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French prosecutor seeks jail for Orange CEO over Tapie affair

French telecom group Orange CEO Stephane Richard arrives for a trial over a disputed state payment at the Paris courthouse
French telecom group Orange CEO Stephane Richard arrives for a trial over a disputed state payment at the Paris courthouse, France, April 1, 2019. REUTERS/Benoit Tessier

April 1, 2019

PARIS (Reuters) – A French prosecutor on Monday told judges Orange chief executive Stephane Richard should face three years in jail for his alleged involvement in a disputed compensation payment made in 2008 by the state to tycoon Bernard Tapie.

The prosecutor said 18 months of the sentence should be suspended, and that Richard should be barred from working in the public service for five years.

Richard has denied the allegations, saying he was doing his job and only played a secondary role in the arbitration process in which Tapie was awarded 403 million euros ($452 million) in the state-funded settlement.

Tapie is locked in a fight over the sale of his stake in sportswear firm Adidas in 1993 to Credit Lyonnais, then government-owned, and the compensation he won over the transaction 15 years later.

Richard is accused of complicity over the disputed payment. He was working as chief of staff to then-finance minister Christine Lagarde when it was made.

The prosecutor is also seeking a five-year jail term for Tapie. ($1 = 0.8923 euros)

(Reporting by Emmanuel Jarry, Writing by Richard Lough and Bate Felix, Editing by Catherine Evans and John Stonestreet)

Source: OANN

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Asia stocks hover below nine month peak after Wall Street stalls

FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing
FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13, 2019. REUTERS/Stringer/File Photo

April 16, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.

MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed.

The index had risen to its highest level since July 2018 the previous day after strong data from China eased investor concerns about the health of the global economy. Expectations that Chinese and U.S. trade negotiators would strike a deal soon also lifted confidence.

Japan’s Nikkei nudged up 0.25 percent.

“The equity markets are facing some headwinds after their recent large gains,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

“That said, market sentiment is still relatively well supported as recent Chinese indicators proved to be strong and prompted the markets to readjust their views on the global economy.”

The U.S.-China trade dispute, signs of slowing global corporate earnings and business investment have all put pressure on riskier assets in the past year, so investors have been quick to lap-up positive news.

Wall Street lost ground on Monday, dragged down as underwhelming bank earnings curbed investor enthusiasm. But while all three major U.S. stock indexes edged lower, the S&P 500 remained within a percent of its record high.

Safe havens such as bonds and gold were on the defensive following the recent improvement in investor risk appetite.

The 10-year U.S. Treasury yield rose to 2.574 percent on Monday, its highest since March 20.

Spot gold was a shade higher at $1,288.24 an ounce following three straight days of losses.

Elsewhere in commodities, the recent rally in crude oil prices slowed on the prospect of Russia and OPEC boosting production to fight for market share with the United States.

U.S. West Texas Intermediate crude futures were up 0.15 percent at $63.50 per barrel after losing nearly 0.8 percent the previous day.

U.S. crude had scaled a five-month high of $64.79 earlier this month.

Oil had rallied on tightening global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers, and on the threat that renewed fighting could stop production in Libya.

The dollar, which tends to underperform when risk appetite increases, was a shade lower at 96.924 against a basket of six major currencies, extending overnight losses.

Many investors are waiting on Chinese gross domestic product (GDP) data due on Wednesday for clues on the health of Asia’s giant economy, a major pressure point for global growth over the past year.

A Reuters poll forecast China’s first-quarter growth to have cooled to the weakest pace in at least 27 years, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March.

The euro was flat at $1.1304 and the dollar was effectively unchanged at 111.98 yen.

The Australian dollar, a barometer of global risk appetite, was steady around $0.7176, not far off a seven-week high brushed on Friday.

(Editing by Shri Navaratnam)

Source: OANN

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AOC to Bank Execs: Should More Have Gone to Jail for Financial Crisis?

Firebrand freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., grilled banking bigwigs Wednesday on whether more industry chieftains should have gone to jail for the 2007 financial crisis.

In a House Financial Services Committee hearing, Ocasio-Cortez expressed "concerns about how much things have really changed" since the recession, The Hill reported.

The progressive lawmaker pointed to fines and penalties like Bank of America's $16.5 billion settlement in 2014 over misconduct related to mortgage-backed securities, as well as a $20 million and another $720 million in consumer relief.

She questioned whether they were viewed merely as "the cost of doing business," The Hill reported.

"I represent kids that go to jail for jumping a turnstile because they can't afford a MetroCard," Ocasio-Cortez told Morgan CEO Jamie Dimon. "Do you think that more folks should have gone to jail for their role in a financial crisis that led to 7.8 million foreclosures in the 10 years between 2007 and 2016?"

