NEWS-04
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election and they`re also waiting for this week`s Federal Reserve meeting.
It starts today. Stocks were mostly unchanged yesterday. The Dow lost
eighteen points.>
On the CBS MoneyWatch, BlackBerry is moving to a major automaker`s dashboard. And the White House prepares for a social media transfer of power. Jill Wagner is at the New York Stock Exchange with that and more. Good morning, Jill.
JILL WAGNER: Good morning, Anne-Marie. Traders are watching the latest developments in the presidential election and they`re also waiting for this week`s Federal Reserve meeting. It starts today. Stocks were mostly unchanged yesterday. The Dow lost eighteen points. The S&P fell a quarter of a point. The NASDAQ lost nearly a point.
Ford signed a software deal with BlackBerry. BlackBerry currently sells technology to the auto industry. This is the first time though that BlackBerry signed a deal directly with a major automaker. The new move could lead to enhanced vehicle display, security, and infotainment, as Ford develops increasingly automated cars.
It`s reported that both the ex-CEO and chief financial officer at the pharmaceutical company Valeant are the focus of a federal criminal investigation. Authorities are looking into alleged accounting fraud. Bloomberg News says the company has been under investigation for about a year. Valeant has been the focus of a lot of scrutiny in recent years following dramatic price hikes.
There will be a lot of changes for President Obama once he leaves office, including a new social media handle. Mister Obama will no longer use the handle @POTUS. The White House announced all of the administration`s social media accounts, including the President`s @POTUS will belong to the next president. The new accounts will start fresh. The Obama accounts will be stored at the National Archives.
And it`s starting to look like the holidays at Starbucks. An anonymous barista leaked a photo of this year`s holiday cups. They won`t actually be used until later this month. The design has more of a holiday theme than last year`s when a solid red cup sparked backlash because it didn`t feature any holiday images or symbols. Anne-Marie.
ANNE-MARIE GREEN: Yeah. People were really outraged by last year`s cup, the pressure to make sure you deliver this year and that looks like a decent looking cup, I think.
JILL WAGNER: You know what much ado about a red cup. I-- I usually focus more on what`s in it, right?
ANNE-MARIE GREEN: Exactly, just high caffeine. That`s what we need at these hours. Jill Wagner at the New York Stock Exchange. Thank you so much, Jill.
Still ahead, tackling food waste and hunger. We go to London to learn about the experiment that allows customers to pay what they can.
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