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J.P. Morgan pares year-end forecast on three-month LIBOR

FILE PHOTO: A J.P. Morgan logo is seen in New York City
FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

March 15, 2019

NEW YORK (Reuters) – J.P. Morgan analysts said on Friday what banks charge each other to borrow dollars for three months will likely end 2019 at about 2.65 percent, which was below their prior forecast of 2.90 percent, due to expectations the Federal Reserve would not raise rates this year.

Earlier Friday, the London interbank offered rate (LIBOR) for three-month dollars was fixed at 2.62525 percent, the highest level since Feb. 27.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Trump signs proclamation recognizing Israeli sovereignty over Golan Heights

With Israeli Prime Minister Benjamin Netanyahu standing by his side, President Trump on Monday signed a proclamation officially recognizing the contested Golan Heights region as part of Israel – marking another unprecedented move by Trump in strengthening U.S.-Israeli relations.

“This was a long time in the making and it should have taken place many years ago,” Trump sign before signing the proclamation.

Trump’s proclamation came just days after he tweeted his support for recognizing Israeli sovereignty over the Golan Heights.

UN'S SCATHING REPORTS STOKE US CONCERNS ABOUT ANTI-ISRAEL BIAS 

Netanyahu, who has previously accused Iran of attempting to set up a terrorist network to target Israel from the Golan Heights, praised Trump for his proclamation – calling the move “historic” and “invaluable” to the defense of the Jewish state.

“It was so important for me to come here and thank you,” Netanyahu said to Trump. “Israel has never had a better friend than you.”

The Israeli leader added: “Israel has seized the high ground which has proved invaluable to our defense.”

The Golan Heights is a large plateau that sits in a disputed area along the border with Syria. It has been occupied by Israel since it was seized from Syria in 1967. Israel contends the region is a critical buffer zone between the nation and the conflicts throughout the Middle East as Syria’s eight-year civil war has at times come close to the Golan boundary.

While the U.S. has historically attempted to remain impartial in the conflict over the Golan Heights -- which Israel captured from Syria in 1967 during the Six-Day War -- the Trump administration already has strengthened ties to Israel on other fronts. In 2017, Trump broke with decades of U.S. policy on Jerusalem and recognized the city as Israel’s capital, while a recent State Department report human rights bucked tradition and used the phrase “Israeli-controlled,” rather than “Israeli-occupied,” to describe the Golan Heights, the West Bank and Gaza.

NETANYAHU CUTS SHORT WASHINGTON TRIP, MOBILIZES MILITARY AFTER GAZA ROCKET ATTACK WOUNDS 7

While appearing aside Trump during the press conference on the proclamation, Netanyahu is cutting his trip to Washington short following an early-morning rocket attack from the Gaza Strip that slammed into a house in central Israel and wounded seven people.

Netanyahu held emergency consultations with military officials back in Israel and canceled a planned address to the AIPAC pro-Israel lobby group and meetings with congressional leaders. The Israeli military announced earlier on Monday that it has started striking the Islamic militant group Hamas in Gaza after the rocket attack.

“Israel will not tolerate this, I will not tolerate this,” the Israeli leader said. “Israel is responding forcefully to this wanton aggression.”

The strike came at a sensitive time for both sides. Netanyahu, locked in a tight race for re-election, came under heavy criticism from his rivals Monday and faced tough pressure to strike back at Hamas.

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Hamas, meanwhile, is facing perhaps its toughest test since seizing control of Gaza 12 years ago. An Israel-Egyptian blockade, imposed to weaken Hamas, combined with sanctions by the rival Palestinian Authority and mismanagement by the Hamas government have all fueled an economic crisis.

Hamas has been leading weekly protests along the Israeli border for the past year in hopes of easing the blockade, but the demonstrations, in which some 190 people have been killed by Israeli fire, have done little to improve conditions.

The Associated Press contributed to this report.

Source: Fox News Politics

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D.C. United takes on Montreal without Rooney

FILE PHOTO: MLS: Rowdies Suncoast Invitational-DC United at Philadelphia Union
FILE PHOTO: Feb 20, 2019; Clearwater, FL, USA; D.C. United forward Wayne Rooney (9) looks on prior to a game between DC United and Philadelphia Union at Joe D. Sports Complex. Mandatory Credit: Douglas DeFelice-USA TODAY Sports/File Photo

April 8, 2019

D.C. United will try to rebound quickly from their worst performance this season when they host the Montreal Impact Tuesday night at Audi Field.

They won’t have star forward Wayne Rooney to help them, however.

Rooney received a red card for his studs-up challenge on LAFC’s Diego Rossi during D.C.’s 4-0 loss on Saturday afternoon, also at home, meaning he’ll serve a suspension on Tuesday.

United (3-1-1, 10 points) already trailed 3-0 before Rooney’s dismissal, and Rossi completed a hat trick later in the second half.

“In possession, not good enough,” D.C. coach Ben Olsen said of the performance. “Out of possession, not hard working enough. Our pulse was wrong from the get go in the biggest game of the year. So that part is concerning, and I’ll look to myself first.”

Olsen also might look to Quincy Amarikwa to make his first start for D.C. in Rooney’s place, against one of his former clubs.

Amarikwa made 10 appearances with Montreal over the second half of last season following a trade from San Jose, then signed with D.C. just before this campaign began as a free agent. He played the final 17 minutes Saturday in his D.C. debut.

Meanwhile, Montreal (2-2-1, 7 points) will be without two influential Argentine attackers.

Midfielder Ignacio Piatti missed Saturday’s 0-0 draw at New York City FC with a knee ailment and is expected to sit for a third consecutive game in Washington. Forward Maxi Urruti will join Rooney in serving a red card suspension following his dismissal for a stomp on NYCFC’s Maxime Chanot.

