Upcoming shows
Real News

NOW ON AIR
Now On Air

Alex Jones – Info Wars

12:00 pm 4:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Alabama's Roy Moore Considers New Senate Run

Alabama Republican Roy Moore, whose unsuccessful 2017 campaign for the U.S. Senate was marred by allegations he sexually assaulted or pursued teenage girls while in his 30s, said on Friday that he may again run for the Senate.

In an interview on the Christian program "Focal Point" on American Family Radio, host Bryan Fischer asked Moore about the 2020 race for the Senate in Alabama. "Tell me what you're thinking about throwing your hat back into the ring," Fischer said.

"I'm seriously considering it, I think that it (the 2017 Senate race) was stolen," Moore responded, citing what he described as misinformation campaigns against him.

Senator Doug Jones, a former federal prosecutor, defeated Moore by a narrow margin in a special election in December 2017 to fill the seat vacated by Republican Jeff Sessions when he became U.S. attorney general. Jones was the first Democrat in a quarter-century to be elected to the U.S. Senate in conservative-leaning Alabama.

If Moore, a 72-year-old former chief judge in Alabama known for staunchly conservative views, does decide to run for the Senate in 2020 and secures the Republican nomination, he could find himself facing Jones again. The term that Jones was elected to fill expires at the end of 2020.

Moore's 2017 campaign to fill Sessions' seat was beset by allegations from women who told the Washington Post that he had sexually assaulted or pursued them while he was in his 30s and they were teenagers. Moore denied the misconduct allegations.

In January, Alabama's Republican attorney general, Steve Marshall, asked federal elections officials to investigate allegations that the 2017 special election was tainted by use of a misleading social media campaign against Moore.

The New York Times has reported that Democratic operatives sought to undermine Moore by creating a Facebook page claiming his supporters wanted to ban alcohol in the state. The newspaper has also reported that Democrats created a separate "false flag" Facebook page to portray Moore as supported by Russian bot accounts.

U.S. Representative Bradley Byrne is the only Republican in Alabama so far, who has formally pledged to run for the Senate in 2020, according to a report from AL.com, the website of Alabama Media Group.

Source: NewsMax Politics

0 0

Seoul: North Korea withdrew staff from liaison office

South Korea says North Korea has withdrawn its staff from an inter-Korean liaison office in North Korea.

The development came after the second U.S.-North Korea summit talks in Vietnam last month collapsed due to disputes over U.S.-led sanctions on the country.

Seoul's Unification Ministry said Friday that North Korea informed South Korea of its decision during a contact at the liaison office at the North Korean border town of Kaesong.

The ministry calls the North's decision "regrettable."

It says the North didn't give a specific reason for its move.

The liaison office opened last September as part of a flurry of reconciliation steps.

Source: Fox News World

0 0

President Rouhani inspects flood damage in northern Iran

Iranian President Hassan Rouhani is seen during his visit after flooding in Golestan province
Iranian President Hassan Rouhani is seen during his visit after flooding in Golestan province, Iran March 27, 2019. Official Iranian President website/Handout via REUTERS

March 27, 2019

LONDON (Reuters) – President Hassan Rouhani on Wednesday inspected damage caused by flash floods in northern Iran and promised compensation to all those affected, as the nationwide death toll from what he called an “unprecedented” natural disaster reached 26.

Rouhani, accused by critics of mishandling the crisis, took several cabinet ministers with him to Golestan Province, whose governor was dismissed on Saturday amid public outrage over his absence from work. He had been abroad when the disaster hit.

At least 26 people have been confirmed dead and hundreds suffered injuries in the floods, officials said on Wednesday.

In a country more accustomed to drought, Rouhani said the floods, caused by torrential rain, had affected 25 of Iran’s 31 provinces and that the scale of the disaster had overwhelmed emergency services in some areas.

“The government will use all means and will compensate all those who have sustained damages to their houses, businesses and farms,” Rouhani was quoted as saying by the state media.

