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Former Fox News anchor Shepard Smith has a new landing spot after leaving the network abruptly last fall. CNBC announced that Smith will join the network and host a 7 p.m. newscast.“The News with Shepard Smith” will launch this fall, and CNBC said that Smith will also serve as the network's chief general news anchor and managing editor of the breaking news division.“I am honored to continue to pursue the truth, both for CNBC’s loyal viewers and for those who have been following my reporting for decades in good times and in bad,” Smith said in a press release.Smith was one of FOX News' original hires when the network launched in 1996. Smith hosted "Shepard Smith Reporting" starting in 2013, and before that, was the anchor of "Studio B."CNBC, which is more geared toward financial news, said it will use Smith’s program beyond financial news.“Much like our coverage of the coronavirus pandemic, CNBC reporters and producers can go beyond the financial markets to tell rich, deeply-reported stories across the entire landscape of global news. Each evening, Shep’s program will be the place where we’ll deliver that same credible coverage of the key issues of the day,” said Dan Colarusso, Senior Vice President, CNBC Business News. 1247

Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149

Florida Governor Rick Scott will be in Tampa on Wednesday to highlight his action plan to make major changes to help keep Florida students safe.His plan includes a 0 million investment in school safety and mental health, according to a press release.The Governor’s proposal, which was announced last week, followed the emergency meetings Governor Scott organized with law enforcement, school administrators, teachers, mental health experts, and state agency leadership, as well as meetings the Governor hosted with students from Marjory Stoneman Douglas High School.Governor Scott will hold a press conference on Wednesday at 9:15 a.m. at the Hillsborough County Sheriff’s Office to discuss his action plan.The following are the major highlights of Governor Scott's plan: 797

Fox News host Sean Hannity allegedly received help from the US Department for Housing and Urban Development to carry out multimillion dollar real estate deals, according to a report by The Guardian.The Guardian reported Sunday that Hannity is linked to a web of shell companies that spent at least million buying more than 870 homes across seven states over the past 10 years. The newspaper said it reviewed thousands of pages of public records to piece together Hannity's alleged property portfolio.The Fox News host bought two apartment complexes in Georgia in 2014 for .7 million, according to The Guardian. It reported that HUD helped him get mortgages worth .9 million to fund the purchases by insuring the loans under a National Housing Act program.Hannity didn't mention this link to the department when he interviewed HUD Secretary Ben Carson on Fox News in June 2017.The Guardian reported that some of the properties Hannity acquired were purchased "after banks foreclosed on their previous owners for defaulting on mortgages." The purchases were spread across states including Alabama and New York, according to the report."Hannity is the hidden owner behind some of the shell companies and his attorney did not dispute that he owns all of them," the Guardian reported. The newspaper said those shell companies are limited liability companies, which are "popular among well-known figures such as Hannity who wish to keep their business arrangements private."In an email to The Guardian, Hannity real estate attorney Christopher Reeves said the transactions were highly confidential and said, "most people prefer to keep their legal and personal financial issues private. Mr Hannity is no different." (Reeves is married to a CNN executive.)In a statement Monday morning, Hannity said, "It is ironic that I am being attacked for investing my personal money in communities that badly need such investment and in which, I am sure, those attacking me have not invested their money." He denied having any role in HUD's involvement in the investment."The fact is, these are investments that I do not individually select, control, or know the details about; except that obviously I believe in putting my money to work in communities that otherwise struggle to receive such support," Hannity said.Last week, it was revealed in court that Hannity is a client of President Donald Trump's personal lawyer Michael Cohen, a relationship the Fox News commentator hadn't previously disclosed.Following that revelation, Hannity said that he never retained Cohen "in the traditional sense" and that their conversations were "almost exclusively about real estate."Fox News said last week that it had been "unaware of Sean Hannity's informal relationship with Michael Cohen." It said it reviewed the matter and spoke to Hannity, who "continues to have our full support."  2884

Fox News has fired news anchor Ed Henry after it received a complaint about workplace sexual misconduct by him. The network says it hired an outside investigator to look into the charge after getting the complaint on June 25, and fired Henry on the basis of what was found. Henry co-anchored the news hours between 9 a.m. and noon, Eastern time. He had rehabilitated his career at Fox after taking a four-month leave of absence that ended in 2017 after published reports that he had an extramarital affair. Fox said the current complaint was based on an incident that happened "years ago." 597

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