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Pope Francis blesses palm branches as he ushers in Holy Week

Pope Francis is marking Palm Sunday Mass in St. Peter's Square, which is jammed with tens of thousands of faithful.

Sprinkling holy water, Francis blessed palm fronds and olive branches clutched by pilgrims, tourists and Romans. He watched from steps at the foot of the obelisk in the center of the square as prelates, holding dried, braided palms, formed a circle around him.

Palm Sunday ushers in Holy Week, which includes the Way of the Cross procession at the Colosseum to commemorate Jesus' death by crucifixion. Several solemn ceremonies culminate in joyous celebrations on Easter Sunday as Christians celebrate their belief that Jesus rose from the dead.

After the blessing, the pope, wearing red robes and cradling a braided palm, joined a procession to an open-air altar to celebrate Mass.

Source: Fox News World

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Tesla shares skid after first-quarter deliveries disappoint

FILE PHOTO: A Tesla logo is painted on a wall inside of a Tesla dealership in New York
FILE PHOTO: A Tesla logo is painted on a wall inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo

April 4, 2019

(Reuters) – Tesla Inc shares fell more than 8 percent on Thursday after a bigger-than-expected drop in first-quarter deliveries, led by waning demand for its luxury Model S and X vehicles, added to worries about the electric carmaker’s finances.

At least four Wall Street brokerages cut their price targets on the company’s stock, citing concerns about profitability and revenue after deliveries of the higher-priced luxury cars more than halved compared to the fourth quarter.

RBC analysts called Model S/X deliveries “very disappointing” and estimated the numbers would translate to a more than $1 billion shortfall in revenue compared to previous estimates.

The company had already flagged in February that it expected to post a first-quarter loss as it launched its cheaper $35,000 version of the Model 3 sedan.

In the quarter, Tesla delivered 50,900 Model 3s, the linchpin of its growth strategy, falling short of analysts’ estimates of 58,900, according to IBES data from Refinitiv.

Tesla also pinned the blame for the first-quarter delivery drop to longer transit times, which analysts said could impact cash flow, even though the company claimed it had sufficient cash on hand.

The company said it had delivered only half of the quarter’s numbers by March 21, with 10,600 vehicles still in transit at the end of the quarter. By comparison, only 1,900 vehicles were in transit at the end of the fourth quarter.

Cowen and Co analysts said that the delivery and transit details suggested “cash was likely dangerously low” after Tesla paid off a $920 million convertible bond obligation in cash in the beginning of March.

Still, there were no new downgrades by brokerages on Tesla shares. The company is currently rated “buy” or higher by 12 of the 30 brokerages covering the company, 7 “hold” and 11 “sell” or lower.

The carmaker reaffirmed its forecast to deliver between 360,000 and 400,000 vehicles this year, and said U.S. orders for the new Model 3 outpaced what the company was able to fulfill in the quarter.

Nord LB analyst Frank Schwope called the numbers “more shocking than disappointing” and said there remain doubts whether Tesla could deliver 400,000 cars this year.

Lawyers for Tesla chief Elon Musk will argue on Thursday that he did not violate a fraud settlement with the U.S. Securities and Exchange Commission and should not be held in contempt, the latest twist in a high-profile battle between the billionaire and the government.

Musk’s fight with the SEC, to play out in a Manhattan federal court hearing, has raised investor worries that it could lead to restrictions on his activities or even his removal from Tesla, while distracting him at a pivotal point in the company’s expansion.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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Nike shares dip on North America weakness but Wall Street remains upbeat

Nike shoes are seen on display in New York
FILE PHOTO: Nike shoes are seen on display in New York, U.S., March 18, 2019. REUTERS/Shannon Stapleton

March 22, 2019

By Nivedita Balu

(Reuters) – Shares of Nike Inc fell 4 percent on Friday after the sportswear maker’s North America sales fell short of estimates for the first time in a year, but Wall Street analysts seemed more enthused about its new products and online growth.

