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.          

AFN News June 3

 

AFN NEWS

Thursday, June 3, 2021

1) From ABC News, I’m Chuck Sivertsen. July 4th is his goal for a national month of action, so Americans soon cerebrate what the nation’s Chief Executive calls a summer of freedom. President Biden continuing his nonstop push to get 70% of the U.S. vaccinated in the next month. “Twelve states have    already reached this important milestone. We expect more to make this milestone this week.” But six states, most in the South and the West, have fewer than half of all those vaccinated. Andy Field, ABC News, Washington.

2) The nation’s largest mass transit agency revealed that its New York’s Metropolitan Transportation  Authority was breached in April. At the same time, hackers linked to China hit five federal agencies. The latest on the world’s largest meat processing company after weekend’s cyberattack. “JBS plants   beginning to announce their coming back on line. JBS plants in Green Bay, Wisconsin said it had a four-hour delay in production, similar situation in Greeley, Colorado, Grand Island, Nebraska, are posting they are back to normal. Cactus, Texas says it had a brief delay. Marshalltown, Iowa is reporting pork production will resume on Thursday. Alex Stone, ABC News.

3) More details about a shootout in Enterprise, Florida last night between sheriff’s deputies and a 12-year-old boy and a 14-year-old girl, who the sheriff’s department says ran away from a group home and broke into a house. Sheriffs Mike Chitwood says the kids armed themselves with the home owner’s guns. The girl was wounded. “I believe in my heart she is still alive today because of the first treatment she received from the deputies. Obviously, she   received a great help in a hospital care but those deputies reacted as quickly as they could, hopefully it saved her life.” Both children are charged with   attempted first-degree murder and armed burglary.

4) His opponents announced that they have reached a deal to form a new governing coalition paving the way for the ouster of a long time Israeli Prime Minister Benjamin Netanyahu. You’re listening to ABC News.

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I’m Gerri Willis, and this is the Fox Business Report.

Stocks finished slightly higher as investors appeared to weigh a May report of the labor market due at the end of the week. The Dow rising 25 points, the Nasdaq up 20, S&P 500 up 6. // And so-called Meme stocks were in the spotlight with AMC Entertainment leading the charge. The stocks were halted several times and surged over 100%. Additionally, AMC said there was a reward on loyalty of individual investor by giving them special perks at its theaters. // And another Meme stock Bed Bath & Beyond popped over 60%. The company said that it’s ahead of the schedule and launching its private labor plans. // And pot stocks rose after ecommerce giant Amazon effectively endorsed the sector by saying it will support the federal legalization of marijuana and will no longer screen prospective workers for any positions not regulated by the Department of Transportation.

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

AFN News May 27

AFN NEWS

Thursday, May 27, 2021 

1) [Investigators] in San Jose, California are looking into this morning’s deadly shooting at a mass transit facility. Eight people were killed. The suspect opened fire at the Santa Clara Valley Transportation Authority light railyard is dead. Santa Clara Sheriff Department Spokesman Russell Davis says the suspect was a VTA employee. “We actually had an explosives dog on scene, which detected some type of explosive material at the crime scene itself. At that point, we activated the sheriff’s office bomb squad, who is currently on scene and render any kind of suspicious packaging safe at that point.” ABC’s Kaylee Hartung says a house fire is also linked to the suspect. “We come to learn that that house, that was on fire. It was a house of Samuel Cassidy. That’s the same man who authorities believe took his own life after killing eight employees of the Valley Transportation Authority here this morning. So, authorities believe that man set his own house on fire before he drove less than ten miles to get here and carried on this deadly rampage.” President Biden is ordering flags to half-staff the fifth time he has done since taking office.

 2) The President wants another three-month investigation into the origins of COVID-19. “The Biden Administration defending against Republican claims that the President has made a U-turn on if COVID came from a Chinese lab.” We have been saying that for a very long time, that China needed to provide more access to the lab, cooperate more fully. “Spokesperson Karine Jean-Pierre saying it may be impossible to know the exact COVID origin if China doesn’t let inspectors look into directors and the lab. Andy Field, ABC News, Washington.”

3) Police in Aurora, Colorado say a road rage incident left a driver in critical condition. The suspect is in custody. 

4) Going away from Memorial Day? The Triple A (AAA) is predicting more than 37 million will travel over the long holiday weekend. That’s up 60% from last year. The busiest day for drivers will be tomorrow, Friday for air travelers. You’re listening to ABC News.

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

Stocks finished higher as investors continue to monitor the economic recovery and rising inflation. And it was a historical day for the Dow Jones Industrial Average marking the 125th anniversary of the index which made a state view on May the 26th, 1896. The Dow rising 11 points, the Nasdaq up 81, S&P 500 up 8. And shares of Dick’s Sporting Goods topped over 16% after reporting a surge in first quarter sales in solid earnings as team sports returned. Investor piled into shares of Zscalar after the provider cloud-based security software posted better than expected quarterly results. Its shares rose 12%. And housing market is in need for home for sale and Toll Brothers are reaping the benefits. Its stocks jumped 4% after the home builder reported record contracts in the second quarter that exceeded analysts’ estimates.

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

AFN News May 20

AFN NEWS

Thursday, May 20, 2021

1) From ABC News, I’m Daria Albinger. The House is preparing to vote whether to create a 9/11-style Commission to look into the January 6th attack on the Capitol. New York Republican John Katko will vote for it. “I urge all of you in this body, all of you on both sides, not just my side or not just your side, all of us to set aside politics JUST THIS ONCE. Just this once. I beg you, and pass this bill.” But a growing number of GOP say they won’t. Maryland Democratic Congressman Jamie Raskin made an impassioned plea to House lawmakers to approve the bipartisan independent commission to examine the Capitol insurrection. “We must do honor to future generations of Americans to find out exactly what happened and why and how to stop it in the future.” But in the show of loyalty to former President Trump, some Republicans like Oklahoma Congressman Tom Cole say the commission should look into political violence beyond January 6th. “After all, the event of January 6th did not occur in a vacuum.” __ ABC News, Washington.

2) The top U.S. general in the Middle East says he’s closely monitoring the conflict between Israel and Hamas in case it widens into Lebanon. “Although it looks like there haven’t been any significant attacks from Lebanon that could change. I hope that the status quo remains and that does not occur.” Gen. Frank McKenzie says so far, the conflict has not affected the planned U.S. troops drawdown in Afghanistan.

3) The CDC directory says mask mandates are local matters especially in the community with low vaccination rates. “We have really encouraged that the policies of mask wearing be locally driven, and the reason for that is because every community, every county has different rates of disease and different rates of vaccination.” Doctor Rochelle Walensky speaking today to the Senate panel.

4) Stocks pulled back for the third day in a row. The Dow down more than 160 points. The price of bitcoin and other cryptocurrencies, fell sharply. You’re listening to ABC News.

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

Stocks paring from bigger losses, and still falling for a third straight session as the declining cryptocurrencies and the fears over inflation weighed on investors. Federal Reserve officials at their April meeting said they’re closely watching economic development after a stronger-than-expected surge of inflation last month and will be ready to shift policy if necessary. The Dow falling 165 points, the Nasdaq down 4, S&P 500 down 12. // Shares of Target rose over 6% to a record high after delivering a blockbuster quarterly report with revenue surging 23% and apparel sales rising more than 60%. And Lowe’s said its comparable store sales rose 26% for a recent quarter as people continue to buy home improvement items, one of the biggest product category winners during the pandemic. However, Lowe’s shares fell 1%.

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