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U.S. President Trump tweets he has not read Special Counsel Mueller’s report

Trump visits Las Vegas
U.S. President Donald Trump arrives in Las Vegas, Nevada, U.S., April 5, 2019. REUTERS/Kevin Lamarque

April 6, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday he had not read Special Counsel Robert Mueller’s report investigating contacts between his 2016 campaign and Russia.

“I have not read the Mueller Report yet, even though I have every right to do so,” Trump wrote on Twitter. “Only know the conclusions, and on the big one, No Collusion.”

(Reporting by Lucia Mutikani; Editing by Tom Brown)

Source: OANN

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Robert Mueller's Russia investigation by the numbers

Special Counsel Robert Mueller's investigation into possible collusion between Russia and the Trump campaign concluded with the final report submitted to the Justice Department this past Friday. In a letter released Sunday, Attorney General William Barr publicly revealed the "principal conclusions" and more about the under-wraps investigation.

Just months after President Trump was inaugurated into office, Mueller was appointed to the special counsel's office on May, 17 2017. In total, it lasted close to two years — 675 days, or one year, 10 months and six days, to be exact.

READ THE MUELLER REPORT FINDINGS

The intent of the investigation was to determine whether Trump and his campaign illegally worked with Russia to sway the 2016 presidential election. The special counsel's office determined that it "did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia."

The president on Sunday responded to Mueller's report in two different ways. Speaking to reporters, Trump called the investigation "an illegal takedown that failed."

He also tweeted: "No Collusion, No Obstruction, Complete and Total EXONERATION. KEEP AMERICA GREAT!" It was Trump's 78th tweet regarding the probe, excluding retweets.

In total, 19 attorneys worked with the special counsel's office at some point during the nearly two-year-long probe, which, between May 2017 and September 2018, spent $25.2 million. Of that, $12.3 million was direct spending, while $12.9 million was spent on "indirect" component expenses for the Justice Department.

The special counsel's office has said that the indirect expenses don't amount to additional taxpayer expenditures since those resources — especially personnel, such as employees of the FBI or other agencies — would have been devoted to other cases had there been no special-counsel investigation.

During the investigation, at least 42 people were interviewed by Mueller or his team or testified before a grand jury, and 34 people -- in addition to 3 companies -- either have been indicted or have pleaded guilty in connection to the probe.

Of the 34, 6 were former advisers or associates of Trump, while 2 were not considered Trump advisers or associates. Additionally, 26 Russians have been charged.

Mueller's office worked with a team of "approximately 40 FBI agents, intelligence analysts, forensic accountants, and other professional staff" during the investigation.

CLICK HERE TO GET THE FOX NEWS APP

Ultimately, the special counsel's office "issued more than 2,800 subpoenas, executed nearly 500 search warrants, obtained more than 230 orders for communication records, issued almost 50 orders authorizing use of pen registers, made 13 requests to foreign governments for evidence, and interviewed approximately 500 witnesses," according to Barr's letter.

On Friday evening, Mueller submitted his report to Barr, marking the end of the politically explosive probe and the beginning of a new battle over its contents and implications.

Source: Fox News Politics

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Rights group: Bahraini authorities abuse, torture detainees

A Bahraini rights group says sexual abuse and torture are widespread and systematic in jails in the Gulf island nation.

The SALAM for Democracy and Human Rights group released a 30-page report Thursday, documenting abuses it says "use the most intimate and personal parts of a person in order to inflict suffering."

The report was released in Beirut as the group is barred from Bahrain.

At the release, Bahraini citizen Ebrahim Sarhan recounted the torture he was subjected to in 2017, describing how he was stripped naked in front of other inmates as officials threatened to "bring in a bottle" — a veiled threat of sodomy.

Bahrain, which is conducting a yearslong crackdown on dissent, has dismissed such allegations in the past. It didn't respond to requests for comment.

Source: Fox News World

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NBA roundup: Sixers down Bucks despite Giannis’ 52

NBA: Philadelphia 76ers at Milwaukee Bucks
Mar 17, 2019; Milwaukee, WI, USA; Philadelphia 76ers center Joel Embiid (21) drives for the basket against Milwaukee Bucks center Brook Lopez (11) during the fourth quarter at Fiserv Forum. Mandatory Credit: Jeff Hanisch-USA TODAY Sports

March 18, 2019

Joel Embiid scored 40 points and grabbed 15 rebounds to lead the visiting Philadelphia 76ers past the Milwaukee Bucks 130-125 on Sunday.

