AFN News March 12

AFN NEWS

Thursday, March 12, 2020　

1) From ABC News, I’m Daria Albinger. The Bears have been sitting around Wall Street a lot lately and today they returned. Worries about coronavirus paired with the plunge in oil prices and questions about what the Fed will do about them caused the Dow to plunge nearly 1500 points, a drop of 20% from its all-time high last month. President Trump says financial institutions are ready to help consumers and businesses. “These are powerful institutions. They’re built up. They’re ready to go. And I know there will be helping their customers during the short time period.” The President speaks to the nation tonight.

2) The market just one reaction to what the World Health Organization is now calling a pandemic. “Pandemic is not a word to use lightly or carelessly. It’s a word that, if misused, can cause unreasonable fear or unjustified acceptance that the fight is over.”

3) The upcoming March Madness games will be played with just essential personal and limited family in attendance. The NBA’s Golden State Warriors will play games without fans in their arena until further notice. Nearly 120,000 people now testing positive to the virus, most cases still in mainland China, and the U.S. death toll is rising. “The number of dead in the U.S. is now up to 36. Four more deaths coming in the Washington State and one in Los Angeles County. Washington State is now reporting at least 366 confirmed cases of COVID-19. Globally the Chief of the World Health Organization saying he is alarmed by inaction around the world of countries not doing enough to stop the spread of the virus.” ABC’s Alex Stone.

4) Two U.S. service members among at least three people killed in a rocket attack in Iraq.

5) The Fed carrying out early morning raids across the nation today, targeting alleged members of the Jalisco New Generation cartel which controls up to two thirds in the U.S. drug market. You’re listening to ABC News.

…………………………………………..

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

Another day of tumultuous trading on Wall Street with stocks dropping sharply as investors worry about the economic fallout from the coronavirus. The Dow tumbling and falling into bear market territory and declined at least 20% from its recent highs which were set on February the 12th. The Dow falling 1,465 points, the NASDAQ down 392, S&P 500 down 141. // And shares of Royal Caribbean and Norwegian Cruise Line once again taking a huge beating as investors remain skeptical about a fiscal stimulus package or targeted measures to aid the struggling industry. // And analysts say people lowering earnings estimates for restaurant companies on expectations that the coronavirus will create labor shortages and impact opening hours as it continues to spread across the U.S. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

AFN News March 5

AFN NEWS

Thursday, March 5, 2020　

1) From ABC News, I’m Michelle Franzen. Joe Biden in California with the result of the state’s primary still being tallied. He’s taking a victory lap on Super Tuesday wins in ten states and looking ahead. “We have to put in a bigger, broader vision for this nation and make it happen, and but first, first we have to defeat Donald Trump.” Biden also picking up another endorsement Michael Bloomberg suspending his campaign today and says Biden has his full support. Meantime, Bernie Sanders in Vermont focusing on future primaries in battleground states saying he and Biden are now locked in a two-person race. “My guess is after California is thrown into the hopper, it’s gonna be pretty close. We may be up by a few. Biden may be up by a few, but I think we go forward basically neck and neck.”

2) Deaths in the U.S. due to the coronavirus have now risen to eleven, another in Washington State and California reporting its first death. ABC’s Alex Stone has details. “The death here in California was an elderly patient in Placer County outside of Sacramento. The persons, we’re told, got coronavirus were on a cruise from San Francisco to Mexico last month. They have been quarantined now that the person has died. Also Washington State is reporting another death bringing the total dead there to ten.”

3) House lawmakers are approving a bipartisan funding bill 8.3 billion to combat the coronavirus. The Senate votes tomorrow and medical labs working to streamline the testing process for Americans. “Vice President Mike Pence meeting with major U.S. testing lab CEOs saying the President’s made it easier for them to detect the coronavirus. ‘Any American that wants to be tested for the coronavirus on their doctor’s indications can be tested.’ The White House saying more than $8 billion congressional funding bill will help speed treatment drugs and vaccine. Andy Field, ABC News, Washington.”

4) Wall Street rebounding today. The Dow closing up more than 1100 points. You are listening to ABC News.

…………………………………………..

I’m Maria Bartiromo and this is the Fox Business Report.

