Upcoming shows
Real News

NOW ON AIR
Now On Air

Alex Jones – Info Wars

12:00 pm 4:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Trump releases budget seeking billions for border wall, work requirements for welfare programs

President Trump kicked off a new battle with Congress on Monday by releasing his fiscal 2020 budget plan seeking billions more in funding for a border wall and controversial work requirements for Americans collecting a variety of welfare benefits.

Both proposals are sure to face resistance from Democrats, especially coming off a partial shutdown triggered by a border wall dispute that only ended when Trump declared a national emergency over immigration -- a step being litigated in the courts and challenged in Congress. The requests are part of the president's $4.7 trillion budget plan.

Escalating Trump's pursuit of wall funding, the White House in the new budget requested an additional $8.6 billion to build the wall along the U.S.-Mexico border—seeking $5 billion from Congress, plus $3.6 billion from the military construction budget, for fiscal 2020.

TRUMP TO REQUEST $8.6 BILLION IN WALL FUNDING IN 'TOUGH' BUDGET REQUEST, SETTING UP CONGRESSIONAL SHOWDOWN

Meanwhile, the budget aims to implement new welfare requirements -- namely, that Americans 18-65 years old work at least 20 hours a week in a job, a job training program or a community service program to secure a range of benefits and aid.

According to the administration, the work requirement would apply to federal programs like food stamps, Medicaid, and federal housing, but would come with a hardship exemption. Last year, the administration opened the door for states to impose work requirements for Medicaid recipients. This part of the budget proposal would bring those work requirements to the federal level.

The budget, meanwhile, projects a $1.1 trillion deficit for the fiscal year beginning Oct. 1, but also calls for deep cuts to domestic programs.

“In the last two years, President Trump and his Administration have prioritized reining in reckless Washington spending. The Budget that we have presented to Congress and the American people…embodies fiscal responsibility and takes aim at Washington’s waste, fraud, and abuse,” Office of Management and Budget Acting Director Russ Vought said in a statement.

“Our national debt nearly doubled under the previous Administration and now stands at more than $22 trillion,” he continued. “This Budget shows that we can return to fiscal sanity without halting our economic resurgence while continuing to invest in critical priorities.”

The budget also includes a national paid family leave proposal and seeks money to establish the Space Force, as a new branch of the military, while sharply curbing spending on domestic safety-net programs. The outline includes a total of $2.7 trillion in nondefense spending cuts and the administration says the proposal would put the federal government on track to balance the budget by 2034.

The White House’s request for billions of dollars in additional funding for a wall comes as senior Homeland Security officials told Fox News that the administration is preparing for an estimated 180,000 migrants traveling as families to cross the border—either illegally, or claiming asylum—marking a record in family units crossing.

“We want to strengthen legal immigration and welcome more individuals through a merit-based system that enhances our economic vitality and vibrancy of our diverse nation. We also will continue to uphold our humanitarian ideals,” Homeland Security Secretary Kirstjen Nielsen said last week during a House hearing. “But illegal immigration is simply spiraling out of control and threatening public safety and national security.”

NIELSEN DECLARES MIGRATION CRISIS 'SPIRALING OUT OF CONTROL,' WARNS IT WILL GET 'EVEN WORSE'

The $8.6 billion would allow the administration to complete more than the promised 722 miles of wall along the border, according to White House officials. The funding comes on top of the billions Trump is working to shift from military accounts after declaring a national emergency last month. The emergency declaration came after Congress blocked Trump’s original request for $5.7 billion for construction of the wall. That denial sparked the longest partial shutdown of the federal government in U.S. history.

Democrats, though, continue to argue that an emergency at the border is “non-existent,” and promised to block the proposal to build the wall again.

“President Trump hurt millions of Americans and caused widespread chaos when he recklessly shut down the government to try to get his expensive and ineffective wall, which he promised would be paid for by Mexico,” Senate Minority Leader Chuck Schumer, D-N.Y., and House Speaker Nancy Pelosi, D-Calif., said in a statement.

“Congress refused to fund his wall and he was forced to admit defeat and reopen the government. The same thing will repeat itself if he tries this again. We hope he learned his lesson,” they said, adding that the funding would be better put to use toward domestic programs like “education and workforce development.”

The administration is expecting pushback on this “tough” budget, according to White House economic adviser Larry Kudlow.

“I would just say that the whole issue of the wall, of border security, is of paramount importance,” Kudlow said on “Fox News Sunday. “We have a crisis down there. I think the president has made that case very effectively.”

