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War Room – 2019-Feb-21, Thursday – Exclusive: Feds Investigating Top Dems Running Jussie Smollett Hoax

Rob Dew joins the War Room to discuss the Jussie Smollett hoax which has totally imploded. He is joined by UK broadcaster Jon Gaunt to talk about Brexit and the repatriation of ISIS fighters. Rob also exposes the slave owning racist family roots of Kamala Harris and finally, he is joined by Darrell Hamamoto to talk about the mental programming being done by Netflix.

Source: The War Room

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Another make-or-break week for Europe?

FILE PHOTO: An anti-Brexit protester is seen among EU flags outside the Houses of Parliament in London
FILE PHOTO: An anti-Brexit protester is seen among EU flags, as Brexit wrangles continue, outside the Houses of Parliament in London, Britain, April 4, 2019. REUTERS/Henry Nicholls/File Photo

April 5, 2019

By Balazs Koranyi

FRANKFURT (Reuters) – Europe is facing yet another make-or-break week.

With an emergency EU summit over Brexit and an ECB policy meeting on the agenda, officials will be under pressure to take decisive steps to soothe concerns ahead of a set-piece gathering of the global financial elite in Washington.

But the temptation will be great to stick with the bloc’s rich tradition of just kicking the can down the road.

The deadline for Britain to leave the EU, seen as set in stone just days ago, is again in flux as both sides are openly discussing an extension, even if that means Britain must cross another red line by participating in May’s European elections.

The apparent softening of British Prime Minister Theresa May’s position suggests the end game is far from imminent.

Another EU summit muddle would, however, keep economic uncertainty at fever pitch, weighing on sentiment that is already dragging down growth across Europe and raising recession fears.

A long extension – and taking part in EU elections – also carries the risk of a Conservative Party mutiny, which could force an already weakened May out.

“Such leadership changes are always unpredictable and, in this instance could be brutal, with more centrist elements of the party struggling against a membership whose views on Brexit are increasingly hardline,” JP Morgan economic Malcolm Barr said.

But blurring the red lines suggests Britain is keen to avoid the most damaging of all outcomes – a hard Brexit.

For the EU, a longer extension also carries the benefit that Britain’s departure would not occur during the crucial month of the election campaign, which will determine who leads both the EU and, after Mario Draghi’s term ends this autumn, the European Central Bank.

Taking a hard Brexit off the table would also allow British officials to put on a brave face at the IMF’s spring meeting in Washington starting on Friday, letting the gathering focus on broader trade issues.

NARROW PATH

Still, the delay solves little in itself.

Any concession by May to win votes on a deal from Britain’s opposition Labour Party is likely to lose her Conservative MPs.

That suggests the path to any majority outcome is quite narrow, keeping the chance of an eventual no-deal Brexit uncomfortably high.

“Despite the switch to a cross-party approach, the risk of an election remains high because the path toward a successful ‘meaningful vote’ is treacherous, due to the deep divisions

within both parties,” Andrew Goodwin at Oxford Economics said.

The cost of the Brexit saga is already tangible for the EU.

Global trade tensions are weighing even more heavily, and the steady flow of bad news is keeping investment and business sentiment in a negative spiral, depressing growth for the third straight quarter.

The ECB, the bloc’s first port of call in case of growth weakness, has already eased policy, exhausting much of its firepower during years of crisis fighting. More generally, central banks lack potent tools to offset imported economic troubles.

Having already delayed a rate hike, the ECB will sit on the sidelines for now, while economists expect more easing later in the year.

“Since the main refinancing rate is already at zero percent, such easing is likely to amount to further unconventional measures,” Commerzbank said.

“We therefore expect the ECB to decide in the autumn …to promise unchanged key rates …until the end of 2020,” it added.

(Reporting by Balazs Koranyi; editing by John Stonestreet)

Source: OANN

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UK marketing spending rises despite Brexit, uncertainty clouds forecast: survey

FILE PHOTO: The Canary Wharf financial district is seen at dusk in London
FILE PHOTO: The Canary Wharf financial district is seen at dusk in London, Britain, March 26, 2019. REUTERS/Marika Kochiashvili/File Photo

April 16, 2019

(Reuters) – British companies spent more on marketing in the opening quarter of 2019 despite uncertainty around Brexit, but their budgets for the rest of the year could be the most subdued since after the financial crisis, a survey showed.

