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Erdogan: Istanbul's Hagia Sophia could be turned into mosque

Turkish President Recep Tayyip Erdogan says Istanbul's Hagia Sophia — a Byzantine-era cathedral that was turned into a mosque and now serves as a museum — could be reconverted into a mosque.

Erdogan spoke during a television interview Sunday ahead of Turkey's March 31 local elections.

The former Byzantine cathedral was converted into a mosque after the Ottoman conquest of Istanbul in 1453. Turkey's secular founder turned the structure into a museum in 1935 that attracts millions of tourists each year.

There have been increasing calls for the government to convert the symbolic structure back into a mosque, especially following reports that the gunman who killed Muslim worshippers in New Zealand left a manifesto saying the Hagia Sophia would be "free of minarets."

Source: Fox News World

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Shares in Deutsche, Commerzbank rise on merger speculation

FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt
FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo

March 11, 2019

FRANKFURT (Reuters) – Markets welcomed the prospect of a merger between Deutsche Bank and Commerzbank on Monday with shares in both lenders trading higher following reports that Germany’s largest banks are exploring the feasibility of a merger.

Germany’s Welt am Sonntag newspaper was the first to report on the early stage merger talks, and said Berlin politicians expect a decision in the coming weeks.

Deutsche Bank agreed to hold tentative talks with Commerzbank, a person with knowledge of the matter told Reuters on Saturday.

Deutsche and Commerzbank declined to comment on the prospects of a merger.

Deutsche Bank shares were up 1.6 percent higher while Commerzbank shares were 4.3 percent higher at 0820 GMT, outperforming Germany’s blue-chip DAX index which was 0.4 percent higher.

Proponents of a merger say that a tie-up would give a combined entity — which would have an equity market value of more than 24 billion euros ($27 billion) based on Friday’s closing share prices — a 20 percent share of the German retail banking market.

(Reporting by Edward Taylor; Editing by Keith Weir)

Source: OANN

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APNewsBreak: Police say Salvadoran suspect killed for meth

A detective says a Salvadoran immigrant charged with four Nevada murders told police he robbed and killed his elderly victims during a 10-day rampage in January because he needed money to buy methamphetamine.

The detective told the grand jury, which indicted Wilber Ernesto Martinez-Guzman in Reno last week, the 20-year-old who is living in the U.S. illegally broke into tears and repeatedly called himself an "idiot" before confessing to the murders during an interrogation hours after his arrest in Carson City on Jan. 19.

According to the grand jury transcript obtained by The Associated Press, Washoe County Sheriff's Detective Stefanie Brady testified March 13 that Martinez-Guzman initially denied any wrongdoing and was smiling and giggling during some of the questioning.

But after she confronted him with several contradictions in his story during a nearly three-hour interrogation, he said through a Spanish interpreter he had "done something that's unforgiveable."

She says he told her he shot the victims "because of the drugs."

"He said he needed the money for the meth and it was the meth," Brady testified, according to the 268-page transcript filed late Tuesday in Washoe District Court.

The grand jury indicted Martinez-Guzman last week on four counts of murder with the use of a deadly weapon, three counts of burglary while in possession of a firearm and one count each of burglary, burglary while gaining possession of a firearm and possession of a stolen firearm.

A not guilty plea was entered on his behalf during an arraignment Tuesday. His trial isn't scheduled to begin until April 2020.

His public defense attorney, John Arrascada, said in an email to AP he didn't receive the grand jury transcript until Wednesday, was reviewing it and had no immediate comment.

Federal officials have said Martinez-Guzman is in the U.S. illegally but they don't know how or when he crossed the border.

The case has drawn the attention of President Donald Trump, who says it shows the need for a border wall.

District Attorneys Chris Hicks of Washoe County and Mark Jackson of Douglas County announced last week they are seeking the death penalty but that Martinez-Guzman's immigration status had nothing to do with that decision.

The four slaying victims include Gerald David, 81, and his 80-year-old wife, Sharon David, a prominent Reno Rodeo Association couple who had employed Martinez-Guzman as a landscaper last summer at their house where they were found dead Jan. 16.

Police say they were shot with a .22-caliber handgun that Martinez-Guzman stole from them earlier.

Court documents allege that Martinez-Guzman's DNA was found on the same gun that was also used to kill Connie Koontz and Sophia Renken in their homes in Gardnerville south of Carson City.

Detective Brady told the grand jury that Martinez-Guzman was "engaging" and made "lots of eye contact" during the early stages of the interrogation at the Carson City sheriff's office.

"He smiled, kind of giggled through some of the questions. But he was very engaged in the conversation," she said.

After she read him his Miranda rights, "he actually acknowledged that he was fine not having an attorney because he hadn't done anything wrong," she said.

He indicated he had buried "a bunch of stuff" that he found by a river in Carson City. But when she confronted him about several contradictions, his answers became slower, his body posture was more slumped and he started touching his face uncontrollably.

When she asked him about some fishing poles that had been stolen from the Davids, "there was a really long pause. And at that point, he had dropped his head and began to cry with long deep breaths."

