Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Search for girl, 5, who vanished in California river called off for night, to resume

Authorities in Stanislaus, Calif., announced late Sunday that the search for a 5-year-old girl who earlier slipped on rocks and fell into a river in the area has been called off for the night and will continue in the morning.

The unidentified girl slipped off some rocks near the Stanislaus River at about 5 p.m. Bystanders tried to reach her in the river but were unsuccessful. The girl's father jumped in, but began to struggle, according to ModBee.com. Another bystander had a grip of the girl but the current was too strong and she was swept away, the report said.

Fox 40 reported that recent storms in the area have created dangerous conditions along the waterway.

GET THE FOX NEWS APP

The child disappeared in the river in Knights Ferry, according to the Stanislaus County Sheriff’s Department.

Source: Fox News National

0 0

Report: Rove Joins 5G Battle That’s Dividing Trump Advisers

Veteran GOP strategist Karl Rove is contacting lawmakers' offices on Capitol Hill to warn against bipartisan efforts to ban government control of super-fast 5G wireless technology — a fight that has split President Donald Trump's advisers, Politico reported.

The outreach has included staffers in the office of Sen. John Cornyn, R-Texas, one of several lawmakers sponsoring the legislation, Politico reported.

Rove has also been at meetings with House and Senate Armed Services committee offices organized by a lobbyist for Rivada Networks, which wants the government to manage the sharing of 5G airwaves with wireless providers, company spokesperson Brian Carney said Thursday. Carney told Politico that Rove is not a lobbyist for the company.

Rivada, which is backed by tech investor and Trump ally Peter Thiel, would have the administration take wireless spectrum from the Defense Department and use a third-party operator — ideally Rivada — to make those airwaves available to providers who need it on a rolling wholesale basis, much like in the electricity market, Politico reported.

Rove has been helping Rivada cultivate a network of advocates to push its 5G concept — pitting them against the telecom industry and many Trump administration officials and lawmakers who believe private companies like AT&T and Verizon should manage the buildout of 5G and Rivada's plan smacks of "nationalization," Politico reported.

The fight comes as the United States races China and other countries to be first to deploy 5G wireless networks.

Source: NewsMax America

0 0

Turkish soldier killed in attack in northwest Syria

The Turkish military says one of its soldiers has been killed in northern Syria, blaming "terrorists" for the attack and responded with a barrage of shelling.

Turkey's ministry of defense said a mortar attack on Sunday near the town of Afrin killed one soldier and wounded another. It said Turkey responded by shelling "terrorist targets."

Turkey and allied Syrian fighters took control of Afrin last year, expelling local Kurdish fighters that Ankara considers terrorists and setting off attacks against Turkey's presence there.

The Syrian Observatory for Human Rights said Turkey responded to the attack on its forces with a barrage of shells against several villages to the north of Afrin, mainly causing material damage. The Kurdish-run Hawar news agency reported the shelling but gave no details on casualties.

Source: Fox News World

0 0

Greek government safeguards majority with new election rule

Lawmakers in Greece have approved a proposal to allow candidates in upcoming European elections to retain their seats in the national parliament — an amendment needed to preserve the government's razor-thin majority.

Two independent lawmakers backing left-wing Prime Minister Alexis Tsipras are expected to run in the May 26 European election but their departure could have toppled the government. Amid strong protest from opposition parties, lawmakers voted 148-105 Wednesday to change the rules.

Tsipras' government narrowly avoided collapse in mid-January following the departure of a nationalist coalition partner. But six independent members of parliament rescued the government, pledging support and giving Tsipras the backing on 151 lawmakers in the 300-seat legislative assembly.

The coalition collapse was triggered by a landmark agreement between Greece and neighbor North Macedonia to normalize relations.

Source: Fox News World

0 0

Congestion tax on drivers gains steam in big cities after New York approves controversial plan 

Several major cities are now considering a so-called “congestion” tax, on the heels of New York approving the controversial first-in-the-nation fee on drivers in a bid to ease gridlock.

