NEWS-05
yourself just got a little easier.>
mid-April to mid-May. The Beige Book report could convince Fed officials to
hold off on an interest rate hike when they meet later this month.>
On the CBS MoneyWatch, car sales hit a speed bump, and Googling yourself just got a little easier. Jill Wagner is at the New York Stock Exchange with that and more. Good morning, Jill.
JILL WAGNER: Good morning, Anne-Marie. The Federal Reserve says the U.S. economy grow at a modest pace from mid-April to mid-May. The Beige Book report could convince Fed officials to hold off on an interest rate hike when they meet later this month. Investors are still waiting for the May jobs report out tomorrow.
Stocks eked out small gains yesterday. The Dow finished two points higher. The S&P also gained two points. The NASDAQ added four points.
Shares of GM and Ford were down on word of slumping U.S. auto sales last month. May is usually one of the strongest months for auto sales in the United States. GM sales were down eighteen percent due in part to a cut by fleet buyers. Ford was down just over six percent due to a slide in passenger car sales. Overall, Americans bought six percent fewer cars and light trucks in May than they did last year.
Uber is getting a lift from Saudi Arabia. The Saudis are investing three and a half billion dollars into the ride-hailing service. For the price, the Saudis are getting a seat on Uber`s board of directors. Uber has been raising money to fund its expansion.
Big changes are in store for Facebook emojis. Five male emojis are being turned into female characters. The five emojis--the pedestrian, police officer, jogger, swimmer and surfer--will still show up as male on your keyboard but they will appear as female in your message. Facebook`s also allowing you to select skin tone.
And, Anne-Marie, want to know how much Google has been digging into your life? Well, Google is updating its My Account feature. And that way it will be easier for users to find out what Google knows about them. So when users do a vanity search--Googling their own name--a card linking to their account settings will show up. It`s actually the first time Google has linked user`s accounts information into its search engine. Users will also be able to see how they`re depicted on various sites. It`s not that we would ever Google ourselves. Anne-Marie.
ANNE-MARIE GREEN: Oh, no. Not me.
JILL WAGNER: Who would do that?
ANNE-MARIE GREEN: That`s unhealthy. Jill Wagner at the New York Stock Exchange. Thanks a lot.
Still ahead, shaking the salt habit. For the first time the government is cracking down on salt in some of your favorite foods to save lives.
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