Tesla’s stock soared 5.3% after CEO Elon Musk recently told investors he would be spending more time on the company. Investors responded enthusiastically to his promise, sending the stock soaring. The electric vehicle manufacturer’s troubles are compounding quickly after it previewed a disappointing quarter.

The Dow, S&P 500 and Nasdaq Composite are on pace for a second day of gains after President Trump said he won’t fire Federal Reserve Chairman Jerome Powell after all, but he still pushed him to cut interest rates now.

The president says tariffs on Chinese goods will be substantially lower, he has no intention of firing Fed Chief, and more news to start your day.