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South Dakota State’s late run beats Syracuse

FILE PHOTO: NCAA Womens Basketball: Atlantic Coast Conference Tournament - Syracuse vs Notre Dame
FILE PHOTO: Mar 9, 2019; Greensboro, NC, USA; Syracuse Orange guard Tiana Mangakahia (4) dribbles the ball against the Notre Dame Fighting Irish during the first half in the women's ACC Conference Tournament at Greensboro Coliseum. Mandatory Credit: Jim Dedmon-USA TODAY Sports

March 26, 2019

South Dakota State advanced to its first Sweet 16 by winning 75-64 at Syracuse in a second-round NCAA Tournament game in the Portland region on Monday.

The sixth-seeded Jackrabbits will meet No. 2-seed Oregon in a regional semifinal on Friday in Portland, Ore.

Trailing 62-59 with 4:55 remaining, South Dakota State went on a 12-0 run over the next 4:25 to take a 71-62 lead with 30 seconds left.

With No. 3-seed Syracuse leading 62-61, South Dakota State senior Madison Guebert hit back-to-back 3-pointers, the second of which hit the front of the rim, bounced in the air and went through the basket, giving the Jackrabbits a 67-62 lead with 2:59 left.

A layup by Tagyn Larson with 54 seconds left and two free throws by sophomore Myah Selland with 36 seconds remaining completed the 12-0 run.

Guebert made 6 of 10 shots from 3-point range to finish with 20 points. Selland had 17 points and eight rebounds and junior Macy Miller had 11 points and eight rebounds for South Dakota State (28-6), which is on an 18-game winning streak.

The Jackrabbits last lost on Jan. 6.

Junior Tiana Mangakahia had 18 points and eight assists for Syracuse (25-9).

Trailing 53-47 going into the fourth quarter, the Orange stormed back, going on a 10-0 run over the first 3:21 of the period to take a 57-53 lead.

Syracuse held a 38-36 lead at halftime, but South Dakota State surged ahead in the third quarter, going on a 13-0 run over a span of 4:11 to take a 53-45 lead with 1:45 remaining in the third quarter.

–Field Level Media

Source: OANN

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Kentucky tops Wofford on Magee’s miserable day

NCAA Basketball: NCAA Tournament-Second Round-Wofford vs Kentucky
Mar 23, 2019; Jacksonville, FL, USA; Wofford Terriers forward Keve Aluma (24) reaches for a rebound while under pressure by Kentucky Wildcats forward EJ Montgomery (left) and forward Reid Travis (right) during the second half in the second round of the 2019 NCAA Tournament at Jacksonville Veterans Memorial Arena. The Kentucky Wildcats won 62-56. Mandatory Credit: John David Mercer-USA TODAY Sports

March 24, 2019

Reid Travis scored 14 points, including a pair of clutch free throws, as No. 2 seed Kentucky fended off No. 7 Wofford 62-56 in an NCAA Tournament Midwest Region second-round game Saturday afternoon in Jacksonville, Fla.,

It took a miserable outing from one of the country’s all-time great shooters to help the Wildcats pull out the victory.

Kentucky (29-6) goes to the Sweet 16 on Friday night in Kansas City, Mo., to face either third-seeded Houston or No. 11 Ohio State.

Freshman Ashton Hagans racked up 12 points for Kentucky, while classmates Keldon Johnson and Tyler Herro both had nine.

Nathan Hoover scored 19 points and Cameron Jackson added 11 for Wofford (30-5), which saw its school-record 21-game winning streak end. Hoover hit 4 of 5 from 3-point range, accounting for half of the Terriers’ successful 3-pointers.

Wofford’s Fletcher Magee, the NCAA’s leader in career 3-point baskets, was 0 for 12 from beyond the arc, including eight misses in the second half. The Southern Conference Player of the Year finished with eight points.

Herro’s 3-pointer and Nick Richards’ free throw nudged Kentucky to a 58-51 lead with 3:36 remaining, but the Wildcats then went more than three minutes without scoring.

Wofford pulled within 58-56 on Keve Aluma’s tip-in at the 40-second mark.

