AFN News July 8

AFN NEWS

Thursday, July 8, 2021

 

1) From ABC News, I’m Daria Albinger. President Biden calls Human Infrastructure the second critical half of his domestic agenda. And today he went to Illinois looking for support for a bill, he says, will improve it. “The President telling Illinois families other countries wonder why. ‘We are one of the few major economies in the world that doesn’t cover paid family medical leave.’ President Biden wants billions to change that and an American family plan that may have to pass for the Democrats only reconciliation bill. “No one should have to choose between a job and a paycheck and taking care of someone you love.’ Andy Field, ABC News, Washington.” 

2) At least 46 deaths are now blamed on the collapse of a condominium building in Surfside, Florida. Ten more bodies have been pulled from the debris, nearly 100 are unaccounted for. The city’s Mayor Charles Burkett says it will take time to determine what brought the building down. “I’m slightly afraid we cannot find that the construction design they used 40-50 years ago might be flawed.” Improved weather conditions today allowed crews to work more quickly.

3) Tropical storm watchers and warnings are in effect from Georgia to Massachusetts with tropical storm Elsa moving over the Jacksonville, Florida area.

4) A state of emergency in Haiti after the nation’s president was assassinated. Haiti’s interim prime minister Claude Joseph saying he and the council of ministers decided to declare quote ‘state of siege onf the whole territory.’ Joseph is also asking the population to keep calm and calling on the country to be one in condemning president’s assassination, adding quote ‘President Jovenel Moise will not die without getting justice. You can kill him. You can kill President Jovenel Moise but he will not kill his ideas’ end quote. __ __ ABC News at the foreign desk.

5) Dubai state media says a fire on a container ship in one of the world’s largest ports is under control.

6) Stocks closed higher today. You’re listening to ABC News.

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

The S&P 500 and the Nasdaq closing at all-time highs of 15 points and one point respectively. The record finishes coming after minutes released from the Federal Reserve June meeting show policy makers debated slowing down the bond buying spree triggered by the pandemic but no decision appears to be imminent. The Dow also finished on top gaining 104. Higher gas prices during the summer travel season are nothing new but experts say drivers should prepare to pay even more, GasBuddy head of petroleum analysist Patrick de Hann telling Fox Business he expects prices will rise another 5 to 15 cents per gallon by the end of the month. The CDC is appealing a ruling that the government COVID-19 restrictions on the cruise line industry were excessive. The agency initially grounded all cruises in March of 2020 but allowed ships to sail again in October under a four-part phased approach known as conditional sailing order. A judge overturned the order after Florida governor Ron DeSantis sued the CDC.

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

AFN News July 1

AFN NEWS

Thursday, July 1, 2021

1) From ABC News, I’m Daria Albinger. Bill Cosby’s home with sexual assault conviction overturned. The actor and comedian’s attorney Jennifer Bonjean, “Thankfully, they thought the way that we thought, where we always believed full, fully, that he never should have been prosecuted because there was an agreement made. He relied on that agreement, and you can’t have a system where prosecutors don’t hold up to their words.” Pennsylvania’s highest court said the decision not to charge Cosby by prosecutors in 2005 should have prevented him from being charged by different prosecutors years later. “He is a sociopath. He is a serial rapist.” Victoria Valentino tells ABC news she is disturbed because Cosby gets to go free. “My stomach is lurching and I am deeply distressed about being justice of the whole thing.” She claims Cosby drugged and raped her in 1969 but Cosby’s former TV wife is celebrating his release. Phylicia Rashad tweeting quoted a terrible wrong is being righted. A miscarriage of justice is corrected. Jason Nathanson, ABC News, Hollywood.

2) A new game plan for the NCAA (NC double A) has announced college athletes can get paid off endorsements.

3) The House votes to create a Select Committee to look into a January 6th attack on the Capitol. Maryland Democrat Steny Hoyer. “The American people are still demanding answers and accountability and they deserve both. They want to know that steps are been taken to understand what happened and take measures to ensure that it never happens again.” Republicans say the committee will be too bipartisan.

4) Sources tell ABC News Manhattan D.A. could file charges as soon as tomorrow against former president Trump’s company.

