CNBC Daily Open: Mega money Musk, Kitty's stake grows

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

More records, Dow lags
The S&P 500 and the Nasdaq Composite inched their way to a fourth consecutive record close as the latest data showed inflation was easing. Chipmaker Broadcom soared after it delivered better-than-expected second-quarter earnings and announced a 10-for-1 stock split. The Dow Jones Industrial Average was the laggard, falling 65 points, dragged down by Salesforce and Amazon. The yield on the 10-year Treasury slipped after the producer price index unexpectedly fell. U.S. oil prices declined. 

Mega bucks
Tesla shareholders voted to ratify CEO Elon Musk's 2018 pay plan at the annual meeting, despite a Delaware judge ordering its rescission five months earlier.  The vote, a public relations win for Musk, doesn't override the court's ruling but may aid his future efforts to secure performance options. The package, once valued at $56 billion, was deemed "unfathomable" by the court. Speaking after the vote, Musk claimed that his company's Optimus humanoid robots could eventually make the automaker worth more than half the S&P 500's current value of $45.5 trillion, according to FactSet.

Reasonable debt
Janet Yellen, U.S. Treasury Secretary, said the ballooning national debt that's currently at $34.7 trillion is manageable. "If the debt is stabilized relative to the size of the economy, we're in a reasonable place," Yellen told CNBC's Andrew Ross Sorkin during a "Squawk Box" live interview. "The way I look at it is that we should be looking at the real interest cost of the debt. That's