It was Embiid’s 52nd double-double and the 25th time he has scored at least 30 points and swept 10 rebounds in a game. He scored 18 points alone in the fourth quarter.

Jimmy Butler had 27 and JJ Redick 19 for the Sixers, who won their fourth in a row and officially clinched a playoff spot.

Giannis Antetokounmpo was terrific for the Bucks with a career-high 52 points to go along with 16 rebounds and seven assists. Khris Middleton added 19 points.

Rockets 117, Timberwolves 102

Chris Paul, Clint Capela and James Harden recorded double-doubles, and host Houston turned a blistering third-quarter shooting display into a victory over Minnesota.

Paul paired 25 points with 10 assists and matched his single-game high of six 3-pointers, while Capela recorded 20 points and 13 rebounds in grappling with Timberwolves All-Star center Karl-Anthony Towns (22 points, 10 rebounds, six assists).

Rookie forward Josh Okogie scored 21 points for the Timberwolves, who have dropped 7 of 10. Taj Gibson chipped in 15 points and 10 rebounds off the bench for Minnesota. Houston improved to 11-2 since the All-Star break.

Clippers 119, Nets 116

Reserve Lou Williams hit a 3-pointer at the buzzer as host Los Angeles pulled out a dramatic win over Brooklyn for its seven win in its last eight games.

Williams, whose game winner was the first of his career, scored 11 of his team-high 25 points in a fourth quarter that featured wild runs by both teams. The Clippers (41-30) won for the seventh time in eight games and moved into a virtual tie with Utah for seventh in the West and a half-game behind sixth-place San Antonio.

Danilo Gallinari and Montrezl Harrell added 20 points apiece for the Clippers. D’Angelo Russell scored a game-high 32 points, but the Nets (36-36) fell 1 1/2 games behind sixth-place Detroit in the Eastern Conference and lead eighth-place Miami by just 1 1/2 games.

Pistons 110, Raptors 107

Blake Griffin scored 25 points to lead host Detroit past Toronto to sweep their three-game regular-season series.

Trailing 110-107 with 2.4 seconds left, Toronto had a glimmer of hope after Griffin missed two free throws. Griffin intentionally fouled Toronto’s Kawhi Leonard on the rebound with 1.4 seconds remaining, but Leonard missed the first throw. After Leonard intentionally missed the second, Pistons center Andre Drummond gathered the rebound and the clock ran out.

Reggie Jackson scored 20 points for the Pistons, and Drummond added 15 points and 17 rebounds. Leonard put up a game-high 33 points to go with 10 rebounds, while Fred VanVleet scored 17 points and Marc Gasol grabbed 11 rebounds.

Knicks 124, Lakers 123

Emmanuel Mudiay highlighted his 28-point performance with a pair of late free throws as NBA-worst New York erased an 11-point deficit late in the fourth quarter to knock off visiting Los Angeles.

Damyean Dotson scored 25 points and Kevin Knox chipped in 19 for the Knicks, who benefited from a season-high 41-point first quarter to post their first win since a 108-103 victory against Orlando on Feb. 26.

LeBron James scored 33 points after sitting out Friday’s 111-97 setback versus Detroit for what the team called “load management” connected to the groin injury that sidelined him for 17 games earlier this season.

Magic 101, Hawks 91

Nikola Vucevic scored 17 of his 27 points in the first quarter, and host Orlando remained in the chase for the final playoff spot in the Eastern Conference by beating Atlanta.

The Magic (33-38) trail Miami (33-36) by one game for the eighth spot in the playoffs. They meet one last time this season in Miami on March 26.

Orlando also got 22 points and eight rebounds from Aaron Gordon and 14 points and seven rebounds from reserve Wes Iwundu. Trae Young led Atlanta with 20 points and five assists.

Kings 129, Bulls 102

Buddy Hield made his only 3-pointers of the game in a 14-point, second-quarter flurry that allowed host Sacramento to beat Chicago and end a three-game losing streak.

The Kings (34-35) retained a slim hope of reaching the Western Conference playoffs this season. Sacramento sits in ninth place in the West, six games behind the Jazz and Clippers, who are tied for seventh.

