AFN NEWS
Thursday, October 29, 2020
1) From ABC News, I’m Daria Albinger. Hurricane Zeta has made landfall along the Louisiana coast, the latest storm to slam the region. The Category 2 hurricane with 110 m.p.h. winds and the storm surged up at least 11 feet. Gov. John Bel Edwards, “One of the good things about this storm, if there is such a thing as a good thing about the storm, is its forward speed, for means that that’s not going to just sit there and pound for hour after hour and it should move through the area relatively quickly.” And because of that tropical storm, warnings are now in effect along the Gulf Coast and inland into the Carolinas and Virginia.
2) Six days to the election, President Trump holding rallies in Arizona and attacking on the latest poll. “ABC, Washington Post, they’re fakes. Trump 17 down in Wisconsin, 17. Think of it. Think of it. And they tried to do it last time four years ago, too, and that didn’t work out too well.”
3) Democrat Joe Biden voted in his home state of Delaware and criticized the way the President handled COVID-19. “This country can’t afford four more years of the president who thinks he’s only responsible for the wellbeing of the people who voted for him.” More than 75 million ballots have already been cast.
4) Former Department of Homeland Security chief of staff Miles Taylor says he penned that explosive anti-Trump op-ed and book. “Another anonymous op-ed was published in September 2018. It seemed to consume President Trump. He suggested the piece amounted to treason and said the Justice Department should investigate who wrote it. Mr. Trump said it was disgraceful that someone could write a critical op-ed not to put their name on it and had it published by the New York Times. He called it a gutless editorial. Karen Travers, ABC News, Washington.”
5) Stocks tumbled again today over worries about the pandemic, all three of the major indexes losing almost 3.5%.
6) A 9:00 p.m. to 6:00 a.m.
curfew takes effect tonight in Philadelphia after two days of unrest over the
police shooting of a Black man. You’re listening to ABC News.
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I’m Liz
Claman and this is the Fox Business Report.
Stocks tumbled as investors are concerned
about rising coronavirus cases causing more lockdowns. Big tech and cyclical
stocks along with shares of companies affected by coronavirus restrictions like
cruise operators, airlines and hotels suffered sharp loses. The Dow falling 943
points, the Nasdaq down 426, S&P 500 down 119. // And General Electric bringing
good things to life on Wall Street. Its shares closing up 4.5% after the industrial
conglomerate’s profit and revenue came in well above estimates. GE said it was managing
through a difficult environment but added it’s on track with its efforts to contain
cost and conserve cash. // And Pinterest’s shares are surging in the extended
session as the company continued to experience a surge in new users during the
pandemic, which resulted in bigger profit and revenue growth unexpected for its
summer quarter.
That’s your Fox Business Report. I’m Hilarie Barsky,
invested in you.
