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Italy: Migrant Sets Bus Full Of Children on Fire as Part of Pro-Refugee Protest

A Senegalese migrant set a bus full of children on fire in Italy as part of a pro-refugee protest against the deaths of asylum seekers attempting to reach Europe.

The bus was taking a group of school children home after outdoor activities in Crema before the driver, 47-year-old Ousseynou Sy, decided to change course.

After the migrant threatened passengers with a knife, one of the children managed to call their parents, who in turn alerted the police.

Authorities then set up road blocks in an effort to stop the driver, who then proceeded to ram the bus into them.

After losing control of the bus, Sy stopped the vehicle, poured gasoline on it and set it ablaze.

All the passengers were able to escape through the back door and windows, although 12 children subsequently had to be taken to hospital for smoke inhalation.

The migrant said that he wanted to kill himself and potentially others as a protest to “stop deaths in the Mediterranean Sea,” referring to asylum seekers who have drowned in an attempt to illegally enter Europe. He also reportedly threatened to “carry out a massacre”.

Having once been one of the primary entrance points for illegal immigrants entering the continent, Italy has drastically reduced the number of migrants arriving on its shores thanks to populist leader Matteo Salvini’s strong border policy.

At its peak, Italy was receiving around 120,000 illegal immigrants via boat from Libya a year. This number has been slashed to around 23,000, a number that is likely to shrink further as a result of Salvini’s actions.

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Paul Joseph Watson is the editor at large of Infowars.com and Prison Planet.com.

Source: InfoWars

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CNN Wins ‘Cronkite Award’ For Parkland Town Hall Which Saw NRA Rep Berated, Threatened With Violence

CNN was bestowed the Cronkite Award for its “Parkland Town Hall” which resulted in NRA spokeswoman Dana Loesch being escorted off the premises after attendees berated and tried to assault her.

The University of Southern California held the 10th biennial Walter Cronkite Awards for Excellence in Television Political Journalism on Wednesday, honoring CNN for its Parkland Town Hall last year for “helping advance the national conversation on gun control and violence.”

Loesch attended the event to defend the Second Amendment following the left’s calls for gun control over the deadly school shooting in Parkland, Florida, but the audience ended up hurling insults and threats of violence against her.

“Is this a joke? Seriously,” she tweeted Tuesday, before releasing several video clips of the event while it wasn’t televised.

“Here is some footage where people were yelling to burn me at CNN’s award-winning townhall where they ‘advanced the conversation on gun control,'” she said.

“Shame on you! Shame on you! Shame on you! Shame on you!” the audience chanted as Loesch was escorted from the event.

Some conversation.

Here’s more of the “conversation.”

“This is what happened when the cameras turned off at @CNNPR ’s award-winning townhall. They’re proud of it,” Loesch continued.

In the mainstream media bizarro world, CNN is given awards for “advancing the conversation on gun control and violence” for hosting an event that demonizes the Second Amendment and threatens violence against detractors.

Even CNN CEO Jeff Zucker was given a First Amendment award after lobbying to censor his competition online.


Twitter: 

Will Johnson joins Alex Jones live via Skype to talk with callers about the distinct possibility of Globalist forces using the New Zealand shooting, whether as a premeditated false flag or not, to practice ’emergency’ internet censorship and gun confiscation on a global scale.

Source: InfoWars

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Man with gas cans arrested at St. Patrick’s church in NYC

A New Jersey man was arrested after entering St. Patrick's Cathedral carrying two cans of gasoline, lighter fluid and butane lighters, the New York Police Department said, just days after flames ravaged the Notre Dame cathedral in Paris.

The unidentified 37-year-old man had pulled up Wednesday night in a minivan outside the landmark cathedral on Fifth Avenue in midtown Manhattan, walked around the area, then returned to his vehicle at 7:55 p.m. and retrieved the gasoline and lighter fluid, said NYPD Deputy Commissioner of Intelligence and Counterterrorism John Miller.

