AFN
NEWS ON THE HOUR
Thursday, May 3, 2018
1)
From ABC News, I’m Richard Cantu. At least five members of Puerto Rico’s Air National
Guard were killed when their C-130 transport crashed during a training mission
and burned outside Savannah,
Georgia. There were 9 crew aboard, 4 unaccounted for. Master Sgt. Roger Parsons of the Savannah based
156th Airlift Wing, calls it devastating. “As an interim safety board, they
will be securing the scene and they will secure that scene for as long as it takes
to start the process of investigating this to find out what the cause was and
looking all the factors in this.” The doomed transport plane was headed for Arizona.
2)
Further shakeup in the President Trump’s legal team in the Russian
investigation. Ty Cobb announced he is
retiring at the end of May. The President’s to hire veteran Washington attorney
Emmet Flood to replace Cobb. “Ty
Cobb has been a White House clean person to the special counsel’s Russia probe,
working with President Trump’s outside attorneys. His retirement comes as the President’s
legal team is actively negotiating with Robert
Mueller and his team about a possible interview with Mr. Trump. Earlier
today, Cobb spoke to ABC’s Powerhouse Politics podcast and said a presidential
interview with special counsel Robert Mueller has not been rule out.” ABC’s Karen Travers at the White House.
3)
No change in the cost of money. The nation’s central bank leaving unchanged its
benchmark interest rates, 1 and 1/2 to 1 and 3/4%. “The Federal Reserve raised
interest rates in April. So Bankrate
Greg McBride wasn’t surprised to see
it hold in May.” “We don’t see anything from economic standpoint that would
warn them of raising rates in successive meetings.” “But he says all the signs point
toward an increase in June, lower unemployment, strong business investment and
inflation nearing the Fed’s 2% target. Daria
Albinger, ABC News.”
4) The jury in Charlottesville, Virginia convicted White
man Jacob Scott Goodwin in the
beating of Black man during a white nationals rally last August. The jury
recommending a 10-year sentence for Goodwin.
5)
On Wall Street, it was a down day, the Dow closing off 174 points, the NASDAQ
losing 30. You are listening to ABC News.
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From
the Fox Business Network; a new law for vehicles could help a lot of accidents in
the rearview camera beginning Wednesday. All new cars sold in this country must
have backup cameras. Obviously the move is designed to improve safety as more
than 200 people are killed and another 12,000 injured each year by vehicle’s
backing up. // And the company Hotloans
is putting a price tag on __. The firm estimates that it costs around 9500 bucks
a year on an average to raise a child. They say it’s cheapest in Montana __, the
most expensive in Washington, D.C. at nearly $18,000 a year. // Good news for
parents who need more money, though, to raise their kids. The payroll company ADP says business has added 24,000 new
workers last month. The government jobs report comes up Friday. The new survey that’s
on Accountemps found employees are disengaged
more than 1/4 of the time. With the Fox Business Report, I’m Neil Cavuto.
