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Judge orders Roger Stone to court over inflammatory Instagram post

A federal judge on Tuesday ordered former Trump adviser Roger Stone to appear in court to consider whether his bail will be revoked after he posted a picture of her on Instagram showing what appeared to be crosshairs in the background.

U.S District Judge Amy Berman Jackson ordered Stone to show up on Thursday afternoon to argue why she should not modify or revoke his bail -- or even impose a full gag order.

ROGER STONE APOLOGIZES AFTER SHARING JUDGE'S PHOTO, DENIES THREAT

Stone deleted the photo, but later posted the same one again, this time without the crosshairs, and slammed the trial in a caption.

“Through legal trickery Deep State hitman Robert Mueller has guaranteed that my upcoming show trial is before Judge Amy Berman Jackson, an Obama appointed Judge who dismissed the Benghazi charges against Hillary Clinton and incarcerated Paul Manafort prior to his conviction for any crime,” Stone’s post was captioned.

Stone and his lawyers filed a notice on Monday night, admitting that sharing the picture wasn’t appropriate and that he apologizes. His lawyer also said he plans to apologize in person Thursday.

“Please inform the Court that the photograph and comment today was improper and should not have been posted. I had no intention of disrespecting the Court and humbly apologize to the Court for the transgression,” Stone said.

MUELLER CLAIMS TO HAVE EVIDENCE ROGER STONE COMMUNICATED WITH WIKILEAKS

On Instagram, Stone said that the post has been “misinterpreted” and denied he tried to threaten the judge.

“A photo of Judge Jackson posted on my Instagram has been misinterpreted. This was a random photo taken from the Internet. Any inference that this was meant to somehow threaten the Judge or disrespect court is categorically false,” he wrote.

Stone pleaded not guilty last month to obstruction of justice, witness tampering and making false statements to Congress after being indicted last week as part of Special Counsel Robert Mueller’s Russia probe.

The indictment alleges that Stone worked to obstruct the House Intelligence Committee’s investigation into Russia interference in the 2016 election by making false statements to the committee, denying he had records sought by the committee and persuading a witness to provide false testimony.

The indictment does not charge Stone with conspiring with WikiLeaks, the anti-secrecy website that published Clinton campaign emails, or with Russian officers Mueller says hacked them. Instead, it accuses him of witness tampering, obstruction, and false statements about his interactions related to WikiLeaks.

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Jackson last week issued a limited gag order, preventing Stone from discussing the case near the courthouse -- but it does not stop Stone from making other public comments about the case.

In implementing the limited gag order on Friday, Jackson said it was necessary to "maintain the dignity and seriousness of the courthouse and these proceedings."

Fox News' Lukas Mikelionis, Lillian LeCroy, Brooke Singman and The Associated Press contributed to this report.

Source: Fox News Politics

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Trump has different views on Guns than the majority of Republicans

In an extraordinary televised meeting with lawmakers of both parties at the White House, Trump called for quick action on expanding background checks, increasing the gun-buying age and empowering law enforcement to confiscate firearms from potentially unstable people – even without a court’s approval. Trump hosted a similar bipartisan meeting on immigration in January, where […]

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Anti-stall system active before Ethiopian 737 MAX crash: sources

FILE PHOTO: Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu
FILE PHOTO: Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. REUTERS/Tiksa Negeri/File Photo

March 29, 2019

By David Shepardson and Tim Hepher

WASHINGTON/PARIS (Reuters) – An anti-stall system at the center of a probe into the crash of a Boeing 737 MAX jetliner in Indonesia five months ago was also at play when an identical aircraft crashed in Ethiopia earlier this month, three people briefed on the matter said.

Data pulled from the Ethiopian Airlines flight recorder suggests the so-called MCAS system, which pushes the nose of the jet downwards, had been activated before the jet ploughed into a field outside Addis Ababa on March 10, the people said, speaking on condition of anonymity ahead of an interim official report.

Boeing and the Federal Aviation Administration declined to comment on the data, first reported by the Wall Street Journal.