Rouhani’s hardline rivals have accused the government of doing too little, too late. The head of the judiciary, Ebrahim Raisi, said on Tuesday that officials who mishandled the disaster and caused the death of civilians could face prosecution.

Tens of thousands of people have been displaced, and thousands put in emergency shelters provided by the government, state media said.

Iran is celebrating the Nowrouz new year holidays, a time when many families travel around the country, but police asked people to avoid unnecessary journeys.

National Iranian Gas Company said its pipeline network across the country had not been affected by the floods and that domestic and industrial consumers should not be concerned.

(Reporting by Bozorgmehr Sharafedin; Editing by Gareth Jones)

Source: OANN

0 0

Police: 81-year-old woman killed in bus crash

Authorities say a New York woman is one of two people killed when a bus overturned on an Interstate 95 exit in Virginia.

Virginia State Police announced Wednesday that 81-year-old Janetta Cumberbatch of Jamaica, New York, was killed in the crash early Tuesday. Police say they're still trying to reach relatives of a man who was also killed.

State police say the Tao's Travel Inc. bus was traveling from Florida to New York with 57 people aboard when it entered the exit ramp. The bus ran off the left side and overturned. Police say investigators consider speed a factor. The surviving passengers' injuries ranged from minor to serious.

The bus driver, 40-year-old Yui Man Chow of Staten Island, New York, is charged with two counts of involuntary manslaughter.

Source: Fox News National

0 0

Identity Politics Is Race Baiting Poison

DNA Force Plus

Limited Advanced Release

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body's cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

0 0

Midwest bracing for more 'unprecedented' flooding that has shattered record-high river levels

Residents in Kansas and Missouri were steeling themselves Monday for the deadly and “unprecedented” flooding that's already saturated large portions of the Midwest, mangling hundreds of homes and raising the Missouri River above record water levels in many areas.

In Atchison, Kansas, a city with a population of more than 10,000, businesses are reported to be piling up sandbags as the National Weather Service is forecasting river levels to reach 30 feet there later this week – something likely to prompt major flooding.

“It’s not looking good at all,” Sara Tull, a local resident, told KCTV. “I think it’s [going to] get us this time and I hate to say that.”

Gabe Schmidt, owner of Liquid Trucking, back right, travels by air boat with Glenn Wyles, top left, Mitch Snyder, bottom right, and Juan Jacobo, bottom left, as they survey damage from the flood waters of the Platte River, in Plattsmouth, Neb., on Sunday.

Gabe Schmidt, owner of Liquid Trucking, back right, travels by air boat with Glenn Wyles, top left, Mitch Snyder, bottom right, and Juan Jacobo, bottom left, as they survey damage from the flood waters of the Platte River, in Plattsmouth, Neb., on Sunday.

NEBRASKA FARMER WHO DIED TRYING TO RESCUE A STRANGER FROM FLOODWATERS IS HAILED AS A HERO

Some of the city’s residents have already left for higher ground. Other communities in states like Nebraska are still reeling Monday from floods that swept through the region in recent days. And serious flooding is expected to continue there over the next few days, despite river depths leveling off in some parts, the Associated Press is reporting.

"This area's had flooding before but not of this magnitude," said Greg London of the Sarpy County Sheriff's Office, where 500 homes are estimated to be damaged. "This is unprecedented."

The damage in Sarpy County followed breaches of levees along the Platte River on Thursday and Saturday, and a Missouri River levee break on Thursday. The two rivers converge there.

In Iowa, the Missouri River reached 30.2 feet Sunday in Fremont County in the state's far southwestern corner, two feet above the record set in 2011. Around 250 people in the towns of Bartlett and Thurman were being evacuated as levees were breached and overtopped.

County Emergency Management Director Mike Crecelius said it wasn't just the amount of the water, it was the swiftness of the current that created a danger.

"This wasn't a gradual rise," Crecelius said. "It's flowing fast and it's open country — there's nothing there to slow it down."

