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Sunday, February 2, 2020

AFN News January 30


AFN NEWS
Thursday, January 30, 2020 

1) From ABC News, I’m Michelle Franzen. An impeachment trial taking a new turn today. Senators asking the questions and the legal team responding. One key question today, President Trump’s motive when he held the phone call with the Ukraine leader asking him to investigate political rival Joe Biden and his son and withholding military aid to Ukraine. The President’s attorneys argued the money was released to Ukraine, and that the President was concerned about corruption. Deputy White House Counsel Patrick Philbin, “Once you get into a mixed motive situation, if there’s both some personal motive but also some legitimate public interest motive, it can’t possibly be an offense.” House managers Zoe Lofgren of California arguing that the intent was there. “Getting caught doesn’t medicate the wrongdoing. The President’s unrepentant and we fear he will do it again.” The other sticking point whether to allow testimony from former National Security adviser John Bolton. ABC’s Rachel Scott, “Pressure is building to call former National Security adviser John Bolton to testify, calls fueled by his unpublished book. The New York Times reports an unpublished manuscript. Bolton says the President told him explicitly the hold up a military aid to Ukraine was directly tied to the investigations of his political rival.” The President’s attorney is now trying to block manuscript of the book and testimony siding as classified.

2) At the U.S.-Mexico border, a new discovery, “Just revealed, the border patrol finding what it says is the longest cross-border tunnel ever discovered, running three quarters of a mile from Tijuana into the U.S. The tunnel is 5.5 feet tall, 2 feet wide. It runs about 70 feed down and has an extensive rail and cart system, forced air ventilation, high voltage electrical cables, a drainage system, and even an elevator to move drugs. Nobody has been arrested connected to the tunnel.” ABC’s Alex Stone.

3) World Health experts now say the coronavirus has killed 132 people in China without an outbreak statement. You’re listening to ABC News.
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I’m Maria Bartiromo and this is the Fox Business Report. The major averages ending off session highs and closing mixed. Markets slipping today following the Fed’s late decision and Chair Jerome Powell’s comments. The Federal Reserve leaving its benchmark interest rate unchanged to a range of 1.5 and 1.75%, reaffirming that it remains in a holding pattern. The Dow winners today; Apple, Boeing and McDonald’s. The Dow decliners; UnitedHealth, 3M and Disney. The Dow rising 12 points, the NASDAQ up 5, S&P 500 down 3. // And Google said it was temporarily shutting down all of its China offices due to the coronavirus outbreak. // And another big mover today. On Wall Street, Victoria’s Secret parent L Brands jumping 13% after the Wall Street Journal reported its chief executive, Leslie Wexner is in discussion to step aside and is exploring strategic alternatives for the lingerie brand, which could result in a full or partial sale of the company. That’s your Fox Business Report, I’m Hilarie Barsky, invested in you.A