Trump also proposed an additional $750 billion for defense, while cutting non-defense discretionary spending by 5 percent below the cap. The budget will also increase requests for some agencies, while reducing others to reflect those priorities. For example, the 2020 budget seeks to reduce funding for the Environmental Protection Agency.

Budgets are mainly seen as blueprints for the White House’s priorities and agenda, but are often debated and negotiated on Capitol Hill, where lawmakers craft the appropriation bills that eventually fund the government.

And while the budget will suggest it balances in future years, it is also expected to rely on projections for continued economic growth from the tax cuts Trump signed into law in 2017. But there's no guarantee that would cover the lost tax revenues.

CLICK HERE TO GET THE FOX NEWS APP

By proposing spending levels that don't raise the budget caps, the president is courting a debate with Congress. Lawmakers from both parties have routinely agreed to raise spending caps established by a previous deal years ago to fund the government.

Fox News’ Griff Jenkins, John Roberts, Chris Wallace and The Associated Press contributed to this report.  

Source: Fox News Politics

0 0

DOD Wants $304M for Space-Based Weaponry Research

The Department of Defense wants $304 million to fund research on space-based weaponry, including laser beams and neutral particle beams, following reports China and Russia are developing capabilities to threaten the U.S.'s preeminent position, Defense One reports.

The neutral particle beams would be used to disrupt missiles with streams of subatomic particles traveling close to light speed. Lasers, whose photons travel at light speed, would be utilized in the same capacity.

Officials, though, say the explorative studies do not mean much just yet.

"I can't say that it is going to be at a space and weight requirement that's going to actually be feasible, but we're pushing forward with the prototyping and demo," an official told Defense One.

The exploration "means we need to understand as a department, the costs and what it would take to go do that. There's a lot of folklore . . . that says it's either crazy expensive or that it's free. It needs to be a definitive study."

A Pentagon report published in February said China and Russia were developing lasers that could target and destroy U.S. satellites.

"China and Russia, in particular, are developing a variety of means to exploit perceived U.S. reliance on space-based systems and challenge the U.S. position in space," the Defense Intelligence Agency report said.

Source: NewsMax Politics

0 0

Pinterest files for IPO

FILE PHOTO: A Pinterest banner hangs on the facade of the NYSE in New York
FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2017. REUTERS/Brendan McDermid

March 22, 2019

(Reuters) – Pinterest Inc, the owner of the image search website known for the food and fashion photos that its users post, filed for an initial public offering with U.S. regulators on Friday, looking to tap into a red-hot market for new issues.

The company, which plans to list under the symbol “PINS” on the New York Stock Exchange, set a placeholder amount of $100 million to indicate the size of the IPO. The final size could be different.

The filing comes a day after jeans maker Levi Strauss & Co’s blockbuster debut, and ahead of ride-hailing service providers Lyft Inc and Uber’s much-awaited listings.

(Reporting by Diptendu Lahiri in Bengaluru; Editing by Sriraj Kalluvila)

Source: OANN

0 0

Spain vows to boost cybersecurity, fight disinformation

Spain's prime minister says whoever wins the upcoming general election in the country should launch a national cybersecurity plan to combat attempts to undermine democracy and citizens' trust in the political system.

The country's April 28 general election is seen as a testing ground for new measures that the European Union is adopting to shield elections to the European Parliament a month later.

"We need to protect Europe in order for Europe to be able to protect its citizens," Pedro Sánchez said Tuesday during a visit to the national institute for cybersecurity, or INCIBE, in the northern province of León.

Last month, Spain established a special high-level unit to coordinate the fight against cyberattacks and misinformation, which Sánchez says equates to attacks on "the quality of democracy."

Source: Fox News World

0 0

Ocasio-Cortez unknown or unliked by most voters, poll shows: 'Not A-OK for AOC'

Most voters either do not like -- or simply do not know -- freshman Rep. Alexandria Ocasio-Cortez, D-N.Y.

That’s according to a new Quinnipiac University poll that quizzed both Democrats and Republicans on the 29-year-old New Yorker who, at least on Capitol Hill and in the media, is a political sensation.

"All is definitely not A-OK for AOC. Most voters either don't like the firebrand freshman Congresswoman or don't know who she is," Tim Malloy, assistant director of the Quinnipiac University Poll, said in a statement.

The polling unit reported that Ocasio-Cortez received a "negative 23 - 36 percent favorability rating, with 38 percent who haven't heard enough about her to form an opinion."

