AFN News October 22

 

AFN NEWS

Thursday, October 22, 2020

 

1) From ABC News, I’m Daria Albinger. Former President Obama’s on the campaign trail for his former Vice President Joe Biden. He is hopeful Americans are ready for change. “I’ve never lost hope over these last four years. I’ve been mad. I’ve been frustrated but I haven’t lost hope and the reason is because I never expected progress to move directly in a straight line.

 2) President Trump heading to a rally in North Carolina. Vice President Pence talking of Supreme Court nominee Amy Coney Barrett in New Hampshire. “He nominated a remarkable, brilliant, principled, conservative woman who loves the Constitution.” Democratic Vice President Nominee Kamala Harris is in North Carolina. Biden is preparing for tomorrow night’s debate.

 3) There’s new optimism. Congress and the White House come together on the new COVID-19 relief bill before the election. “Both sides still at least publicly billions of dollars apart, helping out-of-work Americans and struggling states survive the pandemic. White House chief of staff Mark Meadows blaming Speaker Nancy Pelosi. ‘Senate Republicans are starting to get to a point where they believe that she is not negotiating in a fair and equitable manner.’ Speaker Pelosi and Democrats saying they passed the relief bill a month ago that the Republican Senate refused to even debate. Andy Field, ABC News, Washington.

 4) ABC News has learned Democrats on the Senate Judiciary Committee tomorrow will boycott a vote on Barrett’s nomination. In their chairs, poster-sized pictures of the Americans who they say would be crashed by a vote to strike down the Affordable Care Act.

 5) Starting Friday, Illinois is taking indoor service off the menu at bars and restaurants as COVID-19 cases continue to rise. “Regional trends are still moving in the wrong direction. In addition to mitigations being imposed to help bring down the spread of the virus. I want to remind everyone Mask up, Illinois.” That’s the state’s governor. You’re listening to ABC News.

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I’m Liz Claman and this is the Fox Business Report.

The major averages finishing lower amid of barrier to produce any fresh development on the negotiation for additional fiscal stimulus. The Dow falling 98 points, the Nasdaq down 32, S&P 500 down 8. // And Tesla shares are rising in the extended session after reporting earnings and revenue beating Wall Street estimates with the electric vehicle maker notching the 5th consecutive quarter of profits. // And Quibi is closing shop, according to the Wall Street Journal. The streaming service’s founder Jeffrey Katzenberg calling investors to tell them he’s shutting down operations. Katzenberg hit streaming services of revolutionary new player in the video streaming wars, but the company has been plagued with problems since its launch back in April. // And the shares of Netflix plunging 7% after the company said its subscribers’ growth slowed in the third quarter, highlighting the fresh challenges from competitors ramping up their own streaming services.   

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

                                                       

AFN News October 15

 

AFN NEWS

Thursday, October 15, 2020

                                                       

1) From ABC News, I’m Daria Albinger. President Trump and the first lady were not the only members of the first family who tested positive of COVID-19. In the White House blog, the first lady detailing her family’s dealing with COVID, saying she was at first relieved her son Barron tested negative but her fears came true when the later test showed her teenage son was positive. Mrs. Trump saying it’s fortunate Barron has shown no symptoms and that she thought about the millions affected by COVID while they recovered. The first lady says she is now tested negative. ABC’s Andy Field, Washington.

 2) A second day of questioning for Supreme Court nominee Amy Coney Barrett has just started. Barrett was responding to critics who worry her personal beliefs may have effect on her work on the bench. “There’s room for different approaches to the Constitution and I think those approaches shouldn’t be broken down into partisan boxes, because judges are not partisan.” New Jersey Democrat Cory Booker asked Barrett to comment on the Trump Administration policy of separating undocumented families at the U.S. border. “It is wrong to separate a child from their parents, not for the safety of the child or parent, but to send a message. As a human being, do you believe that that’s wrong?” “Senator, I think you’re trying to engage me on the administration’s order on separation policies.” Barrett appears to be headed to an easy confirmation. Republicans have the 51 votes they need.

 3) More states are setting early voting records. California Secretary of State reports over 1 million Californians have already cast votes by mail ballots. In 2016, the number was around 72,000 by now. Even before this year, many Californians voted by mail under permanent absentee status. So, voting by mail is not new here in California. This year, though, at the extra crash, the state is telling Californians to vote now to make sure their ballots get in without delay. ABC’s Alex Stone. Early voting now underway in more than 40 states plus Washington, D.C. You’re listening to ABC News.

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I’m Susan Li and this is the Fox Business Report.  

