AFN News November 11

 

ABC NEWS   NOVEMBER 11, 2021

 

1)        From ABC news, I am Michelle Franzen.  President Biden will sign the bipartisan infrastructure bill Monday in Washington in the ceremony with both Democrats and Republicans.  Today the president toured the Baltimore Port, highlight in how funding, he says, for projects will ease supply chain issues and those inflationary concerns; “Many people remain unsettled about the economy, and we all know why.  They see higher prices.  They go to the store or online if they can’t.  They go to the store, go online, they can’t find what they always want.  And when they want it, and we are tracking these issues, and trying to figure out how to tackle them head on.”

 

2)        In Wisconsin, Kyle Rittenhouse was the star witness for the defense today, testifying that he acted in self-defense when his shooting killed 2 demonstrators last summer and injured a third.  At one point, he broke down crying while describing the moments leading to the shooting of Joseph Rosenbaum.  In cross-examination, prosecutor Thomas Binger questioned why Rittenhouse felt threatened.  “Neither the first or the second time, did he run at you or charge at you or anything like that, did he?”  “He didn’t chase then.”  “He didn’t even do anything physically aggressive to you, did he?”  “No.”  “He just said some words.”  “Yes.”  The judge also admonished the prosecution for its line of questioning at one point of Rittenhouse.  The defense said it will file motion for mistrial.

 

3)      The de-trialed deposition of New York’s former governor over sexual misconduct.  The allegations now public.  “The state trooper on then-governor Cuomo security detail said she felt completely violated.  Cuomo was leaving a 2019 grand breaking ceremony for a new Islanders arena, and as the trooper held the door, she said she felt the palm of his hand in the center of her stomach.  She told investigators a little bit north or a little bit south, it’s not good.  Cuomo told investigators he didn’t remember doing that, but if he did, it was incidental.  In his sworn testimony, Cuomo was defiant and convinced to his being questioned for a biased political investigation.  You’re listening to ABC News.

 

 

4-1)  I am Maria Bartiromo, and this is the Fox Business report.

      “Stocks tumbled after the latest reading on inflation showed consumer prices accelerated by the most in 3-decades, rising 6.2% annually in October.  Energy and tech stocks were among the biggest laggers.  The Dow winners today; Amgen, Visa and American Express.  The Dow decliners; Salesforce, Microsoft and United Health.  The Dow falling 240 points, the Nasdaq down 264, S&P 500 down 39.

 

 4-2)  And Rivian Automotive went public with a bang today in the largest initial public offering of the year.  Rivian priced its initial public offering at $78, well above its expected range, and its shares surged around 30%.

 

 4-3)  And MasterCard shares rose close to 4% after the payments titan delivered new growth targets for the next few years, added Wednesday investor day event, showing faster earnings and revenue growth.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News November 4

 

ABC NEWS   NOVEMBER 4, 2021 

1)        From ABC news, I am Daria Albinger.  President Biden says the country is taking a giant step out of the coronavirus pandemic, now that kids ages 5-11 can get the vaccine; “Twenty-eight million more young Americans are now eligible for the protection of a vaccine.  And my administration is ready, we are ready from day one, today, (we’re) organized and have a plan for this vaccination’s launch.” 

2)        Mr. Biden then pushed back against the notion that the off-year election results were statement about his presidency.  “People are upset and uncertain about a lot of things, from COVID, to school, to jobs, to whole range of things and the cost of a gallon of gasoline.”  Mr. Biden suggested his inability to get Congress to pass his infrastructure and Build Back Better bills ahead of the election, really didn’t make a difference.  Speaker Nancy Pelosi says the House will vote on both bills this week.

3)        Once again Senate Republicans blocked debate on a voting rights bill, and that’s prompting new talk of whether it’s time to end the filibuster.  “Actually, Republicans blocked the voting right act’s debate; ‘This is about our democracy’, Vice President Kamala Harris outlined the states; ‘whether or not we are going to make it more difficult as is happening in many states, or protect and make it easier for people to vote.’  Only one Republican, Alaska Senator Lisa Murkowski voted with Democrats to end the voting rights filibuster.  Democrats need 9 more Republicans.  Andy Field, ABC News, Washington.”

4)        The European Union senior diplomat says nuclear talks with Iran will resume on November 29th.

5)        The Federal Reserve says inflation appears to be a longer-term issue than it originally thought it would be.  So, it’s going to begin dialing back the extraordinary stimulus that it’s provided since the coronavirus pandemic began. 

6)  Stocks climbed all-time highs; the Dow and S&P 500 at new records.  You’re listening to ABC News.

7-1)  I am Liz Claman, and this is the Fox Business report.

