AFN News September 30

 

AFN NEWS

Thursday, September 30, 2020

                                            

1)    From ABC News, I’m Daria Albinger. President Biden’s met with Democratic leaders with part of his agenda hanging in the balance on a possible government shutdown looming.  “And Democrats passed all their spending bills before Thursday night’s government shutdown deadline.  ‘We’ll see,’; the president’s press secretary Jen Psaki describing negotiations with Mr. Biden’s, ‘We’re obviously at a precarious, and important time in these discussions.’  The president still talking with two reluctant Democratic senators.  Andy Field, ABC News, Washington.”

2)    A group of Senate Republicans says it shows the Democrats are not maintaining control, South Dakota Senator John Thune; “I think what you’re seeing as a result of that unified control of the government by the Democrats is a crisis incompetence.”  But Democrats say raising the debt ceiling would pay for expenses from the previous administration.

                                           

3)    General Frank McKenzie told the House Armed Services Committee that former President Trump’s deal with the Taliban to withdraw all US troops from Afghanistan can be linked to the collapse of that nation’s government.  The head of Central Command joined by Defense Secretary Lloyd Austin and the joint chiefs of staff chair General Mark Milley at the hearing.

 

4)    An urgent health advisory from the CDC regarding pregnant women in COVID-19.  “Startling numbers from the CDC on pregnant women contracting COVID-19 since the pandemic began; there’ve been more than 125,000 cases of COVID in expected mums in the US, including more than 22,000 hospitalized and 161 deaths.  And low vaccination rates may be the reason; just 31% of pregnant women have been vaccinated, Asian mums to be the highest number, pregnant black women are the least vaccinated.  The CDC urging all pregnant women to get their shots to prevent serious illness, death or pregnancy complications.  Derricke Dennis, ABC News.”

                   

5)      And New Hampshire state troopers escorted state workers attending the meeting on at Saint Anselm College to their cars after anti-vax protesters descended on campus.  You’re listening to ABC News.

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

“Stocks ended mixed after rising bond yields triggered the biggest decline in months on Wall Street on Tuesday.  The Dow rising 91 points, the Nasdaq down 34, S&P 500 up 7. // And shares of discount retailer Dollar Tree popped over 16% after the discount retailer announced that it is increasing its stock buybacks and testing out higher prices at some locations. // And shares of eyewear maker Warby Parker made their Wall Street debut in the direct listing rather than an initial public offering.  Warby shares closed 35% higher from a reference price of $40 a share. // And home improvement retailer Rose is launching a new discount for first responders to thank them further service from October 22nd through 24th.  Eligible first responders can save 10% on select items at stores nationwide and also online.

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

 

 

AFN News September 23

AFN NEWS

Thursday, September 23, 2021

1) From ABC News, I’m Daria Albinger. An advisory panel to the CDC grappled with the question of who should get COVID 19 booster shots and when. It adjourned without a decision. The FDA could make its own decision as soon as tomorrow. President Biden also focusing today on vaccine. President Biden at a virtual summit on global vaccination effort said that government alone cannot tackle this urgent crisis. “We’ve asked our nongovernmental partners to take up the call for new actions that will solve the core challenges of making vaccines available to everyone, everywhere, solving the oxygen availability crisis, financing health security, and more. And I’m grateful.” The President says now is the time to quote “go big in order to get people vaccinated and defeat the virus.” Karen Travers ABC News at the White House.

2) Florida Department of Health will allow parents to decide whether their child will quarantine or stay in school if they’re exposed to COVID 19. “Quarantining healthy students is incredibly damaging for their educational advancement. It’s also incredibly disrupted,” Governor Ron DeSantis.

3)Time is running out for congress to pass a short-time spending bill which will prevent the government from shutting down. White House Press Secretary Jen Psaki says they are planned just in case. “They’re always working on contingency plans but our focus is on preventing it from happening.” Government will run out of money by the end of the month which is next week unless the bill is passed. Bipartisan police reform task ended without agreements after months of negotiations

4) The Federal Reserve will wind down its unusual economic support in the coming month. As reopening continues, bottleneck is hiring difficulties and other constraints could again prove to be greater and longer lasting than anticipated posing upside risk to inflation. Chair Jerome Powell says Central Bank also move up plans to consider interest rates hike from 2023 to next year. You’re listening to ABC News.

