AFN
NEWS
Thursday, October 11, 2018
1)
From ABC News, I’m Daria Albinger. It’s
still a dangerous major hurricane and now comes fear that thousands didn’t
escape the rough of Hurricane Michael.
U.S. Northern Command General Terrence
O’Shaughnessy says Hurricane Michael exploded into a Category-4 hurricane
so quickly many Florida residents may have never left their homes. “And we're not seeing the numbers in the shelters, and we're not seeing the numbers
necessarily going away, so it’s my, my concern right now is there’s many people
in harm’s way.” The National Guard prepared to search house by house for people
trapped by debris. A fear could be far worse than any recent storms. Andy Field, ABC News, Washington.
Michael still Category 3 is moving into Alabama and Georgia with a 125-mile-an-hour
wind, and already residents are getting a feel for the destruction that was
left behind. As ABC’s Pete Combs
reports from Panama City Beach, Florida,
“Some people starting to venture out, starting to take a look at the damage.
That in itself could be dangerous because powerlines are still down and there
are a lot of tree limbs that are just barely hanging onto the trees or stuck in
the wires, and that means it’s very, very dangerous for people to be walking
around here.” Hundreds of thousands are without power, and some homes have been
moved completely off their foundations.
2)
The Dow and the NASDAQ losing more than 3% today, market strategist Matthew Miskin with John Hancock says the reason is the
declining tech stocks. “These technology companies are hugely dependent on
foreign revenues and foreign business and have been performing in the way that’s
really showing lack of response to the slowing global growth.” White House
Spokeswoman Sarah Sanders says in the
statement that the fundamentals of the economy will remain incredibly strong.
3)
New York State Police charged the operator of Prestige Limousine with criminally negligent homicide for the
weekend crash that killed 20 people. Police say the driver shouldn’t have been
behind the wheel and the vehicle shouldn’t have been on the road. You’re
listening to ABC News.
…………………………………………..
From
the Fox Business Network, on Wall Street, the Dow marking its worst day since February
with the decline of more than 800 points as investors are worried about rising
interest rates and corporate earnings slowing down. Among the biggest decliners
today, tech stocks which have been among the biggest winners for the past 12 months.
The Dow closing down 832 points. NASDAQ down 315, S&P 500 down for the
fifth straight session. It’s the longest losing since November of 2016, closing
down 95 points. // And retired Americans who collect Social Security can look
forward in 2019 to the biggest increase in benefits in seven years with the
benefits likely rising about 2.8% next year, based on the formula that
determines annual cost-of-living adjustments in Social Security which would
mark the biggest gain since a 3.6% advance back in 2012. With the Fox Business
Report, I’m Hilarie Barsky.
