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Police: security threat prompts Madrid skyscraper evacuation

Spanish police says that a 57-story office tower in Madrid's business district has been evacuated due to an unspecified security threat.

Staff at the Torrespacio skyscraper received a phone call with the threat, a spokeswoman with the National Police said, prompting the tower's own security personnel to evacuate the building.

The spokeswoman, who wasn't authorized to be identified by name in media reports, said she couldn't provide specifics about the nature of the threat.

She said the tower had been evacuated by the time police arrived at the scene.

At 235 meters (770 feet), Torrespacio is one of four skyscrapers dotting the northern part of the Spanish capital's skyline.

Source: Fox News World

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Several U.S. states sue Trump administration over school lunch rules

Students eat a healthy lunch at Marston Middle School in San Diego
Students eat a healthy lunch at Marston Middle School in San Diego, California, March 7, 2011. REUTERS/Mike Blake

April 3, 2019

NEW YORK (Reuters) – Several U.S. states sued the Trump administration on Wednesday, seeking to undo its recent decision to relax standards for restricting sodium content and requiring whole grains in school breakfasts and lunches.

In a complaint filed in Manhattan federal court, the states accused the U.S. Department of Agriculture of acting in an “arbitrary and capricious” manner in easing rules championed by former first lady Michelle Obama to make school lunches healthier.

The lawsuit was filed by New York, California, Illinois, Minnesota, New Mexico, Vermont and the District of Columbia.

The Agriculture Department did not immediately respond to requests for comment.

(Reporting by Jonathan Stempel in New York; Editing by Tom Brown)

Source: OANN

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German teen on trial for killing boy over refused advances

A German teenager has gone on trial for the fatal strangling of another boy who allegedly refused his advances.

German news agency dpa reported that the trial opened on Thursday with the defendant's lawyer reading a statement in which the 15-year-old acknowledged responsibility for the 16-year-old victim's death.

Prosecutors accuse the teen of strangling the older but weaker boy after they agreed to meet in a wooded area last October.

The killing prompted widespread shock in Germany.

The teenager on trial hasn't been named due to his age. He faces a prison sentence of up to 10 years if he is convicted of manslaughter. A verdict is expected in June.

Source: Fox News World

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Vineeta Deepak to lead AP’s coverage of South Asia region

The Associated Press on Wednesday named Vineeta Deepak, an experienced video journalist and bedrock member of its Indian staff, as its South Asia news director to lead coverage of a region stretching from the heights of the Himalayas to the tropics of the Indian Ocean.

From her base in the Indian capital, New Delhi, she will drive AP's multiformat reporting on the world's largest democracy as it exerts its influence abroad while grappling with rising nationalism and growing inequality despite an economic boom at home.

She will lead a large team of videojournalists, photographers and reporters stationed across India and in AP bureaus in Bangladesh, Nepal and Sri Lanka. She will also oversee AP's coverage of Bhutan and the atoll archipelago of the Maldives.

"Vineeta has covered the biggest stories in South Asia for more than two decades, and knows the region inside and out," said Asia-Pacific News Director Adam Schreck. "She is an ambitious journalist who knows how to connect with people and tell stories in fresh, creative ways."

The 56-year-old has led AP's South Asia video operations as senior producer since 2002, editing and coordinating coverage of major stories including the 2004 Indian Ocean tsunami, the 2008 Mumbai attacks, the exodus of hundreds of thousands of Rohingya from Myanmar and the ongoing conflict in the disputed region of Kashmir.

She began her journalism career in New Delhi in 1988 and helped launch AP Television News video operations in New Delhi in 1995. She briefly held other positions in the broadcast industry before returning to AP as a video producer in 1998. She was a member of AP's Future Leaders program in 2013 and routinely helps coordinate cross-format planning efforts for the wider Asia-Pacific region.

She holds a bachelor's degree in economics from St. Stephen's College in the Indian capital and a master's degree in the subject from the Delhi School of Economics. She has received training at the Film and Television Institute of India.

"Our journalists in India and across South Asia are talented, committed to AP's mission and innovative in their storytelling, and we are thrilled that Vineeta will work collaboratively with her colleagues to raise our journalism to new heights," said AP's executive editor, Sally Buzbee.

Source: Fox News World

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Many Are Calling For The Media To Be Held Legally Accountable For Relentlessly Lying To The American People About Russian Collusion

Now that the Mueller investigation is over and his report has shown that there was absolutely no collusion between the Trump campaign and the Russian government, the focus is rapidly turning to those that endlessly propagated extremely damaging conspiracy theories about the president of the United States. 

