AFN News August 22, 2019

AFN NEWS

Thursday, August 22, 2019　

1) A small jet burst into flames after sliding off a runway in the Northern California town of Oroville. ABC’s Alex Stone has the very latest. “All the remains as a shell of the jet rest burned. All ten people on board the plane escaped. The FAA saying the plane was taking off for Portland, Oregon. When the pilot aborted takeoff, the jet ran off into the end of the runway and caught fire. Last week another Cessna Citation ran off a runway and caught fire in Tennessee. NASCAR legend Dale Earnhardt Jr. was on board that plane. The FAA and the NTSB will investigate.

2) On the road to Kentucky, President Trump signed an order to help some veterans. “President Trump taking executive action ordering the Department of Education to forgive all student loan debts owned by disabled veterans. “That’s hundreds of millions of dollars in student debt held by our severely wounded warriors. It’s gone forever.” The President signing the memo Wednesday afternoon following his speech at the American veterans 75th National Convention. The President said his proposal would eliminate an average of $30,000 for each of the more than 25,000 eligible veterans. Trump was joined by Education Secretary Betsy DeVos. Monica Sorrenti, ABC News, the White House.”

3) Speaking to reporters as he left the White House, President Trump says he considers gun violence, a public health issue and he’s looking for ways to make background checks more strict. President Trump says he also had a good talk with the NRA president yesterday.

4) Dozens of boats and planes continue the search for two fishermen missing off the coast of Florida. “Justin Walker and Brian McCluney haven’t been seen in six days. Monday, a civilian boater who’s helping the search for these two firefighters pulled in offshore a fishing bag from the water near St. Augustine, giving the authorities some direction. As of now, they says this is still 100% a rescue mission. ABC’s Pete Combs.

5) Stocks closed higher on Wall Street, following good quarterly retail results. The Dow added 240 points, the S&P gained 23, the NASDAQ up 71. You’re listening to ABC News.

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From the Fox Business Network; on Wall Street stocks climbing as strong earnings reports from retailers eased some of the fears among investors about slowing economic growth, with the Dow rising 240 points, the Nasdaq up 72, the S&P 500 24. // And shares of Target soaring 20%, setting a new high after it raised its earnings guidance for the year and reported that sales and profits rose in the second quarter. Lowe’s also reporting higher profits that beat analysts’ estimate, pushing its share up 10% today. // And in the extended trading session, shares of Nordstrom higher after the retailer delivered mixed earnings reports with revenue less than expected but hardly beating Wall Street profit estimates. // And a Bowl boom from Dunkin. Forget about all things. Pumpkin is a part of its fall menu. Dunkin is introducing two Burrito Bowls to its lineup, the Fire Roasted Veggie Bowl, a better for your option and a heartier option the Chorizo Bowl. With the Fox Business Report, I’m Hilarie Barsky.

AFN News August 15, 2019

AFN NEWS

Thursday, August 15, 2019　

1) From ABC News, I’m Daria Albinger. We have braking news out of Philadelphia, where five police officers were shot. Sources tell ABC News the suspect is barricaded inside the home. That audio, courtesy of Broadcastify, sources say the officers suffered non-life-threatening injuries during a shootout with a suspect. “Shots still ringing out. Give me SWAT ASAP, long gun ASAP.” About a dozen officers were seen taking cover behind cars. Other officials surrounded a home with guns drawn. The ATF confirming to ABC News that the agency is assisting police.

2) Stock market meltdown. Fears over a possible recession prompted the worst day on Wall Street so far this year. The Dow Jones Industrial Average was in a near freefall and finished down 800 points, losing 3% of its value as investors worry about the President’s trade war with China and a warning sign from the bond market. It’s called the inverted yield curve that involves interest rates on Treasury notes. JJ Kinahan from TD Ameritrade explain, “The two-year is paying higher yield than the ten-year, which is, you know, normally the longer you pay interest on money, the higher you have to pay but this is switched around.” Last time it happened, it signaled a recession was coming. Scott Goldberg, ABC News.”

3) A friend of the Dayton mass shooter appears in court. “Attorney Nick Gounaris is representing Ethan Kollie who’s accused of helping the gunman get an accessory for the rifle used in the Dayton mass shooting as well as body armor. Kollie remains behind bars, but Gounaris is hoping he’ll be released from custody by the judge as soon as tomorrow. ‘You know he has played no part in what the shooter did, which is senseless.’ But U.S. attorney Ben Glassman says prosecutors prefer Kollie remain in custody. Ryan Burrow, ABC News.”

4) Republican congressman Steve King of Iowa defending his call for a ban on all abortions, he asked whether there would be any population in the world left if it weren’t for births due to rape or incest. You’re listening to ABC News.

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From the Fox Business Network; stocks hammered on Wall Street. The Dow driving 800 points, posting the 4th largest point drop on record and the worst of the year. Investors reacted a new recession fear, the NASDAQ and S&P 500 also ending the day in the red. // Now, it wasn’t much better on Wednesday for Macy’s. The department store giant reported the 2nd quarter earnings report fell below expectations. That pushed the stock lower. // Are you looking for a job that pays the bill and offers a chance to be promoted? Well, you might wanna consider becoming a tax manager. That’s because a new Glassdoor study ranked it as the top job for advanced opportunity and wages. // And summer may just be winding down now, but a lot of Americans already skipped out on a popular summer pastime. According to new survey from Bankrate, nearly 70% of Americans say they skipped at least one popular activity including attending a concert or taking a vacation because they cost too much. With the Fox Business Report, I’m Connell McShane.

