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Uber Technologies to unveil IPO terms on Friday: sources

FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay

April 25, 2019

(Reuters) – Uber Technologies Inc will announce a price range on Friday for its initial public offering (IPO) of between $44 and $50 per share, raising between $8 billion and $9 billion, people familiar with the matter said on Thursday.

Some Uber insiders will also sell their own shares in the IPO, the sources added. Reuters reported earlier this month that all the Uber shares sold in the IPO could be worth around $10 billion.

Uber also plans to unveil on Friday its last sale of stock as a private company, the sources said. The identity of the investor involved in the private placement could not immediately be learned.

The sources asked not to be identified because the matter is confidential. Uber declined to comment.

(Reporting by Joshua Franklin in New York; Editing by Bill Rigby)

Source: OANN

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After delays, Afghan president inaugurates new parliament

President Ashraf Ghani has inaugurated the country's new parliament after almost six months since elections were held and following long delays, claims of voter fraud, unresolved disputes and political bickering.

Ghani spoke at the ceremony on Friday in Kabul, which brought together both the lower, legislative 249-seat chamber and the appointed 104-member upper house.

He expressed regret over the delays and the fact that 33 seats for lawmakers from the districts in central Kabul province were empty because the election commission still has not announced results for those districts.

Ghani blamed what he said was the "inefficiency of former election commission members" who have since been replaced.

The October election day was marred by bombings and attacks on polling stations across the country that killed 27 civilians and 11 policemen.

Source: Fox News World

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Euro buoyant on improved economic views, awaits euro zone PMI

FILE PHOTO: U.S. dollar and Euro banknotes are seen in this picture illustration
FILE PHOTO: U.S. dollar and Euro banknotes are seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

April 18, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost.

The euro was a shade higher at $1.1298, having eked out a gain of 0.1 percent the previous day.

The single currency has steadily recovered from a recent low of $1.1183 plumbed at the start of April.

The euro was lifted after data on Wednesday showed China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production surged and consumer demand showed signs of improvement.

“A recovering Chinese economy is also good news for the German economy, and thus positive for the euro. The ongoing surge in bund yields amid ‘risk on’ is a key factor supporting the euro,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

The 10-year German bund yield rose to a one-month high of 0.10 percent overnight, in a sharp rebound from a 2-1/2-year low of minus 0.094 percent set at the end of March.

Bund yields had sunk in March as concerns about slowing global growth gripped the broader market. Investors are now watching Chinese and European economic data for signs that the global economy is performing better than initially feared.

The Purchasing Managers Indexes (PMIs) for the manufacturing and service sectors in Europe due later on Thursday will provide the next indication of strength for the European economy.

“Data from China cleared the way for the euro, which needs follow through support in the form of strong euro zone indicators,” Ishikawa at IG Securities said.

The dollar index against a basket of six major currencies was flat at 97.015 after dipping 0.05 percent the previous day.

The U.S. currency was steady at 112.035 yen after briefly touching a four-month peak of 112.17 on Wednesday amid a bounce in U.S. Treasury yields to a one-month high.

Commodity-linked currencies sagged after a surge in crude oil prices ran out of steam.

The Canadian dollar stood at C$1.3352 per dollar, having pulled back from a one-month high of C$1.3275 brushed on Wednesday.

The Australian dollar was down 0.1 percent at $0.7173 after popping up to a two-month peak of $0.7206 the previous day in response to the stronger-than-expected Chinese economic growth data.

(Editing by Jacqueline Wong)

Source: OANN

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Golf: Debutant Mitchell enjoying spotlight at The Masters

PGA: THE PLAYERS Championship - Second Round
FILE PHOTO: Mar 15, 2019; Ponte Vedra Beach, FL, USA; Keith Mitchell plays his shot from the 16th tee during the second round of THE PLAYERS Championship golf tournament at TPC Sawgrass - Stadium Course. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

April 8, 2019

By Amy Tennery

Augusta, Ga. (Reuters) – While the Masters is renowned for attracting the world’s top players, a busy PGA tournament schedule and a field of competitors perpetually in flux means you never know who else might be in the field at Augusta National.

First-timer Keith Mitchell likes it that way.

The 27-year-old American makes his Masters debut by virtue of securing his first PGA championship last month at the Honda Classic, claiming victory with a final, 15-foot birdie putt.

“There are forty-something events, there are going to be guys that get their first win every year,” Mitchell told reporters on Monday.

