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Thursday, December 12, 2019

AFN News December 5, 2019



AFN NEWS
Thursday, December 5, 2019 

1) From ABC News, I’m Michelle Franzen. The House Judiciary Committee set a wrap-up testimony in today’s first public hearing. The focus today, the definition of an impeachable offense. According to the constitution, the witnesses - legal scholars. “The question of whether President Trump should be impeached for asking Ukraine to investigate a political rival. Harvard law’s Noah Feldman says it was first considered at the constitutional convention in 1787.” “If the President cannot be impeached (quote) ‘He will spare no efforts or means whatever to get himself reelected,’ but Jonathan Turley at George Washington University testified this case is legally weak. ‘The bribery theory being put forward is as flawed in the 18th century as it is in this century.’ As Democrats pressed ahead, Turley warned first impeachment has failed. Aaron Katersky, ABC News.”

2) The partisan back and forth between Democrats and Republicans on the committee also want to display. ABC’s Terry Moran with details, “I don’t have to have remembered when I was a kid watching the Watergate-era, Judicial Committee debating the impeachment of Richard Nixon. They were sharply divided - Republicans for Nixon, Democrats against, but there was a deep respect for the process. That wasn’t about sand in the gears. That was about doing the duty that the committee has under the Constitution and the rules of the House. It was a very different approach by Republican.”

3) Former President Jimmy Carter is out of the hospital. The Carter Center says the 95-year old is back home today after being treated for a urinary tract infection.

4) Minnesota State Attorney General Keith Ellison announcing the state is filing its suit against big vaping company Juul joining other states cracking down on vaping products. “We’re using the power of the Minnesota attorney general’s office to bring a lawsuit against Juul Labs on behalf of the state and people of Minnesota.” Ellison said Juul lured in young people with the same marketing tactics that the tobacco industry employed in the 1990s. Federal and State investigations continue in the lung illnesses and deaths related to e-cigarette products. You’re listening to ABC News.
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“I’m Maria Bartiromo and this is the Fox Business Report.”
On Wall Street, the major averages snapping a three-session losing streak and closing higher on reports that the U.S. and China are still working toward the phase one trade deal. Among the gainers today, trade sensitive tech stocks and financials. The Dow winners, Apple, 3M and UnitedHealth. The Dow decliners, Boeing, Visa and Cisco. With the Dow rising 147 points, the NASDAQ up 46, S&P 500 up 20. // And shares of Campbell Soup spiking around 2% today after the soup, simple meals and snack company reported that profits rose for its recent quarter but the sales declined with soup sales falling. Now the food maker attributed the drop to the timing of shipments tied to the later-than-normal Thanksgiving holiday. However, Campbell’s U.S. soup businesses gained market share for the first time in ten quarters in the indicator of progress with the business.
That’s your Fox Business Report, I’m Hilarie Barsky, invested in news.