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Elizabeth Warren described as ‘diehard conservative’ in school

2020 presidential hopeful Sen. Elizabeth Warren, D-Mass., is known for her left-wing views on issues from health care-for-all to taxing the super-wealthy. But a new deep dive into the left-wing firebrand’s past finds that she was known as a “diehard conservative” in school.

Politico reports that, while Warren has acknowledged but downplayed her Republican past in public, a review of her scholarship and interviews with friends reveals that she has a hitherto unexplored “conservative track record” -- mainly on economic policy.

WARREN NOT WORRIED ABOUT POLLS: 'IT'S EARLY...I'M RUNNING THE CAMPAIGN THAT I WANT TO RUN'

“Liz was a diehard conservative in those days. … Now we’ve swapped — a 180-degree turn and an about-face,” Katrina Harry, one of Warren’s high school friends, told the outlet.

“Liz was sometimes surprisingly anti-consumer in her attitude,” law professor Calvin Johnson, a colleague of Warren’s at the University of Texas at Austin in the early 1980s, said of the future senator, who, decades later, would be credited as architect of the Consumer Financial Protection Bureau (CFPB.)

“She’s definitely changed. It’s absolutely clear that something happened,” said Rutgers law professor Gary Francione, another Warren colleague from the 1980s.

Politico reports that Warren first had a political conversion in the '80s when she traveled to bankruptcy courts and saw that Americans filing, far from being irresponsible as she'd imagined, actually resembled her own family.

But she reportedly moved to the left when she was recruited on a federal commission to reform the bankruptcy code in the mid-1990s, before losing that battle in 2005.

WARREN'S $6 MILLION FUNDRAISING HAUL FAR BEHIND SANDERS

“She really did have a ‘Road to Damascus’ conversion when she saw the bankrupt consumers really were suffering -- forced into bankruptcy by illness, firing or divorce—and not predators,” Johnson said.

“I realize nonpartisan just isn’t working,” Warren told Politico. “By then it’s clear: The only allies I have are in the Democratic Party, and it’s not even the majority of Democrats.”

Despite Warren’s conservative past, her left-wing credentials are not in doubt. In addition to supporting radical policies such as the Green New Deal and Medicare-for-all, Warren has distanced herself from the 2020 field by pushing a “wealth tax” for those with more than $50 million in assets.

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"The rich & powerful run Washington. Here’s one benefit they wrote for themselves: After making a killing from the economy they’ve rigged, they don't pay taxes on that accumulated wealth. It’s a system that’s rigged for the top if I ever saw one," she tweeted.

But should Warren secure the 2020 Democratic nomination, she wouldn’t be the only one on the ballot to have switched parties. President Trump donated to Democratic candidates in the past, and was registered as a Democrat between 2001 and 2009.

Source: Fox News Politics

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As stock sinks after Berenberg error, Atos alerts French markets watchdog

FILE PHOTO: People walk in front of the Atos company's logo during a presentation of the new Bull sequana supercomputer in Paris
FILE PHOTO: People walk in front of Atos company's logo during a presentation of the new Bull sequana supercomputer in Paris, France, REUTERS/Philippe Wojazer/File Photo

April 2, 2019

By Josephine Mason

LONDON (Reuters) – Atos said on Tuesday it has alerted the French markets regulator after Berenberg withdrew its downgrade of the software company’s stock, which briefly wiped almost 450 million euros ($503.42 million) off its market capitalization.

Analyst firm Berenberg on Tuesday issued a research note titled ‘Unleash the bears’, downgrading its rating on the stock to ‘sell’ and reducing its price target to 60 euro ($67) from 90 euro following Atos’ sale of its stake in Worldline.

Berenberg later retracted the note, saying in an email that it had contained an error in its valuation approach and instead analyst Georgios Kertsos placed the stock under review.

“Analyst firm Berenberg issued this morning an analyst note on Atos, which was immediately withdrawn after realizing it contained a material error,” Atos said on its website.

“This had a temporary impact on the stock price of Atos. The group has alerted the French Financial Markets Regulator (AMF).”

Berenberg, a private German bank based in Hamburg, declined to comment further and France’s AMF declined to comment.

A change in recommendation on a company’s stock can often influence the direction of its price. It’s not known how the mistake at Berenberg occurred, but such a retraction is rare.

“In all the years I have been trading, this is the first time that I have seen a retraction,” said one dealer.

Berenberg issued the retraction after being contacted by Atos’ financial and investor relations team about an error in the report, an Atos spokesman said. He would not disclose any further details.

