AFN News May 13

AFN NEWS”

Thursday, May 13, 2021 

1) From ABC News, I’m Daria Albinger. Need to fill your car? You may be out of luck, especially if you live in the Southeast, East or mid-Atlantic states, a lot of stations are closed with the Colonial Pipeline. A major supplier to the region shut down for days, but President Biden says that may not be the case for much longer. “I think you’re gonna hear some good news in the next 24 hours, and I think we’ll be getting that under control.” Colonial says it began the process to resume operations on the pipeline about an hour ago.

2) The CDC signing off on the FDA’s decision to allow 12-to-15-year-olds to get Covid-19 vaccine. “At the CDC, the motion passes. That’s a step allowing 12-to-15-year-old Americans to get a Pfizer vaccine. Moderna and Johnson & Johnson likely to follow soon. The White House saying the government will make it easier for those pre and early teens to get their first shots at home and the second somewhere else if they are away to camp. Andy Field, ABC News, Washington.”

3) The White House says President Biden is still hoping to broker peace deal to end the latest fighting between Israel and Hamas. Dozens are dead in the worst outbreak since 2014 war with no resolution in fight.

4) The FAA is headed to the scene of a midair collision in Colorado. The two planes hit in midair about four miles north of Centennial Airport in Arapahoe County. One pilot of a Key Lime Air twine-engine plane reporting any at the problem, the audio from LiveATC.net. “Tower, Key Lime 970 declaring an emergency.” Once on the ground it was clear a huge chunk of the back of that plane is missing apparently taken out in the midair collision with a small Cirrus plane that was seen falling from the sky with a parachute out. Incredibly nobody was injured. Everybody walked away fine. Alex Stone, ABC News.”

5) Wall Street on track for its worst week in six months. A surprising jump in inflation last month, since stocks into a tailspin with the Dow falling more than 600 points. You’re listening to ABC News.

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

Stocks ended sharply lower on inflation concerns after fresh data showed the sharp increasing consumer prices for April, which rose 4.2% year over year, marking the biggest annual increase in nearly 13 years while prices rose 8/10 of a percent from the previous month. The report has investors weighing the possibility that the Fed may have to change course for interest rates. The Dow falling 682 points for one of its worst days since last October, the Nasdaq falling 358, S&P 500 down 89. // And share of Domino’s Pizza ended slightly higher after activist investor Bill Ackman’s hedge fund Pershing Square revealed a 6% stake in the pizza chain. // And shares of bankrupt Hertz Global Holdings surged 55% after the car-rental company unveiled a plan to help it exit Chapter-11 that would benefit shareholders.

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

                                                       

AFN News May 6

 AFN NEWS

Thursday, May 6, 2021

 

1) From ABC News, I’m Daria Albinger. The Biden Administration says it’s behind the change in patent policy when it comes to Covid-19 vaccines. ABC’s Mark Remillard says it’s doing so hoping to hasten the end of the pandemic. “US Trade Representative Katherine Tai in a statement says the Biden Administration supports waiving patent protections for Covid-19 vaccines in order to allow companies around the world to produce doses. Tai says she is working on negotiations at the World Trade Organization to make that happen. Even if an agreement is reached, the Biden Administration will still likely need to ask the companies to share their technology. Pharma companies say they’re concerned about the precedent if this would be set. If Covid-19 is worth waiving patent, why not other life-threatening diseases? Mark Remillard, ABC News.” A trade group which represents several vaccine makers including Johnson & Johnson, Pfizer and AstraZeneca says the Biden plan is a mistake.

2) The President serving up reasons to support a newly launched Restaurant Revitalization Fund. “Right now, only about a quarter of the restaurant owners are expected to return to normal operations within the next six months. We can do much better than that.” And the fund will provide more than $28 billion in direct relief to restaurants that were impacted because of the pandemic. //   

A federal judge has ruled that the CDC exceeded its authority when it imposed federal eviction moratorium. The Justice Department says they will appeal.

3) Life in prison for two American teenagers convicted in the 2019 slaying of a police officer at a drug sting gone awry. Finnegan Elder and Gabriel Natale Hjorth say they mistook a plain-clothed police officer for a gang member that Elder fatally stabbed the officer and Hjorth had a knife. “There were other people that made some really bad decisions as well. And had those other bad decisions not been made again, Cerciello Rega would be here today, had the carabinieri simply followed protocols for an undercover operation,” Elder family attorney, Craig Peters. You’re listening to ABC News.

