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Trump is right to push back against Dems’ investigations, Wall Street Journal columnist says

Wall Street Journal columnist Jason Riley defended President Trump on Wednesday for pushing back against investigations by Democrats into the much debated and discussed Russia investigation.

"I think the president has it right here, Bret. This isn't about more transparency or the search for the truth. This is about keeping this political narrative alive for the 2020 campaign," Riley said on Fox News' "Special Report with Bret Baier."

TRUMP: ‘NO REASON’ TO HONOR DEMS’ ‘VERY PARTISAN’ SUBPOENAS, AS MCGAHN TESTIMONY FIGHT LOOMS

"More redactions or testimony from [former White House counsel] Don McGahn won't change anyone's mind," Riley continued. "If you believe that the Trump administration was conspiring with Russia to steal the election, an unredacted Mueller report won't change your mind. If you believe Trump wanting to fire Mueller is evidence of an obstruction of justice, Don McGahn's testimony is not going to change your mind. This is political theater."

Trump on Wednesday vowed to fight House Democrats issuing subpoenas for administration officials and called their bid to bring in McGahn for testimony “ridiculous.”

“We’re fighting all of the subpoenas,” Trump said. “Look, these aren’t like, impartial people. They are Democrats trying to win in 2020. …They’re not going to win against me.”

Riley believes the focus should now shift away from Trump and move to Russia and the FBI.

"That our system is vulnerable to these attacks, particularly through social media, and that they should do something about it before the next election. That should be the priority here," Riley said.

TRUMP VOWS HE’D TAKE IMPEACHMENT FIGHT TO SUPREME COURT

"We've had two years of investigation by a special counsel. This isn't some Republican-controlled Congress whitewashing things. This is a special counsel who came to these conclusions. If anything, I think what we need going forward is not more investigation of what has been investigated for the past two years. What we should really be looking at, I think, is the FBI's decision to start surveilling people and the Trump campaign and so forth."

Riley added, "And the Democrats have a vested interest in going down this route because a Republican will always be in the Oval Office."

Source: Fox News Politics

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Take Five: Take it easy, central banks – World markets themes for the week ahead

Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis

March 22, 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/ TAKE IT EASY

With the U.S. Federal Reserve well and truly doubling down on its dovish guidance this month, the global rate hiking cycle is at an end. There are exceptions of course but the big central banks of the developed world — the Fed, the European Central Bank and Bank of Japan — have all reacted decisively to the steady drumbeat of depressing economic data by pushing any policy tightening plans to the backburner.

But instead of deriving any comfort from the pivot, some in the market are interpreting the moves as desperate measures to ward off impending recession. That fear is certainly evident on bond markets where the gap between three-month and 10-year U.S. treasury yields — one of the gauges the Fed uses to assess inflation risks — has inverted. European yield curves too have flattened and German 10-year government borrowing costs have slid back below zero percent for the first time since 2016.

There are outliers. Norway has hiked rates while Hungary and Czech rates may also rise this coming week. One could argue Norway’s economy has been lifted by oil this year, while emerging European economies have been recovering nicely. But the question is: with the world’s biggest economy starting to hurt, Fed rate cuts bring priced for 2020 and G4 bond yields plunging, can any market avoid being sucked in? On Wednesday, New Zealand’s central bank could become the latest to flag downside risks to growth and interest rates.

(Graphic: U.S. federal funds activity png link: https://tmsnrt.rs/2EcJkRq).

2/ DEADLINES, RED LINES

March 29 is when Britain was supposed to leave the European Union, 2-1/2-years after a slender majority voted to leave the bloc. EU leaders have now granted Prime Minister Theresa May a two-week reprieve, during which she must persuade lawmakers to accept the divorce deal she has negotiated. Not easy, given they have resoundingly defeated it twice already. She is expected to make another attempt and if the deal still fails, several possibilities open up, from a no-deal Brexit to Brextension and even exit from Brexit.

The question is whether May will be flexible on any of the “red lines” she outlined in 2016, ruling out a customs union with the EU, UK’s membership of the single market and any role for the European court of justice. Seen by many as an extreme interpretation of the referendum, it has stymied efforts to find a solution to the Northern Ireland border issue.

With all this in play, many warn that markets are still assigning too low a probability to a no-deal Brexit — banks such as Goldman Sachs and Deutsche reckon that risk at just 15-20 percent. But though this is rising, most analysts warn.

Sterling has tumbled this month after strengthening for two months straight and jitters are bubbling up on derivative markets. Here one-month pound risk reversals show an elevated premium for sterling puts — options that confer the right to sell at a certain price. Implied sterling volatility — a gauge of expected daily swings — has slipped off highs but remain above some typically volatile emerging currencies such as Brazil’s real or the Turkish lira.

(Graphic: No-deal Brexit probabilities IMG link: https://tmsnrt.rs/2VlgLGT).

