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China eyes U.S. poultry, pork imports in trade talks: sources

Pigs nearing market weight stand in pens at Duncan Farms in Polo
FILE PHOTO: Pigs nearing market weight stand in pens at Duncan Farms in Polo, Illinois, U.S. April 9, 2018. REUTERS/Daniel Acker

April 16, 2019

By Chris Prentice and Tom Polansek

NEW YORK/CHICAGO (Reuters) – China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said.

The United States and China are trying to hammer out a deal to end a months-long trade war that has cost the world’s two largest economies billions and roiled global financial markets and supply chains.

U.S. President Donald Trump’s administration is pressing Beijing to address concerns over Chinese practices on intellectual property rights, forced technology transfer and industrial subsidies.

Washington is also pushing for greater market access for agricultural products by seeking to reduce tariffs, lift bans and overhaul regulatory processes. The United States has asked Beijing to lift its bans on the drug ractopamine, which some U.S. pork producers use to boost hog growth, and on U.S. poultry, said two sources briefed on the discussions who spoke on condition of anonymity.

China’s negotiators have resisted lifting the ractopamine restriction even though Beijing may boost imports of U.S. pork as its own hog herd is devastated by disease, the sources said.

Huge losses in China’s hog herd due to African swine fever have left the world’s largest pork market facing a protein deficit, stoking hopes among U.S. pork and poultry producers.

“I think that China will do anything possible to make it easier for them to import protein,” said Bob Brown, an independent U.S. livestock market analyst. “This is such a gigantic thing,” he said of African swine fever.

Up to 200 million pigs could be culled or die from infections as the disease spreads through China, reducing the nation’s pork output by 30 percent from 2019, according to Rabobank.

Iowa State University agricultural economist Dermot Hayes said he expects China will import about 4 million to 6 million tonnes of pork in 2020, following losses in Chinese herds. The amount imported from the United States will depend on a trade deal, because Beijing maintains tariffs on shipments of American pork and has alternative suppliers, he said.

The Chinese poultry market also “has tremendous potential” for U.S. producers, said Jim Sumner, president of the USA Poultry and Egg Export Council in Stone Mountain, Georgia, valuing it at $500 million.

“With China’s situation with African swine fever, they’re going to have a real protein shortage in the near future,” he said.

The U.S. Department of Agriculture projects China’s total chicken imports will surge 68 percent this year to 575,000 tonnes, not including popular chicken feet, as African swine fever spurs consumers to turn to proteins other than pork. The disease is fatal to pigs but not harmful to humans.

Beijing has banned all U.S. poultry and eggs since January 2015 due to an avian influenza outbreak, which has been over for years. That caused imports to tank after the United States shipped $390 million worth of poultry and products to China in 2014. The following year, shipments were less than a fifth of that, at $74 million.

China lifted a similar restriction on poultry from France last month, and last year dropped duties on U.S. white-feathered broiler chickens. A total lifting of the ban would reopen the gates for U.S. poultry to compete in the world’s largest, and best-paying, market for products like chicken feet, and benefit companies such as Sanderson Farms Inc..

While it looks increasingly likely China may lift its ban on U.S. poultry, Beijing is seeking a “two-way street” and would want to be able to export some poultry products to the United States as well, two sources said.

China’s Ministry of Agriculture and Rural Affairs did not respond to a request for comment. A spokeswoman for the U.S. Trade Representative’s office declined to comment.

A U.S. meat exporter said officials from the USTR indicated that China will not drop its ban on ractopamine, though trade talks are still ongoing.

Chinese authorities blocked the use of ractopamine in livestock in 2002. They say it can cause health problems in people and is too similar to clenbuterol, an illegal additive in pig feed used to keep meat lean. The European Union also prohibits ractopamine, although the United States and other countries say it is safe.

Keeping the ban on ractopamine could benefit companies such as Smithfield Foods, a subsidiary of Hong Kong-listed WH Group Ltd that already raises most of its hogs without the drug. WH Group declined to comment. Smithfield Foods did not respond to request for comment.

