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Father of woman allegedly killed by taxi says he will never forgive driver

The father of a woman killed when she was struck by a taxi in New York on Sunday said he’ll never forgive the driver.

Prakash Hundalani told NBC New York that his family was mourning his daughter’s death.

"Oh, my God, she was so caring, so loving, such a beautiful daughter, only 26 years old," Prakash Hundalani said. "I can't believe this. We cannot believe this. Our family is totally torn apart."

DRONE SEARCHING FOR MISSING DOG IS SHOT OUT OF SKY BY NEW YORK MAN, POLICE SAY

Hundalani’s daughter, Sherena Hundalani, worked as a manager at her father’s restaurant in Hell’s Kitchen. She was killed while walking on the sidewalk close to her home in Queens, the New York Post reported. A green taxi struck her and then allegedly kept going as bystanders chased it.

"She was just standing on the sidewalk, waiting for a signal to go red so she could walk and cross," Prakash said of his daughter.

The 55-year-old driver was taken in for questioning before he was released without charges, NBC New York reported. The driver told authorities he could not stop the vehicle “after it suffered mechanical failure,” a source told the New York Post. Authorities have not released the driver’s name.

PREGNANT MOM OF 6 KILLED TRYING TO PROTECT FAMILY FROM ROAD-RAGING DRIVER: COPS

"What was his condition that he ran over her on the sidewalk when pedestrians were standing there?" Prakash said. "She was the only one waiting for a signal, it looks like."

"I will never forgive the taxi driver," he continued. "I don't know how you can hit her on the sidewalk."

Police were investigating the incident.

Source: Fox News National

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Sen. Scott Rejects Schumer Argument: I Helped Puerto Rico

Sen. Rick Scott Wednesday rejected claims from Senate Minority Leader Chuck Schumer that he was siding with President Donald Trump on disaster relief for Puerto Rico, rather than with those who are still struggling after Hurricane Maria devastated the island territory.

"That's not true what he said," the Florida Republican and former governor told Fox News' "Fox and Friends." "The first time, I talked (about) $600 million for food and nutrition money to Puerto Rico."

Scott added that when he looks at Schumer, D-NY, he sees a person who hates Trump.

"I did well with Puerto Ricans and he acts like he cares,"  Scott said of Schumer. "When Maria hit, did he go to Puerto Rico and say what do you need? No. I went there eight times. Did he open up relief centers in New York? No. I opened two in Florida to help them."

Further, Scott said that as governor, he also waived regulations so children could get into Florida's schools and their parents could get jobs.

"This is him saying he wants to care so it hurts Republicans because we actually do care about Puerto Rico," said Scott.

The senator also weighed in on Attorney General William Barr's ruling that some illegal immigrants facing deportation must be held without bond as their cases play out, saying it's important that the United States enforce its laws.

"I have been to the border," said Scott. "The border agents are frustrated. They need more people, more technology, some barriers."

Source: NewsMax Politics

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Kenneth Starr concerned Mueller report may not be ‘written in a fair and balanced way’

Former independent counsel Kenneth Starr said Wednesday he was concerned Special Counsel Robert Mueller's upcoming redacted report may not be "written in a fair and balanced way."

“The concern that I think is a fair concern is, is the report going to be written in a fair and balanced way? It is a concern,” Starr said on “America’s Newsroom” on Wednesday. “Now why the concern? Because of Bob Mueller, who I hold in very high regard, his choice of staff. So many questions have been raised about that staff and their leanings and so forth. And they've had the opportunity without any kind of cross examination, any kind of check, any kind of balance to write whatever they want to write. And that I think legitimately raises concern of fairness and balance.”

KENNETH STARR 'VERY PROUD' OF WILLIAM BARR'S HANDLING OF MUELLER REPORT 

Last month, Mueller submitted his almost 400-page report to the Justice Department for review by the attorney general and Deputy Attorney General Rod Rosenstein. In a letter to Congress, Attorney General Bill Barr relayed some of the primary findings of the report, stating the special counsel found no evidence of collusion between members of the Trump campaign and the Russians during the 2016 presidential election. Democrats blasted Barr for what they called his "unacceptable" handling of the initial summary of that document.

Barr said he identified four areas of the report that he believed should be redacted, including grand jury material and information the intelligence community believes would reveal intelligence sources and methods.

MUELLER PROBE HAS COST TAXPAYERS MORE THAN $25 MILLION, SPENDING REPORT REVEALS

“The frustration will be, we don't have it all. Why don't we have it all? I think Bill Barr, the Attorney General, has very ably and responsibly answered that. There are restrictions on law. Grand jury testimony being the primary example,” Starr said Wednesday. “And then the acrimony will be this cherry picking. I think it is inevitable. ‘A-ha, do you see this sentence, see that and what that means is,’ and then a lot of interpretation and extrapolation.”

He added, “It would be good if we could call a national time-out and actually review what we have and then come to a more sober judgment. But politics is politics.”

