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Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking

Rod Rosenstein, the U.S. deputy attorney general who supervised the Mueller investigation, spoke publically on Thursday for the first time since the report was released, taking a swipe at the Obama administration’s real-time reaction to Russian hacking and its decision "not publicize the full story" to the American people.

Rosenstein, who was speaking in New York at the Public Servants Dinner of the Armenian Bar Association, defended his handling of the probe and criticized former officials in the process. He called out former FBI Director James Comey for alerting Congress about the investigation into Russian collusion at the height of the 2016 presidential campaign.

SWALWELL NOT CERTAIN TRUMP ISN'T A 'RUSSIAN ASSET'

“The FBI disclosed classified evidence about the investigation to ranking legislators and their staffers,” he said. “Someone selectively leaked details to the news media. The FBI director [Comey] announced at a congressional hearing that there was a counterintelligence investigation that might result in criminal charges. Then the former FBI director alleged that the president pressured him to close the investigation, and the president denied that the conversation occurred.

"So that happened,” he joked.

The Obama administration has been criticized for its handling of the Russian interference. Trump has blamed Obama for not acting quickly enough to stem Russia’s influence during the campaign.

In 2016, NBC News, citing unnamed high-level officials, reported that the Obama administration did not respond more forcefully because it did not want to appear to be interfering with the election. One official told the network at the time, "They thought [Hillary Clinton] was going to win, so they were willing to kick the can down the road."

A reporter for NPR said the Obama administration debated how to handle the information and decided that Obama should deal with Russian President Vladimir Putin privately about the matter.

The Rosenstein speech touched on a lot of topics.

He blasted “mercenary critics” who benefit financially by expressing “passionate opinions about any topic, often with little or no information. They do not just express disagreement. They launch ad hominem attacks unrestricted by truth or morality. They make threats, spread fake stories and even attack your relatives.”

Rosenstein has maintained a tenuous relationship with Trump. Congressional Republicans have also accused him of withholding documents and not investigating aggressively enough what they contend was political bias within the FBI.

Former FBI General Counsel James Baker, in closed-door testimony before congressional committees last October, provided detail about internal discussions concerning Rosenstein's reported offer to wear a wire to tape the president in the tumultuous days following James Comey’s firing as FBI director in May 2017.

Fox News has confirmed portions of the transcript to the House Oversight and Judiciary Committees.

"At my confirmation hearing in March 2017, a Republican senator asked me to make a commitment," he recalled. "He said: “You’re going to be in charge of this [Russia] investigation. I want you to look me in the eye and tell me that you’ll do it right, that you’ll take it to its conclusion and you’ll report [your results] to the American people.

"I did pledge to do it right and take it to the appropriate conclusion. I did not promise to report all results to the public, because grand jury investigations are ex parte proceedings. It is not our job to render conclusive factual findings. We just decide whether it is appropriate to file criminal charges."

Rosenstein is leaving his post in two months. He had some fun with his speech and answered the question that so many on social media were asking after watching him standing stoically behind Attorney General William Barr during the lead-up to the Mueller report release.

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“Last week, the big topic of discussion was, ‘What were you thinking when you stood behind Bill Barr at that press conference, with a deadpan expression?’ The answer is: I was thinking, “My job is to stand here with a deadpan expression.’"

Fox News' Catherine Herridge and the Associated Press contributed to this report.

Source: Fox News Politics

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Trump threatens to close U.S. border with Mexico next week

U.S. President Donald Trump arrives to speak at a campaign rally in Grand Rapids, Michigan
U.S. President Donald Trump arrives to speak at a campaign rally in Grand Rapids, Michigan, U.S., March 28, 2019. REUTERS/Joshua Roberts

March 29, 2019

WASHINGTON (Reuters) – President Donald Trump threatened on Friday to close the U.S. border with Mexico next week, or at least large sections of the frontier, if Mexico “doesn’t immediately stop all illegal immigration coming into the United States” from the region.

Trump has repeatedly vowed to close the U.S. border with Mexico in the past. The latest threats came in a series of Twitter posts amid reports that a surge of migrants in El Paso, Texas, threatened to overwhelm border protection officials there.

“CONGRESS MUST CHANGE OUR WEAK IMMIGRATION LAWS NOW, & Mexico must stop illegals from entering the U.S. through their country and our Southern Border,” Trump said. “Mexico has for many years made a fortune off of the U.S., far greater than Border Costs. If Mexico doesn’t immediately stop ALL illegal immigration coming into the United States throug our Southern Border, I will be CLOSING the Border, or large sections of the Border, next week.”

