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Brazil trade surplus narrows to $4.99 billion in March as imports rise

FILE PHOTO: Worker walks past by containers from China Shipping company at Brazil's main ocean port of Santos city
FILE PHOTO: A worker walks past by containers from China Shipping company at Brazil's main ocean port of Santos city September 20, 2012. REUTERS/Nacho Doce

April 1, 2019

By Jamie McGeever

BRASILIA (Reuters) – Brazil posted a trade surplus of $4.99 billion in March, the Economy Ministry said on Monday, significantly smaller than the same month a year ago thanks to a strong rise in imports.

The trade surplus last month fell 22.3 percent to $4.99 billion from $6.42 billion a year ago, although that was up more than a third from February’s surplus of $3.67 billion.

Exports totaled $18.12 billion, down 1.0 percent from March last year, while imports totaled $13.13 billion, up 5.1 percent from the same month last year, Economy Ministry figures showed.

All else being equal, a shrinking trade surplus is a drag on economic growth. Last week, Brazil’s central bank cut its 2019 growth forecast to 2.0 percent from 2.4 percent, noting that net trade is expected to shave 0.2 percentage points off overall growth.

Foreign trade secretary Lucas Ferraz said on Monday he expects Brazil’s trade surplus this year to total $50.1 billion, on exports of $245.9 billion and imports of $195.8 billion.

That would be the third largest surplus on record, Ferraz noted, but crucially it would be some 15 percent down from last year’s surplus of $58.66 billion, and 25 percent down from the year before that.

The data for March showed a 13.0 percent jump in imports of capital goods, including autos, while commodities exports rose 7.9 percent. Exports of manufactured goods fell 6.5 percent.

(Reporting by Mateus Maia, writing by Jamie McGeever; editing by Lisa Shumaker and Chizu Nomiyama)

Source: OANN

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Federer wins Indian Wells opener, Nishikori survives three-setter

Tennis: BNP Paribas Open-Day 7
Mar 10, 2019; Indian Wells, CA, USA; Adrian Mannarino (FRA) during his second round match against Kei Nishikori (not pictured) in the BNP Paribas Open at the Indian Wells Tennis Garden. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

March 10, 2019

(Reuters) – Roger Federer began his campaign for a record sixth Indian Wells title by defeating German Peter Gojowczyk 6-1 7-5 in the BNP Paribas Open in California on Sunday.

Fresh from earning his 100th ATP singles title a week ago in Dubai, the Swiss fourth seed repelled a tough second set challenge from the world No.85 before booking his third round place.

Federer, who won the last of his Indian Wells titles two years ago but lost in the 2018 final, used his backhand slice to keep Gojowczk from gaining any rhythm in the first set.

Yet the second proved more of a challenge as the German saved four break points in his first service game, then used his momentum to break for a 3-1 lead.

Federer immediately broke back before later benefiting from an untimely double fault for another break and serving out for victory in just over an hour and a quarter.

Earlier, Japan’s Kei Nishikori narrowly avoided a second round defeat against Frenchman Adrian Mannarino before battling through 6-4 4-6 7-6(4).

World number seven Nishikori was not at his best with the left-handed Mannarino’s flat groundstrokes neutralizing his attacks and the Frenchman seemed to be heading for victory when he served for the match at 6-5.

Yet he double faulted on the third break point he faced in the game and, in the deciding tiebreak, Nishikori raced into a 6-2 lead.

Still, Mannarino kept fighting, saving two match points before the Japanese finally wrapped up victory after two hours and 33 minutes.

(Reporting by Gene Cherry in Raleigh, North Carolina; Editing by Ian Chadband)

Source: OANN

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US Judge in Oregon to Block New Trump Abortion Policy

A U.S. judge in Oregon said Tuesday he intends to at least partially block a rule change by President Donald Trump's administration that could cut off federal funding for providers who refer patients for an abortion, though the scope of his decision remains to be seen.

U.S. District Judge Michael McShane made the comments after more than three hours of arguments in a lawsuit brought by 20 states and the District of Columbia, The Oregonian/OregonLive reported . The states say the rule change, due to take effect May 3, is a transparent attack on Planned Parenthood and a violation of the Affordable Care Act, which prohibits "unreasonable barriers to the ability of individuals to obtain appropriate medical care."

