Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Bristol-Myers says Starboard nominated five directors, bought shares

FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau/File Photo

February 20, 2019

BOSTON (Reuters) – Bristol-Myers Squibb Co. said on Wednesday that activist hedge fund Starboard Value LP wants to add five directors to its board and bought one million shares after the pharmaceutical company said it plans to buy biotech company Celgene Corp.

“Starboard Value sent Bristol-Myers Squibb a notice of nomination in connection with Bristol-Myers Squibb’s 2019 Annual Meeting of Stockholders,” the company said in a regulatory filing on Wednesday, adding that the hedge fund proposed five directors, including the firm’s co-founder, Jeffrey Smith. The company did not say when Starboard sent its notice.

(Reporting by Svea Herbst-Bayliss and Greg Roumeliotis)

Source: OANN

0 0

Hillary Clinton Laughs & Jokes at Arrest of Julian Assange

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

Source: InfoWars

0 0

Floods kill at least 18 in southern Iran, after deluge in north

Damaged vehicles are seen after a flash flooding In Shiraz
Damaged vehicles are seen after a flash flooding In Shiraz, Iran, March 25, 2019. Tasnim News Agency/Handout via REUTERS

March 25, 2019

By Parisa Hafezi

DUBAI (Reuters) – At least 18 people were killed and around 100 others were wounded in flash floods in Iran’s southern province of Fars, Iran’s semi-official Tasnim news agency reported on Monday, following devastating floods in the north.

State TV said several provinces were also on high alert for more imminent flooding because of heavy rain. The meteorology department warned people about rain forecast for the coming days, state radio reported, urging them to avoid any trips.

As the victims of the northern Iran flood struggled with the water and mud, President Hassan Rouhani’s hardline rivals have criticized his government for doing too little, too late.

Iran’s hardline judiciary said on Sunday the government’s handling of the disaster was being investigated, the judiciary’s Mizan news agency reported.

“Any shortcomings regarding the handling of the floods, failure to provide relief and aid to the survivors will be investigated,” it quoted judiciary chief Ebrahim Raisi as saying.

Hardline cleric Raisi lost the 2017 presidential election, when Rouhani was re-elected.

The semi-official Fars news agency reported on Monday that Rouhani has returned to Tehran from Iran’s Qeshm Island in the Gulf, where he had been spending the Iranian new year holiday.

He was criticized by Iranians on social media for being in the south when flooding was hitting the north of the country.

In a rare move, Iran’s top authority, Supreme Leader Ayatollah Ali Khamenei, called on the armed forces to help the flood-hit northern provinces.

Iran’s hardline media have accused the government reacting too slowly to the floods, while highlighting aid work by the Revolutionary Guards – a rival power center in Iran’s faction-ridden political establishment.

Vice President Eshaq Jahangiri fired the governor of Golestan province, according to Tasnim, for not cutting short his trip abroad during the floods.

The spread of flooding to the south follows days of floods that affected more than 56,000 people living in 270 villages and small towns in the northern provinces of Golestan and Mazandaran, on the Caspian Sea, since March 19, TV reported.

In Shiraz, in the south, Tasnim quoted the head of Iran’s emergency medical services, Pirhossein Kolivand, as saying 18 people had been killing, including four children. Some 94 were injured in the city in Fars province.

TV aired footage of cars caught in flood waters in Shiraz. Iran’s Students News Agency ISNA said high water had damaged thousands of houses in Shiraz and other towns.

“We all are going to die. Pray for us. We are all going to die. Mother, we all are going to die,” said a woman in a bus caught in the floods in Shiraz, according to a video posted on Twitter.

Fars Governor Enayatollah Rahimi told state TV the flooding was under control and rescue and aid workers had been dispatched to the flood-hit areas.

Kolivand later said one other person was also killed in Sarpol-e Zahab in the western province of Kermanshah.

Authorities also have warned about possibility of floods in the capital, Tehran, as well as in the oil-rich southern province of Khuzestan in the next 48 hours.

(Writing by Parisa Hafezi; Editing by Alison Williams)

Source: OANN

0 0

There Will Be a Reckoning Over Dem Collusion Fantasy

There Will Be a Reckoning Over Dem Collusion Fantasy

AP Photo/Manuel Balce Ceneta

Grand Rapids, Michigan, might be my new favorite city. I hadn’t remembered that it was the president’s last stop on the 2016 campaign trail until he reminded his huge (yuge!) audience there on Thursday night.