In just his third game back from a knee injury, Marvin Bagley III shot 9 of 14 and led Sacramento with 21 points and nine rebounds in 21 minutes. Zach LaVine (18 points) was the top scorer for the Bulls.

Heat 93, Hornets 75

Dwyane Wade and Goran Dragic came off the bench to combine for 22 points in the fourth quarter to boost host Miami to a win over Charlotte.

Dragic finished with a team-high 19 points and Wade added 17. Bam Adebayo had 16 points and nine rebounds, and Dion Waiters added 12 points for the Heat, who have won eight of their past 10 against Charlotte.

Jeremy Lamb scored a game-best 21, Frank Kaminsky had 13, Nicolas Batum added 12 and Tony Parker chipped in 11, while leading scorer Kemba Walker had just 10 for Charlotte, which is 2-5 in its last seven games.

–Field Level Media

Source: OANN

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The Agent Who Beat the IRS, Now Whistleblower to American People

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Source: InfoWars

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Exclusive: Behind Airbnb’s bet on show business to hook travelers

The logos of Airbnb are displayed at an Airbnb event in Tokyo
FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato

April 24, 2019

By Jeffrey Dastin and Heather Somerville

SAN FRANCISCO (Reuters) – Hollywood has a new suitor in Silicon Valley.

Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet customers’ appetite for travel, four people familiar with the matter told Reuters.

The strategy, previously unreported, is crucial for the company, which is privately valued at $31 billion and is gearing up for an initial public offering of stock expected next year. Airbnb must distinguish itself from Booking.com, Expedia and others in the fiercely competitive and consolidating travel industry, where apartment-renting services are increasingly common.

Chief Executive Brian Chesky is driving the idea, three of the people said, arguing that creative content is important for Airbnb’s brand even if the business case is not always clear.

“Brian wants to create a studio,” one of the people said. The mentality: “Let’s do shows. Let’s do films, because we want to be travel-everything.”

Chesky, who co-founded the company, “likes big splashy things,” another person said.

For at least three years, Airbnb has batted around ideas for creating or licensing mini-series and documentaries about travel, and shows featuring Airbnb homes, guests and hosts, one of the people said. It has discussed working with studios as well as starting its own.

(GRAPHIC: Airbnb in the spotlight – https://tmsnrt.rs/2IkarwX)

The company has worked on a television show slated for Apple Inc’s upcoming streaming service: “Home,” a docuseries featuring unique abodes around the world and the people behind them. One executive producer of the show is Joe Poulin, a company vice president who ran Luxury Retreats when Airbnb acquired the booking site in 2017.

Airbnb announced last week it had developed and produced the documentary “Gay Chorus Deep South,” which follows the San Francisco Gay Men’s Chorus on a tour across the Southeastern United States, and will premiere at the Tribeca Film Festival next week. Airbnb told Reuters it provided funding for the project.

In an interview, Airbnb’s top policy and communications executive, Chris Lehane, said the company is considering streaming films and shows through its app as well as through other video platforms.

“We’re very much in the R&D phase here,” said Lehane. “It’s not just limited to video. It could be audible. It could be physical.”

“The more we put content out there, the more you’re going to bring people to the platform,” he said.

Original shows could also entice customers even before they have decided where to go on vacation and demystify Airbnb for travelers, including Wall Street investors, who have stuck to familiar hotel chains.

(Graphic on how Airbnb stacks up against its venture-backed peers: https://tmsnrt.rs/2IkarwX)

TECH INDUSTRY PLAYBOOK

Airbnb has yet to cement all the details related to its timeline, program financing or even lineup. Its work so far has ranged from the Tribeca documentary to a YouTube show about travel trends and other video marketing efforts.

Offering original content and other media is an increasingly popular strategy in Silicon Valley, where technology companies are desperate for deeper relationships with internet users and their lucrative data.

Apple last month unveiled a TV streaming service and joined a long list of companies attracted to Hollywood’s glitter, including Amazon.com Inc and even Walmart Inc. The big-box retailer had said it will partner with U.S. movie studio Metro-Goldwyn-Mayer to make content for its video-on-demand service, Vudu.

Such bets are expensive, but often justified by executives for their marketing value. Airbnb said its network of half a billion travelers is drawing partners who wish to produce and finance content for the company.

