AFN NEWS
Thursday, July 22, 2021
1) From ABC News, I’m Chuck Sivertsen. House Speaker Nancy Pelosi says she rejects two of Republican Minority Leader Kevin McCarthy’s five recommendations for the January 6th Capitol insurrection committee. Jim Banks of Indiana and Jim Jordan of Ohio who both voted to overturn the election results. In response, McCarthy accuses Pelosi of abusing her power. “Unless Speaker Pelosi reverses course and seats all five Republicans, we will not participate.” The committee does still have one Republican Congresswoman Liz Cheney chosen by Pelosi. “At every opportunity the Minority Leader has attempted to prevent the American people from understanding what happened to block this investigation.” McCarthy says Republicans will run on own investigation.
2) Senate Republicans rejected an effort to begin debate on the big infrastructure deal. The bipartisan group of Senators brokered with President Biden. White House Press Secretary Jen Psaki, “But we’ve been encouraged and grateful, encouraged by the progress and grateful to the work of both the Democrats and Republicans involved.” The bipartisan group of negotiators releasing a statement saying they’re close in the final agreement and that they will continue to work.
3) President Biden is on the road in Cincinnati. The nation’s largest public utility company making a big announcement that could save lives and prevent many wildfires in the West. “After being responsible for numerous large and some deadly wildfires, Pacific Gas & Electric says it will begin burying 10,000 miles of power lines in California’s highest risk areas to cut the chance of lines coming down in high winds. PG&E CEO Patti Poppe, “We are committing today to undertake one of the largest infrastructure projects in the history of our state.” PG&E says one of several large wildfires burning in California right now is likely sparked by its power lines. Alex Stone, ABC News, Los Angeles.
4) California reports more than 5,000 new COVID cases in just one day, largely among unvaccinated populations. You’re listening to ABC News.
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I’m Charles Payne, and this is the Fox
Business Report.
Stocks climbed higher for the second day and
recouped all the loses they suffered on Monday. Investors were focused on strong
earnings results. Energy and financials were among the biggest gainers. The Dow
rising 286 points, the Nasdaq up 133, S&P 500 up 36. // And Coca-Cola delivered
robust financial result that topped expectations and raised its forecast for
the year. The beverage giant says sales were picked up with the reopening of
restaurants, stadiums and movie theaters. Its shares closed up over 1%. // And
Texas Instruments stocks falling after hours despite reporting better than
expected quarterly results with 7% revenue increase from the previous quarter
and 41% increase from the year earlier driven by strong demand in industrial
automotive and personal electronics.
That’s your Fox Business Report. I’m Hilarie Barsky,
invested in you.
