with Tesla even if it went private. He said he would create a special fund to allow that. Fidelity, the investment firm, has such a fund for its stake in SpaceX, a separate private company also run by Musk.He pledged to hold on to his stake in the company, about 20%, no matter what. He said he was "super appreciative" of Tesla shareholders, and vowed to "ensure their prosperity in any scenario."Tesla has burned through cash while struggling to produce the Model 3, its lowest-priced electric car. That has driven the stock lower and raised concerns about whether Tesla will need to sell more shares to pay for expansion. Musk has insisted Tesla has no such need.Musk has also clashed repeatedly with critics, especially investors who have taken short positions on the stock, meaning they benefit when the price falls. He clashed with analysts on a contentious call after Tesla reported earnings three months ago.Gene Munster, managing partner at Loup Ventures and a top tech analyst, said the odds that Musk will take Tesla private were about one in three. But he said the idea made a certain amount of sense."Musk does not want to run a public company," Munster wrote on his website. "His mission for Tesla (to accelerate the globe's adoption of sustainable energy) is both grand and long-term, making it difficult to accommodate investors quarterly expectations."It would cost about billion to take Tesla private at 0 per share. Before Musk's tweet, Tesla had a market value of billion, already higher than that of General Motors or Ford, even though those companies are significantly larger and more profitable.In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. Musk has vowed that the company will start turning a regular profit in the second half of this year.In a 2013 report, the SEC said companies can use social media outlets to announce important information, so long as they comply with regulations and "investors have been alerted about which social media will be used to disseminate such information."The SEC issued that report after Reed Hastings, the CEO of Netflix, used a Facebook post to congratulate Netflix's chief content officer on record-breaking viewership. Netflix stock moved higher as a result.Tesla said in a regulatory filing in 2013 that investors interested in keeping up with Tesla should follow Musk's account.The SEC declined comment on Musk's tweet.Musk has a history of outrageous behavior on Twitter.On April 1, amid rising market concerns about a cash crunch at Tesla, he tweeted an email announcing that Tesla would have to file for bankruptcy. The tweet was apparently an April Fool's joke.Musk also faced intense public criticism after he suggested in a tweet that one of the rescuers of the Thai soccer team trapped in a cave was a pedophile.He later deleted that tweet and apologized for that exchange, but at least one analyst suggested Musk needed to get off Twitter to restore investor confidence in the company.After Musk, the next largest shareholders in Tesla are the mutual fund giants T. Rowe Price and Fidelity, with stakes of more than 9% and 8%, respectively, according to Thomas Reuters Eikon.Scottish money manager Baillie Gifford, which recently urged Musk to focus less on tweeting and more on running the business, is the fourth-largest shareholder, with a nearly 8% stake. Chinese tech giant Tencent owns almost 5%.James Anderson, a Baillie Gifford fund manager who recently called out Musk's tweeting in an interview with Bloomberg, had no comment about Musk's tweets on Tuesday. Fidelity and T. Rowe Price also declined comment.— CNNMoney's Donna Borak contributed to this report.The-CNN-Wire 5277

ESCONDIDO, Calif. (KGTV) -- The San Diego Zoo is now five years into its ambitious attempt to save a critically endangered species, the Northern White Rhino, from extinction. There are currently just two Northern White's still alive, both females who are unable to give birth. They live at a preserve in Kenya.“It’s the only thing that keeps me going, thinking that this is possible and that we can save a species," says Dr. Marisa Korody, part of the team working on the project. The concept sounds like a science fiction novel. The plan is to take skin cells from Northern White rhinos preserved at the Safari Park's Frozen Zoo. Using Nobel Prize-winning technology developed 14 years ago, Dr. Korody is working to use those skin cells to make stem cells. Stem cells can then be converted into any other kind of cell. In this case, the genetically pure Northern White Rhino sperm and eggs that could be used for in vitro fertilization, with Southern White Rhinos, a close genetic cousin of the Northern White, to use as surrogate mothers. Dr. Korody says her team has made great progress, including successfully turning skin cells from Angilifu, a male Northern White rhino who died at the Safari Park in 2014, into stem cells and turning those stem cells into heart cells. They even recorded incredible video of those living heart cells beating in a petri dish. “We basically jumped up and down in the lab. That was probably one of the most exciting days we’ve had. We were pulling people in from the hallways to say, come look and see what we did.” Along with the cell portion of the project, tremendous progress has also been made with the in vitro research. This fall, the Zoo celebrated the first birthdays of two Southern White Rhinos who were born using the technology the team hopes to use with the Northern White embryos. “These two, Edward and future, are so healthy, so happy, so well-adjusted. I don’t have children of my own, but I think it must be the same kind, on some scale, of pride you feel in your own children," said Dr. Barbara Durrant, who leads that portion of the project. When ABC 10News first began covering the Northern White Rhino plan in 2015, Dr. Durrant estimated it would be ten years before a Northern White calf would be successfully born. Now halfway through that timeline, she says she believes they are right on track. 2366

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