Other U.S. pork producers that use the drug could benefit if China dropped its ban.

“It’s unfortunate news,” Christine McCracken, senior protein analyst with Rabobank in New York, said of the likely continuance of the ractopamine ban.

(Reporting by Chris Prentice in Washington and Tom Polansek in Chicago; Additional reporting by Dominique Patton in Beijing; Editing by Caroline Stauffer and Dan Grebler)

Source: OANN

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Unrealistic Promises to Rust Belt May Haunt Trump

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WASHINGTON -- When General Motors idled its auto plant in Lordstown, Ohio, this month, President Trump adopted a familiar strategy: He issued a nasty string of tweets blaming other people and promised, in effect, that he would restore the past.

Trump's angry, backward-looking approach may still appeal to some Rust Belt voters. But in the Ohio and Pennsylvania towns that helped win the presidency for Trump in 2016, his vow to turn back the clock hasn't worked out very well, and there are signs the Rust Belt may be corroding for him politically.

Lordstown's struggles, like those of other nearby mill towns, illustrate the harsh fact that manufacturing is a dynamic process. Old jobs are disappearing because of changes in technology or consumer preferences; trying to resist change is usually a fool's game. Rust Belt communities that are succeeding are the ones that have adapted by embracing new technologies and innovation.

Presidential leadership in this period of technological transition should focus on the future, rather than the past. But Trump seems almost a technophobe. Axios reported this week that he thinks driverless cars are "crazy." He tweeted March 12, after the crash of a high-tech Boeing jetliner: "Airplanes are becoming far too complex to fly ... I see it all the time in many products. Always seeking to go one unnecessary step further, when often old and simpler is far better."

Trump's response to Lordstown was to attack David Green, the UAW local president, implying that he was at fault along with GM, and demanding that he "get his act together and produce." Green had sent letters to Trump in July 2018 and February 2019 warning about threats to the plant. Trump didn't respond.

After Trump's Twitter tirade, Rep. Tim Ryan, the Ohio Democrat who represents the Lordstown area, fired back: "The President's tweet ... is offensive and does nothing to help bring back the manufacturing jobs he promised to my district."

Ryan argued that "the best thing is to help" GM renovate Lordstown and perhaps build electric vehicles there. Local residents said much the same thing to the Youngstown Vindicator this month: GM or a new owner should focus on new technology and making products people want to buy, rather than restore production of the low-selling Chevrolet Cruze.

Trump is vulnerable in the Rust Belt because he made such extravagant promises when he successfully wooed voters in 2016. "He won this area -- a largely Democratic area -- and he has not said a word yet, and that's just pathetic," warned Jim Graham a former UAW leader at Lordstown, in an interview with the Vindicator back in November, when GM said it planned to halt Cruze production there.

Local residents remember Trump's proclamation at a July 2017 rally in nearby Youngstown: "Those jobs [that] have left Ohio, they're all coming back ... Don't sell your house." Tommy Wolikow, a Lordstown worker, told the Vindicator: "I kind of turned into a Trump supporter at that time. I believed what he said. ... Almost two years later, I'm seeing nothing but job losses."

Homeowners in Youngstown certainly haven't seen a boom. According to Zillow, the online realty broker, the median price for a house in Youngstown is $39,900. The national median price of homes currently listed is $279,000. Browse the real estate ads for mill towns across Ohio and Pennsylvania and you'll see just how tough it is to be a Rust Belt resident, trapped in a downward cycle.

What's the right answer for Rust Belt towns where the old manufacturing base has disappeared? An interesting example is Erie, Pennsylvania. Most big factories there have closed in recent years, but the city is rebuilding itself around its local universities and a big insurance company. Profits from a big gambling casino in Erie County are funneled partly to "innovation spaces" at four local campuses.

