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

Politico: IG Report on Carter Page Warrant Aims to ‘Undermine’ Christopher Steele

The Justice Department’s inspector general has been scrutinizing the FBI’s use of information from the Steele dossier to conduct surveillance on President Donald Trump and his associates from his 2016 presidential campaign and will release his report as soon as next month, Politico reports.

IG Michael Horowitz has been examining the FBI for close to a year and is investigating whether the agency possibly abused the Foreign Intelligence Surveillance Act in October 2016 when it pulled a FISA warrant to surveil Carter Page based in part on information from Christopher Steele, a British ex-spy who claimed he was told by sources that Page and other Trump associates were working with Russians to help Trump win the election and boost Trump’s businesses.

The IG is reportedly focused on gauging Steele’s credibility as a source for the FBI, and the report “is going to try and deeply undermine Steele,” according to a source who spoke with Politico.

FISA allows U.S. agencies to secretly intercept a target's communications with court approval.

Horowitz is also looking into whether FBI officials Peter Strzok and Lisa Page, who exchanged anti-Trump text messages while working on the Russia investigation, were guided by politics in their official actions.

Trump has long slammed the dossier as “phony” and a “con job.”

The dossier was published by BuzzFeed in January 2017, after the election.

Steele was being paid for his research by Fusion GPS, an opposition research firm that was funded in part by the Clinton campaign and the Democratic National Committee.


Related Stories

Source: NewsMax Politics

0 0

Golf: Ko holds on for first major victory, wins ANA by three shots

LPGA: ANA Inspiration - Final Round
Apr 7, 2019; Rancho Mirage, CA, USA; Jin Young Ko tees off on the sixth hole during the final round of the ANA Inspiration golf tournament at Mission Hills CC - Dinah Shore Tournament Course. Kelvin Kuo-USA TODAY Sports

April 8, 2019

(Reuters) – Ko Jin-young clinched her first major victory when she fended off a challenge from fellow South Korean Lee Mi-hyang in the final round at the ANA Inspiration in Rancho Mirage, California on Sunday.

Ko had a one-shot lead with three holes to play following two quick bogeys, but a perfectly-judged 10-foot birdie putt at the 16th proved the decisive blow at Mission Hills.

She clinched in style with another birdie at the last for a two-under-par 70, beating Lee by three strokes and becoming the fifth Korean to win the event.

Ko, last year’s LPGA Rookie of the Year, finished at 10-under 278, while Lee carded 70 for second place, a shot ahead of American Lexi Thompson (67).

(Reporting by Andrew Both in Cary, North Carolina; Editing by Peter Rutherford)

Source: OANN

0 0

School bus collides with another vehicle, leaving 3 dead, including one child, authorities say

Three people, including a child, died Friday after a vehicle and school bus collided in Oklahoma, authorities said.

The child was riding on the school bus and the other two people confirmed dead were in the other vehicle involved in the Seminole County collision, the Oklahoma Highway Patrol said. Their identities have not been released.

Several others were injured. Details on the extent of their injuries and what led to the collision were not released. It was not immediately clear how many children were on the bus.

Authorities have closed a portion of highway US 377 in the town of Bowlegs, located 60 miles east of Oklahoma City, KOCO-TV reported.

CLICK HERE TO GET THE FOX NEWS APP

Investigators have not confirmed which school the bus was from.

Source: Fox News National

0 0

Mueller sends Russia probe report to U.S. attorney general

FILE PHOTO: Special Counsel Mueller departs after briefing members of the U.S. Senate on his investigation in Washington
FILE PHOTO: Special Counsel Robert Mueller (R) departs after briefing members of the U.S. Senate on his investigation into potential collusion between Russia and the Trump campaign on Capitol Hill in Washington, U.S., June 21, 2017. REUTERS/Joshua Roberts/File Photo

March 22, 2019

WASHINGTON (Reuters) – Special Counsel Robert Mueller has handed in a keenly awaited report on his investigation into Russia’s role in the 2016 presidential election and any potential wrongdoing by U.S. President Donald Trump, the Justice Department said on Friday.

Mueller submitted the report to Attorney General William Barr, the top U.S. law enforcement official, the department said. The report was not immediately made public – Barr will have to decide how much to disclose – and it was not known if Mueller found criminal conduct by Trump or his campaign, beyond the charges already brought against several aides.

Mueller, a former FBI director, had been examining since 2017 whether Trump’s campaign conspired with Moscow to try to influence the election and whether the Republican president later unlawfully tried to obstruct his investigation.

