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Turkish central bank seen holding off easing for longer: Reuters Poll

File photo of Turkey's Central Bank headquarters is seen in Ankara
FILE PHOTO: Turkey's Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas/Files/File Photo

April 5, 2019

By Nevzat Devranoglu

ISTANBUL (Reuters) – Economists expect Turkey’s central bank to delay cutting rates until around July, and to ease policy less aggressively than previously thought, a Reuters poll showed on Friday after two weeks of volatility in the country’s financial markets.

The poll’s forecasts for the year-end policy rate ranged from 17.5 percent to 24 percent, with a median of 20.75 percent. The central bank has kept it at 24 percent since September when the Turkish economy was in the midst of a currency crisis the tipped it into recession.

Economists expected the bank to cut rates this year by a median total of 3.25 percentage points, down from a median of 5.00 percentage points in the previous Reuters poll done in late February. Respondents cited stubbornly high inflation, which remains around 20 percent.

The central bank has said it will keep monetary policy tight until inflation shows a convincing improvement. Food prices jumped earlier this year, boosting annual consumer price inflation, despite unorthodox government efforts to bring them down.

A sharp drop in the lira on March 22 set off a week of volatility ahead of local Turkish elections. It prompted the central bank to stop one-week repo auctions since March 25, effectively raising its funding rate by at least 1.5 percentage points, which was seen as a stop-gap tightening of policy.

Ten out of 11 economists in the Reuters poll predicted that the central bank would leave its repo rate unchanged at a policy meeting at the end of April, while one economist expected it to raise its rate to 25.5 percent to match average weighed cost of funding.

“We expect inflation to come down substantially in the second half of 2019 due to the combination of base effects and economic slowdown,” said Nora Neuteboom, economist at ABN Amro, adding that she expects the first rate cut by 1.25 percentage points, or 125 basis points, in July.

“We expect…a total easing of 500 (basis points) throughout the second half of 2019, albeit this is largely dependent on the market reaction to the first rate cut and the future inflation data,” Neuteboom said.

Asked about timing, three economists predicted the first rate cut would come in June while five pointed to July. One economist predicted September, another December, while one expected the central bank to leave rates unchanged throughout this year.

A previous poll showed most of the rate cut expectations focused on a June monetary policy meeting.

The central bank will announce its rate decision on April 25 at 2 p.m. (1100 GMT).

(Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)

Source: OANN

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Trump Administration Reevaluating Offshore Drilling Plans

The Trump administration said Thursday it is reevaluating its controversial plan to sharply expand offshore drilling as it responds to a court ruling that blocked oil and gas development off Alaska and parts of the Atlantic.

Governors and lawmakers from both Republican- and Democratic-led states have strongly opposed the expanded drilling. And a federal judge last month ruled against President Donald Trump's executive order to open the Arctic and parts of the Atlantic to broader oil and gas development, saying Trump had exceeded his authority.

Interior Secretary David Bernhardt told The Wall Street Journal on Thursday that the legal challenges may be "discombobulating" to the administration's overall drilling plans. Bernhardt says the administration may have to wait for the challenges to fully play out in court.

Interior spokeswoman Molly Block said that given the court setback, the agency "is evaluating all of its options."

The Interior Department's Bureau of Ocean Energy Management "will carefully consider all public input received, including comments from governors of affected states, before making final decisions" on expanded drilling off the country's coasts, Block added.

Environmental groups welcomed what they said amounted to a delay in the administration's coastal drilling expansion plans. Collin O'Mara of the National Wildlife Federation said the administration "needs to go one step further and fully and permanently scrap its plan to open our coasts to unfettered offshore drilling."

But Randall Luthi, head of the National Ocean Industries Association trade group, urged against a "hard stop" in administration planning on expanded offshore drilling. "What cannot be delayed ... is the importance of domestic production to meet the growing demand for affordable, reliable American energy," he said.

The Trump administration announced a new five-year plan last year that would open up 90 percent of U.S. offshore reserves to development by private companies. Then-Interior Secretary Ryan Zinke said it would promote responsible energy development, boost jobs and pay for coastal conservation efforts.

The plan calls for expanded drilling in the Arctic and off the Atlantic coast and would open up waters off California for the first time in more than three decades. Drilling would be allowed from Florida to Maine in areas that have been blocked for decades.

Industry groups said the plan would encourage economic growth and create thousands of jobs, while environmental groups denounced the plan, saying it would cause severe harm to America's oceans, coastal economies, public health and marine life.

The plan drew bipartisan criticism in Congress, as lawmakers in coastal states said oil drilling off the coast could put their economy, environment and marine life at risk.

Governors from coastal states asked to be removed from the plan, but Interior officials said they were pressing forward even as they promised to take local concerns into consideration.