Stocks surging into the close as investors cheered growing signs of a coordinated response to the coronavirus by economies around the world and strong Super Tuesday performance by Joe Biden. Wall Street views Biden is more business friendly than Sanders. Among the gainers today; consumer staples, tech and healthcare companies. Wall Street analysts and investors have expressed concerns over Sander’s policy proposals regarding health care and large tech. Health insurance Anthem soaring over 15% for its largest one-day percentage increase since October of 2008. The Dow winners today; Apple, UnitedHealth and Home Depot. The Dow rising 1,173 points. It’s the second largest one-day point gain ever. The NASDAQ up 334, the S&P 500 up 127 points. It’s the second largest one-day point gain in history. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

AFN News February 27

AFN NEWS

Thursday, February 27, 2020　

1) From ABC News, I’m Michelle Franzen. In Milwaukee, a shooting inside the MillerCoors brewing facility, local police tell ABC affiliate WISN that the suspect may be a fired employee and reporting that as many as seven may be dead including the gunman, but it’s not been independently  confirmed. ABC’s Ryan Burrow has the latest. “Milwaukee Police are not getting much information at this point other than that this is a critical incident. We know it’s located at the MillerCoors brewing facility. Their attention seems to be focused on Building No. 4 on the urban sprawling campus. There are multiple ambulances at the scene, dozens upon dozens of vehicles, we know the FBI says it is responding.” ABC’s Ryan Burrow.

2) Next hour, President Trump will belief the nation on efforts to combat the coronavirus. That is cases. The virus is spreading beyond China where the outbreak began in the part of Asia and Europe. ABC’s Katherine Faulders is in Washington. “The Trump Administration has responded to criticism with mixed messages insisting the threat was contained but has simultaneously acknowledged that more people inside the U.S. would likely turn up infected. The President has claimed the situation is, quote, under control and plans to hold a news conference this evening to address it.

3) A Federal appeals court backing the Trump Administration in the disputes of so-called sanctuary cities. The Second U.S. Circuit Court of Appeals here in New York said the Trump Administration could withhold millions of dollars in grants from cities that do not give federal immigration authorities advanced notice of an undocumented immigrants release from custody. A district court ordered the Administration to release the money after seven states and New York City sued. The Appellate Court said though the Federal Government has broad authority to enforce national immigration laws and policies, the ruling conflicts with other federal appeals courts that ruled in favor of the states. Aaron Katersky, ABC News, New York.

4) On Wall Street, stocks ending mixed after trading up for much of the day. Concerns over the global economic impact from the coronavirus driving further declines. The Dow losing 123 points. You’re listening to ABC News.

…………………………………………..

I’m Maria Bartiromo and this is the Fox Business Report.

The major averages closing mixed with the Dow and S&P 500 suffering their fifth straight session of loses. The Dow giving up bigger gains as investors continued to assess the economic impact of the coronavirus. The Dow winners today; 3M, Apple and Microsoft. The Dow decliners; Disney, Chevron and American Express. The Dow closing down 124 points, losing nearly 7% so far this week. The NASDAQ up 15, S&P 500 down 12. // And not a good day on Wall Street for the Mouse House, shares of Disney closing down 3.5% after the media giant’s surprise move to replace top boss Bob Iger raised questions on Wall Street if his successor Bob Chapek had enough experience in the entertainment business. // And shares of home improvement retailer Lowe’s closing down 4% after reporting weaker-than-expected sales for its fourth quarter. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

AFN News February 20

AFN NEWS

Friday, February 20, 2020　

1) From ABC News, I’m Dave Packer. The last Democratic debate tonight before the Nevada caucuses. That’s for the first time joining Democrats on stage. Former New York City mayor Michael Bloomberg. Other candidates like former vice president Joe Biden are ready to respond. “The truth is he’s basically been a Republican in his whole life. The fact of the matter is he has, he didn’t endorse Barack or me when we ran.” ABC’s Alex Stone is there. “Bloomberg could take fire at a number of issues. One will be his self-funding campaign. Sanders and Buttigieg are attacking Bloomberg for what they claim his paying-his-way into tonight’s debate. Warren is calling Bloomberg an egomaniac billionaire but also an issue is braced. “Stop and frisk” in New York and comments Bloomberg has made about the LGBTQ community, all of those could be fair game tonight.

2) Meanwhile, President Trump set to speak to supporters in Bakersfield, California today. “To be short, Vicky Young says the President is not perfect. ‘I don’t like his tweet’, or just about everything else. She is right there with him. ‘Values, school, education. I like that he loves our farmers.’ And now so what she hopes to hear from the President. ‘I’m hoping he’s gonna tell me he is absolutely going to be reelected 100%.’ Greg Naft, ABC News, Bakersfield, California.