"As he enters the cathedral he's confronted by a cathedral security officer who asks him where he's going and informs him he can't proceed into the cathedral carrying these things," said Miller. "At that point some gasoline apparently spills out onto the floor as he's turned around."

Security then notified officers from the counter-terrorism bureau who were standing outside, Miller said. The officers caught up to the man and arrested him after he was questioned.

"His basic story was he was cutting through the cathedral to get to Madison Avenue. That his car had run out of gas," Miller said. "We took a look at the vehicle. It was not out of gas and at that point he was taken into custody."

"It's hard to say exactly what his intentions were, but I think the totality of circumstances of an individual walking into an iconic location like St. Patrick's Cathedral carrying over four gallons of gasoline, two bottles of lighter fluid and lighters is something that we would have great concern over," Miller said. "His story is not consistent."

Miller said the suspect is known to police, who are currently looking into his background.

St. Patrick's Cathedral was built in 1878 and has installed a sprinkler-like system during recent renovations. Its wooden roof is also coated with fire retardant.

Source: Fox News National

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Gavin Newsom’s El Salvador investment push is ‘wrong move,’ angel mom says, as California ‘has a lot of issues’

An angel mother is pushing back on California Gov. Gavin Newsom’s mission to spur investment in El Salvador as a way of mitigating the surge of migrants heading to the U.S.-Mexico border, telling Fox News on Tuesday that “he ought to be focusing on what is happening in our state.”

Agnes Gibboney, whose son Ronald da Silva was shot and killed in the Los Angeles-area in 2002 by an illegal immigrant, made the comment on "Fox & Friends" following the Democrat’s recent trip to the Central American country.

“Absolutely the wrong move. California has a lot of issues,” she said when asked about Newsom’s approach, lamenting the Golden State’s infrastructure, economic growth, schools, and tax system. “He ought to be focusing on what is happening in our state, not another country. It’s not his job to be doing that.”

Newsom is hoping that by attracting investment in El Salvador, its citizens will have less of a desire to flee there in hopes of coming to America, where federal officials are grappling with a surge in migrants at the U.S.-Mexico border.

OPINION: GAVIN NEWSOM'S 'TRAIN TO NOWHERE' REPRESENTS A BIG PART OF THE GREEN NEW DEAL

“Helping stabilize El Salvador directly helps California by mitigating the border challenges, by mitigating migration, by tempering the rhetoric with the Trump administration,” the Los Angeles Times quoted him as saying. “It’s about finding a different angle in the debate.”

“I think the economic opportunities, the investment opportunities are real, and getting some California industry, business interests to take a look at El Salvador is something that we’re clearly going to pursue,” he also said.

CLICK HERE TO GET THE FOX NEWS APP

But Gibboney believes California and Newsom should protect their own, not those living in El Salvador. She says her son’s killer, Luis Gonzalez – a reported gang member -- is set to walk free in February next year.

“I have no respect for the California government because they let me down. They protect criminal illegal aliens – they’re not protecting my family,” she told ‘Fox & Friends’. “Where was my son’s sanctuary? Where is my sanctuary? And to let everyone know, the individual that murdered my son will be released from prison in the state of California next year in February. This is an outrage. We need to protect our own – not criminals and not illegals that are costing taxpayers billions and billions of dollars a year.”

Source: Fox News National

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Bret Easton Ellis: Twitter Language Policing Has Become “Hysterical”

In an interview with the New York Times, literary icon Bret Easton Ellis says language policing on Twitter has become “hysterical”.

American Psycho author Ellis, who identifies as a centrist liberal, has repeatedly enraged bi-coastal elites by refusing to get caught up in Trump Derangement Syndrome.

This extends to Twitter, where the writer of an upcoming non-fiction book called White slammed the echo chamber idiocy that dominates the social media sphere.