Offshore drilling was a key factor as the Senate confirmed Bernhardt as interior chief this month. Florida Republican Sens. Marco Rubio and Rick Scott voted in favor of Bernhardt after receiving assurances from him and other administration officials that Florida would be excluded from drilling proposals. A moratorium on offshore drilling in Florida expires in 2022.

Rubio said in a statement on the day of the vote that he is "confident that when all is said and done the ban on oil drilling off of Florida's coasts will remain in place."

Bernhardt has declined to publicly rule out drilling off any state, including Florida.

Source: NewsMax America

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Democrats to press star witness of Mueller report to repeat performance in Congress

FILE PHOTO: White House Counsel McGahn listens to U.S. President Trump hold a cabinet meeting at the White House in Washington
FILE PHOTO: White House Counsel Don McGahn sits behind U.S. President Donald Trump as the president holds a cabinet meeting at the White House in Washington, U.S. June 21, 2018. REUTERS/Jonathan Ernst/File Photo

April 24, 2019

By David Morgan

WASHINGTON (Reuters) – Donald McGahn, the former White House counsel described in the Mueller report as repeatedly standing up to President Donald Trump, could become a star witness again if congressional Democrats get their way in their investigation of whether Trump used his office to obstruct justice.

Since the April 18 release of Special Counsel Robert Mueller’s report on Russian interference in the 2016 election and any ties to Republican Trump’s campaign, Democrats have seen McGahn as someone who could be as important as Mueller himself, according to a source familiar with the matter.

But the Democrats are likely to face Trump’s resistance. The Washington Post reported on Tuesday that the White House planned to oppose a subpoena by the House of Representatives Judiciary Committee for McGahn to testify.

Mueller’s 448-page partially blacked out report portrayed McGahn as one of the few figures in Trump’s orbit to challenge him when he tried to shut down the investigation that has clouded his more than two years in the White House.

“Mr. McGahn has been touted as a man of integrity and he is a major witness in the Mueller report,” said Sheila Jackson Lee, a member of the judiciary committee.

The White House did not immediately comment on the Washington Post report, which said Trump will claim executive privilege, a legal doctrine allowing the president to withhold information about internal executive branch deliberations from other branches of government.

McGahn’s attorney, William Burck, did not respond to requests for comment.

Democrats are particularly interested in hearing McGahn describe in his own words and in Congress an account in the Mueller report in which McGahn refused Trump’s instructions.

In June 2017 Trump called McGahn to say he should tell Deputy Attorney General Rod Rosenstein to remove the special counsel because he had conflicts of interest, the report said.

Trump also failed to get McGahn to dispute media reports that the president tried to fire Mueller, the report said.

“That, in itself, could be an obstruction of justice, as Mr. McGahn would be able to testify – that he was asked to do it and then asked not to tell anyone what he’d been asked to do,” Lee said.

Committee Chairman Jerrold Nadler, who has subpoenaed the U.S. Department of Justice to provide the unredacted Mueller report and underlying evidence, issued a subpoena on Monday for McGahn to provide the committee with documents by May 7 and testify on May 21.

But it was not clear that McGahn would comply, especially if the White House asserts executive privilege. Nor could Democrats predict how much the former White House counsel would be willing to discuss, even if he does testify.

On Tuesday evening, Nadler said, “The moment for the White House to assert some privilege to prevent this testimony from being heard has long since passed.”

The House of Representatives has the sole power under the U.S. Constitution to impeach the president, and any effort would be led by the judiciary panel.

Mueller’s report concluded that there was not enough evidence to establish that Trump’s campaign engaged in a criminal conspiracy with Moscow. However, the report outlined multiple instances where Trump tried to thwart Mueller’s probe.

Mueller stopped short of concluding whether Trump could be prosecuted for obstruction of justice, a criminal charge that requires proof beyond a reasonable doubt.

But such a high standard would not apply to Democrats if they decided to bring impeachment proceedings.

In the days following the Mueller report’s release, McGahn came under attack from Trump’s personal attorney Rudolph Giuliani who called into question the veracity of his statements to Mueller’s team of prosecutors.

“I would ask which of the three versions is McGahn standing by. There are three versions he gives of that account,” Giuliani told CNN over the weekend. “I’m telling you, he’s confused.”

A prominent elections lawyer, McGahn served as Trump’s campaign counsel before being named White House counsel in November 2016.

He played a pivotal role in helping Trump reshape the federal judiciary in a conservative direction and roll back regulations on a range of industries.

