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Trump Repeats He Won’t Release Returns Under Audit

Facing a congressional deadline for his administration to provide his tax returns, President Donald Trump said Wednesday he "won't do it" while he is under audit by the IRS.

Trump told reporters on the White House lawn that "I would love to give them, but I'm not going to do it while I'm under audit."

Rep. Richard Neal, D-Mass., the powerful chairman of the House Ways and Means Committee, has asked the IRS to turn over six years of the president's tax returns by the end of the day.

Treasury Secretary Steven Mnuchin, who supervises the IRS, said Tuesday he is not seeking direction from the White House on whether to comply. He said the department would likely respond by Neal's deadline, but did not say whether he would provide the returns as demanded.

Democrats do not expect Treasury to comply but they have not sketched out their next steps.

Neal has adopted a methodical approach to seeking Trump's returns. He has the option of eventually seeking to subpoena the records or to go to court if the IRS does not comply, but it is not clear he will adopt a more confrontational approach just yet.

"We intend to follow through with this," Neal said Wednesday. "I'll let you know fast."

The request for Trump's tax filings is but one of many oversight efforts launched by Democrats after taking back the House in last fall's midterms. Neal is relying on a 1920s-era law that says the IRS "shall furnish" any tax return requested by the chairmen of key House and Senate committees.

Mnuchin told lawmakers Treasury will "follow the law" but has not shared the department's interpretation of the statute.

The head of the IRS, meanwhile, faced questions from lawmakers for a second day on his response to Neal's request.

"You are on the receiving end of a very aggressive political campaign by the Trump administration. . . . It is your job, and your job alone, to respond to Chairman Neal's request," Sen. Ron Wyden, D-Ore., the senior member on the Senate Finance Committee, told Commissioner Charles Rettig at a hearing by the panel.

Wyden cited the importance of the IRS to be independent of political pressure.

"We're working on a response with counsel and we will respond," Rettig said.

Rettig had agreed with Democrats on Tuesday it is primarily his decision to make — though he reports to Mnuchin.

"You must be aware that we're a bureau of Treasury, and Treasury supervises us," he told Wyden on Wednesday.

Rettig said he had not been instructed not to comply with the request by anyone acting on the White House's behalf.

Source: NewsMax America

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Road rage suspect arrested in fatal shooting of Arizona girl

Phoenix police have arrested a suspect in the shooting death of a 10-year-old girl that investigators say was motivated by road rage.

Police Chief Jeri Williams said Friday that 20-year-old Joshua Gonzalez was booked into jail on a first-degree murder charge in the killing of Summerbell Brown and three counts of aggravated assault.

Authorities say a driver followed Summerbell and her family to their home Wednesday after their vehicle had cut him off.

The girl's father pulled into their driveway and got out to confront the suspect when he opened fire.

Summerbell was wounded and later pronounced dead at a hospital. Her father was shot, suffering non-life-threatening injuries.

Her mother and sister were in the car but escaped injury.

Williams says tips from the public were crucial for Gonzalez' arrest.

Source: Fox News National

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N.J. Mulls Raising Gun Permit Fees From $27 to $550

New Jersey’s Democratic Gov. Philip Murphy is getting resistance from both sides regarding his budget proposal to raise gun permitting fees substantially, according to reports.

New Jersey will have even higher gun permit fees than New York if the governor’s fee increases, proposed in early March, make it into the state’s budget. A carry permit would be $400, an identification card $100 and a gun owner’s permit would be $50, The New York Times reported Monday. Currently, those fees are $20, $5 and $2, respectively, and have not been adjusted since 1966.

Democratic colleagues fear the increase will be viewed as another substantial tax increase, like several others New Jersey has recently enacted, the Trenton Bureau reported, including higher fees on Uber, gasoline, e-cigarettes and online purchases.

“I recognize fees have to be adjusted,” said Democratic Assemblyman John Burzichelli said in an interview April 3 with New Jersey 101.5. Calling the increase “a little bit steep”, he said: “[I] don’t want to see fees adjusted to a point that they become steep, that they may drive a person who would follow a legal process in a different direction because they can’t come up with the money that we’re now demanding they come up with.”

Murphy believes the increase in fees will discourage people from purchasing firearms, thereby reducing gun violence and lowering the number of illegal guns coming into the state. He wants the increased revenue to be applied to programs that combat gun violence.

“We can support the efforts of the attorney general, state troopers, county and local law enforcement, to do the stuff we need to do: track crime, track gun violence, combat trafficking of illegal guns,” Murphy said to The Times. “There’s no war on responsible gun owners.”

“I was in Jersey City,” the governor continued. “It’s at least $10 to get a dog license in Jersey City. It’s still $2 to get a permit to purchase a firearm in New Jersey.”


Colorado’s Senate passed the so-called ‘red flag bill’ that allows law enforcement to seize people’s guns if a court rules them at risk to themselves or others.

