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Was Trump trying to silence Cohen? Mueller wasn’t sure

Days after the FBI raided Michael Cohen's home and office last year, President Donald Trump called his longtime fixer and urged him to "stay strong" and "hang in there" in the face of the intensifying investigation.

That call was among several assurances Cohen says he received that the White House would have his back so long as he "stayed on message," special counsel Robert Mueller said in his long-awaited report on his Trump investigation. The redacted 448-page document was made public Thursday.

Mueller's team said it found evidence to suggest that the president intended to discourage Cohen from cooperating with federal authorities, noting among other things that after Cohen flipped on his boss, Trump branded him a "rat" and publicly suggested Cohen's family members had committed crimes.

Ultimately, however, the special counsel reached no conclusion on whether Trump obstructed justice. And last month, upon receiving Mueller's report, Attorney General William Barr decided Trump shouldn't be prosecuted.

Cohen, 52, is set to report to prison next month to begin serving a three-year sentence after pleading guilty to crimes that included lying to Congress about a Trump Tower project in Moscow and arranging the payment of hush money to a porn star and a Playboy centerfold who claimed to have had affairs with Trump.

The Mueller report, though blacked out in places, offers a window into the quiet support Cohen received from Trump before he turned on his longtime boss and began cooperating with federal prosecutors.

In the months after the April 2018 raid against Cohen by the FBI, Trump associates sought to assure him that the president intended to take care of him. Someone associated with the Trump Organization — whose name is blacked out of the report — told Cohen that "everyone knows the boss has your back." Another time, a friend of the president's reached out to tell Cohen that he was with "the Boss" at Mar-a-Lago and that Trump said "he loves you" and not to worry, according to the report.

Cohen "believed he needed the power of the President to take care of him," he told Mueller's team, noting his legal fees were still being paid at the time by the Trump Organization.

But Cohen grew increasingly worried and asked one Trump attorney "what was in it for him," the report says. Cohen "discussed pardons with the President's personal counsel and believed that if he stayed on message he would be taken care of."

By June 2018, however, he had broken with the president, saying in an interview that he needed to put family and country ahead of his loyalty to Trump. Trump reacted by lashing out at him and later, in what Cohen regarded as a threat, accused Cohen family members of illegal acts.

"The evidence concerning this sequence of events," the Mueller report says, "could support an inference that the President used inducements in the form of positive messages in an effort to get Cohen not to cooperate, and then turned to attacks and intimidation to deter the provision of information or undermine Cohen's credibility once Cohen began cooperating."

Some of Cohen's statements to Mueller's team were blacked out of the report. But Cohen attorney and spokesman Lanny Davis tweeted Thursday that Cohen has "7 days, 70 hours, + 100 pages of what #TeamMueller knows and can fill in the bulk of the redactions."

Cohen himself tweeted: "Soon I will be ready to address the American people again ... tell it all ... and tell it myself!" It wasn't clear how or when he would do that.

Source: Fox News National

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New Zealand mass shooting suspect fires attorney, plans to represent himself: report

The Australian man accused of killing 50 people at two mosques in New Zealand last week has reportedly fired his attorney and has chosen to represent himself in court instead.

The 28-year-old suspect’s decision to be his own legal representation is driving speculation that he might try to use his trial as a platform to share his extremist views, the Washington Post reported.

The alleged shooter, who Fox News is not naming, has been charged with one count of murder in the attacks on Friday, which became New Zealand's deadliest mass shooting in modern history. He is expected to face additional charges at his next court appearance on April 5.

NEW ZEALAND MOSQUE SHOOTING SUSPECT 'CHANGED COMPLETELY' AFTER TRAVELING TO EUROPE, OTHER COUNTRIES, FAMILY SAYS

Richard Peters, his former attorney, said that his former client appeared “lucid” and “not mentally unstable.”

The suspect described himself as a white supremacist in a 74-page manifesto emailed to New Zealand Prime Minister Jacinda Arden’s office just minutes before the attack.

He reportedly grew up in New South Wales, Australia and worked as a personal trainer. Within a year of his father’s death in 2010, he quit his job, invested in cryptocurrency and reportedly began traveling the world using his inheritance and money from bitcoin investments.

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The suspect’s grandmother, Marie Fitzgerald, said the death of his father took a toll on him. After his world travels, she said, he returned home a changed man.

Katherine Lam and Louis Casiano contributed to this report.

Source: Fox News World

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Sarah Lawrence professor says college abandoned him to fight alone after protesters targeted him

A politics professor whose op-ed in The New York Times in October helped spark protests among liberal students at Sarah Lawrence College in Bronxville, N.Y., now claims the college and faculty have left him to fight the backlash alone.

Samuel J. Abrams, who has a PhD from Harvard University and an AB from Stanford University, told Fox News via email Monday evening: “Faculty have to hold the line on free speech and promote discourse. That didn’t happen at Sarah Lawrence, and I hope that my story is a warning that is heard around the country.”