“Lately what’s bothered me is the tweeting world, and how, since there’s no context, no nuance, and since everyone’s so hysterical, you are tagged things that you are not,” Ellis said. “The language police is a hard thing to deal with if you are creative.”

Ellis wishes everyone would calm down and thinks that the news cycle should be treated as a source of entertainment rather than the end of the world.

The man who previously sympathized with Kanye West’s political awakening while decrying the Black Panther movie as a token “diversity push” by Hollywood didn’t vote for Trump, but says liberals obsessed with his every utterance need to not take politics too seriously and just enjoy life.

“I’m in a good place in terms of truly not caring,” said Ellis . “It’s freedom, not worrying what people think of you. Not worrying about whether you’re attractive. Not caring about the burdens of sex.”

In a recent interview with Reason, Ellis explained why he thought the demands of the global movie industry was beginning to make films anodyne and bland.

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Source: InfoWars

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Q&A: Golan Heights an area of beauty, strategic value

President Donald Trump's move to recognize Israeli sovereignty over the Israeli-occupied Golan Heights turns the tables on decades of U.S. diplomacy and international law and threatens to further inflame regional tensions.

It is unlikely, though, to have much impact on the actual status of the territory, where Israel acts with full military control despite the lack of international recognition for its annexation 38 years ago.

A look at the Golan Heights:

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WHAT IS ITS POLITICAL AND STRATEGIC SIGNIFICANCE?

The Golan Heights is a strategic high ground at the southwestern corner of Syria with stunning, broad views of both Israel and Syria below. It is roughly about 1,200 square kilometers (460 square miles) and borders the Sea of Galilee. Israel captured the territory in the 1967 Mideast War and annexed it in 1981, a move that was never recognized by any country in the world.

U.N. Security Council resolution 497, issued after the annexation, refers to Israel's action as "null and void and without international legal effect."

For then-Syrian President Hafez Assad, the father of current leader Bashar Assad, the loss of the Golan Heights left a gaping wound, and he held various rounds of talks with the Israelis aimed at recovering the territory. The two sides appeared close to a deal in 2000, but disagreement over its fate ultimately foiled the talks.

For Bashar Assad, recovering the territory has been more of a rallying cry than a genuine concern. The civil war in Syria over the past eight years has been the priority and the areas adjacent to the Golan nearly fell to the rebels at one point .

Having recovered those areas with Russia's help, Assad and his allies will likely seize on Trump's move to renew its claims to the Golan. The Syrian government said in a statement Friday it is now more intent on liberating the Golan, "using every possible means."

WHO LIVES THERE?

The Golan front has been mostly quiet since 1974, a year after Hafez Assad mounted a failed attempt to retake the plateau. The U.N. Disengagement Observer Force, known as UNDOF, was established to monitor the cease-fire in May 1974 by a U.N. Security Council resolution.

Israel has built dozens of settlements in the Golan over the years, with an estimated 26,000 Jewish settlers living there as of 2019. Roughly the same number of Arabs live there, most of them members of the Druze sect of Shiite Islam.

Settlers have built wineries, boutique hotels and a ski resort, transforming the picturesque area into a popular region for Israel's domestic tourism. The Sea of Galilee is also Israel's main reservoir.

In contrast to the Palestinian territories captured in 1967, the Golan has remained quiet under Israeli rule. While most of the Golan's Druze have chosen not to take Israeli citizenship, they hold Israeli residency status that gives them the right to travel and work freely. Residents speak Hebrew.

Still, the community largely sees itself as inextricably linked to Syria. Many of the families living in the occupied Golan are separated from family in Syria. In past years, particularly before digital technology, they communicated with their brethren on the Syrian side through megaphones placed on two opposite sides of a valley named the "valley of tears." Before the war, brides would often cross at the border pass of Quneitra.

WILL TRUMP'S DECISION HAVE AN IMPACT?

