AFN
NEWS
Thursday, November 15, 2018
1)
From ABC News, I’m Scott Goldberg. Scorched
ground and burned-out buildings in the Northern California left behind by the deadly
Camp Fire. “It looks like a warzone. It is. It’s the devastation that only
fires of this kind can bring about.” Gov. Jerry
Brown and officials don’t know what sparked that blaze blamed for at least
48 deaths, but Pacific Gas & Electric had an issue with a line right before
it started. Already after being linked to so many wild fires, Pacific Gas &
Electric has been floating the possibility that if found liable, it could go
bankrupt. In the Camp Fire now, PG&E’s
telling the Securities and Exchange Commission that if it’s found liable in
that fire, it would exceed its insurance coverage and it would have a major impact
on the company. PG&E stock immediately took a dip. ABC’s Alex Stone in Malibu.
A total of
51 people died in the wildfire statewide.
2)
Moments ago in Washington, President Trump announced his support for criminal
justice reform bill called the First Step. “It will provide new incentives for
low-risk inmates to learn the skills they need to find employment.” He says it
will also allow federal inmates to be placed in prisons close to their homes.
Sen. Majority Leader Mitch McConnell
expected to push the bill through by the end of the year.
3)
This afternoon, McConnell posed for pictures with incoming Republican senators
including a candidate whose race has not yet been called. “The new senate
Republicans taking their place in the 116th congress took their photo with the Majority
Leader Wednesday.” “Florida Governor Rick
Scott was there too. His state is currently recounting the ballots cast in
the senate race. Rick Scott was running to unseat Democratic senator Bill Nelson. Scott and Florida
Republicans have filed multiple lawsuits to return to the election night result
which had Scott ahead. Senate Democratic Leader Chuck Schemer said Scott is simply afraid that a recount might lead
to Nelson winning the race. Ali Rogin,
ABC News, Capitol Hill.”
5)
British Prime Minister Theresa May
says the cabinet supports the draft agreement on BREXIT. The Parliament will
have to approve. You’re listening to ABC News.
…………………………………………..
From
the Fox Business Network; lots of swings on Wall Street with stocks closing in
the red. Among the laggards today, tech and financials, while industrials and
energy companies gained, oil snapping the record 12-day losing streak. Apple is
the biggest drag on the Dow suffering its fifth day of losses. Among the Dow
gainers today, Verizon and Home
Depot. The Dow closing down for a fourth straight session dove 206 points, the NASDAQ
down 64, S&P 500 down 21. // And Victoria’s
Secret’s CEO Jan Singer is stepping
down from her role of the lingerie company. Victoria’s Secret is a part of L Brands and the bland has struggled
lately with competition and changing tastes in women’s underwear. L Brands is taking
steps to focus, including the announcement that it will close Henri Bendel stores and its E-commerce
sites after the holiday shopping season. With the Fox Business Report, I’m Hilarie Barsky.