The downgrade knocked 444 million euros off the French company’s market capitalization and sent its shares down almost 5 percent to 83.96 euros in early trading on Tuesday.

They recovered some ground after the retraction, but were still down 1.9 percent at 1514 GMT on the Paris bourse. The CAC 40 was up 0.2 percent.

With just under 775,000 shares traded, turnover in the stock was two-thirds higher than daily averages.

(Reporting by Josephine Mason, Thyagaraju Adinarayan and Helen Reid, additional reporting by Inti Landauro in PARIS; editing by Louise Heavens and Emelia Sithole-Matarise)

Source: OANN

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Trump would beat Sanders in 2020 matchup, says Obama campaign manager

Jim Messina, campaign manager for former President Barack Obama's successful re-election campaign, predicted that Sen. Bernie Sanders, I-Vt., would be unable to counter President Trump's economic messaging and would therefore lose in a 2020 electoral matchup.

"Bernie Sanders is unlikely going to be able to stand up to the constant barrage that is Donald Trump on economic issues," Messina said during the Powerhouse Politics podcast this week.

Messina contended that swing voters were "incredibly focused on the economy" and that winners of the last five presidential elections were those candidates who were able to "win" the economic argument with swing voters.

Sanders already leads the pack of declared, Democratic candidates in polling and fundraising but his poll numbers trail former Vice President Joe Biden, whom Messina campaigned for and is expected to announce his 2020 bid on Wednesday.

TREY GOWDY: MUELLER REPORT RELEASE 'RESOLVED NOTHING;' 2020 WILL DELIVER 'VERDICT'

He will enter a field already filled with more progressive candidates like Sens. Kamala Harris, D-Calif, Cory Booker, D-N.J., and Elizabeth Warren, D-Mass. Sanders, a self-described socialist, appeared to highlight progressives' growing prominence in the party when he came in second to former Democratic presidential nominee Hillary Clinton in 2016.

Multiple polls have shown both Biden and Sanders receiving more support than Trump for the 2020 general election.

Messina indicated, however, that the more progressive Sanders wasn't someone who could both grab swing voters and energize the base — a winning combo that he said former Presidents Bill Clinton, Barack Obama, and Jimmy Carter were able to achieve.

"You have to excite your base and turn out people, and you have to win swing voters. And we are going to look for a nominee who can do both," Messina said. "Today, you would say in a general election context, Bernie Sanders wouldn't be that candidate."

BERNIE SANDERS FAST FACTS: 5 THINGS TO KNOW ABOUT THE VERMONT SENATOR

The former campaign manager's comments came just as Karl Rove, who served as the chief strategist behind former President George W. Bush's 2000 electoral bid, speculated that Sanders had a shot at beating Trump.

Messina said that Sanders could win the Democratic nomination and be "the Donald Trump of 2020." While both Trump and Sanders have been described as populist alternatives to establishment candidates, the two would likely have a lot to debate about on the economy.

That could be tough for Sanders considering the numerous economic milestones — record-low unemployment, strong manufacturing growth, and surprisingly high gross domestic product — that Trump took credit for in the last two years.

Trump has attributed that economic success to his massive tax reform package, which Sanders vehemently opposed. Sanders has pushed a slew of progressive policies, including single-payer health care which set him and other progressives apart from their more moderate counterparts.

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According to Messina, the upcoming Democratic primary would provide a healthy debate between those two wings within the party.

"Overall, this is being cast as a kind of insurgent versus the machine campaign — I think that's wrong. Democrats are having a very healthy and very predictable fight about the ideological center of the Democratic party," he said.

Both Sanders and Trump will likely face scrutiny over their personal finances — Trump for refusing to release his tax returns and Sanders for the amount of money revealed in his.

During a Fox News town hall last week, Sanders fended off criticism of his and his wife's income which totaled more than $1 million in 2016 and 2017. Much of their income came from the success of their bestselling book, something for which Sanders refused to apologize.

Source: Fox News Politics

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#TheMagaNetwork Issues the #TrumpChallenge to EVERYONE on the #TrumpTrain to Wear your #MAGA Swag Proudly in Public! By #ComingOutForTrump you can reveal the #LEFT this is OUR #America

@TheMagaNetwork & http://MagaOneRadio.net  Issues the #TrumpChallenge to Everyone on the #TrumpTrain to wear your #MAGA Swag Proudly in Public! By #ComingOutForTrump to show the #Left this is OUR #America & #WeThePeopleAreAwake & #WontBackDown via @peterboykin Since #Liberals Think they can attack “45” #Supporters because @RepMaxineWaters said so. I issue the #TrumpChallenge to Everyone on the […]

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Washington woman raped after getting into fake ride-share, person of interest sought, police say

Washington state cops are hunting the person who posed as a ride-share driver in Seattle and raped a woman in who got into the wrong vehicle.

