AFN News September 24

 

AFN NEWS

Thursday, September 24, 2020

1) From ABC News, I’m Daria Albinger. Police in Louisville, Kentucky, are telling protestors downtown to disperse. “__ state law this unlawful assembly, and we commend all personas __.” Demonstrators have been underway for hours after officials announced grand jury decision not to indict police officers on charges directly related to the death of Breonna Taylor. The only charges three counts of wanton engagement against fired officer Brett Hankison for shooting into a neighbor’s apartment. Protestor Mary Fray says she’s discouraged, “In my heart it doesn’t feel like there is any justice for Breonna, not because they’ve never brought up any murder charges. There are those two officers, they’re still on paid Medicare and I believe nothing is being brought up against them.” Mayor Greg Fisher says an internal police review is still underway. “LMPD is conducting a professional standard unit investigation to determine if any policies or procedures were violated by officers involved in the case. The chief of police will use that report to determine if any officers need further training or discipline.” A county-wide curfew will take effect 9:00 p.m.

 

2) Some made the trip from several states away and many waited in a line for hours. Mourners filing passed the casket of justice Ruth Bader Ginsburg lying in repose on the marvel steps of the Supreme Court. President Trump explaining why he wants Ginsburg’s successor confirmed before Election Day. In the White House cabinet room, “It’s very important that we have nine justices.” President Trump meaning state attorney’s general discussing law and order and voting rules, and his unproven claim. There will be widespread mailing voter fraud. “I think this will end up in the Supreme Court.” If it does, the post-election fights see who won could drag into December as it did in the case of Bush-vs-Gore. Andy Field, ABC News, Washington.  

 

3) Missouri Governor Mike Parson, a Republican who has refused to enact a mask mandate, is tested positive for COVID-19. You’re listening to ABC News.

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

Stocks ending sharply lower amid like a progress in Washington over additional pandemic aid and researching coronavirus cases. Big tech companies are among the laggers, dragging NASDAQ further into correction territory. The Dow falling 525 points, the Nasdaq up 331, S&P 500 down 79. // And Tesla’s Big Battery Day event didn’t give its investors much of the charge with its stocks falling 10%. CEO Elon Musk manufacturing production updates, but appears to be a few years out. // And Larid Superfood jumping out of the gate for its Wall Street debut. Its IPO was priced around 22 bucks a share with a stock closing up over 77%. // And GoodRx Holdings followed its prescription for strong initial public offerings. Shares of the prescription drug pricing app jumped more than 50% from the $33 IPO price.

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

 

 

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.”

AFN News August 13

 

ABC NEWS  AUGUST 13, 2020

1)          From ABC News, I am Dave Packer.  In their first joint appearance as the presumptive Democratic ticket, Joe Biden said his choice for running mate was the best one; “Picked the right person to join me as the next vice president of the United States of America, and that’s Senator Kamala Harris!”  Harris making her first remark, says with the presumptive DP nominee; “Joe, I am so proud to stand with you.  And I do so mindful of all the heroic and ambitious women before me.”

2)           Meanwhile today President Trump and Vice President Mike Pence assembled to gathering of select parents, students and teachers on the reopening of schools during the corona virus pandemic.  President Trump wants to see school districts opened for the fall preferably in-person; “Virtual is not as good as being there.  Virtual is just not the same thing, and for a long time, we’ve been hearing how great it would be, how great it would be.  We’ve always had the ultimate sample right, namely the whole country practically, and it’s not as good.”

3)           This as in Georgia, more than a thousand students and dozens of staffers under a two-week quarantine across several schools in one’s county district there.  “There’s about 60 positive cases here in Cherokee County and reports have more than half of all schools including here, at Etowah High School, they are closed this morning because of those 1100 quarantine.  Now cases are confirmed at 22 of Cherokee’s 38 schools.  And that number could increase because they’re still weighing on test results, and put that 1100 number quarantine in the perspective, there are 30,000 students back in schools district wide and here at Etowah, schools are going to be off today.  There are going to be in the school cleaning.  Students report back for the online tomorrow.  They hope it gets back on campus here for those students on Monday 31.”  ABC’s Steve Gilbuck.

4)           In Baltimore, authorities say 2 people died and 7 others were injured in Monday’s explosion in the West Baltimore neighborhood.  Three homes destroyed, others damaged within a 3-block radius, a man and a woman were killed by the blast, the cause of which at this hour still remains under investigation.  You’re listening to ABC News.

5-1)   I’m Liz Claman, and this is the Fox Business report.

   “Stocks rallying with the S&P 500 closing just shy of its record high notch back in February on encouraging coronavirus vaccine news.  Shares of major tech companies were among the gainers, with Microsoft and Apple leading the charge, while financials dragged.  The Dow rising 290 points, the Nasdaq up 229, S&P 500 up 47. 

5-2)   And Lyft posting a loss of over $437 million for its April through June quarter, as the coronavirus caused fewer people to use its ride-hailing service.  Its number back to riders declining 60%.  However the company said their rides were up for July compared to April. 

5-3)   And Uber CEO warns that the company’s ride-hailing service could shut down in California until November, if Uber loses its appeal of a judge’s ruling requiring drivers to be classified as employees instead of contractors.

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

AFN News August 6

 

ABC NEWS  AUGUST 6, 2020         

1)          From ABC News, I am Daria Albinger.  COVID-19 deaths are on the rise in 32 states with the most populous, nearly setting a daily record.  ABC’s Alex Stone is in Los Angeles; “In the past 24 hours here in California, 202 more people were reported to have died from COVID-19, and over 5,000 new cases were reported.  Cases of positivity rate and hospitalizations have been declining, but the state is now warning that may be a false trend because they are having an issue with case reporting they may not actually be going down.”

2)          Virginia launching a smartphone app to trace the spread of the virus.  Governor Ralph Northam says COVID Wise tells users if they’ve been in contact with someone who’s tested positive; “This can really help us catch new cases early before they spread as far.  You get that alert, you can get a test, and then you can quarantine yourself.” 

3)           Florida setting a new benchmark, surpassing 500,000 cases.

4)           The death toll from tropical storm Isaias has risen to 9.  Hundreds of thousands along the east coast are still without power.

5)           President Trump is still criticizing Nevada’s mail-in ballot ruling.  State officials are hitting back.  “President’s suing to try and stop Nevada from expanding its mail-in balloting.  He insists that would invite massive voter fraud; “No verification of the signature or who’s gonna sign it.”  And Nevada election official says that’s not true, telling ABC News the state will indeed continue verifying every mail-in ballot signature, matching it to an already-signed voter registration card.  Andy Field, ABC News, Washington.” 

6)           The State Department says at least one American is among the 135 dead in yesterday’s massive explosion in Beirut.  Secretary of State Mike Pompeo; “We stand ready to assist the government of Lebanon, and it’s, as it grapples with this horrible tragedy.”  Several Americans are also among the at least 5,000 injured at the blast that nearly leveled the city’s port.   You’re listening to ABC News.           

7-1)   I’m Liz Claman, and this is the Fox Business report.

   “Stocks finishing higher with the Nasdaq notching yet another record close, strong corporate earnings results and upbeat service sector data outweighing a dismal private jobs report.  With the Dow rising 373 points, the Nasdaq up 57 in another record close, S&P 500 up 21.

7-2)    And shares of Zynga are surging in the extended session after the mobile-gaming company released an earnings report that proved once again that home-bound Americans are binging on digital games.  Zynga delivering a strong quarter with revenue improving 47% to 452 million from a year ago. 

7-3)    And Johnson and Johnson stock closing up slightly higher after the company reached a more than $1 billion deal with the US government to supply 100 million doses of its experimental COVID-19 vaccine for use in the States once it gets regulatory approval.   

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

AFN News July 23

 

ABC NEWS  JULY 23, 2020

1)          From ABC News, I am Daria Albinger.  President Trump is holding his second COVID-19 briefing in as many days after a break that lasted months.  It started today with an update on a vaccine; “My administration reached a historical agreement with Pfizer to produce and deliver 100 million doses of their vaccine immediately following its approval.” And the White House says that could be as soon as December. 

 2)          Meanwhile a new state takes the lead with the most COVID-19 cases in the United States.  “Twelve thousand eight hundred seven new confirmed cases of COVID-19 in California in the past 24 hours.  That’s a highest daily increase ever in the state, and in the past day, 115 more people died from COVID-19 in California.  Governor Gavin Newsom; ‘It’s just another reminder, if I need to remind anybody of the magnitude of impact that this virus continues to have.’  And while part of the rise in cases here is due to more testing, the 7-day positivity rate is also up today, showing it’s not only because of more testing.  Alex Stone, ABC News, Los Angeles.”

3)           A few more states are moving to require masks in public; Ohio, Minnesota and Indiana.  The mayor of Washington D.C. is making face coverings mandatory in public for everyone except for federal government workers on the job.

4)           The president calls it ‘Operation Legend’.  He’s sending federal agents to Chicago, Albuquerque and other cities where crime is rising.  “We will work every single day to restore public safety, protect our nation’s children and bring violent perpetrators to justice.”  The mayor of Chicago Lori Lightfood says she’s been told that the agents will focus on gun violence in the city.  She says the FBI, DEA and AFT agents will not crack down on protests like they haven’t Portland, Oregon. 

 5)           The State Department has ordered China to close its consulate in Houston to protect US intellectual property.  Beijing says it will retaliate.  You’re listening to ABC News.

6-1)   I’m Connell McShane.  This is the Fox Business report. 

“A trappy trading session with stocks ending higher despite concerns over tensions between the US and China and continuing fears about the coronavirus in its toll on the economy.  The Dow rising 165 points, the Nasdaq up 26, S&P 500 up 19.

6-2)   And after the closing bell, Microsoft announcing earnings beating Wall Street expectations, and reporting record revenue for the quarter.  However growth rate says Azure cloud division slowed from the previous quarter, and the closing of Microsoft physical retail stores also cut into its earnings.  Microsoft shares are down after hours, but its stock has run up nearly 35% so far this year.

And business messaging app Slack is accusing Microsoft of antitrust violations in Europe.  The complaint file to the European Commission accuses Microsoft of tying its Team software to its Office system to snap out competition.    

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

AFN News July 2

 

AFN NEWS

Thursday July 2, 2020

1) From ABC News, I’m Chuck Sivertsen. The COVID-19 surge in the South and West is not being slowed. A record-breaking day for cases: hospitalizations, emergency room visits and deaths in Arizona, as Vice President Mike Pence visits the state. “We did hear in the briefing today for the need for personnel. We’ve already responded. Sixty-two medical personnel arrived this week in Tucson, but the governor conveyed to us an additional request for another 500 personnel.” Coronavirus cases increasing in almost 40 states. Hospitalizations  are up in half of the states.

2) California Governor Gavin Newsom orders for at least three weeks a total closure of bars and indoor operations of restaurants, movie theaters, museums and other patron-based businesses. In Los Angeles and other high population counties. “These are 19 counties within the state, but these 19 counties represent over 70% of the population here in the state of California.”

3) Texas set a new record of more than 8,000 COVID-19 cases today. After a popular bar was busted for holding crowded gatherings in one of New Jersey’s largest cities, Governor Phil Murphy is once again urging people not to blow it. “Even one knucklehead bar can ruin it for everyone. It only takes one match to start a wildfire, and it only takes one infected bar-goer to invite, or ignite rather, a COCID-19 flare-up and then shuts everything else all back down.” As a precaution, New York City will not move forward with indoor dining on Monday.

4) Seattle police have torn down the city’s occupied protest zone and herded out protesters on Mayor’s orders. Police Chief Carmen Best, “Our job is to support peaceful demonstration, but what has happened here on these streets over the last two weeks, few weeks, that is, is lawless and is brutal and bottom line it is simply unacceptable.” Listening to ABC News.

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

Stocks finishing mixed on its first trading day of the month and a quarter after the data showed that the labor market continued to improve last month. Payroll processor ADP’s private sector job reports showing that nearly 2.4 million jobs were created in June with 70% of new jobs in leisure, hospitality, trade and construction industries. The Dow falling 77 points, the NASDAQ up 96 for another record close, the S&P 500 up 16. // And Tesla hitting a milestone. It is now the most valuable car company in the world surpassing Japan’s Toyota. Here today, Toyota stocks are down around 12%, while shares of Tesla has soared more than 165 %. // And due to spiking coronavirus cases in several states throughout the country, Apple will temporarily re-close 30 of its retail stores in the U.S. bringing the nationwide total to 77. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you. *ADP = Automatic Data Processing

 

AFN News July 16

 

ABC NEWS  JULY 16, 2020

1)              From ABC News, I am Daria Albinger.  A growing number of state officials are telling residents to mask up, get tested, and in some cases, both as COVID-19 cases continue to spread.  Alabama Governor Kay Ivery making face coverings mandatory in public places; “Last night we had 2,141 new cases.  That brings our total to 58,270 cases, and we have had 1,183 deaths.”

 2)              Michigan Governor Gretchen Whitmer says it’s time for a federal mask mandatory; “A study conducted by Goldman Sachs concluded that a federal mask mandate, that everyone in the nation had a mandate like we have in Michigan, like they adopted in Alabama today, if everyone had that, we could save the US economy from taking a 5% hit to our GDP.” 

3)              Walmarts nationwide are now requiring masks.

4)              Oklahoma Governor Kevin Stitt has tested positive.  “I want to use my story to remind Oklahomans that if you aren’t feeling well, we want you to get tested.”  But he is holding off on making masks mandatory. 

5)              And Louisiana’s Attorney General says the governor’s mask mandate and bar restrictions may violate the state constitution.

 6)              The family of George Floyd has filed a federal lawsuit against the City of Minneapolis and the four former police officers who had arrested Floyd just before he died.  “The City of Minneapolis has a history of policies and procedures, and deliberate indifference when it comes to the treatment of arrestees, especially black men”; Attorney Benjamin Crump. 

7)              Twitters says it’s looking into what may be a targeted attack; among those affected, presumptive Democratic nominee Joe Biden, Kanye West, former President Obama and Bill Gates.

8)              Stocks closed higher today.  You are listening to ABC News.                    

 

10-1)   I’m Connell McShane.  This is the Fox Business report.

  “Stocks finishing higher on encouraging coronavirus vaccine news, with the Dow rising 228 points, the Nasdaq up 62, S&P 500 up 29.

10-2)   And the nation’s largest grocery store chain is making moves to reduce the spread of the coronavirus.  Kroger will be requiring customers on all locations to wear mask when shopping in stores, beginning on July 22.  Kroger’s employees are already required to wear face coverings.  The customers are able to wear a mask on alternative design.  Kroger is requesting that they use its ecommerce services like pickup or delivery.  Kroger joined other retailers like Walmart, Best Buy and Starbucks requiring their shoppers wear face coverings.

10-3)   And Chipotle is hiring the Burrito chain, adding 10,000 staffers as it opens more stores with drive-through lanes for digital orders.  The company says its digital sales have surged 80%.

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

AFN News July 9

AFN NEWS

Thursday, July 9, 2020

1) From ABC News, I’m Chuck Sivertsen. The COVID-19 surge in the South and West is not being slowed. A record-breaking day for cases: hospitalizations, emergency room visits and deaths in Arizona, as Vice President Mike Pence visits the state. “We did hear in the briefing today for the need for personnel. We’ve already responded. Sixty-two medical personnel arrived this week in Tucson, but the governor conveyed to us an additional request for another 500 personnel.” Coronavirus cases increasing in almost 40 states. Hospitalizations are up in half of the states.

2) California Governor Gavin Newsom orders for at least three weeks a total closure of bars and indoor operations of restaurants, movie theaters, museums and other patron-based businesses. In Los Angeles and other high population counties. “These are 19 counties within the state, but these 19 counties represent over 70% of the population here in the state of California.”

3) Texas set a new record of more than 8,000 COVID-19 cases today. After a popular bar was busted for holding crowded gatherings in one of New Jersey’s largest cities, Governor Phil Murphy is once again urging people not to blow it. “Even one knucklehead bar can ruin it for everyone. It only takes one match to start a wildfire, and it only takes one infected bar-goer to invite, or ignite rather, a COCID-19 flare-up and then shuts everything else all back down.” As a precaution, New York City will not move forward with indoor dining on Monday.

