Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Brazilian judge orders release of former president Temer

A Rio de Janeiro federal judge has ordered the release of former President Michel Temer from jail.

Judge Antonio Ivan Athie says in Monday's ruling that there's no need to jail Temer because he doesn't pose a risk to the investigation into corruption charges against him.

The 78-year-old ex-president and seven other people were jailed on Thursday on corruption charges in the sprawling Car Wash probe.

Judge Marcelo Bretas argued then that they should be held so they could not destroy evidence.

Brazil's federal police haven't yet said when Temer will be released.

The backroom dealmaker became Brazil's president in 2016 after his predecessor Dilma Rousseff was impeached and removed from office.

He left office at the end of 2018.

Source: Fox News World

0 0

EU adopts new tax-haven blacklist, adds UAE, Bermuda, Aruba

EU flags fly outside the European Commission headquarters in Brussels
FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 6, 2019. REUTERS/Yves Herman

March 12, 2019

BRUSSELS (Reuters) – European Union governments adopted a broadened blacklist of tax havens on Tuesday, the EU commission said in a statement.

Ten jurisdictions were added to the list. It had previously included five.

Aruba, Barbados, Belize, Bermuda, Fiji, Marshall Islands, Oman, the United Arab Emirates, Vanuatu and Dominica are added to the list.

The additions are the largest review of the list since the EU adopted it in December 2017. It was drawn up after revelations of widespread tax-avoidance schemes used by corporations and wealthy individuals to lower their tax bills.

Jurisdictions are added to the list if their tax rules enable tax evasion in other states. They are removed if they commit to reforms.

Blacklisted jurisdictions face stricter controls on transactions with the EU, although no sanctions have yet been agreed by EU states.

(Reporting by Francesco Guarascio; editing by Andrew Heavens, Larry King)

Source: OANN

0 0

Polish newspaper’s front page sparks outrage after it instructs ‘how to spot a Jew’

A right-wing newspaper in Poland sparked widespread criticism after running an anti-Semitic article on its front page instructing readers “how to spot a Jew.”

The Polish-language weekly, Tylko Polska, or “Only Poland,” includes a list of supposed markers such as “Names, anthropological features, expressions, appearances, character traits, methods of operation,” and “disinformation activities.”

The newspaper’s front page – which also included a headline that read “How to defeat them? This cannot go on! – ran an article, which read, “Attack on Poland at a conference in Paris” – in reference to a Holocaust studies conference at the French capital last month that sparked criticism over alleged anti-Polish speakers, the Jewish Telegraphic Agency (JTA) reported.

It included a photo of Jan Gross, a Polish and Jewish Princeton scholar who wrote “Neighbors: The Destruction of Jewish Community in Jebwabne, Poland,” which is about the massacre of the Jewish people in Jebwabne by their non-Jewish neighbors during the Nazi occupation in Poland, the Washington Post reported.

JEWISH GRAVES DESECRATED IN FRANCE AS PEOPLE HIT STREETS TO COMBAT 'POISON' OF ANTI-SEMITISM

The newspaper was first spotted at the lower house of the Polish parliament – the Sejm – on Wednesday, as part of the weekly package of publications sent to lawmakers, JTA reported.

Opposition lawmaker Michal Kaminski called for prosecutors to investigate, as it's a crime in Poland to incite hatred based on race or religion. A lawmaker from the ruling right-wing party called for the paper to be banned altogether.

The director of the Parliament’s information center initially said his office could not take action because the paper was being sold from kiosks inside the Sejm, which was responsible for the choice of newspapers.

Andrzej Grzegrzolka also suggested that a court could look into the front page to decide whether “Only Poland” should be suspended under Polish law, the Post reported.

VICE PRESIDENT PENCE HONORS HOLOCAUST VICTIMS IN 1ST VISIT TO AUSCHWITZ

He later relented and announced his office would request that “Only Poland” be removed from the set of periodicals delivered to the Parliament.

“Situations such as this publication are absolutely marginal in Poland,” President Andrzej Duda said in a statement Thursday. “Nonetheless each and every one of them deserves condemnation, including the one in question.”

According to JTA, the newspaper is published by Leszek Bubl, a fringe nationalist political candidate. In the past, he has sung anti-Semitic songs about “rabid” rabbis.

CLICK HERE TO GET THE FOX NEWS APP

Poland, which was home to Europe's largest Jewish community before the 1939 occupation by Nazi Germany, has a history of anti-Semitic speech and actions. The government has also been accused in the past of trying to rewrite history by banning any suggestion of Polish complicity in the Holocaust.

The Associated Press contributed to this report.

Source: Fox News World

0 0

Britain, EU agree to delay Brexit deadline until Oct. 31

European leaders and British Prime Minister Theresa May agreed Wednesday to push the final deadline for the U.K. to depart the bloc until Halloween, with European Council President Donald Tusk warning British politicians to "not waste this time" without ratifying a formal withdrawal agreement.

Britain had been due to leave the EU on Friday, but May rushed to an emergency summit in Brussels to plead with her European counterparts to hold off on saying goodbye for a couple more months. The prime minister had asked for a delay only until June 30, but Tusk said in a tweet that she had agreed to a longer "flexible" extension, which provides for Britain to leave any time before Oct. 31 provided Parliament ratifies a divorce deal and passes accompanying legislation to ensure a smooth transition out of the EU.

