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 --- ---.