Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Biogen scraps Alzheimer’s trial, shares skid

A sign marks a Biogen facility in Cambridge
FILE PHOTO: A sign marks a Biogen facility in Cambridge, Massachusetts, U.S. January 26, 2017. REUTERS/Brian Snyder

March 21, 2019

(Reuters) – Biogen and partner Eisai Co Ltd are ending two late-stage trials testing an Alzheimer’s drug, they said Thursday, marking the latest setback for an industry keen to develop treatments for the memory-robbing disease.

Shares in Biogen slid 25 percent to $81.60 in premarket trading.

The decision to discontinue the trials testing drug aducanumab was made after an independent data monitoring committee reported the drug was unlikely to be successful, the companies said. The recommendation was not based on safety concerns, they added.

After dozens of experimental Alzheimer’s drugs have failed in the recent past, there is a desperate need for a treatment that works.

The disease is the most common form of dementia that affects nearly 50 million people worldwide and is expected to rise to more than 131 million by 2050, according to Alzheimer’s Disease International.

Biogen said it would continue to develop other treatments for Alzheimer’s.

“This disappointing news confirms the complexity of treating Alzheimer’s disease and the need to further advance knowledge in neuroscience,” Biogen Chief Executive Officer Michel Vounatsos said.

“We will continue advancing our pipeline of potential therapies in Alzheimer’s disease.”

The companies, however, for now will also discontinue a mid-stage study and a long-term extension study of aducanumab.

(Reporting by Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)

Source: OANN

0 0

Prosecutor: Authorities skeptical early of man’s abuse claim

The Latest on the investigation of a man who allegedly claimed to be a long-missing child from Illinois (all times local):

12:35 p.m.

A federal prosecutor says a man who claimed to be a long-missing boy raised immediate suspicions after he declined to be fingerprinted.

Benjamin Glassman is the U.S. Attorney for the Southern District of Ohio. He says investigators moved as quickly as possible to determine the truth after the man said he was Timmothy Pitzen, who disappeared in Aurora, Illinois, in 2011 at age 6.

The man, later identified as 23-year-old Brian Rini of Medina, Ohio, was charged Friday with making false statements to authorities.

Glassman said Friday that the charge is important to send the message that such false claims cause pain to families of missing people.

Robert Brown, the FBI agent over the Louisville office, says more than 50 law enforcement and public health officials helped in the investigation.

___

11:50 a.m.

The FBI says an Ohio man has been charged with making false statements after authorities say he falsely claimed to be an Illinois boy missing for eight years.

An affidavit filed in federal court Friday says 23-year-old Brian Rini repeatedly told investigators he was Timmothy Pitzen, who disappeared in Aurora, Illinois, in 2011 at age 6.

The affidavit says Rini refused to be fingerprinted but submitted to a DNA test after which his true identity was determined.

The FBI announced the charges Friday ahead of a news conference. Court documents show Rini appeared in federal court Friday morning where the charges were explained to him.

A message was left with Rini's public defender seeking comment. A detention hearing was scheduled for Tuesday.

___

11:15 a.m.

An FBI affidavit says an Ohio man who authorities say falsely claimed to be an Illinois boy missing for eight years has made similar claims twice before.

The affidavit filed in federal court Friday says 23-year-old Brian Rini repeatedly told investigators he was Timmothy Pitzen, who disappeared in Aurora, Illinois, in 2011 at age 6.

The affidavit says Rini refused to be fingerprinted but submitted to a DNA test after which his true identity was determined.

The affidavit says Rini had watched a TV show about Pitzen and told investigators he wanted to get away from his family.

Investigators determined Rini had twice before falsely portrayed himself as a juvenile sex trafficking victim.

Federal court records don't list an attorney for Rini.

___

8:30 a.m.

A 23-year-old man authorities say falsely claimed to be an Illinois boy missing for eight years is being held in an Ohio jail.

