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Global stocks, dollar fall as global growth worries mount

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2019. REUTERS/Brendan McDermid

March 8, 2019

By Chuck Mikolajczak

NEW YORK (Reuters) – Global stocks lost ground on Friday and the dollar softened for the first time in eight sessions after a disappointing U.S. payrolls report exacerbated concerns that the world economy was slowing.

Global economic growth worries mounted as data in China showed exports shrank 20.7 percent in February from a year earlier while imports fell 5.2 percent.

White House trade adviser Clete Willems said on Friday that Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks, although negotiators have made progress.

U.S. ambassador to China Terry Branstad told the Wall Street Journal that the two sides have yet to set a date for a summit as neither feels a deal is imminent.

Compounding concerns was a U.S. payrolls report that fell well short of expectations, although other measures within the report were strong, sending mixed signals to investors.

“The poor number indicates that we are suffering alongside the rest of the global economy and that it is having an impact on the U.S.,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

“The U.S. has been the best house in a lousy neighborhood and maybe that is changing.”

The Dow Jones Industrial Average fell 22.99 points, or 0.09 percent, to 25,450.24, the S&P 500 lost 5.86 points, or 0.21 percent, to 2,743.07 and the Nasdaq Composite dropped 13.32 points, or 0.18 percent, to 7,408.14.

While stocks on Wall Street were lower, a late day rally helped curb losses and major indexes ended near session highs. For the week, the Dow and S&P ended down 2.2 percent while the Nasdaq lost 2.5 percent. The Dow suffered a loss for its eleventh straight session, the longest losing streak since April 1972, according to S&P Dow Jones Indicies.

The February data out of Beijing and mixed U.S. payrolls numbers came on the heels of a move by the European Central Bank to slash growth forecasts as it unveiled a new round of policy stimulus on Thursday.

The worries knocked European stock markets lower where the STOXX 600 index suffered its biggest daily percentage drop in a month and worst week this year.

The pan-European STOXX 600 index lost 0.89 percent and MSCI’s gauge of stocks across the globe shed 0.58 percent. MSCI’s index was on pace for its worst week since late December.

After the mixed messages in the jobs report, the dollar weakened for the first time in eight sessions. The Swedish crown fell to a 16-year low, before reversing course, as the Riksbank joined its central bank counterparts in Europe and Canada in adopting a cautious outlook.

The dollar index fell 0.31 percent, with the euro up 0.36 percent to $1.1232.

U.S. Treasury debt yields were lower in the wake of the payrolls report. Benchmark 10-year notes last rose 3/32 in price to yield 2.6267 percent, from 2.636 percent late on Thursday.

The growth worries, along with surging U.S. oil supply, dented oil prices. U.S. crude fell 1.04 percent to settle at $56.07 per barrel and Brent was last at $65.74 per barrel, down 0.84 percent on the day.

Graphics:

Global currencies vs. dollar YTD – http://tmsnrt.rs/2egbfVh

Global assets in 2019 – http://tmsnrt.rs/2jvdmXl

MSCI All Country World Index Market Cap – http://tmsnrt.rs/2EmTD6j

(Additional reporting by Amy Caren Daniel in Bengaluru; Editing by James Dalgleish and Diane Craft)

Source: OANN

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Officer's lawyers: No resentencing needed in fatal shooting

Lawyers for the white Chicago police officer convicted of murder for fatally shooting black teenager Laquan McDonald say prosecutors have no right to challenge his nearly 7-year prison term.

Attorneys for Jason Van Dyke made the arguments in a filing Monday with the Illinois Supreme Court. They say the sentence is consistent with state law.

Illinois' attorney general and the case's special prosecutor have filed a petition to the high court, disputing the legal basis the judge used to sentence Van Dyke.

Van Dyke was convicted last year of second-degree murder and 16 aggravated battery counts. A judge sentenced him last month on just the second-degree murder conviction, ruling it was more serious.

Prosecutors want the 40-year-old sentenced on the aggravated battery counts, which could result in a longer prison term.

Source: Fox News National

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Missouri man with ‘body count’ tattoo charged in deadly shooting

A Missouri man facing multiple charges in connection to a deadly shooting last month allegedly claimed to have kept a mark to memorialize his murders that anyone could see --  a "body count" tattoo on his face.

The Jackson County Prosecutor's Office said in a news release that Jonathan S. Lowrey, 25, was charged Monday with second-degree murder, armed criminal action and tampering with a motor vehicle in connection with shooting death of Joseph Corum on March 28 in Kansas City.

A witness reported she was inside the home when she heard Corum yelling outside before hearing a "loud vehicle" and gunshot. She heard another gunshot before the vehicle drove away, officials said.