EXTREME FLOODING HINDERS RESCUES ACROSS MIDWEST

Lucinda Parker of Iowa Homeland Security & Emergency Management told the Associated Press that nearly 2,000 people overall have been evacuated at eight Iowa locations since flooding began late last week.

The floods were prompted by a late-season “bomb cyclone” that brought heavy rains and eventual snowmelt to the Midwest.

Hundreds of people also remain out of their homes in Nebraska, where floodwaters reached record levels at 17 locations.

The Missouri River has flooded Offutt Air Force Base, with about one-third of it underwater on Sunday. Spokeswoman Tech. Sgt. Rachelle Blake told the Omaha World-Herald that 60 buildings, mostly on the south end of the base, have been damaged, including about 30 completely inundated with as much as 8 feet of water.

At least two Nebraskans have died in the floodwaters while nearly 300 more have been rescued.

Aleido Rojas Galan, 52, of Norfolk, was swept away Friday night in southwestern Iowa, when the vehicle he was in went around a barricade. Two others in the vehicle survived — one by clinging to a tree. On Thursday, Nebraska farmer James Wilke, 50, died when a bridge collapsed as he used a tractor to try and reach stranded motorists.

Two men remained missing Monday. A Norfolk man was seen on top of his flooded car late Thursday before being swept away. Water also swept away a man after a dam collapse.

Downstream in St. Joseph, Missouri, home to 76,000 people, volunteers are helping to fill sandbags to help secure a levee protecting an industrial area. Calls were out for even more volunteers in hopes of filling 150,000 sandbags by Tuesday, when the Missouri River is expected to climb to 27 feet — 10 feet above technical flood stage.

CLICK HERE TO GET THE FOX NEWS APP

The rising Mississippi River also was creating concern. The Mississippi was already at major flood level along the Iowa-Illinois border, closing roads and highways and swamping thousands of acres of farmland. Moderate Mississippi River flooding was expected at several Missouri cities, including St. Louis.

Flooding has also been reported in Minnesota, South Dakota and Wisconsin. In Green Bay, Wisconsin, officials said residents who evacuated their homes could return now that floodwaters have receded there.

The Associated Press contributed to this report.

Source: Fox News National

0 0

California jury orders J&J to pay $29 million in latest talc cancer trial

FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California
FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo

March 14, 2019

(Reuters) – A California jury on Wednesday ordered Johnson & Johnson to pay $29 million to a woman who alleged that asbestos in the company’s talcum-powder-based products, including Johnson’s Baby Powder, caused her mesothelioma, the latest defeat for the healthcare conglomerate which is facing thousands of similar lawsuits.

J&J denies allegations that its talc causes cancer, saying numerous studies and tests by regulators worldwide have shown that its talc is safe and asbestos-free.

The New Jersey-based company is likely to appeal the verdict, which was made in California Superior Court in Oakland.

(Reporting by Tina Bellon; Editing by Bill Rigby)

Source: OANN

NOW ON AIR
Now On Air

Alex Jones – Info Wars

12:00 pm 4:00 pm



FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, days after a string of suicide bomb attacks on Easter Sunday, in Colombo
FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, five days after a string of suicide bomb attacks on Catholic churches and luxury hotels across the island on Easter Sunday, in Colombo, Sri Lanka April 26, 2019. REUTERS/Dinuka Liyanawatte/File Photo

April 26, 2019

By Tom Lasseter and Shri Navaratnam

KATTANKUDY, Sri Lanka (Reuters) – Mohamed Hashim Mohamed Zahran was 12 years old when he began his studies at the Jamiathul Falah Arabic College. He was a nobody, with no claim to scholarship other than ambition.

Zahran and his four brothers and sisters squeezed into a two-room house with their parents in a small seaside town in eastern Sri Lanka; their father was a poor man who sold packets of food on the street and had a reputation for being a petty thief.

“His father didn’t do much,” recalled the school’s vice principal, S.M. Aliyar, laughing out loud.