Trump's decision won't change the status of the Golan as occupied territory in the eyes of the U.N. and most of the international community, although it may not be easy for a successor to reverse a decision once it has been made.

Michael J. Koplow, policy director of the Israel Policy Forum in Washington, said Trump's move may even signal to Israeli politicians that they can argue for the annexation of the West Bank.

It could embolden other leaders who have seized territory in violation of international norms, such as Russia's action in 2014, when it seized Crimea from Ukraine .

"This has a huge impact in terms of condoning occupation and has very negative implications if you're looking for peace in the Middle East," said Nikolaos Van Dam, an expert on Syrian War and former special envoy of the Netherlands to Syria.

WHAT ABOUT ARAB REACTION?

Trump's decision could be, in a way, a boost for Assad as well as Iran, Hezbollah and the so-called axis of resistance, allowing them to change the conversation and switch focus from the Syrian civil war to Israel's occupation of the Golan.

The Arab world is divided, and U.S. and Israeli officials may be betting no one will go to battle for Assad at this point.

Still, Arab occupied land remains a sensitive topic, even though Gulf countries may be more interested right now in partnering with Israel against Iran than in upholding notions of Arab nationalism. Even regional states opposed to Assad, while they may secretly rejoice at Trump's decision, will find it difficult to support it publicly.

The head of the Arab League, which suspended Syria's membership in 2011 over his handling of the civil war, rejected Trump's move and said the League fully supports Syrian sovereignty over the Golan Heights.

___

DeBre reported from Jerusalem.

Source: Fox News World

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Mnuchin: Government Would Shield Trump Tax Returns From Congress

Treasury Secretary Steven Mnuchin said on Thursday that he would shield President Donald Trump's tax returns from Congress, during remarks that could signal the administration's approach to an expected request from congressional Democrats.

During testimony in the House of Representatives, Mnuchin told the House tax committee that he would follow the law upon receiving a request for tax returns but would also protect Trump's privacy rights.

"I'm not aware if there's ever been a request for an elected official's tax return," Mnuchin said in response to questions from Democratic Representative Lloyd Doggett, a member of the House Ways and Means Committee. "But we will follow the law and we will protect the president as we would protect any individual taxpayer under their rights."

Committee Chairman Richard Neal, the only member of the House authorized by law to request the president's returns, is expected to ask Mnuchin for the documents. A Democratic member of the committee said earlier this month he believed the panel would ask for Trump's returns in a few weeks.

Democrats view the documents as a potential linchpin for oversight investigations, saying they would show whether the president has complied with U.S. tax law, profited from his own tax cuts, or has conflicts of interest from his vast business holdings.

Neal's committee could seek both his personal and business returns.

Trump defied decades of precedent as a presidential candidate by refusing to release his tax documents and has continued to keep them under wraps as president, saying his returns were under audit by the Internal Revenue Service. The IRS has said that Trump can release his tax returns even while under audit.

Interest in Trump's returns has soared since his former personal lawyer Michael Cohen told a House panel on Feb. 27 that the president has altered his value of assets and slashed the wages of his employees to lower his tax bills.

Section 6103 of the U.S. tax code allows the chairs of three committees -- Neal's House panel, the Senate Finance Committee and the Joint Committee on Taxation -- to request confidential tax returns, and says the Treasury secretary "shall furnish" the documents.

But requesting the tax returns of a sitting president is unprecedented. Fearing a lengthy court battle for the documents, Neal's committee has spent months working to develop a winning legal argument that could base the quest firmly within the panel's jurisdiction to oversee the U.S. tax system.

Senator Chuck Grassley, the Republican chairman of the Senate Finance Committee, is also expected to seek Trump's taxes if Democrats obtain them.

"There's an awful lot of interest in 6103 today," Mnuchin said. He said he would not speculate on a specific strategy for handling a request from lawmakers because he has not yet received one.

Source: NewsMax Politics

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

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

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

April 26, 2019

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

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

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

Source: OANN

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