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I’m Connell McShane. This is the Fox Business Report.

Stocks finished mixed, the Dow ending at an all-time high and the Nasdaq hosting its longest losing streaks since mid-October. The Dow rising 97 points, the Nasdaq down 51, S&P 500 up 3. // And Uber business continued to recover in the first quarter as pandemic restrictions eased and the sale of its self-driving unit helped produced the smallest quarterly loss in its history as a public company. Uber’s results beating earnings and revenue expectations with its gross bookings rising 24% year over year and all-time high with ride volumes improving and its delivery business skill on a tear. // And PayPal soared a record amount of volume flow through its platform in the first quarter as the ecommerce wave continued even amid the gradual reopening of the economy. Shares of PayPal spiking after-hours, after the company topped expectations with its latest results and raised its full-year outlook.

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

AFN News April 29

AFN NEWS

Thursday, April 29, 2021

 

1) From ABC News, I’m Daria Albinger. The feds executed search warrant at the home of former President Trump’s personal attorney. “Federal prosecutors here in New York wanted to search Rudy Giuliani’s home and office last fall, but a former official briefed on the case told ABC news the Trump Justice Department denied their request. Then Deputy Attorney General Jeffrey Rosen rejected the search warrant because the request came within 60 days of the presidential election. The Justice Department generally tries to avoid politically sensitive move close to an election. But we were told prosecutors asked again after the election and were denied the second time. Approval only came after the change in administrations. Aaron Katersky, ABC News, New York.”

2) In about three hours from now, President Biden will address the joint session of Congress and 100 days in here. He is expected to declare that the US is turning peril into possibility, crisis into opportunity. ABC’s political director Rick Klein. “It’s a critical moment, a chance to communicate directly to American people and at the critical time [stumbling] in fighting COVID-19 just around the opportunity to put that in the past and then to start to talk about his massive reorganization of a social agenda that we were talking about from President Biden.” No matter what the President says, the address will be historic because for the first time two women will be seated behind Mr. Biden; Vice President Kamala Harris and House Speaker Nancy Pelosi. 

3) A federal grand jury charged three Georgia men with hate crimes and attempted kidnapping in the death of Ahmaud Arbery.

4) The fed is staying put on interest rates. “The sectors of the economy most adversely affected by the pandemic remain weak but have shown improvement. While the recovery has progressed more quickly than generally expected, it remains uneven and far from complete.” Chair Jerome Powell says the economy needs a little more time to recover.

5) CDC Director Dr. rochelle walensky says the sense of impending doom about COVID 19 has shifted to being cautiously optimistic with cases coming down. You’re listening to ABC News.

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

Stocks finished mixed ahead of a flood of earnings reports from tech heavyweights as investors weighed the conclusion of the Federal Reserve policy meeting on Wednesday. The Dow rising 3 points, the Nasdaq down 49, S&P 500 down a point. // And Microsoft stock’s moving lower in the extended session despite the software giant posting earnings and revenue. They came in stronger than analysts had expected. The company notched its biggest revenue growth since 2018 due in part to gains in PC sales resulting from pandemic shortage last year. The company said its Azure cloud unit that competes with market leader Amazon web services grew 50%. // And shares of Alphabet, parent company of search engine giant Google, are surging after hours, after beating Wall Street forecast for earnings and revenue. Google search division was the biggest breadwinner again with $32 billion in sales.

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

AFN News April 22

AFN NEWS

Thursday, April 22, 2021

1) From ABC News, I’m Chuck Sivertsen. “It will happen by the end of today,” says President Biden. The US will hit his goal of getting 200 million COVID shots in New Orleans on his 92nd day in office. Now the focus, ABC’s Karen Travers in Washington. “President Biden today calling on every employer in the US to offer full pay to their employees for any time off needed to get vaccinated. “No working American should lose a single dollar from their paycheck because they chose to fulfill their patriotic duty of getting vaccinated.” The Biden Administration announcing a paid leave tax credit to offset cost for businesses that have fewer than 500 employees.” CDC reports say average count of people getting their first COVID shots started dropping nine days ago.

2) President’s been briefed on one of the latest police shootings this morning. Columbus, Ohio, the 16-year-old girl was shot to death. City leader says a 9-1-1 call came in about someone trying to stab somebody. Shots were fired, with bodycam footage. Interim Police Chief Michael Woods says the Ohio Bureau of Criminal Investigation has the case. “The important step now is for BCI to conduct an independent and transparent investigation. The Columbus Division of Police will assist them but we will not interfere in any investigative process that they have.”

3) Justice Department announcing it will investigate the practices of the Minneapolis Police Department. ABC’s Aaron Katersky. “In the statement, Minneapolis Police Chief Medaria Arradondo said he welcomes the investigation and pledged full cooperation, as the Justice Department decides whether the department uses excessive force or engages in discriminatory conduct. The chief who testified for the prosecution in the trail of Derek Chauvin said he wants to make Minneapolis police the best department possible after it was left reeling by the killing of George Floyd.

4) A North Carolina deputy shot and killed a Black man while executing a search warrant today. __ some people’s house, demanding answers. Officials say they’ll get them. There is an investigation. You’re listening to ABC News.

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I’m Connell McShane. This is the Fox Business Report.

The major averages rebounded after two straight days of declines as investors continue to pass earning results. The Dow rising 316 points, the Nasdaq up 164, S&P 500 up 38. // And after the closing bell, Chipotle Mexican Grill delivered financial results blowing past Wall Street expectations for its first quarter. Ongoing strength for its online orders and a tailwind from stimulus checks helped push its sales more than 20% higher. Chipotle is expecting same store sales growth as high 30% in the 2nd quarter. // And Lam Research reported record quarterly results which show proof that chipmakers are spending more to build out their capacity amid the global semiconductor shortage. // And Ford is planning more downtime at five North American factories due to the semiconductor shortage, further disrupting output of the F-150 pickup truck, the company’s biggest money maker.

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

 

AFN News April 15

 AFN NEWS

Thursday, April 15, 2021 

1) From ABC News, I’m Daria Albinger. A nationwide pause of the Johnson & Johnson COVID-19 vaccine will last a bit longer. A panel looking into a rare but potentially dangerous side effect, a blood clot associated with a shot, says they want more data. Arkansas Secretary of Health Jose Romero, “We will not have to arrive at a vote today or a recommendation today, and if we need more information and if we need more time to think about this, we can reconvene later this week. Perhaps we can.” The panel will try to meet again in a week to ten days from now.

2) President Biden says the U.S. troops will be out of Afghanistan by September 11th. “President Biden knows critics say it’s not the right time to pull troops out of Afghanistan. His response, ‘We have to change that thinking. American troops shouldn’t be used as a bargaining chip between warring parties in other countries.’ The President promising those troops will start coming home next month. The last will leave by next September 11th, the 20th anniversary of the attack. Andy Field, ABC News, Washington.” Republican Senator Lindsey Graham doesn’t trust the Taliban. “Never forget the enemy. It takes two to end the war, folks. They’re not close to quitting.” About 7,000 NATO troops will also leave.

3) The Mayor of Brooklyn Center, Minnesota Mike Elliott is asking that any protest tonight over the death of Daunte Wright be peaceful. “We are going to strive to ensure the safety of our residents and our staff including our public safety officers, and we are working to safeguard our businesses and other gathering places from damage.” Kim Potter, the former police officer, who shot and killed Wright during the traffic stop has been charged with the second-degree manslaughter.

4) The trial of former Minnesota police officer Derek Chauvin resumes tomorrow morning. Today a forensic pathologist, witness for the defense, testified George Floyd died from a cardiac disturbance caused by heart disease. You’re listening to ABC News.

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

Stocks finished mixed with the S&P 500 notching another record close and the Nasdaq jumping as tech stocks climbed as bond yields fell. Shares of Johnson & Johnson dragged the Dow lower as the U.S. health regulators recommended a pause in using a single dose COVID-19 vaccine. Travel stocks including airline cruise operators and hotel fell due to the J&J news. The Dow falling 68 points, the Nasdaq up 146, S&P 500 up 14. And NVIDIA stocks rose 3%, heading a 52-week high as analysts hiked price targets, and applauded the chip maker’s plan to branch out into its rivals’ territory. And Apple, one of the Dow gainers, its stock rising over 2% after the tech Titan announced that it plans to hold an event on April the 20th. Apple did not specify on the website what the event will cover, but according to MacRumors, the event could potentially showcase new iPad Pro devices.

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