AFN News August 8, 2019

AFN NEWS

Thursday, August 8, 2019　

1) From ABC News, I’m Daria Albinger. President Trump hit the road to console the soul in chief, visiting Dayton, Ohio and El Paso, Texas as they recover from two separate weekend mass shootings. The visit happened without controversy. “Of course, we are angry now. Of course, we are angry. Yes, I do, yah. Looking at the man talk to us, everybody frowns because of racism.” President Trump was met by some protesters in El Paso, earlier in Dayton. Protesters and supporters of the President came face to face. The President says the people he met in Dayton were the finest anywhere but he also takes the issue with some comments made by Democrats there. “Here’s what U.S. Senator Sherrod Brown, a Democrat, had to say about the President’s visit with victims of the Dayton shooting in the hospital staff. ‘__ __ __ __.’ ‘What did he say?’ ‘So he was comforting and he did the right things. Melania did the right things, and it’s his job in part to comfort people. I am glad he did it in that hospital, those hospital rooms.’ But the President tweeting while he was in El Paso that failed presidential candidate Sherrod Brown and Mayor Whaley totally misrepresenting what took place inside the hospital, saying their news conference was a fraud. Ryan Burrow, ABC News, Dayton.” Despite the political back and forth, the protester in El Paso reminds Americans that it’s about the human loss, not the politics. “There were two shootings, one was a far rightist. Another one in Dayton, Ohio, he’s a far leftist. I’m not gonna blame the politicians on all done for it.” A recent Pew Research poll finds 85% of U.S. adults believe the tone and nature of the political debate has become negative.

2) Puerto Rico Justice Secretary Wanda Vázquez has been sworn in as governor after the island’s high court ruled that Pedro Pierluisi‘s swearing-in last week was unconstitutional.

3) Stocks made up for big drop early in the day on Wall Street, one point, the Dow was down almost 600 points but it ended the day down just 22, S&P gained 2, the NASDAQ ended up 29 points. You’re listening to ABC News.

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From the Fox Business Network; with flash on Wall Street, the Dow finishing down Wednesday but only fractionally after dropping nearly 600 points early on, the S&P 500 and the NASDAQ both managing to finish higher. Trade tensions and worries about interest rates are making investors jittery. // Disney says it will offer a bundle of its three streaming services. It will include three Disney+, Hulu, and ESPN+. The new service will start in November and cost $13 a month. // FedEx is putting the brakes on its relationship with Amazon. The delivery giant says it will end its ground-shipping deal with Amazon when their contract expires at the end of the month. The move comes as Amazon bounced up its own logistics and delivery service. // Subway says it will test the Beyond Meatball Marinara sub in nearly 700 locations here in the U.S. and Canada. The new meatless Subway sandwich will go on sale next month. With the Fox Business Report, I’m Ashely Webster.

AFN News August 1, 2019

AFN NEWS

Thursday, August 1, 2019　

1) From ABC News, I’m Daria Albinger. The Dow suffered its worst day since May 31st, losing 334 points despite the Federal Reserve cutting the key interest rate a quarter of a percent. The loss started after Fed Chairman Jerome Powell repeated a pledge to act as appropriate as possible to sustain economic expansion. “The economy has actually performed just about as expected with that gradually increasing support, and I think I wouldn’t take credit for all of that, but I do think that increasing policy support has kept the economy on track and kept the outlook.” The S&P also dropped 33 points, the NASDAQ slid 98. President Trump reacting to the rate cut. “Fed Chairman saying this rate cut does not necessarily signal more to come. ‘I don’t know whether that will happen,’ which angered President Trump who tweeted Fed Chair Jerome Powell quote ‘Let us down with that statement.’ Mr. Trump saying, ‘We are winning anyway, but I’m certainly not getting much help from the Federal Reserve.’ Andy Field, ABC News, Washington.”

2) Two U.S. officials tell ABC News that Hamza bin Laden, son of al-Qaeda leader Osama bin Laden, is believed to be dead. It’s unclear when and where he died but a U.S. military source tells ABC News the government believes he was killed within the last two years. U.S. intelligence played a role in the operation that killed the younger bin Laden. The sources are declining to elaborate.

3) Police in Canada are scaling back the search in a remote area of Manitoba for the two teens accused of murdering three people. “We have not had any confirmed sightings of the suspects since the burnt vehicle was located, and taking into account all of the work so far, it’s come time to re-assess our deployment of resources to the area.” Jane MacLatchy, the assistant commissioner for the Royal Canadian Mounted Police says they aren’t ending the search, just scaling back.

4) The Senate confirms Kelly Craft as U.S. ambassador to the United Nations, ending a seven-month long vacancy in the post. You’re listening to ABC News.

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From the Fox Business Network; the Central Bank cutting its key interest rates for the first time in a decade by a quarter percentage point to a range of 2 - 2.25%. Fed Chair Jerome Powell, “The outlook for the U.S. economy remains favorable, and this action is designed to support that outlook.” It’s the first rate cut since December of 2008 during the depths of the Great Recession. While the Fed left open the door for the Central Bank to cut rates again, Powell suggested that this cut wasn’t the beginning of a long easing cycle and investors are not liking that news. With the major averages falling sharply, the Dow declining 334 points, the NASDAQ down 98, S&P 500 down 33. // And the family behind Nordstrom looking to strengthen its grip on the department-store chain following a decline in its stock. The Wall Street Journal is reporting that members of the founding Nordstrom family are in the early stages of discussing a proposal to boost their roughly 1/3 stake to over 50%. With the Fox Business Report, I’m Hilarie Barsky.