Airbnb’s original magazine remains central to this effort. Published by media conglomerate Hearst since May 2017, the Airbnb Magazine will be a jumping off point for other content that the company develops. It is the darling of CEO Chesky, something the billionaire founder hopes will become a collector’s item like old print editions of “Rolling Stone,” Lehane said.

Films and streaming content would mark the next iteration of a business that has steadily expanded to get customers to use its app for more parts of their travel experience. Airbnb added restaurant reservations and said it would branch into transportation services, so customers remain in its orbit long after they have picked a place to stay.

The company even explored building its own flight-booking feature and acquiring travel fare aggregator Skyscanner before retreating from that idea, said another person with knowledge of the matter.

A key player in the video effort is Kim Kingsley, co-founder of news site Politico. Kingsley joined Airbnb last summer and is in charge of the firm’s content strategy, according to her LinkedIn profile. Meanwhile, Airbnb’s magazine lead, Ben Kasman, has helped grow the publication to more than a million readers.

Even by technology startups’ standards, Airbnb is not afraid to spend large sums on marketing. It hired Ready State, a high-end agency in San Francisco, whose employees flew to Europe to create videos for Airbnb. The firm was also hired to promote tours sold on Airbnb’s website, known as “Experiences,” even though many of those are cheap.

“It’s all part of the efforts to broaden the base,” said one person close to the company, “to make what they do more mainstream.”

(Reporting by Jeffrey Dastin and Heather Somerville in San Francisco; Additional reporting by Kenneth Li; Editing by Greg Mitchell, Susan Thomas and Lisa Shumaker)

Source: OANN

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The Latest: Paris mayor rues ‘terrible fire’ at Notre Dame

The Latest on a fire at Notre Dame Cathedral in Paris (all times local):

7:35 p.m.

Paris Mayor Anne Hidalgo says firefighters are trying to contain a "terrible fire" at the city's Notre Cathedral.

An AP reporter at the scene of Monday's fire says the roof at the back of the cathedral, behind the nave, is in flames and yellow-brown smoke and ash fill the sky.

Hidalgo urged residents of the French capital to stay away from the security perimeter around the Gothic-style church. The mayor says city officials are in touch with Roman Catholic diocese in Paris.

___

7:30 p.m.

Firefighters are battling a massive blaze at the French capital's iconic Notre Dame Cathedral.

Flames and black smoke were seen shooting from the base of the medieval church's spire on Monday.

The peak of the church is undergoing a 6 million-euro ($6.8 million) renovation project.

French media quoted the Paris fire brigade saying the fire is "potentially linked" to the renovation work.

Source: Fox News World

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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Cyprus police on Friday widened their search for more victims of a suspected serial killer after the 35-year-old national guard captain told investigators he killed four more people that he previously admitted to on the small Mediterranean nation.

The count now has climbed to seven.

CYPRUS FEARS POSSIBLE SERIAL KILLER AFTER BODIES OF TWO WOMEN ARE DISCOVERED IN MINESHAFT

Authorities said they are focusing on a military firing range, a man-made lake and an abandoned mine about 20 miles west of the capital Nicosia.

Cypriot President Nicos Anastasiades expressed “deep sorrow and concern” at the slayings and said he shared the public’s revulsion at “murders that appear to have selectively targeted foreign women who are in our country to work.”

“Such instincts are contrary to our culture’s traditions and values,” he said in a statement from China, where he was on an official visit. He urged calm so police can complete their investigation.

The scale of the alleged crimes by a Cypriot National Guard captain has horrified the small nation of over a million people, where multiple killings are rare. Five British law enforcement officials — including a coroner, a psychiatrist and investigators who specialize in multiple homicides — have been dispatched to help with the investigation.

On Thursday, the 35-year-old suspect, who can’t yet be named because he hasn’t been formally charged, told investigators that he had killed four more people than he had previously admitted to. Police said the suspect will appear in court Saturday for another custody hearing.

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims. 

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week’s discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims.  (AP)

The victims — all foreigners— include Marry Rose Tiburcio, 38, from the Philippines, whose bound body was found April 14 in a flooded mineshaft. She and her six-year-old daughter had been missing since May of last year.

The girl remains missing and authorities believe she was also slain by the suspect. Divers have entered the reservoir to search for her but have not found her body yet.

CYPRUS: GROUND NOT YET READY FOR PEACE TALKS RESUMPTION 

Authorities tracked down the officer last week by scouring Tiburcio’s online messages.