      “Stocks rose to new records after the Fed made its long-awaited announcement to slow the monthly bond purchases that they will put in place to prop up the economy during the pandemic.  The Dow rising105 points, the Nasdaq up 162, S&P 500 up 30.

7-2)  Allbirds got a running start in its first day of trading as a public company.  The maker of sustainable shoe sold shares surged 91% from its initial public offering price of $15. 

7-3)  And Dick’s Sporting Goods shares jumped 6% after the athletic retailer announced a partnership with Nike.  Dick’s scorecard members can now link their rewards account to their Nike membership account by the Dick’s mobile app.  Customers will then have access to member-exclusive merchandise launches and instore events.

7-4)  And Starbucks has unveiled its holiday food and drink lineup along with its festive cups which will be available in the US and Canada on Wednesday.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 28

 

ABC NEWS   OCTOBER 28, 2021 

1)        From ABC news, I am Daria Albinger.  Democrats are still debating what stays and what will be cut from bill Back Better.  A source close to the top says paid family and medical leave are likely out.  West Virginia Senator Joe Manchin says that’s a good call; “To expand social programs when you have trust funds that aren’t solvent, they are going insolvent.  I can’t explain that, and it doesn’t make sense to me.  I want to work with everyone as long as we can start paying for things.”  White House press secretary Jen Psaki in what President Biden wants; “His preference would be for it to be 12 weeks and expansive as was in the original proposal.  Obviously, there is not enough votes for that in Congress.  That’s a reality of legislating.  So right now, we are fighting to keep it included, but I don’t have a specific update on what it looks like in this moment.”  The bill also funds sufferers to fight climate change and the president had hoped to have an agreement in place before he leaves tomorrow for a global climate change summit.

2)        A day after Illinois, to bell it up, on the east coast.  Thousands are without power in Massachusetts.  Governor Charlie Baker; “So should we remember the storm isn’t finished, includes our working to make roadways and other infrastructure safe.”  Baker says it could take days to restore power to everyone.

3)        There was some complacency.  That from investigators who are looking into last week’s deadly shooting on a movie set in New Mexico.  “Come      for the first time that it was a live bullet fired from the gun in Alec Baldwin’s hand, that killed cinematographer Halyna Hutchins and injured director Joel Souza on a set of the movie ‘Rust’ in New Mexico.  ‘The actual lead projectile that was fired has been recovered from the shoulder of Mr. Souza.’  Santa Fe County sheriff Adan Mendoza at the news conference Wednesday revealing they recovered additional live rounds from the set, but couldn’t or wouldn’t say yet how they got there.  He says the investigation continues and the district attorney for the area said a possibility of criminal charges remains.  Jason Nathanson, ABC News, Hollywood.”

4)        The FDA’s finalized new warnings about breast implants.  They required doctors to provide detailed information to patients about the risks and complications.  You’re listening to ABC News.

 

5-1)  I am Connell McShane.  This is the Fox Business report.

      “Stocks retreating from recent highs and closing mixed as investors absorbed a huge butch of earnings from tech-heavy weights.  Microsoft shares jumped 4% after the software giant reported earnings that exceeded analysts’ estimates and the fastest revenue growth since 2018, while Google parent Alphabet gained 5%, following a stronger than expected quarterly report.  The Dow falling 266 points, the Nasdaq closing flat, S&P 500 down 23.

 5-2)  And businesses looking up at the Golden Arches.  McDonald’s said their higher menu prices along with bigger order sizes increased its revenue in the US, while loosening pandemic restrictions overseas helped boost its international business.  McDonald’s stock gained 3%.

 5-3)  And Thermo Fisher stock rose 1% after the scientific instrument maker posted higher than expected quarterly earnings and revenue and raised its four year guidance.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 21

 

ABC NEWS   OCTOBER 21, 2021

 

1)        From ABC news, I am Daria Albinger.  It could be a break in the case of a missing Florida man Brian Laundrie.  Authorities have wanted to talk to him since his fiancé Gabby Petito disappeared.  Her body later found in a national park in Wyoming.  “Investigators confirmed now not only are the remains human that were found in the park adjacent to wildlife reserve, that police and agents had been searching for weeks, but items found near the human remains belong to Brian Laundrie.  FBI special agent in charge, Michael McPherson; ‘Investigators found what appears to be human remains along with personal items, such as a backpack and notebook, belonging to Brian Laundrie.’  The area where the remains were found was until recently covered in swamp water.  Agents were reportedly led there by Brian Laundrie’s parents.  Alex Stone, ABC News.”

