AFN NEWS ON THE HOUR

Thursday, June 21, 2018

 
 

1) From ABC News, I’m Richard Cantu. Under mounting pressure from the public and his own political party, President Trump has signed an executive order. He says we’ll keep together immigrant families caught crossing into the U.S. illegally. “We can have strong, very strong borders, but we’re going to keep the families together. I didn’t like the sight or the feeling of families being separated.” The President now on his way to Duluth for a rally for a Republican congressional candidate says his zero-tolerance immigration policy will continue. Health and Human Services Secretary Alex Azar says his agency will start reuniting detained immigrant children with their parents, but most say how quickly that will happen. Congressional Democrats say the executive order is no way to get immigration law passed. New York Democratic Congressman Jerry Nadler says the White House is playing political poker with children. “He uses what amounts to government-sponsored child abuse as political leverage, a bargaining chip.” Democrats say despite the newly signed order ending family separation, the President is still using DREAMer children to get Democrats to found the border wall. Andy Field, ABC News Capitol Hill.

 

2) Michael Cohen, President Trump’s one-time confidant and personal attorney, has resigned as the deputy finance chairman of the Republican National Committee panel. Cohen’s resignation letter reviewed by ABC News said it is simply impossible for him to dedicate the attention the role deserves because of the ongoing special counsel investigation and the theft investigation by federal prosecutors here in New York. Cohen’s letter also included his first public policy split from President Trump. As the son of a Polish holocaust survivor, Cohen wrote, the images and sounds of this family separation policy heart-wrenching. ABC’s Aaron Katersky.

 

3) Disney is sweetening its offer for 21st Century Fox. The corporate parent of ABC News is now offering more than $71 billion for Fox’s entertainment business in a counter bid to Comcast’s nearly $66 billion offer.

 

4) On Wall Street, the Dow lost 42 points. You’re listening to ABC News.

 

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From the Fox Business Network; many moms and dads across the country are either crying or celebrating. That’s because more their adult children are leaving the nest. According to real estate company CoStar group, around 31% of millennials were still shacking up with their parents last year. That’s down from around 32% in 2016. It’s apparently not enough for them buying a new place when they do move out because the existing home sales falling for the second straight month in May. Supply shortage of homes in the market, high prices and rising mortgage rates, all playing big factors. // A big stay on Wall Street following Tuesday’s selloff, while the Dow fell, the S&P500 rose and the NASDAQ, Russell 2000, closed at all-time high. // A major milestone for Instagram, the social media company, saying it just crossed 1 billion monthly active users. The company also officially unveiling its long-form video platform. With the Fox Business Report, I am David Asman.