AFN News September 17

 

AFN NEWS

Thursday, September 17, 2020

 

1) From ABC News, I’m Chuck Sivertsen. Downgraded, but still a very dangerous tropical storm, Sally, in eastern Alabama and western Georgia was life-threatening, flooding in the Florida Panhandle and southern Alabama as well. Someone in Florida dealing with this. Many people who did not follow orders to evacuate, Escambia County Public Safety Director Jason Rogers, “As of 2:30 today, water rescue operations between the city and the county we have rescued 377 people from water-stricken areas.” Two hundred Florida National Guard members will be arriving tomorrow. Mobile, Alabama has implemented a city-wide curfew effected in about an hour.

 

2) President Trump again saying the U.S. is close to getting a COVID-19 vaccine. “We’re on track to deliver and distribute the vaccine in a very, very safe and effective manner. We think we can stock sometime in October.” CDC Director Robert Redfield telling a Senate panel something different. “If you ask me when it’s gonna be generally available to the American public, so we can begin to take advantage of vaccine to get back to our regular life, I think we’re probably looking at third, late second quarter, third quarter 2021.” Redfield also stressing that face masks are the single most important public health tool available.

 

3) Many areas of California still have schools and gyms closed but that could change soon as the state is announcing that the rate of spread has dropped dramatically in recent weeks. Only a few weeks ago, the positivity rate here was in the 8% range and now we’re looking at 3.6%. That is a huge drop, and it means counties like Orange County have been told that they can open up schools and gyms, and the places now restrictions released. Governor Gavin Newsom saying we are turning the corner on this rise in number. ABC’s Alex Stone.

 

4) On Wall Street, the Dow gained but the broader S&T, Nasdaq closed lower. You’re listening to ABC News.

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

Stocks finishing mixed after the Central Bank decided to keep short term interest rates unchanged and indicated they could remain near zero through 2023, said Chair Jerome Powell. “We now indicate that we expect it will be appropriate to maintain the current zero to 0.25% target range for the federal funds rates until labor market conditions have reached the levels consistent with the committee’s assessments of maximum employment.” The Dow rising 37 points, the NASDAQ down 140, S&P 500 down 16. // And shares of Eastman Kodak surged over 36% after a report by a law firm hired by the former photography giant said there was no evidence of insider trading by managements or major Kodak shareholders, ahead of the announcement of the potential $765 million government loan for a new drug ingredient business.

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

 

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.”