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FREMONT, Calif. (KGTV) -- Tesla has decided to temporarily shut down production of the Model 3 for the second time in 2018, according to BuzzFeed.Production of the Model 3 will be on pause for four to five days in a move employees told BuzzFeed came without warning.Employees of the company will be expected to take vacation days or stay home without pay.RELATED: Tesla Model 3 on display in San Diego showroom A spokesperson said the assembly line is on pause to improve automation.In late February, Tesla shut down the Model 3 line in a move the company said was meant to increase output. The company added in February that such pauses are common. RELATED: Tesla recalling more than 100,000 Model S sedansThe company has struggled to meet production goals in the last six months. Musk said that the company would manufacture 2,500 cars per week by the end of the first quarter of 2018 but was only making 2,000 per week by April 1.  962

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

Former Fox News anchor Shepard Smith has a new landing spot after leaving the network abruptly last fall. CNBC announced that Smith will join the network and host a 7 p.m. newscast.“The News with Shepard Smith” will launch this fall, and CNBC said that Smith will also serve as the network's chief general news anchor and managing editor of the breaking news division.“I am honored to continue to pursue the truth, both for CNBC’s loyal viewers and for those who have been following my reporting for decades in good times and in bad,” Smith said in a press release.Smith was one of FOX News' original hires when the network launched in 1996. Smith hosted "Shepard Smith Reporting" starting in 2013, and before that, was the anchor of "Studio B."CNBC, which is more geared toward financial news, said it will use Smith’s program beyond financial news.“Much like our coverage of the coronavirus pandemic, CNBC reporters and producers can go beyond the financial markets to tell rich, deeply-reported stories across the entire landscape of global news. Each evening, Shep’s program will be the place where we’ll deliver that same credible coverage of the key issues of the day,” said Dan Colarusso, Senior Vice President, CNBC Business News. 1247

Following the CDC's recent No Sail Order extension , cruise lines say they'll not only create a bubble, but they'll test everyone who steps onboard. The tourism industry has been hit hard by the pandemic, and industry leaders say people are ready to take their coronavirus precautions and set sail.“We’ve been out of California, we’ve done all the Mexican, Caribbean, Bahama, Alaska, Hawaii, we’re planning on Panama Canal next year. After that we want to go to Europe and do a riverboat cruise,” said Betsy Atwood, a passenger on 37 past cruises.When she's not "cruising,” Atwood calls Vassar, Michigan, home. She was onboard a ship last spring when cruise lines were ordered back home. Ever since then, she's been ready to get back out on the high seas.“They need to sail, they need to get them going. You’re safer on the ship then you are to the grocery store. They’re so clean to begin with and I know now they’re cleaner than they were before,” Atwood said.Cleaning is just one part of the broad plan to get passengers back said Joe Leon, vice president of field sales for Silversea in the Americas. Silversea in the Americas is the luxury arm of Royal Caribbean and its ships only carry 600 people on board, which is small by industry standards. Other vessels have capacities of five to six thousand guests.Leon said since the shutdown, they've been simulating what life would be like on the ship, including dining and egress.He said the team of experts behind "Healthy Sail Panel" detailed all of that in a 65-page report for the cruise industry.The "74-point memo on exactly what their recommendations are, assessment of our current protocols and how the science applies and why it should apply and why these are the recommended action and result is a safe environment, our idea is to create a bubble for customers,” Leon said.Testing 100% of passengers, face coverings, enhanced sanitation methods will be everywhere. Leon says the report details multiple focal points.“First is embarkation and screening,” Leon said. “That’s testing and how strict we are with crew and passengers and contractors. Then there's public safety on board and public access where you will have to wear masks and what’s the proper social distancing measures.”They're taking shore excursions into account too, and medical facilities. While things will be different, he says, it's everyone's responsibility to do their part so that everyone can safely sail when it's time.For Atwood, who has a new excursion planned for March, what they're doing is more than enough. She's part of a group who is anxiously awaiting their annual cruise, and says, “We’ll all be heartbroken; they need to open them back up," Awtood said.The CDC's No Sail Order expires October 31, but some cruise lines are postponing voyages through the end of 2020. 2823

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