4) Seattle police have torn down the city’s occupied protest zone and herded out protesters on Mayor’s orders. Police Chief Carmen Best, “Our job is to support peaceful demonstration, but what has happened here on these streets over the last two weeks, few weeks, that is, is lawless and is brutal and bottom line it is simply unacceptable.” Listening to ABC News.

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

Stocks finishing mixed on its first trading day of the month and a quarter after the data showed that the labor market continued to improve last month. Payroll processor ADP’s private sector job reports showing that nearly 2.4 million jobs were created in June with 70% of new jobs in leisure, hospitality, trade and construction industries. The Dow falling 77 points, the NASDAQ up 96 for another record close, the S&P 500 up 16. // And Tesla hitting a milestone. It is now the most valuable car company in the world surpassing Japan’s Toyota. Here today, Toyota stocks are down around 12%, while shares of Tesla has soared more than 165 %. // And due to spiking coronavirus cases in several states throughout the country, Apple will temporarily re-close 30 of its retail stores in the U.S. bringing the nationwide total to 77. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you. *ADP = Automatic Data Processing

AFN News June 25

AFN NEWS

Thursday, June 25, 2020　

1) From ABC News, I’m Chuck Sivertsen. New coronavirus cases in the U.S. increasing to their highest level in two months back to where they were at the peak. State leaders saying those testing positive are younger in their 20s and 30s. “People naturally want to do things. I am not even, if I was 25, I’d be probably with them. I mean, that’s just realistic. I can sit here and try to act like I wouldn’t, but I remember what it was like then.” Florida Governor Ron DeSantis.

2) Florida and Texas, each posting record daily. New virus case totals 5500 each. Over 7,000 in California just today, a new record. Also many young people infected, possibly spreading it, says Governor Gavin Newsom. “It is incumbent upon us to recognize that as individuals, as communities, and as leaders within our households and our communities, to recognize that it is our behaviors that are leading to these numbers.”

3) A weekly forecast from the CDC estimates that U.S. COVID death will likely be between 130,000 and 150,000 by July 18th.

4) Rising COVID cases in the U.S. causing a slide here. Closing bell at the New York Stock Exchange, the Dow lost over 700 points, the broad S&P lost 81, the NASDAQ down over 200 points.

5) A Georgia grand jury indicts three men charged with alleged murder of Black jogger Ahmaud Arbery, -- Gregory and Travis McMichael, and William Bryan.

6) Wisconsin’s Governor has activated the state’s National Guard after violent demonstrations. ABC’s Ryan Burrow. “Wisconsin Governor Tony Evers announcing he has activated Wisconsin National Guard to support local law enforcement in Dane County hours after violent protesters destroyed windows and lights, and pulled down statues in Madison. The governor saying the demonstrations caused injuries and major damage. Among those injures, a state senator who says he was beaten by protesters for taking pictures.

7) Constructors in Charleston, South Carolina have removed the statue honoring former Vice President John C. Calhoun whose defense of slavery led to the nation toward the Civil War. You’re listening to ABC News.

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

Stocks ending sharply lower as investors worry about the increasing number of coronavirus cases in some states. Businesses have been especially hard hit by the pandemic like airlines, hotels and cruse operators were among the biggest losers, with the Dow falling 710 points, the NASDAQ down 222, S&P 500 down 81. // And Disney theme park workers are making a plea to postpone the parks reopening next month due to the rise of coronavirus cases in Florida. More than 7200 have signed a petition asking Disney and government officials to delay the Disney World reopening. // And German pharmaceutical and pesticides maker Bayer agreeing to pay over $10.5 billion to settle U.S. lawsuits, claiming that its widely used weed killer Roundup caused cancer. Bayer inheriting thousands of lawsuits against Roundup inventor Monsanto when it acquired the U.S. agricultural giant in 2018. That’s your Fox Business Report. I’m Hilarie Barsky, invested in you.