AFN
NEWS
Thursday, March 26, 2020
1)
From ABC News, I’m Daria Albinger. Just
about everyone knows someone whose job has been affected by COVID-19 and we’re
getting a better idea of how many Americans that may be. ABC’s Alex Stone with the jobless numbers in California,
one of the hardest-hit states. “Governor Gavin Newsom announcing a grim milestone here in
California when it comes to unemployment claims in just a past week and a half
‘Just since March 13th, 1 million Californians have now claimed they need to
get unemployment insurance.’ The governor announcing a deal with many of the
country’s biggest banks to give Californians who are impacted 90-day relief
from paying their mortgages. Alex Stone, ABC News, Los Angeles.”
2)
Senate leaders trying to work out last minute’s problems in the $2 trillion
economic stimulus package. ABC’s Andy
Field in Washing says when they do, up to $1200 checks could start arriving
soon. “If your last year tax refund was direct deposit, you will get that $1200
government check quickly, but if you receive the paper check refund, $1200
stimulus could take 4 to 5 weeks. If you haven’t filed this year’s taxes yet,
what you receive will be based on last year’s return.” Senator Bernie Sanders is threatening to hold the
package hostage, however, over parts that would give money to corporations
affected by the outbreak.
3)
Stocks soared their first back-to-back gains since a bruising sell-off that
began more than a month ago. The Dow closing up nearly 500 points. However,
many economists still believe that markets have not yet bottomed out.
4)
Terry Chasely suddenly developed COVID-19 symptoms last week though. The suburban
Chicago woman was hospitalized and is now in quarantine. “I’m getting better
and, but for a while I couldn’t, my parents wanted to talk to me when I was in hospital
and I couldn’t carry on conversations.” She says everyone must take the virus
seriously even if they’re young and they don’t show symptoms. You are listening
to ABC News.
…………………………………………..
I’m
Charles Payne and this is the Fox Business Report.
The
major averages ending mixed after lawmakers and the White House reached an agreement
on the $2 trillion stimulus package. However, stocks paring from bigger gains
into the close after Sen. Bernie Sanders threatened to hold up a vote on the
coronavirus relief bill. The Dow closing up 496 points for its first
back-to-back gains since early February. The Nasdaq down 34, S&P 500 down 28.
// And new unemployment benefit claims are rising to levels not seen in the
recent U.S. history. States have reported receiving tens of thousands of new
claims to unemployment insurance last week. Official figures will be released
tomorrow and some economists project that new claims could reach as much as 4
million nationwide. // And shares of Facebook falling 3%. The social media
giant says the usage of its platform has surged but added that it’s also seeing
a weakening of its ad sales business. That’s your Fox Business Report. I’m Hilarie
Barsky,
invested in you.