With 18 seconds to play, Travis connected on a pair of free throws to help seal the outcome. He also pulled in a game-high 11 rebounds, matching Aluma’s total.

Wofford opened the second half with a 9-4 run for a 35-32 lead, but once the Wildcats went back on top moments later they never trailed again.

Wofford led 21-15 even though Magee hadn’t registered a point. He didn’t score until the final 30 seconds of the half.

Kentucky played for the second game in a row without team scoring and rebounding leader PJ Washington, a 6-foot-8 sophomore who had his left foot in a cast from an injury sustained in last week’s Southeastern Conference tournament.

Magee’s 3-point total ends at 509.

–Field Level Media

Source: OANN

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Indian state open for talks with Uber rival Ola over ban

FILE PHOTO: An employee speaks over his phone as he sits at the front desk inside the office of Ola cab service in Gurugram
FILE PHOTO: An employee speaks over his phone as he sits at the front desk inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016. REUTERS/Anindito Mukherjee/File Photo

March 23, 2019

By Chandini Monnappa and Chris Thomas

BENGALURU (Reuters) – The southern Indian state of Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.

Karnataka earlier this week issued a notice to suspend Ola’s license for six months for violating government rules by running motorcycle taxis which are not allowed for safety reasons.

State capital and technology hub Bengaluru is among Ola’s top three markets in India.

V. P. Ikkeri, state commissioner for transport and road safety, told reporters the department had seized and issued fines for about 258 bikes during a probe after complaints.

Ola’s permit, obtained in 2017 and valid to 2021, allows it to run three and four-wheeler taxis in Karnataka. The company, backed by SoftBank Group Corp and Tencent Holdings Ltd, has until Monday to respond to the suspension notice.

“It’s a temporary suspension and if they give us a satisfactory response, then we won’t need to implement the ban,” Ikkeri said, adding that Ola would face financial penalties.

Ola did not immediately respond to a request for comment.

It could lose out badly to Uber if pushed out of the market for an extended period.

“If Uber comes up with a strategy to lock in some of the drivers or customers with more incentives, it will be difficult for Ola to make a comeback,” said Neil Shah, partner and research director at Counterpoint Research.

“Assuming the top three (Indian) markets contribute to roughly 35-40 percent of Ola’s revenues, if the ban is upheld, we could be looking at a 5-10 percent revenue hit to the company.”

On Friday, the company said it was evaluating all options to find an “amicable solution” and was working closely with the authorities.

Ikkeri also said the department had sent a notice about penalties to the last known address of Rapido, another motorcycle taxi operator in Bengaluru. Rapido could not be reached for comment despite multiple attempts by Reuters.

(Reporting by Chandini Monnappa and Chris Thomas in Bengaluru; Editing by Martin Howell and Andrew Cawthorne)

Source: OANN

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Remember Solyndra? Loss of taxpayer millions now seems forgotten, expert says

It's been exactly ten years since the Solyndra solar power company accepted a loan of half a billion taxpayer dollars that would never be repaid. Now one industry expert says he's not sure any lessons have been learned in the years since.

On March 20, 2009, then-Secretary of Energy Steven Chu announced Solyndra would be the recipient of a $535 million loan from his department under the Obama administration's revamped loan guarantee program. Solyndra used the money, along with hundreds-of-millions more from private investors, to build a new facility where it would be mass-producing its easy-to-install cylindrical solar "panels." The whole thing lasted about two years.

May 26, 2010: President Obama lifts a solar panel as he tours a Solyndra facility in Fremont, Calif.

May 26, 2010: President Obama lifts a solar panel as he tours a Solyndra facility in Fremont, Calif. (Reuters)

The ill-fated energy company had initially asked President George Bush for cash under the loan guarantee program, which was created to help companies working with clean energy technologies that might be considered too risky for private investors.

But it wasn't until President Obama launched his sweeping stimulus spending plan that Solyndra's application was approved, launching the California company to poster-child status despite what were apparently growing concerns about its long-term (and even short-term) viability.

Those concerns were reportedly being relayed to the White House in the run-up to President Obama's highly publicized visit to Solyndra headquarters, which was scheduled just six months before the 2010 midterm elections. Congressional investigators later uncovered information indicating that Solyndra was planning on laying off some of its employees ahead of the midterms, but waited due to pressure from the White House.

By the end of August 2011, little more than a year after hosting a presidential visit, Solyndra had filed for bankruptcy. And the writing was on the wall much earlier.

In Feburary 2011, the Department of Energy had restructured its loan and included terms that guaranteed private investors would be repaid before the government in the event the company went under.

Adding to the anger among Republicans over what was perceived as a politically-charged loan process was the fact that one of the private investors backing Solyndra was a well-known Obama fundraising bundler, George Kaiser.

"[T]he actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department."

— Inspector General report on Solyndra, 2015

A little more than a week after the company announced it was going bankrupt, the FBI conducted a surprise raid and agents were seen carrying crates upon crates from Solyndra HQ in Fremont, Calif.

A 2015 Inspector General report found that Solyndra had over-inflated the value of some of its contracts, with some clients apparently receiving goods at a discount despite indications they would be paying full price. Some of the clients they had been counting on wound up bailing due to the availability of much cheaper technologies from China.

Either way, the IG report indicates that "the investigative record suggests that the actions of certain Solyndra officials were, at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department." The IG admits that there were signs the government might have missed some obvious red flags, while critics have argued those red flags were more likely overlooked intentionally.

Sept. 8, 2011: FBI agents stand guard outside of Solyndra headquarters in Fremont, Calif. 

Sept. 8, 2011: FBI agents stand guard outside of Solyndra headquarters in Fremont, Calif.  (AP)

The loan guarantee program that helped Solyndra get off the ground, however briefly, still exists today, and taxpayer dollars are still being shelled out to energy companies of all types. The solar industry itself also doesn't seem to have suffered much, with a recent industry report predicting the number of installed solar projects would more than double by 2021.

Tom Pyle, an energy industry expert who led the Trump presidential transition team on energy, says the program's ongoing existence despite the lessons learned from the Solyndra debacle shows that government has no business backing private energy companies, whether they're solar or not.

"Even though President Trump has submitted very responsible budgets, including eliminating the loan program, Congress continues to fund it... even more generously," Pyle tells Fox News.

And when he considers the prospects of our energy future under proposals like the Green New Deal, Pyle says the lack of knowledge becomes all the more obvious.

"The bottom line is the Green New Dealers want to impose massive government control of our energy resources, and infuse billions of our taxpayer dollars into doubling down on the Solyndras and those projects," Pyle says. "So there aren't lessons being learned here, they're going the opposite way."

Source: Fox News Politics

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Golf: Brexit uncertainty a big concern for R&A ahead of this year’s Open

The 147th Open Championship
FILE PHOTO: Golf - The 147th Open Championship - Carnoustie, Britain - July 18, 2018 Martin Slumbers CEO of The R&A during a new conference REUTERS/Paul Childs

February 26, 2019

(Reuters) – R&A chief executive Martin Slumbers said that the uncertainty surrounding Brexit had caused “significant concern” ahead of this year’s British Open at Royal Portrush and that he would be pleased when the tournament is over.

The United Kingdom is due to leave the European Union on March 29 and a potentially disorderly no-deal Brexit could leave the organizers with logistical problems as they plan to move over 2,000 containers to Northern Ireland.

Uncertainty over the backstop to retain an open border on Ireland is the main cause for concern.

“Like every business, and I think about the Open as such, the lack of certainty about the rules, the law in which we are operating under post-March 29 has caused us significant concern,” Slumbers told the BBC.

“In hindsight would I be wanting to do Portrush in the year that we would be potentially leaving the European Union without a deal? No.

“We as a management team have spent a lot of time looking at contingencies and what we need to do. The future of the border is the number one concern. We have over 2000 containers to get across the Irish Sea and we start building on April 2.”

The EU has refused to make changes in the legal withdrawal agreement for Britain, saying that the backstop is needed as an insurance that no border controls could return between EU member state Ireland and Northern Ireland after Brexit.

“We have engagement with ministers and Parliament but the concern is all around certainty. If you know the rules you’re playing by then you can play, you optimize what you’ve got,” Slumbers added.

“The problem is we don’t know whether to reschedule to bring all our containers in through Dublin, whether to move them through Belfast, whether to ship them out of the UK now.

“It doesn’t threaten the staging, we’ll make it happen. It’s just more complex than we anticipated. For the insiders it’s a bit harder but for everyone outside it won’t impact at all, they won’t notice.”

Portrush will stage the Open for the first time since 1951 from July 18-21, with the decision on hosting rights taken in October 2015, eight months before the referendum to leave the European Union.

(Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Pritha Sarkar)

Source: OANN

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Democrats Are Like Vampires, Thirsty For Blood

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Beto O'Rourke's 2020 bid draws mixed reactions in El Paso, Texas

Proper Printshop began printing the shirts as soon as they opened at 10 a.m. on Thursday.

The clothing featured phrases like “Beto 2020” with an image of the former El Paso, Texas, congressman wearing Old Glory sunglasses.

“It’s cool to know that someone from El Paso, a town like ours, can strive to do something that incredible,” designer Patrick Gabaldon said of Beto O’Rourke’s decision to enter the crowded field of Democratic presidential candidates.

WHY BETO O'ROURKE COULD BE DEMS' 2020 NOMINEE AGAINST TRUMP

Democratic presidential candidate Beto O'Rourke met with voters in Iowa, sharing his views on healthcare and climate change, among several issues.

Democratic presidential candidate Beto O'Rourke met with voters in Iowa, sharing his views on healthcare and climate change, among several issues. (Fox News)

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Gabaldon first created the images when O’Rourke was running for the Senate seat against incumbent Ted Cruz last year, a race that propelled O'Rourke into the national spotlight.

While he ultimately lost that midterm election to Cruz by a few percentage points, O’Rourke gained name recognition and became known for his fundraising prowess, raising an eye-popping $80 million during his run.

Though he initially said he wasn’t going to make a presidential run, O’Rourke reversed that decision, announcing in the wee hours of Thursday morning.

"Amy and I are happy to share with you that I'm running to serve you as the next president of the United States of America,” he said in a video.

By noon, several people had requested the shirts. Excitement among El Pasoans was growing.

WHO'S STILL ON THE FENCE FOR 2020? AFTER BETO, THESE DEMS COULD JUMP IN NEXT 

Proper Printshop made several shirts featuring O'Rourke, a few hours after the El Paso native announced his decision on social media. Several people have since requested the shirts. 

Proper Printshop made several shirts featuring O'Rourke, a few hours after the El Paso native announced his decision on social media. Several people have since requested the shirts.  (Fox News)

“I think he’s going to be a good run. I think he’ll do much better [than] our current president. And, I’m just a Democratic person. So he has my vote,” said Alan Zambrano.

O’Rourke was in Iowa for the first few stops along his campaign trail. He visited Keokuk, Fort Madison, Burlington, and Muscatine, rallying voters and sharing his views for the country.

He called for guaranteed, high-quality health care and action on climate change.

"This is our final chance, the scientists are absolutely unanimous on this, that we have no more than 12 years to take incredibly bold action on this crisis,” said O’Rourke.

Still, some are less than enthused about his run.

“I am not in support of him as a candidate. I believe that the Democrats have to sort out what they’re going to do. I believe that President Trump will continue as the president, and I wish Beto the best of luck,” said Steven Nagy.

Others say they have little faith in the political system at all.

O'Rourke gained national prominence last year while running for the Senate against Sen. Ted Cruz. He became known for his fund-raising prowess, though he ultimately lost the race. 

O'Rourke gained national prominence last year while running for the Senate against Sen. Ted Cruz. He became known for his fund-raising prowess, though he ultimately lost the race.  (Fox News)

“I’m disillusioned with the representation of the people. I feel that our political leaders are more representing the big business and money than the individuals themselves throughout the U.S,” said Tafari Nugent.

Though some say O’Rourke’s candidacy raises excitement among Texans, politics professor Todd Curry, from the University of Texas at El Paso, is wary of notions that the candidate could flip this red state.

“I still think we have to wait a few more election cycles until Texas is put into play,” said Curry.

O’Rourke is set to hold a kickoff rally in El Paso on March 30.

Source: Fox News Politics

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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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