New York state lawmakers earlier this month approved a congestion surcharge for drivers at all Manhattan points of entry below 60th Street, the culmination of a decade-long fight that began in 2007 when former New York City Mayor Michael Bloomberg began pushing the plan. Now supporters in Los Angeles, San Francisco, Philadelphia, Boston, Seattle and Portland are considering following New York’s lead, in an effort to cut down on traffic and pollution and raise money for public transportation.

NEW YORK OFFICIALS FACE BACKLASH OVER 'CONGESTION' TAX PUSH

But critics say the charges, in New York and beyond, would only punish commuters who have no choice but to drive into cities, as well as businesses that rely on downtown deliveries.

“Congestion itself is enough of a deterrent for folks driving into the city,” Republican Pennsylvania state Rep. Todd Stephens told Fox News.

Stephens represents suburban Montgomery County outside Philadelphia -- which is now looking at a congestion tax for the first time, according to the office of Democratic Mayor Jim Kenney. Spokeswoman Kelly Cofrancisco told The New York Times the city will examine New York’s experience “to see how this can help improve equity, safety, sustainability and mobility.”

Some local lawmakers are welcoming the idea. “I applaud my … colleagues in New York for their work to make the city more navigable and more accessible. As cities take on gridlock and congestion with meaningful policy solutions like congestion pricing, I’m certainly paying attention,” Democratic Councilmember Helen Gym said in a statement to Fox News.

Stephens, whose district includes many Philadelphia commuters, countered that a congestion tax would be “unfair” to workers, adding “some people have to drive.”

Also paying attention are advocates of the tax in Los Angeles, San Francisco and Portland – all cities that are conducting or planning impact studies on such a proposal.

A report recently issued by the Southern California Association of Governments recommended a $4 fee for entering West Los Angeles and Santa Monica during the weekday rush hour. It concludes that this change would reduce congestion by roughly 20 percent.

"Congestion pricing is a creative solution to gridlock that appropriately prices road use and also generates significant funding for transit while reducing pollution. The alternative is simply doing nothing and allowing congestion to persist unchallenged. I think it is positive that cities around the world, including some in California, are willing to try [innovative] solutions over inaction,” said Democratic California Assemblyman Richard Bloom, who represents parts of Los Angeles.

In Massachusetts, meanwhile, The Boston Herald reports that state lawmakers have introduced a new bill aimed at imposing a congestion tax in East Boston. The push may be difficult as Massachusetts GOP Gov. Charlie Baker vetoed such a bill last year and Boston Democratic Mayor Marty Walsh faced intense backlash from commuters at the time.

The analytics company Inrix, using over 350 million traffic data points, rates Boston as the most congested city in the country, with New York City, Los Angeles, Seattle, San Francisco, Philadelphia and Portland also ranking in the top 10.

Seattle has also been studying the issue since before New York approved its plan. Democratic Mayor Jenny Durkan pitched the idea as part of her budget push last year to make the city compliant with the Paris climate accord after President Trump withdrew the U.S. from the treaty.

Democratic Councilman Mike O’Brien, who spearheaded the push in his city, told Fox News in a statement, “As congestion and pollution increase in our growing city, we need tools such as congestion pricing to ensure our city continues to function well.” O’Brien insists Seattle is assessing the possible impact on low-income households which “should not disproportionately bear the impacts of congestion pricing. This is why Seattle started a study over a year ago to better understand who currently drives downtown, when they drive downtown, and why.”

DEM GOVERNOR'S $25,000-A-PLATE FUNDRAiSER HAS OWN PARTY CALLING HIM OUT

As these cities consider the idea, they’re likely to encounter the same kind of resistance New York experience. Amid that debate, the Independent Drivers Guild (representing over 70,000 app-based drivers) blasted the plan as a “sham” tax that “unjustly singles out low income for-hire drivers and their already highly-taxed riders.” Uber, meanwhile, lobbied for the idea.

AAA spokesman Robert Sinclair told Fox News that “as far as we are concerned it is all about the money, it is terribly unfair.”