Starr recommended Barr explain why he did what he did in the report once it is released.

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“I'm speaking as a citizen who has served in the justice department. This would build, I think, public confidence in what he has done, if he stands and explains it rather than waiting for a Congressional hearing, which will be a week or who knows how long and then all of the spinning goes on in the meantime. Let's hear from the attorney general of the United States. That's my hope,” said Starr.

Starr conducted an investigation into former President Bill Clinton and released his report in 1998.

Source: Fox News Politics

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Peacekeeping chief: UN backs desire for end to Haiti mission

The U.N. peacekeeping chief says the United Nations supports the desire of Haiti's leaders to end its stabilization mission in the country in October and for Haitian authorities to fully assume responsibility for security.

Jean-Pierre Lacroix told the Security Council Wednesday that the U.N. trusts "the capacity of the Haitian national police to manage security risks without international operational support."

The U.N. Stabilization Mission in Haiti has been training the national police and helping the government strengthen judicial and legal institutions and monitor human rights since the U.N. peacekeeping mission ended on Oct. 15, 2017 after 13 years.

Lacroix said Haiti recently has seen "progress in some areas and volatility or stagnation in others."

Haiti's largest opposition groups have engaged in nationwide protests to oust President Jovenel Moise.

Source: Fox News World

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BP CEO Dudley’s 2018 pay slips to $14.7 million

Group Chief Executive of BP Bob Dudley poses for a photograph at the BP International Headquarters in central London
Group Chief Executive of BP Bob Dudley poses for a photograph at the BP International Headquarters in central London, Britain, May 16, 2018. REUTERS/Henry Nicholls

March 29, 2019

LONDON (Reuters) – BP Chief Executive Officer Bob Dudley’s 2018 remuneration slipped to $14.7 million from a year earlier, as the oil and gas company’s profits doubled to a five-year high.

Dudley’s 2017 remuneration was revised upwards to $15.1 million from the previous $13.4 million due to changes in the value of BP’s shares over the period.

The drop in pay in 2018 was a result of a reduced annual bonus and pension, which was partly offset by a rise in BP’s share price, the company said in its 2018 annual report.

(Reporting by Ron Bousso, editing by Louise Heavens)

Source: OANN

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Beto O'Rourke's Team Looking Into NH Staff, Strategists

Former congressman Beto O'Rourke has yet to announce a presidential bid, but ABC affiliate WMUR reports people close to him are inquiring about potential staff and strategists in New Hampshire.

Sources told WMUR those close to O'Rourke have contacted people that are knowledgeable about New Hampshire politics and specifically discussed what campaigning in the state is like. These talks included the names of strategists and other political operatives who could be free if the former congressman decides to mount a campaign.

O'Rourke told The Dallas Morning News last week, although he will not run against Sen. John Cornyn, R-Texas, who will be seeking re-election, he and his wife "have made a decision about how we can best serve our country. We are excited to share it with everyone soon."

Source: NewsMax America

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Volkswagen management and works council divided over restructuring plans

FILE PHOTO: An employee moves car components in a production line at the Volkswagen plant in Wolfsburg
FILE PHOTO: An employee moves car components in a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer

March 20, 2019

BERLIN (Reuters) – Volkswagen’s supervisory board is set to meet on Friday to discuss the company’s ambitious cost-reduction plans, Der Spiegel reported on Wednesday, citing company sources.

The magazine said the extraordinary board meeting has been scheduled to mediate between management at Germany’s biggest carmaker and the head of its works council, Bernd Osterloh, who is also a member of the supervisory board.

A Volkswagen spokesman said he did not know of any planned board session.

A participant at a staff gathering on Wednesday told Reuters that Osterloh had said that unless the management offered concessions on planned job cuts there could be a confrontation that would “paralyze the company for months”.

Volkswagen this month said it would shrink its workforce by up to 7,000, raise productivity and eke out 5.9 billion euros ($6.7 billion) in annual savings at its core VW brand by 2023 in an effort to raise operating margins to 6 percent.

Der Spiegel, which also referred to the staff meeting, reported that Osterloh demanded a jobs guarantee to 2029 and that the Wolfsburg-based carmaker restaffs all currently open positions.

“I will tell Mr. Porsche the same thing this week,” Osterloh was quoted as saying by the meeting participant who spoke to Reuters.

Wolfgang Porsche is chairman of Porsche SE, the holding company that controls Volkswagen, and is a member of Volkswagen’s supervisory board. Tensions had flared this month after he criticized what he described as rigid structures in Wolfsburg and demanded greater flexibility from VW’s workers to help Chief Executive Herbert Diess to overhaul the carmaker.

“We give job guarantees until 2025 or 2028 and have no idea what the competition in China will be unveiling in two years time,” Porsche said at the time.

Osterloh has retaliated by blaming management mistakes for high costs and low profitability at VW.

(Reporting by Tassilo Hummel; Editing by Douglas Busvine and David Goodman)

Source: OANN

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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