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.”
