Live—from the campus of Hillsdale College in beautiful Hillsdale Michigan— this is Scot Bertram in for Steve on the Steve Gruber Show for

–Friday, October 28th 2022—

 

MORE NEWS: The Secret to Total Body Recovery that Big Pharma Doesn’t Want You to Know About

—Here are 3 big things you need to know—

 

One — After being Twitter’s new owner for an hour, Elon Musk is already firing several top executives.  The billionaire has previously said he plans to cut around 75-percent of the company’s staff after he takes ownership.  The same night he acquired the company, Musk fired the CEO and CFO, along with other top executives.  

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Two—   The closing of a self-driving vehicle technology company led to a large third quarter loss at Ford Motor Company. The automaker lost 827-million dollars and noted that Argo AI, which was trying develop fully autonomous vehicles, will be shut down. Ford invested one-billion dollars in the company back in 2017 and said they would have self-driving cars on the road by 2021.

 

And number three— Mortgage rates are increasing yet again.  Freddie Mac says the 30-year rate went up to seven-point-zero-eight percent this week.   It comes as the Federal Reserve has been hiking interest rates in a bid to fight soaring inflation this year.