"He talked about how he was an idiot. He repeated that several times," Brady testified. "He talked about how he had done something that's unforgiveable."

"He said ... something about if he tells me what he did, it's not going to bring back the people that he shot," she said, and then shortly after that blamed the killings on his need for money to buy drugs.

She said he initially denied he killed Renken, but ultimately acknowledged he shot her too.

Source: Fox News National

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Japan’s MUFG considers scaling back overseas markets division: sources

FILE PHOTO: A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo
FILE PHOTO: A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File Photo

April 9, 2019

TOKYO (Reuters) – Mitsubishi UFJ Financial Group is considering scaling back its bond and equity sales and trading operations in London and New York, as part of a broader restructuring of its global markets division, two sources said on Tuesday.

MUFG, Japan’s biggest bank by assets, will also overhaul its Japanese equity business at home and overseas. The move comes after Japanese brokerage Nomura Holdings last week said it would cut $1 billion in costs from its wholesale business and shut domestic retail branches.

MUFG has yet to finalize the plans, the sources said, declining to be identified because the information was not yet public. The size of the likely reductions was not clear. It was also not clear how many people were employed in the those divisions.

A representative for MUFG said the bank was progressing in its structural reform plans, but declined to comment further.

(Reporting by Taro Fuse; Writing by David Dolan; Editing by Kirsten Donovan)

Source: OANN

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Thousands flee Tripoli homes as battle rages on outskirts

A member of Misrata forces, under the protection of Tripoli's forces, takes his position near a military camp in Tripoli
A member of Misrata forces, under the protection of Tripoli's forces, takes his position near a military camp in Tripoli, Libya April 9, 2019. REUTERS/Hani Amara

April 10, 2019

By Ahmed Elumami

TRIPOLI (Reuters) – Eastern forces and troops loyal to the Tripoli government fought on the outskirts of Libya’s capital on Wednesday as thousands of residents fled from the battle.

The Libyan National Army (LNA) forces of eastern commander Khalifa Haftar held positions in the suburbs about 11 km (7 miles) south of the center, with steel containers and pickups with mounted machine-guns blocking their way into the city.

Residents reported LNA planes buzzing Tripoli and the sound of clashes in outskirts. Haftar’s forces were engaging Prime Minister Fayez al-Serraj’s fighters at the former international airport, one soldier told Reuters.

The United Nations said at least 4,500 Tripoli residents had been displaced, most moving away from their homes in conflict areas to safer districts of the city. Many more were trapped, it said.

The LNA forces moved out of their stronghold in east Libya to take the sparsely-populated but oil-rich south earlier this year, before heading a week ago toward Tripoli, where the internationally-recognized government of sits.

Libya has been split into rival eastern and western administrations since the 2011 topping of former strongman Muammar Gaddafi. He ruled for more than four decades before falling in a Western-backed revolt.

Since then, political and armed factions have vied for power and control of Libya’s oil wealth, and the country split into rival eastern and western administrations linked to shifting military alliances after a battle for Tripoli in 2014.

The United Nations wants to bring both sides together to plan an election and way out of the chaos.

“I JUST WANT TO SURVIVE”

Its humanitarian agency the OCHA said it was extremely concerned about the “disproportionate and indiscriminate use” of explosive weapons in densely-populated areas.

Half a million children were at risk, it added.

As well as the humanitarian consequences, renewed conflict in Libya threatens to disrupt oil supplies, boost migration across the Mediterranean to Europe, scupper the U.N. peace plan, and encourage militants to exploit the chaos.

Islamic State killed three people in a remote desert town under LNA control two days ago.

In Tripoli, nearly 50 people have died, mainly fighters but also some civilians including two doctors, according to latest U.N. casualty estimates. The toll is expected to rise.

Several thousand migrants, detained after trying to use Libya as a staging-point for crossing the Mediterranean to Europe, have also been caught up in the crisis.

The U.N. refugee agency UNHCR said on Tuesday it had relocated more than 150 of them – among several thousand in total – from one detention center in south Tripoli to a facility of its own in a safe zone.

One official at that detention center said he flung open the doors on Wednesday and released another 150 migrants for their own safety due to the proximity of clashes.

The United Nations, United States, European Union and G7 bloc have appealed for a ceasefire, a return to the U.N. peace plan, and a halt to Haftar’s push.

Opponents cast him as a would-be dictator in the mould of Gaddafi, though Haftar projects himself as a champion against extremism pushing to restore order to Libya.

Haftar was among officers who helped Gaddafi rise to power in 1969 but fell out with him during a war with Chad in the 1980s. He was taken prisoner by the Chadians, rescued by the CIA, and lived for about 20 years in Virginia before returning in 2011 to join other rebels in the uprising against Gaddafi

Despite the flare-up in conflict, normal life was just about continuing in Tripoli, a city of roughly 1.2 million people, though prices were rising and businesses are closing earlier than usual, residents said.

“I don’t care who wins or loses, I just want to survive with my family,” said a teacher in Tripoli, who hoped to get out.

