AFN News May 27

AFN NEWS

Thursday, May 27, 2021 

1) [Investigators] in San Jose, California are looking into this morning’s deadly shooting at a mass transit facility. Eight people were killed. The suspect opened fire at the Santa Clara Valley Transportation Authority light railyard is dead. Santa Clara Sheriff Department Spokesman Russell Davis says the suspect was a VTA employee. “We actually had an explosives dog on scene, which detected some type of explosive material at the crime scene itself. At that point, we activated the sheriff’s office bomb squad, who is currently on scene and render any kind of suspicious packaging safe at that point.” ABC’s Kaylee Hartung says a house fire is also linked to the suspect. “We come to learn that that house, that was on fire. It was a house of Samuel Cassidy. That’s the same man who authorities believe took his own life after killing eight employees of the Valley Transportation Authority here this morning. So, authorities believe that man set his own house on fire before he drove less than ten miles to get here and carried on this deadly rampage.” President Biden is ordering flags to half-staff the fifth time he has done since taking office.

 2) The President wants another three-month investigation into the origins of COVID-19. “The Biden Administration defending against Republican claims that the President has made a U-turn on if COVID came from a Chinese lab.” We have been saying that for a very long time, that China needed to provide more access to the lab, cooperate more fully. “Spokesperson Karine Jean-Pierre saying it may be impossible to know the exact COVID origin if China doesn’t let inspectors look into directors and the lab. Andy Field, ABC News, Washington.”

3) Police in Aurora, Colorado say a road rage incident left a driver in critical condition. The suspect is in custody. 

4) Going away from Memorial Day? The Triple A (AAA) is predicting more than 37 million will travel over the long holiday weekend. That’s up 60% from last year. The busiest day for drivers will be tomorrow, Friday for air travelers. You’re listening to ABC News.

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I’m Charles Payne, and this is the Fox Business Report.

Stocks finished higher as investors continue to monitor the economic recovery and rising inflation. And it was a historical day for the Dow Jones Industrial Average marking the 125th anniversary of the index which made a state view on May the 26th, 1896. The Dow rising 11 points, the Nasdaq up 81, S&P 500 up 8. And shares of Dick’s Sporting Goods topped over 16% after reporting a surge in first quarter sales in solid earnings as team sports returned. Investor piled into shares of Zscalar after the provider cloud-based security software posted better than expected quarterly results. Its shares rose 12%. And housing market is in need for home for sale and Toll Brothers are reaping the benefits. Its stocks jumped 4% after the home builder reported record contracts in the second quarter that exceeded analysts’ estimates.

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

AFN News May 20

AFN NEWS

Thursday, May 20, 2021

1) From ABC News, I’m Daria Albinger. The House is preparing to vote whether to create a 9/11-style Commission to look into the January 6th attack on the Capitol. New York Republican John Katko will vote for it. “I urge all of you in this body, all of you on both sides, not just my side or not just your side, all of us to set aside politics JUST THIS ONCE. Just this once. I beg you, and pass this bill.” But a growing number of GOP say they won’t. Maryland Democratic Congressman Jamie Raskin made an impassioned plea to House lawmakers to approve the bipartisan independent commission to examine the Capitol insurrection. “We must do honor to future generations of Americans to find out exactly what happened and why and how to stop it in the future.” But in the show of loyalty to former President Trump, some Republicans like Oklahoma Congressman Tom Cole say the commission should look into political violence beyond January 6th. “After all, the event of January 6th did not occur in a vacuum.” __ ABC News, Washington.

2) The top U.S. general in the Middle East says he’s closely monitoring the conflict between Israel and Hamas in case it widens into Lebanon. “Although it looks like there haven’t been any significant attacks from Lebanon that could change. I hope that the status quo remains and that does not occur.” Gen. Frank McKenzie says so far, the conflict has not affected the planned U.S. troops drawdown in Afghanistan.

3) The CDC directory says mask mandates are local matters especially in the community with low vaccination rates. “We have really encouraged that the policies of mask wearing be locally driven, and the reason for that is because every community, every county has different rates of disease and different rates of vaccination.” Doctor Rochelle Walensky speaking today to the Senate panel.

4) Stocks pulled back for the third day in a row. The Dow down more than 160 points. The price of bitcoin and other cryptocurrencies, fell sharply. You’re listening to ABC News.