Six days later, police discovered another body April 20 in the same mineshaft, identified by Cypriot media as 28-year-old Arian Palanas Lozano, also from the Philippines.

A third alleged victim, also of Filipino descent, is 31-year-old Maricar Valtez Arquiola, who had been missing since December 2017. The suspect initially denied killing Arquiola but reversed himself after a court hearing Thursday, a police official said.

The suspect on Thursday also pointed investigators to a military firing range, where they discovered another unidentified body, which according to the suspect belongs to a woman of either Nepalese or Indian descent.

SERIAL KILLER WHO MAY HAVE COMMITTED 90 MURDERS IS LINKED TO YET ANOTHER KILLING 

Cypriot police are also looking for a Romanian mother and daughter. Cypriot media identified them as Livia Florentina Bunea, 36, and eight-year-old Elena Natalia Bunea, who are believed to have been missing since September 2016.

The man-made lake remains off-limits to a manned search because of high levels of toxic heavy metals from the copper pyrite mine, Fire Service Chief Marcos Trangolas said, adding that authorities will use other means to scour the lake.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Cyprus police have faced criticism from immigrant activists who said they didn’t act fast enough to investigate the whereabouts of some of the victims, many of them domestic workers. The island nation has 80 unsolved missing persons cases, going back to 1990.

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Police chief Zacharias Chrysostomou said a three-member panel has been assigned to probe whether police followed all the correct protocol in recent missing persons cases.

According to the state-run Cyprus News Agency, an investigator had told the court at an earlier hearing that the suspect admitted to killing one woman he met online after having sex with her.

The Associated Press contributed to this report. 

Source: Fox News World

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Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas
Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas, Venezuela June 12, 2018 in this still image taken from a video. REUTERS TV/ via REUTERS

April 26, 2019

CARACAS (Reuters) – Venezuela’s opposition-run National Assembly said on Friday that opposition lawmaker Gilber Caro was detained, which it described in a Twitter post as a violation of diplomatic immunity.

Caro had previously spend a year and a half in jail, before being freed in June 2018. The arrest comes as Juan Guaido, the National Assembly’s leader, mounts a challenge to President Nicolas Maduro, arguing his 2018 re-election was illegitimate. Guaido in January invoked the country’s constitution to assume an interim presidency.

(Reporting by Caracas newsroom; Editing by Chizu Nomiyama)

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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Arizona Gov. Doug Ducey rejected demands from a secular group to remove posts on social media where he sent Easter greetings and cited a Bible verse, offering to provide copies of the Constitution to his critics.

Ducey, who’s a practicing Catholic, has been bombarded with calls from Secular Communities for Arizona to remove the post, which included a cross, a Bible verse, and the phrase, “He is risen.”

ARIZONA’S GOP GOVERNOR WAGING WAR AGAINST OCCUPATIONAL LICENSING LAWS

The group argued the posts crossed a line into government sponsorship of religious messages and was unconstitutional.

The governor fired back at the group, saying in a tweet that he will never remove the posts or other religious ones.

“We won’t be removing this post. Ever. Nor will we be removing our posts for Christmas, Hanukkah, Rosh Hashanah, Palm Sunday, Passover or any other religious holiday,” he tweeted. “We support the First Amendment, and are happy to provide copies of the Constitution to anyone who hasn’t read it.”

Dianne Post, an attorney for the secular group, told the Arizona Republic “elected officials should not use their government position and government property to promote their religious views.”

LICENSE REQUIRED TO REPAIR DOORS? REGS SPARK HEATED DEBATE IN ARIZONA

She added the courts have repeatedly “struck down symbolism that unites government with religion,” adding that Ducey’s office must “represent and protect the rights of all residents of Arizona, including those who do not believe in a monotheistic God or any gods at all.”

Many congratulated Ducey for not backing down amid the pressure, though some Facebook users sided with the secular group and criticized the governor on his original post.

“Why do you use a government platform to bring up your personal religion?” asked one person. “Are there no citizens in your jurisdiction that believe differently from you?”

Another stipulated that the post was somewhat discriminatory. “Great sensitivity, Doug. That’s the last time this Jew votes for you,” one person wrote.

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Ducey wished in a statement Arizonans last week a “blessed and joyful Easter and Passover weekend.”

The Associated Press contributed to this report.

Source: Fox News Politics

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