The company faced intense pressure from European rivals Adidas and Puma a year ago, but has managed to win back market share with new launches of its popular Air Max and Jordan sneakers, increased focus on women’s wear and higher investment in online business.

“The athletic footwear cycle and brand power are solid. Nike’s business is strengthening in North America, and we expect the company to continue to recapture the share it has lost to Adidas,” said Jefferies analyst, adding that the stock might be slightly down given “high expectations”.

The company on Thursday blamed delay in new launches for a slowdown in apparel sales in North America during the quarter, which was marked by an outcry on social media after a Nike sneaker worn by Duke University basketball star Zion Williamson ripped open during a high-profile game.

Still, the stock continues to be one of Wall Street’s favorites. Out of 34 brokerages covering the stock, 25 analysts rate it ‘buy’ or higher and only one analyst has a sell rating on the stock.

Nike’s shares trade at 28.6 times the company’s 12-month forward earnings, compared with rival Adidas’ 21.5 times and Under Armour’s 59.5 times, according to Refinitiv IBES data.

Just two brokerages – Credit Suisse and UBS – lowered their target on the stock. Credit Suisse cut its price by $3 to $97, still well above the median price target of $92.5.

Nike’s online business, which includes sales from the SNKRS and Nike apps, was the main profit driver in the reported quarter. Revenue from that business rose 36 percent in the quarter.

While most analysts were enthusiastic about the results, some said higher expenses as the only dark spot in an otherwise strong report.

Jefferies analyst Randal Konik flagged a rise in selling, general and administrative expenses due to wage-related expenses.

(Reporting by Nivedita Balu in Bengaluru; Writing by Sweta Singh; Editing by Saumyadeb Chakrabarty)

Source: OANN

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Colorado man faces additional charges in fiancee's death

Additional charges have been filed against the Colorado man charged with murder and solicitation to commit murder in the death of his missing fiancee.

Patrick Frazee was in court Tuesday for a hearing to determine whether he will stand trial in Kelsey Berreth's death. Her body has not been found but police have said evidence suggests she was killed at her home on or around Thanksgiving.

Prosecutors are asked to present the evidence against defendants at the type of hearing.

Frazee was charged in December, more than a month after the last sighting of 29-year-old Kelsey Berreth on Nov. 22, Thanksgiving Day. She was seen on surveillance video with the couple's daughter at a grocery store near her home in Woodland Park, a mountain town near Colorado Springs.

Colorado prosecutors added a charge accusing Frazee of tampering with a deceased body and two charges of committing a crime of violence, which would let the state request a harsher penalty on conviction.

A Woodland Park Police commander later testified that cell phone location data showed Berreth's and Frazee's phones were in the same location after Nov. 22, the date Frazee told police he last saw Berreth.

Police believe she was killed at her home in Woodland Park.

Frazee, 32, has not entered a plea and has been jailed since his arrest.

Prosecutors allege Frazee sought to find someone to kill Berreth between September and November but have released little other information about the case. Key court records remain sealed.

Earlier this month, an Idaho woman pleaded guilty to helping thwart the investigation by tampering with evidence in the case and agreed to testify against Frazee.

Krystal Jean Lee Kenney, 32, said she moved "the victim's cellphone" around Thanksgiving but her motive and the nature of her relationship with Frazee remains a mystery

Police have said several text messages were sent from Berreth's phone in the days following Thanksgiving, including a message sent to her employer asking for a week off of work.

Source: Fox News National

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Jury selection begins in former Minneapolis officer’s trial

Jury selection is scheduled to begin in the trial of a former Minneapolis police officer who fatally shot an unarmed Australian woman after she called 911 to report a possible sexual assault behind her home.

Thirty-three-year-old Mohamed Noor is charged in the July 2017 death of Justine Ruszczyk Damond. Noor is charged with murder and manslaughter.

