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Ford is recalling about 350,000 trucks for a problem that could cause them to roll even after the driver shifts into park.The automaker says the issue affects 2018 Ford F-150 and Ford Expedition vehicles with 10-speed automatic transmissions, as well as Ford F-650 and F-750 vehicles with 6-speed automatic transmissions.Ford says a piece of equipment on the affected vehicles can become dislodged over time, which means the car won't be in the gear that it looks like it's in, such as park.This means that if the driver shifts the car into park, the car might not actually be in park — and there would not be a warning message to indicate that. If he or she doesn't use a parking brake, Ford says the vehicle could roll.Ford says it's aware of one reported accident and injury.The company is also recalling more than 100 other vehicles for a missing transmission roll pin. If the pin is missing, the company says that the transmission on those vehicles might eventually lose the ability to park, even if the driver shifts the car into that gear.Ford says that problem affects around 160 of the 2017 and 2018 Ford F-150s, 2018 Ford Expeditions, 2018 Lincoln Navigators and 2018 Ford Mustangs with 10R80 transmissions.  1231

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

Following lackluster holiday sales, Toys 'R' Us will sell or close all 800 of its remaining stores, a source told the Washington Post on Wednesday. In January, the company announced that it was closing 182 locations in 2018. Wednesday's news could affect up to 33,000 jobs with the company. The company is in the midst of bankruptcy, and is facing nearly billion in debt dating back to 2005. The company filed for bankruptcy six months ago, and has yet to find a buyer. Meanwhile, sales at brick and mortar retailers continue to drop. The Wall Street Journal reported last week that company was preparing to abandon restructuring efforts, and prepare to liquidate its stores. Earlier on Wednesday, the company announced that it is closing its remaining 75 locations in the United Kingdom  834

Finding out that someone has bought you a present is almost always awesome. Unless that gift is for your unborn child and you are, as far as you know, not expecting.Amazon sent out some very confusing emails on Tuesday, telling a large number of customers that someone had bought an item off their baby registry. Many of the recipients did not have a baby registry -- let alone a baby gestating or any plans to have or adopt a baby. 440

FRESNO, Calif. (KGTV) -- A Fresno man accidentally lit his parents' home on fire while trying to kill spiders with a blowtorch, according to KGO.The fire happened Tuesday night at a house in the Woodward Lake housing development while the man was reportedly house sitting for his parents. A total of 29 firefighters responded to the home. No one was injured and the man who called firefighters made it out safely. RELATED: SDSU researchers find unbelievable benefits to black widow spider silkCrews say the exact cause of the fire is undetermined, but they believe the blowtorch is to blame. 614

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