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Fed’s Interest Rates Nothing But Crude Price Controls

When the Federal Reserve artificially manipulates interest rates, it’s messing with our minds by distorting important signals that prices provide in a free market. As investment guru Jim Grant put it in a recent article in Barron’s, central bank interest rates are nothing but crude price controls.

Like all price controls, the Fed’s interest rate mechanizations create some winners and some losers. But in the long run, the distortions caused by the central bank’s interventionist monetary policy makes us all losers.

Basic economic theory tells us price controls distort supply and demand curves. We see this in the housing shortages caused by government imposed rent controls. As Grant explains, Fed interest rate policies are nothing more than a mechanism to control the price of credit. And like all price controls, they create distortions.

“It’s a spotty form of control, granted—the bond market, where it’s allowed to function, still has a say in determining the price of credit. But central bankers’ thumbs press heavily on the scales.”

“So what?” you might say. Surely the central bankers know what they’re doing. But do they, really?


Mike Adams exposes the agenda of the private Fed as a war against the prosperity of Americans that simply want to make America great.

The biggest problem is that the constant tinkering with interest rates create massive distortions in the economy. And while they may help some people along the way, they hurt others. Grant points to the housing market. You’ll remember that distortions in the real estate market created low-interest rates coupled with government policy led to the 2007 crash and the ensuing Great Recession. Did the central bankers learn their lesson? Apparently not. In the wake of the financial crisis, the Federal Reserve pushed interest rates even lower and left them there for nearly a decade.

As Grant points out, this has certainly been a positive development for homeowners – the winners in this scenario. The price of houses has increased by 52% in the last decade. But there are losers as well.

“That has been a boon for homeowners, and even for home flippers (they’re back), but no boon at all for the 35% of Americans who rent. Since March 2009, consumer-price-index-calculated rents are up by 32% (as much as the rise in medical costs), against a 26% rise in nominal hourly wages. Then, too, outside New York, the apartment-dwelling portion of the population tends not to be the most affluent one. It’s the same population that derives no immediate benefit from corporate share repurchases conducted with proceeds of borrowed money at near record highs in equity valuations.”

And while creditors have benefited from the central bank’s manipulation, savers have suffered. According to a Wells Fargo analyst, American depositors have forfeited $500 billion to $600 billion in interest income over the past 10 years. That’s just assuming deposit rates would have been at least one percentage point higher in the absence of central bank control.


Gerald Celente break down what’s ahead as the Federal Reserve is crashing the debt & real estate bubble it created worldwide.

This is the essence of the business cycle. Artificially low-interest rates incentivize speculative borrowing and discourage savings. This is meant to “stimulate” the economy by driving up demand. It works – in the short run. But the lack of savings hinders capital formation and you can’t have a healthy economy over the long-term without capital investment. Eventually, the stimulus wears off and the bubbles burst.

The housing market isn’t the only place we see these economic distortions today. Speculative-grade corporate debt has “shockingly deteriorated.” In January 2007 – on the cusp of the Great Recession – 19.7% of subinvestment-grade borrowers were rated on the bottom rungs of Moody’s scales. Today, 43.6% of these borrowers are within that designation.

As Grant explains, artificially low interest rates are “disinhibitors.”

“They stir the blood, liberate the imagination, and quiet the still small voice of reason that can’t seem to get a word in edgewise. That voice would like to remind us that tiny yields forever lead to ‘impulsivity, disregard for financial norms, and faulty risk assessment.’ They cause sober investors to behave as if a jigger of scotch had been poured down their throats and into their empty stomachs.”

The thrust of Grant’s argument is that the Federal Reserve creates winners and losers. But in the long run, we all come out on the losing end of the bargain.

“Radical monetary policy, and the interest rates that go with it, advantage some, punish others. Speculators gain, savers lose. The rich do better than the poor. On balance, has the decade-long experiment in interest-rate suppression yielded the expected net benefit? The answer—no’—is best explained by the first economist who uttered the five wise words, ‘There ain’t no free lunch.’”


Alex Jones and a caller discuss how President Trump must now go on the offense.

Source: InfoWars

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Britain will not use high-risk vendors in critical parts of 5G networks: minister

FILE PHOTO: Britain's Minister for the Cabinet Office David Lidington speaks at the the British Chamber of Commerce annual conference in London
FILE PHOTO: Britain's Minister for the Cabinet Office David Lidington speaks at the the British Chamber of Commerce annual conference in London, Britain, March 28, 2019. REUTERS/Peter Nicholls/File Photo

April 25, 2019

GLASGOW, Scotland (Reuters) – Britain will not consider high risk equipment vendors in security critical parts of its next-generation 5G networks, Cabinet Office minister David Lidington said on Thursday.