Some gun policy experts are not convinced raising fees alone will tackle illegal guns. Arguing that states with tighter restrictions attract illegal gun trade from states where the laws are more relaxed, John Jay College Criminal Justice Professor Daniel Feldman said, according to The Times: “Most crime guns in the Northeast are thought to come from the ‘iron pipeline’ from the South, and then they’re sold on the street.”

(Photo by Matthew & Jenny Truch | Flickr)

Everytown for Gun Safety, a group funded by former New York City Mayor Michael Bloomberg, said it does believe increased fees may decrease gun crimes. “We think it’s a smart way to legislate,” said Jonas Oransky, legal director for the group.

“We support strong data-driven intervention programs, and think that it makes sense to fund them by raising revenue from gun purchasers,” Oransky added, according to The Times.

Gun rights advocates have protested the higher fees. “You’re talking about sportsmen that are already paying hundreds of dollars a year in license fees,” Cody McLaughlin, spokesman for the New Jersey Outdoor Alliance, said according to the report. “This is clear bullying of law-abiding gun owners in the state.”

“I think what Murphy would want to happen is for every gun shop in the state of New Jersey to just close,” said Lisa Caso, owner of Caso’s Gun-A-Rama in Jersey City.

Murphy’s proposals include a firearms tax of 2.5 percent and an ammunition tax of 10 percent. Discussions are ongoing and will not be finalized until the state legislature passes its budget, which is required by June 30.


Alex Jones describes how our ancestors’ tribal call to war is sounding out yet again, this time for the information war, and we must fight all tyrannical, oppressive ideas to truly defeat globalism worldwide.

Source: InfoWars

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Back home, Afghan veterans of Syria war seen as Iran’s pawns

An impoverished teenager, Mehdi, joined the wave of Afghans who left their homeland, dreaming of reaching Europe to find work. Where he ended up was entirely different: On the battlefields of Syria's civil war, in a militia created by Iran.

Mehdi was one of tens of thousands of Afghans recruited and trained by Iran to fight in support of Tehran's ally, Syrian President Bashar Assad. In Syria, he was thrown into one of the war's bloodiest battles, surrounded by the bodies of his comrades, under fire from Islamic militants so close he could hear their shouts of "Allahu akbar" before each mortar blast.

Iran created a network of militias made up of Shiites from across the region and used it to save Assad from the uprising against his rule — not only Afghans but also Pakistanis, Iraqis and Lebanese. Now with the 8-year war in Syria winding down, the question is what will Tehran do with those well-trained, well-armed forces.

Mehdi and other soldiers-for-hire from Afghanistan's impoverished Shiite Muslim communities are returning home, where they are met with suspicion. Afghan security officials believe Iran is still organizing them, this time as a secret army to spread Tehran's influence amid Afghanistan's unending conflicts.

"Here in Afghanistan we are afraid. They say we are all terrorists," said Mehdi, now 21 and back in his home city of Herat. He was terrified, speaking on condition he not be fully identified for fear of retaliation. He met The Associated in a car parked in a remote, mostly Shiite neighborhood, and even there kept his face obscured with a scarf, glancing suspiciously at every passing car.

The returning veterans are threatened from multiple sides. They face arrest by security agencies that see them as traitors. They face violence from the brutal Islamic State affiliate in Afghanistan, which views Shiites as heretics and vows to kill them. Last May, IS gunmen attacked a Shiite mosque in Herat, killing 38 people.

To back Assad, Iran sent hundreds of Revolutionary Guard troops to Syria and brought in a number of allied militias. The most well-known and most powerful was Lebanon's Hezbollah.

But the largest was a force made up of Afghans, known as the Fatimiyoun Brigade, which experts have estimated numbered up to 15,000 fighters at any one time. Over the years, several tens of thousands of Afghans trained and fought in it, most from the ethnic Hazara minority, who are among Afghanistan's poorest.

Roughly 10,000 veterans of the brigade have returned to Afghanistan, says a senior official in Afghanistan's Interior Ministry, who spoke on condition of anonymity.

The Afghan government and many experts believe Iran could mobilize these ex-fighters once more, especially if the country's many armed factions turn on each other in escalated warfare after U.S. and NATO troops withdraw. Iran could use the chaos to deploy the brigade, with the very real pretext that the vulnerable Shiite minority needs a defender.

"Expect the Iranians to reconstitute their militias inside Afghanistan at some point," said Bill Roggio, editor of the Long War Journal, a site devoted to coverage of the U.S. war on terror. "Iran does not discard assets in which it invests time, treasure, and expertise."

Like most of those who joined the Fatimiyoun Brigade, Mehdi was driven by poverty, not ideology or loyalty to Iran.

Too poor to afford books for school, Mehdi had just turned 17 when he left Afghanistan in 2015. He went to Iran and worked in Tehran for months, saving money for the next leg of the trip to Europe. But Europe's borders closed, and Mehdi was stranded in Tehran.

An Afghan friend suggested they enlist for Syria. As a fighter for Iran, they could earn the equivalent of $900 a month. At the time Mehdi was making barely $150 a month.