The IPA Bellwether survey, conducted by IHS Markit, showed on Wednesday that 21.6 percent of marketing executives raised their budgets during the quarter, while just under 12.8 percent of executives who took part in the survey cut their marketing budgets.

“This sharp increase following Q4 2018’s flatlining signals that UK marketing budgets have received a much-needed kiss of life in an economy gripped by Brexit uncertainty,” IPA Director General Paul Bainsfair said.

Bainsfair, however, added that the forecast for the year ahead was uncertain given the seemingly endless negotiations around Britain’s exit from the European Union.

The report showed that cautious undertones were still apparent in budget plans for the current financial year, with panelists providing only modest growth expectations in available marketing spend.

Brexit was postponed by a late-night agreement in Brussels last week that gave Prime Minister Theresa May until Oct. 31 to persuade parliament to approve the terms of the country’s departure.

“A return to growth in marketing budgets during the opening quarter of 2019 may come as a surprise given that the uncertainty that shrouds the UK political and economic climate has only built further,” said Joe Hayes, economist at IHS Markit.

A six-year run of marketing spending growth at British companies ended in the final quarter of 2018 as uncertainty over Brexit led companies to clamp down on costs.

While Brexit uncertainty continued to prompt belt tightening and a delay in decision-making, some companies pushed resources into their brands in the first quarter, the report showed.

The survey found that the best performing category was internet with its net balance seen at a growth of 17.2 percent in the quarter.

The rise in marketing spend was supported by demand for big ticket advertising campaigns such as those on TV and radio. The survey also flagged that marketing executives expect further growth in traditional media advertising through the year.

Around 300 UK marketing professionals, primarily from Britain’s top 1,000 companies and across all key business sectors, were interviewed for the survey.

(Reporting by Samantha Machado and Noor Zainab Hussain in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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Trump on FBN: President reveals his 'dream' 2020 rival, says Dems becoming 'radicalized'

President Trump, in an extensive interview with Fox Business Network's Maria Bartiromo, accused Democrats embracing ideas like court-packing and the Green New Deal of becoming "radicalized" -- while voicing confidence as he sized up the ever-expanding field of potential 2020 opponents.

The president mocked the Democratic contenders for “saying a lot of weird things,” calling the Green New Deal “the most preposterous thing” and blasting Beto O’Rourke’s idea of taking down sections of border wall.

TRUMP AMASSING HUGE WAR CHEST FOR 2020

But asked which candidate in the massive field he'd truly like to run against in 2020, Trump threw out a few names:

"I mean, I’d love to have [Joe] Biden. I’d love to have Bernie [Sanders], I’d love to have Beto," he said, adding: "I mean, Beto seems to be the one the press has chosen. The press seems to have chosen Beto. ... When I watch Beto, I say we could dream about that."

The comments amount to an early read from the president on which candidates he'd delight in tarring on the campaign trail, with the field growing every week and increasingly running to the left on issues ranging from immigration to taxes.

In the same interview, Trump alleged "the Democrats actually are becoming a far left party, I mean, they’re becoming a radical party. You look at what they want to do with the Supreme Court. You look at what they want to do with the voting age. Where did that come all of the sudden? The voting age at 16 -- they're becoming radical. They are radicalized."

He was referring to calls by Democrats, including 2020 candidates, to stack more justices onto the Supreme Court and lower the voting age to 16.

Trump discussed a range of other hot-button issues, including the economy and his controversial criticism of the late Sen. John McCain that has led to rebukes from his own party.

Bartiromo began by pointing out that while the U.S. economy has grown under Trump’s administration, the rest of the world seems to be slowing. Asked how he would keep the momentum, Trump said trade deals made during his presidency will continue to be enforced and expressed high hopes for an impending trade deal with China. He added that that tariffs on Chinese imports have already brought in billions in additional revenue.

US, CHINA CLOSE IN ON TRADE DEAL THAT WOULD REMOVE SANCTIONS ON CHINESE PRODUCTS: REPORT

“[I]f you look at technology and the first $50 billion of goods, we want to keep that … because we need that.”

Trump also lavished praised on the U.S.-Mexico-Canada Agreement (USMCA) as a remedy to the North American Free Trade Agreement (NAFTA) -- or as he frequently calls it: “one of the worst deals I’ve ever seen.” He then blasted the European Union for what he regarded as a double standard. Countries like Germany, he said, are sending their cars virtually untaxed, while not accepting U.S.-made cars in return.