(Reporting by David Alexander; Editing by Tim Ahmann)

Source: OANN

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State Attorney Called Jussie Smollett ‘Washed Up Celeb Who Lied to Cops’ – Report

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Source: InfoWars

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US declares Iran force a foreign terrorist organization

The United States on Monday designated Iran's Revolutionary Guard Corps a foreign terrorist organization, an unprecedented declaration against a foreign government that may prompt retaliation and make it harder for American diplomats and military officers to work with allies in the region.

It is the first time that the U.S. has designated an entity of another government as a terrorist organization, placing a group with vast economic resources that answers only to Iran's supreme leader in the same category as al-Qaida and the Islamic State.

"This unprecedented step, led by the Department of State, recognizes the reality that Iran is not only a state sponsor of terrorism, but that the IRGC actively participates in, finances and promotes terrorism as a tool of statecraft," President Donald Trump said in announcing the measure.

Secretary of State Mike Pompeo said the designation is intended to increase pressure on Iran, isolating it further and diverting some of the financial resources it uses to fund terrorism and militant activity in the Middle East and beyond. But, in addition to the potential for Iranian retaliation, it complicates a delicate balance for U.S. personnel in at least two key countries.

No waivers or exceptions to the sanctions were announced, meaning U.S. troops and diplomats could be barred from contact with Iraqi or Lebanese authorities who interact with Guard officials or surrogates.

The Pentagon and U.S. intelligence agencies had also raised concerns about the impact of the designation if the move did not allow contact with other foreign officials who may have met with or communicated with Guard personnel. Those concerns have in part dissuaded previous administrations from taking the step, which has been considered for more than a decade.

Critics of the hardline policy also see it as a prelude to conflict.

"This move closes yet another potential door for peacefully resolving tensions with Iran," said Trita Parsi, the founder of the National Iranian American Council. "Once all doors are closed, and diplomacy is rendered impossible, war will essentially become inevitable."

The designation could also open hundreds of foreign companies and business executives to U.S. travel bans and possible prosecution for sanctions violations.

It blocks any assets that IRGC entities may have in U.S. jurisdictions and bars Americans from any transactions with it. When it takes effect next week, it will allow the U.S. to deny entry to people found to have provided the Guard with "material support" or prosecute them for sanctions violations. That could include European and Asian companies and businesspeople who deal with the Guard's many affiliates.

"It makes crystal clear the risks of conducting business with, or providing support to, the IRGC," Trump said. "If you are doing business with the IRGC, you will be bankrolling terrorism."

Pompeo said the action should serve as a warning to corporate lawyers to ensure any business their companies do in Iran is not with any entity affiliated with the Guard. "If you're the general counsel for a European financial institution today, there is more risk," he said.

The IRGC is a paramilitary organization formed in the wake of Iran's 1979 Islamic Revolution to defend the government. The force answers only to Iran's supreme leader, operates independently of the regular military and has vast economic interests across the country. The U.S. estimates it may control or have a significant influence over up to 50% of the Iranian economy, including non-military sectors like banking and shipping.

The State Department currently designates more than 60 organizations as "foreign terrorist organizations." But none of them is a state-run military.

Iran immediately responded to the designation with its Supreme National Security Council designating the U.S. Central Command, also known as CENTCOM, and all its forces as terrorist, and labeling the U.S. a "supporter of terrorism."

The Council denounced the U.S. decision as "illegal and dangerous" and said the U.S. government would be responsible for all "dangerous repercussions" of its decision. It defended the IRGC, which has fought Islamic State fighters, as being a force against terrorism.

American military commanders were planning to warn U.S. troops remaining in Iraq, Syria and elsewhere in the region of the possibility of retaliation. Aside from Iraq, where some 5,200 American troops are stationed, and Syria, where some U.S. 2,000 troops remain, the U.S. 5th Fleet, which operates in the Persian Gulf from its base in Bahrain, and the Al Udeid Air Base in Qatar, are potentially at risk.

The U.S. special envoy for Iran, Brian Hook, and the State Department's counterterrorism coordinator, Nathan Sales, said the decision was reached after consultation with agencies throughout the government but would not say in a news conference if the military or intelligence concerns had been addressed.