It is the second related piece of evidence to emerge from the black boxes of Ethiopian flight 302 after an initial sample of data recovered by investigators in Paris 11 days ago suggested similar “angle of attack” readings to the first crash.

These initial airflow readings from the Ethiopian jet, first reported by Reuters, refer to stall-related information needed to trigger the automated nose-down MCAS system.

The system is designed to be activated only when the angle of attack – measuring the way the wing cuts through the air – has become too high to avoid the plane stalling or losing lift.

However, it was not immediately clear whether the system on the Ethiopian jet was responding to faulty sensor data, as in the case of the earlier crash, or genuine stall indications.

Ethiopian, French and U.S. officials have said there are similarities between the two accidents, which led to the worldwide grounding of the recently introduced 737 MAX.

An Ethiopian-led investigation is trying to establish whether the system overpowered the pilots, a leading scenario in the Lion Air crash, and what action was taken by the crew.

Boeing has suggested using two existing cut-out switches could have prevented the Lion Air disaster, but it has also announced proposals to beef up the system and improve training.

Two of the people briefed on the matter said they presumed that the Ethiopian Airlines pilots did not hit the cut-out switches based on the airplane’s speed and fatal descent, but could not confirm that the data established that.

(Reporting by David Shepardson, Tim Hepher, Editing by Sarah White)

Source: OANN

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Puerto Rico woman faces life in murder-for-hire of Canadian

A Puerto Rico woman found guilty of hiring a hit man to kill her wealthy Canadian husband more than a decade ago was sentenced to life in prison on Friday.

Aurea Vazquez Rijos cried as a federal judge issued the sentence and ordered that she be transferred to a prison in Fort Worth, Texas. Judge Daniel Dominguez said he believed the jury's guilty verdict over Vazquez's statement that she is innocent.

Her defense attorneys plan to appeal in a case that sparked an international manhunt.

Vazquez had been charged with offering a man $3 million to kill real estate developer Adam Anhang. The 32-year-old was stabbed repeatedly and hit in the head with a cobblestone while walking with Vazquez through the historic part of Puerto Rico's capital in September 2005, just 12 hours after prosecutors said Anhang had asked for a divorce.

During the sentencing, which was held at a federal courthouse near where Anhang was killed, his mother and younger sister read statements.

"It certainly helps to put it behind us, but you can't forget your own child who dies before you do," the victim's father, Abraham Anhang, told The Associated Press. "If you lose a child, there's never closure."

As Abraham Anhang left the courtroom, Vazquez asked him, "Are you happy now?" to which he replied, "Shut up."

Vazquez and Anhang had signed a prenup one day before getting married, with Anhang's value estimated at more than $24 million and Vazquez's at nearly $62,300. Six months after Anhang's death, Vazquez sued his parents seeking $1 million in damages and $8 million from his estate.

She then left for Florence, Italy in 2008 and was arrested in June 2013 after flying from Italy to Spain. She and her one-month-old baby were extradited to Puerto Rico two years later, leaving behind twin daughters she had with a man in Italy.

Also sentenced to life Friday was Vazquez's sister, Marcia Vazquez Rijos and an ex-boyfriend of hers, Jose Ferrer Sosa. All three had been found guilty in October last year.

"Today's sentence concludes a process which required a lot of effort and perseverance. Justice was finally served for the victim and his family," U.S. Attorney Rosa Emilia Rodriguez said in a statement.

The main suspect, Alex Pabon Colon, pleaded guilty 10 years ago to killing Anhang and cooperated with prosecutors.

Among those who also testified during the trial last year was a man who sued for wrongful conviction after he was found guilty of killing Anhang and spent eight months in jail. He was released when Pabon was charged as federal authorities took over the case.

Source: Fox News World

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Beto O'Rourke says he's 'born' to fight ahead of expected 2020 announcement

Beto O'Rourke all but announced his 2020 presidential candidacy in a wide-ranging interview published Wednesday in Vanity Fair magazine, confidently saying he was "just born to do this" -- a move that would contradict his multiple previous assurances that he would not seek the White House, and further crowd a Democratic primary field already chock-full of progressive candidates.