It’s hard to believe I won. If you think about it, I had Facebook, Google, Twitter, everybody against me ... the media is almost totally against me.

— President Donald Trump

“The numbers are just smaller by a lot -- but you know, we lost, over the course of the last five, six, seven years, $150 billion a year with European Union,” Trump said. “They don’t take our product. They tax us tremendously. They tariff us tremendously. Almost every country has taken advantage of the United States -- and we’re straightening it out.”

Trump appeared unconcerned that slapping tariffs on auto imports might disrupt the global economy, insisting that the “end game” is for companies to “build their plants in the United States” with no tariffs.

CNN PANEL MOCKS DEVIN NUNES, CONSERVATIVES' CLAIMS THAT TWITTER IS SHADOW-BANNING THEM AS 'CONSPIRATORIAL LIE'

The interview touched on social media’s alleged censorship of conservative voices, like Rep. Devin Nunes, who earlier this week opened a lawsuit against Twitter. Asked what regulation he would like to see imposed on social media companies, Trump said he hates “the concept of regulation on media,” but claimed apparent “collusion between Democrats.”

“It’s hard to believe I won,” he said. “If you think about it, I had Facebook, Google, Twitter, everybody against me.  I have -- the media is almost totally against me.  And yet I won. 306 to 223; people can’t even believe it. I won. Because I’m able to get the word out through my social media, because I have great social media -- but I’ll tell you, it’s much tougher than it should be.”

Though not having the same inclination as Sen. Elizabeth Warren to break up these tech companies, he criticized them for being stricter on conservatives than Democrats – who, he added, are becoming increasingly radicalized.

ARNOLD SCHWARZENEGGER CALLS DONALD TRUMP'S ATTACKS ON JOHN MCCAIN 'UNACCEPTABLE,' MOCKS PRESIDENT'S PHYSIQUE

Trump also addressed the heat he’s taken this week for criticizing McCain -- who died last August – during a speech to workers at an Army tank plant in Ohio, saying: “I never liked him much. I really probably never will."

Trump blasted McCain for voting against a bid to roll back ObamaCare, being involved in handing over the so-called Steele Dossier to the FBI, and supporting military intervention in Iraq.

“[W]hat he did to the Republican Party and to the nation and to sick people that could have had great health care, it’s not good. So I’m not a fan of John McCain, and that’s fine,” Trump said.

With the long-awaited Mueller report rumored to be wrapping up soon, Trump dismissed the notion that anything substantial would be revealed regarding supposed Russia collusion in the 2016 presidential election.

“If you look over the past two years, how many breaking news stories was there about me that turned out to be nonexistent?  So many of them,” he said.

Despite battling on multiple fronts, Trump was still optimistic that common ground could be reached with Democrats -- who he suggested appear more invested in infrastructure than Republicans.

“I like, frankly, owning our own roads, owning our bridges. I don’t like selling them to other countries,” he said, adding: “I think it’s very feasible because I think [Democrats] want to do it. I mean, Nancy Pelosi told me very strongly they want to do infrastructure.”

HUNDREDS OF ILLEGAL IMMIGRANTS RELEASED INTO US AMID OVERCROWDING AT DETENTION FACILITIES

He then shifted gears to immigration, which he derided as a “total disaster in this country.”

“We have laws that are so bad; people pouring in,” Trump said. He lavished praise on immigration officials but said that their working conditions would be remarkably improved with a wall – which he insisted he was committed to building.

“We’re building the wall and it’s going up fast, big, strong, looks good, not the horrible thing that they were building before I got here.  We’re building the wall now.  We’re going to have a lot of wall built pretty soon.  But if you don’t have that, you can’t have border security,” he said.

Source: Fox News Politics

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What to do When Your Bank Account Freezes

What would you do if the bank suddenly froze your account and you couldn’t access any of your money?

Perhaps this sounds a little farfetched, but it certainly isn’t unprecedented. In fact, Chinese customers of some Spanish banks recently faced this exact scenario.

Three of the country’s biggest lenders – BBVA, Caixabank and Bankia – froze accounts belong to Chinese residents of Spain for up to two weeks. These bank customers said they didn’t have access to their accounts for as long as three months. Some of the account holders were Spanish citizens.

