AFN NEWS
Thursday, April 8, 2021
1) From ABC News, I’m Daria Albinger. President Biden says he is open to negotiating his more-than-$2-trillion infrastructure plan with Republicans on some things. “Republican Mitch McConnell says its cost and tax too much with the economy finally recovering. ‘We don’t need to lay on heavy tax increase on top of that.” President Biden insisted infrastructure is not just rebuilding roads, rails and airports. “Because today’s high-speed internet is infrastructure.” The debate has just begun. Andy Field, ABC News, Washington.”
2) The White House says the President will announce executive actions tomorrow on gun control. They will reportedly involve so-called ghost guns and background checks.
3) A lead investigator into the death of George Floyd took the stand today in the murder trial of former Minneapolis police officer Derek Chauvin. Senior Special Agent James Reyerson was asked by Defense Attorney Eric Nelson about a clip from police bodycam video that was taken on the day Floyd was arrested and died. “Did you hear that?” “Yes, I did.” “Did it appear that Mr. Floyd said I ate too many drugs?” “Yes, it did.” Chauvin who pinned the handcuffed Floyd to the ground with his knee on Floyd’s neck has pleaded not guilty.
4) We now know what caused an automobile crash in California that left Tiger Woods seriously injured. “Tiger Woods was speeding and lost control. That’s a conclusion of investigators in their final report on the crash, determining drugs or alcohol were not involved. L.A. County Sheriff Alex Villanueva, ‘The primary cause of the fact for this traffic collision was driving at a speed unsafe for the road conditions and the inability to negotiate the curve of the roadway.’ He says black box data shows his crash unfolded. Woods was going almost 90 miles an hour. Woods will not be charged. Alex Stone, ABC News, Los Angeles.”
5) The S&P 500 closed at a record high today, up just 6 points. You’re listening to ABC News.
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I’m Liz Claman and this is the Fox Business
Report.
Stocks finishing mixed as investors weighed
comments from Federal Reserve’s latest policy meeting. Officials pointing to a
brighter outlook for the economy, while agreeing to provide continued support to
super low interest rates and large monthly bond purchases. Shares of cruise
line operators jumped in their optimism about a swift economic recovery from
the pandemic. Tech companies also gain as Treasury yield held steady while industrials
and utilities lagged. The Dow closing up 16 points, the Nasdaq down 10, S&P
500 up 6. Shares of JPMorgan Chase, one of the Dow’s biggest gainers after CEO Jamie
Dimon said the U.S. economy is headed for a boom that could run well into
2023. And Royal Dutch Shell said it will return to oil production
quarterly profits for the first time since the pandemic began driven by higher
commodity prices, however, the Texas winter storm will impact its earnings.
That’s your Fox Business Report. I’m Hilarie Barsky,
invested in you.
