Cheddar morning business update 10/13: Tesla recalls 11,000 of its SUVs

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EDISON -

Top morning business and technology headlines for Oct. 13, 2017: 

  • AT&T says it lost 390,000 traditional video subscribers in the last quarter and gained about 300,000 subscribers to its less-expensive streaming service, DirecTV Now. It's yet another sign that so-called “cord cutters” are putting pressure on traditional media companies.
  • A big recall for Tesla. The electric car maker is recalling about 11,000 Model X SUVs - nearly all of the vehicles on the road - because of possible issues with their second-row seats. Tesla says it can fix the problem in about 10 minutes and only 3 percent of the recalled cars will actually have the issue.
  • The California wildfires could send the price of legal marijuana higher. The “New York Post” reports the fires have destroyed at least six of the area's legal marijuana farms and could put the farmers out of business. Insurance isn't available for marijuana growers like it is with many other crops because it's not legal on a federal level.

  • BusinessMore>>

  • Merkel says climate change is 'a fact,' laments US stance

    Merkel says climate change is 'a fact,' laments US stance

    Tuesday, June 19 2018 5:20 AM EDT2018-06-19 09:20:32 GMT
    Tuesday, June 19 2018 6:03 PM EDT2018-06-19 22:03:30 GMT
    (AP Photo/Markus Schreiber). In this photo taken with a red television camera control light in the fore ground, German Chancellor Angela Merkel attends a joint statement with the Prime Minister of Italy Giuseppe Conte prior to talks at the chancellery ...(AP Photo/Markus Schreiber). In this photo taken with a red television camera control light in the fore ground, German Chancellor Angela Merkel attends a joint statement with the Prime Minister of Italy Giuseppe Conte prior to talks at the chancellery ...
    Angela Merkel says Germany remains fully committed to the Paris climate accord, despite U.S. President Donald Trump's decision to pull out of the agreement.
    Angela Merkel says Germany remains fully committed to the Paris climate accord, despite U.S. President Donald Trump's decision to pull out of the agreement.
  • Iran rebuffs Trump's call for OPEC to increase oil output

    Iran rebuffs Trump's call for OPEC to increase oil output

    Tuesday, June 19 2018 9:30 AM EDT2018-06-19 13:30:37 GMT
    Tuesday, June 19 2018 6:03 PM EDT2018-06-19 22:03:13 GMT
    (AP Photo/Hussein Malla, file). FILE - In this April 6, 2018 file photo, a former farmer works at a primitive refinery as he makes crude oil into diesel and other products, in Rmeilan, Hassakeh province, Syria. The oil ministers of the OPEC cartel are ...(AP Photo/Hussein Malla, file). FILE - In this April 6, 2018 file photo, a former farmer works at a primitive refinery as he makes crude oil into diesel and other products, in Rmeilan, Hassakeh province, Syria. The oil ministers of the OPEC cartel are ...
    The oil ministers of the OPEC cartel are arriving in Vienna to discuss later this week whether to increase production of crude oil and help ease the price of global energy.
    The oil ministers of the OPEC cartel are arriving in Vienna to discuss later this week whether to increase production of crude oil and help ease the price of global energy.
  • Spanish royal couple visit White House to finish up US trip

    Spanish royal couple visit White House to finish up US trip

    Tuesday, June 19 2018 2:52 PM EDT2018-06-19 18:52:15 GMT
    Tuesday, June 19 2018 6:03 PM EDT2018-06-19 22:03:04 GMT
    (AP Photo/Susan Walsh). President Donald Trump, second from right, and first lady Melania Trump, right, welcome Spain's King Felipe VI, second from left, and Queen Letizia, left, to the Oval Office of the White House in Washington, Tuesday, June 19, 20...(AP Photo/Susan Walsh). President Donald Trump, second from right, and first lady Melania Trump, right, welcome Spain's King Felipe VI, second from left, and Queen Letizia, left, to the Oval Office of the White House in Washington, Tuesday, June 19, 20...
    President Donald Trump and first lady Melania Trump are welcoming Spain's King Felipe VI and Queen Letizia to the White House.
    President Donald Trump and first lady Melania Trump are welcoming Spain's King Felipe VI and Queen Letizia to the White House.
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