Potential jurors will gather Monday morning to receive instructions as the selection process begins.

Prosecutors must prove Noor acted unreasonably when he shot Damond. The defense plans to argue that he used reasonable force in the situation and acted in self-defense.

Noor refused to speak to investigators about what happened. His attorneys haven't said whether he'll testify at the trial, which is expected to last weeks.

Source: Fox News National

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Vereit: 4Q Earnings Snapshot

PHOENIX (AP) _ Vereit Inc. (VER) on Thursday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

The Phoenix-based real estate investment trust said it had funds from operations of $172.5 million, or 17 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 17 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $27.2 million, or 1 cent per share.

The real estate investment trust posted revenue of $313.3 million in the period.

The company's shares have increased 14 percent since the beginning of the year. The stock has risen 19 percent in the last 12 months.

_____

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on VER at https://www.zacks.com/ap/VER

Source: Fox News National

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Hungary publishes more anti-EU ads despite pledging halt

A government billboard is seen in Budapest
A government billboard is seen in Budapest, Hungary, March 12, 2019. The billboard reads, "You also have the right to know what Brussels is up to", accusing European Commission President Jean-Claude Juncker of pushing migration plans encouraged by U.S.-Hungarian businessman George Soros, in a media campaign rebuked by the commission. REUTERS/Bernadett Szabo

March 13, 2019

BUDAPEST (Reuters) – Hungary’s pro-government media continued to publish anti-EU messages on Wednesday despite a promise by a government official to halt the campaign during talks with a center-right European grouping on Tuesday.

Government billboards against an EU chief and the U.S.-Hungarian billionaire George Soros were among the grievances of members of the European People’s Party (EPP) which are seeking to expel Prime Minister Viktor Orban’s Fidesz party.

A dozen of about 80 members of the EPP, the largest grouping in the European Parliament, felt Hungary had violated its values so badly that it should be kicked out, even if that weakens the group just before Europe-wide elections.

The European Commission, which is also in dispute with Hungary over what is says are challenges to the rule of law, has dismissed the attack campaign, which suggests that it seeks to flood Hungary with immigrants, as fiction.

Crunch talks on Tuesday between Orban and EPP group leader Manfred Weber failed to resolve their differences, meaning expulsion is still possible.

Weber has demanded an immediate and permanent end to Orban’s anti-EU and anti-immigrant campaigning – as well as an apology to EPP members for his rhetoric and renewed support for a university in Hungary. [L8N20Z5F4]

Orban’s chief of staff Gergely Gulyas, who is also a Fidesz vice chairman, said on Tuesday: “The hoarding campaign has finished; from now on members of the public will see hoardings promoting the government’s family protection action plan.”

But full-page adverts were in several pro-government dailies and continued on state television on Wednesday.

The adverts, which depict a smiling head of Soros behind a grinning EU Commission President Jean-Claude Juncker, an EPP member, say “you have a right to know what Brussels is planning” – the same as the billboards that sprung up across the country.

The ads go on to list purported EU moves to ease immigration, such as easier visa access or cash payments to immigrants. The commission says they are a “conspiracy theory”.

A government spokesman said Hungary only undertook to end the campaign by March 15.

The EPP is the largest party in the European Parliament, and is expected to remain the strongest despite its eroding support and gains by populist parties, polls have shown.

(Reporting by Marton Dunai; Editing by Alison Williams)

Source: OANN

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Senior White House adviser Jared Kushner said Tuesday that a detailed plan for a merit-based immigration system will be presented to President Trump, giving priority to skilled immigrants rather than those with family ties to the U.S.

“I do believe that the president’s position on immigration has been maybe defined by his opponents by what he’s against as opposed to what he’s for,” Kushner said at the Time 100 Summit in New York City. “What I’ve done is I’ve tried to put together a very detailed proposal for him.”