5) At least 16 people are dead nearly a week after the partial collapse of a high-rise condominium in Surfside, Florida. One hundred forty-seven people are still unaccounted for and the authorities say the rescue mission will continue.

6) The Dow closed up more than 200 points, the Nasdaq off about 20. You’re listening to ABC News.

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

Stocks ended mixed with the S&P 500 notching 5th straight record close on the last trading day of the month and the first half of the year. The Major Averages were powered by economic recovery that many investors believe it’s still gathering steam. The Dow rising 210 points, the Nasdaq down 24, S&P 500 up 6. // And the private sector of the U.S. added 692,000 jobs in June, and dropped from the previous month but still above economists’ estimate, according to the latest ADP National Employment report. Economists survey by the Wall Street Journal are expecting strong June employment report from the labor department on Friday. // LegalZoom made its Wall Street debut with shares hopping 35% from its initial public offering price of $28. LegalZoom provides legal and compliance services and operates across all 50 states.

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

AFN News June 24

AFN NEWS

Thursday, June 24, 2021

 

1) From ABC News, I’m Daria Albinger. President Biden is explaining how his Administration will take aim at gun violence with homicide hits on the rise. His comprehensive strategy targets law-breaking gun dealers, “If you willfully fail to run a background check, if you willfully falsify a record, if you willfully fail to cooperate with the tracing requests to inspections, my message to you is this. We will find you and we’ll seek your license to sell guns. It also provides federal resources to police departments and allows communities to repurpose federal COVID-19 relief funding, programs which prevent gun violence.

2) Vice President Kamala Harris will travel to El Paso, Texas Friday along with Homeland Security Secretary Alejandro Mayorkas. White House Press Secretary Jen Psaki says they will be waiting for the appropriate time, “We're at this point, in part, because we've made a great deal of progress, and if you look just to a couple of months ago when 6,000 children were in border patrol facilities, we're now at the point where there's far less than 1,000.” Former President Trump will also visit the southern border next week.

3) A new warning is coming from the FDA about the risk of a heart condition which may be associated with COVID-19 vaccine. “The warning for pertaining healthcare providers, vaccine recipients and caregivers according to the FDA and will likely include statement __ __ but sometimes serious cases of myocarditis in some recipients of Pfizer or Moderna COVID-19 vaccine. This comes after an emergency hearing by the CDC Vaccine Advisory Panel to discuss higher than expected cases of myocarditis in young adults recently vaccinated. The panel’s Chair said Wednesday there’s an update that suggests a likely association between the cases and mRNA vaccine. Mark Remillard, ABC News.

4) Antivirus software pioneer John McAfee has been found dead in a Spanish prison.

5) Singer Britney Spears asked the judge to end the conservatorship that controlled her life and money since 2008. 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 Nasdaq notching another record close as investors continue with assets rising inflation and its impact on the economic recovery. The Dow falling 71 points, the Nasdaq up 18, for another record close, S&P 500 down 5. // Antivirus software entrepreneur John McAfee has died by an apparent suicide in a Spanish jail cell. Hours after the report surfaced that he will be extradited to the U.S. to face criminal tax evasion charges according to local media. The eccentric tech tycoon who developed McAfee antivirus software was arrested in Spain in October for allegedly failing to pay taxes on years of income. McAfee was 75. // And Southwest Airline’s longtime Chief Executive Officer Gary Kelly is stepping down next year. He will pass the CEO baton to Senior Executive Bob Jordan next February.

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

 

                                                       

AFN News 06-17

AFN NEWS

Thursday, June 17, 2021

 

1) From ABC News, I’m Chuck Sivertsen. President Biden is on his way back to Washington after a three-hour summit with Russian President Vladimir Putin. ABC’s Karen Traverse in Geneva. “Cyber security was a big topic in the wake of recent ransomware attacks, the Administration says, originated in Russia. Putin today taking no responsibility but President Biden saying he drew a firm line. Asked later what he would do if Putin ignore that, the President issuing the threat, ‘I pointed out to him we have significant cyber capability, and he knows it.’ Karen Traverse, ABC News, traveling with the President in Geneva.” Through a translator, President Putin held his own news conference after the summit. “Although there was a candid and open conversation, and there were no personal or diplomatic deviations from the topic set out to address.” Putin says they agreed to return the American ambassador to Moscow and the Russian ambassador to Washington. They were pulled during recent tense relations.