"I thought about it and I made my heart strong, like a raging river," Mehdi said. "I decided, 'Live or die, I'll go'."

He and other Afghans underwent 27 days of training under the Revolutionary Guard at a base in Iran's southern Yazd province. Afterward, Mehdi was flown to Damascus with around 1,600 other new recruits.

In Damascus, the recruits opened bank accounts where their salaries would be deposited. They went to the shrine of Sayeda Zeinab, a site outside Damascus revered by Shiites, for final blessings before battle. The next day, they were taken by bus to the northern city of Aleppo and sent immediately to the front.

Mehdi was thrown into one of the fiercest battles of the war — a 2016 campaign against Islamic militant factions for control of the town of Khan Toman and nearby villages on Aleppo's edge.

It was a fight that showed the international nature of the war. Among the militants were Syrians, Iraqis, Chechens, Turkmens, Uzbeks and other foreign jihadis; on the other side were Syrian and Iranian troops, Lebanese Hezbollah fighters, Iraqi Shiites and Afghans, backed by Russian warplanes — all battling for a piece of Syrian land. The fighting went on for months, killing and wounding hundreds on both sides.

"Often in the morning I saw seven, eight dead bodies." Mehdi said. He said in one battle, 800 Afghans were sent to the front line and all but 200 were either killed or wounded.

Mehdi returned to Afghanistan a year ago. He remains dirt poor, and unable to find a job. He spoke bitterly of his lack of options. He noted that the Fatimiyoun Brigade remains in Syria, and some Afghan veterans stayed there after their service to work.

"I don't know what my future brings," he said. "Maybe I become a thief — or maybe I go back to Syria."

____

Associated Press writer Amir Shah in Kabul, Afghanistan contributed to this report.

Source: Fox News World

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The Latest: Australian DJ charged with attempted kidnapping

The Latest on an alleged attempted toddler kidnapping (all times local):

4:15 p.m.

An Australian man accused of attempting to kidnap a 2-year-old boy from a busy San Francisco street appeared in court on the charge.

Roscoe Bradley Holyoake did not enter a plea during his appearance Tuesday.

His public defender, Steve Olmo, told reporters that Holyoake has no previous criminal record and was in San Francisco on business.

Holyoake did not speak during the five-minute hearing and was ordered return to court Thursday to enter a plea.

San Francisco police say good Samaritans stopped a man who tried to kidnap the boy last week in the city's Castro neighborhood.

Australian media have reported that the 34-year-old is a prominent disc jockey based in Perth.

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9:10 a.m.

San Francisco police say good Samaritans stopped a man who tried to kidnap a 2-year-old boy last week in the city's Castro neighborhood.

The San Francisco Chronicle reports the man was identified by jail records as 34-year-old Roscoe Bradley Holyoake.

Police say the child and his mother were walking down a street Friday afternoon when a Holyoake allegedly snatched the boy from her arms.

They say Holyoake made it about half a block with the boy as the mother chased him when bystanders grabbed him and held him down until officers arrived.

Holyoake was booked into San Francisco County Jail on suspicion of kidnapping and his bail was set at $500,000.

___

Information from: San Francisco Chronicle, http://www.sfgate.com

Source: Fox News National

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Florida agency probes video of Maryland man tackling bird

The Florida Fish and Wildlife Conservation Commission is working to determine what charges might be appropriate to bring against a Maryland man who was videotaped tackling a federally protected pelican.

The Baltimore Sun reports Hunter Hardesty, of Davidsonville, posted the video of the apparent attack online on Thursday. Commission officer and spokesman Bobby Dube says Hardesty enticed the pelican and then jumped on it. He says authorities are considering possible animal cruelty charges.

The video shows Hardesty learning over the water near the edge of a harbor that's geotagged to the Florida Keys. It shows him then jumping off the harbor and landing on top of the pelican, launching a scuffle punctuated by the laughter of onlookers.

The bird then slapped Hardesty across the face with its beak and fled.

___

Information from: The Baltimore Sun, http://www.baltimoresun.com

Source: Fox News National

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Palestinians say Israeli fire kills 2 at Gaza-Israel fence

Gaza's Health Ministry says two Palestinians have been killed by Israeli gunfire at protests along the Gaza-Israel border fence.

The ministry said Friday that those killed were 18 and 29 years old, without elaborating. It added that 55 protesters were wounded.

Thousands attended the protests, including Ismail Haniyeh, the leader of the militant Hamas group.

Haniyeh said that the protesters "insist on breaking" a blockade that Israel and Egypt imposed to isolate Hamas since it seized the Palestinian enclave in 2007.

The protest movement was unleashed this month a year ago. Since then, about 190 Palestinians and an Israeli soldier have been killed during the weekly rallies.

Egypt, Qatar and the U.N. have been negotiating a ceasefire between Israel and Hamas, but an agreement has yet to be reached.

Source: Fox News World

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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)

Source: OANN

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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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