(Reporting by David Morgan, Karen Freifeld and Sarah N. Lynch; Editing by Noeleen Walder and Grant McCool)

Source: OANN

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Criticism mounts of Trump pick for U.S. Federal Reserve

FILE PHOTO: FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo/File Photo

April 12, 2019

By Pete Schroeder and Howard Schneider

WASHINGTON (Reuters) – Potential Federal Reserve board nominee Stephen Moore, picked by U.S. President Donald Trump, faced new criticism on Friday, with Democratic Senator Elizabeth Warren accusing him of lacking competencies to serve in that role.

Economists and other critics have expressed concerns about Moore, a conservative economic commentator, and another Trump loyalist nomination to the Fed’s Board of Governors, serving on the traditionally nonpartisan central bank.

Warren, a Democrat who is running to challenge Trump in the 2020 election, said Moore had “a long history of making wildly inaccurate claims about economic policy that appear to serve political ends.”

“Americans should be able to trust that policymakers … have some command over basic mathematical and economic concepts and allegiance to facts,” she wrote in a letter to Moore.

Warren cited examples where Moore’s economic commentary appeared in conflict with other research or Moore’s earlier stances. She included a multiple-choice questionnaire asking if he still held prior views, including describing himself as “not an expert on monetary policy.”

Moore did not immediately respond to an email seeking comment.

Moore, and fellow Trump nominee Herman Cain, a former restaurant chain executive, are battling for the two vacant seats on the Fed’s Board of Governors, positions that would give them a say for years on interest-rate policy and bank regulation.

Analysts say Moore has at times sounded like a “hard money” advocate. In 2015, he said that the Fed’s crisis-era polices were “cheapening our dollar … We have got to get rid of the Federal Reserve and move toward a gold standard in this country.”

The dollar in 2015 was in the middle of a six-year rise in value against a basket of foreign currencies. Moore now says he wants to cut interest rates, which would generally weaken the currency.

He has also said he changed his mind about the gold standard and advocated tying Fed policy to a commodity index, which he said former Chairman Paul Volcker used to tame inflation. Volcker did not use such a rule.

Warren sent a separate letter to Cain, a former Republican presidential candidate, also describing him as unsuitable for the post.

Cain’s potential nomination appears to be in trouble, as multiple Republican senators, whose votes he would need for confirmation, have already said they would oppose him.

Neither nomination has been formally sent to the Senate but Trump has said he will put their names forward.

(Reporting by Pete Schroeder, Howard Schneider and Trevor Hunnicutt; Editing by Susan Thomas)

Source: OANN

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Biden Distances Himself From ‘Socialist’ Left That’s Changing ‘The Definition of a Progressive’

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Source: InfoWars

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California man pulled over with more than $10G in stolen Disneyland merchandise, cops say

California authorities caught a thief who was stealing from the “happiest place on earth.”

California Highway Patrol officers said they recovered more than $10,000 worth of stolen Disneyland merchandise Friday after they pulled over a man who drove past a school bus with its red light flashing and stop sign displayed.

The man, who was not identified, was driving a Nissan Sentra when he was pulled over in Rosamond, police said. The officer discovered not only was the man driving with a suspended license, but he also had a slew of stolen merchandise and drugs on him.

BOY, 7, PICKS OF BAG OF COCAINE, FENTANYL DROPPED BY MAN IN SUBWAY, POLICE SAY

It’s unclear how he managed to steal the merchandise. Rosemon is about a 108-mile drive from Disneyland, according to Google Maps.

Officials stopped the vehicle after it drove past a school bus with its flashing lights and stop sign displayed.

Officials stopped the vehicle after it drove past a school bus with its flashing lights and stop sign displayed. (California Highway Patrol)

The man was arrested and booked into jail.

“We were able to contact Disneyland Security and will make arrangements to have the items returned. Disneyland can now return to being the happiest place on earth,” police said.

Source: Fox News National

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China to prosecute former Interpol chief for graft

FILE PHOTO: INTERPOL President Meng Hongwei poses during a visit to the headquarters of International Police Organisation in Lyon
FILE PHOTO: INTERPOL President Meng Hongwei poses during a visit to the headquarters of International Police Organisation in Lyon, France, May 8, 2018. Jeff Pachoud/Pool via Reuters/File Photo

March 27, 2019

BEIJING (Reuters) – China will prosecute former Interpol chief Meng Hongwei for graft after an investigation found he was suspected of taking bribes and breaking discipline rules, the ruling Communist Party’s anti-corruption watchdog said on Wednesday.

Meng has also been expelled from the party, it added.

Last year, Interpol, the France-based global police coordination organization, said Meng had resigned as its president after French authorities said he had been reported missing by his wife after traveling to his home country.

(Reporting by Ben Blanchard; Editing by Robert Birsel)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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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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Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

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“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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