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

Stocks are rallying after the Federal Reserve’s latest policy decision. The central bank says it would be keeping its interest rates unchanged to near zero present and is moving up its timetable for a potential rate hike to 2022 from 2023 as the economy and inflation pick up. Fed officials also signaled but they are almost ready to taper the bond buying purchases. // And Facebook stock is dropping after an executive with the social media companies said the privacy changes from Apple continued to impact advertisers. // And FedEx shares are tumbling after the delivery giant spent additional $450 million due to problems of attracting workers in this latest quarter which in turn contributed to it with an 11% drop in profit. FedEx also lowered its outlook for the year due to a tight labor market and higher expenses.

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

                                                       

AFN News September 16

AFN NEWS

Thursday, September 16, 2021

1) From ABC News, I’m Chuck Sivertsen. President Biden announcing a new Indo-Pacific Security Alliance between the U.S., Britain and Australia for greater joint defense capabilities starting with sharing nuclear-powered submarine technology with Australia. “Although Australia, the U.K. and U.S. partnership, AUKUS - it sounds strange with all these acronyms, but it’s a good one, AUKUS - our nations will update and enhance our shared ability to take on the threats of the 21st century just as we did in 20th century together.” The new security alliance is likely to be seen as a provocative move by China.

2) The Pentagon not commenting on a book quoting the Joint Chief’s Chair General Mark Milley reassuring China that the then President Trump wouldn’t launch an attack after losing the election. “Pentagon spokesperson John Kirby now reporting the confirmed US General and China reported conversation about a possible conflict at the end of President Trump’s administration but saying it wouldn’t be unusual that General Mark Milley weighed in. ‘He is the prime military adviser to the President and this would be a military decision of profound proportion.’ Former President Trump calling the reported General Milley China reassurance called treason. Milly hasn’t commented. Andy Field ABC News Washington.”

3) Moderna releasing data showing its COVID vaccine needs a booster after six months. Company president Stephen Hoge says although the vaccine is still effective, “There is still gonna be warning immunity, and so while we are overseeing right now in a phase of the Delta surge, just higher efficiency and perhaps a little bit higher durability. That’s not permanent. We’re now gonna be defy gravity forever.” This Friday government adviser has set to debate safety and effectiveness of a Pfizer booster.

4) US capitol police say they’ve asked the Defense Department for DC National Guard personal for security on Saturday during a planned protest and support of the January 6th insurrectionists.

5) Energy and technology companies helped lift stocks on Wall Street broadly higher. You’re listening to ABC News.

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

Stocks ending in the green after reasonable losses. The major averages have slipped in September with some investors worried the markets were right for correction after marching higher for much of the year. The Dow rising 237 points, the Nasdaq up 124, S&P 500 up 38. // And Microsoft stocks dipping in record territory and rising nearly 2% after the software giant announced an 11% dividend hike, raising its quarterly payout 62 cents a share from 56 cents as well as announcing its $60 billion stock buyback program. // And Switzerland-based On Holding debuted to cheers on the New York stock exchange during its Wall Street debut. Shares of athletic footwear company backed by tennis star Roger Federer surged 46 % from its initial public offering price of $24.

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

AFN News September 9

 ABC NEWS   SEPTEMBER 9, 2021 

1)    From ABC news, I am Daria Albinger.  The Pentagon sent a team of healthcare professionals to Idaho, where vaccination rates are low and COVID-19 cases are skyrocketing.  Shawn Rayne is chief of Ada County Paramedics, says they are getting over a hundred calls a day; “I feel they’re are working harder than they’ve ever worked before.  You know, they are seeing more patients on a daily basis.  They’re working harder.” 

President Biden will outline a six-pronged plan to combat the delta variant in his speech to the nation tomorrow.

2)    A Florida judge deals a setback to Governor Ron DeSantis’s ban on school mask mandates. “A judge in Leon County said Wednesday that Florida cannot enforce its ban on mask mandates, while an appeals court sorts out challenges to the law.  Circuit Court Judge John C. Cooper said that there is overwhelming evidence before him that wearing masks does provide protection against COVID-19 for kids in crowded schools especially, since there’s no vaccine available for kids under 12.  This means the mask mandate provision is on hold as the case works its way through the courts.  It could make its way all the way to the state’s supreme court.  Mark Remillard, ABC News.”

3)    Eleven more deaths in Louisiana bring the death toll from Hurricane Ida and its remnants to 82 in 8 states. 

