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Thursday, June 11, 2020

AFN News June 4


AFN NEWS
Thursday, June 4, 2020
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1) From ABC News, I’m Daria Albinger. It’s been nine days since George Floyd died while in the custody of Minneapolis police officers. Today all four of the-now-former officers face criminal charges and an officer who had already been charged facing an even more serious offence. “Former Minneapolis police officer Derek Chauvin facing a new charge of second-degree murder for the death of George Floyd. ‘For second-degree felony murder, you have to intend the felony and then death be the result without necessarily having it be the intent.’ Minnesota Attorney General Keith Ellison is also announcing the three other officers are charged with aiding and abetting murder in the second-degree. ‘I strongly believe that these developments are in the interest of justice for Mr. Floyd, his family, our community and our state.’ I would admit winning a conviction is going to be hard. Ryan Burrow, ABC News, Minneapolis.”

2) The reaction to the charge is coming from near and far. These protesters are in Manhattan. “Black lives matter, too, and it’s been too long, but we’ve been murdered in the street. We’re dead tired. We can’t keep doing this.” The cities across the nation are preparing for another night of protest. New York City Mayor De Blasio says an earlier curfew, which will take effect again tonight at 8:00 p.m., resulted in less looting last night.

3) President Trump doesn’t have a plan as of yet to reform policing in the U.S. Press Secretary Kayleigh McEnany, “There’s been discussion of various proposals that we can look at, but no announcements on that front just yet.” The former President, Obama, says reforms that were proposed after the death of Michael Brown can build trust and save lives. The former president urging mayors across the country to review the use of force policies in their community.

4) Stocks rallied on the sign that it may not take as long for the economy to climb out of the COVID-19 impacted recession. The Dow soared more than 500 points. You’re listening to ABC News.
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I’m Liz Claman and this is the Fox Business Report.
Stocks finishing sharply higher as investors are hopeful that economic activity will improve as coronavirus lockdowns ease. Also boosting market today, payroll processor ADP reported that the private sector lost nearly 2.8 million workers versus 9 million job losses that analysts were expecting. Among the gainers, energy, financials and industrials, and Boeing is the biggest winner in the Dow surging 13%. The Dow soaring past 26,000 marking, closing up 527 points. The NASDAQ up 75, S&P 500 up 42. // And beauty brand Coty stocks spiking, closing up around 13% due to the Kardashian factor. Coty announcing in a filing that it was in talks with reality TV star Kim Kardashian on a possible collaboration. Coty already has a $600 million deal with Kardashian’s half-sister Kylie Jenner. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.