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NBA notebook: Texas Tech’s Culver declares for draft

FILE PHOTO: NCAA Basketball: Final Four-National Championship-Virginia vs Texas Tech
FILE PHOTO: Apr 8, 2019; Minneapolis, MN, USA; Texas Tech Red Raiders guard Jarrett Culver (23) speaks during a press conference after the championship game of the 2019 men's Final Four at US Bank Stadium. Mandatory Credit: Caylor Arnold-USA TODAY Sports

April 19, 2019

Texas Tech standout Jarrett Culver, the Big 12 Player of the Year, announced Thursday he will forgo his last two seasons in Lubbock and declare for the 2019 NBA Draft.

The 6-foot-5, 195-pound guard made the announcement during a press conference in Lubbock, Texas.

Culver helped lead the Red Raiders to a share of the Big 12 regular-season title and was effective in this year’s NCAA Tournament, where Texas Tech fell to Virginia 85-77 in overtime in the national championship game.

On the season, Culver averaged 18.5 points, 6.4 rebounds and 3.7 assists per game while the Red Raiders set a school record with 31 wins.

–Also announcing his plans to declare for the draft was 18-year-old Russian Nikita Mikhailovskii, according to a report by ESPN.

The 6-foot-8, 180-pound wing is trying to become the first Russian player drafted since 2013 when Sergey Karasev was chosen with the 19th pick by the Cleveland Cavaliers.

Mikhailovskii spent the past season playing in the mostly Russian VTB United League and FIBA Europe Cup, averaging 7.8 points in 16.8 minutes while shooting 43.9 percent from 3-point range in 45 games.

–The Memphis Grizzlies hired two former general managers to their front office, adding Rich Cho as vice president of strategy and Glen Grunwald as senior adviser.

Cho is a former GM of the Charlotte Hornets and Portland Trail Blazers, and Grunwald was GM of the New York Knicks and Toronto Raptors.

The Grizzlies demoted former GM Chris Wallace to a scouting role in a flurry of moves last week, including the firing of head coach J.B. Bickerstaff and the promotion of Zach Kleiman to executive vice president of basketball operations.

–Los Angeles Clippers assistant general manager Trent Redden reportedly is close to interviewing for a senior front-office role with the New Orleans Pelicans.

The Clippers gave the Pelicans permission to discuss the position with Redden, ESPN reported, citing league sources.

David Griffin, the Pelicans’ new executive vice president of basketball operations, worked closely with Redden when they with the Cleveland Cavaliers during their 2016 NBA championship season. ESPN’s Adrian Wojnarowski noted that Griffin is expected to be “aggressive” in pursuing Redden.

–Field Level Media

Source: OANN

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Blasts rock 3 churches, 3 hotels in Sri Lanka; multiple fatalities reported

Six nearly simultaneous explosions struck three churches and three hotels frequented by tourists on Easter Sunday in Sri Lanka, according to a security official in Colombo, the capital of the island nation in the Indian Ocean.

Multiple fatalities resulted among worshipers and hotel guests, the official said, adding that at least two of the church blasts were believed to have been carried out by suicide bombers.

SRI LANKA AVERTS RIFT SPILLING OVER TO UN RIGHTS SESSION

One church, St. Anthony's Shrine, and the three hotels are in Colombo and are frequented by foreign tourists. The other two churches are in Negombo, a Catholic majority town north of Colombo, and the eastern town of Batticaloa.

The official spoke on condition of anonymity as he was not authorized to speak with reporters.

Alex Agileson, who was in the vicinity, told the Associated Press that the explosions shook other buildings in the surrounding area. he reported seeing numerous people carried to ambulances.

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Police immediately rushed to the scenes of the blasts.

About 50 people with assorted injuries had so far been admitted in Colombo's main hospital.

There were no immediate claims of responsibility, Reuters reported.

The Associated Press contributed to this story. This is a developing story. Check back for updates.

Source: Fox News World

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Pet deer kills man and injures wife in rural Australia

Police say a man has been killed and his wife critically injured when they were attacked by their pet deer on a rural Australian property.

Police Sergeant Paul Pursell says the 46-year-old man entered the stag's enclosure on Wednesday morning at Moyhu in Victoria state.

Pursell says the wife also entered the enclosure after hearing a commotion and was also attacked.

Police shot the deer before a paramedic treated the couple.

The husband died at the scene and his wife was flown by helicopter to the Alfred Hospital in Melbourne where she condition was described as critical.

Pursell says the stag was a cross between a red deer and an elk.

Source: Fox News World

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U.S. Senators introduce bill to stop transfer of F-35 fighter jets to Turkey

FILE PHOTO - A real-size mock of F-35 fighter jet is displayed at Japan International Aerospace Exhibition in Tokyo
FILE PHOTO - A real-size mock of F-35 fighter jet is displayed at Japan International Aerospace Exhibition in Tokyo, Japan November 28, 2018. REUTERS/Tim Kelly

March 28, 2019

WASHINGTON (Reuters) – U.S. Senators on Thursday introduced a bipartisan bill to prohibit the transfer of F-35 fighter aircraft to Turkey until the U.S. government certifies that Ankara will not take delivery of a Russian S-400 air defense system, a statement on the move said.

“The prospect of Russia having access to U.S. aircraft and technology in a NATO country, Turkey, is a serious national and global security risk,” said Democratic Senator Jeanne Shaheen, one of the four co-authors of the bill.

