AFN
NEWS
Thursday, March 19, 2020
1)
From ABC News, I’m Chuck Sivertsen. Fighting
COVID-19. “We must make shared sacrifices, and that’s what we’re doing as a country.”
President Trump says he’ll employ the Defense Production Act to overcome
shortage of face masks, ventilators and other supplies. The President is also
announcing that the U.S. and Canada agreed to close the border to all but essential
travels. That is helpful for Americans as near. “A multi-million-dollar relief
package to combat COVID-19 now heads to the President’s desk to sign into law
after passing in the Senate. The bill includes paid sick leave, paid family leave,
free coronavirus testing and expansion of food security programs like SNAP benefits. Democratic Senator Ed Markey says of the measure, “We need
to activate our capable, intelligent domestic industry and bring the whole
weight of the federal government behind this effort, __ __, ABC News, Washington.”
*SNAP =
Supplemental Nutrition Assistance Program
2)
Republican senators said they expect the outlines of the third economic
stimulus bill as early as tonight. Kroger
says it’s hiring 10,000 additional workers across their supermarkets,
manufacturing plants, distribution centers. Another steep Wall Street selloff,
the Dow erasing almost all gains since President Trump’s 2017 inauguration,
losing over 6%. Susan Schmidt, head
of U.S. Equities at Aviva Investors,
“It is very hard to know how the market will recover from that whether it will be a quick bounce back, short and shallow recession or it will be
something more prolonged.” S&P 500’s slide was so sharp trading was
halted for 15 minutes. It lost 5%.
3)
They’re trying to get the Salt City Airport fully functional again that’s
struck down after 5.7 magnitude earthquake. ABC’s Alex Stone. “The FAA is now bringing in a mobile control tower.
It’s set up at the Salt City Airport in case controllers can’t get back into
the main tower which still has to be cleared by structural engineers. Right now
they’re working in limited ways using a secondary ramp tower, but commercial
flights are landing and taking off again from Salt Lake City. The first to take
off was a flight to Dallas-Fort Worth.
You’re listening to ABC News.
…………………………………………..
I’m
Charles Payne and this is the Fox Business Report.
Stocks
ending sharply lower with the Dow finishing below the 20,000 level for the
first time since February of 2017. This as investors continue to dump stocks
and other assets on worries over the economic impact of the coronavirus
pandemic. And the New York Stock Exchange announcing it will be temporarily
moving to fully electronic trading. The Dow falling 1,338 points, the NASDAQ
down 345, S&P 500 down 131. // And the shares of FedEx surging to buck today sharp sell-off as quarterly revenue
beating Wall Street estimates and a rebound in its China business, helping
soothe Wall Street concerns over coronavirus related uncertainties. // And the
world’s biggest furniture brand IKEA
is closing all of its 50 stores in the U.S. and the Manhattan planning studio
due to the coronavirus. That’s your Fox Business Report. I’m Hilarie
Barsky,
invested in you.