The King County Sheriff's Department said in a Facebook post Tuesday the incident happened Dec. 16, after the female victim left a bar in Seattle and went outside to catch a ride-share a friend ordered to get her home.

“She found multiple ride-share vehicles parked out front, so she started asking each of them if they were her rideshare,” King County Sgt. Ryan Abbott told Q13 News. “One of the guys said 'Oh yeah I’m your ride-share, go ahead and get in.'”

RIDE-HAILING SAFETY BILL INTRODUCED DAYS AFTER SOUTH CAROLINA COLLEGE STUDENT FOUND DEAD

But officials said the man behind the wheel wasn't a ride-share driver.

While driving the woman home, the man pulled the vehicle over and raped her in White Center, located south of Seattle, according to police.

A person of interest who is wanted in the rape of a woman in Washington state who got into a vehicle thinking it was her ride-share.

A person of interest who is wanted in the rape of a woman in Washington state who got into a vehicle thinking it was her ride-share. (King County Sheriff's Office)

“Then after he raped her, he got her address and drove her to her house," Abbott told Q13 News.

Surveillance footage released by the sheriff's office captured the man identified as a person of interest near the victim’s home as he unlocked her door and handed her cell phone back.

A man that police said claimed to be a ride-share driver who then raped a woman that got into his vehicle in December.

A man that police said claimed to be a ride-share driver who then raped a woman that got into his vehicle in December. (King County Sheriff's Office)

SOUTH CAROLINA MAN CHARGED WITH KIDNAPPING, MURDER OF COLLEGE STUDENT ACTIVATED CHILD LOCKS IN CAR, POLICE SAY

News of the incident in Washington state comes just days after a University of South Carolina student was kidnapped and killed after she got into a car she mistakenly believed was her Uber.

Ride-share users told Q13 News on Tuesday that people getting into the wrong vehicle is common.

“I called an Uber yesterday at the airport and another person tried to take my Uber,” Un Jung, who was visiting Seattle from Arkansas, told the television station.

In the South Carolina incident, officials said the man accused of killing Samantha Josephson activated the child locks in his backseat so the doors could be opened only from the outside.

Police said users should make sure to check the license plate and vehicle make/model and verify the driver's photo and name match before getting into a ride-share vehicle. Users should also ask the driver to tell them your name, according to police.

“There’s been other instances where child lock safety has been on in the backseat, so something horrible might happen and the victim can’t get out,” Abbott told Q13 News.

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The person of interest sought in Washington may be driving a black Dodge Charger, according to police.

Anyone with information on the man is asked to contact the King County Sheriff’s Office at 206-296-3311.

Source: Fox News National

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Critics gush over the spectacle and story of ‘Avengers: Endgame’

Actors Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner and Marvel Studios President Kevin Feige place their handprints in cement at a ceremony at the TCL Chinese Theatre in Hollywood
Actors Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner and Marvel Studios President Kevin Feige pose for a picture during a ceremony to place their handprints in cement, at the TCL Chinese Theatre in Hollywood, Los Angeles, California, U.S. April 23, 2019. REUTERS/Mario Anzuoni

April 23, 2019

By Lisa Richwine

LOS ANGELES (Reuters) – Film critics unleashed overwhelmingly positive reviews on Tuesday of “Avengers: Endgame,” the highly anticipated final installment in a decade-long superhero story from Walt Disney Co’s Marvel Studios.

As of Tuesday afternoon, all but one of 56 “Endgame” reviews collected by the Rotten Tomatoes website were rated as positive.

USA Today’s Brian Truitt called the three-hour film “Marvel’s glorious greatest-hits package” with callbacks to previous adventures that will thrill fans who have faithfully followed characters such as Iron Man and Thor.

“It’s also a singular, sprawling and hugely satisfying tale that begins with a brutal, emotional gut punch and takes you on quite the trip with the original Avengers crew,” Truitt said.

“Endgame” concludes a story that has unfolded over 21 previous films since 2007 and become the highest-grossing franchise in movie history. It picks up where last year’s “Avengers: Infinity War” left fans hanging when several beloved heroes appeared to turn to dust.