Read Full Article »

0 0

‘Shadowy’ dark money network behind left-wing causes exposed in new report

An expansive network of “shadowy” dark money donors has grown to rival the influence of the conservative Koch brothers -- pumping millions into left-wing causes ranging from health care to climate change to abortion -- all while flying well under the radar of public scrutiny, according to an explosive new report obtained by Fox News.

The report, by conservative watchdog Capital Research Center, describes a band of nonprofits operating under the banner of Washington-based philanthropy company Arabella Advisors. Those “pop up groups” are housed in four Arabella-controlled “sister” nonprofits, according to the report: the New Venture Fund, Sixteen Thirty Fund, Hopewell Fund and Windward Fund.

EX-CLINTON OFFICIAL LEADS 'DARK MONEY' EFFORT TO BOOT KAVANAUGH FROM TEACHING GIG

“Together, these groups form an interlocking network of 'dark money' pop-up groups and other fiscally sponsored projects, all afloat in a half-billion-dollar ocean of cash,” the report says. “The real puppeteer, though, is Arabella Advisors, which has managed to largely conceal its role in coordinating so much of the professional Left’s infrastructure under a mask of ‘philanthropy.’”

The report says the "hydra-like" network brought in $1.6 billion between 2013 and 2017 "to advance the political policies desired by wealthy left-wing interests," as the network’s revenues grew by 392 percent. The four Arabella-controlled “sister” groups brought in $582 million in 2017 alone, according to the report. If the four groups were a single entity, it would make them the 22nd largest public charity in America, with higher revenues than the American Civil Liberties Union (ACLU), Planned Parenthood or the Clinton Foundation.

“The size and scope of the Arabella network of funds demonstrates far more ‘dark money’ exists on the left side of the political spectrum than has been previously admitted,” the report says.

Arabella’s website says the company was founded to “provide strategic guidance for effective philanthropy” and is “dedicated to helping clients make a difference on the issues that matter most to them, from climate to women and girls, education, good food, and more.” All told, the company represents clients with collective assets totaling more than $100 billion.

But the report alleges the group blurs the line between philanthropy and political advocacy on issues such as ObamaCare, gun control, abortion and opposition to the confirmation of now-Supreme Court Justice Brett Kavanaugh. And it says that due to the financial arrangements and lack of donor disclosure, “it is impossible to know which organization subsidizes the various campaigns and political movements spawned by Arabella’s funds.”

The company was founded by Eric Kessler, who has worked both in the Clinton administration, where he managed conservation issues, and as a member of the Clinton Global Initiative. He also founded the New Venture Fund and is on the board of the Sixteen Thirty Fund.

Arabella did not respond to a request for comment from Fox News. New Venture Fund President Lee Bodner told Fox News in a statement: "The New Venture Fund is proud of our work supporting charitable projects that improve peoples’ lives across a wide range of issues, funded by a diverse set of donors."

The report claims the group runs a network of “astroturf” activities including as many as 340 “pop up” groups -- which the report says are often little more than websites created to give the appearance of grassroots campaigns. It cites the organization's activities pushing back against Republican efforts to repeal and replace ObamaCare as an example of its political activism.

“At a glance, these groups -- such as Save My Care and Protect Our Care -- appeared to be impassioned examples of citizen activists defending ObamaCare,” the report says. “In reality, neither ‘not-for-profit’ advocacy group appears to have paid staff, held board meetings, or even owned so much as a pen.”

Consequently, the report says, the groups can be used to run “short-term, high intensity media campaigns targeting the news cycle” such as during the Kavanaugh confirmation hearing. The report gave the example of activists, led by Demand Justice, waving glossy “Stop Kavanaugh” signs in protest of the conservative nominee's confirmation.

Demand Justice, led by former Hillary Clinton press secretary Brian Fallon, is very active on judicial issues -- and is more than just a website. But the report described the organization as part of the broader network, specifically “a front for the Sixteen Thirty Fund.”

The Sixteen Thirty Fund, according to a July 2018 Politico report, was described as “among the most prolific political advertisers of 2018” and aired 6,885 broadcast TV ads between January and July while spending $4.6 million on TV alone. Politico cited the group as an example of the left embracing the “dark money” tactics it long accused the right of weaponizing.

