AFN News October 14

ABC NEWS   OCTOBER 14, 2021

1)        From ABC news, I am Daria Albinger.  With the holiday shopping and shipping season just around the corner, President Biden is announcing some big changes to e-supply chain problems, and to get goods where they need to go.  “Not only will the port of Los Angeles now work around the clock unloading shipments; ‘Our nation’s largest retailer is committing to go all in on moving its product 24/7 from the ports to the stores nationwide.’  President Biden announcing that Walmart, Target and shippers UPS and FedEx will work extra shifts and add workers to break the supply chain bottle-necks, hurting companies and raising prices.  Andy Field, ABC News, Washington.”

2)        A decision is expected from the FDA in a matter of weeks on whether it will grant emergency use authorization for Pfizer’s COVID-19 vaccine for use in 5-11-year-olds.  Surgeon General Vivek Murthy today is White House covid response team briefing; “We could hear decisions from both agencies, FDA and CDC by early November, and we will be ready to implement their recommendations as soon as we hear them.”  Pfizer is offering a lower dose of its two-shot vaccine for kids.

3)        Regulators are also hoping that more Americans will shake the salt habit.  The FDA is suggesting a voluntary reduction in sodium intake in foods that we prepare in those made by food service businesses.  White House spokesman Jen Psaki; “On average, Americans consume 50% more sodium than recommended, which is liked to high blood pressure and increased risk of heart disease and stroke, and we believe that today’s action will lead to 12% reduction in average sodium intake over the next 2 and a half years.”  The average sodium intake is about 3400 mg a day; the new guideline for those 14 and older to keep it to 2300 mg or less.

5)        Going where few men or women for that matter have gone before, actor William Shatner best known for playing Captain James T Kirk of Star Trek, took a ride to the Age of Space on a Blue Origin rocket.  You’re listening to ABC News.

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

      “Stocks finished mixed with the Nasdaq and S&P 500 snapping a 3-session losing streak as investors digested earnings results and inflation data.  The consumer price index was 5.4% in the year ending in September, a slightly faster pace in expected as labor shortages and supply chain snarls kept prices high.  The Dow falling less than a percent, the Nasdaq up 106 points, S&P 500 up 13.

6-2)  And shares of JP Morgan Chase tumbled nearly 3% despite reporting earnings and revenue that exceeded Wall Street estimates.  The Wall Street bank benefited from the release of over $2 billion of loan-loss reserves that will build up to ride out after pandemic.  

6-3)  And shares of Apple ended slightly lower following reports that the tech giant will cut iPhone 13 production to up to 10 million units amid a shortage of components from chip suppliers, Broadcom and Texas instruments.

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

AFN News October 7

 

ABC NEWS   OCTOBER 7, 2021 

1)        From ABC news, I am Daria Albinger.  They’ll have a deal at least for now.  Multiple Senators and aides are telling ABC News Democratic members intend to take Minority Leader Mitch McConnell up on his offer to raise the debt limit into December, but Hawaii’s Mazie Hirono wasn’t impressed; “Why should we accept any part of a BS offer?”  Oklahoma Republican Jim Inhofe is putting his face on the minority leader, “I think Mitch McConnell did the right thing by making the statement that he is going to encourage us to, for the first time stand strong.”  The Treasury Department says the nation will no longer be able to pay its bills if Congress doesn’t act before October 18th.

2)        It will soon be easier to get enough at-home COVID-19 tests.  “That means we will have available supply of 200 million rapid at-home tests per month starting in December with supply of tens of millions of additional tests coming on the market across the next few weeks”; White House corona virus response coordinator Jeff Zients.

3)        Los Angeles is enacting one of the country’s toughest vaccine mandates.  “Entering indoor restaurant, bar, gym, shopping center, entertainment venue or personal care like a barber shop or nail salon will require proof of full covid vaccination beginning in November.  Already LA’s mayor he said he will sign the ordinance into law.  It’s unclear which department will enforce a law.  Violations will range from $1,000 to 5,000.  Alex Stone, ABC News, Los Angeles.”

4)        The cleanup continues along southern California beaches affected by a huge leak of oil spills.  “We have upwards of 350 personnel on the beaches cleaning up, and at this point California residents can be assured that we’re utilizing as many resources as we can to protect our wildlife”; Coastguard Lieutenant Christian Corbo.

5)        Police in Arlington, Texas, say an 18-year-old student is in custody in connection with the school shooting which left 4 injured.  You’re listening to ABC News.

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

“Stocks staging a comeback in a final hour of trading after a morning selloff.  Stock trading has been choppy lately as investors have grappled with soaring energy prices and general shift higher in government bond yields.  The Dow rising 103 points, the Nasdaq up 68, S&P 500 up 18.

6-2)  And shares of American Airlines and JetBlue fell after analyst of Goldman Sachs downgraded both of their ratings due to concerns about fuel cost and slowdown in economic growth.

6-3)  And Bank of America, the second largest bank in the US, is raising its minimum hourly wage in the US to 21 bucks.  The firm has already pledged to increase pay to $25 an hour by 2025. 

6-4)  And Kroger going on a holiday hiring spree, and will be recruiting 20,000 associates for the holiday season.  Kroger’s hiring event slated for October 13th and will include interviews on-site and virtually.

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

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.