The move seemed inevitable Wednesday night. KTSM reported it received a text message from O'Rourke earlier in the day saying he will seek the Democratic presidential nomination, writing: "I'm really proud of what El Paso did and what El Paso represents. It's a big part of why I'm running. This city is the best example of this country at its best."

O'Rourke's spokesman would not confirm to Fox News that the former congressman is running for president.

The Vanity Fair piece, written by Joe Hagan, seemed to echo the fawning tone of much of the media coverage that followed his failed bid to unseat Texas GOP Sen. Ted Cruz last fall. But, conservative commentators said, the interview still indirectly highlighted the 46-year-old O'Rourke's glaring vulnerabilities as he seeks to mount his first-ever national campaign despite lacking significant government experience.

At one point, Hagan detailed when O’Rourke and his wife, Amy, "both describe the moment they first witnessed the power of O’Rourke’s gift" -- in Houston, on the third stop on O’Rourke’s unsuccessful Senate campaign.

Beto O'Rourke laughing during an Oprah Winfrey in New York last February. (AP Photo/Kathy Willens, File)

Beto O'Rourke laughing during an Oprah Winfrey in New York last February. (AP Photo/Kathy Willens, File)

“Every seat was taken, every wall, every space in the room was filled with probably a thousand people,” Amy O’Rourke told Vanity Fair. “You could feel the floor moving almost. It was not totally clear that Beto was what everybody was looking for, but just like that people were so ready for something. So that was totally shocking. I mean, like, took-my-breath-away shocking.”

Hagan, who previously penned a similarly photographed and written profile of another Democrat, former presidential candidate John Edwards, wrote in the new piece: "For O’Rourke, what followed was a near-mystical experience."

“I don’t ever prepare a speech,” O'Rourke explained. “I don’t write out what I’m going to say. I remember driving to that, I was, like, ‘What do I say? Maybe I’ll just introduce myself. I’ll take questions.’ I got in there, and I don’t know if it’s a speech or not, but it felt amazing. Because every word was pulled out of me. Like, by some greater force, which was just the people there. Everything that I said, I was, like, watching myself, being like, How am I saying this stuff? Where is this coming from?"

However, this carefree, spur-of-the-moment approach has backfired in the past, the article went on to note. For example, O'Rourke acknowledged he was "kicking himself for giving a damaging, freewheeling interview to The Washington Post, which quoted his prescription for immigration as 'I don’t know.'"

In that interview, O'Rourke also suggested parts of the Constitution may be unnecessary and outdated.

Although the Post article drew widespread jeers, Hagan seemingly found it endearing.

"Unlike Trump," Hagan wrote, "O’Rourke can appear almost too innocent to be a politician—too decent, too wholesome, the very reason he became popular also the same reason he could be crucified on the national stage."

O'ROURKE SAYS HE 'ABSOLUTELY' SUPPORTS DESTROYING SOUTHERN BORDER WALLS

Reaction on social media, both to O'Rourke and Hagan's aggressively positive portrayal of his prospective candidacy, was unsparing.

"It's extremely subtle, but with a trained eye, you can detect a slight difference in the media posture toward Robert O'Rourke and the average Republican congressman running for president after losing a Senate race," Mollie Hemingway, a senior editor at The Federalist and a regular Fox News panelist, wrote on Twitter.

Washington Free Beacon reporter Alex Griswold added, "They really aren’t bothering to hide it," referring to media bias.

Elsewhere in the sprawling deep-dive, Hagan noted that O'Rourke's home has boasted a slew of presidential biographies -- a seemingly mundane observation that Hagan imbued with heavy implications.

"Arranged in historical order, the biographies suggest there’s been some reflection on the gravity of the presidency," Hagan wrote, noting that O'Rourke has the support of Oprah Winfrey. "But there’s also some political poetry to it, a sense that O’Rourke might be destined for this shelf."

But, O'Rourke himself seemingly had shut the door on any such poetry, again and again, while running against Cruz.

MSNBC reporter Garrett Haakey tweeted last November: "'I will not be a candidate for president in 2020,' @BetoORourke tells me. 'That’s as definitive as it gets.'"

