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Weak February U.S. retail sales underscore slowing economy

FILE PHOTO: People shop at Macy's Department store in New York
FILE PHOTO: People shop at Macy's Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo

April 1, 2019

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from $1.5 trillion in tax cuts and increased government spending fades.

The weak report from the Commerce Department on Monday joined a raft of other soft data, including housing starts and manufacturing production that have left economists anticipating a sharp slowdown in growth in the first quarter.

The loss of economic momentum also reflects higher interest rates, slowing global growth, Washington’s trade war with China and uncertainty over Britain’s departure from the European Union. These factors contributed to the Federal Reserve’s decision last month to abruptly end its three-year campaign to tighten monetary policy.

The U.S. central bank abandoned projections for any interest rate hikes this year after increasing borrowing costs four times in 2018.

Retail sales dropped 0.2 percent as households cut back on purchases of furniture, clothing, food and electronics and appliances, as well as building materials and gardening equipment. Data for January was revised higher to show retail sales increasing 0.7 percent instead of gaining 0.2 percent as previously reported.

Economists polled by Reuters had forecast retail sales rising 0.3 percent in February. Retail sales in February advanced 2.2 percent from a year ago.

The surprise drop in sales in February could partly reflect delays in processing tax refunds in the middle of the month. Tax refunds have also been smaller on average compared to prior years following the revamping of the tax code in January 2018. Cold and wet weather could also have hurt sales.

The February retail sales report was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25. March’s retail sales report, which was scheduled for publication on April 16, will be released on April 18.

The dollar slipped against a basket of currencies after the report. U.S. Treasury prices pared losses.

BROAD WEAKNESS

Excluding automobiles, gasoline, building materials and food services, retail sales fell 0.2 percent in February after an upwardly revised 1.7 percent surge in January. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.

They were previously reported to have rebounded 1.1 percent in January. Consumer spending accounts for more than two-thirds of economic activity. The sharp upward revision to core retail sales in January was insufficient to reverse December’s more than 2.0 percent plunge, leaving expectations for tepid GDP growth in the first quarter intact.

Growth estimates for the January-March quarter are as low as a 0.8 percent annualized rate. The economy grew at a 2.2 percent rate in the fourth quarter after expanding at a 3.4 percent clip in the July-September period.

In February, sales at building materials and garden equipment and supplies dealers tumbled 4.4 percent, the biggest drop since April 2012. Receipts at clothing stores fell 0.4 percent and those at furniture outlets dropped 0.5 percent.

Sales at food and beverage stores declined 1.2 percent, the biggest drop since February 2009. Receipts at electronics and appliances stores fell 1.3 percent, the largest decline since May 2017.

But consumers bought more motor vehicles, with sales at auto dealerships rebounding 0.7 percent after declining 1.9 percent in January. Households also spent more at service stations, likely reflecting higher gasoline prices.

Online and mail-order retail sales rose 0.9 percent. Sales at restaurants and bars edged up 0.1 percent and spending at hobby, musical instrument and book stores increased 0.5 percent.

(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

Source: OANN

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Juror’s job interview means late start at ex-cop’s trial

The trial of a former Minneapolis police officer charged in the fatal shooting of an unarmed woman took a brief pause as the judge sought to help out an unemployed juror.

Hennepin County Judge Kathryn Quaintance scheduled court to start two hours late on Thursday in the trial of Mohamed Noor. Noor killed Justine Ruszczyk Damond when the dual citizen of the U.S. and Australia approached his squad car minutes after dialing 911 to report a possible sexual assault in the alley behind her home. Noor is charged with murder and manslaughter.

Quaintance said she was accommodating a juror's job interview that could not be broken.

One of the women chosen for the jury revealed during jury selection that she had lost her job in March.

___

Check out the AP's complete coverage of Mohamed Noor's trial.

Source: Fox News National

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CBS Sports Chief on Tiger Woods’ Masters Win: ‘You Live for Moments Like This’

Tiger Woods' impressive comeback victory on Sunday at the Masters golf tournament was surely a gift for CBS Sports.

Despite his lack of major wins in recent years, Woods' remains the biggest draw in golf when it comes to TV ratings. CBS Sports chief Sean McManus said the combination of his underdog status and the closeness of the match right up until the last hole should translate to Nielsen gold for the Eye when the overnights roll in on Monday.

"When you're in this business, you live for moments and events like this. They're few and far between," McManus told Variety in a telephone interview from Augusta National Golf Club in Augusta, Ga. He praised the work of the CBS Sports production team on the ground and in the booth for complementing the compelling work on the course by Woods and other players.

CBS Sports carefully drawn plan for covering the event was shuffled early Sunday when the final day of the tournament began hours earlier than planned -- at about 9 a.m. ET rather than 2 p.m. ET as planned -- because of the threat of a rain storm on the horizon.

"With something that is so historic in nature, when your team steps up in the way we did today, it's a feeling of pride and exhilaration and satisfaction," McManus said. "It's a great day for Augusta National, a great day for golf and a great day for CBS Sports."

McManus noted that the presence of Woods near the top of the leaderboard is typically worth a triple-digit boost to ratings. "He really has an effect unlike any other player," McManus said. Already, CBS' coverage of Saturday's third-round was up 5% from the comparable day last year. Woods' win makes him second only to the legendary Jack Nicklaus in total Masters' wins, with five to Nicklaus' six. Woods' most recently took home to a green jacket from Augusta in 2005.

McManus said he was particularly pleased that in the moment when Woods' sealed his win, and minutes later when Woods embraced his children on the sidelines, the CBS Sports in-studio team led by Jim Nantz let the pictures do the talking.

"I give our announcers a lot of credit for letting those scenes play out with no commentary," McManus said.