OCASIO-CORTEZ'S 'UNFAVORABLE' RATING SKYROCKETS, WITH MOST PEOPLE VIEWING HER NEGATIVELY: POLL

Most voters either don't like the firebrand freshman Congresswoman or don't know who she is

— Tim Malloy, assistant director of the Quinnipiac University Poll

The same poll showed 33 percent think she's been good for the Democratic Party, while 36 percent say the opposite.

A total of 1,358 voters from across the country were surveyed for the latest Quinnipiac Poll between March 21 and 25. According to Quinnipiac, 559 “Democrats and Democratic leaners” and 582 “Republicans and Republican leaners” took part.

The same poll pegged former Vice President Joe Biden as the Democratic front-runner for 2020, with 29 percent of “Democrats and Democratic leaners” saying they would give him their vote in the primary -- if he were to join the race.

Sen. Bernie Sanders came in second, followed by Beto O’Rourke and Sen. Kamala Harris.

CHARLES PAYNE CALLS OCASIO-CORTEZ'S DEFENSE OF GREEN NEW DEAL 'DISINGENUOUS'

The Quinnipiac results came on the heels of another negative poll for Rep. Ocasio-Cortez.

The rockstar freshman saw her unfavorable rating spike in a Gallup poll released early this month, with most of the public viewing her negatively rather than favorably.

The poll showed that Ocasio-Cortez's unfavorable rating has risen by 15 points since last September, when she had yet to win the general election, increasing from 26 percent to 41 percent of the American adults polled.

She has also managed to increase her favorability rating, but only by 7 points. About 31 percent of surveyed people view her favorably, compared to 24 percent in September.

CLICK HERE TO GET THE FOX NEWS APP

Still, the poll showed Ocasio-Cortez has become more widely recognized across the country. More surveyed people know the New York Democrat than knew Sens. Elizabeth Warren, Marco Rubio or Ted Cruz as freshmen.

Source: Fox News Politics

0 0

Canadian conservative stars cast shadow over Trudeau rival’s hopes

FILE PHOTO: Supporters react to polling results at the UCP election night headquarters in Calgary
FILE PHOTO: Supporters react to polling results at the United Conservative Party (UCP) provincial election night headquarters in Calgary, Alberta, Canada April 16, 2019. REUTERS/Chris Wattie/File Photo

April 22, 2019

By David Ljunggren

OTTAWA (Reuters) – Right-leaning Canadian politicians have won important elections over the last year, but it may do Liberal Prime Minister Justin Trudeau more good in October’s national vote than his little-known Conservative Party challenger.

Andrew Scheer, 39, has struggled to become a household name since taking over as leader of the federal Conservatives in 2017, a problem not shared by the telegenic Trudeau, whose father led the country for more than 15 years.

Last week, Alberta’s United Conservative Party leader Jason Kenney, a former federal minister, won a landslide victory in the energy-rich province.

Kenney’s election follows that of Ontario populist firebrand Doug Ford, who ended 15 years of Liberal rule in the country’s most populous province in 2018.

While those victories signal that conservative momentum is building, the experienced and better-known Kenney and Ford could steal Scheer’s thunder as he tries to make himself more widely known ahead of the Oct. 21 election.

“Andrew Scheer is not the conservative leader. Andrew Scheer may be leader of the federal Conservative Party of Canada, (but) the conservative leaders are Jason Kenney and Doug Ford,” said Duane Bratt, a political science professor at Mount Royal University in Calgary.

Though Scheer has experience in Ottawa, his role as speaker of the House of Commons from 2011 to 2015 was a back-room job which required him to be impartial and did not allow him to build up a public image. Kenney, on the other hand, was a high-profile Cabinet minister from 2008 to 2015.

Ford is the Canadian politician most-often compared to U.S. President Donald Trump, and he has not shied away from pushing controversial policies – like cutting spending on healthcare and education – that likely would not help Scheer in a national fight.

Damaged by a scandal over allegations of interference in a corporate corruption case, Trudeau, 47, is trailing Scheer in the polls and risks becoming the first prime minister since the 1930s to lose power after a single majority mandate.

Liberal insiders say Trudeau might prefer to turn the campaign into a fight against Ford and Kenney, which would shift attention away from Scheer while linking the Conservatives to right-wing policies associated with Trump, who is deeply unpopular in Canada.

“Conservative politicians like Doug Ford don’t seem to believe in investing for the future … sadly, Andrew Scheer takes his cues from the Ontario premier on a whole host of fronts,” Trudeau said at a Liberal rally last Friday.

