NEWS-03
And Chipotle`s food scare hits earnings hard.>
big gains. The Dow rose eighteen points, hitting its highest level since
July, the S&P gained less than a point, the NASDAQ slipped a point.>
ANNE-MARIE GREEN: On the CBS MoneyWatch, a tax deadline surprise. And it`s a good one. And Chipotle`s food scare hits earnings hard. Jill Wagner is at the New York Stock Exchange with that and more. Good morning, Jill.
JILL WAGNER: Good morning, Anne-Marie. Stocks on Wall Street didn`t move much Thursday after two days of big gains. The Dow rose eighteen points, hitting its highest level since July, the S&P gained less than a point, the NASDAQ slipped a point.
It`s April 15th, which is traditionally Tax Day, the deadline for filing your taxes. But you have a little breathing room this year because April 15th is also Emancipation Day. That`s deadline has been extended to April 18th. You could always request an automatic six-month extension from the IRS.
General Motors says it will phase out cars without airbags and other safety features by the 2019 model year. GM made the announcement after one of its subcompacts; the Chevy sale flunked a crash test in Latin America. Earlier this year, GM defended selling cars without airbags in markets that don`t require them because they are more affordable for low income buyers.
Delta Airlines is dropping the fee it charges for customers who buy their tickets over the phone. The Delta phone fee was twenty-five dollars. Most major airlines charge these fees. The airlines though want you to buy tickets online. It`s cheaper for the airlines than maintaining agents at a big call center.
And the Mexican food chain Chipotle is reportedly paying the price for a month`s long food safety crisis. According to research by JP Morgan, Chipotle will have lost three years worth of earnings because of the food illness outbreaks that started last year. Chipotle`s shares dropped after E. coli outbreaks and norovirus incidents last fall. JPMorgan though does not expect the fallout to last long. Anne-Marie.
ANNE-MARIE GREEN: Jill Wagner at the New York Stock Exchange. Thanks a lot, Jill.
Still ahead, seal sanctuary. We`ll show you why hundreds of seals took over a beach in Cape Cod.
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ANNE-MARIE GREEN: Football fans can start planning for the upcoming season. The NFL released its 2016 schedule last night. On September 8th, the Broncos and the Panthers kick off the season in a Super Bowl 50 matchup. And, of course, CBS is bringing you another season of Thursday Night Football. The action starts with an AFC showdown September 15th between the New York Jets and the Buffalo Bills.
The annual Wounded Warriors ride rolled through Washington, DC, on Thursday. As he has for the last seven years, President Obama officially kicked off the race from the White House. The ride takes sixty-five wounded service members and vets sixty miles over three days.
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