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Saturday, June 13, 2020

AFN News June 11



AFN NEWS
Thursday, June 11, 2020 

1) From ABC News, I’m Daria Albinger. A challenge to Congress from George Floyd’s brother: he asked the House Judiciary Committee to end what he and so many other African Americans have been feeling for years. “I’m tired of pain, pain you feel when you watch something like this. When you watch your big brother, who you’ve looked up to your whole life, die, die, begging for his mom.” Philonise Floyd, one of the first to testify at a House hearing on proposed changes to police practices and accountability. Civil rights lawyer Benjamin Crump who also represents the Floyd family telling the committee he believes police officers have unchecked authority. “If there is no accountability, Congresswoman Bass, it will keep happening and we pray that George Floyd is the last one, but if this great body doesn’t act, it’s gonna happen again and I predict it’s gonna happen in the next 30 days.” House Democrats have proposed sweeping police reform bills. The Republicans say they are working on their own measure. George Floyd died 16 days ago but the protest across the nation stemming from his death continue from New York City, Boston, to outside the White House.

2) As more places lift COVID-19 restrictions, House officials warn the White House the pandemic is still very much reality. “The U.S. is closing in on 2 million confirmed diagnosed cases of COVID-19. At least 111,000 Americans have died, but the outbreak in Government’s response is no longer front and center at the White House. Vice President Pence on Tuesday led a meeting of the coronavirus task force, but it’s been more than a month since the task force held a press briefing. They were daily occurrences during the early period of the outbreak. Dr. Anthony Fauci Wednesday on ABC’s “Good Morning, America” said even as the nation reopens, Americans should still wear masks, wash their hands often and practice social distancing. Karen Travers, ABC News, Washington.

3) The Federal Reserve today said it is going to leave interest rates unchanged for now. You’re listening to ABC News.
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I’m Liz Claman and this is the Fox Business Report.
Stocks finishing mixed even after the Federal Reserve pledged to hold interest rates at near zero for some time, and using the necessary tools to support the economy. The NASDAQ notching its third straight record close, and finishing above the 10,000 mark for the first time ever, with the Dow falling 282 points, the NASDAQ up 67, S&P 500 down 17. // And Tesla stocks hitting a new record high, jumping above $1,000 a share after CEO Elon Musk told staffers that it was time to bring the Tesla Semi commercial truck to volume production. The stock also receiving a boost from a bullish call by Wedbush and said that Tesla could have more room to run. // And Boeing is aiming to conduct a key certification test flight on its grounded 737 MAX jet in late June, according to Reuters. The plane has been grounded since March of 2019 after two fatal crashes. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.