"Doing this will not impede our diplomacy," Hook said, without elaborating.

Reaction from those who favor tougher engagement with Iran was quick and welcoming.

"Thank you, my dear friend, US President Donald Trump," Israeli Prime Minister Benjamin Netanyahu said in a tweet, a day before what could be a close election. "Thank you for answering another of my important requests that serves the interests of our countries and of countries in the region."

Sen. Ted Cruz, R-Texas, called the action an "overdue" but essential step that should be followed by additional sanctions.

Rep. Michael McCaul of Texas, top Republican on the House Foreign Affairs Committee, said the designation "ends the facade that the IRGC is part of a normal military."

Pompeo said the move is part of an effort to put "maximum pressure" on Iran to end its support for terrorist plots and militant activity that destabilizes the Middle East. Speaking to reporters, he rattled off a list of attacks dating to the 1980s for which the U.S. holds Iran and the IRGC responsible, beginning with the attacks on the Marine Corps barracks in Beirut, Lebanon in 1983.

"With this designation, the Trump administration is simply recognizing a basic reality," he said.

___

Nasser Karimi in Tehran, Iran and Aya Batrawy in Dubai, United Arab Emirates contributed to this report.

Source: Fox News National

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Possible intel failures to be examined in Sri Lanka blasts

Police in Sri Lanka said Monday the investigation into the Easter Sunday bombings will examine reports that the intelligence community failed to detect or warn of possible suicide attacks before the violence.

The nine bombings of churches, luxury hotels and other sites was Sri Lanka's deadliest violence since a devastating civil war in the South Asian island nation ended a decade ago. Police spokesman Ruwan Gunasekara said Monday the death toll, which was 207 late Sunday, had risen overnight but the figure wasn't immediately released.

Two government ministers have alluded to intelligence failures. Telecommunications Minister Harin Fernando tweeted, "Some intelligence officers were aware of this incidence. Therefore there was a delay in action. Serious action needs to be taken as to why this warning was ignored." He said his father had heard of the possibility of an attack as well and had warned him not to enter popular churches.

And Mano Ganeshan, the minister for national integration, said the security officers within his ministry had been warned by their division about the possibility two suicide bombers would target politicians.

Police spokesman Ruwan Gunasekara said the Criminal Investigation Department investigating the blasts will look into the reports.

Defense Minister Ruwan Wijewardena previously described the blasts as a terrorist attack by religious extremists, and police said 13 suspects were arrested, though there was no immediate claim of responsibility. Wijewardena said most of the bombings were believed to have been suicide attacks.

The explosions — mostly in or around Colombo, the capital — collapsed ceilings and blew out windows, killing worshippers and hotel guests in one scene after another of smoke, soot, blood, broken glass, screams and wailing alarms. Victims were carried out of blood-spattered pews.

"People were being dragged out," said Bhanuka Harischandra, of Colombo, a 24-year-old founder of a tech marketing company who was going to the Shangri-La Hotel for a meeting when it was bombed. "People didn't know what was going on. It was panic mode."

He added: "There was blood everywhere."

Most of those killed were Sri Lankans. But the three bombed hotels and one of the churches, St. Anthony's Shrine, are frequented by foreign tourists, and Sri Lanka's Foreign Ministry said the bodies of at least 27 foreigners from a variety of countries were recovered.

The U.S. said "several" Americans were among the dead, while Britain, India, China, Japan and Portugal said they, too, lost citizens.

The Sri Lankan government lifted a curfew that had been imposed during the night. But most social media remained blocked Monday after officials said they needed to curtail the spread of false information and ease tension in the country of about 21 million people.

Prime Minister Ranil Wickremesinghe said he feared the massacre could trigger instability in Sri Lanka, and he vowed to "vest all necessary powers with the defense forces" to take action against those responsible.

The Archbishop of Colombo, Cardinal Malcolm Ranjith, called on Sri Lanka's government to "mercilessly" punish those responsible "because only animals can behave like that."

The scale of the bloodshed recalled the worst days of Sri Lanka's 26-year civil war, in which the Tamil Tigers, a rebel group from the ethnic Tamil minority, sought independence from the Buddhist-majority country. The Tamils are Hindu, Muslim and Christian.

Sri Lanka, off the southern tip of India, is about 70 percent Buddhist. Scattered incidents of anti-Christian harassment have occurred in recent years, but nothing on the scale of what happened Sunday.