Sources told Reuters on Wednesday Britain’s National Security Council had decided this week to bar China’s Huawei Technologies from all core parts of the 5G network and restrict its access to non-core parts.

Speaking at a cyber security conference in Glasgow, Scotland, Lidington said Britain had rigorous procedures to manage risk in its telecoms infrastructure and the government’s decision was based on “evidence and expertise not supposition or speculation.”

“We will not countenance high risk vendors in those parts of the UK’s 5G network that perform critical security functions,” he said.

“The government approach is not about one company or even one country, it is about ensuring stronger cyber security across telecoms, greater resilience in telecoms networks and more diversity in the supply chain.”

(Reporting by Jack Stubbs and Michael Holden; Editing by Guy Faulconbridge)

Source: OANN

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Shares in Deutsche, Commerzbank rise on merger speculation

FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt
FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo

March 11, 2019

FRANKFURT (Reuters) – Markets welcomed the prospect of a merger between Deutsche Bank and Commerzbank on Monday with shares in both lenders trading higher following reports that Germany’s largest banks are exploring the feasibility of a merger.

Germany’s Welt am Sonntag newspaper was the first to report on the early stage merger talks, and said Berlin politicians expect a decision in the coming weeks.

Deutsche Bank agreed to hold tentative talks with Commerzbank, a person with knowledge of the matter told Reuters on Saturday.

Deutsche and Commerzbank declined to comment on the prospects of a merger.

Deutsche Bank shares were up 1.6 percent higher while Commerzbank shares were 4.3 percent higher at 0820 GMT, outperforming Germany’s blue-chip DAX index which was 0.4 percent higher.

Proponents of a merger say that a tie-up would give a combined entity — which would have an equity market value of more than 24 billion euros ($27 billion) based on Friday’s closing share prices — a 20 percent share of the German retail banking market.

(Reporting by Edward Taylor; Editing by Keith Weir)

Source: OANN

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Judge Nap: Supreme Court ruling on provocative brand name will push “the First Amendment to its limits”

A California man whose company carries a provocative name is hoping that the U.S. Supreme Court will rule against a trademark law that he believes violates his freedom of speech.

The fashion brand at the center of the hearing is "F--T" - an acronym for "Friends You Can't Trust." The United States Patent and Trademark Office denied the trademark in 2014 saying it was in bad taste. The owner of brand, Erik Brunetti, argued the decision denies his First Amendment rights.

Judge Andrew Napolitano, a Fox News legal analyst, weighed in on the case on “Fox & Friends” Tuesday saying, “I love when these things are argued because it pushes the First Amendment to its limits.”

Brunetti’s lawyer appeared before the Supreme Court on Monday to challenge a federal trademarking law that allows officials to refuse trademarks that they deem “scandalous” or “immoral.”

CALIFORNIA MAN CHALLENGES FEDERAL LAW REFUSING 'IMMORAL' TRADEMARK FOR CLOTHING BRAND

“We all know what the acronym is and we all know what it sounds like and quite frankly when it was argued in the Supreme Court yesterday, nobody used the word. The ninth justices didn't and the lawyers didn't,” Napolitano said on “Fox & Friends."

He added: “What was scandalous at the time the statute was written 75 years ago may not be scandalous now. So, that's actually what was argued yesterday.”

The government is defending the century-old trademarking provision, arguing in court documents that the law encourages trademarks that are appropriate for all audiences. The U.S. position is that the measure isn’t restricting speech, but rather declining to promote it.

“In this case, with this acronym that is offensive to some people, the trademark office said no, the trial court said no, the appellate court said yes and now the Supreme Court has it," Judge Nap said.

"Prediction, they’re going to say 'yes' because this particular court under John Roberts has expanded First Amendment protection.”

OLIVIA JADE’S TRADEMARK APPLICATION WAS REJECTED FOR PUNCTUATION BEFORE COLLEGE ADMISSIONS SCANDAL

Napolitano then went on to explain the First Amendment saying: “The law can’t be specific. It can’t say this language is protected and this language is not. What does the First Amendment say? Congress shall make no law abridging the freedom of speech so the benefit of the doubt always has to be on the side of the speaker. It's the government's burden to prove there is something wrong with a speech.”

The Los Angeles-based clothing brand at issue, which started in 1991, can still operate under Brunetti’s chosen name without a trademark, but he wouldn't be able to go after counterfeiters who knock off his designs. Napolitano joked that there is a silver lining for Brunetti, even if he does not get the outcome he wants in court.

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“This guy sells t-shirts and sweatshirts and running pants,” said Napolitano. “I’ll tell you what's genius about this, more free publicity than he could ever have imagined even if he loses the case. So he’s a good businessman.”

The Associated Press contributed to this report. 