Stocks fell for the second straight session, raising earlier gains in the stimulus deal uncertainty and as investors weighed the mixed bank of corporate earnings results. Energy companies were among the gainers while tech lagged. The Dow falling 166 points, the NASDAQ down 95, S&P 500 down 23. // And New York shares surging over 22% after analysts of JPMorgan upgraded the Shanghai-based electric vehicle maker, saying it sets to be the long-term winner in China’s luxury electric vehicle market. // And Zoom Video Communications taking advantage of its huge growth during the pandemic and is moving into new ventures and launching OnZoom, a new website that allows any Zoom users to schedule, promote, and host both paid and free events. Events producers can sell tickets for individual events or series.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

 

AFN News October 8

 

AFN NEWS

Thursday, October 8, 2020　

 

1) From ABC News, I’m Daria Albinger. President Trump is out of sight. He’s continued to recover from Covid-19, but he is back in the Oval Office with his staff, says a number of safeguards in place. “White House still won’t give exact date when the President last tested negative for Covid-19. Spokesperson Brian Morgenstern still refusing to make it clear. ‘I don’t know when he last tested negative and I’ve answered this question a number of times.’ The President’s aids and doctors still not saying if there was any indication the President was infected before his debate with Joe Biden or his trip to see donors in New Jersey. Andy Field, ABC News, Washington.”

 

2) Stocks jumped after the President appeared to backtrack on the decision to table talks for another coronavirus rescue package until after the election. The Dow soaring more than 500 points.

 

3) Tonight it’s the running mates’ turn. Vice President Pence and Democrat Kamala Harris will meet in Salt Lake City for their only debate of the campaign. Michigan school bus driver Tom Moran drove to Utah to stand outside the debate hall. “I drove 23 hours. I think it was about 1600 miles and I would do it again. I would crawl over broken glass to replace this President.” The virus is expected to be a central focus. The candidates are going to be separated by a plexiglass partition.

 

4) In Wisconsin, a crowd has gathered outside the Milwaukee County Courthouse, waiting to hear police officer Joseph Mensah who faced criminal charges in the February shooting death of Alvin Cole outside the mall in Wausatosa.

 

5) Delta may be losing strength but Louisiana Governor John Bel Edwards says coastal residents should still prepare for a major storm later this week. “Former track has shifted a little bit west. It is still true that the overwhelming majority of the coast of Louisiana will remain in the cone.” Delta is now category 1, 85-mph winds, but it is expected to get stronger again as it moves out of the Gulf of Mexico. You’re listening to A BC News.

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I’m Liz Claman and this is the Fox Business Report.

Stocks ending sharply higher as investors regained optimism at least a partial deal of more U.S. fiscal stimulus may happen. // Shares of airlines taking off after President Trump urged Congress to pass a series of smaller standalone bills that would include a bailout package for the industry battered by the coronavirus pandemic. The Dow rising 531 points, the NASDAQ up 210, the S&P 500 up 38. // And Netflix stocks surging nearly 6% after Pivotal Research lifted its price target with Street-high of 650 bucks a share. An analyst with the firm contents, the larger Netflix subscriber base grows, the more they can spend on original content which increases the potential target for their service. // And Disney shares jumping after activist investor Dan Loeb called on the entertainment giant to cut its dividend and invest the proceeds in streaming contents.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

 

AFN News October 1

 

AFN NEWS

Thursday, October 1, 2020

1) From ABC News, I’m Daria Albinger. After last night performance, some are wondering if there will be a second presidential debate or if there should be. “The President suggesting he delivered such a kickout punch against rival Joe Biden Tuesday night that, ‘I hear he doesn’t want to go forward.’ In fact, Joe Biden says that isn’t true and that he agrees with debate organizers to cut a candidate’s microphone if they do not stop talking. ‘That’s what seemed to me to make some sense. But I’m looking, I’m looking forward to that.’ Both candidates must agree to any debate rule changes. Andy Field, ABC News, Washington.

 

2) The president asked again today to publicly condemn white supremacist groups after he refused to do so last night. South Carolina’s Tim Scott, the chambers’ only African-American Republican, “I think he misspoke in response to Chris Wallace’s comment. He was asking Chris what he wanted to say. I think he misspoke. I think he should correct it. If he doesn’t correct it, I guess he didn’t misspeak.” A White House spokesperson says there is nothing to clarify.

 

3) Stocks rallied with investors motivated by the possibility of a new coronavirus relief package. Senate Majority Leader Mitch McConnell, “I think it’s safe to say we’re far apart. I think Secretary Mnuchin and the Speaker will continue to speak but we are very, very far apart.” House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met today to talk about the new stimulus package for the first time in more than a month.

 

4) Police say an apparent drive-by shooting outside the Milwaukee funeral home left seven wounded. Acting Chief Michael Brunson. “The victims were transported to a local hospital where they are being treated for their injuries. Right now, all of them are in stable condition. He says the search for a suspect is underway.

 

5) A court’s approved more than $8 million in payouts from MGM Resorts International to the relatives and victims of a Las Vegas Strip shooting, the deadliest shooting of its kind in recent U.S. history. You’re listening to ABC News.

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I’m Liz Claman and this is the Fox Business Report.

Stocks ending in the green on the last day of trading for the month for its second quarterly gain, however, the market notched its first negative month since March with the Dow rising 329 points, the Nasdaq up 82, S&P 500 up 27. The market’s gains also coming after better than expected economic data. ADP’s monthly private-sector jobs count showed growth of 749,000 in September ahead of economist expectations. Meanwhile, pending home sales soared nearly 9% in August marking its highest pace on record according to the National Association of Realtors survey. // And shares of embattled electric truck startup Nikola surging 14%. The company reconfirmed its business plans and production targets. General Motors said it’ll extend talks on a $2 billion deal with Nikola which will give the automaker an 11% stake.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.