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I’m Charles Payne, and this is the Fox Business Report.

Stocks paring from bigger losses, and still falling for a third straight session as the declining cryptocurrencies and the fears over inflation weighed on investors. Federal Reserve officials at their April meeting said they’re closely watching economic development after a stronger-than-expected surge of inflation last month and will be ready to shift policy if necessary. The Dow falling 165 points, the Nasdaq down 4, S&P 500 down 12. // Shares of Target rose over 6% to a record high after delivering a blockbuster quarterly report with revenue surging 23% and apparel sales rising more than 60%. And Lowe’s said its comparable store sales rose 26% for a recent quarter as people continue to buy home improvement items, one of the biggest product category winners during the pandemic. However, Lowe’s shares fell 1%.

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

                                                       

AFN News May 13

AFN NEWS”

Thursday, May 13, 2021 

1) From ABC News, I’m Daria Albinger. Need to fill your car? You may be out of luck, especially if you live in the Southeast, East or mid-Atlantic states, a lot of stations are closed with the Colonial Pipeline. A major supplier to the region shut down for days, but President Biden says that may not be the case for much longer. “I think you’re gonna hear some good news in the next 24 hours, and I think we’ll be getting that under control.” Colonial says it began the process to resume operations on the pipeline about an hour ago.

2) The CDC signing off on the FDA’s decision to allow 12-to-15-year-olds to get Covid-19 vaccine. “At the CDC, the motion passes. That’s a step allowing 12-to-15-year-old Americans to get a Pfizer vaccine. Moderna and Johnson & Johnson likely to follow soon. The White House saying the government will make it easier for those pre and early teens to get their first shots at home and the second somewhere else if they are away to camp. Andy Field, ABC News, Washington.”

3) The White House says President Biden is still hoping to broker peace deal to end the latest fighting between Israel and Hamas. Dozens are dead in the worst outbreak since 2014 war with no resolution in fight.

4) The FAA is headed to the scene of a midair collision in Colorado. The two planes hit in midair about four miles north of Centennial Airport in Arapahoe County. One pilot of a Key Lime Air twine-engine plane reporting any at the problem, the audio from LiveATC.net. “Tower, Key Lime 970 declaring an emergency.” Once on the ground it was clear a huge chunk of the back of that plane is missing apparently taken out in the midair collision with a small Cirrus plane that was seen falling from the sky with a parachute out. Incredibly nobody was injured. Everybody walked away fine. Alex Stone, ABC News.”

5) Wall Street on track for its worst week in six months. A surprising jump in inflation last month, since stocks into a tailspin with the Dow falling more than 600 points. You’re listening to ABC News.

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I’m Charles Payne, and this is the Fox Business Report.

Stocks ended sharply lower on inflation concerns after fresh data showed the sharp increasing consumer prices for April, which rose 4.2% year over year, marking the biggest annual increase in nearly 13 years while prices rose 8/10 of a percent from the previous month. The report has investors weighing the possibility that the Fed may have to change course for interest rates. The Dow falling 682 points for one of its worst days since last October, the Nasdaq falling 358, S&P 500 down 89. // And share of Domino’s Pizza ended slightly higher after activist investor Bill Ackman’s hedge fund Pershing Square revealed a 6% stake in the pizza chain. // And shares of bankrupt Hertz Global Holdings surged 55% after the car-rental company unveiled a plan to help it exit Chapter-11 that would benefit shareholders.

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

                                                       

AFN News May 6

 AFN NEWS

Thursday, May 6, 2021

 

1) From ABC News, I’m Daria Albinger. The Biden Administration says it’s behind the change in patent policy when it comes to Covid-19 vaccines. ABC’s Mark Remillard says it’s doing so hoping to hasten the end of the pandemic. “US Trade Representative Katherine Tai in a statement says the Biden Administration supports waiving patent protections for Covid-19 vaccines in order to allow companies around the world to produce doses. Tai says she is working on negotiations at the World Trade Organization to make that happen. Even if an agreement is reached, the Biden Administration will still likely need to ask the companies to share their technology. Pharma companies say they’re concerned about the precedent if this would be set. If Covid-19 is worth waiving patent, why not other life-threatening diseases? Mark Remillard, ABC News.” A trade group which represents several vaccine makers including Johnson & Johnson, Pfizer and AstraZeneca says the Biden plan is a mistake.