2) The Justice Department moving a drop its Trump-era civil lawsuit against former National Security Advisor John Bolton that sought to seize all his proceeds from Bolton’s recent memoir, also, dropped separate criminal investigation in whether Bolton illegally mishandled classified information by publishing the book.

3) The latest on the cost of living and the cost of burrowing. “Federal Reserve policymakers increased their forecast for inflation this year as prices rise in many parts of the economy. But Fed Chairman Jerome Powell says higher prices will likely only be temporary. ‘If you look behind the headline numbers, you’ll see that the incoming data are consistent with the view that the prices that are driving higher inflation come from the categories that are being directly affected by the recovery from the pandemic and the reopening of the economy.’ The Fed signals interest rates could rise by the end of 2023. That’s earlier than its previous forecast. Elizabeth Schulze, ABC News, Washington.”

4) It was a down day on Wall Street. You’re listening to ABC News.

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

Stocks fell and bond yields rose after Federal Reserve officials signaled. They may start easing their massive measures to jump start the economy earlier than expected as the economy recovers from the pandemic as an inflation heats up. The Dow falling 266 points, the Nasdaq down 33, S&P 500 down 23. // And General Motors shares rose 1.5% after the automaker said it would increase spending on electric autonomous vehicles to $35 billion through 2025. This spending will reportedly include two additional U.S. battery plants. // And Amazon Fresh is opening a grocery store in Bellevue, Washington on Thursday. That will offer customers a chance to grab and go without standing on line at a checkout lane. The company says walkout technology will allow shoppers to place things on their carts and leave the store without a stop at a cash register.

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

                                                       

AFN News June 10

 

AFN NEWS

Thursday, June 10, 2021 

1) From ABC News, I’m Daria Albinger. First stop on President Biden’s European trip to the U.K. First item of business, a talk to the U.S. troops. President Biden told the U.S. service members he is meeting face to face with Russian President Vladimir Putin next Wednesday in Geneva. “Let him know what I want him to know.” The President said the U.S. wants quote “stable, predictable relationship with Russia.” But he issued the warning. “The United States will respond in a robust and meaningful way if the Russian government engages in harmful activities.” Karen Travers, ABC News traveling with the President in Cornwall, England. Karen is the only network radio correspondent traveling with the President.

2) Sources tell ABC News the White House will buy another half billion doses of Pfizer’s COVID-19 vaccine for distribution to lower income countries. National Security Advisor Jake Sullivan, “The G7 will make a combined announcement on this issue, and it won’t simply be about vaccines though vaccines will be a part of it, but it will be a comprehensive plan to help end this pandemic as rapidly as possible.” Two hundred million doses will be delivered this year to the global vaccine program COVAX, another 300 million in early 2022.

3) A watchdog report says park police did not clear Lafayette Park and nearby protestors last June, so former President Trump could walk to the St. John’s Church. Inspector General of Interior Mark Greenblatt. “We did not find evidence that a potential presidential visit to the park or the St. John’s Church influenced the park police’s decision making, or their deployment, you know, in their operation to clear out the park.” The former president says the report exonerates him of any accusations he’d ordered aggressive tactics to remove protestors.

4) TC energy has terminated the Keystone XL pipeline project. President Biden told the problem earlier this year over environmental concerns. You’re listening to ABC News.

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

Stocks closing its session low as investors weighed the May inflation readings which comes out on Thursday. The Dow falling 153 points, the Nasdaq down 13, S&P 500 down 8. // And meme stocks mania continued with retail investors focusing their attention on Clean Energy Fuels this time, pushing the stocks up more than 31%. // And the king of meme stock GameStop is attempting to turn around its business by shifting from a brick-and-mortar focus to becoming an online player, and announced that it has appointed former Amazon executive Matt Furlong as its new CEO. // And Campbell Soup stocks tumbled over 6% after the package food maker’s latest earnings report disappointed investors. The company cut its full year forecast and said it expects higher cost to hurt margin even with price hikes planned for later this year.

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