The banks locked down the accounts under Spain’s anti-money laundering laws. BBVA reportedly froze some 5,000 accounts. According to a report on Wolf Street, many of those customers were Spanish born children of Chinese parents. They said they were not even warned their accounts were about to be frozen.


Victor from California asks, “After what Chase bank is doing to conservatives, should I close my account?”

Hundreds of Chinese residents took to the streets of Spain to protest the policy. Spain’s Association of Financial Users (ASUFIN) announced it would assist customers whose accounts were frozen with legal proceedings. ASUFIN President Patricia Suárez said, “These are normal people, without risky movements or suspicious operations. They are angry and have even protested, something quite unusual among the Chinese.”

All of this stems from a tightening of money-laundering laws in the wake of a 2017 scandal that ensnared several Spanish banks. According to Wolf Street, they were accused of laundering hundreds of millions of euros in illegal funds from tax fraud and smuggling by “Chinese criminal organizations.” The recent rash of frozen accounts appears to be a backlash from the scandal. According to a source quoted by Wolf Street, a spokesman for the Spanish banking association insisted that the rules are being applied regardless of nationality. “But since the law’s passage, most of the focus appears to have been on Chinese nationals. And many apparently innocent bank customers have been caught in the resulting trawl.”

This reveals how quickly things can go sideways when somebody else controls all of your money and why you should always have direct access to liquid assets. Barter metals are one option.

Just last fall, many Iranians turned to gold in the wake of massive currency devaluation. Iranians have traditionally saved gold coins for major purchases such as weddings, but they have had to gold for more mundane transactions. Some landlords started collecting rent in gold instead of rials.  As the Middle East Eye put it, “The downward spiral of the rial has led some landlords to try to safeguard their income by turning to gold.”

(Photo by Andrew Czap, Flickr)

Barter also spread through several European countries after irresponsible government spending led to a debt crisis and bailouts a few years ago. In 2012, Spain saw a noticeable increase in barter exchanges, as Spaniards sought alternative ways to do business with each other in an economy on the verge of a major debt crisis. Greeks also became fluent in barter and alternative means of trade when their financial system effectively collapsed in 2010. Greeks had their access to cash severely restricted during their country’s recent economic turmoil. It got so bad, a robust barter economy developed out of sheer necessity, as everyday Greeks had to find ways to cope with cash withdrawal limits and currency shortages.

Junk silver is an excellent way to hold barterable metal. The term refers to quarters, dimes, and half-dollars, minted before 1965. Actually, we should be calling modern coins junk because that’s about what they’re worth. Up until 1965, quarters and dimes were minted from 90% silver. That makes them perfect for buying basic goods during times of hyperinflation – or if banks start freezing accounts.

The bottom line is that you shouldn’t assume you will always have access to your money just because you have a bank account. You never know what might happen and you should always be prepared.


Satire footage of Alex Jones encountering Hillary Clinton on vacation.

Source: InfoWars

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Thai army chief sends warning to critics of the monarchy

Thailand's influential army chief has warned that the military will strongly fight any moves that threaten the country's system of a constitutional monarchy with the king as head of state.

At a news conference on Tuesday, Gen. Apirat Kongsompong appeared to be targeting intellectuals supporting the Future Forward Party, which according to preliminary figures ran a strong third in the March 24 general election.

Party co-founder Piyabutr Saenkanokkul used to be part of the Nitirat Group, legal scholars who had sought reforms in Thailand's lese majeste law, which carries stiff prison terms for people found guilty of defaming the monarchy.

There has been a strong online campaign since the election to discredit the Future Forward Party and its chief, Thananthorn Juangroongruangkit, with unsupported allegations that it opposes the monarchy.

Source: Fox News World

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German police arrest teen who says he planned shooting

German police have arrested an 18-year-old suspect who tried to buy a gun to carry out a shooting.

Authorities said Thursday the teenage male was arrested by a tactical weapons unit April 2 in Wiesbaden after officers lured him with a fake firearm.

The arrest followed a tip from "foreign law enforcement agencies" who warned German police that the teen wanted to buy a gun on the darknet — websites that are hidden from public view.

Police said there was evidence the suspect, a German-Iranian citizen, harbored "right-wing ideas" and may be suffering from mental illness. He told police he planned to kill people who were "mobbing" him.

In 2016, an 18-year-old of Iranian origin killed nine people and then himself in Munich using a gun bought on the darknet.

Source: Fox News World

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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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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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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