“What’s so great about our sport is the unknown, someone who you might have never heard of wins this week and then you might be able to follow him for the next ten years.”

While the University of Georgia graduate played the Augusta National course as a college student, he is better acquainted with life among the throngs of spectators.

Of course, a practice round in the glare of The Masters spotlight changed that.

“There were probably more people watching me warm up on a Monday here than at a lot of tournaments I’ve played in my life,” Mitchell said.

“I’ve always watched people and admired how they hit the shots and hit their wedges and the shapes of the drivers, and then I was the guy that people were watching.”

With six top-10 career PGA finishes, Mitchell will look to establish his foothold in the year’s first major, when The Masters kicks off on Thursday.

“I still kind of feel like a rookie and still feel just kind of in awe of the place,” Mitchell said. “And I hope that never goes away.”

(Reporting by Amy Tennery; Editing by Ken Ferris)

Source: OANN

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Melting missiles: just one problem with F-35s stopping North Korea rockets

FILE PHOTO: A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin
FILE PHOTO: A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. REUTERS/Axel Schmidt -/File Photo

February 27, 2019

By Mike Stone

WASHINGTON (Reuters) – Looking for a quick way to stop North Korean missiles immediately after lift-off, the Pentagon is studying as a near-term option whether a group of F-35 fighter jets hovering around North Korean airspace could pick off freshly-launched rockets.

In its current form, the idea defies physics, missile defense experts say. It calls for interceptor missiles that fly so fast they could melt one expert said, and the only surefire way for U.S. military aircraft to defeat a missile with current technology would be to fly in hostile airspace, according to three experts interviewed by Reuters.

The idea, part of a six-month study launched last month, shows how the Pentagon is seeking ways to neutralize the threat posed by Pyongyang even as President Trump meets North Korean leader Kim Jong Un this week in Vietnam in his effort to stop Kim’s nuclear program.

Concern over U.S. missile defenses has grown with the escalating threat from North Korea. Two years ago North Korea conducted about a dozen missile tests, some with multiple rockets, including the launch of a suspected inter-continental ballistic missile that could hit the U.S. mainland. They also tested a purported hydrogen bomb.

The F-35 plan under study would likely involve continuously flying a group of the stealthy jets within range of known North Korean missile sites. Once a missile is launched towards U.S. territory, the F-35’s advanced sensors would detect and then fire a special air-to-air missile before the Pyongyang projectile exits the atmosphere, the latest missile defense strategy and Pentagon leadership have said.

Military officials say the F-35 option is the one they want to test first because it could use existing military hardware and potentially be operational sooner than other strategies, and at a relatively low cost. At the same time Pentagon leadership says the tests may reveal a new interceptor is needed, or that the F-35 may only have a role in detecting the just-launched missile and not necessarily also shoot it down.

Speaking about that option after last month’s release of the defense strategy review, Under Secretary of Defense for Research and Engineering Michael Griffin said: “we do think it could be both cost effective and … within the bounds of math and physics.”

Among other proposals included in the review was one involving lasers mounted on drones – proposed to stop missiles just after take-off in what is called the boost phase.

During this portion of the flight the missile is most vulnerable, flying at its slowest speed, easily detected by the heat from its engines, and incapable of evading interceptors as it accelerates to break out of the earth’s atmosphere.

MELTING MISSILES

Geography complicates the F-35 plan. Tom Karako, a missile defense expert at the Center for Strategic and International Studies in Washington noted that jets lying in wait for a North Korean missile would in theory need to respect North Korean airspace. But remaining at such a distance could leave the jets too far from the missile launch to be effective.

Theodore Postol, a missile defense expert at the Massachusetts Institute of Technology said even a modified air-to-air missile would be too slow to take out an intercontinental ballistic missile before it exited the atmosphere.

Air-to-air missiles like those made by Raytheon Co would only have an estimated 200 seconds to hit a ballistic missile before reaching an altitude where the air is too thin to maneuver. Given that it would take an F-35 approximately 50-60 seconds to detect, lock onto and launch an air-to-air missile, Postol said, the jet would need to be very close to the ballistic missile to take it out.

“If you are on top of it you can shoot it down,” the retired rocket scientist said. “But the odds are going to be very low that you can be on top of it.”

Even if a much faster and lighter version air-to-air missile was mounted in an F-35 jet, depending on the distance the weapon would have to fly so fast it would begin to melt, Postol added.

