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

Libyan militias vow to stop commander’s move on Tripoli

Libyan militias in the country's west are vowing to confront a rival army commander's attempt to seize the capital, Tripoli, raising the prospect of renewed civil war.

The advancing forces of Khalifa Hifter, who runs the self-styled Libya National Army based in the country's east, have sparked fears of a major showdown with the militias that control Tripoli.

The militias from the western cities of Zawiya and Misarata posted on social media early on Friday that they're mobilizing to confront Hifter, hours after he ordered his fighters to march on Tripoli.

They posted: "We are the revolutionaries and the elders ... we declare we are on full mobilization and war."

Since the 2011 uprising that ousted and killed Moammar Gadhafi, Libya has slid into chaos and frequent spasms of violence.

Source: Fox News World

0 0

China Halts Use of Boeing Aircraft After Crash

DNA Force Plus

Limited Advanced Release

149.95

99.50

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

99.50

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

99.50

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

Source: InfoWars

0 0

China’s Evergrande says to start making electric vehicles in June

An exterior view of China Evergrande Centre in Hong Kong
FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Picture taken March 26, 2018. REUTERS/Bobby Yip

March 19, 2019

BEIJING (Reuters) – Chinese property firm Evergrande Group will start producing its first electric vehicles in June as part of a goal to become the world’s largest new energy vehicle (NEV) company within the next three to five years, according to its chairman.

Hui Ka Yan made the comments at a conference in the eastern city of Tianjin over the weekend, according to a statement published on the company’s website on Tuesday.

“The new energy automobile industry has a huge market prospect. Evergrande has completed the entire industrial chain layout in the field of new energy vehicles,” Hui said.

He also said that Evergrande plans to start selling its first electric vehicle model globally “soon”, which will use electric car production technology from Swedish car makers Saab and Koenigsegg, and drive systems from Netherlands’ e-Traction, according to the statement.

Evergrande, China’s second-largest property developer by sales, has been aggressively expanding into the automotive space in search of new areas of growth as the Chinese property market slows.

Its subsidiary, Evergrande Health, invested in vehicle manufacturer National Electric Vehicle Sweden AB and Chinese auto battery maker Shanghai CENAT New Energy Co this year. It is also the majority investor in Swedish super car brand Koenigsegg.

Not all of its investments have gone smoothly, however.

Last year, Evergrande Health bought 45 percent of Chinese electric vehicle firm Faraday Future as part of a $2 billion plan but the deal eventually turned sour. The companies have since ended their legal fight.

Sales of NEV vehicles have remained a bright spot in China’s car market, jumping 61.7 percent in 2018 to 1.3 million vehicles even as the overall car market contracted for the first time since the 1990s. China’s biggest auto industry association predicts NEV sales to hit 1.6 million this year.

(Reporting by Yilei Sun and Brenda Goh; Editing by Muralikumar Anantharaman)

Source: OANN

0 0

French Billionaires Pledge Hundreds of Millions to Rebuild Notre Dame

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Source: InfoWars

0 0

Elliott calls for shareholder vote on Uniper domination agreement

FILE PHOTO: A logo of German energy utility company Uniper SE
FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in the company's headquarter in Duesseldorf, Germany, March 8, 2018. REUTERS/Thilo Schmuelgen/File Photo

March 21, 2019

FRANKFURT (Reuters) – Activist investor Elliott has called for a shareholder vote to instruct German utility Uniper’s management to enter negotiations with top investor Fortum over a domination agreement.

Elliott, Uniper’s second-largest shareholder with 17.84 percent, wants its motion to be discussed at the group’s next annual general meeting on May 22, it said, adding that it would otherwise ask for an extraordinary general meeting.

Its proposal comes a month after Uniper and Fortum announced fresh cooperation talks in an attempt to repair their relationship, which has been strained ever since the Finnish state-owned group launched its hostile takeover attempt in 2017.

(Reporting by Arno Schuetze and Christoph Steitz; Editing by Riham Alkousaa)

Source: OANN

0 0

Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up

FILE PHOTO: Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at the Investing in African Mining Indaba conference in Cape Town
FILE PHOTO: Mark Bristow, chief executive officer of Barrick Gold, speaks during an interview at the Investing in African Mining Indaba conference in Cape Town, South Africa February 5, 2019. REUTERS/Mike Hutchings/File Photo

February 25, 2019

By Ernest Scheyder

HOLLYWOOD, Fla. (Reuters) – Barrick Gold Corp’s chief executive defended the world’s largest gold producer’s hostile $18 billion bid for Newmont Mining Corp, saying on Monday the deal is “logical” for an industry battling high costs and depleting resources.

Barrick, which recently completed a $6.1 billion acquisition of Africa-focused Randgold Resources, launched its all-stock bid on Monday, encouraging the U.S. rival to ditch a previously announced $10 billion takeover of Canada’s Goldcorp Inc.

“This gold industry needs to become more relevant to investors,” CEO Mark Bristow said in an interview on the sidelines of the BMO Global Metals & Mining Conference in Hollywood, Florida.

Bristow, known for his straight-talking and hands-on approach in running Randgold before the merger, said this deal “drives a further rationalization in our industry.”

Gold mergers and acquisitions have been scarce in recent years as companies focused on cutting costs in the face of investor criticism about capital management. But the need to bolster shrinking gold reserves to boost growth and take advantage of rising prices are providing the impetus for consolidation.

Barrick’s offer for Newmont has pushed the combined value of unsolicited M&A deals globally to $48.2 billion so far this year, the highest since 2006, according to data from Refinitiv.

Newmont said it had reviewed and rejected possible deals with Barrick and said its own $10 billion planned purchase of Goldcorp made more business sense.

“One has to question what the true motives behind going hostile are: Whether it’s really just to get bigger or it’s all ego-driven,” Newmont CEO Gary Goldberg told Reuters at the BMO conference, adding Newmont shareholders “don’t understand it (and) don’t see the value potential.”

Barrick said its acquisition of Newmont was contingent on the company scrapping the deal to buy Toronto-listed Goldcorp, adding that its offer was a “significantly superior” option for Newmont shareholders.

Goldberg said earlier on Monday a joint venture was a better way to extract value from the two companies’ mines in Nevada, the largest producer of gold and silver among U.S. states.

Newmont has 19 mines in the state, adjacent to Barrick’s own operations. Reuters had reported https://www.reuters.com/article/us-barrick-gold-newmont-mining/barrick-in-talks-with-newmont-to-combine-nevada-gold-operations-sources-idUSKCN1NA1GC in November that the miners were in talks to combine their operations in the state.

Talks of a joint venture fell through over Newmont’s demand for management control, Barrick’s Bristow said on a conference call with analysts. The deal marks Bristow’s first major strategic move at Barrick since taking the top position in January.

Newmont’s board of directors would “fully evaluate the Barrick proposal and respond in due course,” the company said.

Gold sector deals took off when Barrick paid $6.1 billion for rival Randgold, a deal that closed last month. That set off a fresh wave of bids, including Newmont’s offer for smaller miner Goldcorp, which would make the Colorado-based firm the world’s top gold miner if it closes as planned next quarter.

Shares of Newmont fell 0.7 percent to $36.22 at mid-afternoon, while Barrick’s Toronto shares dropped 2.7 percent.

Barrick is offering 2.5694 of its common shares for each Newmont share. That translates to about $33 per Newmont share, valuing the company at $17.85 billion, according to Reuters calculations.

The deals come as gold prices are rising, with gains of some 11 percent since October.

Newmont shareholders would hold about 44 percent of the combined company’s outstanding shares.

Barrick said the new company would match Newmont’s annual dividend of 56 cents per share which, based on the offer, would represent a pro-forma annual dividend of 22 cents per Barrick share.

(Additional reporting by John Benny in Bengaluru; Editing by Richard Chang and Phil Berlowitz)

Source: OANN

0 0

U.S. firm’s plan for Australia-China internet cable leaves Huawei trailing

FILE PHOTO: The logo of Huawei is seen at its showroom in Shenzhen
FILE PHOTO: The logo of Huawei is seen at its showroom in Shenzhen, Guangdong province, China March 29, 2019. REUTERS/Tyrone Siu/File Photo

April 10, 2019

SYDNEY (Reuters) – U.S. submarine cable company SubCom said on Thursday it would lay an internet link from Australia to Hong Kong through Papua New Guinea, deepening its involvement in a region where China’s Huawei Technologies Co Ltd has sought to expand.

The route is the most direct internet link yet between Australia and China.

It also includes a connection to Madang in PNG and possible branches to Port Moresby and to Honiara in the Solomon Islands – connections Huawei had agreed to make before Australia blocked its project there last year on security grounds.

The SubCom cable would likely stifle any commercial case for future Huawei cables in the region, according to Jonathan Pryke, director of Pacific Islands research at Sydney-based think-tank the Lowy Institute.

“From a development point of view, it’s great,” he told Reuters. “It would greatly increase the accessibility of internet in PNG.”

SubCom said it was commissioned to build the $380 million line by H2 Cable, a privately-owned Singapore-based firm, in a joint statement. It is due for completion in 2022 and also includes a possible trans-Pacific branch to Los Angeles.

Submarine cables, which can handle more information much faster and cheaper than satellites, carry the vast bulk of the globe’s telecommunications traffic. That makes them strategically sensitive pieces of infrastructure.

In the South Pacific, where they are sorely needed to improve expensive and slow satellite internet connections, cable construction has proven a flashpoint between China and Western powers seeking to contain its growing influence there.

Huawei, which won a tender to build a domestic cable network in Papua New Guinea in 2016 and also uses Madang as a hub, was shut out of building an international cable to Australia amid concern over the company’s links to China’s government.

The company says the concerns are unfounded. Australia promised to build the cable itself.

SubCom, which was sold by TE Connectivity Ltd last year to private equity firm Cerberus Capital Management LP, said the new cable would improve connectivity in the region and H2 said it would also boost capacity and speeds for Australia.

It was cautiously welcomed in the Solomon Islands, though there was some scepticism as to whether proposed branches would ever be built.

“All options for meshing the Pacific Islands are good for the development of the economies of these countries,” said Keir Preedy, chief executive of the Solomon Island Submarine Cable Company Ltd, which is developing the Solomons’ new cable.

(Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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