(Additional reporting by Aidan Lewis i Cairo; Writing by Andrew Cawthorne; Editing by Angus MacSwan)

Source: OANN

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Fed Policies Distort Market, Create Bubbles, Debt

How are all of these unprofitable companies staying afloat and even making big splashes with media-hyped IPOs?

Peter Schiff addressed this question, along with the supposed “failure” of capitalism in his most recent podcast.

The rideshare company Lyft had its lowest close since going public yesterday (April 9). In fact, the company has only closed above its IPO price twice – the day it went public and last Friday. This probably shouldn’t shock anybody, given that the company has never turned a profit.

Meanwhile, social media company Pinterest is gearing up for its IPO with a lot of media hype. The company has been around since 2010. It’s never made any money either.

Peter asked a poignant question. What makes people think these companies will ever make any money?

“[Pinterest] has been around for 10 years. If they haven’t figured out how to make a profit yet, are they ever going to do it? Because at least in the frenzy of the dot-com mania, people were saying, ‘Look, the company hasn’t made a profit yet because it’s only been around for a year. But don’t worry because it’s got all of this explosive growth.’ You know, ‘We’re grabbing eyeballs,’ or whatever it was. But people were willing to bet the companies would eventually be profitable, and they didn’t have a lot of data to go on because the companies hadn’t even been in existence for very long before they were going public. It was a rush to the market. But now that you’ve got these companies that have been going on for 10 years — I mean, they’ve had 10 years at Pinterest to try to figure out how to make a profit and they haven’t done it.”

But as Peter pointed out, because of the easy-money policies of the Federal Reserve and the resulting availability of cheap capital, companies have been able to continue to operate even though they don’t make any money.

“A lot of companies are able to attract funding and stay in business that under a normal free market system – a capitalist system – they would have gone bankrupt.”

This is one of the unseen impacts of central bank monetary policy. It distorts the market.

(Photo by skeeze / pixabay)

Consider Pinterest. The company has a lot of employees. It consumes a lot of resources to operate its website – land, labor and capital. These are resources that could be put to some other use if they weren’t being consumed by Pinterest. So, how do you know whether these resources being put to their best use? In a capitalist system, profits provide that information. Profits signal that resources are being well-used. The lack of a profit tells us these resources are not being put to good use. If the lack of profit persists, the company goes under and frees up those resources for better uses.

As Peter put it, if a company can combine resources to produce a product and then sell it at a higher price then the resources that it consumed, it is adding value to the economy. The consumer gets more enjoyment out of that product then the resources consumed in producing it.

“You see, resources are scarce, but demand is unlimited. And the idea behind an economy is how to satisfy unlimited demand with limited resources. And resources that are utilized for one purpose are not available for another purpose. And if a company though is losing money, then the market is basically saying, ‘Hey, you’re destroying value. You’re creating products, but your customers don’t even value those products as much as the resources were worth that you used to make them.’”

If a company is creating value, it is rewarded with profits. If it is destroying value, it is punished by losses.

The Federal Reserve and its manipulation of the monetary system short-circuits this process. You end up with a misallocation of recourses and all kinds of asset bubbles — not to mention piles of debt.

Back to Pinterest:

“I think that if during these 10 years we had normal interest rates, if the Fed was not keeping interest rates artificially low, Pinterest would already be profitable right now, or they would be out of business … The Fed has been able to keep this company and a lot of other companies in business. And all of this gambling mentality where people are willing to buy money-losing companies is only there because of the casino-like mentality that has been created by the Federal Reserve and the perpetual supply of cheap money.”

Simply put – capitalism isn’t the problem. It’s government and central bank intervention that has failed us.

In this podcast, Peter goes on to break down comments by Ray Dalio about the supposed “failure” of capitalism.


Owen Shroyer presents a local news report from the Williamsburg neighborhood in Brooklyn, New York, where a “tight knit” community of Orthodox Jews are being forced to vaccinate with the measles. Is the U.S. government conducting, yet again, secret medical experiments on their own people?

Source: InfoWars

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Trump signs decree recognizing Israeli sovereignty over Golan Heights

U.S. President Trump welcomes Israel's Prime Minister Netanyahu at the White House in Washington
U.S. President Donald Trump gestures next to Israel's Prime Minister Benjamin Netanyahu during a ceremony to sign a proclamation recognizing Israel's sovereignty over the Golan Heights in the Diplomatic Reception Room at the White House in Washington, U.S., March 25, 2019. REUTERS/Carlos Barria

March 25, 2019

WASHINGTON (Reuters) – President Donald Trump signed a decree on Monday at the start of a meeting with Israeli Prime Minister Benjamin Netanyahu saying the United States recognizes Israeli sovereignty over the Golan Heights, territory that Israel seized from Syria in the 1967 Middle East war.

The decree formalized Trump’s statement on March 21 saying it was time for the United States “to fully recognize” Israeli sovereignty over the Golan. The move appeared to give Netanyahu a boost ahead of the closely contested April 9 Israeli elections.

(Reporting by Jeff Mason; Writing by David Alexander; Editing by Tim Ahmann)

Source: OANN

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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