AFN NEWS ON THE HOUR

Thursday, August 23, 2018　

1) From ABC News, I’m Daria Albinger. The bull market: it is now the longest in history. That means for more than 3400 days the benchmark, S&P 500 Index of major stocks, has gone without a drop of 20% or more. “Consumers are spending in more buying the product that corporate America makes. When corporate America is making more money because of that and also paying fewer taxes, facing fewer regulations, they make more money. Stock investors turn around and buy those companies.” ABC’s Rebecca Jarvis. The S&P closed down a point today. The Dow Jones 88.

2) __ __ __. Co-owner of Yarrabee Farms, Dane Lang, says the man accused of murdering Mollie Tibbetts, 24-year-old Cristhian Rivera, gave them a different identity when he applied for a job four years ago. “In this case, the individual did provide a state-issued photo-ID and the social security card.” Dane Lang didn’t say what identity Rivera who’s in the country illegally gave.

3) FEMA Administrator Brock Long says they’re ready for what Hurricane Lane now a Category-5 storm is to bring to Hawaii. “Bottom line is a lot of uncertainty in the track forecasts that we’re currently monitoring. However, what is certain is that Hawaii is going to be impacted and see torrential rains over the next several days.” So far, Lane is forecast to pass west of the Big Island tomorrow and come close to Honolulu on Friday.

4) White House Spokeswoman Sarah Sanders says President Trump did nothing wrong one day after former Attorney Michael Cohen said in court that then candidate Trump directed them to make   hush money payments to two women. Sanders says there are no charges against the President.

5) The President awarded the Medal of Honor to Air Force Technical Sergeant John Chapman who died on an Afghan mountain top of fighting two bunkers of Al-Qaeda militants in 2002. “At over 10,000 feet, they fought the enemy at the highest altitude of any battle in the history of the American military.” Chapman was providing a cover for his teammate trying to carry out the rescue mission. You’re listening to ABC News.

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From the Fox Business Network, Stocks entering the longest bull run ever on Wednesday. The current rally started 3,453 days ago on March 9th of 2009. The major indexes have been soaring. That’s welcome to folks investing in their golden years. In fact, nearly 3 in 10 working Americans just telling Bankrate.com that they’re stashing away more money for retirement this year than last year. // But fewer folks are investing in homes. The National Association of Realtors is reporting existing home sales slipping in July for the 4th straight month. The combination of rising prices and the shortage of homes on the market keeping many potential buyers on the third __. // And finally parents can relate to this. More than half of all teens in America say they spend too much time on their cellphones. The study from Pew Research also says that the same number of teens are trying to cut back on their usage. With the Fox Business Report, I’m Connell McShane.

AFN NEWS ON THE HOUR

Thursday, August 16, 2018　

1) From ABC News, I’m Richard Cantu. Citing alleged erratic behavior in unfounded and outrageous allegations, White House Spokeswoman Sarah Sanders announced that President Trump is revoking the security clearance of Obama-era CIA Director John Brennan. “He was pressed in a briefing about how there have been violations of his classified information of after all, as Sarah citing her statement that has to do with the President’s constitutional responsibility to protect the confidential information, but they have no evidence. The only thing they do have is that Brennan has made the statements that have been upsetting to this President.” ABC’s Jordyn Phelps.

2) After closing arguments concluded the jury in Paul Manafort‘s bank and tax-fraud trial is getting instructions from the judge. Prosecutors presented Manafort as a liar and a schemer while his defense blames former business partner Rick Gates for embezzling money. “They didn’t deliver a case at all. They didn’t present the case at all. They’re really relying on that cross examination of Gates last week, and then they’re closing arguments again to bring it all back to Manafort’s former business partner Rick Gates as the man behind all of these crimes.” ABC’s Katherine Faulders.

3) In an effort to crack down on Mexican drug cartels, the Chicago Police and multiple federal law enforcement agencies are joining forces with Mexican authorities to launch a new taskforce. Authorities say they’ll target cartel revenue and high-level leaders.

4) “Authorities in New Haven, Connecticut say at least 40 people have overdosed on what they say may have been synthetic marijuana. “New Haven Fire Chief John Alston says a number of the overdoses occurred in New Haven Green, a park in the city’s downtown, and so far there have been no death. Doctors say the K2 may have been raised with opioid but its toxicology report will need to confirm now.” ABC’s Mark Remillard.

5) An Ohio man missing for a week on Mt. St. Helens in Washington State has been found alive. Rescuers say they found Matthew Matheny on a flank of the volcano. He’s been airlifted to a hospital.

6) Down day on Wall Street with the Dow losing 137 points and the NASDAQ closing off 97.

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From the Fox Business Network, lots of workers feeling like they are stuck in a rut. A new survey from LinkedIn shows more than a third of professionals feel they don’t have a good sense of where their careers going, and that surprisingly. Many say that lack of direction is keeping them from changing jobs. // The job site Glassdoor reviewing that its latest, highest-paying jobs in America with a temping list. The physician tops that list. The median based salary for doctor is near $200,000 a year. // Stocks sinking ahead on Wednesday after Turkey raised tariffs on U.S. imports. The Dow, NASDAQ, S&P500 all closing down but well off the __ of the day as investors dealt with new worries about a potential trade war. // Shoppers are showing any signs of worries this summer, however, retail sales jumping more than expected in July. The government says the consumers were spending out things like clothes, appliances, cars, a lot at the restaurants. With the Fox Business Report, I’m Neil Cavuto.