Congestion pricing is an idea first popularized overseas. Back in 2003, London imposed a fee of £11.50 ($15) to drive into Central London, and piled on another fee several years ago for older vehicles.

While the price has not been set in stone for New York, a report commissioned by Gov. Andrew Cuomo’s office recommends cars entering Manhattan during peak hours be charged $11.52, and trucks be charged $25.34 – on top of any bridge tolls.

Source: Fox News Politics

0 0

Australian, New Zealand students kick off global climate change strike

Students are seen during the global school strike for action on climate change outside New Zealand's parliament in Wellington
Students are seen during the global school strike for action on climate change outside New Zealand's parliament in Wellington, New Zealand, March 15, 2019. AAP Image/Boris Jancic/via REUTERS

March 15, 2019

By Charlotte Greenfield and Tom Westbrook

WELLINGTON/SYDNEY (Reuters) – Thousands of school students walked out of class across Australia and New Zealand on Friday as part of a global student strike against government inaction on climate change.

“Climate change is worse than Voldemort”, read one student’s handmade sign in Wellington, referring to the evil wizard in the hugely popular Harry Potter books and films. “The oceans are rising, so are we,” read another in Sydney.

Student protests were held in capitals and cities across Australia and New Zealand from Wellington to Melbourne and Sydney, drawing tens of thousands of people, with more planned through Europe, Asia and the United States later on Friday.

The marches are part of a worldwide student strike movement, which started in August 2018 when 16-year-old Swedish climate activist Greta Thunberg began protesting outside her parliament on school days. Norwegian lawmakers have nominated her for the Nobel Peace Prize.

“If we don’t do something, it’ll be our lives affected, not the 60-year-old politicians,” said Sydney student Callum Frith, 15, who was wearing his school uniform. “We need action.”

Elsewhere in Asia Pacific, around 60 students protested at Thailand’s government house in Bangkok, holding cardboard signs to campaign against plastic. Thailand is one of the world’s top marine plastic polluters.

“As youths who will inherit the land, we gather here to demand that the government work with us to solve these problems,” said 17-year-old Thiti Usanakul of student-led group Grin Green International in a speech.

The group was later invited to meet with officials at the Ministry of Natural Resources and Environment in two weeks.

More than 100 students planned to gather in Seoul for a protest. In Singapore, where there are strict laws regulating public assembly, youths planned a virtual campaign on social media.

“The government just needs to change some things, which is why if we go on strike on a school day then they’ll notice and they might actually do something about it,” said 14-year-old New Zealand student Inese, who did not want her surname made public.

New Zealand Prime Minister Jacinda Ardern, who has pledged NZ$100 million ($68 million) to reduce greenhouse gas emissions, supports to the student strikes, saying teenagers should not wait until they were old enough to vote to use their voice.[L3N21013U]

That contrasts with politicians in Australia and Britain who have rebuked them for cutting class.

“For action on issues that they think is important, they should do that after school or on weekends,” Australia’s Minister for Education Dan Tehan told reporters ahead of protests in Melbourne.

Wellington parent Alex, who marched beside his 11-year-old son, disagreed. “It’s a much better day of education…this is the greatest issue of our time,” he said.

Scientists say the burning of fossil fuels such as coal, releases greenhouse gases that trap heat and lift global temperatures, causing more floods, droughts, heatwaves and rising sea levels.

At the 2015 Paris climate conference, countries pledged to work to limit the rise to 2 degrees Celsius (35 Fahrenheit), a step that will require a radical reduction in the use of coal and fossil fuels.

(Reporting by Charlotte Greenfield in Wellington, Tom Westbrook in Sydney and Sonali Paul in Melbourne. Additional reporting by Jane Chung in Seoul, Aradhana Aravindan in Singapore and Patpicha Tanakasempipat in Bangkok; Editing by Michael Perry and Sam Holmes)

Source: OANN

0 0

US Debt Unsustainable

Month after month, the Trump administration runs multi-billion dollar deficits. The national debt has ballooned to over $22 trillion. According to the most recent Treasury Report, the US has a net worth of negative $21.5 trillion. And this understates the problem.

