AFN News September 10

 

AFN NEWS

Thursday, September 10, 2020

1) From ABC News, I’m Daria Albinger. Early in the COVID-19 pandemic, President Trump told the nation the virus was no worse than the seasonal flue, while a new book says he was saying something very different in private. Reporter Bob Woodward recorded the President last February saying he was downplaying the COVID threat and realized it was far more deadly than a flu despite publicly saying it wasn’t. His reason; “We don’t want to instill panic. We don’t want to jump up and down and start shouting that we have a problem.” In fact, the President referred to criticism of his handling of the virus as a hoax and slowed to order social distancing. Andy Field, ABC News, Washington.

 

2) Democratic nominee Joe Biden waded in from the campaign trail in Warren, Michigan, “He had the information, he knew how dangerous it was. And while this deadly disease ripped through our nation, he failed to do his job on purpose.” Woodward’s book entitled “Rage” is based on 18 interviews with the President. ABC News has obtained a copy of a whistleblower complaint which claims the White House sought to censor or manipulate intelligence for political purposes. The complaint which was filed by Brian Murphy, the former chief of intelligence for the Department of Homeland Security, says it was a case when it came to the Russian election interference, threat of white supremacist groups and statistics about terrorists crossing southern border.

 

3) There are dozens of wildfires that are burning across the Pacific northwest. Oregon Governor Kate Brown says they’re moving dangerously fast. “We expect to see a great deal of loss both in structures and in human lives. This could be the greatest loss of human lives and properties due to wildfire in our state history.” Evacuations are underway near Chico and Paradise in northern California where the Bear Fire has more back to rash. You’re listening to ABC News.

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I’m Liz Claman and this is the Fox Business Report.

Stocks finishing higher, snapping a three-day selloff, driving Nasdaq into a collection at the fastest pace in history. The Dow rising 440 points, the Nasdaq up 294, S&P 500 up 67. // and TikTok, Chinese parent ByteDance is discussing with the U.S. government a possible arrangement that would allow the popular video-sharing app to avoid a full scale of the U.S. operations, according to the Wall Street Journal. // And J.C.Penney was receiving possible lifeline with the straggling department store chain, reaching a tentative deal to sells its business and stores to a group of mall owners and lenders in a move that would save the retailer from liquidation. The company disclosing during a bankruptcy hearing that it had struck the deal with Simon Property Group and Brookfield Property Partners in the group of bankruptcy lenders. The deal was expected to save more than 600 stores and 70,000 jobs.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

AFN News September 3,

AFN NEWS

Thursday, September 3, 2020

1) From ABC News, I’m Daria Albingwaher.

It wasn’t an historic day today on Wall Street. The Dow closed above 29,000 for the first time since the start of the pandemic. The Nasdaq called it a day about 12,000 for the first time ever, and the S&P 500 closed at an all-time high. Art Hogan at National Securities explaining why. “You know, at the very least, the really bad news is getting less bad and market tends to appreciate that.” But economists caution what happens on Wall Street isn’t always an indication of what’s going on in Washington. “By the end of the year, the amount of debt the U.S. owes will be just shy of 100 % of the nation’s gross domestic products. That is the highest level since the end of World War II. The reason; Congress spent trillions and didn’t have to make sure millions of pandemics. Furloughed Americans could even pay their rents. The Federal debt likely to balloon again with another round of congressional COVID stimulus money this fall, and no plan to pay it down.” ABC’s Andy Field in Washington.

2) House Speaker Nancy Pelosi’s blowout at a San Francisco salon is generating a lot of heat. It was a violation of California’s COVID-19 restrictions. “When they said, ‘We’re able to accommodate people one person at a time,’ and that we can set up that time, I trusted that. As it turns out, it was a setup.” And Nancy Pelosi wasn’t wearing a mask at the time.

4) World War II ended 75 years ago today. President Trump travelling to North Carolina to mark the event. “These brave Americans raced into the fires of hell to vanquish tyranny, dethrone fascism and defend the American way of life. You’ve earned the eternal and undying gratitude of all Americans, and that’s why I am here today.” And then he designated Wilmington as the first U.S. World War II heritage city. 

5) Democratic presidential nominee Joe Biden will head to Kenosha, Wisconsin tomorrow. He’s going to meet with the family of Jacob Blake while he is there. You’re listening to ABC News.

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I’m Liz Claman and this is the Fox Business Report.

The major averages closing sharply higher with the NASDAQ and S&P 500 notching new record closes, following the report. The CDC is telling states to prepare for a coronavirus vaccine by November. The Dow rising 455 points and crossing the 29,000 mark for the first time since February. The NASDAQ up 117, S&P 500 up 54. // And United Airlines is slashing over 16,000 jobs when federal aid runs out this fall. Those in voluntary cuts, many of them furloughed, mean that staffers could be called back if the demand returns. // And it just hasn’t stopped in the sky, job cuts on the rail. U.S. passenger railroad Amtrak will furlough more than 2,000 workers as a result of the steep decline in travel demand from the pandemic. Amtrak says that ridership and revenue levels were down 95% year over year since the outbreak began.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

AFN News August 27

 

AFN NEWS

Thursday, August 27, 2020

- Ichizuka – 

1)    From ABC News, I’m Daria Albinger. The senior vice President of the Milwaukee Bucks tweeting some things are bigger than basketball. The NBA team boycotting their playoff game today against the Orlando Magic in protest of the shooting of a Black man by police officers in Kenosha, Wisconsin. Not long afterward came the Milwaukee Bucks decided to boycott Game 5 with the Orlando Magic to protest a police shooting of Jacob Blake of Kenosha, Wisconsin. Sources to ABC’s partner ESPN said the Houston Rockets Game 5 against the Oklahoma City Thunder also being boycotted by the players. Bucks guard George Hill tells ESPN we are tired of the killings and the injustice. ABC’s Chuck Sivertsen.

2)    A curfew takes effect in two hours from now in Kenosha after three nights of unrest. U.S. marshals and the FBI have been deployed to help state and local authorities as state governor activating the National Guard. Major General Paul Knapp, “We are working diligently to provide additional assistance and we’re committed to meeting all of the requests that we received from civil authorities.” Authorities say a White 17-year old from Illinois has been arrested accused of shooting three protesters last night, two fatally.

3)    Hurricane Laura is now Category 4 storm, just hours from the Gulf Coast. The State of Texas is sending two C-130 cargo planes to Port Arthur to pick up anyone who’s decided at the last minute to evacuate. Some who normally wait out the storms at home know how uncomfortably that can be. “Services, shops, stores, food is gonna be shut down, so it doesn’t make much sense to stay.” Laura forecast brings what the National Hurricane Center calls unsurvivable storm surge. Jim Ryan, ABC News, Lake Charles, Louisiana.

4)    “America’s Heroes” is the theme of this third night of the Republican National Convention, Vice President Pence will give the keynote address, in which he’ll accepts the party’s nomination.

5)    Stocks closed higher today. The S&P 500 at another record. You are listening to ABC News.

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 I’m Liz Claman and this is the Fox Business Report. 

Stocks ending higher on upbeat economic data, falling coronavirus cases and vaccine hopes. The S&P 500 and Nasdaq rising to new fresh highs with the most consecutive record closes this year. Upbeat earnings keeping investors focused on momentum stocks with tech companies leading the charge while real estate companies lagged. The Dow rising 83 points, the Nasdaq up 199, S&P 500 up 35. // And Salesforce which has set to enter the Dow on Monday was a big winner on Wall Street. Its shares rallying nearly 26%. The company delivering a blowout quarter and raised its annual revenue forecast to the high demand for its online software. // And Moderna stocks popping 6% after the biotech firm said its potential coronavirus vaccine generated promising results in elderly patients in a small early stage clinical trial.

That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.

 

 

AFN News August 20

 

ABC NEWS  AUGUST 20, 2020

                      1)              From ABC News, I am Daria Albinger.  And we have a breaking news out of the White House, where President Trump has just made an announcement at the news briefing; “The United States intends to restore virtually all of the previously suspended United Nations sanctions on Iran.  It’s a snapback, not uncommon.”  He says it’s a process that the US will make in the demand for the United Nations.

 2)               Democratic presidential nominee Joe Biden addressing a key group of voters; “Latinos across the country hold extraordinary power to win this election and shape a better future.”  Biden speaking to the Hispanic caucus a day before he officially accepts his party’s nomination, on the last night of the Democratic national convention.

   The theme of this third night is a more perfect union among the speakers; Hillary Clinton, Elizabeth Warren, Nancy Pelosi and President Obama, who is expected to deliver a direct assault on his successor.  The final speaker of the evening will be vice presidential nominee Kamala Harris. 

 3)              Federal health officials are predicting that a rollout of a new rapid saliva-based test and others like it will make screening for COVID-19 much easier to do and and much more wide-spread.  Illinois Governor JB Pritzker says ‘the sooner the better’.  His state is one of seven where the virus is still increasing; “The University of Illinois has just today received emergency use authorization from the Food and Drug Administration to run the saliva-based COVID-19 test at the University of Illinois Urbana-Champaign Lab.”  Inadequate testing is one of the reasons that Florida’s teachers union, the largest one in the state, is suing Governor Ron DeSantis as it’s hoping to force him to pivot to online learning to start school year.

 4)              Thousands are evacuating in the San Francisco Bay area as wildfires continue to burn.  A helicopter involved in the firefighting operations crashed near the New Coalinga Municipal Airport.  You’re listening to ABC News.

  5-1)   I’m Liz Claman, and this is the Fox Business report.

   “Stocks finishing lower after minutes of the Federal Reserve July policy meeting were released, which showed that the Central Bank lowered its estimates for economic growth over the second half of the year.  The Dow falling 85 points, the Nasdaq down 64, S&P 500 down 14. 

 5-2)   And Apple stock making history in an intraday trading on Wall Street.  The tech titan is the first US company to hit $2 trillion in market capitalization.  The milestone comes just two years after Apple became the FIRST US company to top 1 trillion.  This year alone shares of Apple have surged nearly 60%, and was one of the stocks leading the market off of(=from) its coronavirus lows.

 5-3)    Target shares soaring over 12% after posting the strongest quarterly growth in its history including a near tripling of digital sales.  Customers stocking up unessentials, while taking advantage of same-day service options amid the pandemic.

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

AFN News August 13

 

ABC NEWS  AUGUST 13, 2020

1)          From ABC News, I am Dave Packer.  In their first joint appearance as the presumptive Democratic ticket, Joe Biden said his choice for running mate was the best one; “Picked the right person to join me as the next vice president of the United States of America, and that’s Senator Kamala Harris!”  Harris making her first remark, says with the presumptive DP nominee; “Joe, I am so proud to stand with you.  And I do so mindful of all the heroic and ambitious women before me.”

2)           Meanwhile today President Trump and Vice President Mike Pence assembled to gathering of select parents, students and teachers on the reopening of schools during the corona virus pandemic.  President Trump wants to see school districts opened for the fall preferably in-person; “Virtual is not as good as being there.  Virtual is just not the same thing, and for a long time, we’ve been hearing how great it would be, how great it would be.  We’ve always had the ultimate sample right, namely the whole country practically, and it’s not as good.”

3)           This as in Georgia, more than a thousand students and dozens of staffers under a two-week quarantine across several schools in one’s county district there.  “There’s about 60 positive cases here in Cherokee County and reports have more than half of all schools including here, at Etowah High School, they are closed this morning because of those 1100 quarantine.  Now cases are confirmed at 22 of Cherokee’s 38 schools.  And that number could increase because they’re still weighing on test results, and put that 1100 number quarantine in the perspective, there are 30,000 students back in schools district wide and here at Etowah, schools are going to be off today.  There are going to be in the school cleaning.  Students report back for the online tomorrow.  They hope it gets back on campus here for those students on Monday 31.”  ABC’s Steve Gilbuck.

4)           In Baltimore, authorities say 2 people died and 7 others were injured in Monday’s explosion in the West Baltimore neighborhood.  Three homes destroyed, others damaged within a 3-block radius, a man and a woman were killed by the blast, the cause of which at this hour still remains under investigation.  You’re listening to ABC News.

5-1)   I’m Liz Claman, and this is the Fox Business report.

   “Stocks rallying with the S&P 500 closing just shy of its record high notch back in February on encouraging coronavirus vaccine news.  Shares of major tech companies were among the gainers, with Microsoft and Apple leading the charge, while financials dragged.  The Dow rising 290 points, the Nasdaq up 229, S&P 500 up 47. 

5-2)   And Lyft posting a loss of over $437 million for its April through June quarter, as the coronavirus caused fewer people to use its ride-hailing service.  Its number back to riders declining 60%.  However the company said their rides were up for July compared to April. 

5-3)   And Uber CEO warns that the company’s ride-hailing service could shut down in California until November, if Uber loses its appeal of a judge’s ruling requiring drivers to be classified as employees instead of contractors.

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