Hamilton County's jail site shows Brian Rini of Medina, Ohio, was jailed Thursday. There were no charges listed Friday and no other information was available immediately.

The FBI announced Thursday afternoon that DNA tests disproved the claim of a person who Wednesday identified himself as Timmothy Pitzen, who disappeared in Aurora, Illinois, in 2011 at age 6.

Rini was released on probation from Ohio prison last month after serving more than a year on burglary and vandalism charges.

___

1:02 a.m.

A day of false hope has given way to questions about why a man would claim to be an Illinois boy who disappeared eight years ago.

The FBI declared the man's story a hoax Thursday one day after he identified himself to authorities as Timmothy Pitzen, who disappeared in 2011 at age 6.

Newport Police Chief Tom Collins identified the man to ABC as 23-year-old ex-convict Brian Rini of Medina, Ohio, who was released from prison less than a month ago after serving more than a year.

The man had told police he's Timmothy and escaped from men who held him captive.

___

Follow Dan Sewell at https://www.twitter.com/dansewell

Source: Fox News National

0 0

Weak Indian demand drags March services growth to six-month low: PMI

Waiter carries plates of food for customers at the Britannia and Co. restaurant in Mumbai
A waiter carries plates of food for customers at the Britannia and Co. restaurant in Mumbai September 19, 2013. REUTERS/Danish Siddiqui/File Photo

April 4, 2019

BENGALURU, (Reuters) – India’s dominant services industry last month grew at its slowest pace since September, hampered by a weaker expansion in domestic demand that dragged the pace of hiring to a six-month low, a private survey showed.

The Nikkei/IHS Markit Services Purchasing Managers’ Index fell to 52.0 in March from 52.5 the previous month but remained above the 50 mark separating growth from contraction for a 10th consecutive month.

The index change “was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide,” noted Pollyanna De Lima, principal economist at IHS Markit.

Although foreign demand improved last month after contracting slightly in February, a sub-index tracking overall demand slipped as firms raised prices more quickly – despite a decline in the rate of input price inflation.

However, that is probably not enough to boost retail inflation to above the Reserve Bank of India’s medium-term target of 4 percent, thus paving the way for more monetary policy easing.

The RBI has a policy decision due later on Thursday, and it is widely expected to cut interest rates for a second consecutive meeting, according to a Reuters poll.

A slowdown in the growth in services activity, alongside weaker manufacturing expansion, led the India composite index to fall to a six-month low of 52.7 in March – the lowest since September – from February’s 53.8.

Despite a sub-index measuring optimism in the services industry hitting a six-month high, the one gauging employment weakened to its lowest since September.

“An anemic pace of job creation hints that service providers are not fully convinced about a shift into a higher growth gear,” De Lima said.

“Digging deeper into the anecdotal evidence provided by surveyed firms, there are concerns about delayed payment from clients and a challenging economic situation,” she added.

(Reporting by Indradip Ghosh; Editing by Richard Borsuk)

Source: OANN

0 0

Reports: ISIS-Somalia Deputy Killed in US Air Strike

An American airstrike has killed the No. 2 leader of ISIS-Somalia, Air Force Times reported Monday.

The U.S. Africa Command announced Abdulhakim Dhuqub was killed Sunday in northeastern Somalia. A second man with Dhuqub was killed but has not been identified, Voice of America reported.

ISIS-Somalia is led by Sheikh Abdulkadir Mumin, a former scholar for al-Shabab. In October 2015 he defected from the group and pledged his allegiance to ISIS leader Abu Bakr al-Baghdadi, VOA reported.

Dhoqob was Mumin's right-hand-man and has appeared in videos produced by the group; Mumin himself survived another airstrike in his mountainous hideout in Bari region in November 2017.

"Killing one of their top leaders will speed up their eradication," regional minister Abdisamad Mohamed Gallan told VOA.

ISIS-Somalia is a splinter group of al-Shabab, a group aligned with al-Qaida and also active in Somalia.

