Treasury Yields Rise, Markets Fall
The major averages began selling off during the 3 p.m. hour as treasury yields spiked. The Dow closed lower for a fourth straight day, but the S&P 500 managed to close slightly higher.
The New York Daily News is reporting the two killers who escaped from Clinton Correctional Facility have been found about 40 miles south of the prison. I spoke exclusively with the CEO of Correctional Corporation of America, a publicly traded prison company. He says prisons around the nation need to update protocols and be more vigilant about security.
General Motors CEO Mary Barra was blindsided at her own shareholder meeting. She refuses to answer questions about pending wire fraud charges related to the ignition switch disaster in which 13 people were killed. GM stock closed up .77%.
And, still riding high from his big Triple Crown win, jockey Victor Espinoza is an amateur stock trader with a pretty good track record. We talked to him about his best investment payoff ever, and asked him what the moment of winning the Triple Crown was like.