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Wall Street extends losing streak after weak jobs report

Traders work on the floor of the NYSE in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid

March 8, 2019

NEW YORK (Reuters) – Wall Street’s main stock indexes fell for a fifth straight session on Friday and posted their biggest weekly declines since the market tumbled at the end of 2018, as a weak U.S. jobs report ignited more concerns about the global economy.

The Dow Jones Industrial Average fell 23.12 points, or 0.09 percent, to 25,450.11, the S&P 500 lost 5.89 points, or 0.21 percent, to 2,743.04 and the Nasdaq Composite dropped 13.32 points, or 0.18 percent, to 7,408.14.

(Reporting by Lewis Krauskopf; Editing by James Dalgleish)

Source: OANN

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11 die as elevator cable snaps at work site in north China

Chinese state media say 11 workers were killed and two seriously injured when the cable on an elevator snapped at a construction site in northern China.

The Voice of China radio said the accident occurred early Thursday morning in the Hebei province city of Hengshui.

It is the latest in a series of industrial accidents this year that have killed scores of workers, underscoring shoddy enforcement of safety regulations and a desire to cut corners as the economy slows.

In March, 78 people were killed in a blast at a chemical plant in the Jiangsu province city of Yancheng that had numerous safety violations, making it one of China's worst industrial accidents in recent years.

Source: Fox News World

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Lara Trump: President’s Campaign Not Nervous Over Biden

Joe Biden's presidential campaign launch announcement is not making President Donald Trump's re-election campaign nervous, his daughter-in-law and senior campaign adviser Lara Trump said Thursday.

"He made us wait so long to announce he was running for president," she told Fox News' "America's Newsroom." "With the campaign, it doesn't make us nervous. Joe Biden is among a sea of other candidates who quite frankly are all trying to out-Bernie [Sanders] one another."

She said she did not hear any proposals for the future in Biden's announcement, but instead "race baiting as usual . . . identity politics is something that I think we'll see more of, and we saw it there."

Trump added she is not concerned about Biden defeating the president in Pennsylvania, as voters there elected him to office because he promised them he would get their jobs back that were taken away by President Barack Obama, "who I might remind folks was a partner right alongside Joe Biden and got a lot of nothing accomplished."

However, she said, President Trump brought the jobs back and "that's something the people of Pennsylvania are incredibly grateful for."

She also criticized Hillary Clinton for her call to conduct hearings on the president after special counsel Mueller's report.

"It is pretty rich coming from a woman who, against the direction of the FBI, deleted 33,000 emails, destroyed cell phones with hammers, and used BleachBit to wipe their servers," Trump said. "This is just more of the same from the Democrats. The Mueller report showed there was no collusion with Russia. The president and our campaign did absolutely nothing wrong."

Source: NewsMax America

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Caesars says continues to look at options after Icahn urges sale of company

The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, in seen in Las Vegas
The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. REUTERS/Las Vegas Sun/Steve Marcus/File Photo

February 20, 2019

(Reuters) – Caesars Entertainment Corp said on Wednesday it will continue to look at options for the company, a day after activist investor Carl Icahn urged the U.S. casino operator to consider selling itself.

Icahn, who disclosed a 9.78 percent stake in Caesars on Tuesday, is also seeking board representation.

“The board and management have engaged in discussions with Mr. Icahn and expect to continue a constructive dialogue,” Caesars said in a statement.

“The board remains open to all reasonable alternatives to enhance value for Caesars’ stockholders and has and will continue to evaluate strategic alternatives presented to it,” the company added.

Icahn’s push for a sale of the company comes after Caesars rejected a merger approach last year by Tilman Fertitta, the billionaire owner of Golden Nugget Casinos.

Caesars, whose casinos include the Harrah’s and Horseshoe brands, emerged from bankruptcy in 2017 after failing to cope with some $25 billion in debt.

Its long-term debt stood at about $8.81 billion as of Sept. 30, 2018.

(Reporting by Rama Venkat in Bengaluru; Editing by Shailesh Kuber)

Source: OANN

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Dems postpone deadline for Trump financial records pending lawsuit, in win for White House

House Democrats have agreed to postpone their imminent deadline for President Trump to turn over years of financial documents pending a court ruling on his lawsuit to block such a release, handing a major victory to the White House and, for now, vindicating Trump's decision to take the matter to court.

Trump's lawyers on Monday sued to block a subpoena issued by members of Congress to the accounting firm Mazars USA LLC for an array of Trump's financial information, including annual statements, periodic financial reports and independent auditors reports.

Mazars produced, among other documents, “statements of financial condition” for Trump before he became president, outlining his net worth in ways Democrats have charged may have been intentionally misleading.

Trump's suit named Rep. Elijah Cummings, the Democratic chairman of the House Committee on Oversight and Reform, and Peter Kenny, the chief investigative counsel of the House committee, as its plaintiffs. The complaint, filed in a Washington federal court, argued that the subpoena "has no legitimate legislative purpose"and is simply intended to harass the president.

MUELLER REPORT DEBUNKS RUSSIA 'BOMBSHELLS' LEFT AND RIGHT 

A hearing in the case has been set for May 14, and Democrats have agreed to delay the response date on their subpoena until seven days after the court issues a ruling.

