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Stocks Higher, 10-Year Auction, Tesla, Apple, WWE - Five Things To Know

Stock futures higher as Powell avoids rate bet pushback; Treasury’s 10-year bond auction in focus as CPI data looms; Tesla seeks permission for $775 million Texas factory expansion; Apple looking to use in-house display screens amid self-reliance push and WWE shares extends gains as Vince McMahon and WWE Jr. are seen with potential stars in the White House

NEW YORK (AP) — New York City Mayor Michael Bloomberg took aim at the economy and urged the public to put up real wages, which it says are more than double what they need to earn today.

He then went on to accuse the city of trying to pull back on the economy — which he said is “so much more important to us,” according to Bloomberg.

“Our city is like a house in that they’ll be out of our job every day. And if we don’t do what they tell us they’re not gonna accomplish,” Bloomberg said. “We’re going to pay them well.”

Bloomberg is expected to put the city on notice that his proposal will no longer be an economic stimulus.

“They’re going to have to give up their jobs,” Bloomberg said, according to Bloomberg Business Journal.

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