3/ GLASS QUARTER FULL

Back in January, the U.S. Federal Reserve fired up investors’ appetite for risk by pledging to be patient with future rate rises. In March it sealed that promise by doubling down on its dovish stance and scaling back projected 2019 interest-rate increases to zero. The result: a 10 percent-plus bounce on global stocks in the January-March period. The S&P500 is headed for its best first quarter of any year since 1991. Other big Q1 winners with dollar-based gains close to 30 percent are Chinese shares and Brent crude.

What happens next? To some, the rally in what are inherently risky, growth-reliant assets makes little sense when the world economy is in slowdown mode and should therefore evaporate. But others counter the second quarter will bring more gains. They note that despite double-digit gains, investors have mostly been betting against stocks for most of 2019. Investment research firm TrimTabs says equity funds have seen outflows of $18.7 billion this year through Wednesday. They have instead channeled $73.1. billion into bond funds.

(Graphic: S&P 500 vs U.S.10-Year Treasury Yield link: https://tmsnrt.rs/2UNzRFP).

(Graphic: Q1 performance link: https://tmsnrt.rs/2UQo3CG).

4/EURO GLOOM TO BOOM — OR DOOM

Despite a strong rally across markets this year, European equities remain one of the most disliked regions in the world. Bank of America Merrill Lynch’s monthly fund manager survey confirmed that view, with investors naming “short” European equities as the most crowded trade for the first time.

For contrarians, that’s a gift – a sign bearish positioning on Europe has got too extreme and stocks should rise from here.

Indeed, there are some positive signals from recent macroeconomic data, from retail sales to wages. That has sparked a quiet rise on Citi’s index of euro zone macro surprises which now, interestingly, sits above the equivalent U.S. index. There are also predictions that as China’s economy starts benefiting from the stimulus its authorities have unveiled, Europe too will feel the effect.

But after every glimmer of hope, comes a dampener. February PMI data from Germany and the euro zone sent markets reeling.. Next up are the Ifo business climate survey and consumer confidence figures. Those should tell us whether it is too early to call a bottom.

(Graphic: macro surprises March 22 link: https://tmsnrt.rs/2HAy8B0).

5/YUAN: STRONG AND STABLE

Chinese markets aren’t abandoning hopes that authorities may soon relax trading rules for the yuan. Beijing and Washington are locked in heated discussions on a deal to end their trade war and President Donald Trump hopes to extract a commitment to yuan stability. The Chinese have other compulsions. The yuan fell more than 5 percent in 2018 but this year it is rising too rapidly for comfort. As China makes its way into global benchmark stock and bond indices, foreigners are rushing into its markets. In January and February, inflows under the Stock Connect scheme were almost quadruple the amount last year.

Rumors are swirling that China’s currency regulator SAFE will rescind requirements for banks to maintain reserves on dollar purchase contracts and also remove the secretive X-factor used to guide the currency’s trading range. Theoretically, those steps would count as efforts to free the yuan – they were imposed last year to curtail speculators betting against the yuan. Detractors might say China is creating conditions for yuan depreciation. The coming week should offer some visibility as a U.S. trade delegation, headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, shows up in China for the next round of tariff negotiations.

(Graphic: China’s yuan rises as foreign investment picks up link: https://tmsnrt.rs/2HBZbLX).new york stock

(Reporting by Karin Strohecker, Saikat Chatterjee and Helen Reid in London; Jennifer Ablan in New York and Vidya Ranganathan in Singapore; Compiled by Sujata Rao; Editing by Alison Williams)

Source: OANN

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Shares in Australia’s Crown tumble after Wynn walks from takeover talks

FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne
FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed

April 10, 2019

SYDNEY (Reuters) – Shares in Australian casino operator Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd abruptly ended takeover talks overnight.

Wynn, the world’s second-largest casino operator, had proposed a buyout valuing Crown at A$10 billion ($7.1 billion), Crown disclosed on Tuesday, but it walked away from the deal after details of the offer became public.

Crown shares fell 10 percent to A$12.50 at the open of trade while the broader market opened 0.1 percent lower.

(Reporting by Tom Westbrook and Paulina Duran; Editing by Michael Perry)

Source: OANN

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Verizon to start 5G mobile service in two U.S. cities from April

A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona
FILE PHOTO: A man stands next to the logo of Verizon at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez

March 13, 2019

(Reuters) – Verizon Communications Inc said on Wednesday its customers in Chicago and Minneapolis would be able to use its fifth generation wireless network from April 11 by paying $10 per month with any of its unlimited mobile plans.

5G, the next-generation wireless network, is expected to offer data speeds up to 50 or 100 times faster than 4G networks.

Verizon said its customers will need a Motorola Z3 mobile and a device called 5G moto mod to connect to the 5G network.

The largest U.S. wireless carrier by subscribers will offer the device for $50 initially and its customers would not have to pay for 5G use for the first three months.

Verizon launched its first commercial 5G service in October when its 5G Home offering went live in Houston, Indianapolis, Los Angeles and Sacramento.

While Verizon is leading the charge to test its 5G services, industry analysts say the higher-speed networks are unlikely to be widely available until the middle of the next decade.

Rivals AT&T Corp and Sprint Corp are also building their own 5G networks and plan to release 5G smartphones with Samsung Electronics later this year.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Shailesh Kuber)

Source: OANN

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Rangers P Hammel announces retirement

MLB: Spring Training-Texas Rangers at San Francisco Giants
Mar 10, 2019; Scottsdale, AZ, USA; Texas Rangers starting pitcher Jason Hammel (white shirt) walks to the dugout before the game against the San Francisco Giants at Scottsdale Stadium. Mandatory Credit: Orlando Ramirez-USA TODAY Sports

March 23, 2019

Texas Rangers pitcher Jason Hammel has announced his retirement after 13 big-league seasons.

Hammel, 36, decided to walk away despite learning one day earlier that he had made the Rangers’ 25-man roster. Right-hander Jeanmar Gomez will replace him on the active roster, according to The Athletic.

“He just felt like spending time with his family was more important,” Rangers general manager Jon Daniels said in comments published by the Dallas Morning News. “There are no hard feelings.”

Hammel posted a 96-114 record with a 4.62 ERA in 377 games (298 starts). He played for a half-dozen teams — the Tampa Bay Rays, Colorado Rockies, Baltimore Orioles, Chicago Cubs, Oakland Athletics and Kansas City Royals — before signing with the Rangers on a minor-league deal this spring.

In 2016, Hammel won a career-high 15 games for the Cubs, who went on to win the World Series.

The 31-year-old Gomez provides the Rangers with additional help out of the bullpen. He has gone 27-30 with a 4.40 ERA in 299 games (46 starts) over nine seasons. He has 40 career saves, 37 of which he recorded in 2016 with the Philadelphia Phillies.

–Field Level Media

Source: OANN

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Biden Senior Adviser: “We Don’t Need White People Leading the Democratic Party”

Former CNN contributor Symone Sanders, said “we don’t need white people leading the Democratic Party right now,” after Trump’s election in 2016.

“The Democratic Party is diverse, and it should be reflected as so in our leadership and throughout the staff at the highest levels from the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” Sanders once told CNN’s Briana Keilar.

Now, Sanders is joining the very white Joe Biden as senior adviser to his 2020 presidential campaign.

Not living by the same identity politics she pushes, Symone also previously worked as press secretary for Sen. Bernie Sanders’ 2016 presidential campaign before taking a job at CNN.

The former CNN contributor’s move to the Biden campaign comes just hours after the former Vice President’s official 2020 launch.

To accompany the campaign launch, the Biden 2020 team released a video promoting the proven lie that Donald Trump said Neo-Nazis in Charlottesville were “very fine people.”

According to the same Fake News polls MSM pushed leading up to the 2016 election, Biden has an 8-point lead over Trump on day one of his campaign launch.

Infowars’ Paul Joseph Watson reported in 2016:

Emails revealed by Wikileaks show how Democratic operatives planned to encourage “oversamples for polling” in order to “maximize what we get out of our media polling.” In other words, sample more Democrats than Republicans in order to make people believe that Hillary’s lead is far greater than the reality of a tight race.

Given Sanders’ previous comments regarding white people leading the Democrat party, could she sabotage his campaign to allow a person of color or woman to get the Democratic nomination?

Source: InfoWars

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Bronze Star recipient killed helping stranded motorist change tire in Virginia

An Army colonel and Bronze Star recipient who served two tours in Iraq and one in Afghanistan died for injuries sustained while helping a stranded motorist in Virginia last week, a report said.

Col. Gregory S. Townsend, 46, who joined the Army in 1996, was changing another driver’s tire on a freeway south of Richmond Thursday when the vehicle fell on him, the Richmond Times-Dispatch reported. He was airlifted to the hospital where he died on Monday, the Army said.

IDAHO SOLDIER ASSIGNED TO COLORADO ARMY POST DIES IN IRAQ

Townsend had deployed to Afghanistan in 2003 and 2009 and to Afghanistan in 2009. He was assigned most recently as a commander at the U.S. Army Quartermaster School at Fort Lee, according to the report.

“The loss of Col. Greg Townsend is devastating for his family and the Army. He was a dedicated leader and the most genuine man you could meet,” Brig. Gen. Douglas M. McBride Jr., of the Quartermaster School, said.

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Along with the Bronze Star, Townsend had also received the Defense Superior Service Medal, the Meritorious Service Medal, Joint Staff Commendation Medal and an Army Commendation Medal, the paper reported.

Source: Fox News National

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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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