Despite the obstacles, the very fact that Pentagon was weighing such an option was significant, Karako said. “This shows a broader cultural shift.” Rather than some giant program, Karako said, the Pentagon is considering “a mission that is integrated into a broader mesh of tactical programs the Department of Defense can call on.”

Making it work will be a challenge, though.

“You would need to be very close to the launch site, within North Korea itself, said physicist Laura Grego, who studies missile defense at the Union of Concerned Scientists.

Grego said that even if the air-to-air missile traveled at five times the speed of sound, the F-35 would need to be within about 50 miles of the missile, “probably closer, to be realistic.”

That gives a huge advantage to the stealthy F-35 which could get much closer to a possible launch area than a non-stealth aircraft.

“This is one of the advantages of the F-35,” said retired U.S. general David Deptula. He added that the radar-evading jets “can get in much closer to an adversary launch area than … a non-stealthy aircraft.”

That suggests that by using the F-35 made by Lockheed Martin, the U.S. could secretly monitor for ballistic missile launches with jets flying inside North Korean airspace.

(Reporting by Mike Stone; Editing by Chris Sanders and Tomasz Janowski)

Source: OANN

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Watch: Jihad in America & the History of Islam

Ilhan Omar, Rashida Tlaib, and Keith Ellison, all identify themselves with Islam. And because they were sworn into congress using the Quran, which teaches lying as a virtue, they can legally lie to the American people so long as it benefits Islam.

Ever since Muhammad died fourteen-hundred years ago, so-called “radical” Muslims have dedicated their lives to an endless war against Christians and Jews. And moderate Muslims claim that the Quran is misunderstood, and that violent jihad is not true Islam.

But the difference between a religion that accidentally inspires mass murder, and one that deliberately inspires mass murder, is meaningless. When you see the true history of Islam, there is no rational excuse for any righteous person to defend it.


Source: InfoWars

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IMF’s Lagarde says global growth outlook ‘precarious’ amid trade tensions

FILE PHOTO: Munich Security Conference in Munich
FILE PHOTO: International Monetary Fund (IMF) Managing Director Christine Lagarde attends MSC Women's Breakfast during the annual Munich Security Conference in Munich, Germany February 16, 2019. REUTERS/Andreas Gebert/File Photo

April 2, 2019

By David Lawder

WASHINGTON (Reuters) – International Monetary Fund Managing Director Christine Lagarde said on Tuesday that global growth has lost momentum amid rising trade tensions and tighter financial conditions, but pauses in rate hikes will help boost activity in the second half of 2019.

Lagarde, in a preview of the April 12-14 IMF and World Bank Spring Meetings, said the global economy is “unsettled” after two years of steady growth, with the outlook “precarious” and vulnerable to trade, Brexit and financial market shocks.

“In January, the IMF projected global growth for 2019 and 2020 at around 3.5 percent, less than in the recent past but still reasonable,” Lagarde said in remarks prepared for delivery at the U.S. Chamber of Commerce in Washington. “It has since lost further momentum, as you will see from our updated forecast next week.”

She said that the IMF does not anticipate a recession in the near-term, and the Federal Reserve’s “more patient pace of monetary policy normalization” will provide some thrust to growth in the second half of 2019 and into 2020.

Lagarde cautioned, however, that years of high public debt and low interest rates since the financial crisis a decade ago have left limited room in many countries to act when the next downturn arrives so countries need to make smarter use of fiscal policy. This means striking a better balance between growth, debt sustainability and social objectives and acting to address growing inequality by building stronger social safety nets.

She previewed new IMF research showing that rising trade barriers were hurting investment in plant, machinery and job creating projects.

Lagarde also said that the IMF has revised its analysis of the U.S.-China trade war’s impacts, showing that if all trade between the world’s two largest economies were subjected to a 25 percent tariff, U.S. gross domestic product would fall by up to 0.6 percent while China’s GDP would fall by up to 1.5 percent.

U.S. President Donald Trump has threatened to subject all imports from China to a 25 percent tariff if the two sides cannot resolve their disputes in negotiations. Chinese Vice Premier Liu He is due in Washington for another round of talks starting on Wednesday.

“Nobody wins a trade war,” Lagarde added. “That is why we need to work together to reduce trade barriers and modernize the global trade system.”

(Reporting by David Lawder; Editing by Sam Holmes)

Source: OANN

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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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