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Another witness reported to police she saw Corum arguing with Lowrey in front of the home before the 25-year-old allegedly went to his vehicle, took out a long gun and shot the victim three times before leaving.

Surveillance video provided by another witness showed Lowrey sitting in a van outside the home, with a witness reporting he had a tattoo of 5 "tally marks" near his right eye which he stated was a "body count," according to court documents.

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Lowrey was arrested by police on Thursday for questioning before he was charged with the Kansas City shooting. A detective noted in his report that Lowrey was observed to have 6 "tally marks" tattooed under his right eye.

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DNA taken from a shell casing recovered at the crime scene in Kansas City was matched to Lowrey, according to police.

Officials have not said if the 25-year-old is suspected in additional killings. Prosecutors have requested a cash bond of $250,000.

Source: Fox News National

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Prosthetic arm stolen from vehicle parked in San Francisco, police say

A prosthetic arm was stolen after a suspect broke into the victim's car last week in San Francisco, police said Tuesday.

The incident happened around 6 p.m. Saturday in an alley in the South of Market neighborhood, according to a report.

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A suspect had broken into the 41-year-old victim's vehicle and stolen his prosthetic arm, which was the only item reported missing, police told San Francisco's KPIX-TV.

Officials initially said it was a prosthetic leg that was stolen, but later made the correction, the San Francisco Chronicle reported.

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No arrests have been made as of Tuesday.

San Francisco police did not have a description of the suspect, San Francisco Weekly reported.

Source: Fox News National

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Death toll in Mozambique cyclone, flooding rises above 200: president

A general view shows destruction after Cyclone Idai in Beira
A general view shows destruction after Cyclone Idai in Beira, Mozambique, March 16-17, 2019 in this still image taken from a social media video on March 19, 2019. Care International/Josh Estey via REUTERS

March 19, 2019

MAPUTO (Reuters) – The number of people killed after a powerful cyclone and flooding hit Mozambique has risen to above 200, President Filipe Nyusi said on Tuesday after a cabinet meeting on the disaster.

Cyclone Idai tore through Mozambique and inland neighbors Malawi and Zimbabwe after making landfall last week, leaving a trail of destruction in its wake. The number of people confirmed dead in Mozambique previously stood at 84.

(Reporting by Manuel Mucari; writing by Emma Rumney; Editing by Dan Grebler)

Source: OANN

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Roger Stone Ordered to Appear in Court Over Instagram Posts

Roger Stone, a former adviser to U.S. President Donald Trump, was ordered to appear in court this week over Instagram posts that appeared to threaten the judge presiding over his criminal trial.

U.S. Judge Amy Berman Jackson said Stone would need to show cause at a hearing on Thursday as to why the posts did not violate a gag order in the case or the conditions of his release.

Stone, who is free on a $250,000 bond, has pleaded not guilty to charges of making false statements to Congress, obstruction and witness tampering as part of Special Counsel Robert Mueller's investigation into Russian meddling in the 2016 election.

Source: NewsMax Politics

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Colorado man arrested in girl's 1973 killing in California

Authorities have arrested a man on suspicion of killing a Southern California girl more than 45 years ago.

Orange County District Attorney Todd Spitzer said at a press conference Wednesday that 72-year-old James Neal was arrested in Colorado Springs, Colorado, in the death of 11-year-old Linda O'Keefe in Newport Beach.

Linda disappeared on July 6, 1973. She was last seen walking home from summer school, and her body was found the next day.

The district attorney says the arrest involved use of DNA found on the victim, genealogical DNA and detective work that led to acquiring DNA from the suspect during surveillance.

Authorities say Neal lived in Southern California in the 1970s.

The victim's parents have died, but her two sisters have been told about the arrest.

Source: Fox News National

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A Cook County judge recently called out embattled State Attorney Kim Foxx for upholding a double standard by prosecuting a woman for filing a false police report — but dropping similar charges against embattled “Empire” actor Jussie Smollett.

Foxx has faced intense criticism over her office’s decision to drop a 16-count indictment against Smollett, just weeks after bringing the charges against the high-profile TV star. Foxx’s deal with Smollett, which did not require him to admit guilt, drew ire from the public, the city’s top cop and the former mayor who called it a “whitewash of justice.”

JUSSIE SMOLLETT CHICAGO PROSECUTOR KIM FOXX CHIDED BY NATIONAL ATTORNEYS GROUPS AFTER JUSSIE SMOLLETT CHARGES DROPPED 

Cook County Judge Marc Martin, who was presiding over an unrelated case, chastised Foxx and her office for creating a situation where anyone charged with filing a false report would expect the same leniency her office afforded Smollett.

Candace Clark, 21, is facing one felony count of making a false report. Prosecutors accused her of giving a friend access to her bank account and then telling authorities the money had been stolen. She denies the charges and claims she’s the victim of Foxx’s double standard — something the judge weighed in on.

“Well, Ms. Clark is not a movie star, she doesn’t have a high-price lawyer, although, her lawyer’s very good. And this smells, big time,” Martin said to prosecutors during a recent hearing, Fox 32 reported. “I didn’t create this mess, your office created this mess. And your explanation is unsatisfactory to this court. She’s being treated differently.”

The judge continued, “There’s no publicity on this case. She doesn’t have Mark Geragos as her lawyer or Ron Safer or Judge Brown. It’s not right. And (if) I proceed in this matter, you’re just digging yourselves further in a hole. (If the) press gets a hold of this, it’ll be in a newspaper. Why is Ms. Clark being treated differently than Mr. Smollett?”

Foxx recused herself from the Smollett case in February but continued to oversee the investigation through text messages with her assistant Joseph Magats.

The text messages revealed Foxx called Smollett a “washed up celeb who lied to cops.” They also show she cautioned Magats about throwing the book at Smollett.

“Sooo……I’m recused, but when people accuse us of overcharging cases…16 counts on a class 4 becomes exhibit A,” Foxx wrote to Magats on March 8.

“Pedophile with 4 victims 10 counts. Washed up celeb who lied to cops, 16. On a case eligible for deferred prosecution I think it’s indicative of something we should be looking at generally. Just because we can charge something doesn’t mean we should,” she added, referring to the case of R&B singer R. Kelly, who was indicted on 10 counts of aggravated criminal sexual abuse in connection with four women, three of whom were underage.

KIM FOXX’S CHIEF ETHICS OFFICER RESIGNS FOLLOWING SMOLLETT CONTROVERSY

President Trump said last month he asked for a federal review of Foxx’s decision to drop the charges against Smollett. He also called the actor “an absolute embarrassment to our country.”

The Smollett case garnered national attention and threatened to tear Chicago apart. It pit the police department and mayor against prosecutors and underscored the idea that wealthy people are somehow above the law.

Smollett told police he was attacked on Jan. 29 around 2 a.m. as he was returning home from a sandwich shop in Chicago. He said two masked men shouted racial and anti-gay slurs, poured bleach on him, beat him and tied a rope around his neck. He claimed they shouted, “This is MAGA country” — a reference to President Trump’s “Make America Great Again” campaign slogan.

CLICK HERE FOF THE FOX NEWS APP

After an intense investigation, police said Smollett staged the entire incident to drum up publicity for his career.

Smollett has strongly denied the accusations.

Source: Fox News National

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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President Donald Trump says the National Rifle Association is getting stronger, not weaker, and is doing important work vital to making his “Make America Great Again” slogan a reality.

Trump is heading to Indianapolis Friday to address the nation’s largest gun rights organization, which played a pivotal role in his victory in 2016.

The NRA spent millions of dollars to help elect Trump in 2016 but had a much lower profile during the 2018 midterms. It’s unclear how visible the NRA will be in 2020 after a series of mass shootings that has hardened public sentiment against gun violence.

Trump disagrees with those who say the NRA is getting weaker. He tweeted  Friday morning  that the NRA is “getting stronger & stronger and doing some really great and important work.”

Source: NewsMax Politics

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Spain appears to have stemmed a surge in illegal migration that made it Europe’s main entry point for sea arrivals, after boosting joint efforts with neighboring Morocco to clamp down on the flow.

The country, which holds a national election Sunday, saw nearly 60,000 people reach its shores irregularly in 2018, most from Morocco and West Africa. But sea arrivals have plummeted since February.

While the migrant flow often fluctuates due to weather and other factors, an internal European Union report obtained by The Associated Press suggests intensified efforts to stop the migrants before they’re able to reach European waters are paying off.

The report doesn’t specify what Morocco did to hold back migrants or what it got in return other than “explicit recognition and support” from the Spanish government and the EU’s executive Commission in Brussels.

Source: Fox News World

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A man accused of using a compound bow and arrow to shoot and kill another man has been convicted of aggravated manslaughter.

Timothy Canfield was also found guilty Thursday of hindering and a weapons count. The 31-year-old Berlin man now faces up to 55 years in prison when he’s sentenced May 16.

Camden County prosecutors say Canfield shot Kereti Paulsen in January 2013.

They say the 25-year-old Cape May Court House man was walking away from a verbal argument that had involved several people when Canfield shot him. An arrow pierced one of Paulsen’s veins and he bled to death.

Prosecutors say Canfield made a 911 call after the shooting and pretended to be Paulsen. They also said Canfield provided false information and hid the compound bow and arrows.

Canfield said he acted in self-defense.

Source: Fox News National

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