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2 men arrested for putting KKK hoods on Confederate statues

Police say they arrested two people who climbed and placed Ku Klux Klan hoods on statues at a Confederate monument in North Carolina.

News outlets report that Enzo Niebuhr and Jody Anderson were detained Sunday during a protest near the North Carolina Women of the Confederacy monument. The monument is in the capital of Raleigh near the Statehouse.

Police said Niebuhr and Anderson are charged with defacing a public monument and disorderly conduct. The reports did not say whether the two have attorneys who can speak on their behalf.

The news outlets quote the "Smash Racism Raleigh" group as saying that its members were holding a peaceful protest to provide context about the history of the statues. The group says Niebuhr and Anderson shouldn't have been arrested.

Source: Fox News National

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S&P, Nasdaq futures edge higher following lackluster week; Boeing pressures Dow

Traders work on the floor of the NYSE in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2019. REUTERS/Brendan McDermid

March 11, 2019

By Amy Caren Daniel

(Reuters) – The S&P 500 and Nasdaq futures eked out gains on Monday as investors took a cautious stance after a weak U.S. jobs report raised questions of slowing global growth, while a slide in planemaker Boeing’s shares pressured Dow futures.

Boeing Co tumbled 8.9 percent in premarket trading after many airlines grounded the world’s biggest planemaker’s new 737 MAX 8 passenger jet following the second deadly crash in just five months.

The S&P 500 index is now nearly 7 percent away from its record high hit on Sept. 20. The benchmark index ended the week 2.2 percent lower, its biggest weekly decline since the market tumbled at the end of 2018.

The U.S. report on Friday showed employment growth almost stalled in February, which added to economic fears that were already fanned by a sharp fall in China’s exports and after the European Central Bank slashed growth forecasts for the region last week.

As concerns of a slowing economy linger at the surface, the Commerce Department’s retail sales data at 8:30 a.m. ET, will be closely monitored.

The numbers are expected to show retail sales dipped 0.1 percent in January after a shocking 1.2 percent fall in the month before, which suggested a sharp slowdown at the end of 2018.

In a bright spot, the Federal Reserve Chairman Jerome Powell stuck to his dovish message on Sunday. He said the central bank does “not feel any hurry” to change the level of interest rates again as it watches how a slowing global economy affects conditions in the United States.

At 6:46 a.m. ET, Dow e-minis were down 173 points, or 0.68 percent. S&P 500 e-minis were up 1.5 points, or 0.05 percent and Nasdaq 100 e-minis were up 13.25 points, or 0.19 percent.

China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, including eliminating tit-for-tat tariffs, a senior Chinese official said on Saturday.

Apple Inc rose 1.7 percent after Bank of America Merrill Lynch upgraded the iPhone maker’s shares to “buy” from “neutral” saying the pulling back in its shares present a buying opportunity.

Nvidia Corp fell 1.4 percent after the chipmaker said it will buy Mellanox Technologies Ltd for more than $6.78 billion in cash. The Israeli chip designer jumped 9.4 percent.

In other news, President Donald Trump on Monday will ask lawmakers to hike spending for the military and the wall he wants to build on the U.S.-Mexico border and slash other programs in his 2020 budget.

The Republican president’s proposal, slated for release at 11:30 a.m. (1530 GMT), is expected to be rejected by Congress.

(Reporting by Amy Caren Daniel and Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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Hungarian party faces discipline from center-right EU bloc

A senior lawmaker from Germany Chancellor Angela Merkel's party says Hungary's ruling Fidesz party may be suspended from the main center-right bloc in the European Parliament.

Prime Minister Viktor Orban's authoritarian style and anti-European Union, anti-migration policies have long put him at odds with many members of the European People's Party, whose delegates are meeting Wednesday to debate possible disciplinary measures against Fidesz.

Inge Graessle, an EU parliament lawmaker from Merkel's Christian Democratic Union, told Germany's SWR2 radio that she believes the EPP will "temporarily suspend his membership today — that is the step before expulsion — and then he can choose how he wants to continue."

