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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 a hand recount of ballots in Georgia, President-elect Joe Biden maintained a 12,000-vote lead over President Donald Trump. The conclusion of the recount means that Biden is the projected winner of the state and its 16 Electoral College votes, according to the Associated Press. The once Republican stronghold, Georgia went for a Democratic presidential candidate for the first time since 1992. With all 50 states now called, Biden is projected to carry 306 Electoral College votes compared to 232 for Trump.The hand recount of nearly 5 million votes stemmed from an audit required by a new state law and wasn’t in response to any suspected problems with the state’s results or an official recount request. The state has until Friday to certify the results that have been certified and submitted by the counties. The recount added an additional 5,262 ballots that had gone previously uncounted, representing roughly .1% of the overall vote total. In the recount, Trump added a net of 496 votes, coming well short of cutting into Biden's lead.Once the results are certified, the losing campaign can request a recount. 1133

Fred Meyer stores will phase out all sales of guns and ammunition, according to parent company, Kroger."Fred Meyer has made a business decision to exit the firearms category," Kroger spokesperson Kristal Howard said in an emailed statement on Monday.The company said it made the decision last week "after evaluating changing customer preferences" and also "softening consumer demand" for guns for the last several years.Annual gun sales at Fred Meyer are million and "continue to decline," according to the company."More recently Fred Meyer has been transitioning away from gun departments as a result of the ongoing work to optimize space in Fred Meyer stores," the company said.The news comes after Kroger announced last week that the grocer will stop selling magazines featuring "assault rifles."Earlier this month, Kroger said its Fred Meyer stores would stop selling guns to anyone under 21, even though the law permits the sale of rifles to anyone 18 or older. Kroger has 45 Fred Meyer stores located in four Western states.This followed a decision by Dick's Sporting Goods Chief Executive Officer Edward Stack to stopping selling what he called "assault-style rifles" and high capacity magazines after a mass shooting at a high school in Parkland, Florida.Walmart, which stopped selling military-style semiautomatic rifles back in 2015, also recently raised its gun purchase age from 18 to 21.The-CNN-Wire 1423

Following Emergency Use Authorization by the FDA and a formal recommendation from the Centers for Disease Control and Prevention (CDC) over the weekend, the first Americans began receiving Pfizer's COVID-19 vaccine on Monday.As the sun rose on the east coast, medical professionals began distributing vaccines to patients who had lined up for an initial dose.In New York, Gov. Andrew Cuomo was there to witness the first injection in his state. According to Scripps station WPIX in New York City, the first person to receive the vaccine in the state was Sandra Lindsay, a nurse who works at Long Island Jewish Medical Center.Kentucky Gov. Andy Beshear was also on hand to see the first injections in his commonwealth.At 2:30 p.m. ET in Washington, D.C., Health and Human Services Director Alex Azar and Surgeon General Jerome Adams will be on hand to witness as health care workers at George Washington University Hospital will be among the first to receive the vaccine.The first injections of the vaccine came the same day that the U.S. is expected to surpass 300,000 COVID-19 deaths. As of Monday morning, Johns Hopkins reports that the U.S. had total 299,000 deaths; the country has seen more than 2,000 deaths a day in recent weeks.On Friday night, the FDA made the much-anticipated move to approve Pfizer's COVID-19 vaccine candidate for Emergency Use. The move allows the U.S. to begin inoculating Americans against COVID-19, which is currently spreading and killing at rates not yet seen during the pandemic.The FDA prompted Pfizer to begin shipping the first doses of the vaccine nationwide. On Sunday, the CDC issued a recommendation for the vaccine, giving health care professionals to start distributing shots to those that want them.Pfizer's vaccine requires two doses, which need to be taken 21 days apart. Everyone who receives an initial dose on Monday will need to return next month to complete the process.Pfizer's development of a COVID-19 vaccine — which studies have shown to be 95% effective in preventing the virus — in under a year is nothing short of a medical miracle. The previous speed record for vaccine development occurred in the 1960s when researchers developed a vaccine for the mumps in just four years.However, plenty of obstacles remain for the U.S. amid the pandemic. Anywhere from about 30% to 50% of Americans have expressed skepticism in getting a COVID-19. Health care experts suspect that about 70% of Americans would need COVID-19 antibodies in order to reach herd immunity.A COVID-19 vaccine developed by Moderna is expected to be granted Emergency Use Authorization later this week, and health care professionals could begin distributing that vaccine as soon as next week.An earlier version of this story mistakenly stated that the two doses of Pfizer's vaccine needed to be taken 28 days apart. 2847