"At the heart of these rules is an arrogant assumption that the government is better suited to direct women's health care than their providers," Oregon Public Broadcasting quoted the judge as saying.

McShane said he needs more time to decide whether he will issue a national injunction or a more limited one blocking the policy from taking effect. The judge said he's reluctant to set national health care policy and would describe the scope of his injunction in a written opinion soon.

"We will need to see what the final ruling says," Oregon Justice Department spokeswoman Kristina Edmunson said in an email. "We are pleased with the decision."

Under the new policy, health care providers that receive federal funding would be barred from referring patients for an abortion. Programs that receive the money would also have to be in a separate physical space from facilities where abortion is performed.

The rule change announced early this year concerns Title X, a family planning program created in 1970 which serves roughly 4 million low-income Americans every year. Clinics that receive money under Title X provide a wide array of services, including birth control and screening for diabetes, sexually transmitted diseases and cancer.

Abortion is a legal medical procedure, but federal laws prohibit the use of taxpayer funds to pay for abortions except in cases of rape, incest, or to save the life of the woman. Religious conservatives and abortion opponents have long complained that Title X has been used to indirectly subsidize abortion providers.

"Title X grant funds are a true safety net for low income individuals and those who would not be able to access care, due to a lack of insurance or other barriers," Oregon Attorney General Ellen Rosenblum told the judge. "Put simply, this is an attempt to politicize what has been a successful, non-political public health program for 50 years."

U.S. Justice Department lawyer Andrew M. Bernie said there was nothing in the administrative record to suggest the change was politically motivated.

But the judge was not swayed. McShane suggested it would be "insane" for a man to go to his doctor seeking a vasectomy, only to be referred to a fertility clinic.

Several other lawsuits have also challenged the new policy. California and Washington have sued separately; arguments in the latter case are scheduled for Thursday in U.S. District Court in Yakima.

Source: NewsMax Politics

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Texas man drowns while mowing lawn near river, investigators say

A Texas man drowned last week while mowing the grass on a property along a river, according to officials.

Adam Gonzales, 58, was using a zero-turn lawn mower — a mower with a turning radius of zero — last Thursday to cut the grass on a property in Hunt, the Kerr County Sheriff's Office wrote on Facebook.

2 CARS SPEND OVER AN HOUR FIGHTING FOR PARKING SPOT IN LOS ANGELES, VIRAL VIDEO SHOWS

While cutting the grass, Gonzales, who worked at the property, made "a pass too close to the river's edge" and the lawnmower turned over, investigators said.

Gonzalez fell into the river and was pinned underneath the machine, they added. Because the mower was so large, responding law enforcement officials "could not remove it from his body."

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Members of the local fire department's dive team concluded they could not safely recover Gonzales' body until Friday morning when it was light outside, officials added.

Hunt is about 80 miles northwest of San Antonio.

Source: Fox News National

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Sanders, O’Rourke Face Off in Iowa; Other Hopefuls in NH, NV

They became notable presidential candidates in Iowa after narrow losses that nonetheless put them on the national political stage. They're competing for some of the same young voters. And this weekend, they've been driving around this first-in-the-nation caucus state reintroducing themselves to voters as others in the 2020 Democratic field dispersed to New Hampshire, South Carolina and Nevada.

It's been Bernie versus Beto all weekend in Iowa, with both hopefuls reintroducing themselves as the man with a plan to deny President Donald Trump a second term. Sanders swept back into the state as the early front runner after raising $18 million in 41 days during the first quarter of the year, the most of any candidate. O'Rourke raised $9.4 million in 18 days.

In dueling rallies, town halls and house parties, they spoke most of improving health care and affording college tuition.

Other hopefuls fanned out to political hot spots elsewhere, with much the same mission: Gauging early strength in a crowded field and raising enough money to secure a coveted spot in the presidential debates that begin in June.

Republican leaders have relished the jockeying among Democrats.

"I'd be happy with any of 'em, to be honest," the president said of the Democratic derby.

