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Ford decided to move the unveiling of the 2021 Bronco after realizing the original reveal date of July 9 was O.J. Simpson’s birthday.In a statement to E.W. Scripps, the carmaker said that the original July 9 date was purely coincidental.“The previously targeted date of July 9 unintentionally coincided with O.J. Simpson’s birthday," Ford officials said in a statement. "We wanted to be sensitive and respectful of this concern.” 437

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

Former Democratic National Committee interim chair Donna Brazile, in newly released excerpts of her forthcoming book, alleges that an unethical agreement was signed between Hillary Clinton's 2016 presidential campaign and the DNC to keep the party financially afloat.Bernie Sanders' 2016 campaign also signed its own joint fundraising agreement with the DNC.In excerpts from "Hacks: The Inside Story of the Break-ins and Breakdowns that Put Donald Trump in the White House,"?published in Politico, Brazile writes the DNC was rigged in Clinton's favor because her campaign was largely financing the party early on in the presidential election.Brazile's comments rip a scab off a wound that plagued the Democratic Party during last year's primary and charge the Clinton campaign with impropriety.The Democratic strategist said the agreement "was not illegal, but it sure looked unethical." 900

For more on what the potential #LaNina could mean for weather near you check out https://t.co/PvRphQLqJH pic.twitter.com/F2tqh9dryh— NWSCPC (@NWSCPC) July 9, 2020 176

Flint schools are finally getting the help they need to provide safe water fountains for their students.Flint Community Schools thanked billionaire Elon Musk and the Musk Foundation last week for donating money to install new water fountains with filtration systems at all its schools.Lead and other toxins were found to be tainting Flint's water supply four years ago, in what's been called the Flint water crisis. Since then, the community has struggled with water contamination problems."We are deeply grateful for the generosity and the budding partnership between Flint Community Schools, the Musk Foundation and Elon Musk," said Flint Community Schools Superintendent Derrick Lopez. "The new water filtration systems will be instrumental in helping our students return to the normalcy of what should be a fundamental right: having access to safe, clean water from water fountains in their school."Flint schools will install new ultraviolet water filtration systems for all its water fountains in school buildings thanks to the 0,350 donation, according to the city of Flint.The former Tesla CEO responded to the school's announcement on Twitter. "You're most welcome. Hope to do more to help in the future," he wrote.Musk first promised to help Flint in a tweet back in July. "Please consider this a commitment that I will fund fixing the water in any house in Flint that has water contamination above FDA levels. No kidding," he wrote at the time.The new fountains and filtration systems will be installed in all 12 Flint schools and the district's administration building by the end of January 2019."The UV water purification method within the water filtration systems will disinfect all lead and bacteria coming from the water pipes to allow students to drink from and fill up water bottles from school water fountains," the city of Flint said in a press release on October 5. 1896