AFN News November 11

 

ABC NEWS   NOVEMBER 11, 2021

 

1)        From ABC news, I am Michelle Franzen.  President Biden will sign the bipartisan infrastructure bill Monday in Washington in the ceremony with both Democrats and Republicans.  Today the president toured the Baltimore Port, highlight in how funding, he says, for projects will ease supply chain issues and those inflationary concerns; “Many people remain unsettled about the economy, and we all know why.  They see higher prices.  They go to the store or online if they can’t.  They go to the store, go online, they can’t find what they always want.  And when they want it, and we are tracking these issues, and trying to figure out how to tackle them head on.”

 

2)        In Wisconsin, Kyle Rittenhouse was the star witness for the defense today, testifying that he acted in self-defense when his shooting killed 2 demonstrators last summer and injured a third.  At one point, he broke down crying while describing the moments leading to the shooting of Joseph Rosenbaum.  In cross-examination, prosecutor Thomas Binger questioned why Rittenhouse felt threatened.  “Neither the first or the second time, did he run at you or charge at you or anything like that, did he?”  “He didn’t chase then.”  “He didn’t even do anything physically aggressive to you, did he?”  “No.”  “He just said some words.”  “Yes.”  The judge also admonished the prosecution for its line of questioning at one point of Rittenhouse.  The defense said it will file motion for mistrial.

 

3)      The de-trialed deposition of New York’s former governor over sexual misconduct.  The allegations now public.  “The state trooper on then-governor Cuomo security detail said she felt completely violated.  Cuomo was leaving a 2019 grand breaking ceremony for a new Islanders arena, and as the trooper held the door, she said she felt the palm of his hand in the center of her stomach.  She told investigators a little bit north or a little bit south, it’s not good.  Cuomo told investigators he didn’t remember doing that, but if he did, it was incidental.  In his sworn testimony, Cuomo was defiant and convinced to his being questioned for a biased political investigation.  You’re listening to ABC News.

 

 

4-1)  I am Maria Bartiromo, and this is the Fox Business report.

      “Stocks tumbled after the latest reading on inflation showed consumer prices accelerated by the most in 3-decades, rising 6.2% annually in October.  Energy and tech stocks were among the biggest laggers.  The Dow winners today; Amgen, Visa and American Express.  The Dow decliners; Salesforce, Microsoft and United Health.  The Dow falling 240 points, the Nasdaq down 264, S&P 500 down 39.

 

 4-2)  And Rivian Automotive went public with a bang today in the largest initial public offering of the year.  Rivian priced its initial public offering at $78, well above its expected range, and its shares surged around 30%.

 

 4-3)  And MasterCard shares rose close to 4% after the payments titan delivered new growth targets for the next few years, added Wednesday investor day event, showing faster earnings and revenue growth.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News November 4

 

ABC NEWS   NOVEMBER 4, 2021 

1)        From ABC news, I am Daria Albinger.  President Biden says the country is taking a giant step out of the coronavirus pandemic, now that kids ages 5-11 can get the vaccine; “Twenty-eight million more young Americans are now eligible for the protection of a vaccine.  And my administration is ready, we are ready from day one, today, (we’re) organized and have a plan for this vaccination’s launch.” 

2)        Mr. Biden then pushed back against the notion that the off-year election results were statement about his presidency.  “People are upset and uncertain about a lot of things, from COVID, to school, to jobs, to whole range of things and the cost of a gallon of gasoline.”  Mr. Biden suggested his inability to get Congress to pass his infrastructure and Build Back Better bills ahead of the election, really didn’t make a difference.  Speaker Nancy Pelosi says the House will vote on both bills this week.

3)        Once again Senate Republicans blocked debate on a voting rights bill, and that’s prompting new talk of whether it’s time to end the filibuster.  “Actually, Republicans blocked the voting right act’s debate; ‘This is about our democracy’, Vice President Kamala Harris outlined the states; ‘whether or not we are going to make it more difficult as is happening in many states, or protect and make it easier for people to vote.’  Only one Republican, Alaska Senator Lisa Murkowski voted with Democrats to end the voting rights filibuster.  Democrats need 9 more Republicans.  Andy Field, ABC News, Washington.”

4)        The European Union senior diplomat says nuclear talks with Iran will resume on November 29th.

