AFN
NEWS
Thursday, September 27, 2018
1)
From ABC News, I’m Daria Albinger. President
Tramp is standing by his Supreme Court nominee Brett Kavanaugh who appears before the Senate Judiciary Committee
tomorrow with one of three women accusing him of sexual misconduct. Even before
the public testimony, the President said he doesn’t believe the sex assault
charges against Brett Kavanaugh. “They know it’s a big, fat con job.” Mr. Trump
blaming Democrats for smearing Kavanaugh, “and they go into a room and I guarantee
you they laugh like hell.” But the President says he is open to withdrawing the
nomination if he believes the testimony. “I’m gonna see what happens tomorrow.”
Andy Field, ABC News, Washington.
2)
Some tech giants appeared on Capitol Hill. Leaders from Google, Apple, Twitter,
Amazon, AT&T and Charter Communications testified at the senate hearing
calling for increase and registration that would better regulate consumer
privacy and make customers feel safer. Google’s Keith Enright has concerns about how his company tracks data. “We
acknowledged that we had made mistakes in the past, from which we learned and improved
our privacy program.” Facebook which has come under scrutiny in the aftermath
of the 2016 election was not at the hearing. Kenneth Moton, ABC News, the Capitol.
3)
Chairman Jerome Powell says the
Federal Reserve is boosting interest rates 1/4 of a percent to a range of 2 to
2 and 1/4%. “We expect the job market to remain strong, and the median of
committee participants’ projections for the unemployment rate later this year is
3.7% and a bit lower than that in 2019.” The increase will make borrowing more
expensive.
4)
The father of a missing 6-year old autistic boy from North Carolina says it
wasn’t unusual for his son to run ahead of him. “He usually runs but he’ll slow
down or stop to give me a chance to pick him up.” And Ritch says he panicked when he couldn’t find the son Maddox, who’s been missing since
Saturday.
5)
And estimated 80,000 Americans died of the flu and its complications last year,
the highest death toll in at least four decades. You’re listening to ABC News.
…………………………………………..
From
the Fox Business Report, on Wall Street, the major averages giving up all the
year gains with all the major averages closing in the red after the Federal
Reserve made its third interest rate hike this year, raising its benchmark rate
by a quarter point, indicating another increase is likely before the year’s
end. // Financial and industrial stocks were among the laggards today with the
Dow closing down 107 points, the Nasdaq down 17, S&P 500 down 10. // And shares
of Bed Bath & Beyond tumbling 15%
in the extended session after the home goods retailer reported earnings and
revenue missing Wall Street estimate. // And Amazon is opening a new store that
sells items from its website rated 4 stars or above, the company is saying in a
blog post. The store called Amazon 4-star is said to open this Thursday in New
York SoHo neighborhood. Amazon Prime
members will pay “the Amazon.com price” when they shop there. An Amazon spokesperson
said the store is permanent, not a pop-up location. With the Fox Business Report,
I’m Hilarie Barsky.