3) The President granting a slew of pardons and clemency. Former Illinois governor Rod Blagojevich set free from a federal lockup. In a 20-minute long stay outside of his home, former Illinois governor Rod Blagojevich said the President didn’t have to commute his sentence. “President Trump is a man who’s tough and outspoken, but he also has a kind heart.” He also used some Trump terminology when discussing his own political battles. “I wouldn’t allow that swamp in Springfield and my fellow Democrats down there, who just wanted to raise taxes on the working people to raise their taxes.” The convicted governor said if he is allowed to, he would vote for Trump this fall. Ryan Burrow, ABC News, Chicago.

4) Wall Street, the Dow up 115 points the day, the NASDAQ gained 84. You’re listening to ABC News.

…………………………………………..

I’m Maria Bartiromo and this is the Fox Business Report.

On Wall Street, the major averages closing higher with the NASDAQ and S&P 500 notching new record highs on easing coronavirus fears and strong economic data. The Dow winners; Apple, UnitedHealth, and Disney. The Dow decliners; Walmart, Travelers and IBM. The Dow rising 116 points, the NASDAQ up 84 for its 16th record close of the year. The S&P 500 up 16. // Shares of Groupon tanking today, down 43%. The online coupon company reporting weak fourth quarter earnings and set it a plan to shut down part of its business that sells merchandise and detailed plans for a reverse-stock split. // And shares of Garmin rising close to 7% after the maker of GPS and fitness devices reported quarterly earnings and revenue beating Wall Street estimate. Its stock hitting its 10-year high. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

AFN News February 17

AFN NEWS

Monday, February 17, 2020　

1) From ABC News, I’m Dave Packer. Senator Bernie Sanders getting the most votes in New Hampshire, but former mayor Pete Buttigieg still close behind that he took away the same number of delegates. Both are now tied at 9. “Buttigieg making the case for a new generation of leadership. ‘Putting forward a new perceptive is how Democrats win the White House and we will win the White House.’ And it’s surprised the third-place finisher. ‘We have beaten the odds every step of the way.’ Fueled by her strong debate performance, Senator Amy Klobuchar vaulting into the top tier.” ABC’s Mary Bruce in Manchester. And still with zero delegates, former vice president Joe Biden hoping that South Carolina voters will propel him into the front of the pack.

2) Roger Stone getting more lenient sentence recommendation from Attorney General William Barr after President Trump tweeted that the sentence against his friend is too harsh. The President today placing the blame squarely on the prosecutors assigned to Stone’s crack case and the Mueller investigation. “I am not concerned about anything. They ought to go back to school and learn, because I tell you what, the way they treated people. Nobody should be treated like that.” Four prosecutors who were assigned to Stone’s case have resigned after Barr overrode their sentencing recommendation after the President’s tweet.

3) After being turned away at several seaports due to coronavirus fears, Cambodia has allowed the cruise ship and its stranded passengers to dock there. Christina Kerby is one of the 1400 passengers on the Westerdam cruise liner. “For me, it’s not the vacation that I expected, but it’s been a life changing experience.” The Westerdam had been turned away from Thailand, Japan, Taiwan, the Philippines and Guam. The crew said the ship has no sick passengers.

4) Meanwhile, here at home the 13th case of the deadly strain of the coronavirus now diagnosed officially. It’s now known as Covid-19. Over 2,000 new cases in the last 24 hours along with 97 new deaths, all of those in China. You’re listening to ABC News.

…………………………………………..

I’m Maria Bartiromo and this is the Fox Business Report. On Wall Street, another trifecta of record closes with the major averages hitting new record highs, as investors shrug off concerns about the economic impact of the coronavirus and focus on mostly upbeat corporate earnings results. Among the gainers today; tech with chipmakers leading the way and energy companies as the price of oil rose. Among the laggards; utilities and real estate companies. The Dow winners; Apple, UnitedHealth and Caterpillar. The Dow decliners; Merck, Johnson and Johnson, and Proctor & Gamble. The Dow rising 275oints, the NASDAQ up 87, S&P 500 up 22. With the stock closing up nearly 1% after Credit Suisse raised its price target on Boeing stocks to $367 a share from 321. The new target is about 8% higher than recent trading levels. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.