5)        The Federal Reserve says inflation appears to be a longer-term issue than it originally thought it would be.  So, it’s going to begin dialing back the extraordinary stimulus that it’s provided since the coronavirus pandemic began. 

6)  Stocks climbed all-time highs; the Dow and S&P 500 at new records.  You’re listening to ABC News.

7-1)  I am Liz Claman, and this is the Fox Business report.

      “Stocks rose to new records after the Fed made its long-awaited announcement to slow the monthly bond purchases that they will put in place to prop up the economy during the pandemic.  The Dow rising105 points, the Nasdaq up 162, S&P 500 up 30.

7-2)  Allbirds got a running start in its first day of trading as a public company.  The maker of sustainable shoe sold shares surged 91% from its initial public offering price of $15. 

7-3)  And Dick’s Sporting Goods shares jumped 6% after the athletic retailer announced a partnership with Nike.  Dick’s scorecard members can now link their rewards account to their Nike membership account by the Dick’s mobile app.  Customers will then have access to member-exclusive merchandise launches and instore events.

7-4)  And Starbucks has unveiled its holiday food and drink lineup along with its festive cups which will be available in the US and Canada on Wednesday.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”  

AFN News October 28

 

ABC NEWS   OCTOBER 28, 2021 

1)        From ABC news, I am Daria Albinger.  Democrats are still debating what stays and what will be cut from bill Back Better.  A source close to the top says paid family and medical leave are likely out.  West Virginia Senator Joe Manchin says that’s a good call; “To expand social programs when you have trust funds that aren’t solvent, they are going insolvent.  I can’t explain that, and it doesn’t make sense to me.  I want to work with everyone as long as we can start paying for things.”  White House press secretary Jen Psaki in what President Biden wants; “His preference would be for it to be 12 weeks and expansive as was in the original proposal.  Obviously, there is not enough votes for that in Congress.  That’s a reality of legislating.  So right now, we are fighting to keep it included, but I don’t have a specific update on what it looks like in this moment.”  The bill also funds sufferers to fight climate change and the president had hoped to have an agreement in place before he leaves tomorrow for a global climate change summit.

2)        A day after Illinois, to bell it up, on the east coast.  Thousands are without power in Massachusetts.  Governor Charlie Baker; “So should we remember the storm isn’t finished, includes our working to make roadways and other infrastructure safe.”  Baker says it could take days to restore power to everyone.

3)        There was some complacency.  That from investigators who are looking into last week’s deadly shooting on a movie set in New Mexico.  “Come      for the first time that it was a live bullet fired from the gun in Alec Baldwin’s hand, that killed cinematographer Halyna Hutchins and injured director Joel Souza on a set of the movie ‘Rust’ in New Mexico.  ‘The actual lead projectile that was fired has been recovered from the shoulder of Mr. Souza.’  Santa Fe County sheriff Adan Mendoza at the news conference Wednesday revealing they recovered additional live rounds from the set, but couldn’t or wouldn’t say yet how they got there.  He says the investigation continues and the district attorney for the area said a possibility of criminal charges remains.  Jason Nathanson, ABC News, Hollywood.”

4)        The FDA’s finalized new warnings about breast implants.  They required doctors to provide detailed information to patients about the risks and complications.  You’re listening to ABC News.

 

5-1)  I am Connell McShane.  This is the Fox Business report.

      “Stocks retreating from recent highs and closing mixed as investors absorbed a huge butch of earnings from tech-heavy weights.  Microsoft shares jumped 4% after the software giant reported earnings that exceeded analysts’ estimates and the fastest revenue growth since 2018, while Google parent Alphabet gained 5%, following a stronger than expected quarterly report.  The Dow falling 266 points, the Nasdaq closing flat, S&P 500 down 23.

 5-2)  And businesses looking up at the Golden Arches.  McDonald’s said their higher menu prices along with bigger order sizes increased its revenue in the US, while loosening pandemic restrictions overseas helped boost its international business.  McDonald’s stock gained 3%.

 5-3)  And Thermo Fisher stock rose 1% after the scientific instrument maker posted higher than expected quarterly earnings and revenue and raised its four year guidance.

 That’s your Fox Business report.  I am Hilarie Barsky, invested in you.”