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.