Graessle said Orban, who had led Fidesz practically unchallenged since the early 1990s, "has to show credibly that he will change."

Source: Fox News World

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G20 countries worry economic weakness could spread: Japan’s Aso

Japanese Finance Minster Taro Aso at the IMF and World Bank Spring Meetings in Washington
Japanese Finance Minster Taro Aso leaves the G-20 Finance Ministers and Central Bank Governors' meeting at the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, April 12, 2019. REUTERS/James Lawler Duggan

April 12, 2019

WASHINGTON (Reuters) – Global policymakers worry that weakness in key economies could spread and cause the world economy to slow more than expected, Japanese Finance Minister Taro Aso said on Friday.

“The balance of risks remains skewed to the downside,” Aso said in a news conference following a meeting of finance ministers and central bankers from the Group of 20 industrialized countries.

“We recognize the risk that growth prospects might deteriorate if weakening in key economies feed into each other.”

(Reporting by David Lawder and Leika Kihara; Writing by Jason Lange; Editing by Paul Simao)

Source: OANN

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Ocasio-Cortez likens GOP to ‘Exorcist’ girl, accuses border agents of drugging kids in marathon Instagram session

Rep. Alexandria Ocasio-Cortez, D.N.Y., unleashed on her Republican opponents during a marathon Instagram Live session on Wednesday night.

The freshman Democrat compared her GOP critics to "that girl in 'The Exorcist' that's, like, vomiting pea soup," and said she "pities" the role they are playing in not taking action on climate change -- all while putting together some IKEA furniture in her new D.C. apartment.

“The reason Republicans hate me so much is because I confront them directly on their moral — their lack of moral grounding on so many issues and, not just that, but the reason they're so upset and they act like that girl in 'The Exorcist’ that's like vomiting pea soup, that’s like them and negativity,” Ocasio-Cortez said in one clip.

ALEXANDRIA OCASIO-CORTEZ HIT WITH FEC COMPLAINT FOR ALLEGED 'SUBSIDY SCHEME'

“The reason that they do that is because they need to fiercely protect a paradigm and way of thinking that says short-term gains are more important, no matter how marginal than any long-term loss and any long-term cost.”

The New Yorker then replied in dire fashion to a viewer who asked how many years the planet has left.

“We have 12 years left to cut emissions by at least 50 percent, if not more, and for everyone who wants to make a joke about that, you may laugh but your grandkids will not,” she said, before continuing to compare those who oppose her calls for drastic action on climate change to those who were on the wrong side of history during the civil rights movement.

“Look back and you open history books… you see those folks who are protesting against the ability for African Americans and black Americans to have the right to vote,” she said.

CHARLES PAYNE: DEMOCRATS ARE 'AFRAID' OF THEIR 'DE FACTO LEADER' ALEXANDRIA OCASIO-CORTEZ

“So just know, that in the present day, there are a lot of people who hide the fact that their families and that their grandparents fought against principles of equal rights in the United States. Not 100 years ago, not 80 years ago, but in this generation’s lifetime.

“So, while a lot of people can hide that their grandparents did that in the civil rights movement, the Internet documents everything and your grandchildren will not be able to hide the fact you fought against acknowledging and taking bold action on climate change.

“People who are trying to mock and delay this moment, I mean, I just feel bad for you. I just pity you for your role in history right now.”

At another point in the video, Ocasio-Cortez appeared to accuse border agents of “trying to cage children at the border and inject them with drugs.”

“That’s not a mistake, that’s a deliberate policy to attack people based on their national origin,” she said.

AOC’s Instagram session came after Republican Rep. Matt Gaetz unveiled the “Green Real Deal” on Wednesday as a free-market counterproposal to the Green New Deal being pushed by Democrats to combat climate change.