KUSHNER: RUSSIA INVESTIGATION HAD ‘HARSHER IMPACT’ ON US THAN ELECTION MEDDLING

Kushner announced that the new immigration proposal, which Trump will receive this week or next, will resemble the point-based systems in Canada, Australia and New Zealand, and will unify people by ensuring strong wages and secure borders while protecting humanitarian values.

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term,” he said. “And my hope is we can really do something that unifies people around what we’re for on immigration.”

“We want to protect our country’s humanitarian values. We want to make sure we’re reunifying families, and we want to do this in a way that allows our country to be competitive long term. And my hope is we can really do something that unifies people around what we’re for on immigration.”

— Jared Kushner

JARED KUSHNER RESPONDS AFTER HASAN MINHAJ CALLS OUT HIS TIES TO SAUDI PRINCE

Kushner denied in the same talk that he has clashed with White House staffer Stephen Miller, who’s seen as tougher on immigration than others, adding that the plan was concocted with the help of Miller and Kevin Hassett, chairman of the Council of Economic Advisers.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison,” Kushner joked, referring to the Israel-Palestine peace plan he’s working on.

“And I say that If that if I can get Stephen Miller and Kevin Hassett to agree on an immigration plan, then Middle East peace will be easy by comparison.”

— Jared Kushner

After the plan gets presented to Trump, it will likely undergo some changes and then he will decide when to proceed with it, Kushner said.

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“It’s very, very complicated, but it’s a very interesting issue, and if we can solve it, I do think it’s a critical component for America’s long-term competitive advantage,” he added.

The Associated Press contributed to this report.

Source: Fox News Politics

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Brazilian President Jair Bolsonaro on Thursday said his government must make men aware of the dangers of poor hygiene after expressing dismay over the 1,000 penis amputations that apparently occur in his country each year.

“In Brazil, we have 1,000 penis amputations a year due to a lack of water and soap,” he said while speaking to reporters in Brasilia after visiting the Education Ministry. “We have to find a way to get out of the bottom of this hole.”

The far-right leader called the figure “ridiculous and sad,” Reuters reported. A spokeswoman for the Brazilian urology society told the news agency the number is based on its official data for penis amputations.

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The amputations were conducted out of necessity over untreated infections, along with complications from HIV and various cancers, she said.

Source: Fox News World

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A top Russian diplomat says Russia is willing to negotiate a new nuclear weapons treaty with the United States and China.

Deputy Foreign Minister Sergei Ryabkov told reporters on Friday Moscow is closely following reports in the United States that the U.S. would like to reach a nuclear weapons deal with both Russia and China, and is “willing” to negotiate. The story was reported by CNN earlier Friday.

Ryabkov also said that Russia “would like to convince” the U.S. to adopt a joint statement that would condemn any use of nuclear weapons.

Ryabkov’s comments come just months after the U.S. withdrew from the Intermediate-Range Nuclear Forces Treaty, a cornerstone of the post-Cold War security, and Russia followed suit. Each claims breaches by the other.

Source: Fox News National

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Government dysfunction and an intelligence failure that preceded the Easter Sunday bombings in Sri Lanka are traced to simmering divisions between the president and prime minister after a weekslong political crisis that crippled the country last year.

The government has admitted to a “lapse of intelligence” after officials failed to act upon near-specific information received from foreign agencies. Suicide bombers exploded themselves last Sunday in three churches and three luxury hotels, killing 253 people and wounding 400 more. Authorities said eight Muslim militants blew themselves up at their targets while the wife of one of the attackers blasted herself on being rounded up by police.

The carnage has brought forth arguments that worshippers and holidaymakers fell victim to the rivalry and a lack of communication between the country’s two leaders — President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

The Cabinet led by Wickremesinghe says neither he nor his ministers were informed of the intelligence received by the defense authorities. Sirisena is the head of state, defense minister, minister in charge of the police and head of the armed forces. He also chairs the National Security Council, which includes the heads of security agencies and departments. Traditionally the prime minister also plays an important role on the council.

