NEWS-03
giant diamond in the rough is for sale.>
following the Brexit vote. Wall Street`s rally followed gains in Asia and
Europe and good news on the U.S. housing market.>
On the CBS MoneyWatch now, a new recall related to airbags, and a giant diamond in the rough is for sale. Jill Wagner is at the New York Stock Exchange with that and more. Good morning, Jill.
JILL WAGNER: Good morning, Anne-Marie. Global stock markets are bouncing back from the two-day rout following the Brexit vote. Wall Street`s rally followed gains in Asia and Europe and good news on the U.S. housing market. The Dow jumped two hundred and sixty-nine points. The S&P rose thirty-five points. The NASDAQ finished ninety-seven points higher.
Toyota is recalling 1.4 million hybrid cars because of a possible airbag-- airbag defect. This time, though, it is not related to faulty airbags made by Takata. In the U.S. the recall covers four hundred and eighty-two thousand cars, the Prius, Prius Plug-in, and Lexus CT200h model years 2010 through 2012. The airbag inflators may have a small crack. For more information you can go to the Toyota website, Toyota.com/recall.
Starwood Hotels and Resorts is now managing a hotel in Havana, Cuba. It is the first time a U.S. company has managed a hotel in Cuba since 1959. The Cuban military owns the hotels close to the beach. Starwood says it will take several months to refurbish the property.
The world`s largest uncut diamond is going up for auction today in London at one thousand one hundred and nine carats. It is the second largest diamond ever found. It`s actually the size of a tennis ball. It was discovered in Botswana last November. The diamond is owned by a Canadian mining firm. It`s expected to sell for about seventy million dollars.
And Amazon is expanding its Dash program. A Dash is a small device that lets customers order a specific item like detergent or food by pressing a button. Customers can now order Dash buttons for more than a hundred and fifty brands, including Campbell`s Soup. The button cost four dollars and ninety-nine cents each but that`s actually credited back to customers after their first order. Anne-Marie.
ANNE-MARIE GREEN: Not bad. Jill Wagner at the New York Stock Exchange. Thank you, Jill.
Still ahead, remembering a coaching legend. More reaction to the death of basketball coaching great Pat Summitt.
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