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Collapsing Birth Rates Cannot Sustain Socialism

There is a real crisis in the fertility rate which has fallen to such a low level that all the socialism going forward will simply collapse.

What used to be the Baby Boom is now being called the “Baby Bust,” which means that in all first-world countries there is a real crisis for they have insufficient children to maintain their population size.

This has been one excuse for allowing the refugees into Europe.

As the population dwindles, all the social programs are collapsing for they were NEVER designed properly from the outset. They are based on a Ponzi scheme where they rely on taxing a growing younger population to service the benefits of the older generation. This was the entire scheme behind Obamacare. Force the youth to buy insurance they do not need to reduce the cost for the elderly.

These findings were a huge surprise to those in government. They did not think it was even possible.

The joke is that we will have more grandparents than grandchildren. A study published in the Lancet followed trends in every country from 1950 to 2017. During 1950, women were having an average of 4.7 children in their lifetime. The fertility rate all but halved to 2.4 children per woman by last year. They compared countries in Africa, such as Niger, where the fertility rate was 7:1 compared to countries like Cyprus where couples had just one child meaning that would be a 50% decline in population.

Even in Britain, the fertility rate has dropped to 1.7, which is similar to most Western European countries. Anything below 2 children per couple means a net population decline.

This data clearly warns that the Ponzi scheme set up first in the New Deal of the Great Depression is no longer sustainable. The cost of childcare has skyrocketed and the rise in taxation has forced women to work, making childcare mandatory, but not affordable for 2 or more children.

This creates an unsustainable future for taxation.



Will our humanity survive if cyborgs become a commonplace reality?

Source: InfoWars

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Pink Floyd’s Waters slams Venezuela border aid concert

FILE PHOTO: Musician Waters performs at Staples Center in Los Angeles
FILE PHOTO: Musician Roger Waters performs at Staples Center in Los Angeles, California, U.S., June 20, 2017. REUTERS/Mario Anzuoni/File Photo

February 19, 2019

By Brian Ellsworth and Sarah Marsh

CARACAS (Reuters) – Pink Floyd co-founder Roger Waters slammed an upcoming “Live Aid”-style concert to raise funds for humanitarian aid for Venezuela, calling the event a U.S.-backed effort to tarnish the socialist government in a video circulating on Tuesday.

Billionaire Richard Branson is backing the Friday show in the Colombian border city of Cucuta with a fundraising target of $100 million to provide food and medicine for Venezuelans suffering widespread shortages.

Latin singers Alejandro Sanz, Nacho, Luis Fonsi and Maluma have so far confirmed they will perform in the concert, which has evoked comparisons to Irish rock star Bob Geldof’s 1985 global “Live Aid” concert to raise money for famine relief in Ethiopia.

“It has nothing to do with humanitarian aid at all,” the 75-year old Waters said. “It has to do with Richard Branson … having bought the US saying, ‘We have decided to take over Venezuela, for whatever our reasons may be.'”

“Venezuela Aid Live” is part of a broader western relief effort organized by Venezuela’s opposition, that blames the ruling Socialists for the economy’s hyperinflationary downwards spiral that has sparked the exodus of millions.

President Nicolas Maduro, who is facing growing international pressure to step down after his disputed re-election last year, denies there is a humanitarian crisis.

The United States is openly backing Maduro’s rival and congress chief Juan Guaido, who last month invoked constitutional provisions to declare himself interim president.

The opposition plans to bring aid into Venezuela on Saturday from collection points in neighboring countries including Cucuta via sea and land, despite Maduro’s refusal to let it in, setting up a possible confrontation with authorities.

Waters, the British rock group’s principal songwriter who penned many of the hit songs on the hugely popular albums “The Dark Side of the Moon” and “The Wall,” said the relief effort was part of the United States’ attempts to paint a false picture of Venezuela to justify regime change.

To date there was “no mayhem, no murder, no apparent dictatorship” in Venezuela, he said, despite even government data putting the homicide rate among the world’s highest.

“Do we really want Venezuela to turn in to another Iraq or Syria or Libya? I don’t and neither do the Venezuelan people,” Waters wrote.

This is not the first time the bass player has weighed into South American politics. During a concert in Brazil ahead of presidential elections there last year, Waters spoke out against then right-wing candidate Jair Bolsonaro, who is now president.

Maduro’s government this week announced two concerts on Friday and Saturday just across the border from Cucuta to rival Branson’s “Aid Live” show.

A spokeswoman for Branson’s Virgin did not immediately respond to a request for comment.

(Reporting by Brian Ellsworth and Sarah Marsh; editing by Bill Berkrot)

Source: OANN

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American Express first-quarter profit falls 5 percent

An American Express credit card is seen on a computer keyboard in this picture illustration
FILE PHOTO: An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration

April 18, 2019

(Reuters) – Credit card issuer American Express Co said on Thursday its quarterly profit fell 5 percent, as it spent more on its rewards program.

The company said net income fell to $1.55 billion, or $1.80 per share, in the first quarter ended March 31, from $1.63 billion, or $1.86 per share, a year earlier. (https://reut.rs/2VQDifq)

Total revenue, excluding interest expense, rose 7 percent to $10.36 billion.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Shinjini Ganguli)

Source: OANN

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Gov. Cuomo Backs NY Effort to Obtain Trump Tax Returns

New York Gov. Andrew Cuomo supports a legislative effort to gain President Donald Trump's state tax returns.

Cuomo's senior adviser Richard Azzopardi told The New York Times, "As long as it applies to everybody, we support it."

Democrats have demanded Trump release his tax returns for years, starting when he was a presidential candidate in 2015. The president claims his returns are under audit and so he will not make them public.

A new piece of legislation in the New York Senate would grant the New York Department of Taxation and Finance the authority to make any tax return public under certain conditions.

"This proposal authorizes the Commissioner of the Department of Taxation and Finance to furnish state tax return or return information upon written request of the chairperson of the U.S. House Ways & Means Committee, the U.S. Senate Finance Committee, or the Joint Committee on Taxation," the bill reads.

The tax returns, the bill states, must be requested for a "specified and legitimate legislative purpose."

Democrats have launched a wide-ranging investigation into Trump's background and are demanding to see an unredacted copy of special counsel Robert Mueller's report on Russian interference in the 2016 election. Mueller found neither Trump nor his campaign conspired with the Russians to beat Hillary Clinton.

Source: NewsMax Politics

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Ex-Nissan chief Ghosn seeks permission to attend board meeting on Tuesday: Yomiuri

FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo
FILE PHOTO : Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo

March 10, 2019

TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn is seeking permission from the Tokyo District Court to attend the company’s board meeting on Tuesday, Yomiuri newspaper reported on Monday.

The Tokyo District Court is expected to decide whether it will give permission as soon as Monday, the report said.

Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to set up a joint board meeting structure to discuss issues related to their alliance in a step toward integration of operations, TV Tokyo reported on Sunday.

(Reporting by Kaori Kaneko; Editing by Sam Holmes)

Source: OANN

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Attack on Argentine chief rabbi raises fear of anti-Semitism

A brutal attack on Argentina's chief rabbi has alarmed authorities both in the South American nation and in Israel, who raised concerns it could be a case of anti-Semitism.

Several assailants entered the Buenos Aires home of Rabbi Gabriel Davidovich on Monday and beat him, identifying him as the chief rabbi of the Argentine Israelite Mutual Association, one of the country's most prominent Jewish groups.

Davidovich was in a hospital Tuesday with broken ribs and a punctured lung.

Argentine President Mauricio Macri expressed support for Davidovich in a tweet. Israel Prime Minister Benjamin Netanyahu issued a statement saying: "We must not let anti-Semitism rear its head."

Israeli President Reuven Rivlin phoned Davidovich and expressed concern "about the safety of the large Jewish community you lead."

Source: Fox News World

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Firearms Registration Act Introduced in Pennsylvania

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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

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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

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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

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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

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

April 26, 2019

By April Joyner

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source: OANN

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