“The question for America is pretty simple: either we want a bunch of bureaucrats in Washington telling us what we can’t do, or we empower American innovators to unlock things that we can do,” the Florida congressman said at a press conference in front of the Capitol building.

His plan, which he is putting forward in a House resolution, involves a number of planks including revisiting global trade and intellectual property policies to create “an international marketplace fair to American innovators.”

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Gaetz's plan also aims to modernize the electric grid, which he says currently “functions as a wet blanket over American innovation.” Gaetz claims that upgrading the grid will create an “entire class of energy entrepreneurs across the country.” He also wants to "unlock federal lands" from current regulations, saying they can be “an open canvas” for renewable energy research, testing and evaluation.

Source: Fox News Politics

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Warren Buffett says Berkshire overpaid for Kraft Heinz

FILE PHOTO: Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo

February 25, 2019

By Jonathan Stempel and Jennifer Ablan

(Reuters) – Warren Buffett said on Monday his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company.

Buffett spoke four days after Kraft Heinz took a $15.4 billion writedown for its Kraft and Oscar Mayer brands and other assets, slashed its dividend, and said the U.S. Securities and Exchange Commission was probing its accounting.

Kraft Heinz’s share price sank 27.5 percent on Friday, wiping out more than $16 billion of market value, and causing Berkshire to lose $4.3 billion on its stake. Berkshire owns 26.7 percent of Kraft Heinz.

“I was wrong in a couple of ways on Kraft Heinz,” Buffett said on CNBC television. “We overpaid for Kraft.”

Buffett did not say by how much Berkshire overpaid, but said the market reacted “probably quite properly” to the news.

He also said he has “absolutely no intention” of adding to or subtracting from Berkshire’s stake in Kraft Heinz, saying the company had “very, very strong” brands and that he would be happy to own it a decade from now.

The comments were a rare admission of error by the 88-year-old billionaire on a major investment at his Omaha, Nebraska-based conglomerate.

Berkshire and Brazilian private equity firm 3G Capital combined the former Kraft Foods with H.J. Heinz, which they bought in 2013, and own about half of the merged company.

Buffett said he may have learned about the SEC probe seven to 10 days before it was announced.

Greg Abel, a Berkshire vice chairman widely considered a candidate to succeed Buffett as Berkshire’s chief executive officer, is a Kraft Heinz director.

Buffett also said he would continue to do business with 3G and its co-founder Jorge Paulo Lemann, calling him “an absolutely outstanding human being.”

‘TOE TO TOE’

Kraft Heinz’s disclosure raised questions about 3G’s financial strategy for the company, whose brands include Jell-O, Kool-Aid and Philadelphia cream cheese, and whether it is out of step with consumers seeking healthier, fresher alternatives to processed food.

Buffett acknowledged the changes, but said greater pressure is coming from retailers such as Amazon.com Inc, Walmart Inc and Costco Wholesale Corp, saying the latter’s Kirkland brand outsells all Kraft Heinz products.

Stronger brands can “go toe to toe with Walmart or Costco” but weaker brands “tend to lose out,” Buffett said. “The ability to price has changed, and that’s huge.”

Still, Buffett added: “If I had to bet one way or another, I think people will eat more of our products this year than last year.”

Berkshire’s own $3 billion writedown related to Kraft Heinz contributed to a $25.39 billion fourth-quarter net loss for Berkshire.

“He monumentally overpaid for Kraft,” said Doug Kass, founder of the hedge fund Seabreeze Partners Management Inc. “Increasingly, the moats he initially saw in his investments have been damaged.”

The bad news also called into question 3G’s signature business model of zero-based budgeting, which requires managers to justify their expenses annually from scratch, rather than use last year as a guide or pursue cost savings on an ongoing basis.

Kraft Heinz’s belt-tightening resulted in more than $1.7 billion in annual savings, including the loss of thousands of jobs, mirroring 3G’s similar efforts at such companies as Anheuser-Busch InBev and Tim Hortons.

The strategy has resulted in leaner companies, but could backfire if the companies lacked products that people wanted, or failed to spend enough to develop and market those products.