The boy surprised the school with his sharp mind. For three years, Zahran practiced memorizing the Koran. Next came his studies in Islamic law. But the more he learned, the more Zahran argued that his teachers were too liberal in their reading of the holy book.

“He was against our teaching and the way we interpreted the Koran – he wanted his radical Islam,” said Aliyar. “So we kicked him out.”

Aliyar, now 73 with a long white beard, remembers the day Zahran left in 2005. “His father came and asked, ‘Where can he go?’.”

The school would hear again of Mohamed Zahran. And the world now knows his name. The Sri Lankan government has identified him as the ringleader of a group that carried out a series of Easter Sunday suicide bombings in the country on April 21.

The blasts killed more than 250 people in churches and luxury hotels, one of the deadliest-ever such attacks in South Asia. There were nine suicide bombers who blew apart men, women and children as they sat to pray or ate breakfast.

Most of the attackers were well-educated and from wealthy families, with some having been abroad to study, according to Sri Lankan officials.

That description does not, however, fit their alleged leader, a man said to be in his early 30s, who authorities say died in the slaughter. Zahran was different.

INTELLIGENCE FAILINGS

Sri Lanka’s national leadership has come under heavy criticism for failing to heed warnings from Indian intelligence services – at least three in April alone – that an attack was pending. But Zahran’s path from provincial troublemaker to alleged jihadist mastermind was marked by years of missed or ignored signals that the man with a thick beard and paunch was dangerous.

His increasingly militant brand of Islam was allowed to grow inside a marginalized minority community – barely 10 percent of the country’s roughly 20 million people are Muslim – against a backdrop of a dysfunctional developing nation.

The top official at the nation’s defense ministry resigned on Thursday, saying that some institutions under his charge had failed.

For much of his adult life, Zahran, 33, courted controversy inside the Muslim community itself.

In the internet age, that problem did not stay local. Zahran released online videos calling for jihad and threatening bloodshed.

After the blasts, Islamic State claimed credit and posted a video of Zahran, clutching an assault rifle, standing before the group’s black flag and pledging allegiance to its leader.

The precise relationship between Zahran and Islamic State is not yet known. An official with India’s security services, who spoke on condition of anonymity, said that during a raid on a suspected Islamic State cell by the National Investigation Agency earlier this year officers found copies of Zahran’s videos. The operation was in the state of Tamil Nadu, just across a thin strait of ocean from Sri Lanka.

“LIKE A SPOILED CHILD”

Back in 2005, Zahran was looking to make his way in the world. His hometown of Kattankudy is some seven hours’ drive from Colombo on the other side of the island nation, past the countless palm trees, roadside Buddha statues, cashew hawkers and an occasional lumbering elephant in the bush. It is a town of about 40,000 people, a dot on the eastern coast with no clear future for an impoverished young man who’d just been expelled.

Zahran joined a mosque in 2006, the Dharul Athar, and gained a place on its management committee. But within three years they’d had a falling out.

“He wanted to speak more independently, without taking advice from elders,” said the mosque’s imam, or spiritual leader, M.T.M. Fawaz.

Also, the young man was more conservative, Fawaz said, objecting, for instance, to women wearing bangles or earrings.

“The rest of us come together as community leaders but Zahran wanted to speak for himself,” said Fawaz, a man with broad shoulders lounging with a group of friends in a back office of the mosque after evening prayers. “He was a black sheep who broke free.”

Mohamed Yusuf Mohamed Thaufeek, a friend who met Zahran at school and later became an adherent of his, said the problems revolved around Zahran’s habit of misquoting Islamic scriptures.

The mosque’s committee banned him from preaching for three months in 2009. Zahran stormed off.

“We treated him like a spoiled child, a very narrow-minded person who was always causing some trouble,” said the head of the committee, Mohamed Ismail Mohamed Naushad, a timber supplier who shook his head at the memory.

Now on his own, Zahran began to collect a group of followers who met in what Fawaz described as “a hut”.

At about that time, Zahran, then 23, married a young girl from a small town outside the capital of Colombo and brought his bride back to Kattankudy, according to his sister, Mathaniya.

“I didn’t have much of a connection with her – she was 14,” she said.

Despite being “a bit rough-edged”, Zahran was a skilled speaker and others his age were drawn to his speeches and Koranic lessons, said Thaufeek. He traveled the countryside at times, giving his version of religious instruction as he went.

Also, Zahran had found a popular target: the town’s Sufi population, who practice a form of Islam often described a mystical, but which to conservatives is heresy.

Tensions in the area went back some years. In 2004, there was a grenade attack on a Sufi mosque and in 2006 several homes of Sufis were set afire. Announcements boomed from surrounding mosques at the time calling for a Sufi spiritual leader to be killed, said Sahlan Khalil Rahman, secretary of a trust that oversees a group of Sufi mosques.

He blamed followers of the fundamentalist Wahhabi strain of Islam that some locals say became more popular after funding from Saudi Arabia, the birthplace of Wahhabism, flowed to mosques in Kattankudy.

It was, Rahman said, an effort “to convert Sufis into Wahhabis through this terrorism”. Rahman handed over a photograph album showing charred homes, bullet holes sprayed across an office wall and a shrine’s casket upended.

ONLINE RADICAL

It was an ideal backdrop for Zahran’s bellicose delivery and apparent sense of religious destiny.

He began holding rallies, bellowing insults through loudspeakers that reverberated inside the Sufis’ house of worship as they tried to pray.

In 2012, Zahran started a mosque of his own. The Sufis were alarmed and, Rahman said, passed on complaints to both local law enforcement and eventually national government offices. No action was taken.

The then-officer in charge of Kattankudy police, Ariyabandhu Wedagedara, said in a telephone interview that he couldn’t arrest people simply because of theological differences.

     “The problem at the time was between followers of different Islamic sects – Zahran was not a major troublemaker, but he and followers of other sects, including the Sufis, were at loggerheads,” Wedagedara said.

Zahran found another megaphone: the internet. His Facebook page was taken down after the bombings, but Muslims in the area said his video clips had previously achieved notoriety.

His speeches went from denouncing Sufis to “kafirs”, or non-believers, in general. Zahran’s sister, Mathaniya, said in an interview that she thought “his ideas became more radical from listening to Islamic State views on the Internet”.

In one undated video, Zahran, in a white tunic and standing in front of an image of flames, boomed in a loud voice: “You will not have time to pick up the remains of blown-up bodies. We’ll keep sending those insulting Allah to hell.”

“HARD TO TAKE”

Zahran spoke in Tamil, making his words available to young Muslims clicking on their cellphones in Kattankudy and other towns like it during a period when, in both 2014 and 2018, reports and images spread of Sinhalese Buddhists rioting against Muslims in Sri Lanka.

In 2017, Zahran’s confrontations boiled over. At a rally near a Sufi community, his followers came wielding swords. At least one man was hacked and hospitalized. The police arrested several people connected to Zahran, including his father and one of his brothers. Zahran slipped away from public view.

That December, the mosque Zahran founded released a public notice disowning him. Thaufeek, his friend from school, is now the head. He counted the places that Zahran had been driven away from – his school, the Dharul Athar mosque and then, “we ourselves kicked him out, which would have been hard for him to take”.

The next year, a group of Buddha statues was vandalized in the town of Mawanella, about five hours drive from Kattankudy. There, in the lush mountains of Sri Lanka’s interior, Zahran had taken up temporary residence.

“He was preaching to kill people,” said A.G.M. Anees, who has served as an imam at a small mosque in the area for a decade. “This is not Islam, this is violence.”

Zahran went into hiding once more.

On the Thursday morning before the Easter Sunday bombings, Zahran’s sister-in-law knocked on the door of a neighbor who did seamstress work near Kattankudy. She handed over a parcel of fabric and asked for it to be sewn into a tunic by the end of the day.

“She said she was going on a family trip,” said the neighbor, M.H. Sithi Nazlya.