For 675 days, CNN, MSNBC, ABC, CBS and NBC engaged in a fake news binge unlike anything that we have ever seen before in all of U.S. history.  They relentlessly pushed out news story after news story touting that we would soon have “evidence” that Trump had colluded with the Russians when there was no evidence at all.  They kept telling us that “indictments are coming”, that “the noose is tightening” and that “the walls are closing in on this administration” when none of that was ever true.  The entire Russian collusion narrative was a piece of fiction created by Hillary Clinton’s campaign team to explain her shocking election loss, but once it was embraced by the mainstream media and pro-Clinton members of federal law enforcement agencies it quickly snowballed out of control.  Now the time has come for the mainstream media to be held accountable for lying to the American people on a massive scale, and later in this article I will explain how this can be done.

And I am certainly not the only one calling for the mainstream media to be held accountable.  Other prominent conservative voices are also calling for accountability

Donald Trump Jr lamented “more than two years of non-stop conspiracy theories from CNN, MSNBC, BuzzFeed and the rest of the mainstream media” and added: “It’s my hope that honest journalists within the media have the courage to hold these now fully debunked truthers accountable and treat them with the scorn and ridicule that they so deserve.”

Sean Hannity, a Fox News host in frequent contact with the president, was quick to assist. He issued a series of ominous warnings, variously concerning conspiracy theories, lies and attempts to rig elections.


A new hit piece accuses Alex Jones of wanting to “hang Rachel Maddow”. Alex responds and sets the record straight!

“CNN, MSNBC, and the mainstream media have lied to the the [sic] American [sic] for [two] plus years,” Hannity said in a tweet. “Now they will be held accountable.” Another post took a cavalier approach to punctuation: “MSNBC CONSPIRACY NETWORK LIARS FAKE NEWS CNN LIARS NY TIMES WAPO LIARS.”

We are talking about a mountain of lies that is absolutely colossal.  According to Axios, more than half a million articles were pumped out by the mainstream media over the course of the Mueller investigation…

Since May 2017, 533,074 web articles have been published about Russia and Trump/Mueller, generating 245 million interactions — including likes, comments and shares — on Twitter and Facebook, according to data from social-media analytics company NewsWhip.

The reason why tens of millions of Americans expected President Trump to be impeached was because it had been pounded into their heads day after day after day.

But it was a complete and utter lie the entire time.

Anyone with half a brain could see very early in the investigation that there was nothing there.  When I ran for Congress, I told the entire state of Idaho during a televised debate that the Mueller investigation was nothing more than a witch hunt and that it should be immediately shut down.  But of course that didn’t happen, and Robert Mueller spent 675 days turning over every rock that he possibly could, and after all that time he never found any evidence of collusion with Russia.

Sadly, the lack of evidence didn’t stop the mainstream news networks from relentlessly pounding on this story night after night

From January 20, 2017 (Inauguration Day) through March 21, 2019 (the last night before special counsel Robert Mueller sent his report to the Attorney General), the ABC, CBS and NBC evening newscasts produced a combined 2,284 minutes of “collusion” coverage, most of it (1,909 minutes) following Mueller’s appointment on May 17, 2017.

That’s an average of roughly three minutes a night, every night, for an astonishing 791 days — a level of coverage normally associated only with a major war or a presidential election. In fact, TV reporters devoted more airtime to the Russia investigation than any of the Trump administration’s policy initiatives — immigration, tax reform, trade, North Korea, ISIS, the economy, veterans’ affairs, the opioid epidemic, to name but a few. Since his presidency began, nearly one-fifth (18.8%) of all of Trump’s evening news coverage has been about this one investigation.

Clearly the mainstream media has greatly wronged the American people.

So what can be done?

Well, President Trump himself once suggested a potential remedy

“With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!” Trump, a Republican, wrote in a post on Twitter on Wednesday.

In this day and age when everyone is so concerned about “fake news”, why can’t we challenge the broadcast licenses of all the big mainstream news networks?

After all, they all willingly participated in propagating the biggest fake news hoax in all of U.S. history even after it became exceedingly clear that it was a giant sham.

Even former members of the mainstream media are declaring that it is time for some serious accountability.  For example, in his latest Reality Check Ben Swann absolutely ripped his former colleagues in the mainstream media to shreds.