As Wolf Richter of WolfStreet puts it, the US government has “debt out the wazoo.”

Is this sustainable?

In a recent WolfStreet report, Wolf analyzes the debt, who is buying it and why.

Wolf points out that few countries are in worse fiscal shape than the US. America is in the same situation as countries like Japan, Greece and Italy.

The US and Japan have one advantage over Greece, Italy and some other nations because they control their own currency. That means their central banks can simply print money to buy government debt.

The Bank of Japan continues to monetize its government’s debt, but over the last year, the Federal Reserve has not been buying US Treasurys. This may change soon with the end of the Fed’s balance sheet reduction program, but currently, the central bank is not propping up America’s spending binge. So, who is buying all of this debt?

And why?

Foreign investors hold $6.4 trillion in US Treasury debt. China and Japan rank as the largest foreign holders.

The Fed holds about $2.1 trillion in US debt.

US investors and institutions hold about 7.7 trillion – by far the largest category.

US government entities, such as pension funds and the Social Security Trust Fund hold nearly $6 trillion in Treasurys. Some argue this is money “we owe ourselves” so it cancels out. Wolf called this baloney.

“This money is owed to those beneficiaries and it doesn’t cancel out. It is a real debt that the US government owes and it has to pay.”

China’s holdings of US Treasurys are down about $46 billion from a year ago. In total, China and Japan’s combined hold about 10% of US debt. That’s down from a little over 11% in 2017.

Over the last 12 months, foreign investors added about $164 billion in US debt as the Federal Reserve shed around $250 billion. US government entities added $160 billion in Treasury holdings. That totals a net increase of $45 billion.

That means that US investors have taken on the bulk of US government debt – in the neighborhood of $1.2 trillion over the last 12 months.

Wolf points out that banks are aggressively trying to attract depositors and are competing with the federal government which has to fund its deficits. With interest rates so low, US bonds are actually an attractive place to stash cash.

“Two-point-four percent 20 years ago would have been a ludicrously low amount of interest to be attractive, but these days are not normal and 2.4% is a fairly attractive number.”

(Photo by Tyler Merbler / Flickr)

On top of that, there is a great deal of dividend risk in the stock market with so many companies overvalued. Wolf points to GE as one example of a company that has slashed dividends to close to zero.

Wolf says that the trillions of dollars of additional Treasurys the US government is throwing on the market just doesn’t seem to matter to US investors – at least at this moment.

The $64,000 question is how long can this last?

It doesn’t seem like a sustainable scenario. Right now, things appear pretty rosy. It’s a primrose path of debt, that while perhaps troubling on a theoretical level, isn’t really having any actual impact on the economy. But it seems likely at some point the oversupply of Treasurys will begin to swamp demand. When that happens, the US government will have a real problem.

Who will take up the slack?

If you look at who owns US debt, there is really only one viable option – the Federal Reserve. Practically speaking, this means more quantitative easing.

If demand for Treasurys starts to fall, that will push interest rates higher. This is a simple supply and demand function. The Fed will then face two choices.

  1. Intervene with interest rates cuts and more QE. In other words more inflation.
  2. Do nothing and let interest rates spike.

No. 2 would not bode well for an economy built on debt. The Sovereign Man summed up the implications.

“Make no mistake: higher interest rates will have an enormous impact on just about EVERYTHING. Many major asset prices tend to fall when interest rates rise. Rising rates mean that it costs more money for companies to borrow, reducing their leverage and overall profitability. So stock prices typically fall. It’s also important to note that, over the last several years when interest rates were basically ZERO, companies borrowed vast sums of money at almost no cost to buy back their own stock. They were essentially using record low-interest rates to artificially inflate their share prices. Those days are rapidly coming to an end.”

The bottom line is that the US federal government is on an unsustainable path.


Patrick Casey, head of the American Identity Movement, joins Owen Shroyer live via Skype to discuss how his team planned and executed their infiltration into a drag queen story time event.

Source: InfoWars

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist