AFN
NEWS
Thursday, April 30, 2020
1)
From ABC News, I’m Daria Albinger. The
U.S. death toll from COVID-19 has now passed 60,000. That’s according to the ongoing
tally by Johns Hopkins University.
During the White House roundtable today with industry executives, President
Trump was asked how long it might be until vaccine is readily available. “A lot
of progress is being made on the vaccine, but you never know, right? You never
know. You know with SARS they did not come up with a vaccine, and sometimes
they don’t, and sometimes they do. I will say this. I don’t think there was the
same effort.” Mr. Trump says the federal government will not extend its social
distancing guidelines once they expire tomorrow.
2)
While the world waits for a vaccine, medical experts say a drug shows promise
in treating COVID-19. Dr. Anthony Fauci
on Wednesday touted the result of the trial, examining an experimental drug
treatment for the coronavirus. A randomized, international trial of the drug Remdesivir has resulted in what Fauci called
“quite good news,” shortening the period patients experienced symptoms, and potentially
slightly reducing the mortality rate. “What it has proven is that a drug can
block this virus.” Karen Travers,
ABC News, Washington.
3)
The news sent stock soaring, the Dow closing up more than 500 points. The Fed
is holding on interest rates for now. “Federal Reserve’s response is guided by our
mandate to promote maximum employment and stable prices for the American
people, along with our responsibilities to promote the stability of the
financial system. We’re also committed to using our full range of tools to
support the economy in this challenging time.” Chair Jerome Powell.
4)
It’s been sad that you can’t make everyone happy all of the time, and that is
__ New York Governor Andrew Cuomo.
“We have people last week protesting ‘cause they want to go back to work. This
week we have people protesting ‘cause they don’t wanna go back to work. Yeah, welcome
to America.” Cuomo says his sole focus is on continuing to flatten the curve.
5)
Major League baseball is cancelling this July Hall of Fame induction. This year’s
class will be inducted next year. You’re listening to ABC News.
…………………………………………..
I’m
Liz Claman and this is the Fox
Business Report.
Stocks
finishing higher following an encouraging report on a possible treatment for
COVID-19 from Gilead Sciences, with
the Dow rising 532 points, the NASDAQ up 307, S&P 500 up 76. The Federal
Reserve announcing it’ll be holding interest rates unchanged in the range of nearly
zero to a quarter of a percent and said that U.S. economy has worsened due to
the pandemic and vowed to take aggressive action to support an eventual recovery.
After the closing bell, Microsoft delivering earnings and revenue beating Wall
Street expectations with the shares spiking in after-hours trading. The company
reporting its third-quarter fiscal earnings said the coronavirus had minimal net
impact on Microsoft revenue which reached around $35 billion. However, some of Microsoft
core offerings including Azure cloud-computing
business and Teams collaboration
software are expected to fare well as Americans are working from home and their
companies need computing power to support them. That’s your Fox Business Report.
I’m Hilarie Barsky, invested in you.