Tropical storm warnings are in effect for part of the Florida Panhandle with Mindy expected to bring heavy rain and gusty wind to the region tonight. 

4)    The White House isn’t stopping evacuation flights from leaving Afghanistan, but it’s preventing some planes from landing on US bases.  “The US says there’s a problem with some Americans still in Afghanistan.  They may be on planes with Afghans who are not allowed on US bases when they land.  ‘How to keep people on our military bases safe, while also getting these US citizens, dual citizens, people who are prepared to leave Afghanistan, are able to leave.’  Spokesperson Jen Psaki saying the US will only allow properly vetted people to land the US bases.  Andy Field, ABC News, Washington.”

5)    Stocks closed lower on a report from the Fed that the economy slowed this summer.  You’re listening to ABC News.

 

6-1)   I am Charles Payne, and this is the Fox Business report.

“Stocks finished lower as investors continued to worry over the elevated number of COVID-19 cases and uncertainty over when the Federal Reserve will begin to dial back monetary support.  The Dow falling 69 points, the Nasdaq down 88, S&P 500 down 6.

6-2)  And shares of meme sensation stock GameStop fell in the extended session after the videogame retailer reported second quarter results that beat revenue estimates, but fell short on earnings.  GameStop also announced that it has entered into a lease of a new 500 square foot fulfilment center in Reno, Nevada, as well as a lease of a new customer care center in Pembroke Pines, Florida.

6-3)  And Wingstop will be adding thighs to its menu, following the success of the launch of its virtual brand Thighstop, which will still be made available on its delivery platform DoorDash. 

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

 

AFN News September 2

ABC NEWS   SEPTEMBER 2, 2021 

1)      From ABC news, I am Daria Albinger.  A chapter in the nation’s opioid crisis has been closed.    A pharmaceutical giant, many say, with the center of it, has learned today that its $10 billion bankruptcy reorganization plan has been approved; “With the judge’s approval, Purdue Pharma will cease to exist; its asserts transferred to a new public benefit cooperation that’s task with combatting in opioids epidemic.  The company’s been accused of accelerating through aggressive and misleading marketing of Oxycontin.  The plan includes a contribution of roughly $4.5 billion from members of the Sackler families, even though they have denied wrong-doing or liability in exchange their immune from opioids lawsuits and admit no wrong-doing in a crisis that has afflicted hundreds of thousands of Americans.  Aaron Katersky, ABC News, New York.”

2)       The Louisiana is beginning to recover from Hurricane Ida.  “We start to see the lights come back on, in some places.”  Governor John Bel Edwards says more than 11,000 homes and businesses had power restored today, but a million in Louisiana and Mississippi are still without power.  Edwards also says gas and diesel are in short supply. 

3)       Praise for US service members who helped evacuate more than 120,000 people from Afghanistan over the last two weeks.  “The Pentagon’s saying that even though the troops are out, the challenge isn’t over; ‘Continue our counter terrorism efforts, continue our military efforts to protect the American people for the next 20 years’; Joint Chief of Staff Chairman General Mark Milley saying the US is able and ready to attack terror groups inside Afghanistan by air.  Andy Field, ABC News, Washington.”

4)       A student is dead and another is on the run after a school shooting in Mount Tabor, North Carolina.  Winston-Salem Police say the suspect has not yet been apprehended.  It was the second school shooting this week in the state.

5)            Stocks closed mixed, the Dow down slightly, the S&P 500 unchanged, and the Nasdaq at a new high.  You’re listening to ABC News.

6-1)   I am Charles Payne, and this is the Fox Business report.

“Stocks kicking off the first day of trading of the month, mixed on weaker than expected private payrolls data, but the Nasdaq notched a new record close its 33rd for the year.  The Dow falling 48 points, the Nasdaq up 50, S&P 500 up a point.  The private sector added 374,000 jobs in August, well below estimates.  The broader jobs report from the Labor Department comes out on Friday.

6-2)    And Amazon stock finished slightly higher.  The e-commerce giant said it’s looking to hire about 55,000 people globally among its corporate and technology ranks including 40,000 in the US during a recruiting event this month.  Amazon is continuing a hiring spree that began at the start of the pandemic.

6-3)    And shares of Workhorse tumbled 7%, following news that financial regulators have opened an investigation into the electric delivery truck company.

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