Source: NewsMax America

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Sweden: No Prison, Deportation For Migrant Convicted of Robbery, Attempted Rape

An Eritrean migrant convicted of three separate crimes in Sweden, including robbery and attempted rape, will face no prison time or deportation, according to local media.

In the span of three weeks during March, 2018, the man carried out a robbery, an attempted rape, and an assault on Swedish victims ranging from 13 to 17-years-old.

"The African was officially 18-years-old when he committed the three serious crimes in the same month," Fria Tider reports. "He also lacks Swedish citizenship and has his family in Eritrea."

"All persons who have fallen victim to the man's deeds are Swedes."

The Eritrean violently attacked a 17-year-old girl at a party, tearing her clothes during a sexual assault, and stealing her cell phone when she tried to phone for help.

After the victim's eventual escape, her parents reported the incident to police.

Subsequently, the migrant reportedly spread rumors that he had "f**ked" the girl and his friends "persecuted" her to such a degree that she was forced to move from the city of Gothenburg.

A day after the attempted rape, the Eritrean and three accomplices attacked and robbed a pair victims, aged 13 and 14, threatening to "break all the bones" in their bodies if they didn't hand over their valuables.

Photos: Swedish Police

The Eritrean was eventually arrested on three separate occasions, however prosecutors have reportedly not pushed for deportation and the courts have opted to sentence him lightly, citing provisions afforded to 'child refugees' who arrive in Sweden at a young age, despite him being at least 18 at the time of the crimes.

"On March 11, 2019, the Gothenburg District Court announced the latest verdict," Fria Tider reports. "The African is sentenced for attempted rape. The punishment became probation 'with a special treatment plan. If prison had instead been chosen as a penalty, prison would have been sentenced for 6 months,' writes the district court. He will also pay SEK 52,500 (~$5,600) in damages to the girl."

Could the fire at Notre Dame cathedral signal the grand finale of the Islamic takeover of France?

(PHOTO: Suwannar Kawila / Getty Image)

Source: InfoWars

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APNewsBreak: Ex-governor pardoned late mentor's grandson

Documents obtained by The Associated Press show former Maine Gov. Paul LePage pardoned his late mentor's grandson and people convicted of everything from drug trafficking to embezzlement.

The state released the list of 112 people who were pardoned in response to a request by the AP made under the state's Freedom of Access Act. The state had previously confirmed only one name.

Past Maine governors routinely released the names of individuals pardoned in high-profile cases. But the secretary of state's office this year said a 2017 change in state law prevented the release of pardons made by LePage, a Republican.

The state has since reversed course. Democratic Gov. Janet Mills signed a March 15 executive order allowing for pardons to be made public.

A message was left seeking comment from representatives for LePage, who left office in January.

Source: Fox News National

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Ex-Trump lawyer Cohen gave prosecutors information on Trump family business: NYT

FILE PHOTO: FILE PHOTO: Michael Cohen, U.S. President Donald Trump's former lawyer, arrives for his sentencing at United States Court house in the Manhattan
FILE PHOTO: Michael Cohen, U.S. President Donald Trump's former lawyer, arrives for his sentencing at United States Court house in the Manhattan borough of New York City, New York, U.S., December 12, 2018. REUTERS/Jeenah Moon/File Photo/File Photo

February 22, 2019

(Reuters) – U.S. President Donald Trump’s former personal lawyer Michael Cohen met last month with federal prosecutors in Manhattan and provided information about potential irregularities in the Trump family business, the New York Times reported on Friday.

The newspaper, citing people familiar with the matter, said prosecutors in the Southern District of New York also asked Cohen questions about Imaad Zuberi, a venture capitalist and donor to the president’s inaugural committee.

Cohen, a former employee at the Trump Organization, provided the prosecutors with information about insurance claims filed by the company over the years, the New York Times reported. There was no indication that Cohen implicated Trump in the possible irregularities, the newspaper said.

James Margolin, a spokesman for the U.S. Attorney in Manhattan, declined comment. Amanda Miller, a spokeswoman for the Trump Organization, did not immediately respond to requests for comment. Cohen did not reply to a request for comment.

The meeting with Cohen indicates prosecutors are interested in matters at the Trump Organization that go beyond its role in the illegal hush payments before the 2016 presidential election made to women who claimed to have had affairs with Trump, the New York Times said.

Cohen pleaded guilty to arranging the payments in violation of campaign finance laws and other crimes last year in the same district. He is due to start a three-year prison term in May.

Cohen was also asked by the prosecutors about Zuberi, who tried to hire Cohen as a consultant around the same time he contributed $900,000 to Trump’s inaugural committee, the New York Times reported.

Zuberi wrote Cohen a $100,000 check but the check was not cashed, the newspaper reported.

Steve Rabinowitz, a spokesman for Zuberi, did not immediately respond to a request for comment.

(Reporting by Nathan Layne and Karen Freifeld in New York; editing by Grant McCool)

Source: OANN

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War Room – 2019-Feb-25, Tuesday – Censorship Alert! Social Media Getting Prepared To Ban Political Speech

Less than 24 hours after Owen Shroyer made a Facebook page he was banned and no longer aloud to post or use Facebook. Meanwhile, the Vatican continues to cover up mass sexual abuse happening inside the Catholic church. More hate crime hoaxes exposed on the left while real hate crimes are ignored against Trump supporters.

GUEST // (OTP/Skype) // TOPICS:
Ali Alexander//Skype
Deanna Lorraine//Skype
Doug Hagmann//Skype
Leo Zagami//Skype

Source: The War Room

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

SUBSCRIBE TO HOWIE’S MEDIA BUZZMETER PODCAST, A RIFF OF THE DAY’S HOTTEST STORIES

Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

CLICK HERE TO GET THE FOX NEWS APP

Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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