Source: Fox News National

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Suspect held in shootout near US-Mexico border; Texas trooper ‘fighting for his life’

A Texas state trooper was reportedly in grave condition early Sunday after being shot while approaching a driver who had fled from a crash scene not far from the U.S.-Mexico border, authorities said.

The trooper was shot multiple times and rushed to an Edinburg hospital, where he was undergoing surgery and “fighting for his life,” Hidalgo County Sheriff Eddie Guerra wrote on Twitter. Edinburg is about 64 miles northwest of Brownsville in the state's border region.

CALIFORNIA MOTORCYCLE OFFICER INVOLVED IN CRASH DIES

Multiple law enforcement and government sources told the Rio Grande Valley's KGBT-TV that the trooper was left "brain dead," though authorities have confirmed only that he was in surgery.

The suspect, identified as Victor Alejandro Godinez, evaded immediate capture but was taken into custody early Sunday in the Edinburg area, authorities said.

The unidentified trooper was responding to a report of a vehicle crash around 8:45 p.m. Saturday, when the driver fled on foot, the Texas Department of Public Safety (DPS) said in a statement. The trooper was shot after locating the suspect.

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DPS said the agency worked with local law enforcement to find the suspect. Bystanders reported seeing tactical units and a SWAT team canvassing the area, according to the Monitor, a McAllen-based newspaper.

The investigation was ongoing and DPS said more information will be released as it becomes available.

Source: Fox News National

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Woman shot herself in the head while cuffed with hands behind her back during traffic stop, police say

A 19-year-old woman involved in a traffic stop committed suicide after shooting herself through the mouth while her hands were cuffed behind her back, Virginia police said.

Sarah Wilson and her boyfriend were arrested during a stop in Chesapeake in July 2018 after cops allegedly found drugs in the 1996 Lexus the couple were driving. Police said they handcuffed Wilson and, while attempting to apprehend her boyfriend, 27-year-old Holden Medlin, he became combative and ran away from the scene.

Cops then reportedly left Wilson handcuffed with her hands behind her back as they ran to catch Medlin. While unattended, police say, she was able to grab a weapon out of the Lexus, "contorted" her body and shot herself through the mouth. An internal investigation was launched after her death, which has since been concluded, though police have declined to comment on its outcome.

A medical examiner confirmed on Thursday that Wilson died of a suicide -- but friends and family continue to doubt the official story.

“In all of her life I have never known of her to shoot a gun, own a gun, or even hold a gun,” Wilson's mother, Dawn, told ABC 13 last year. She told the station she spoke to witnesses who told her the police were responsible for her daughter's death.

“There is a few different stories, but they all end the same: that the police shot her,” she said. "Things are not matching up. Somewhere, somehow, there is a discrepancy."

Body cam footage that may have been able to answer any questions about the incident is unavailable. A police spokesperson said in August that a bodycam on one of the officers during the stop was knocked off the officer's uniform "during the struggle," WAVY reported.

Chesapeake Police have not yet responded to a request for a comment by Fox News.

Wilson's boyfriend, Medlin, was reportedly being monitored by police for some time before the arrest. When officers approached his car the day of the incident, he allegedly swallowed a "golf-ball sized-bag" of an unknown substance. Police then found 11 oxycodone pills, a syringe and other drug paraphernalia, a rifle and ammunition.

He was later charged with possession of oxycodone, possession of suboxone, possession of paraphernalia, possession of a firearm with a schedule I or II drug, fleeing from a law enforcement officer, and being a felon in possession of a firearm.

The charges were again certified by a grand jury in court on Tuesday.

Source: Fox News National

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New Book, Movie Raise Profile of American Spy Virginia Hall

A new book and movie are raising the profile of WWII-era American spy Virginia Hall – who once topped Gestapo leader Klaus Barbie's most-wanted list.

In "A Woman of No Importance: The Untold Story of the American Spy Who Helped Win World War II," Sonia Purnell details how Hall battled both low gender expectations and, later on, her disability – a wooden leg. The book was out Tuesday, and highly praisedby USA Today. 

The book has also been optioned for Paramount Pictures with Daisy Ridley set to star as Hall, the news outlet reported.

"James Bond had nothing on Hall," reviewer David Holahan wrote for USA Today. "Licensed to kill, she sported pens that shot poison ink, cyanide pills, dangerous loaves of bread (when sliced), and exploding horse dung set out ahead of German convoys."

"There was, however, a decided lack of glamour to the real deal," he wrote, noting that before Hall went on a second tour in occupied France, she needed a new look to avoid capture and, quoting Purnell, "has her fine, white American teeth ground down by a much-feared female London dentist to resemble those of a French countrywoman."

"Clearly, here was a woman on a mission," Holahan wrote – and likely outshone many of her male counterparts, perhaps denying her full due since history is "most often . . . written by men."

Source: NewsMax America

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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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) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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