Anthony Jackson-Hamel could make his first start of the season at striker in the wake of those absences.

Down a man for the final 20 minutes, Saturday’s draw marked a decided improvement for Montreal coach Remi Garde following an embarrassing 7-1 loss at Sporting Kansas City the week prior.

“It’s good point for us,” Garde said. “You know, coming from last week where we were, what kind of game we had, I think today it’s much better team performance. Defensively and tactically we were much more organized and disciplined.”

–Field Level Media

Source: OANN

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Argentina 2019 inflation forecast jumps to 36 percent: central bank poll

FILE PHOTO: Employees work at industrial manufacturing company Gottert in Garin
FILE PHOTO: Employees work at industrial manufacturing company Gottert in Garin, on the outskirts of Buenos Aires, Argentina November 1, 2018. REUTERS/Marcos Brindicci

April 3, 2019

BUENOS AIRES (Reuters) – Economists have raised their forecast for Argentina’s 2019 inflation rate to 36 percent from a previous estimate of 31.9 percent, according to the median forecast in the central bank’s monthly poll of analysts released on Wednesday.

The median forecast for Argentina’s expected 2019 economic contraction was 1.2 percent compared with a previous estimate of 1.3 percent, according to the survey of 55 economists.

Economic turmoil in Argentina has left nearly a third of the country in poverty, pushed interest rates skyward and sent the peso tumbling in value against the dollar.

Inflation increased nearly 50 percent in 2018, driven by a run on the local peso currency.

President Mauricio Macri, who is running for reelection this year, must now balance the mounting hardships faced by Argentines with the need to enforce austerity as part of a $56.3 billion financing deal struck with the International Monetary Fund last year.

(Reporting by Eliana Raszewski, writing by Dave Sherwood; editing by Diane Craft)

Source: OANN

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Alabama teen once charged with killing his parents claims sheriff is still looking for ways to put him in jail

An Alabama teenager who was charged in the 2016 murder of his parents only to have those charges dropped last year says he believes the town sheriff is still looking for ways to put him in jail.

Jesse "Madison" Holton, then 17, was accused of gunning down his parents Michael and April Holton in their home in Eclectic, Alabama in September 2016.

Michael Holton, the former mayor of the town, was found dead with a gunshot wound to the head. April Holton, 37, died a day later from severe head trauma.

DNA LEADS TO ARREST IN COLD CASE MURDERS OF TWO ALABAMA GIRLS, REPORTS SAY

The killings rocked the tiny town and many believe Holton is to blame.

The case will be highlighted on NBC's "Dateline," airing Friday night.

Authorities at the time said that Holton threw a party - which involved drugs and alcohol - without his parents' permission. The couple returned home to find their house in complete disarray.  Michael Horton called the sheriff's department and when authorities arrived, they found the father had handcuffed the son and told officers he planned on signing a juvenile warrant the following morning.

ALABAMA TEACHER ARRESTED AFTER GUN DISCHARGES IN HIS POCKET INSIDE A CLASSROOM OF FIRST GRADERS

The deputy left but about a half hour later, a neighbor called the cops to say Holton showed up and claimed his parents were fighting. The police officer returned to the scene and found Michael Holton dead of a gunshot wound to the head and his wife April critically wounded.

Holton told authorities that his father shot his mother before turning the gun on himself. However, investigators doubted his story and said the physical evidence at the scene didn't match up to Holton's recollection of what happened.

Holton was charged with his parents' deaths but in October the district attorney dropped the charges.

“From the beginning, this case has been open to interpretation as to what is actually the truth…either Jesse Holton killed his father and mother; the father of Jesse Holton killed Jesse’s mother then Jesse killed his father; or the father of Jesse Holton killed Jesse’s mother and then killed himself," Elmore County District Attorney Randall Houston wrote in a statement.

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“My office has reason to believe any of these three scenarios could have occurred, but we have no proof to support any of the three theories beyond a reasonable doubt... Therefore, we are ethically obligated to dismiss the murder charges against Jesse Holton."

Though the charges were dropped Horton tells "Dateline" he has "no doubt in my mind that the sheriff will try to put me back in jail."

Source: Fox News National

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Former Patriots WR Mitchell retires at 25

Atlanta Falcons' Goodwin breaks up a pass intended for New England Patriots' Mitchell during the second quarter of Super Bowl LI in Houston
Atlanta Falcons' C.J. Goodwin (R) breaks up a pass intended for New England Patriots' Malcolm Mitchell during the second quarter of Super Bowl LI in Houston, Texas, U.S., February 5, 2017. REUTERS/Adrees Latif

March 24, 2019

Former New England Patriots receiver Malcolm Mitchell has ended his short NFL career, he announced over the weekend.

Speaking at an event at his alma mater, Georgia, Mitchell told attendees he was moving on to a “new chapter” of his life.

The oft-injured Mitchell was waived by the Patriots before the 2018 season and spent the year out of the league. He was continuing to battle a knee issue after missing all but one preseason game in 2017.

A fourth-round pick from Georgia in 2016, Mitchell carried injury concerns from college after tearing the anterior cruciate ligament in his right knee early in the Bulldogs’ 2013 season.

Through two years in the NFL, the 26-year-old played in 14 games (six starts), all in 2016, catching 32 passes for 401 yards and four scores. He added six grabs for 70 yards in the team’s Super Bowl LI victory that postseason.

–Field Level Media

Source: OANN

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SUNDAY MATINEE: Alex Jones’ 2009 Film ‘The Obama Deception’

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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