Financial fallout from the pandemic is hitting millennials hard — and many will soon turn to their parents for help, if they haven’t already.Before parents ride to the rescue, financial planners urge them to map out a strategy that doesn’t just plug a short-term need but also makes sense in the long run.“Often the heartstrings will get pulled — ‘I really have to help them!’— but it can be detrimental to the parent,” says certified financial planner Jeffrey L. Corliss of Westport, Connecticut.(Of course, financial aid can flow the other way, as many millennials help support their parents. I’m addressing parents here, but most of the advice applies to kids helping their folks as well.)Millennials losing jobs, incomeEven before the pandemic, millennials had lower median incomes, far more debt and a much smaller slice of the nation’s wealth than boomers had at the same age. Millennials — usually defined as those ages 24 to 39 — are more likely than older generations to have lost jobs or household income because of the pandemic, various surveys show.“I’ve already seen clients coming in, worried about their kids,” says CFP Deborah Badillo of Miami. “‘They’re going to lose the house! What can I do to help them?’”Have them explore alternativesEncourage your kids to take full advantage of available financial help before extending yours, Badillo says. They may not know, for example, that unemployment benefits have been dramatically expanded because of the pandemic. Weekly payments are higher and are available to people who normally wouldn’t qualify, including gig workers, the self-employed and people whose hours have been reduced.In addition, there are many more options for people struggling to pay debt. Most mortgages qualify for forbearance programs that allow homeowners to skip payments for up to a year. Hardship programs have been added or expanded by credit card companies and other lenders. Federal student loan payments have been paused until Sept. 30, and income-driven programs can reduce payment amounts after that.Another option is a coronavirus hardship withdrawal, which allows people to tap their IRAs and 401(k)s without penalty if they were physically or financially affected by COVID-19. The withdrawals are taxable, but if the money is paid back within three years those taxes are refundable. Raiding retirement funds isn’t ideal, of course, but your kids have many more years to replenish their retirement savings than you do.Assess your own situationWhile your kids are filing for unemployment and calling their lenders, take a moment to assess your own finances. Where will the cash for your kids come from? It’s one thing to give away money you’ve been saving for a vacation, since you’re unlikely to travel soon anyway. It’s quite another to undermine your own ability to retire or handle a layoff or other setback.Some parents make a conscious decision to operate with a smaller cushion, or to delay their retirements, to help their children, says CFP Lazetta Rainey Braxton in New York. Just keep in mind that you may not get to decide when you retire. Many workers retire earlier than expected, often because of a health problem or job loss. Helping your children now could mean you have to lean on them later, Braxton says. If you’re not sure how this financial aid will impact your future finances, a consultation with a fee-only financial advisor could bring you some clarity.Set some boundariesFinancial planners typically recommend deciding how much to give, and then setting clear boundaries about when the financial help will end. That’s tricky now, of course, because no one knows how long the current economic crisis will last.But parents can still set expectations in other ways, financial planners say. If the child didn’t have an emergency fund, for example, parents can discuss the importance of saving money out of every future paycheck, so the child won’t have to rely on family help again, Braxton says.“Some parents will just put on a Band-Aid and give them money, but they really haven’t helped in terms of their financial capacity,” Braxton says.If an adult child is moving back home, Corliss suggests a written contract outlining chores and responsibilities, such as how soon they’ll be expected to move out after finding a job. A similar end date can be set for any cash the parents hand out. Corliss says the message should be clear: “We expect you to get on your feet as soon as you can.”This article was written by NerdWallet and was originally published by The Associated Press.More From NerdWalletMortgage Relief Programs for Homeowners Hit by the Coronavirus CrisisWhat Is a Credit Card Hardship Program?Cashing Out a 401(k) Due to COVID-19? Consider These Things FirstLiz Weston is a writer at NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. 4841