According to Health Minister Rajitha Senaratne, Sirisena has not included Wickremesinghe in national security affairs since a dispute between them came into the open in October last year. This is an unusual departure from the protocol, he said.

Senaratne said that Sirisena was overseas when the attacks took place and even after that, the National Security Council refused to meet with Wickremesinghe as he tried to give them instructions.

Sirisena has also said that he was not informed of the intelligence received and vowed to overhaul the leadership of the defense forces.

The top bureaucrat at the Defense Ministry, Hemasiri Fernando, has resigned at Sirisena’s insistence.

“It is a major factor,” said Jehan Perera, the head of local activist group National Peace Council, referring to the alleged lack of coordination between the leaders contributing to the failure to prevent the attacks.

“The primary responsibility has to be taken by the president, he did not give the information and he did not act,” Perera said. “He had the Ministry of Defense, took the police from the prime minister, chaired the National Security Council meetings and did nothing,” Perera said.

Kusal Perera, a journalist and political commentator, says security and intelligence officials should have acted on the information whether or not they received orders from politicians.

“If they (Wickremesinghe and his party) were not invited to the National Security Council, why did not they say in Parliament that they were not responsible for the security of the country any longer,” said Perera, who is not related to Jehan Perera.

“Saying that now is taking political advantage, not taking responsibility,” he said.

Sirisena and Wickremesinghe belong to different political parties but came together for Sirisena’s presidential campaign in 2015. Their relationships broke down and their differences exploded last year when Sirisena suddenly sacked Wickremesinghe as prime minister and appointed in his place former strongman Mahinda Rajapaksa, whom he defeated in the presidential election. The crisis crippled the country for more than seven weeks to the point of not being able to pass this year’s national budget on time.

A court decision compelled Sirisena to reappoint Wickremesinghe, but the two leaders have been rivals within the same government.

Rajapaksa, who is the minority leader in Parliament, blames the government for weakening intelligence and dropping its guard, which he had maintained to defeat the separatist Tamil Tiger rebels 10 years ago to end the 26-year-old civil war. He also criticized the government for the detention of intelligence officers accused of extrajudicial killings and abductions during the closing days of the war, which he said crippled the security apparatus before the bombings. According to conservative U.N estimates, some 100,000 people were killed in Sri Lanka’s conflict.

Sirisena summoned an all-party conference Thursday to which Wickremesinghe was also invited. At the conference, Sirisena stressed “setting aside all the political beliefs and difference (so that) everybody should collectively commit towards building a peaceful environment within the country,” a statement from his office said.

“It is not a secret that the disagreements between me and the government aggravated over the past two years,” Sirisena told the country’s media executives Friday. “One of the reasons for that is weakening of military intelligence and arresting military officials unnecessarily and my speaking up against it within and outside the government.”

Jehan Perera said that the security threat could prove politically advantageous to Rajapaksa and his family, with a presidential election scheduled at the end of this year. Gotabhaya Rajapaksa, a younger brother of Mahinda, was the powerful defense secretary during his brother’s reign and has expressed his interest to join the contest.

“People are saying we want a stronger leader and they are talking about Gotabhaya. It (the blasts) has worked to their benefit,” Perera said.

Source: Fox News World

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Cyprus police are intensifying a search for the remains of more victims at locations where an army officer, who authorities say admitted to killing five women and two girls, allegedly had dumped their bodies.

Police said Friday’s search will concentrate on a military firing range, a reservoir and a man-made lake near an abandoned mine approximately 32 kilometers (20 miles) west of the capital Nicosia.

On Thursday, the 35-year-old suspect told investigators that he had killed four more people than he had previously admitted to. All the suspect’s alleged victims are foreign nationals.

Police have already found the bodies of a 38-year-old Filipino woman and two as yet unidentified women.

Search crews are now looking for the daughter of the 38-year-old, a Romanian mother and daughter and another Filipino woman.

Source: Fox News World

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