Dimon demurred, saying it was a question for "legal experts," while asserting no one should be imprisoned for jumping a turnstile, The Hill reported.

The committee summoned CEOs of the nation's largest banks as a group for the first time since 2009 for the hearing — all claiming their companies have become safer and more responsible since they were bailed out during the crisis, The Hill reported.

Source: NewsMax Politics

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Role of a Lifetime: Life Lessons with Peter Krause

FILE PHOTO: Actor Krause announces the nominations for the 72nd annual Golden Globe Awards in Beverly Hills
FILE PHOTO: Actor Peter Krause announces the nominations for the 72nd annual Golden Globe Awards in Beverly Hills, California December 11, 2014. REUTERS/Danny Moloshok

March 18, 2019

By Chris Taylor

NEW YORK (Reuters) – If you are looking for steady work, it is probably best not to go into show business. Unless you are Peter Krause, that is.

The 53-year-old Minnesota native has been a staple of U.S. TV screens for years, with roles in shows like “Sports Night,” “Six Feet Under,” “Parenthood,” and his current series “9-1-1,” which begins its spring season tonight on Fox.

For the latest in Reuters’ “Life Lessons” series, Krause talked with us about the heartland principles that have kept him working steadily in Hollywood for a couple of decades.

Q: Was an acting career always on your radar, even as a kid?

A: When I turned 16 in Roseville, Minnesota, it was expected that I would get a job, so I got one at the local movie theater.

It’s gone now, which is kind of sad. But I got to see every movie that came out, multiple times: Films like “The Mission,” “Chariots of Fire,” “On Golden Pond,” and “The Pope of Greenwich Village.”

So I got to really study those performances, even though I wasn’t thinking about being an actor at the time.

Q: Did your folks give you a hard time about your career choice?

A: My dad was a farm kid, always doing chores, who didn’t even have plumbing or electricity until he was 16. By the time he was 18, he was boots on the ground in Germany, as part of the army of occupation after World War Two. So the idea of acting was very foreign to him. We had a bit of a battle at first.

Q: What was the money situation like early on?

A: My parents didn’t have a lot of money. All of our family vacations were by car. So when I flew into New York City to go to New York University, I had never even been on a plane before.

I took the bus from LaGuardia Airport to Grand Central Station, and then walked from there down to NYU, which was about 40 blocks. Seeing the city like that was a shock to the system, since I had grown up in a small town in the middle of cornfields.

Q: Were those early acting years tough financially?

A: I had been bartending on Broadway in theaters, which is where I first met Aaron Sorkin, who was a bar manager at the Palace Theatre at the time, when they were playing “La Cage aux Folles.”

But one of my first shows out of college was with Carol Burnett, which was helpful with my parents, because they knew who she was. I finally got to take my dad out for lunch, and grabbed the check and signed the bill. He looked at me and said, “Well, this is different.”

Q: Which of your roles taught you the most?

A: All roles teach you something new. Different characters have different life rules, and some of those characters end up bleeding into me a little.

Nate Fisher from “Six Feet Under” was very difficult to play, because he was so at odds with himself all the time. That was a defining moment in my career. Working on that show was like a daily meditation on life and death.

Q: Have you thought about the future, and what retirement is going to look like for you?

A: I don’t plan on retiring. I’ll do this as long as I can. I still enjoy acting as much as I ever did. Right now on “9-1-1” I get to be a firefighter, which is basically my childhood dream come true.

Q: You have a kid, so what life lessons do you try to pass along to him?

A: He just turned 17, so I have taught him all sorts of things: How to ride a bike, drive a car. I was even his baseball coach for three years. What I have tried to impart to him the most is to figure out what makes him happy. For myself, I spent a fair amount of time trying to make my parents happy, and wanting to be a success in their eyes. That kind of messed me up. So I want to get my son to listen to his own compass.

(The writer is a Reuters contributor. The opinions expressed are his own.)

(Editing by Beth Pinsker; Editing by David Gregorio)

Source: OANN

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Michigan sorority sorry for prompting false 'shooter' alert

A University of Michigan sorority whose members popped balloons as part of a team-building event has apologized for triggering "active shooter" alert on campus.

The balloon popping occurred March 16, at the same time a vigil was being held nearby for victims of the New Zealand mosque attacks a day earlier.

The alpha Kappa Delta Phi chapter issued an apology in a letter published Sunday in The Michigan Daily. Member said they're "truly sorry" and should've been more "more cognizant" of their actions.

Alerts issued by the Ann Arbor school told students near Mason Hall to "run, hide, fight." Authorities later said there had been "balloon popping activity" in the area and there was no "malicious intent" behind the activity.

The letter says sorority members stand "in solidarity with our fellow Muslim students and marginalized communities."