AFN NEWS ON THE HOUR

Thursday, August 9, 2018

1) From ABC News, I’m Richard Cantu. A man from living on the New Mexico compound with 11 starving children appeared in court to face child abuse charges. “And you are Siraj Wahhaj?” In court Siraj Wahhaj said very little. His appearance was brief. Prosecutors arguing court documents said he should not be released on bail because they claim he was at the New Mexico compound training children to commit school shootings. Prosecutors don’t explain more but they say he will be a threat to the community if released. Alex Stone, ABC News.

2) Police in southern California have arrested 51-year-old Forrest Gordon Clark on arson charges, alleging he set a blaze two days ago that’s burned 4,000 acres and 12 cabins in the Cleveland National Forest. Orange County Supervisor Todd Spitzer; “This is a monster. Who would go out with low humidity and high wind and the highest temperatures this time of the year and intentionally set the forest on fire?” Clark being held on $1 million bail, facing life in prison if convicted.

3) Speaking outside the federal courthouse in Houston, Daniel Candelaria with United We Dream called the Trump Administration racist. Inside a judge took argument in a lawsuit seeking to end the program that protects young immigrants from deportation. “We have been living here for years. Our families have been living here for years. Our communities have made a home here. This is our home. We are here to stay.”

4) In the first New York Council passed ordinances tackling the growth of ridesharing services. The marquee measure places a one-year stop on issuing new licenses for drivers, as the city says it wants to examine the industry and consider more regulations. This is as the number of for-hire drivers in New York has skyrocketed, while the number of cab drivers has plummeted. The Council says the cap is an effort to ease traffic congestion while Uber and Lyft say it does nothing to make commute easier and instead might mean higher prices and longer wait time in the areas poorly served by yellow cabs. Mark Remillard. 

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From the Fox Business Network, the new report from Project Time Off shows the average American used more than 17 vacation days last year. That’s the most since 2010. // CVS (Consumer Value Store) bringing back house calls with a modern twist, the drugstore chain and a nursing plan, to take its telemedicine program nationwide. It allows customers to use smartphones to see a medical professional and get diagnosis for common illnesses like a cold and the flu. The virtual visit will cost $59. // Fewer Americans are renting a piece of the American dream. Real Estate Company Zillow says 35.7% of all occupied homes were rented in the month of June. That’s down more than a half percent from 2016. // Here’s something for mom and dad to think about as kids head back to college. More than a third of millennials surveyed by the company OppLoans say they lied about how they spent their parents’ money while in school. Fifteen percent say they primarily spent the cash on partying.  With the Fox Business Report, I’m Maria Bartiromo.　

AFN NEWS ON THE HOUR

Thursday, August 2, 2018

1) From ABC News, I’m Richard Cantu. President, President Trump started a day, tweeting that Attorney General Jeff Sessions should stop the special counsel probe into election meddling. Sources close to the White House told ABC News the special counsel wants to ask President Trump about the obstruction. --- --- --- touched off the President's series of early morning tweet attacking the investigation. Negotiations over a potential presidential interview with the special counsel that’s gone on for a month. That was within the last day, the sources said, the President learned the special counsel would limit the scope of questions, so they would include obstructions. ABC’s Aaron Katersky.

2) Two U.S. officials tell ABC News that in the next 48 hours Iran will hold a large scale naval exercise around the strategically important Strait of Hormuz. Navy Captain Bill Urban says they are aware of increased Iranian naval activity and are monitoring.

3) President Trump is ordering new sanctions against Turkey over its detaining of a U.S. minister. Turkey now demanding the U.S. end its announced punishment against Turkish officials. White House spokeswoman Sarah Sanders; “The Department of Treasury is sanctioning Turkey’s Minister of Justice and Minister of Interior, both of whom played leading roles in the arrest and detention of Pastor Brunson.” Turkey arrested American Andrew Brunson in connection with a failed coup and says everyone must obey Turkish law. Andy Field, ABC News, Washington.

4) Running ahead of schedule, prosecutors in Paul Manafort‘s bank and tax fraud trial say they expect to rest their case against former Trump campaign chair next week.

5) Houston police naming a suspect in last month killing of physician Mark Hausknecht, former cardiologist to the first President Bush. Police Chief Art Acevedo says they are looking for 65-year-old Joseph James Pappas. He is one of former ….  Acevedo says Pappas wanted revenge for the death more than 20 years ago of his mother in Hausknecht care.

6) On Wall Street, it was a mixed day for stocks. The Dow losing 81 points, the NASDAQ closing ahead 35. You’re listening to ABC News.

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From the Fox Business Network, go Wall Street, the major averages closing mixed. The trade tensions returned, which weighed on industrial companies. However, surging Apple stocks gave the company closer to being worth a trillion dollars in market capitalization. The Dow closing down 81 points, NASDAQ up 36, S&P 500 down 3. And Tesla reporting mixed quarterly result after the closing bell. The loss is wider than analysts expected, a slightly beating revenue expectations. The company continues to back its forecast that will be profitable in the third and fourth quarters. Tesla also saying it’s completed its major cost restructuring plan in the second quarter, which is a big step in this plan to become more profitable. And after the closing bell, T-Mobile reporting the best second quarterly result in the company’s history, beating Wall Street expectations with the revenue up 4% year over year.  With the Fox Business Report, I’m --- ---.