• 5 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are why two automakers are recalling more than 775,000 vehicles.

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Transcript
00:00 I'm Conway Gittins reporting from the New York Stock Exchange.
00:02 Here's what we're watching on the street today.
00:04 Stocks are coming off a winning week on Wall Street with the S&P 500 clinching a new record
00:09 high.
00:10 Investors are looking ahead to the Federal Reserve's latest decision on interest rates
00:14 and May inflation data both out Wednesday.
00:17 Separately, investors are awaiting Apple's annual Worldwide Developers Conference where
00:21 the tech giant will announce updates to its software and Wall Street is looking at how
00:25 Nvidia's stock performs after its 10-for-1 stock split.
00:30 In other news, 775,000 vehicles are being recalled from two automakers.
00:35 Kia is calling back 463,000 of its Telluride SUVs and Stellantis-owned Dodge is recalling
00:43 roughly 212,000 SUVs and pickup trucks.
00:46 The Kia recall involves Tellurides made between 2020 and 2024.
00:51 The National Highway Traffic Safety Administration says there's potential for the front seats
00:56 to catch fire.
00:57 The agency has cautioned owners to park outside and away from buildings due to the issue.
01:04 This is Kia's second Telluride recall just this year.
01:07 The company called back 400,000 vehicles because the SUV had the potential to roll away even
01:13 while in park.
01:14 The Stellantis recall is for several different models.
01:17 2022 Dodge Durangos and 2022 Ram 2500 and 3500 trucks have an issue with their anti-lock
01:24 braking systems, according to Stellantis.
01:27 That issue could deactivate the vehicle's stability control system, which prevents the
01:31 loss of steering capabilities during an emergency.
01:35 According to NHTSA, driving a car without that system increases the probability of an
01:40 accident.
01:41 That'll do it for your daily briefing from the New York Stock Exchange.
01:44 I'm Conway Gittins with the Street.
01:46 Thanks for watching.
01:47 you
01:47 [BLANK_AUDIO]

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