Source: Fox News National

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Trump Says Ahead of Kim Summit He Doesn't Plan to Lift Sanctions

President Donald Trump said he doesn’t expect to lift sanctions on Kim Jong Un’s regime, as he prepares for a summit with the North Korean leader this week on American demands that Pyongyang end its nuclear program.

“I’m not pushing for speed, but we’re not removing the sanctions,” Trump told U.S. governors gathered at the White House on Sunday evening. He didn’t elaborate.

Kim has made little secret that his key goal for the Feb. 27-28 meeting in Hanoi is to ease sanctions that a choking North Korea’s faltering economy. Trump fed expectations of relief with comments Wednesday that he would “love to be able to” lift sanctions, provided he got “something that’s meaningful.”

The Trump administration had previously insisted sanctions would remain in place until the “final, fully verified denuclearization of North Korea.”

North Korea faces a complex web of penalties piled on by the United Nations, U.S. and American allies such as Japan, South Korea and the European Union, which now give Trump a sliding scale of possibilities for relaxing pressure. Current sanctions do everything from curbing the regime’s ability to import oil to preventing small items like laptop computers from being brought into the country.

Trump predicted the summit would produce “a very interesting two-and-a-half days” and said “we have a chance for total denuclearization.”

But he added that he didn’t feel a sense of urgency about reaching an agreement as long as North Korea continues a halt on testing of nuclear weapons and missiles.

“I’m not in a rush,” Trump said. “As long as there’s no testing we’re happy.”

Source: NewsMax Politics

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WashPost: O'Rourke's Donor Roots Are GOP Businessmen

Before Beto O'Rourke — the latest Democrat entrant to the 2020 presidential race — was embraced by liberal online donors, his top financial backers were wealthy businessmen who donated millions to Republicans, The Washington Post reported.

Several of El Paso's richest business moguls donated to and raised money for O'Rourke's city council campaigns, drawn to his support for a plan to redevelop El Paso's poorer neighborhoods, the Post reported. Some later backed a super PAC that would play a key role in helping him defeat an incumbent Democratic congressman.

At the same time, O'Rourke worked on issues that had the potential to make money for some of his benefactors, the Post reported. For example, his support as a council member for the redevelopment plan coincided with property investments by some of his benefactors, the Post reported.

And as a congressman, O'Rourke supported a $2 billion military funding increase that benefited a company controlled by another major donor— real estate developer Woody Hunt, who also co-founded and funds an El Paso nonprofit organization that has employed O'Rourke's wife since 2016. the news outlet reported.

"We shared a common goal," said Ted Houghton, a local financial adviser and longtime O’Rourke donor who raised money for former GOP Texas Gov. Rick Perry, and helped steer millions in state transportation funding to the city. "The common goal was we needed to move El Paso in a different direction."

Acording to the Post, the former congressman's GOP ties are likely to become an issue as he enters a crowded Democratic presidential primary field that has leaned leftward.

But Republicans are also piling on. A recent ad by the Club for Growth described O'Rourke's pushing a redevelopment scheme "to bulldoze a poor Hispanic neighborhood," the Post reported.

Source: NewsMax Politics

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Good morning and welcome to Fox News First. Here’s a look at what you need to know today …

EXCLUSIVE: Trump says ‘Sleepy Joe’ Biden doesn’t have what it takes

President Trump, in a wide-ranging, exclusive phone interview with Fox News’ Sean Hannity, dismissed the launch of former Vice President Joe Biden’s presidential campaign, nicknaming him “Sleepy Joe” and saying he’s “not the brightest bulb.” Biden, the president said, has name recognition but he won’t “be able to do the job.” When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had “misguided energy” and asserted that Sanders “talks a lot” but hasn’t accomplished anything. The president referred to former U.S. Rep. Beto O’Rourke of Texas as “a fluke” who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg — although he said he was “rooting” for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party’s youth movement: Biden’s biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party — a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. … But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez’s bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could “develop for potential relationships,” track lines of questioning and “assess” changes in “demeanor” – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News’ “Hannity” Thursday night, responded to this report by accusing Strzok and Page of an attempted “coup.” “They were trying to infiltrate the administration,” he said.

Kim accuses US of acting in ‘bad faith’
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, “the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point,” the Straits Times of Singapore reported. Kim warned that the situation “may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the Korean Central News Agency added.

NFL Draft 2019: It’s all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick — the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

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TODAY’S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the “Special Report” panel take a look at former Vice President Joe Biden’s decision to run for president a third time and the battle for the “soul” of America.

Not signed up yet for Fox News First? Click here to find out what you’re missing.

CLICK HERE to find out what’s on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Have a good day and weekend! We’ll see you in your inbox first thing Monday morning.

Source: Fox News National

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