Here's a roundup of the crowded Democratic campaign.

Iowa Democrats know Sanders, the Vermont senator who lost the state — and the Democratic presidential nomination — to Hillary Clinton in 2016. At two town halls in counties he won during that caucus fight, Sanders' questioners asked most about making health care more affordable.

Over and over, people told Sanders grim stories about medical bills putting them deeply in debt. He empathized, at one point putting an arm around a young woman who had begun weeping as she spoke. Sanders told his audience that he supports "Medicare for All" and a single-payer health care system. But he didn't get into specifics.

Shannon Abel, a 28-year-old coordinator at a nonprofit organization in Muscatine, Iowa, said she still liked what she heard from Sanders. Then again, she had only begun seriously paying attention to politics after nearly a year of being ill and seeing the medical bills — with an $80 co-pay — put her family deeply in debt.

Of Sanders, Abel said, "He knows what it's like to not have money."

O'Rourke is calling for a range of educational changes to alleviate college debt, including providing free community college and allowing students to potentially eliminate or refinance their debt through public service.

"The cost of higher education, and not just tuition . is out of reach for so many of our fellow Americans," O'Rourke told a crowd gathered for a campaign house party in Polk City, Iowa. He said the tens of thousands in debt that students carry when they graduate "is a weight that literally sinks them into the ground."

To solve the problem, he offered a number of proposals to help students "stop digging the hole" and stop taking on debt when they go for a college degree: Making community college free, allowing students to earn an associate degree while they're in high school so they're "ready to earn a living wage on day one," increase access to union apprenticeships. For those already saddled with student loan debt, O'Rourke said he'd like to "re-up the public service student debt forgiveness program" — a federal program that currently accepts only a fraction of applicants and is eliminated altogether in President Donald Trump's latest budget proposal.

If students are willing to work in in-demand jobs at places like the Department of Veterans Affairs, or "willing to teach school or be in a support role in a community that needs your talent and human capital, I want to wipe clean your student loan debt. At a minimum I want to refinance what you have at a much lower rate."

Sanders says he wants to make college free and pay for it by getting rid of tax havens and lowering taxes for the richest Americans.

That's been received with some skepticism among budget and deficit hawks. But to Trevor Meyers, 19, it sounds right.

Meyers, like Sanders, is a democratic socialist. The Muscatine County resident attends a nearby college and lives at home with his family, which owns a farm. A sibling, he said, is five figures in debt from college.

"How is anybody in our society going to get started in life?" he wondered.

He liked Sanders, but said he's going to check out one of O'Rourke's events too.

Former Colorado Gov. John Hickenlooper is discussing gun control and death penalty issues with survivors of a massacre that claimed nine Bible study participants at a historic black church in South Carolina.

Hickenlooper sat down on Saturday with Anthony Thompson and Polly Sheppard during a visit to Mother Emanuel AME Church in downtown Charleston.

Thompson's wife was slain in the June 2015 shooting. Sheppard, who survived the ordeal but lost her son and aunt, has said the shooter told her he was sparing her life so she could tell others what happened. He is now on federal death row.

The church has become a place of pilgrimage for some 2020 presidential candidates as they campaign in the state, home of the first primary in the South.

Hickenlooper is known as a staunch advocate for gun control legislation. Following the fatal 2012 shootings in an Aurora, Colorado, movie theater, the then-governor called for and signed bills requiring universal background checks and limiting magazine capacity to 15 rounds.

Both Thompson and Sheppard told Hickenlooper they want those kinds of reforms in South Carolina and elsewhere.

Sen. Michael Bennet told reporters in Nashua, New Hampshire, that he hopes to be on the move again a few weeks after surgery for prostate cancer.

"I don't think there's any point in dwelling on it," said the Colorado Democrat. "If it turns out to be worse than I think, I'll deal with it then."

The cancer diagnosis has "slowed us down a little bit," Bennet said when asked about how it would impact him getting on the debate stage for the Democratic presidential debates, with well over a dozen candidates now running.

"It's obviously slowed down our ability to raise money and at some point it could have an effect on whether we get to the debate stage or not, but I think we have a good chance to get there," he said.