(Reporting by Will Dunham)

Source: OANN

0 0

Report: Warriors fear Cousins tore quad in loss to Clippers

NBA: Playoffs-Los Angeles Clippers at Golden State Warriors
April 15, 2019; Oakland, CA, USA; Golden State Warriors center DeMarcus Cousins (0) walks off the court after an injury against the LA Clippers during the first quarter in game two of the first round of the 2019 NBA Playoffs at Oracle Arena. Mandatory Credit: Kyle Terada-USA TODAY Sports

April 16, 2019

The Golden State Warriors fear center DeMarcus Cousins suffered a torn quad during the team’s stunning Game 2 loss to the Los Angeles Clippers in Oakland, Calif., ESPN’s Adrian Wojnarowski reported late Monday night.

Noting that the exact nature of the injury won’t be known until an MRI exam is performed Tuesday, Wojnarowski reported “there was evidence that Cousins’ noncontact injury … was serious and season-ending, league sources said.”

Cousins was injured while trying to run down a loose ball 3 1/2 minutes into the team’s eventual 135-131 loss to the Clippers. With the Warriors leading 11-9 and the Clippers possessing the ball just past the half-court line, Cousins deflected a pass and sent it down the court toward the Warriors’ bench. Trying to run down the ball before it went out of bounds, Cousins stumbled and went down without being touched, and immediately grabbed his left quad.

He got up and soon limped off the court toward the Warriors’ locker room. He had two points on a pair of free throws in four official minutes played. He also had two rebounds and an assist.

Cousins, 28, had nine points, nine rebounds and four assists in Saturday night’s Game 1, his first career playoff game. The Warriors won that game 121-104.

Cousins signed a one-year, $5.3 million deal with the Warriors last offseason, then missed the team’s first 45 games of the season as he continued to rehab from a ruptured left Achilles tendon he suffered playing for the New Orleans Pelicans on Jan. 26, 2018.

In taking the one-year deal with the Warriors, Cousins’ plan was to use this season to play his way back into a big free-agent contract this summer. If the quad is indeed torn, Cousins “could be facing several more months of rehab,” per Wojnarowski.

Picked fifth overall in the 2010 draft, the nine-year veteran is a four-time All-Star with career averages of 21.2 points, 10.9 rebounds. 3.2 assists, 1.4 steals and 1.2 blocks per game.

–Field Level Media

Source: OANN

0 0

New York GOP chairman blasts ‘outrageous’ bid by home-state Dems to get Trump’s tax returns

The chairman of New York’s Republican Party hit back at the “outrageous” push by Democratic lawmakers in his home state to seek the release of President Trump’s tax returns.

New York Democrats launched a new effort Monday to secure Trump’s state tax returns. Under New York tax law, it is illegal to share someone’s state tax return information.

State Sen. Brad Hoylman introduced S5072, which would amend the law in an attempt to let the state share tax return information with congressional committees that request it.

But speaking to Fox & Friends Tuesday, Ed Cox, chairman of the New York State Republican Party, ripped the “partisan” move.

NEW YORK DEMOCRATS LAUNCH FRESH BID TO DIG UP TRUMP'S TAX RETURNS

“It is outrageous,” he told host Ainsley Earhardt. “Because everyone has a right to keep their tax returns private under federal law and under state law, and here they are changing the law, legislation got passed, [Gov. Andrew] Cuomo says he’s going to sign it just for the President of the United States to force him to expose his tax returns, while they’re under audit.

“Look, there are a lot of agents looking at his tax returns - ‘you can take this deduction, you can’t take that deduction’ – but the American people during the campaign, he made it clear ‘I’m not going to release my tax returns’ – and guess what? They elected him President of the United States.”

He accused the Democrats of mounting nothing but a fishing expedition to try and find something on Trump, reiterating that it was nothing more than a “bill of attainder,” an unconstitutional legislative act that singles out an individual for punishment without trial.

MULVANEY VOWS DEMS WILL 'NEVER' SEE TRUMP'S TAX RETURNS, DESPITE RENEWED PUSH

“This is a bill of attainder aimed at one person,” Cox said. “A bill of attainder is an ancient thing where the king doesn’t want a person to go to trial, he just wants to execute them. You have no privileges under law. You are executed. That is abhorrent under America. The Constitution forbids states from doing that, and this is a bill of attainder.”