Buffett said he did not believe 3G underinvested in Kraft Heinz, but it was hard for him to tell. Berkshire is not involved in day-to-day operations.

(Reporting by Jonathan Stempel and Jennifer Ablan in New York; Editing by Jeffrey Benkoe and Tom Brown)

Source: OANN

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PVH to exit high-end Calvin Klein label

The logo of Calvin Klein watches is seen at the Baselworld fair in Basel
Logo of Calvin Klein watches is seen at the Baselworld watch and jewellery fair in Basel, Switzerland, March 26, 2018. REUTERS/Arnd Wiegmann

March 28, 2019

(Reuters) – Apparel maker PVH Corp said on Thursday it would exit the high-end collection of Calvin Klein and shut the label’s flagship store in New York’s Madison Avenue.

The company also said it was in talks with North America apparel partner G-III Apparel Group LTD to take over the brand’s women’s jeans unit.

The company’s sales in recent quarters have been hit by the fashion missteps at the high-end Calvin Klein 205W39NYC line of clothing.

“We believe this was the right decision for the long-term health of the brand as the existing high-end business was not resonating with our core consumer,” Chief Executive Officer Emanuel said on a post earnings call.

PVH shares rose nearly 15 percent in morning trading after reporting better-than-expected results.

(Reporting by Aishwarya Venugopal and Uday Sampath Kumar in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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FILE PHOTO: Funeral of journalist Lyra McKee in Belfast
FILE PHOTO: Pallbearers carry the coffin of journalist Lyra McKee at her funeral at St. Anne’s Cathedral in Belfast, Northern Ireland, April 24, 2019. REUTERS/Clodagh Kilcoyne/File Photo

April 26, 2019

BELFAST (Reuters) – Detectives investigating the murder of journalist Lyra McKee in Northern Ireland last week suspect the gunman who shot her dead is in his late teens as they made a further appeal to the local community who they believe know his identity.

McKee’s killing by an Irish nationalist militant during a riot in Londonderry has sparked outrage in the province where a 1998 peace deal mostly ended three decades of sectarian violence that cost the lives of some 3,600 people.

The New IRA, one of a small number of groups that oppose the peace accord, has said one of its members shot the 29-year-old reporter dead in the Creggan area of the city on Thursday when opening fire on police during a riot McKee was watching.

The killing, which followed a large car bomb in Londonderry in January that police also blamed on the New IRA, has raised fears that small marginalized militant groups are exploiting a political vacuum in the province and tensions caused by Britain’s decision to leave the European Union.

Police released footage on Friday of immediately before and after the shooting showing three men who were involved in the rioting and identified one as the gunman who they believe is in his late teens. 

“I believe that the information that can help us to bring those responsible for her murder to justice lies within the community. I need the public to tell me who he is,” Detective Superintendent Jason Murphy told reporters.

Murphy said those involved in the disorder on the night were teenagers or in their early 20s, and that about 100 people were on the ground watching the trouble as it unfolded.

He added that police believed the gun used in the attack was of a similar caliber to those used before in paramilitary type attacks in Creggan. 

“I recognize that people living in Creagan may find it’s difficult to come forward to speak to police. Today, I want to provide a personal reassurance that we are able to deal with those issues sensitively,” Murphy said, echoing similar appeals in recent days.

(Reporting by Amanda Ferguson, editing by Padraic Halpin and Toby Chopra)

Source: OANN

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Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Sruthi Shankar and Amy Caren Daniel

(Reuters) – U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world’s largest economy maintained a moderate pace of growth in the first quarter.

Gross domestic product probably increased at a 2% annualized rate in the quarter as a burst in exports, strong inventory stockpiling and government investment in public construction projects offset a slowdown in consumer and business spending, according to a Reuters survey of economists.

The Commerce Department report will be published at 8:30 a.m. ET.