Students claimed they were offended by the supposed “anti-Blackness, anti-LGBTQ+, and anti-woman bigotry” of Abrams, professor of politics at Sarah Lawrence College, and visiting scholar at the American Enterprise Institute, and staged a large sit-in. They also presented demands, such as a “tenure review.”

Samuel J. Abrams is a professor of politics at Sarah Lawrence College. (Sarah Lawrence College)

Samuel J. Abrams is a professor of politics at Sarah Lawrence College. (Sarah Lawrence College)

LORI LOUGHLIN APPEARED ‘ARROGANT’ IN COURT WHILE FELICITY HUFFMAN LOOKED ‘MORE GENUINE,’ SAYS SKETCH ARTIST

He said Monday evening that his philosophy was not an attack on students: “Viewpoint diversity is asking that multiple viewpoints are considered on campus and in the classroom. So that means rather than simply attack capitalism and free markets without a deep understanding of history and teach socialism, we also teach the value of markets, choice and individualism.”

He said his ideology has been to teach students the realities of adult life: “Rather than teach that government needs to get bigger, and is the solution to poverty and improving the welfare of Americans, and this is often the only view taught, we need to also teach how capitalism has lifted millions up, and allowed markets to make the nation efficient.”

Abrams said 40 professors endorsed the demand list, and 12 percent of the faculty “endorsed the students’ demand to challenge my tenure and my right to free speech and the expression of ideas.”

The college didn’t return Fox News’ request for comment.

“…With the (students’) latest attempt to attack academic freedom, the Sarah Lawrence faculty could have redeemed themselves and been galvanized to support free expression. Instead, they opted for silence — and, what’s worse, many of them were supportive of the student protesters’ demands,” Abrams wrote in The Spectator over the weekend.

He also wrote about the repercussions he received for the original opinion piece last fall: “There was a national media storm in which I was slandered and defamed, my family’s safety was threatened, and my personal property was destroyed on campus.”

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In the Times, Abrams wrote about original survey data of a “nationally representative sample of roughly 900 ‘student-facing’ administrators” which found “liberal staff members outnumber their conservative counterparts by the astonishing ratio of 12-1. Only 6 percent of campus administrators identified as conservative to some degree, while 71 percent classified themselves as liberal or very liberal.”

He added in the October opinion piece, “It’s no wonder so much of the nonacademic programming on college campuses is politically one-sided. … It appears that a fairly liberal student body is being taught by a very liberal professoriate — and socialized by an incredibly liberal group of administrators.”

Source: Fox News National

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Mormons repeal ban on baptisms for children of gay parents

The Church of Jesus Christ of Latter-day Saints is repealing rules unveiled in 2015 that banned baptisms for children of gay parents and made gay marriage a sin worthy of expulsion.

The surprise announcement Thursday by the faith widely known as the Mormon church reverses rules that triggered widespread condenmations from LGBTQ members and their allies.

The church in a statement says it isn't changing its doctrinal opposition to gay marriage and still considers same-sex relationships to be a "serious transgression."

But people in same-sex relationships will no longer be considered "apostates" who must be kicked out of the religion.

The change also marks the biggest move yet by church President Russell M. Nelson, who has made a flurry of changes since taking over the faith in January 2018.

Source: Fox News National

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The Latest: Netanyahu prepared to take more action in Gaza

The Latest on the Israel-Palestinian conflict (all times local):

3:45 p.m.

Israel's prime minister says he is prepared to take further military action in the Gaza Strip, but only as a last resort.

Benjamin Netanyahu made his comments Thursday as Egyptian mediators were trying to broker an expanded cease-fire between Israel and Gaza's Hamas rulers following a new round of fighting.

Netanyahu visited troops sent to the Gaza border this week after a two-day outbreak of fighting.

"If we need a broader operation, we will enter it strong and confident, and after we have exhausted all other options," he said.

Israel carried out retaliatory airstrikes against Hamas after a rocket fired from Gaza destroyed a house north of Tel Aviv and wounded seven Israelis. Palestinian militants responded with rocket barrages in some of the most intense fighting since a 2014 w

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3:10 p.m.

Egyptian mediators are heading to Israel to discuss a potential cease-fire plan with Hamas to end hostilities in the Gaza Strip that began earlier this week.

Three Hamas officials familiar with the negotiations said Thursday that the Egyptians offered Hamas a series of measures to ease the Egyptian-Israeli blockade on Gaza. In exchange, Hamas would have to pledge to halt rocket fire and keep protests along the Israeli border under control.

The officials say the deal would only take effect after a planned mass demonstration along the Israeli border. They spoke on condition of anonymity because the negotiations were ongoing. One of the officials described the atmosphere as positive.

Another official said the Egyptians were discussing the proposal with Israel on Thursday afternoon.

There was no immediate Israeli comment.

Source: Fox News World

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The Latest: Striking teachers rally at Oakland City Hall

The Latest on a teachers' strike in Oakland, California (all times local):

12:35 p.m.

Thousands of teachers, parents and students holding picket signs are rallying outside City Hall in Oakland, California, on the first day of a teachers' strike.

Picketers chanted "We are Oakland!" and some held signs saying "Kids Deserve Better."

Forty-nine-year-old Laravian Battle, a math teacher at Soujourner Truth alternative high school was among Thursday's protesters. She was named Oakland Unified's Teacher of the Year in 2016-17.

Battle blamed district mismanagement for budget cuts that have affected schools.

Bret Harte Middle School math teacher Lakiesha Golden, who is 49, says Oakland teachers work in one of the most challenging districts with the lowest pay.

District spokesman John Sasaki says officials boosted their offer to teachers on Wednesday and are waiting for a counteroffer from the union.

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11:05 a.m.

An Oakland Unified School District spokesman says negotiations with striking teachers will resume Friday and that school administrators hope to get a counter proposal from the union.

Spokesman John Sasaki says the district on Wednesday increased its proposal to a 7-percent raise over four years and a one-time 1.5 percent bonus. Its previous offer was 5 percent over 3 years.

He says it's now up to the teachers union to respond.

Sasaki says the district is already making cuts worth $22 million and that its financial situation makes it difficult "to make any more movement."

The city's 3,000 teachers went on strike Thursday to demand a 12-percent retroactive raise covering 2017 to 2020.

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10:05 a.m.

Oakland kindergarten teacher Kaki Blackburn says she is striking to demand a smaller class size and higher wages. Teachers went on strike Thursday seeking higher wages and smaller classes.

They are the latest in the U.S. to go on strike in recent months. Teachers in West Virginia, Denver and Los Angeles have staged walkouts over the last year.

Blackburn says her class has 29 children and that on the first day of school, there weren't enough desks for all the kids.

Blackburn was one of dozens of teachers outside Manzanita Community School, an elementary school, carrying signs saying "On strike For a Living Wage."

Manzanita Principal Eyana Spencer says 14 of the school's 450 students turned up for school Thursday.

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8:05 a.m.

Teachers in Oakland, California, have gone on strike demanding smaller class sizes and a 12 percent retroactive raise.

They are the latest in the U.S. to go on strike in recent months. Teachers in West Virginia, Denver and Los Angeles have staged walkouts over the last year.

The city's 3,000 teachers are demanding a 12 percent retroactive raise covering 2017 to 2020 to compensate for what they say are among the lowest salaries for public school teachers in the expensive San Francisco Bay Area.

They also want the district to hire more counselors to support students and more full-time nurses.

The walkout is expected to affect 36,000 students at 86 schools.

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7:40 a.m.

The leader of the union representing Oakland's teachers says teachers are being forced to go on strike because administrators refused to listen to their demands for two years.

Oakland Education Association president Keith Brown spoke Thursday ahead of a strike set to start at 8 a.m.

Brown says the union has been negotiating with the school district "to make our students a priority over outside consultants and central office administrators."

He adds "it's time for them to listen to the voices of the community."

The teachers want smaller class sizes, more counselors and full-time nurses, and a 12 percent retroactive raise.

Oakland educators will be the latest in the nation to go on strike. Teachers in West Virginia, Denver and Los Angeles have gone on strike in the last year.

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7 a.m.

Teachers are picketing in Oakland, California ahead of the country's latest strike by educators over classroom conditions and pay.

About 40 teachers are walking in a circle outside Oakland Tech High School holding green signs that read "On Strike Against Unfair Labor Practices."

The teachers are demanding a 12 percent raise and smaller class sizes.

The Oakland Educators Association called for the strike Wednesday after rejecting a proposal from the district for a 7 percent raise over four years and a one-time 1.5 percent bonus.

The walkout expected to start when school bells ring at 8 a.m. will affect 36,000 students at 86 schools.

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12 a.m.

Teachers in Oakland, California, plan to raise picket signs Thursday for the country's latest strike by educators over classroom conditions and pay.

The city's 3,000 teachers are demanding a 12 percent retroactive raise covering 2017 to 2020 to compensate for what they say are among the lowest salaries for public school teachers in the exorbitantly expensive San Francisco Bay Area.

They also want the district to hire more counselors to support students and more full-time nurses.

The walkout is expected to affect 36,000 students at 86 schools.

The Oakland Educators Association called for the strike Wednesday after rejecting a proposal from the district for a 7 percent raise over four years and a one-time 1.5 percent bonus.

Source: Fox News National

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Harris on O'Rourke Candidacy: The More the Merrier

Sen. Kamala Harris, D-Calif., a Democratic candidate for president, welcomed former Rep. Beto O’Rourke, D-Texas into the race on Thursday.

Her comments came during an interview with correspondent Peter Alexander on MSNBC’s “Andrea Mitchell Reports.”  Responding to a question on whether she sees O’Rourke as her main competitor, Harris said: “Oh, I think the voters will decide, but I mean as far as I’m concerned Peter, the more the merrier.  It’ll be a good race.”

And she added: “I probably have not studied him as much as you have but I will tell you that I think we have an embarrassment of riches among the Democrats who are running.  We have incredible public servants who are smart, whose voices are important and I think it’s going to be robust and a very healthy process and I’m looking forward to it.”

O’Rourke formally announced Thursday that he will seek the 2020 Democratic presidential nomination.

Source: NewsMax 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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