At a news conference late Wednesday, May said she wanted to leave the EU "as soon as possible," and added that Brexit could still be accomplished before the end of June if lawmakers backed the withdrawal agreement she negotiated with EU leaders earlier this year.

"The timetable is clear," said May, who had said earlier in the day she hoped the deal could be ratified as soon as May 22, which would avoid the need for Britain to participate in elections for the European Parliament.

May spoke to the 27 EU leaders for just over an hour before they met for dinner without her to decide Britain's fate. In contrast to some testy recent summits, there were signs of warmth and even humor. May and German Chancellor Angela Merkel were seen laughing over a tablet bearing an image showing the two of them speaking to their respective Parliaments on Wednesday wearing similar blue jackets.

Many leaders said they were inclined to grant a Brexit delay, though French President Emmanuel Macron had reservations after hearing May speak. An official in the French president's office said the British leader hadn't offered "sufficient guarantees" to justify a long extension.

Macron told reporters that he had agreed to the six-month extension "to preserve the unity" among the 27 member states and to give Britain "more time to deliver a deal." He added that it was "up to Britons to be clear with themselves and their people" in next month's European elections.

The withdrawal agreement already has been rejected three times by the House of Commons, forcing May to scramble to find common ground with the main opposition Labour Party. Labour has indicated it favored a softer Brexit than the government has proposed and wanted to retain a close economic relationship with the bloc. Those efforts had yet to achieve a breakthrough, though the two sides said they would resume discussions Thursday.

CLICK HERE TO GET THE FOX NEWS APP

As Britain's departure date of March 29 approached with no resolution in sight, the EU gave Britain until Friday to approve a withdrawal plan, change course and seek a further delay to Brexit, or crash out of the EU with no deal to cushion the shock. Economists and business leaders have warned that a no-deal Brexit would lead to huge disruptions in trade and travel, with tariffs and customs checks triggering gridlock at British ports and possible shortages of goods.

May said last month that "as prime minister" she could not agree to let Britain stay in the EU beyond June 30. She also has promised to step down once Brexit is delivered. Many Conservative Party lawmakers have said they'd like her to quit now and let a new leader take charge of the next stage of Brexit. But, they can't force her out until the end of the year after she survived a no-confidence vote in December.

The Associated Press contributed to this report.

Source: Fox News World

0 0

Merck KGaA wins Versum’s support for sweetened $6.5 billion offer

FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt
FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo

April 8, 2019

(Reuters) – Merck KGaA won the support of Versum Materials Inc’s board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris.

“This proposal constitutes a ‘Superior Proposal’ as defined in Versum’s previously announced merger agreement with Entegris, Inc.,” Versum said in a statement on Monday.

On a per share basis, Merck offered $53, up from $48 previously, after reviewing business data and following meetings between Merck Chief Executive Stefan Oschmann and Versum Chairman Seifi Ghasemi, filings showed.

Entegris has the right to propose revisions to the existing merger agreement until April 11.

Versum will owe its jilted partner $140 million in termination fees if it agrees to be bought by Merck.

Versum, the former specialty chemicals division of industrial gases group Air Products, had previously opposed Merck’s overture, saying it was committed to an all-share merger with Entegris, agreed in January.

Merck last month launched a hostile all-cash takeover offer to Versum shareholders – with a price tag of $5.9 billion including debt – as the German pharma group looks to boost its presence in the semiconductor materials market.[L3N21G3QZ]

Based on about $700 million in assumed Versum debt and about 109 million shares, the increased Merck offer would be worth close to $6.5 billion.

(Additional reporting by Saumya Sibi Joseph in Bengaluru; Editing by Anil D’Silva/Keith Weir)

Source: OANN

0 0

Germany Extends Ban on Arms Sales to Saudi Arabia

Germany has extended its current ban on arms exports to Saudi Arabia for six more months, ending on September 30, Chancellor Angela Merkel’s spokesman Steffen Seibert said on Thursday.

During that period, no new contracts will be approved, Seibert said. The decision came after Merkel met with members of her cabinet to review the policy.

The German government had placed a temporary ban on weapons sales to Saudi Arabia in October 2018, following the controversial killing of journalist Jamal Khashoggi at a Saudi consulate in Istanbul.

At the time, Merkel said that no new exports to the country would be allowed until the circumstances of Khashoggi’s death had been established. But more recently, the chancellor indicated that Germany needed to be more flexible.

Graph showing German arms exports to Saudi Arabia

Criticism From the UK and France

The ban has divided Merkel’s governing coalition, but it has also drawn criticism from France and Britain. Both countries have decried the fact that the Saudi weapons freeze also bars sales of arms manufactured in different countries that happen to have German components in them.

France’s Ambassador to Germany, Anne-Marie Descotes, said this week that Germany’s arms export policy and cumbersome licensing rules threatened future bilateral defense projects.

Descotes warned that this debate would leave companies preferring “German-free arms products” — in other words, weapons systems that did not include German components.

She also admonished Germans for treating the debate as if weapons exports were a domestic policy matter, when in fact “it has serious consequences for our bilateral cooperation in the field of defense, and for the strengthening of European sovereignty.”


Mohammed bin Salman was behind the Yemen War that has claimed the lives of over 13,000 including 3,000 children. Will the gruesome beating, murder & dismemberment of a journalist — reportedly captured by his Apple Watch — cause even establishment neocons to stop supporting the brutal Saudi regime?

Effective Measures?

In an attempt to quell these concerns, the German government agreed to extend export licenses that have already been granted for nine months, in an effort to spare these companies the costly and time-consuming process of applying for a new license.

Germany also called on France and Britain to ensure that its weapons systems deliveries to Saudi Arabia or the United Arab Emirates would not be used in the Yemen conflict.

There is also evidence that Germany’s arms export controls are ineffectual, despite France’s insistence: in February investigations by DW and others revealed that German weapons are being used in Yemen, despite Germany’s export controls.

“The re-start of arms exports to Saudi Arabia would be a fatal foreign policy signal and would contribute to the continued destabilization of the Middle East,” Green party spokesman Omid Nouripour told DW. “We need a common European arms export policy that excludes exports into war zones.”

Global Trade

According to a report released this month by the Sweden-based Stockholm International Peace Research Institute (SIPRI), arms sales to the Middle East almost doubled in the 2014-2018 period compared with 2009-2013.

Saudi Arabia received nearly 1 in 4 US weapons that were sold in the most recent period. It also imported more weapons than any other country, raking in 12 percent of global imports.

Germany increased its international arms sales by 13 percent, with German-built submarines enjoying particularly strong demand abroad.


Alex Jones gives his personal view on how the United States should intervene in South America.

Source: InfoWars

0 0

Beto O’Rourke, no longer the shiny new candidate, says he’s still ‘in a good place’

Beto O’Rourke isn’t the shiny new thing anymore in the race for the Democratic presidential nomination.

Indeed, the media spotlight and the momentum appear to have shifted in recent weeks to South Bend, Ind., Mayor Pete Buttigieg, whose candidacy has surged over the past month.

O'ROURKE CONFRONTED AT TOWN HALL

But O'Rourke, a former three-term congressman from El Paso, Texas, says he's not fretting.

“I feel great,” he told Fox News on Thursday. “I feel like we’re in a good place.”

He added: “I think more than any other candidate, we’ve been showing up answering questions. I think we’ve answered nearly 600 questions so far in a little bit more than a month. Have visited more communities. That’s what I want to do. That’s democracy.”

O’Rourke spoke with Fox News during stops in Derry and Concord, N.H., making his second trip since launching his campaign to the state with the first primary in the race for the White House.

THE LATEST 2020 REPORTS FROM FOX NEWS

O’Rourke was soaring in the polls and was posting eye-popping fundraising figures as he basked in generous media attention and large crowds on the campaign trail in the weeks after he declared his candidacy in last month.

But even if the sheen has diminished to some degree, O’Rourke remains a draw on the campaign trail. Derry’s Grind Rail Trail Cafe was packed with voters eager to get a look at the former congressman, who nearly upset Republican Sen. Ted Cruz of Texas last year. And a crowd of a couple of hundred watched him at Gibson’s Bookstore in Concord, a key stop for Democratic White House hopefuls.

“We show up for everyone. We take no one for granted,” he told the audience.

In an interview after the event, O’Rourke pointed to the calendar, emphasizing that “we’re still roughly 10 months out from the first votes being cast. And that’s a lot of time, a lot of miles, a lot of hours, a lot of town halls, a lot of questions, and I’m up for it and I’m looking forward to it.”

He discounted early polling, saying, “I just am not concerned about, nor am I following, the polls. You may know that throughout the Senate campaign we never hired a pollster or participated in a focus group.”

O’Rourke raised more than $9 million in the 18 days from the launch of his campaign through March 31, which was the end of the first quarter of fundraising. Asked if he can keep up that pace in the second quarter, he noted that “there are more people who have given to us (in last year’s Senate campaign) that can give for the first time in this race, or who can give additional amounts. I think that speaks to our ability for capacity and pace.”

He said he'll tap his nascent campaign war chest to increase staff in New Hampshire and other early-voting states, and “use that money doing what we’re doing here, ensuring that we have an ability to show up everywhere, in every part of every state that we go to.”

BIDEN JOINS STRIKING UNION MEMBERS AS 2020 SPECULATION MOUNTS

O’Rourke’s trip to the Granite State came days before a likely presidential announcement by onetime Vice President Joe Biden.

O’Rourke said Biden “would be a great addition to an already outstanding field of Democratic contenders. He certainly brings something to the conversation, to the debates.”

Ahead of O'Rourke's arrival in New Hampshire, the Republican National Committee painted him as one more too-liberal Democrat supporting fringe proposals.

"Beto’s socialist schemes would kill jobs, hike taxes and reverse our country’s roaring economic success," RNC spokesperson Mandi Merritt told Fox News.

Source: Fox News Politics

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



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

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

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

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

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

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

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

Title

Artist