LIBERAL 'DARK MONEY' GROUPS OUTSPENT CONSERVATIVE ONES IN 2018 ELECTIONS

Politico identified 12 groups set up through the Sixteen Thirty Fund on health care alone. By serving as those groups’ “fiscal sponsor,” Sixteen Thirty Fund manages the money and aggregates their financial activities in its tax filings -- making it hard to work out how much money was spent by the different groups and where.

The new report says liberal mega-donor George Soros' Democracy Alliance, for instance, used the Sixteen Thirty Fund and New Venture Fund to host several projects "that didn't disclose their original funders." The Capital Research Center report says that Arabella’s nonprofit network allows it to mask the “pop up” groups’ nature, making them seem like the work of “grassroots” activists rather than what it calls “front groups for multi-million-dollar non-profits.”

Conservatives, however, are still spending more "dark money" than liberals in some areas. Vice, citing a study by the Brennan Center for Justice, reported last year that groups supporting Kavanaugh's confirmation spent at least $7.3 million on TV ads, while those opposing him spent at least $2.9 million.

Democrats and left-wing activists -- including Rep. Alexandria Ocasio-Cortez, D-N.Y. -- have been increasingly vocal in their calls to clamp down and regulate “dark money” in U.S. political activities.

But dark money has had bipartisan beneficiaries.

CLICK HERE TO GET THE FOX NEWS APP

A January report from Issue One, a bipartisan advocacy group, shows that liberal groups spent over half of the $150 million of dark money in the latest election. Conservative groups spent a third of the figure, while nonpartisan groups spent just 15 percent.

And Sen. Sheldon Whitehouse, D-R.I., recently said that dark money is a problem "on both sides of the aisle," though he said it "occurs mostly on the Republican side."

The Capital Research Center report warns: “Before left-of-center activists and politicians demand laws to increase transparency in the funding of campaigns and public policy advocacy, they may first wish to consider voluntarily disclosing their own funding sources.”

Fox News' Lukas Mikelionis contributed to this report.

Source: Fox News Politics

0 0

Indonesia posts second straight surprise trade surplus in March

FILE PHOTO: Workers help unload bags of rice from a cargo ship onto a truck at Tanjung Priok Port in Jakarta,
FILE PHOTO: Workers help unload bags of rice from a cargo ship onto a truck at Tanjung Priok Port in Jakarta, Indonesia April 16, 2018. REUTERS/Darren Whiteside

April 15, 2019

JAKARTA (Reuters) – Indonesia posted a surprise trade surplus for a second straight month in March, data from the statistics bureau showed on Monday, confirming the central bank’s outlook of a narrowing current account deficit.

Southeast Asia’s largest economy had a surplus of $540 million in March, compared with February’s $330 million surplus and a forecast of $180 million deficit in a Reuters poll.

Exports fell 10.01 percent from a year earlier to $14.03 billion in March. This was against an 11.82 percent drop expected in the poll.

Imports dropped 6.76 percent to $13.49 billion, compared to the poll’s forecast of a 3.76 percent decline.

Trade deficit hit a record high of $8.5 billion in 2018 and authorities have been trying to reverse that by raising tariffs to halt imports and relaxing rules to support exports.

Analysts say an improvement in trade and current account deficits is a determining factor for Bank Indonesia (BI) to start loosening monetary policy, now that inflation is stable and the U.S. Federal Reserve will probably not raise rates further this year.

BI last year increased interest rates by a total of 175 basis points in response to a weak rupiah and capital outflows that were partly prompted by rising U.S. interest rates and large trade and current account deficits.

The central bank’s next policy meeting is scheduled for April 24-25.

(Reporting by Nilufar Rizki and Maikel Jefriando; Writing by Gayatri Suroyo; Editing by Subhranshu Sahu)

Source: OANN

0 0

Comcast in talks to sell its stake in Hulu to Disney: CNBC

FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York
FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York July 1, 2015. REUTERS/Brendan McDermid/File Photo

April 25, 2019

(Reuters) – Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter.

The report comes 10 days after Hulu bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion.

With Comcast’s stake, Disney will now have a 90 percent share in Hulu.

Comcast, Hulu and Disney did not immediately respond to requests for comment.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist