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George Papadopoulos ‘shocked’ Mueller report told truth that he was ‘illicitly targeted’ over Israel ties

Former Trump campaign foreign policy adviser George Papadopoulos told “Fox and Friends” Friday morning that he was “shocked” Robert Mueller accurately described why he was “illicitly targeted” and reiterated the report’s findings that there was no collusion.

“I was actually really impressed and quite frankly shocked that Bob Mueller told the truth about why I was illicitly targeted and it really had nothing to do with Russia. It had to do with my ties to Israel,” Papadopoulos said.

“I was actually really impressed and quite frankly shocked that Bob Mueller told the truth about why I was illicitly targeted and it really had nothing to do with Russia. It had to do with my ties to Israel.”

— George Papadopoulos

TRUMP'S WRITTEN -- AT TIMES SNARKY -- ANSWERS TO MUELLER'S QUESTIONS REVEALED

“Now, this is why this is really important. Because if I was targeted for my ties to Israel, and I had all these various spies approaching me while I was just joining the campaign and they were discussing Israel with me,” he continued. “

“I think that's very disturbing and probably is going to reveal quite frankly how this entire investigation started.”

Papadopoulos went on to respond to mainstream media outlets and media figures such as CNN’s Jim Acosta who pointed to his case, for which he was sentenced to 12 days in prison for making false statements to federal prosecutors, as the evidence that the Trump campaign colluded with Russia.

“There was no collusion and of course I wasn't colluding because I have never met a Russian official in my entire life. Let alone on the campaign or the transition team,” Papadopoulos said.

“There was no collusion and of course I wasn't colluding because I have never met a Russian official in my entire life. Let alone on the campaign or the transition team.”

— George Papadopoulos

“Quite comically the guy at the epicenter of this fake collusion story Joseph Mifsud was outed yesterday by the Italians living next to the U.S. Embassy for the last year,” he added, referring to Maltese Professor Joseph Mifsud who Papadopoulos claimed told him in an April 2016 meeting that the Russians had “dirt” that could damage Hillary Clinton’s 2016 campaign.

SPECULATION RAGES OVER PAPADOPOULOS TIPSTER'S ROLE: WHO WAS MALTESE PROF WORKING FOR?

It has long been suggested – in court documents filed by Special Counsel Robert Mueller’s team, by Democrats on Capitol Hill and in the media – that Mifsud was connected to Russian intelligence, though others insist that he more closely associated with Western governments and their intelligence agencies, a view shared by Papadopoulos.

“Quite frankly, I don't think anybody is buying that this guy was some Russian intermediary or Russian spy trying to collude with me. Quite frankly, even people like Rudy Giuliani are going public and stating that he was probably part of some sort of setup,” he said.

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“That's why my case is so fascinating and important moving forward, like I stated because there was targeting of me for my ties to Israel which attracted all of these spies and two who was running these guys and where did it come from?

“Was it the Obama administration? Was it the head of the U.K. Government? We’ll have to find out.”

Source: Fox News Politics

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James McCord, Watergate Co-Conspirator, Died Two Years Ago

The death two years ago of James W. McCord, one of President Richard Nixon's men arrested at the Watergate complex in 1972, was kept entirely out of the press, according to the website Kennedys and King.

McCord died June 15, 2017, but his family wanted to keep it quiet. Filmmaker Shane O'Sullivan first published news of McCord's death in his book, "Dirty Tricks: Nixon, Watergate, and the CIA," a history of the Watergate investigation released in November 2018.

The Washington Post said McCord died of pancreatic cancer in Douglassville, Pennsylvania. He was 93.

McCord served in the CIA for 19 years before being privately employed as head of security for the Committee to Reelect the President (CREEP).  

McCord, along with four other burglars, were arrested June 17, 1972 during a break-in at the Democratic National Committee headquarters in the Watergate office complex in Washington, D.C. They were caught wiretapping phones and stealing documents.

Nixon took steps to cover up the crime but was re-elected later that year in a landslide victory. His role was revealed two years later, leading to his resignation, the first of a U.S. president.

McCord was convicted of conspiracy, burglary, and bugging the Democratic Party's Watergate headquarters.

After 16 days of trial spanning 60 witnesses and more than 100 pieces of evidence, the jury found them guilty of all charges against them in just under 90 minutes.

Source: NewsMax America

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Riding momentum, ‘Mayor Pete’ to make 2020 presidential bid official

FILE PHOTO: Democratic 2020 U.S. presidential candidate Buttigieg arrives for a campaign stop in Portsmouth
FILE PHOTO: Democratic 2020 U.S. presidential candidate and South Bend Mayor Pete Buttigieg arrives for a campaign stop at Portsmouth Gas Light in Portsmouth, New Hampshire, U.S., March 8, 2019. REUTERS/Brian Snyder

April 14, 2019

By James Oliphant

(Reuters) – Pete Buttigieg, the mayor of South Bend, Indiana, who has enjoyed a surge in opinion polls and a torrent of media coverage, will formally launch a bid on Sunday for the 2020 Democratic presidential nomination.

The announcement in South Bend comes as little surprise. No potential contender in the burgeoning Democratic field has seen as rapid a rise in the early stages of the campaign as Buttigieg, who went from obscure Midwestern politician to top-tier contender in a matter of weeks.

At 37, Buttigieg will be the youngest entrant in a field that features 77-year-old U.S. Senator Bernie Sanders of Vermont and, likely soon, 76-year-old former Vice President Joe Biden – a contrast Buttigieg has emphasized in campaign events.

The man known as “Mayor Pete” has styled himself as the voice of the millennial generation, often talking about what the United States might look like decades from now. He is the first openly gay major presidential candidate, which has given him inroads into a Democratic base that increasingly values diversity and progressivism.

As mayor of South Bend since 2012, he has presided over an economic turnaround that has brought new investment into the struggling northwestern Indiana industrial town, an achievement likely to be a central plank of his presidential campaign.

Polls of voters in Iowa and New Hampshire released last week showed Buttigieg in third place in both early-voting states, although still well behind Biden and Sanders. Buttigieg raised $7 million in the first quarter of the year, surpassing more established rivals such as U.S. Senator Elizabeth Warren of Massachusetts.

More than a dozen Democrats have announced a run for the chance to take on President Donald Trump, a Republican, in the November 2020 general election. Democratic voters will begin the process of selecting a nominee in a series of contests beginning early next year.

A former Rhodes Scholar, consultant for the firm McKinsey and Co and U.S. Navy reservist who served in Afghanistan, Buttigieg has the kind of background that could appeal to both moderates and progressives in the party.

But questions will persist about whether the mayor of an Indiana city of 100,000 residents is ready to run a nation of 330 million.

Buttigieg talks about his faith more frequently than many Democrats on the campaign trail. That recently brought him into direct conflict with Vice President Mike Pence, a former governor of Indiana.

At a lesbian, gay and transgender rights group event in Washington last week, Buttigieg made headlines when he argued that being gay was not a choice.

“That’s the thing I wish the Mike Pences of the world would understand: that if you’ve got a problem with who I am, your problem is not with me. Your quarrel, sir, is with my creator.”

Pence answered the criticism in an interview with CNN, saying “I hope Pete will offer more to the American people than attacks on my Christian faith or attacks on the president as he seeks the highest office in the land.”

(Reporting by James Oliphant; Editing by Colleen Jenkins and Jonathan Oatis)

Source: OANN

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Bernie Sanders campaign volunteers to host 3,900 kickoff parties on April 27

Volunteers for Sen. Bernie Sanders’ campaign have reportedly agreed to host approximately 3,900 parties across the country on April 27 to kick off his campaign’s organizing program.

The Vermont Democrat’s campaign manager told Politico the parties will be held in all 50 U.S. states, Puerto Rico as well as 19 other countries.

“People power is the unique and comparative advantage of the Bernie Sanders campaign,” Sanders’ campaign manager Faiz Shakir told the publication.

Sanders will join Fox News Channel for a Town Hall co-anchored by Bret Baier and Martha MacCallum on Monday, April 15, at 6:30 p.m. ET in Bethlehem, Pennsylvania.

5 THINGS TO KNOW ABOUT BERNIE SANDERS

“We are seeing an extraordinary mass participation from a dedicated volunteer base, whose individual skills, life experiences and relationships to their communities allows us to connect with voters in a way that hasn’t been done before,” Shakir added.

The 77-year-old presidential hopeful tweeted a call for hosting the Organizing Kickoff parties last week and reportedly had 1,200 people signed up to host parties in the first 24 hours, according to Politico.

WHAT TO KNOW ABOUT BERNIE SANDERS’ FOX NEWS TOWN HALL

According to Politico, Sanders’ campaign wants to get his volunteers working early since they had a bit of a late start in the 2016 primary.

Sanders’ campaign is planning to pursue a similar “distributed organizing” strategy that they used for his last presidential bid where volunteers were trained for phone-banking and campaign texting, the outlet reported.

Though Sanders lost the Democratic primary to Hillary Clinton in 2016, he has made quite a comeback in his 2020 run.

His campaign announced on April 2 that the senator raised $18.2 million and received 900,000 individual contributions in the 41 days from the launch of his campaign on Feb. 19 until the end of the first quarter of fundraising on March 31 — which aides claimed “far outpaced” Sanders’ 2016 fundraising.

Sanders also announced in a video on Twitter only six days after launching his 2020 bid that 1 million volunteers signed up to help his run for White House campaign, a feat he called a “historic threshold.”

Fox News’ Paul Steinhauser and Liam Quinn contributed to this report.

Source: Fox News Politics

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Trump says additional sanctions on North Korea not necessary

U.S. President Trump speaks to reporters at his Mar-a-Lago resort in Palm Beach, Florida
U.S. President Donald Trump talks to reporters at his Mar-a-Lago estate in Palm Beach, Florida, U.S., March 29, 2019. REUTERS/Joshua Roberts

March 29, 2019

PALM BEACH, Fla. (Reuters) – President Donald Trump said on Friday that he decided not to put additional sanctions on North Korea last week because he wanted to maintain a good relationship with leader Kim Jong Un and because the North Korean people were already “suffering greatly.”

“I didn’t think that additional sanctions at this time were necessary. It doesn’t mean I don’t put them on later,” Trump told reporters at his Florida resort.

Trump said he has a very good relationship with Kim. “I think it’s very important that you maintain that relationship at least as long as you can,” Trump said.

(Reporting by Jeff Mason; Writing by Eric Beech; editing by Bill Berkrot)

Source: OANN

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What Will Democrats Do After Russia Probe Fizzles?

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Has the Democratic Party reduced its chances of denying President Trump a second term by continuing to concentrate on throwing him out before the end of his first? You can make a good case that it has.

Democrats have been itching to oust Trump since the days before he took the oath of office. Obama administration law enforcement and intelligence agencies launched investigations into candidate Trump's campaign, contrary to the general rule that such agencies should avoid interfering with electoral politics.

Astonishingly, they relied primarily, if not exclusively, on information bought and paid for by the Clinton campaign, in the Steele dossier. Then-FBI Director James Comey briefed the dossier's most salacious allegation to the incoming president, an act he presumably considered a form of blackmail.

The supposition, breathlessly reported almost daily by certain cable news channels, is that candidate Trump was in criminal collusion with Vladimir Putin's Russia. But the air has fizzled out of this balloon. Special counsel Robert Mueller, after nearly two years, has produced no indictments pointing to such collusion.

The only collusion that has had a political effect is the belief, held by many Democratic voters, that the Russians somehow switched hundreds of thousands of votes through computer hacking or a handful of diabolically clever Facebook ads. Many such people bitterly cling to their belief that Trump's impeachment and removal from office is imminent.

Democratic politicians evidently feel compelled to cater to these delusions, even as it becomes apparent that the Mueller investigation will soon end without any recommendation or basis for that.

House Intelligence Committee Chairman Adam Schiff promises that he will conduct extensive hearings. There is "abundant evidence of collusion," Schiff has said, but he has either not set it out or said it's already public.

Not much more forthcoming was House Judiciary Chairman Jerrold Nadler on ABC News last weekend. "We do not have the evidence all sorted out and everything to do -- to do an impeachment," he said. "Before you impeach somebody, you have to persuade the American public that it ought to happen. You have to persuade enough of the -- of the opposition party voters, Trump voters, that you're not just trying to ... steal the last -- to reverse the results of the last election."

My Washington Examiner colleague Byron York takes that as "Democrats have decided to impeach Trump and are now simply doing the legwork involved." The Federalist's Mollie Hemingway reached the same conclusion when listening to Nadler chat on his cellphone on the Acela train just after last November's election.

If so, they'd be moving on shaky ground. Nadler says it's "very clear" Trump has obstructed justice, but the first sign he points to -- Trump's referring to the Mueller investigation as a "witch hunt" -- is unpersuasive. That's probably not an impeachable offense to many of the 35 percent who told Quinnipiac this month that Congress should start impeachment proceedings now.

Now, it's 28 months since the last presidential election and only 20 months until the next one. In April 2007, after Democrats had just won congressional majorities, Nadler brushed aside calls to impeach then-President George W. Bush. "The timing is all wrong," he told the Washington Times. "If this were the first two years of his administration I would advocate impeachment. A lot of people at home say impeachment, and I'm sure he committed a lot of impeachable offenses, but think about it practically."

"At home" for Nadler is upscale parts of Manhattan and Brooklyn, areas thick with the urban white college graduates who, along with blacks and Hispanics, are Democrats' strongest constituencies. On many issues these days -- even on racial issues -- they're the party's most left-wing bloc, and probably the voters most determined to oust and humiliate the vulgar arriviste Donald Trump.

Urban white college grads had the highest turnout rates in mayoral elections in New York two years ago and in Chicago this year. Blacks and Hispanics, in contrast to past decades, were less interested. Urban whites were also the chief group surging Democratic in 2018 elections in Florida and Texas, according to Republican analyst Patrick Ruffini.

It was young white college grads and gentrifiers who elected Rep. Alexandria Occasion-Cortez in her Queens/Bronx upset last June. And her Green New Deal proposal, including things like moving toward eliminating beef and private cars, appeals more to that group than to blacks and Hispanics.

Pursuing impeachment looks like one more example of Democrats letting AOC types set their agenda -- and distract them from developing policies that will enthuse minorities and appeal to suburbanites whose votes they'll need next year.

COPYRIGHT 2019 CREATORS.COM

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Simulated subway attack in Romania for NATO medical exercise

NATO is holding a massive medical exercise in Romania, with more than 2,500 medical personnel involved in responding to a simulated attack on the subway system of Bucharest, the Romanian capital.

Dubbed Vigorous Warrior 2019, Friday's training session also included members of Romania's emergency services in the staged evacuation of 200 people injured in two supposed explosions in a downtown subway station.

Volunteers wore make-up depicting wounds and screamed as if in pain.

Col. Laszlo Fazekas, Director of the NATO Centre of Excellence for Military Medicine, said the event is "NATO's biggest military-medical exercise so far ... and the experiences we gather during the exercise will inform NATO's medical realm for years to come."

Source: Fox News World

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

April 26, 2019

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

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

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

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

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

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

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

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

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

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

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

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

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

“MARKET PLAY”

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

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

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

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

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

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

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

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

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

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

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

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

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

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

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

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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