There is also no history of violent Muslim militants in Sri Lanka. However, tensions have been running high more recently between hard-line Buddhist monks and Muslims.

Two Muslim groups in Sri Lanka condemned the church attacks, as did countries around the world, and Pope Francis expressed condolences at the end of his traditional Easter Sunday blessing in Rome.

"I want to express my loving closeness to the Christian community, targeted while they were gathered in prayer, and all the victims of such cruel violence," Francis said.

Six nearly simultaneous blasts took place in the morning at the shrine and the Cinnamon Grand, Shangri-La and Kingsbury hotels in Colombo, as well as at two churches outside Colombo, according to a Sri Lankan military spokesman, Brig. Sumith Atapattu.

A few hours later, two more blasts occurred just outside Colombo, one of them at a guesthouse, where two people were killed, the other near an overpass, Atapattu said.

Also, three police officers were killed during a search at a suspected safe house on the outskirts of Colombo when its occupants apparently detonated explosives to prevent arrest, authorities said.

The Shangri-La's second-floor restaurant was gutted, with the ceiling and windows blown out. Loose wires hung down and tables were overturned in the blackened space. From outside the police cordon, three bodies could be seen covered in white sheets.

Sri Lankan forces defeated the Tamil Tiger rebels in 2009, ending a civil war that took over 100,000 lives, with both sides accused of grave human rights violations.

Harischandra, who witnessed the attack at the Shangri-La Hotel, said there was "a lot of tension" after the bombings, but added: "We've been through these kinds of situations before."

He said Sri Lankans are "an amazing bunch" and noted that his social media feed was flooded with photos of people standing in long lines to give blood.

___

Associated Press writers Sheila Norman-Culp and Gregory Katz in London; Sarah DiLorenzo in New York; Jon Gambrell in Dubai, United Arab Emirates; Vladimir Isachenkov in Moscow; Nicole Winfield at the Vatican; Adam Schreck in Bangkok; and Emily Schmall in New Delhi contributed to this report.

Source: Fox News World

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Rep. Maloney says Trump’s conduct in Mueller probe ‘appalling’

Rep. Sean Patrick Maloney, D-N.Y., condemned what he called President Trump’s “appalling” conduct in Special Counsel Robert Mueller’s investigation on "The Story with Martha MacCallum.”

“I don't think it has been correct – I don't think it's been good. I think it's been improper, unethical, unpatriotic conduct,” he said about Trump.

“The incidents were often carried out through one-on-one meetings in which the president sought to use his official power outside of usual channels,” Mueller wrote in his report.

Calling Trump’s conduct “appalling,” Maloney added, “I want us to understand what is right and what is wrong, and there's a lot of wrong conduct in this report, the way they attempted to get information, were willing to get information, the way they sought to obstruct investigation even in noncriminal ways, none of that is what I want from the president of the United States.”

TRUMP CAMPAIGN GOES ON POST-MUELLER OFFENSIVE

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The Democrats’ next steps are unclear. Some lawmakers will likely continue to press for impeachment proceedings. House Judiciary Chairman Jerrold Nadler has requested that Mueller testify before his committee within weeks, and plans to subpoena for the full report and underlying evidence.

Maloney said: “The Russians attacked our country in a sweeping and unprecedented way. We have not adequately responded to that. We should not excuse conduct that is wrong. Lying, covering up, getting in the way of investigations when the public has a right to know. Our next move is to do good oversight, ask fair questions, let the public know the truth, and then let the people decide whether this is the conduct we should get in our president or whether we should expect more.”

Fox News' Martha MacCallum and The Associated Press contributed to this report.

Source: Fox News Politics

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Police: Fake Uber driver had pictures of unconscious women

Police say an Alabama man is charged with kidnapping, accused of pretending to be an Uber driver to pick up a university student found unconscious in the back seat of his car.

Tuscaloosa police Capt. Gary Hood said investigators then found multiple images of at least one other college-aged female who appeared unconscious in the vehicle.

Court records show 61-year-old Tommy Beard was released on bond Friday on a first-degree kidnapping charge. Court records don't list an attorney for him.

Hood said Beard picked up the 22-year-old old woman near the University of Alabama campus, driving her about 7 miles (11 kilometers) away. A deputy noticed a car alongside the road and stopped to investigate, which led to his arrest March 2.

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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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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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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