Transcript:
I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
The stock market rally continued on Thursday with stocks finishing in the green.. Recession fears are on the decline after the biggest drop in weekly jobless claims in 11 months.
Earnings season is also adding to an air of confidence. Eli Lilly is riding high on the strength of its diabetes and weight loss drugs. And, a surprise quarterly profit at Under Armour was taken as a positive sign on the health of the consumer.
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Turning to other news: Samsung has issued a recall for knobs for some of its stoves because the knobs are so sensitive that even a pet can turn on a flame.
Samsung said in a press release “This announcement follows reports that front-mounted range knobs can be activated through accidental contact by people or pets, posing a fire hazard if flammable objects are left on top of the range.”
There are several viral videos on the internet, which show pets turning on stoves with their paws by jumping on the unit. In one incident, home security footage caught a dog accidentally starting a house fire in Colorado by setting ablaze some boxes that were sitting on top of the stove.
The Consumer Product Safety Commission says the fire threat impacts about 1.1 million units, both gas and electric, sold between 2013 and 2024.
More than 300 complaints about the knobs have been made to Samsung since 2013. 250 fires were reported, 18 of those caused “extensive property damage,” and seven fires resulted in the death of family pets.
That’ll do it for your Daily Briefing. From the New York Stock Exchange, I”m Conway Gittens with TheStreet.
Related: Feds push for massive recall of deadly, defective airbags