House Oversight and Reform Committee Chair Elijah Cummings, D-Md., speaks to reporters about issuing subpoenas as part of his investigation of people in President Donald Trump's administration who were granted security clearances despite "disqualifying issues" in their backgrounds, on Capitol Hill in Washington, Tuesday, April 2, 2019. (AP Photo/J. Scott Applewhite)

House Oversight and Reform Committee Chair Elijah Cummings, D-Md., speaks to reporters about issuing subpoenas as part of his investigation of people in President Donald Trump's administration who were granted security clearances despite "disqualifying issues" in their backgrounds, on Capitol Hill in Washington, Tuesday, April 2, 2019. (AP Photo/J. Scott Applewhite)

Separately, the administration defied a demand from Ways and Means Committee Chairman Richard Neal, D-Mass., to turn over six years of Trump's tax returns by the close of business on Tuesday.

Treasury Secretary Steven Mnuchin said in a letter to Neal on Tuesday that he was waiting for a Justice Department opinion on whether it is permissible to turn over the president's returns to Congress without his consent, and that a final decision is expected by May 6.

Mnuchin made clear in no uncertain terms, though, that the Democrats' request was "unprecedented," and that ordinary requests from Congress for taxpayer information were efforts to inform tax law drafting -- not to expose the private information of a particular taxpayer.

Mnuchin also argued that while Democrats claim they are acting in their oversight capacity, there has been an ongoing effort for several years, by various actors, to expose Trump's returns "for the sake of exposure" and politicial gain.

Mnuchin wrote that the Treasury Department does not share Democrats' "confidence that there is no limit to the willingness of the courts to accept obviously pretextual legislative justifications for information demands -- particularly when private tax information is at risk."

While Mnuchin noted that IRS provisions grant Congress the authority in some cases to obtain tax information, he pointed out that "the law does not allow Congress to set a deadline for the response for this request of a person’s tax returns.”

WATCH TRUMP'S SARCASTIC RESPONSE TO DEMS' NEW TAX RETURN REQUEST

The Trump administration generally has signaled that Democrats' efforts to obtain the tax returns will be fruitless. Acting White House Chief of Staff Mick Mulvaney had told "Fox News Sunday" earlier this month that Democrats would "never" see the returns.

Mnuchin got into a fiery viral exchange with U.S. Rep. Maxine Waters, the Financial Services Committee chair, just weeks ago at a televised hearing that touched on the issue.

Neal hasn't announced next steps after sending two letters to IRS Commissioner Charles Rettig demanding Trump's taxes. But he could opt next to issue a subpoena to enforce his demand, sent under a 1924 law that requires the Treasury secretary to furnish any tax return requested by a handful of lawmakers with responsibility over the IRS.

In another parallel congressional probe, Cummings, D-Md., has said the White House is in "open defiance" of his panel after lawyers advised a former official to ignore a separate subpoena related to the committee's investigation of White House security clearances.

Cummings said Tuesday in a statement that "it appears that the president believes that the Constitution does not apply to his White House, that he may order officials at will to violate their legal obligations, and that he may obstruct attempts by Congress to conduct oversight."

He added the White House "has refused to produce a single piece of paper or a single witness" in any of the panel's investigations this year. Democrats took control of the House in January.

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Cummings said he is consulting with other lawmakers and staff about scheduling a vote to hold former White House personnel security director Carl Kline in contempt of Congress after Kline did not show up on Tuesday for a scheduled deposition.

The committee subpoenaed Kline after one of his former subordinates told the panel that dozens of people in Trump's administration were granted security clearances despite "disqualifying issues" in their backgrounds.

Fox News' Bill Mears, Alex Pappas, Lawrence Edward, Mike Emanuel and The Associated Press contributed to this report.

Source: Fox News Politics

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TOMMY BLACKOUT: British MPs force YouTube to BAN Tommy Robinson From Streaming Live

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Man with banner scales crane before Trump speech in Florida

A man with a banner and an American flag climbed a construction crane near a Florida campus where President Donald Trump was scheduled to speak Monday.

The Miami Herald reports the man spent about two hours atop the crane at the northern edge of the Florida International University campus in the Miami suburb of Sweetwater.

It was unclear what was written in black on the man's white banner. Only the words "Mr. Presidente" were visible, with the rest of the banner twisted in the wind.

Police had blocked off streets around the campus and warned traffic would be interrupted by Trump's visit.

The president was expected to speak about the political turmoil in Venezuela. The campus is just south of Doral, a city home to the largest concentration of Venezuelans in the U.S.

___

Information from: The Miami Herald, http://www.herald.com

Source: Fox News National

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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.

CLICK HERE TO GET THE FOX NEWS APP.

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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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

CLICK HERE TO GET THE FOX NEWS APP

Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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German carmaker Daimler endured a weak start to the year, echoing troubles at other major manufacturers, as sales in the big Chinese market stuttered.

The company said Friday that its net income fell to 2.1 billion euros ($2.3 billion) in the first quarter from 2.3 billion euros during the same period a year earlier, while revenue dipped to 39.7 billion euros from 39.8 billion euros.

Vehicle sales fell 4% to 773,800 units, with a double-digit percentage drop in China offsetting gains in other markets like the U.S. and Europe.

The company said there were also problems with high inventories and bottlenecks in the supply chain.

Chairman Dieter Zetsche said that “we cannot and will not be satisfied with this — as expected — moderate start to the year.”

Source: Fox News World

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