The GDP data comes as investors look for fresh catalysts to push the markets higher. The S&P 500 index is about 0.5% below its record high hit in late September, after surging nearly 17% this year.

First-quarter earnings have been largely upbeat, with nearly 78% of the 178 companies that have reported so far surpassing earnings estimates, according to Refinitiv data.

Wall Street now expects S&P 500 earnings to be in line with the year-ago quarter, a sharp improvement from the 2.3% fall expected at the start of April.

Amazon.com Inc rose 0.9% in premarket trading after the e-commerce giant reported quarterly profit that doubled and beat estimates on soaring demand for its cloud and ad services.

Ford Motor Co shares surged 8.5% after the automaker posted better-than-expected first-quarter earnings largely due to strong pickup truck sales in its core U.S. market.

Mattel Inc jumped 8% after the toymaker beat analysts’ estimates for quarterly revenue, as a more diverse range of Barbie dolls powered sales in the United States.

At 6:52 a.m. ET, Dow e-minis were down 35 points, or 0.13%. S&P 500 e-minis were down 1.5 points, or 0.05% and Nasdaq 100 e-minis were up 10.75 points, or 0.14%.

Among decliners, Intel Corp slumped 7.7% after it cut its full-year revenue forecast and missed quarterly sales estimate for its key data center business.

Rival Advanced Micro Devices declined 0.8%.

Oil majors Exxon Mobil Corp and Chevron Corp are expected to report results later in the day.

(Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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General view of a destroyed building during World War II is pictured in Warsaw
General view of a destroyed building during World War II is pictured in Warsaw, Poland April 26, 2019. REUTERS/Kacper Pempel

April 26, 2019

By Joanna Plucinska

WARSAW (Reuters) – Germany could owe Poland more than $850 billion in reparations for damages it incurred during World War Two and the brutal Nazi occupation, a senior ruling party lawmaker said.

Some six million Poles, including three million Polish Jews, were killed during the war and Warsaw was razed to the ground following a 1944 uprising in which about 200,000 civilians died.

Germany, one of Poland’s biggest trade partners and a fellow member of the European Union and NATO, says all financial claims linked to World War Two have been settled.

The right-wing Law and Justice (PiS) has revived calls for compensation since it took power in 2015 and has made the promotion of Poland’s wartime victimhood a central plank of its appeal to nationalism.

PiS has yet to make an official demand for reparations but its combative stance towards Germany has strained relations.

“Poland lost not only millions of its citizens but it was also destroyed in an unusually brutal way,” Arkadiusz Mularczyk, who heads the Polish parliamentary committee on reparations, told Reuters in an interview.

“Many (victims) are still alive and feel deeply wronged.”

His comments come a month before European Parliament elections in which populist and nationalist parties are expected to do well. Poland will also hold national elections later this year, with PiS still well ahead of its rivals in opinion polls.

EU LARGESSE

Mularczyk said the reparations figure could amount to more than 10 times the estimated 100 billion euros ($111 billion) that Poland has received so far in European Union funds since it joined the bloc in 2004.

Germany is the biggest net donor to the EU budget and some Germans regard its contributions as generous compensation to recipient countries like Poland which suffered under Nazi rule.

In 1953 Poland’s then-communist rulers relinquished all claims to war reparations under pressure from the Soviet Union, which wanted to free East Germany, also a Soviet satellite, from any liabilities. PiS says that agreement is invalid because Poland was unable to negotiate fair compensation.

Mularczyk said his committee hoped to complete its report on the reparations issue by Sept. 1, the 80th anniversary of Hitler’s invasion.

Accusing Berlin of playing “diplomatic games” over the issue, he said: “The matter is being swept under the rug (by Germany) … until it’ll be wiped from the memory, from people’s awareness.”

His comments come after the Greek parliament voted this month to seek billions of euros in German reparations for the Nazi occupation of their country.

(Additional reporting by Anna Wlodarczak-Semczuk, Editing by Justyna Pawlak and Gareth Jones)

Source: OANN

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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