 

2)        The FDA is recommending booster doses of Moderna and Johnson & Johnson’s COVID-19 vaccines.  The agency is also suggesting that the boosters could be mixed or matched.  The CDC will have the final say. 

 

3)        The Senate’s failed to get the 60 votes needed to begin debate on the voting rights act.  Senate Majority Leader Chuck Schumer blasted the Republicans for blocking it; “By preventing the Senate from functioning as it was intended, Republicans in this body are permitting states to criminalize giving food and water to voters at the polls.”  Republicans say voting is a state’s issue.

 

4)        President Biden pushing a scaled-back 2 trillion-dollar domestic spending package in a visit to his hometown of Scranton, Pennsylvania; “In the Build Back Better plan, I got more money for passenger rail than the entire Amtrak system cost to begin with.  We’re going to change the nation in a big way.”  The White House is giving lawmakers until the end of next week to reach a deal.

 

5)        The NTSB says an investigation into yesterday’s plane crash near Houston could take over a year.  The black box and the flight data recorder were damaged when the chartered jet burst into flames.

 

6)        Stocks closed higher today.  You’re listening to ABC News.

 

 

7-1)  I am Susan Li, and this is the Fox Business report.

      “Stocks ended higher with the Nasdaq and S&P 500 closing in the green for the fifth straight session as strong corporate earnings reports eased investors’ concerns over broader economic slowdown.  Healthcare companies were among the gainers with Johnson & Johnson leading the charge after the pharmaceutical giant posted a larger profit in its third quarter than a year earlier.  The Dow rising 199 points, the Nasdaq up 107, S&P 500 up 33.

 

7-2)  And more people were watching Netflix in the summer quarter.  The streaming giant reported earnings beating Wall Street estimates in its revenue in line with forecast.  Netflix added around 4.4 million global paid subscribers, beating estimates as the company began to roll out a slew of content like a popular ‘Squid Game’.  Netflix said it expects to add 8.5 million subscribers in the fourth quarter.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 14

ABC NEWS   OCTOBER 14, 2021

1)        From ABC news, I am Daria Albinger.  With the holiday shopping and shipping season just around the corner, President Biden is announcing some big changes to e-supply chain problems, and to get goods where they need to go.  “Not only will the port of Los Angeles now work around the clock unloading shipments; ‘Our nation’s largest retailer is committing to go all in on moving its product 24/7 from the ports to the stores nationwide.’  President Biden announcing that Walmart, Target and shippers UPS and FedEx will work extra shifts and add workers to break the supply chain bottle-necks, hurting companies and raising prices.  Andy Field, ABC News, Washington.”

2)        A decision is expected from the FDA in a matter of weeks on whether it will grant emergency use authorization for Pfizer’s COVID-19 vaccine for use in 5-11-year-olds.  Surgeon General Vivek Murthy today is White House covid response team briefing; “We could hear decisions from both agencies, FDA and CDC by early November, and we will be ready to implement their recommendations as soon as we hear them.”  Pfizer is offering a lower dose of its two-shot vaccine for kids.

3)        Regulators are also hoping that more Americans will shake the salt habit.  The FDA is suggesting a voluntary reduction in sodium intake in foods that we prepare in those made by food service businesses.  White House spokesman Jen Psaki; “On average, Americans consume 50% more sodium than recommended, which is liked to high blood pressure and increased risk of heart disease and stroke, and we believe that today’s action will lead to 12% reduction in average sodium intake over the next 2 and a half years.”  The average sodium intake is about 3400 mg a day; the new guideline for those 14 and older to keep it to 2300 mg or less.

5)        Going where few men or women for that matter have gone before, actor William Shatner best known for playing Captain James T Kirk of Star Trek, took a ride to the Age of Space on a Blue Origin rocket.  You’re listening to ABC News.

6-1)  I am Charles Payne, and this is the Fox Business report.

      “Stocks finished mixed with the Nasdaq and S&P 500 snapping a 3-session losing streak as investors digested earnings results and inflation data.  The consumer price index was 5.4% in the year ending in September, a slightly faster pace in expected as labor shortages and supply chain snarls kept prices high.  The Dow falling less than a percent, the Nasdaq up 106 points, S&P 500 up 13.

6-2)  And shares of JP Morgan Chase tumbled nearly 3% despite reporting earnings and revenue that exceeded Wall Street estimates.  The Wall Street bank benefited from the release of over $2 billion of loan-loss reserves that will build up to ride out after pandemic.  

6-3)  And shares of Apple ended slightly lower following reports that the tech giant will cut iPhone 13 production to up to 10 million units amid a shortage of components from chip suppliers, Broadcom and Texas instruments.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”