Zahran’s sister says that her parents turned off their cellphones on the Friday. On Sunday, when she visited their home, they were gone.

She does not know if Zahran arranged for them to be taken somewhere safe. Or why he would have carried out the bombing.

But now in Kattankudy, and in many other places, people are talking about Mohamed Hashim Mohamed Zahran.

(Reporting by Tom Lasseter and Shri Navaratnam; Additional reporting by Sanjeev Miglani, Shihar Aneez and Alasdair Pal; Editing by John Chalmers and Alex Richardson)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
A Wells Fargo logo is seen in New York City
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

April 26, 2019

By Jessica DiNapoli and Imani Moise

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said.

Wells Fargo’s ambition to become the only major U.S. bank with a female CEO underscores the need to restore its image with a wide range of constituents, including customers, shareholders, regulators and politicians, after it became mired in a scandal in 2016 for opening potentially millions of unauthorized accounts.

Former CEO Tim Sloan left abruptly last month, becoming the second CEO to leave the bank in the scandal’s fallout.

The board plans to approach Citigroup Inc’s Latin America chief Jane Fraser, one of the sources said. During Fraser’s 15-year tenure at Citigroup, she has gained experience running consumer and commercial businesses as well as its private bank.

Fraser could not be immediately reached for comment.

The board also discussed approaching JPMorgan Chase & Co’s Marianne Lake, but after the bank named her to run JPMorgan’s consumer lending business last week, that option became less viable, the source added. The board wants someone who can convince regulators, employees, investors and customers that the bank has fixed problems underpinning the sales scandal, the sources said.

The bank’s board feels that choosing a woman might please lawmakers in Washington who have been critical not only of Wells Fargo’s misbehavior, but of the broader banking industry for a lack of diversity and gender equality, said the sources, who spoke on the condition of anonymity.

It also believes that such a move could bolster Wells Fargo’s image with the households of customers where women play a leading role in managing finances, one of the sources added.

The new CEO will also have to resolve litigation and regulatory matters. There are 14 outstanding consent orders with government entities, as well as probes by the U.S. Securities and Exchange Commission, the Department of Labor and the Department of Justice.

To be sure, Spencer Stuart will approach and consider several male candidates for the CEO job as well, one of the sources said. The top priority is to find an external candidate who can navigate the bank’s regulatory issues, the source added.

Finding an outsider who meets all those qualifications and wants the job will be difficult, the sources said. There are few people with the necessary experience, even fewer of those who are women, and it is not clear if any of the obvious candidates would be open to taking the role.

The sources asked not to be identified because Wells Fargo’s board deliberations are confidential.

Spokespeople for Wells Fargo and Spencer Stuart declined to comment.

Wells Fargo’s board has not made any public statements about its requirements for a new CEO, beyond Chair Betsy Duke saying the job should attract the “top talent in banking.”

The board wants to complete the search within the next three to six months, one of the sources said.

STALLED SHARES

After Sloan’s ouster, Wells Fargo’s board appointed Allen Parker, who had been general counsel, as interim CEO. The board has said it is looking for an external candidate as a permanent replacement. It is not clear whether Parker will stay at the bank.

Others whose names have been mentioned by analysts, recruiters and industry sources as perspective CEO candidates include Alphabet Inc finance chief Ruth Porat and Bank of America Corp’s chief technology officer Cathy Bessant.

Wells Fargo shares have stalled since Sloan’s departure on March 29th, while the KBW Bank index has rallied more than 7 percent.

Wells Fargo would be “the best stock on earth to buy” if it had the right CEO, said Greg Donaldson, chairman of Donaldson Capital Management in Indiana.

Donaldson held about 50,000 Wells Fargo shares, but sold the stake last year as problems mounted. The CEO change could convince him to re-invest, depending on who it is, he told Reuters.

“It would be very smart for them to get a woman,” he said.

(Reporting by Jessica DiNapoli and Imani Moise in New York; Editing by Lauren Tara LaCapra, Greg Roumeliotis and Susan Thomas)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist