AFN NEWS
Thursday, June 17, 2021
1) From ABC News, I’m Chuck Sivertsen. President Biden is on his way back to Washington after a three-hour summit with Russian President Vladimir Putin. ABC’s Karen Traverse in Geneva. “Cyber security was a big topic in the wake of recent ransomware attacks, the Administration says, originated in Russia. Putin today taking no responsibility but President Biden saying he drew a firm line. Asked later what he would do if Putin ignore that, the President issuing the threat, ‘I pointed out to him we have significant cyber capability, and he knows it.’ Karen Traverse, ABC News, traveling with the President in Geneva.” Through a translator, President Putin held his own news conference after the summit. “Although there was a candid and open conversation, and there were no personal or diplomatic deviations from the topic set out to address.” Putin says they agreed to return the American ambassador to Moscow and the Russian ambassador to Washington. They were pulled during recent tense relations.
2) The Justice Department moving a drop its Trump-era civil lawsuit against former National Security Advisor John Bolton that sought to seize all his proceeds from Bolton’s recent memoir, also, dropped separate criminal investigation in whether Bolton illegally mishandled classified information by publishing the book.
3) The latest on the cost of living and the cost of burrowing. “Federal Reserve policymakers increased their forecast for inflation this year as prices rise in many parts of the economy. But Fed Chairman Jerome Powell says higher prices will likely only be temporary. ‘If you look behind the headline numbers, you’ll see that the incoming data are consistent with the view that the prices that are driving higher inflation come from the categories that are being directly affected by the recovery from the pandemic and the reopening of the economy.’ The Fed signals interest rates could rise by the end of 2023. That’s earlier than its previous forecast. Elizabeth Schulze, ABC News, Washington.”
4) It was a down day on Wall Street. You’re listening to
ABC News.
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I’m Charles Payne, and this is the Fox
Business Report.
Stocks fell and bond yields rose after Federal Reserve
officials signaled. They may start easing their massive measures to jump start
the economy earlier than expected as the economy recovers from the pandemic as an
inflation heats up. The Dow falling 266 points, the Nasdaq down 33, S&P 500
down 23. // And General Motors shares rose 1.5% after the automaker said it
would increase spending on electric autonomous vehicles to $35 billion through 2025.
This spending will reportedly include two additional U.S. battery plants. //
And Amazon Fresh is opening a grocery store in Bellevue,
Washington on Thursday. That will offer customers a chance to grab and go
without standing on line at a checkout lane. The company says walkout
technology will allow shoppers to place things on their carts and leave the
store without a stop at a cash register.
That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.
