The markets traded flat with the Dow adding a point to 20,983. Nasdaq rose 11 points to 6,161.
As auto sales soften, Ford will cut approximately 10% of its salaried workforce in North America and Asia in an effort to improve profits and increase its stock price. Early retirement incentives will be offered to motivate workers to voluntarily leave the company. The job cuts are part of a comprehensive plan to slash expenses by $3 billion.
Delta Air Lines will test facial recognition technology at a self-service bag drop kiosk in the Minneapolis-St. Paul International Airport. Customers must first scan their passports before submitting to a facial scan that will verify their identity. The kiosk will allow passengers to check-in bags and pay fees without using a check-in agent.
Delphi has joined a collaborative that was formed a year ago by BMW, Intel and Mobileye to develop autonomous car technology. Delphi had demonstrated a self-driving Audi equipped with Delphi's systems and sensors at CES 2017 earlier this year that used image processing technology from Mobileye. The alliance expects to bring a self driving platform to production by 2021.
The broader S&P 500 eased a point to 2,400. Bitcoin climbed $30 to $1731.