CLICK HERE FOR THE FOX NEWS APP

Hoylman said in a statement Monday: “This new bill will permit New York State to comply with requests from congressional investigative committees and help ensure Congress can’t be blocked in their attempts to hold even the highest elected officials in the land accountable to the American people.”

Fox News' Bryan Llenas contributed to this report.

Source: Fox News Politics

0 0

Exclusive: Kinder Morgan to expand Chicago ethanol hub to calm price manipulation concerns – sources

FILE PHOTO: A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City
FILE PHOTO: A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City, Iowa, United States, May 18, 2015. REUTERS/Jim Young/File Photo

February 20, 2019

By Jarrett Renshaw

ORLANDO, Fla. (Reuters) – Kinder Morgan Inc will expand loading capacity at its ethanol terminal in Chicago to address producer concerns that trade at the terminal – a benchmark for global ethanol prices – is vulnerable to manipulation, three people briefed on the company’s plans told Reuters.

Tens of thousands of barrels change hand at the hub every day, but many more barrels across the country depend on the price. Ethanol trade in the cash market at the Kinder Morgan Argo hub is used in contracts for the biofuel across the country, and is also baked into international contracts.

Trade at the terminal has come under scrutiny after one of the world’s largest commodities merchants, Archer Daniels Midland Co, switched from its typical role as a buyer in late 2017 to a big seller, flooding the pricing hub with ethanol and helping drive the price to near record lows.

Farmers are struggling with a loss of export markets due to the U.S. trade war with China and mixed signals from the Trump administration on its support of the nation’s biofuel laws. Plants have idled or shut altogether in recent months as U.S. ethanol prices have dropped below $1.20 a gallon, the lowest in about 13 years.

Kinder Morgan told traders at an industry conference in Orlando, Florida last week that it plans to at least double the amount of ethanol barges that can load and unload at its two existing Argo docks and it is exploring allowing a third petrochemical dock to also move ethanol, three sources briefed on the meetings told Reuters.

Kinder will also build a new 50,000 barrel-per-day storage tank at its Stony Island facility near Argo, the sources said. The Stony Island location loads and unloads ethanol trains.

The additions could be ready before the end of the year, traders said.

Kinder Morgan spokeswoman Lexey Long said the company declined to comment for the story.

The increased takeaway capacity will make it more difficult to drive up inventories at the 1.3 million barrel storage hub and drive down price, traders said.

“If you can send barrels in faster than you can take out, then you can drive down the price faster and for a longer period. This will help equalize that and level the playing field,” said one ethanol trader.

Currently, Argo can unload roughly 120 to 150 tank cars of ethanol each week, or roughly 4 million gallons, and can load two barges, or roughly 1.2 million gallons, at a time. Train flows into the terminal fairly smoothly as tank cars can wait outside of Chicago before unloading, but bottlenecks at the slower-moving docks have significantly delayed trade at times, traders said.

In the past, Kinder Morgan has proposed expanding capacity but wanted producers and trading houses to help fund it through long-term contracts.

Not this time, traders said.

“I think they know people are upset and they want to make sure they retain their customer base,” said another trader.

ADM’s heavy selling prompted top U.S. ethanol producer POET LLC to ask the CME Group Inc to change the way it prices a key swap contract that is settled based on the cash market at Argo. Poet argued that the connection to Argo made the swap contracts prone to manipulation as well as the cash market.

ADM declined to comment on its commercial activity but said in a statement its “ethanol trading practices are proper and compliant with all laws and regulations.”

The rival ICE exchange is contemplating offering an alternative to CME’s product after discussions with frustrated biofuels companies, Reuters previously reported.

Argus Media met with a number of traders earlier this month in Houston to gauge interest in establishing a new cash benchmark that would rival the existing one set by S&P Global Platts, sources tell Reuters.

ADM can produce roughly 1.6 billion gallons of ethanol annually, about 10 percent of U.S. capacity. Despite its massive production, it has often been a buyer on the cash market to supplement its long-term supply deals or to support a market view, dealers said.

The Illinois-based global commodities powerhouse, a major ethanol producer, accounted for roughly 61 percent of the 9.5 million barrels sold at the Chicago hub between November and August of last year, according to the data reviewed by Reuters.

Late last year, the number went above 70 percent of the sales, Reuters reported.

Previously, ADM had been a regular buyer: In September and October of 2017, for example, ADM bought 810,000 barrels, 32 percent of the 2.495 million total trades in the Chicago hub during that stretch, according to the data.

(Reporting by Jarrett Renshaw; Editing by Simon Webb and Lisa Shumaker)

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