And, in an interview with CBS News' "60 Minutes," O'Rourke said simply, "I don't want to do it. I will not do it."

O'Rourke went on to explain that raising his young children would keep him off the campaign trail.

'Draft Beto' group makes Beto-inspired alcoholic beverages in effort to get Beto O'Rourke to run for president in 2020.

'Draft Beto' group makes Beto-inspired alcoholic beverages in effort to get Beto O'Rourke to run for president in 2020. (Fox News)

Speaking to Hagan, O'Rourke attempted to explain the abrupt turnaround, saying that "the week before he was to appear onstage with Oprah Winfrey in New York, he had what he describes as a breakthrough conversation with his wife" and stayed up late into the night.

But, conservative commentator Stephen Miller had a less flattering interpretation, writing that O'Rourke must have "spent literally 6 months around his wife and kids and said, ... This sucks.”

Although O'Rourke has not formally entered the presidential fray, there are multiple other indications he is intending to do so. The former Texas representative is slated to make his first trip to Iowa of the 2020 campaign, visiting the state that kicks off presidential voting.

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A spokesman said O'Rourke will visit the University of Northern Iowa on Saturday to campaign for Eric Giddens, the Democratic candidate running in a state Senate special election there. And, O'Rourke released a video Monday night from Texas backing Giddens and wearing a Northern Iowa cap.

Meanwhile, Twitter users who reportedly tried to unsubscribe from O'Rourke's mailing list were being told in automated replies on Wednesday, apparently inadvertently, that there was an ongoing "campaign to elect Beto for president."

Source: Fox News Politics

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Woman rescued from SUV dangling from Florida parking garage

A woman was rescued Thursday from an SUV that had been dangling on the side of Florida parking garage for nearly an hour.

The Miami-Dade Fire Rescue crews responded to the second story of a parking garage in Miami Springs at around 4:25 p.m. Thursday, by which time authorities said the vehicle – a white Lexus SUV – was within inches of falling to the concrete driveway below.

And the driver was trapped inside.

Authorities said the SUV was precariously hanging from the side of the parking garage.

Authorities said the SUV was precariously hanging from the side of the parking garage. (Miami-Dade Fire Rescue)

“A very precarious position, the vehicle was wedged by a few inches of metal on the hatch top,” MDFR Chief Danny Cardeso told reporters. “That was the only thing that kept it from falling.”

FLORIDA AUTHORITIES SEEKING DRIVER WHO ALLEGEDLY STOPPED FOR PERSON CROSSING, THEN HIT THEM WITH CAR

Authorities said the SUV crashed through steel cables anchored to the walls of the parking garage.

Rescue workers were able to secure the vehicle and free the driver, who was treated at the scene.

Fire rescue crews were able to secure the vehicle and get the driver out of the SUV.

Fire rescue crews were able to secure the vehicle and get the driver out of the SUV. (Miami-Dade Fire Rescue)

“It took us about 45 minutes to secure the vehicle before we were able to safely remove the occupant,” Cardeso said. “She did not say exactly how it happened, so we do not know what happened at this point.”

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No one else was injured, authorities said.

Source: Fox News National

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Women greatly outnumbered by men in political power

New statistics say that when it comes to political power, women are totally outnumbered by men, accounting for less than 7 percent of the world's leaders and only 24 percent of the lawmakers.

U.N. General Assembly President María Fernanda Espinosa told delegates to the Commission on the Status of Women on Tuesday that there has been a "serious regression" in the political power of women around the world in recent years.

And the executive director of UN Women said women must be "changemakers" because national and global institutions are "made for men and by men." Phumzile Mlambo-Ngcuka cited political violence and abuse on social media, and said that "we also have pushback right now, which contributes to the slowing down of women wanting to contest for office."

Source: Fox News World

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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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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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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday praised Russian President Vladimir Putin’s comments on North Korea this week following the Russian leader’s summit with Pyongyang’s Kim Jong Un.

Speaking to reporters at the White House, Trump also said China was helping with efforts aimed at the denuclearization of North Korea.

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

Source: OANN

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