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Tesla released a new feature called "dog mode" that might be a game changer for pet owners.Now, if you are on a road trip with your pet and need to run into a store, Tesla's "dog mode" will not only keep your dog cool while the vehicle is off, it will inform passersby that they are safe. How does it work? Drivers will be able to select a temperature for the car to maintain when it is off. This is similar to Tesla's overheat cabin function that keeps cars from exceeding 105 degrees while off. The car will display a message that reads, “My owner will be back soon. Don’t worry! The A/C is on and it’s (temperature of car).” In instances of extreme cold, it will also heat the vehicle. 701
The aurora borealis will be visible this weekend in parts of several northern US states, according to the National Oceanic and Atmospheric Administration.The light show, forecast for Saturday and Sunday, is a result of geomagnetic storm activity, NOAA says.The northern lights are a common sight for Americans in Alaska, but over Labor Day weekend the phenomena will brush down into parts of the contiguous US, including Idaho, Montana, North Dakota, South Dakota, Minnesota, Michigan, Wisconsin, New York, Vermont, and Maine, according to an 555
The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400
The District of Columbia Attorney General's Office has subpoenaed the Trump inaugural committee for documents related to its finances.The subpoena, dated February 26 and obtained by CNN, says the attorney general, Karl Racine, is investigating "whether the Committee's expenditures of its nonprofit funds were wasteful, mismanaged, and/or improperly provided private benefit, causing the Committee to exceed or abuse its authority or act contrary to its nonprofit purpose."The new probe indicates widening interest among law enforcement officials into Trump's inaugural, which is also being investigated by prosecutors in New York and New Jersey.The documents, due by March 29, cover a wide swath of committee activity. The subpoena asks for inaugural committee financial and governance documents, vendor contracts and communications, as well as money the committee paid to the Trump Organization and the Trump International Hotel in downtown Washington. The hotel was a hot place to stay for revelers attending Trump's inauguration in January 2017, and it remains a central hangout for tourists and Trump associates in the city.The office declined to comment, when reached by CNN. 1194
The Federal Aviation Administration is warning airlines to check their Boeing airplanes for an issue that could be a problem with the wings.The FAA says faulty parts are at risk of cracking and premature failure. Airlines will have 10 days to remove or replace the parts.The issue is not enough to cause a plane to crash, the FAA says, but it could lead to in-flight damage.“ This is something where you could have an issue and basically when the plane lands mechanics would have to work on it, the plane would come out of service, maybe you'd have cancellations, some delays but not something that could bring down an aircraft,” said Seth Kaplan, aviation analyst.More than 300 Boeing airplanes are impacted — 65 of those are in the United States. Among the planes affected, the 737 Max planes currently grounded are included.The latest issue is adding to scrutiny surrounding the 737 Max airplane.“Because of everything Boeing has gone through, because 346 having died aboard 737 in recent months … this is gonna generate a lot more attention,” Kaplan said.Boeing is still working on getting federal approval for a software update to fix the issues that investigators say played a role in the two crashes. 1219