And one of the biggest names in the mainstream media, Matt Taibbi, says that the “sheer scale of the errors and exaggerations this time around” absolutely dwarfs the lies that were told about weapons of mass destruction in Iraq…

As a purely journalistic failure, however, WMD was a pimple compared to Russiagate. The sheer scale of the errors and exaggerations this time around dwarfs the last mess. Worse, it’s led to most journalists accepting a radical change in mission. We’ve become sides-choosers, obliterating the concept of the press as an independent institution whose primary role is sorting fact and fiction.

We had the sense to eventually look inward a little in the WMD affair, which is the only reason we escaped that episode with any audience left. Is the press even capable of that kind of self-awareness now? WMD damaged our reputation. If we don’t turn things around, this story will destroy it.

The mainstream media certainly deserves to collapse, and nobody should mourn them when they are gone.

Once upon a time in America, the news media consisted of highly trained journalists that tried really hard to stick to the facts.

But now it is filled with political hacks that don’t even try to hide their hatred for President Trump and Republicans.

A “media revolution” is just one of the areas we need to tackle if we are to have any hope of ever turning this country around.  If we want to be a nation of integrity, those that have greatly violated our trust must be held accountable.

One of the things that I greatly appreciate about President Trump is that he is the first president in modern American history to stand up and call the mainstream media a bunch of liars.

Because that is precisely what they are, and America would be a much better place if all of the big media companies were to go out of business.

Source: InfoWars

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Rockies knock off Marlins

MLB: Colorado Rockies at Miami Marlins
Mar 28, 2019; Miami, FL, USA; Colorado Rockies shortstop Trevor Story (27) looks on during batting practice prior a game at Marlins Park. Mandatory Credit: Sam Navarro-USA TODAY Sports

March 28, 2019

David Dahl went 3-for-4 and Trevor Story homered as the visiting Colorado Rockies opened their season with a 6-3 win over the Miami Marlins on Thursday afternoon.

Left-hander Kyle Freeland, who went 17-7 last season and finished fourth in the National League Cy Young race, earned the win in his first Opening Day start. He allowed just two hits, one walk and one run in seven innings, striking out five.

Story’s homer was no surprise — he hit 88 long balls from 2016 to 2018. That is the major league record for homers by a shortstop in his first three seasons.

Dahl singled twice and doubled once while scoring two runs and getting an RBI. His first single came in the second inning, and it bounced off pitcher Jose Urena’s left leg.

Urena (0-1) stayed in the game but allowed nine hits and six runs (four earned) in 4 2/3 innings.

Colorado had the first big threat of the game in the third as Chris Iannetta singled and advanced on Freeland’s walk. But Charlie Blackmon flied out to right, where Garrett Cooper caught the ball and fired a one-hopper, nailing Iannetta at third.

The Rockies opened the scoring with four runs on four hits and two errors in the fourth. Nolan Arenado doubled down the third-base line, advanced on Marlins shortstop Miguel Rojas’ miscue — a high throw — and scored on Dahl’s line-drive single pulled to right.

Colorado capped the rally with Ryan McMahon’s RBI single — with another run tacked on when center fielder Lewis Brinson couldn’t cleanly field the bouncing hit — and Iannetta’s RBI double.

The Rockies extended their lead to 6-0 in the fifth as Story homered, Dahl doubled, and Ian Desmond followed with an RBI two-bagger.

Marlins pinch hitter JT Riddle, a left-handed batter, led off the bottom of the sixth with a solo home run. Lefty hitters batted just .185 with two homers off Freeland last season.

Miami also got a pinch-hit solo homer in the eighth as Neil Walker made his Marlins’ debut. Walker swung at a first-pitch fastball from reliever Scott Oberg, and the Marlins closed the scoring with Jorge Alfaro’s solo homer with two outs in the ninth.

–Field Level Media

Source: OANN

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“This Is A System-Wide Collapse” – Texas Border City Overwhelmed By “Surge” Of Central American Migrants

Democrats like to deride President Trump’s warnings about a crisis at the southern border as a “fake emergency” reliant on “nonsensical” numbers about the flow of migrants. They even tried, and failed, to terminate his emergency declaration, which has also triggered a flurry of lawsuits, but that won’t change the fact that the first tranche of money from Trump’s expanded border wall has already been approved by the DoJ. 

And the timing couldn’t have been better, because over the past month, as reports about the number of migrant families declaring asylum between border checkpoints climbing to an all-time high were picked up by the mainstream press,  the true weight of the ongoing disaster at the border has suddenly become difficult to ignore. Even the peso, which had mostly shrugged off his prior threats, tumbled when Trump warned that he would close the border next week if Mexico doesn’t try to stop illegals from entering the US.

Migrants

And in the latest report that, like the others, will be difficult for the public to chalk up to more conservative fear mongering, USA Today published a story on Saturday about a border city that has seen public resources overwhelmed as asylum seekers are released into the city at a rate of more than 800 per day.

The city is McAllen, Texas, which has seen a surge of migrants crowding church shelters and other resources in the community as ICE has been forced to release more asylum seekers as they await their immigration hearings. ICE shelters have simply become too overcrowded, and the agency, which can hold migrants for up to 20 days, longer than the 72 hours for the border patrol, has few alternatives.

Under a bridge connecting the U.S. with Mexico, dozens of migrant families cram into a makeshift camp set up by U.S. Customs and Border Protection. The families are there because permanent processing facilities have run out of room.


Alex Jones presents a report produced by CNN where Latino voters living along the border in Texas make it completely clear that they want the wall, and in fact, they want it taller and longer than its current construction.

Seven hundred miles east, busload after busload of weary, bedraggled migrants crowd into the Catholic Charities Humanitarian Respite Center in McAllen, Texas. Organizers there are used to handling 200 to 300 migrants a day. Lately, the migrants have been arriving at a clip of around 800 a day, overflowing the respite center and straining city resources.

“It’s staggering,” McAllen City Manager Roy Rodriguez said. “Really, we’ve never seen anything like this before.”

Along the Texas border with Mexico – from El Paso to Eagle Pass to the Rio Grande Valley – masses of migrants have been crossing the border in unprecedented numbers, overwhelming federal holding facilities and sending local leaders and volunteers scrambling to deal with the relentless waves of people.

With the border patrol on track to apprehend 100,000 migrants during the month of March – a new monthly record – Customs and Border Protection Commissioner Kevin McAleenan said Wednesday during a speech in El Paso that the border had reached its “breaking point”. He urged Congress to do something – though it seems the Democrat-led House is preoccupied with stymieing Republican efforts to secure more money for border security. “The surge numbers are just overwhelming the system”, McAleenan said.

Theresa Brown, director of immigration and cross-border policy at the Bipartisan Policy Center, who was a CBP policy adviser under both President Obama and President Bush, put it even more bluntly: “This is a system-wide collapse”.

When migrants who have made it through the first round of the asylum process arrive in McAllen, they are typically released to the Catholic charities in town, which have also become overwhelmed.

In McAllen, migrants deemed to have credible asylum cases are released to the Catholic Charities respite center, where they’re allowed to shower, given medical attention and helped with getting a bus or airplane ticket to their final U.S. destination.

Sister Norma Pimentel, who oversees the shelter, said she received a phone call two weekends ago from a Border Patrol official warning that the numbers were about to skyrocket. The next day, around 800 migrants showed up to the shelter, she said.

On Wednesday, clusters of migrants crowded the halls of the center. Lines stretched down long halls, as migrants waited to use the shower or pick up diapers. Teams of volunteers called migrants’ relatives to get bus tickets. Every 20 minutes or so, a new tour bus would drive up and deliver another 50 migrants into the shelter.

As the charity’s respite center started to overflow, the town has gotten involved, opening new shelters and bringing in city buses for transportation. Local officials are applying for federal disaster grants to compensate them for the hundreds and thousands of dollars already drained from city coffers.

Despite the crush, Pimentel said she will continue taking in the migrants. “If you drop them off on the street, they’re not going to know what to do” she said. “We’re going to have chaos. We’re going to have a terrible problem.”

As the respite center started to overflow last week, city officials got involved, opening new shelters and contracting buses to take the migrants directly to shelters rather than have them cluster around the bus station downtown.

Rodriguez, the city manager, said he’s dedicated several city officials to spearhead the problem and the city’s spending thousands of taxpayer dollars a day on the buses and other services.

He’s lobbied the federal government for reimbursement, but he’s not overly hopeful. In 2014, when a similar crush of Central American migrants strained city resources, local officials applied for $600,000 in federal disaster funds. After years of wrangling, they got just $140,000, he said.

“This is very similar to what we saw then,” Rodriguez said. “It’s real people and real time and real money.”

So, Nancy Pelosi, tell us again how the border crisis is a “made up emergency?”?

Source: InfoWars

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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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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