AFN
NEWS
Thursday, May 14, 2020
1)
From ABC News, I’m Chuck Sivertsen.
States are moving ahead with varying degrees of reopening. COVID-19
hospitalizations are declining in Louisiana. Governor John Bel Edwards says Phase One of reopening gets underway Friday.
Bars conserve customers if they have a permit from the Health Department but
they won’t be functioning as bars. “There are just some settings that are
inherently more risky than others about transmission of the bars. Again bars are
one of those and I get it unfortunate.” Also taking the next steps, it’s been
almost two months that New Jersey has been effectively locked down. Now Governor
Phil Murphy is ready to allow construction and reopen retail. “We can
get small businesses back up and running in a manner that continues to protect both
workers and shoppers.” That means curbside pickup only. “To be clear, no
customers will be allowed back into nonessential retail stores at this time.” The
change takes effect Monday morning. Aaron Katersky, ABC News, New York.
2)
In hard-hit Massachusetts, next Monday is the expiration day for Governor Charlie Baker’s stay-at-home orders, no
words of extension. “This isn’t gonna be a situation or a circumstance where on
May 18 every business in Massachusetts that is currently closed is gonna be
permitted to open. It’s not gonna work like that and it shouldn’t work like
that.”
3)
Working on a new stimulus bill totaling $2 trillion including direct payments
to states and local governments, House Speaker Nancy Pelosi. Reaction to that from Senator Kevin Cramer, North Dakota, Republican. “The trillion dollars that
the Speaker is presenting, uh, it’s unserious in my view because it represents
basically how much all of the states collectively collect in the revenue year.”
4)
A closely watched Southern California congressional race appears to be over.
Democrat Christy Smith conceding to
the 25th District contest to Trump-backed Republican Mike Garcia. Democrat Katie Hill
resigned from the seat after admitting to an affair. You’re listening to ABC
News.
…………………………………………..
I’m
Liz Claman and this is the Fox Business Report.
Stocks
tumbling and closing in the red after Fed Chair Jerome Powell warns of a prolonged recession from the coronavirus
pandemic. The Dow falling 517 points, the NASDAQ down 139 and its now in
negative territory for the year, S&P 500 down 50. // And after the closing
bell, Cisco Systems shares rising
after the maker of network services, video conferencing tools and security
software, reported better-than-expected earnings although revenue dropped 8%
from last year’s quarter. // And GE certainly not bringing good things to life
on Wall Street. Shares of the industrial conglomerate tumbling over 3.5% amid growing
concerns over the troubled aerospace industry. GE started kicking the lowest
level in more than 11 years in today trading. // And Rite Aid announcing a new partnership with Instacart which will allow customers to order and receive essential
healthcare and grocery items delivered directly to their homes. That’s your Fox
Business Report. I’m Hilarie Barsky, invested in you.