“Trudeau can run against Trumpism with (Kenney and Ford) as the embodiment of Trumpism in Canada, and he can be the champion of Canadian values,” said Peter Donolo, who was a spokesman for former Liberal Prime Minister Jean Chretien.

One well-placed Conservative said another challenge was that Scheer’s affable personality and ability to connect with people in a room did not always translate onto the big screen. Instead, he can sometimes come across as flustered.

Scheer’s chief spokesman Brock Harrison dismissed such concerns, saying he was happy with efforts to cut the recognition gap with Trudeau.

“The leader of the opposition is never going to be a household name until they become the prime minister of Canada,” Harrison said in a phone interview.

“We feel like we’ve done everything we need to do, or that we should be doing, to increase his profile.”

While Kenney and Ford would not formally be involved in campaign planning, they were likely to make appearances as part of a Conservative push against Trudeau’s plan to fight climate change by imposing a carbon tax, Harrison added.

Jonathan Malloy, a political science professor at Carleton University in Ottawa, said that while Kenney’s election last week showed conservative support was getting stronger, Scheer still does not grab the public imagination.

“There isn’t a huge groundswell of personal following for him,” Malloy said.

(Additional reporting by Steve Scherer in Ottawa; Editing by Steve Scherer and Paul Simao)

Source: OANN

0 0

False Flag? Why The World Has Questions About Christchurch

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

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

Survival Shield X-2 – Nascent Iodine

39.95

17.95

Leading the way into the next generation of super high -quality nascent iodine, Infowars Life Survival Shield X-2 is back and available for you to purchase!

https://www.infowars.com/wp-content/uploads/2016/02/x2-200.jpg

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

Survival Shield X-2 – Nascent Iodine

39.95

17.95

Leading the way into the next generation of super high -quality nascent iodine, Infowars Life Survival Shield X-2 is back and available for you to purchase!

https://www.infowars.com/wp-content/uploads/2016/02/x2-200.jpg

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

Source: InfoWars

NOW ON AIR
Now On Air

Alex Jones – Info Wars

12:00 pm 4:00 pm



FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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

Former Arkansas Governor Mike Huckabee said Friday that Deputy Attorney General Rod Rosenstein’s rare public criticism of the Obama administration was a “soft” way of accusing the previous administration of covering up Russia’s attempts at hacking the 2016 presidential election.

While speaking Thursday in New York at the Public Servants Dinner of the Armenian Bar Association, Rosenstein said that the Obama administration “chose not to publicize the full story about Russian computer hackers and social media trolls and how they relate to Russia’s broader strategy to undermine America.”

During an appearance on “America’s Newsroom” Friday morning, Huckabee called the comments an “unusually candid moment for Rosenstein.”

“I thought it was a soft way of him saying there was a cover-up,” Huckabee said. “They knew the Russians were attempting to influence the election and attempting to hack the election but they didn’t fully disclose that to the American people and certainly didn’t disclose it to the Trump campaign.

SWALWELL NOT CERTAIN TRUMP ISN’T A ‘RUSSIAN ASSET’

“Instead they tried to set a trap for them. It failed. The Trump team did not take the bait. And that’s the one conclusion that we can certainly come away with from the $35 million worth of investigation,” Huckabee continued.

Next week, Attorney General William Barr will testify before Congress and is expected to answer questions about Special Counsel Robert Mueller’s investigation of President Trump, which found that there was not adequate evidence to conclude that President Trump and his administration colluded with Russia, though the president could not be exonerated in terms of the possibility that he obstructed justice.

Barr will testify to the Senate Judiciary Committee next Wednesday and to the House Judiciary Committee the following day.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG 

“It is going to be a theater, an absolute show,” Huckabee said of the hearings. “Just like the Kavanaugh hearings were and like everything else is in Congress. We ought to close the curtain on them and can’t come back until after the election. They aren’t doing their job anyway. We aren’t paying them because they’re doing a wonderful service to the country and spare us the hypocrisy of thinking they’re interested in getting to the bottom of the facts,” he continued.

CLICK HERE TO GET THE FOX NEWS APP

Ultimately, Huckabee argued, if Americans “took their partisan hats off,” they would see that President Trump was exonerated by the investigation.

Source: Fox News Politics

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Sri Lanka's former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake
Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte

April 26, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.

Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.

More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.

Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.

“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.

Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.

He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.

“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.

On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.

Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.

Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.

‘DISMANTLE THE NETWORKS’

He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.

“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.

Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.

“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.

President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.

Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.

Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.

(Reporting by Sanjeev Miglani; Editing by Frances Kerry)

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