Erie may have lost manufacturing jobs, but it's above the state average in advanced industries, says Ben Speggen, a local journalist who helps run a think tank in Erie called the Jefferson Educational Society. "There has been a real shift in understanding that our Rust Belt economy is not solely tied to manufacturing," he says.

Another key to success is welcoming foreigners. About 10 percent of Erie's population is refugees, according to James and Deborah Fallows in their recent book, "Our Towns." One of the 10 characteristics they found in successful local communities adapting to change is that "they make themselves open."

One more lesson from Erie County, in the heart of the Rust Belt: Trump won there in the 2016 presidential election, but in the 2018 midterm congressional election, the county voted Democratic.

(c) 2019, Washington Post Writers Group

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U.S. auto sales seen falling in March: J.D. Power, LMC Automotive

Automobiles for sale are seen at Serramonte Volkswagen in Colma, California
FILE PHOTO: Automobiles for sale are seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam

March 26, 2019

(Reuters) – U.S. auto sales are expected to drop about 2.1 percent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants J.D. Power and LMC Automotive.

The consultancies expect total U.S. vehicle sales of about 1.56 million units in March.

Retail sales are expected to touch 1,195,000 units in March, a 3.4 percent decline from a year earlier, the consultancies said on Tuesday.

The first-quarter sales are off to its slowest start since 2013, according to the industry consultants, who estimate retail sales in the quarter to be about 2.94 million vehicles – a decline of 4.9 percent compared to the same period a year ago.

“This is the first time in six years that Q1 sales will fall short of 3 million units. While the volume story could be better, there is remarkable growth in transaction prices, with records being set monthly,” Thomas King, senior vice-president of the data and analytics division at J.D. Power, said.

However, average transaction price is on pace to reach $33,319, the highest ever for the first quarter and an increase of over $1,000 compared to the same period a year ago.

LMC Automotive also forecast total light-vehicle sales of 16.9 million units this year, a 2.2 percent fall from 2018.

Earlier this month, the Federal Reserve said U.S. manufacturing output fell for a second straight month in February, held down by decline in motor vehicles and parts output that edged down 0.1 percent in February, after falling 7.6 percent in January.

(Reporting by Rachit Vats in Bengaluru and Nick Carey in Detroit; Editing by James Emmanuel)

Source: OANN

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Report: Boris Declares May Deal ‘Dead’, EU to Offer April Fools’ Day 2020 as New Brexit Day If It Fails

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Oscars draws bigger U.S. audience after record-low 2018

FILE PHOTO: An Oscars sign tops the fan bleachers on the red carpet as preparations continue for the 91st Academy Awards in Hollywood, Los Angeles
FILE PHOTO: An Oscars sign tops the fan bleachers on the red carpet as preparations continue for the 91st Academy Awards in Hollywood, Los Angeles, California, U.S., February 21, 2019. REUTERS/Lucy Nicholson

February 25, 2019

(Reuters) – The U.S. television audience for the first hostless Academy Awards broadcast in 30 years was roughly 12 percent bigger than last year’s record-low crowd of viewers, Walt Disney Co’s ABC said on Monday.

Even with the rebound from 2018 the Sunday telecast was the second-smallest ever for the Oscars, drawing in an average audience of 29.6 million total viewers, Nielsen data in an ABC statement showed.

Awards shows remain one of the few must-see live events and their ratings are closely watched by advertisers as streaming shows, movies and other content compete for watchers’ attention. Though dwarfed by the Super Bowl, the Oscars are often one of America’s most watched non-sporting events.

The Nielsen data for the Oscars does not include viewing of the Oscars on digital and mobile platforms. ABC owns U.S. broadcast rights for the Oscars through 2028.

Sunday’s ceremony opened with a performance by British rock band Queen, featuring “American Idol” star Adam Lambert as lead vocalist, that brought the audience to its feet.

The full show ran about 40 minutes shorter than the 2018 program hosted by Jimmy Kimmel and eschewed its typical opening monologue for short celebrity cameos.

Comedian Kevin Hart withdrew from the hosting job in December after past homophobic tweets resurfaced. It was only the second time the show went without a host in its 91-year history.

This year’s ceremony relied heavily on the two music-themed contenders in the best picture race, “A Star Is Born” and “Bohemian Rhapsody,” to help set the tone.

The 2019 Oscars were a win for films telling stories from a range of racial and cultural perspectives, marking a major shift three years after the industry’s top awards show was slammed for overlooking work by nonwhite artists.

Road trip movie “Green Book” triumphed over “Roma” to win the best picture Oscar.

The audience for this year’s Super Bowl, by far the most watched American event of the year, drew 98.2 million viewers on CBS Corp’s television network, down about 5 percent from last year’s game and its smallest audience since 2009.

But the U.S. audience for this year’s Grammy Awards on CBS rose slightly to 19.9 million. CBS said many millions more watched part of the highest honors in the U.S. music industry or interacted on social media.

(Writing by Meredith Mazzilli; Editing by Nick Zieminski)

Source: OANN

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Senator Graham says he will lobby Trump to recognize Golan as part of Israel

CPAC conference takes place in Maryland
FILE PHOTO: Senator Lindsey Graham (R-SC) speaks at the Conservative Political Action Conference (CPAC) at National Harbor in Oxon Hill, Maryland, U.S., February 28, 2019. REUTERS/Kevin Lamarque

March 11, 2019

JERUSALEM (Reuters) – Republican U.S. Senator Lindsey Graham said on Monday he would lobby the Trump administration to recognize the occupied Golan Heights as belonging to Israel.

Graham spoke during a tour of the plateau, captured from Syria during the 1967 Middle East War, with Israeli Prime Minister Benjamin Netanyahu. Israel effectively annexed the Golan in 1981, in a move not recognized internationally, when it adopted legislation that applied its laws to the area.

“There is no construct I can imagine now or any time in the future for the state of Israel to give the Golan up,” Graham told reporters.

Syria’s eight-year civil war has at times raged close to the Golan boundary.

Graham said he would talk to Trump about recognizing the rugged, strategically located plateau as part of Israel as it was “inconceivable that Israel could ever give it to anyone given the threats Israel faces”.

Israel says the territory is a critical buffer zone to defend its territory and has itself lobbied Trump to recognize Israeli sovereignty there.

In 2017, Trump broke with decades of U.S. policy on Jerusalem and recognized the city as Israel’s capital, angering Palestinians who seek its eastern sector as capital of a state they want to establish in the West Bank and Gaza Strip.

But Trump said he was not taking a position on the specific boundaries of Israeli sovereignty in Jerusalem.

(Reporting by Ari Rabinovitch; Editing by Mark Heinrich)

Source: OANN

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Florida kidnapping thwarted by gallery owner on video; woman arrested

Miami police on Monday arrested a woman who allegedly kidnapped a 6-year-old from an art gallery last week -- in a dramatic scene caught on video.

Katherine E. Hatcher, 50, was arrested and charged with kidnapping after police said she walked out of Swampspace Gallery on March 4.

The unidentified boy was at the gallery to visit the owner, Oliver Sanchez, and his daughter when he saw Hatcher walk into the gallery from the back, WSVN reported citing investigators.

Sanchez said he asked the “disheveled” woman to leave -- and when she did, he said she took the 6-year-old by the arm and left with him, claiming she was his family.

ILLEGAL IMMIGRANT WITH CRIMINAL HISTORY ARRESTED IN CALIFORNIA WOMAN'S MURDER

Sanchez said something didn’t seem right so he followed Hatcher for about a half-block where he proceeded to ask the boy how he knew her.

Once the boy said he didn’t, Sanchez told WSVN that he broke Hatcher’s grip, grabbed him and walked away.

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Miami police released surveillance video of the suspect on Monday asking the public’s help to identify her. A tip leading to her arrest came later that same day.

Hatcher lived at the Camillus House, a local nonprofit that cares for the homeless, the Miami Herald reported.

Source: Fox News National

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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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