CNN’s Brian Lowry said “Endgame” delivered a worthy finale.

“The filmmakers have sought to reward movie-goers with a spectacle that’s epic in every way,” Lowry said.

“The overall journey not only produces several genuine surprises – no small feat in this context – but plenty of humor, with an assortment of lighter moments to augment the stirring and, yes, emotional ones,” he added.

A.O. Scott of The New York Times said the movie provided the “sense of an ending,” even though many characters are expected to return in future films, and “a chance to appreciate what has been done before the timelines reset and we all get back to work.”

“We’ve lived with these characters and the actors playing them for more than a decade,” Scott wrote. “For the most part, it’s nice to see them again, and a little sad to say goodbye.”

Box office experts say “Endgame” may break the opening weekend record for ticket sales in the United States and Canada, which now stands at $257.7 million for “Infinity War.”

(Reporting by Lisa Richwine; Editing by Chris Reese)

Source: OANN

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100 mph winds in Sierra, snow from Oregon to Montana

A fierce winter storm packing winds in excess of 100 mph (160 kph) and predicted to bring as much as 8 feet (2.4 meters) of snow to the Sierra Nevada barreled into the West on Monday, toppling trucks and trees, triggering power outages and closing roads and schools from Oregon to Montana.

Up to a foot (30 centimeters) of snow already had fallen in parts of Oregon, cancelling flights in Portland. A blizzard warning was in effect in parts of Montana, where one school district canceled classes for the first time in two decades and whiteout conditions were reported in the Bitterroot Valley near Missoula.

Winds gusting to 110 mph (177 kph) were recorded at the summit of the Squaw Valley ski resort near Lake Tahoe, and up to 84 mph (135 kph) in the valleys along the Sierra's eastern front where Interstate 580 was closed off-and-on between Reno and Carson City.

Two trucks overturned on I-580 and another on nearby U.S. 395 in the Washoe Valley, where one non-life threatening injury was reported. At one point as many as 6,000 NV Energy customers were without power in the Reno-Sparks area.

A swath of western Montana from Missoula through the Bitterroot Valley was under a blizzard warning through Monday evening, with an inch or two (2.5 to 5 centimeters) of snow expected to fall each hour.

The National Weather Service has issued winter storm warnings and advisories for most of the rest of Montana through Tuesday morning. Butte public schools canceled classes Tuesday for the first time in at least 20 years. Buses were getting stuck, and a superintendent told The Montana Standard that the district's snowplows haven't been able to keep up.

Hamilton declared a snow emergency, with up to 18 inches (46 centimeters) expected to fall there and in Anaconda by Tuesday.

Schools throughout Oregon delayed start times or closed altogether on Monday. About a foot of snow (30 centimeters) was reported in areas including Eugene and Bend. The city of Eugene declared an ice/snow emergency requiring drivers to remove vehicles from snow emergency routes.

Devon Ashbridge, a spokesperson for Lane County, said that although snow plow crews had been working since Sunday, roadways were still relatively treacherous with hundreds of downed trees and power lines across county roads.

In the Sierra along the California-Nevada line, a winter storm warning remained in effect for the Lake Tahoe area until 4 a.m. Thursday. The forecast calls for winds gusting in excess of 140 mph (225 kph) over ridgetops.

"Periods of white-out conditions are likely," the National Weather Service in Reno said. "Very strong winds could cause extensive tree damage."

No new snow had fallen in the Sierra by Monday afternoon, but 2 to 4 feet (61 to 122 centimeters) is expected over three days, with 4 to 8 feet (1.2 to 2.4 meters) possible above elevations of 7,000 feet (2,134 meters), including where U.S. Interstate 80 crosses the top of the Sierra at Donner Pass southwest of Truckee, California.

The latest storm will be a "marathon rather than a sprint," the service said, in terms of accumulation with several wet feet of new snow expected over top of a drier layer of powdery snow through early Thursday.

"Travel will be tough and possibly impossible at times through the Sierra with no clear break in snowfall once this begins," the service said.

The service said the new snow load coupled with expected winds may result in unstable slope conditions in the Sierra with the potential for avalanches and "rooflanches."

"Do not linger under eaves of buildings that have a large quantity of snow on its roof," the service warned.

____

Associated Press writers Lisa Baumann in Seattle and Matt Volz in Helena, Montana, contributed to this report.

Source: Fox News National

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

(Reporting by Jeff Mason and Makini Brice; Writing by Susan Heavey; Editing by Chizu Nomiyama)

Source: OANN

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