Turkey is a production partner in the trillion-dollar F-35 fighter jet program but Ankara also wants to purchase a Russian missile defense system, which the United States says would compromise the security of F-35 aircraft.

(Reporting by Humeyra Pamuk; Editing by James Dalgleish)

Source: OANN

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High school baseball coach, wife electrocuted while installing new scoreboard

A Florida high school baseball coach and his wife were electrocuted while installing a new scoreboard at a baseball field to replace one that had been destroyed by Hurricane Michael, officials said.

Liberty County Sheriff Joe White confirmed Monday that Corey Crum, 39, and his wife Shana Crum, 41, died Sunday afternoon in Bristol. He said their 14-year-old son was injured and expected to recover.

“Coach Crum was operating a boom lift, and unloading a piece of equipment from a trailer when the boom of the lift made contact with overhead powerlines,” White said in a press release. “This electrified the boom lift electrocuting Coach Crum.”

He added: “The coach’s wife attempted to aid him, and was also electrocuted. Their son also attempted to help the two, and he was electrocuted and injured. ...This is a tragic event which has rocked our community to its core. We ask for prayers and respect for the family, students and parents involved.”

FLORIDA BOY GETS TRAPPED INSIDE COOLER, PROMPTING VOLUNTARY RECALL

Corey Crum was the baseball coach at Liberty County High School. He was in his first year as head coach after previously coaching the junior varsity team, the Tallahassee Democrat reported.

School board member Kyle Peddie, whose son is also on the team, told the Tallahassee Democrat that the scoreboard had fallen over and was destroyed in the storm. He said the Crums and other parents were working on replacing it with a new one when they were electrocuted.

“The boys are devastated,” Peddie said of the team.

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The sheriff’s office said team members were taken to the gym, where grief counselors were available.

Source: Fox News National

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House vote to stop Trump's border plan unlikely to succeed

President Donald Trump is nearing a victory over Democrats as the House tries overriding his first veto, a vote that seems certain to fail and would let stand his declaration of a national emergency at the Mexican border.

Tuesday's vote would keep the border emergency intact, which for now would let him shift an additional $3.6 billion from military construction projects to work on a barrier along the southwest boundary. Building the wall was one of his most oft-repeated campaign promises, though he claimed the money would come from Mexico, not taxpayers.

Trump's emergency declaration drew unanimous opposition from congressional Democrats and opposition from some Republicans, especially in the Senate, where lawmakers objected that he was abusing presidential powers.

But while Congress approved a resolution voiding Trump's move, the margins by which the House and Senate passed the measure fell well short of the two-thirds majorities that will be needed to override the veto. That's expected to happen again when the House votes Tuesday.

"The president will be fine in the House," said Minority Leader Kevin McCarthy, R-Calif., in a brief interview. "The veto will not be overridden."

Even with his veto remaining intact, Trump may not be able to spend the money for barriers quickly because of lawsuits that might take years to resolve.

Tuesday's vote was coming as Trump claimed a different political triumph after Attorney General William Barr said special counsel Robert Mueller had ended his two-year investigation without evidence of collusion by Trump's 2016 campaign with the Russian government.

Democrats were hoping to use the border emergency battle in upcoming campaigns, both to symbolize Trump's harsh immigration stance and claim he was hurting congressional districts around the country.

The Pentagon sent lawmakers a list last week of hundreds of military construction projects that might be cut to pay for barrier work. Though the list was tentative, Democrats were asserting that GOP lawmakers were endangering local bases to pay for the wall.

Congress, to which the Constitution assigned control over spending, voted weeks ago to provide less than $1.4 billion for barriers. Opponents warned that besides usurping Congress' role in making spending decisions, Trump was inviting future Democratic presidents to circumvent lawmakers by declaring emergencies to finance their own favored initiatives.

Trump supporters said he was simply acting under a 1976 law that lets presidents declare national emergencies. Trump's declaration was the 60th presidential emergency under that statute, but the first aimed at spending that Congress explicitly denied, according to New York University's Brennan Center for Justice, which tracks the law.

The House approved the resolution blocking Trump's emergency by 245-182 in February. On Tuesday, Trump opponents will need to reach 288 votes to prevail.

Just 13 Republicans opposed Trump in February, around 1 in 15. Another 30 would have to defect to override his veto.

This month, the GOP-led Senate rebuked Trump with a 59-41 vote blocking his declaration after the failure of a Republican effort to reach a compromise with the White House. Republicans were hoping to avoid a confrontation with him for fear of alienating pro-Trump voters.

Twelve GOP senators, nearly 1 in 4, ended up opposing him.

If the House vote fails, the Senate won't attempt its own override and the veto will stand.

Source: Fox News National

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Afghan official says Taliban ambush police convoy, kills 9

An Afghan official says the Taliban ambushed a security convoy, killing nine policemen in western Farah province.

Abdul Samad Salehi, a provincial councilman, says the convoy was heading to defuse a roadside bomb on Wednesday afternoon when the ambush happened in Anardara district.

Saleh says that shortly after the attack on the convoy, other Taliban insurgents targeted and briefly overran the district police headquarters. After a few hours of clashes, reinforcements arrived and wrested back control of the headquarters.

The insurgents did not immediately comment on the Farah attacks. The Taliban have been active in the area and have launched large-scale attacks against Afghan security forces in Farah.

The Taliban stage-near daily attacks even as they hold talks with a U.S. envoy tasked on a peaceful resolution to the war.

Source: Fox News World

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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

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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

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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

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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

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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

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