And with how he's feeling right now, Bennet said he's likely to run.

"I mean, I didn't pick this particular set of circumstances," he said. "This is not how I would have rolled it out."

Democrats running for president will have to do more than campaign on an anti-Trump message if they want to take back the White House in 2020, Sen. Elizabeth Warren said on Saturday.

"If your message is 'not-Trump,' it's not going to work," the Democratic presidential hopeful told about 500 supporters who packed a high school gymnasium in Reno, Nevada. "Our job is to talk about our vision."

Warren, D-Mass., blasted Trump's economic and environmental policies and touted her plan to invest $500 billion over the next 10 years to build, preserve and rehabilitate affordable housing for low-income families. She said she would pay for it by returning the estate tax thresholds to where they were during President George W. Bush's administration and imposing a new "wealth" tax on the nation's 17,000 wealthiest families.

"Washington is working for the ultra-super-duper rich, and until we change that we are going to stay on this path. This is our moment," she told the cheering crowd.

Warren was making her second campaign stop this year in the early caucus state, which on Feb. 22 follows only New Hampshire and Iowa in the nominating process. She spoke for about 30 minutes, took questions from the audience and posed for photographs for another half hour. More than half the crowd lined up to take selfies with her.

____

South Bend, Indiana, Mayor Pete Buttigieg headed to New Hampshire after his campaign announced he'd raised more than $7 million this year.

Hundreds of voters interested in the mayor attended his two events in the state; some were turned away because the venues were at capacity.

The mayor gave short speeches at both his Friday and Saturday events and did not take town hall style questions from the two crowds.

Speaking at Gibson's Bookstore in Concord on Saturday morning, the 37-year-old Buttigieg said he understands people's difficulty in avoiding the spectacle of politics these days.

"As hard as it is to take our eye off what we see on cable, because grotesque things have the quality of drawing your eye, and we can't take our eye off that show, but the show's not what matters," he said. "What matters is our everyday life."

He later told voters, "We've got to change the channel, and that's what we're about."

Source: NewsMax America

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Biden, Bernie “Too Old” For Presidency

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US declares Iran’s guard force a ‘terrorist organization’

President Donald Trump announced Monday that the U.S. is designating Iran's Revolutionary Guard a "foreign terrorist organization," in an effort to increase pressure on the country that could have significant diplomatic implications in the Middle East.

It is the first time that the U.S. has designated a part of another government as a terrorist organization.

The designation imposes sanctions that include freezes on assets the Islamic Revolutionary Guard Corps may have in U.S. jurisdictions and a ban on Americans doing business with it.

"This unprecedented step, led by the Department of State, recognizes the reality that Iran is not only a State Sponsor of Terrorism, but that the IRGC actively participates in, finances, and promotes terrorism as a tool of statecraft," Trump said in a statement.

Iran has threatened to retaliate for the decision.

The IRGC is a paramilitary organization formed in the wake of Iran's 1979 Islamic Revolution to defend its clerically overseen government. The force answers only to Iran's supreme leader, operates independently of the regular military and has vast economic interests across the country.

The designation allows the U.S. to deny entry to people found to have provided the Guard with material support or prosecute them for sanctions violations. That could include European and Asian companies and businesspeople who deal with the Guard's many affiliates.

It will also complicate diplomacy. Without exclusions or waivers to the designation, U.S. troops and diplomats could be barred from contact with Iraqi or Lebanese authorities who interact with Guard officials or surrogates.

The Pentagon and U.S. intelligence agencies have raised concerns about the impact of the designation if the move does not allow contact with foreign officials who may have met with or communicated with Guard personnel. Those concerns have in part dissuaded previous administrations from taking the step, which has been considered for more than a decade.

The department currently designates 60 groups, such as al-Qaida and the Islamic State and their various affiliates, Hezbollah and numerous militant Palestinian factions, as "foreign terrorist organizations." But none of them is a state-run military.

Source: Fox News National

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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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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.

Trump said on Thursday he would soon host China’s President Xi Jinping at the White House.

Earlier this week, the White House said that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for more talks on a trade dispute marked by tit-for-tat tariffs between the two countries.

(Reporting by Jeff Mason; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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