2) The President serving up reasons to support a newly launched Restaurant Revitalization Fund. “Right now, only about a quarter of the restaurant owners are expected to return to normal operations within the next six months. We can do much better than that.” And the fund will provide more than $28 billion in direct relief to restaurants that were impacted because of the pandemic. //   

A federal judge has ruled that the CDC exceeded its authority when it imposed federal eviction moratorium. The Justice Department says they will appeal.

3) Life in prison for two American teenagers convicted in the 2019 slaying of a police officer at a drug sting gone awry. Finnegan Elder and Gabriel Natale Hjorth say they mistook a plain-clothed police officer for a gang member that Elder fatally stabbed the officer and Hjorth had a knife. “There were other people that made some really bad decisions as well. And had those other bad decisions not been made again, Cerciello Rega would be here today, had the carabinieri simply followed protocols for an undercover operation,” Elder family attorney, Craig Peters. You’re listening to ABC News.

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I’m Connell McShane. This is the Fox Business Report.

Stocks finished mixed, the Dow ending at an all-time high and the Nasdaq hosting its longest losing streaks since mid-October. The Dow rising 97 points, the Nasdaq down 51, S&P 500 up 3. // And Uber business continued to recover in the first quarter as pandemic restrictions eased and the sale of its self-driving unit helped produced the smallest quarterly loss in its history as a public company. Uber’s results beating earnings and revenue expectations with its gross bookings rising 24% year over year and all-time high with ride volumes improving and its delivery business skill on a tear. // And PayPal soared a record amount of volume flow through its platform in the first quarter as the ecommerce wave continued even amid the gradual reopening of the economy. Shares of PayPal spiking after-hours, after the company topped expectations with its latest results and raised its full-year outlook.

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

AFN News April 29

AFN NEWS

Thursday, April 29, 2021

 

1) From ABC News, I’m Daria Albinger. The feds executed search warrant at the home of former President Trump’s personal attorney. “Federal prosecutors here in New York wanted to search Rudy Giuliani’s home and office last fall, but a former official briefed on the case told ABC news the Trump Justice Department denied their request. Then Deputy Attorney General Jeffrey Rosen rejected the search warrant because the request came within 60 days of the presidential election. The Justice Department generally tries to avoid politically sensitive move close to an election. But we were told prosecutors asked again after the election and were denied the second time. Approval only came after the change in administrations. Aaron Katersky, ABC News, New York.”

2) In about three hours from now, President Biden will address the joint session of Congress and 100 days in here. He is expected to declare that the US is turning peril into possibility, crisis into opportunity. ABC’s political director Rick Klein. “It’s a critical moment, a chance to communicate directly to American people and at the critical time [stumbling] in fighting COVID-19 just around the opportunity to put that in the past and then to start to talk about his massive reorganization of a social agenda that we were talking about from President Biden.” No matter what the President says, the address will be historic because for the first time two women will be seated behind Mr. Biden; Vice President Kamala Harris and House Speaker Nancy Pelosi. 

3) A federal grand jury charged three Georgia men with hate crimes and attempted kidnapping in the death of Ahmaud Arbery.

4) The fed is staying put on interest rates. “The sectors of the economy most adversely affected by the pandemic remain weak but have shown improvement. While the recovery has progressed more quickly than generally expected, it remains uneven and far from complete.” Chair Jerome Powell says the economy needs a little more time to recover.

5) CDC Director Dr. rochelle walensky says the sense of impending doom about COVID 19 has shifted to being cautiously optimistic with cases coming down. You’re listening to ABC News.

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I’m Charles Payne, and this is the Fox Business Report.

Stocks finished mixed ahead of a flood of earnings reports from tech heavyweights as investors weighed the conclusion of the Federal Reserve policy meeting on Wednesday. The Dow rising 3 points, the Nasdaq down 49, S&P 500 down a point. // And Microsoft stock’s moving lower in the extended session despite the software giant posting earnings and revenue. They came in stronger than analysts had expected. The company notched its biggest revenue growth since 2018 due in part to gains in PC sales resulting from pandemic shortage last year. The company said its Azure cloud unit that competes with market leader Amazon web services grew 50%. // And shares of Alphabet, parent company of search engine giant Google, are surging after hours, after beating Wall Street forecast for earnings and revenue. Google search division was the biggest breadwinner again with $32 billion in sales.

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