This is your daily news briefing from Cheddar,
the Consumer Financial Protection Bureau saying people should not store money
in payment apps like Venmo or paypal for the long term.
This over concerns that the funds may not be safe
during a crisis if those services experience a bank run.
For example,
funds may not be protected by the federal
deposit insurance corporation that insures traditional bank accounts.
Journalists are planning a one day strike at
roughly two dozen newsrooms run by Ganes,
the largest newspaper chain in the US
news Gil the union that represents some of the employees say
the walkout will take place during the company's annual shareholder meeting.
Strikers are set to protest cost cutting
measures like layoffs and newsroom closures.
Boeing is further delaying the launch of its starliner spacecraft.
After finding issues with the capsule,
the spacecraft was supposed to launch July 21st.
It's set to carry a pair of NASA astronauts to the International Space Station
and that's your show news update. I'm
in New York.