According to Air Force Times, the United States has conducted airstrikes to kill militants in Somalia since 2007, but the number of strikes per year was never more than three. Beginning in 2016, airstrikes in Somalia spiked to 15. In 2018, the Foundation for Defense of Democracies' Long War Journal cataloged 47 strikes in-country.

Source: NewsMax America

0 0

Senate votes to end US support for Saudi forces in Yemen

The Senate voted Wednesday to end U.S. support for the Saudi Arabia-led coalition in Yemen's ongoing civil war, the latest in a series of foreign policy rebuffs to President Trump.

Seven Republicans broke with Trump to support the resolution, which was co-sponsored by Sens. Bernie Sanders, I-Vt. and Mike Lee, R-Utah. They were: Lee, Susan Collins of Maine, Steve Daines of Montana, Jerry Moran of Kansas, Lisa Murkowski of Alaska, Rand Paul of Kentucky and Todd Young of Indiana.

Lawmakers have never before invoked the War Powers Resolution of 1973 to stop a foreign conflict, but Wednesday's 54-46 vote brought them a step closer to doing just that in order to cut off U.S. support for a war that has triggered a humanitarian catastrophe.

"The bottom line is that the United States should not be supporting a catastrophic war led by a despotic regime with an irresponsible foreign policy," Sanders said on Wednesday from the Senate floor. He said a vote in favor of the measure would "begin the process of reclaiming our constitutional authority by ending United States involvement in a war that has not been authorized by Congress and is unconstitutional."

The measure will move to the Democrat-controlled House, where it is expected to pass. Trump has threatened to veto the resolution, which the White House says raises "serious constitutional concerns."

In its statement threatening a veto, the White House argued that the premise of the resolution is flawed, and that it would undermine the fight against extremism. U.S. support for the Saudis does not constitute engaging in "hostilities," the statement said, and the Yemen resolution "seeks to override the president's determination as commander in chief."

"By defining `hostilities' to include defense cooperation such as aerial refueling," the White House statement said, the Yemen resolution could also "establish bad precedent for future legislation."

Trump's support for Saudi Arabia has been a point of tension with Congress since the killing of U.S.-based activist and writer Jamal Khashoggi last year. Lawmakers from both parties have criticized Trump for not condemning Saudi Arabia strongly enough for the killing.

Sen. Majority Leader Mitch McConnell, R-Ky., addressed those tensions when he urged his colleagues to oppose the measure.

"We should not use this specific vote on a specific policy decision as some proxy for all the Senate's broad feelings about foreign affairs. Concerns about Saudi human rights issues should be directly addressed with the administration and with Saudi officials," McConnell said from the Senate floor.

McConnell argued that the Yemen resolution would "not enhance America's diplomatic leverage" and would make it more difficult for the U.S. to help end the conflict in Yemen and minimize civilian casualties.

Sen. James Risch, R-Idaho, who chairs the Foreign Relations Committee, argued that U.S. support for the Saudi-led coalition helps facilitate peace talks and withdrawing from the conflict would delay an eventual political settlement.

"Peace envoys are telling us they want deeper U.S. engagement in this situation," Risch said in a statement following the vote. "This resolution sends a terrible message of U.S. division and lack of resolve, and sets a bad precedent for using the War Powers Resolution to express political disagreements with a president. We should instead signal our resolve that the U.S. is committed to playing an important role in pushing for a sustainable political settlement in Yemen."

A similar resolution to end support for the Yemen war passed the Senate in December, but it was not taken up by the House, which was then controlled by Republicans.

Approaching its fifth year, the war in Yemen has killed thousands and left millions on the brink of starvation, creating what the United Nations called the world's worst humanitarian crisis.

CLICK HERE TO GET THE FOX NEWS APP

Sen. Chris Murphy, D-Conn., said before the vote that the resolution "will be seen as a message to the Saudis that they need to clean up their act."

"We are made weaker in the eyes of the world when we willingly participate in war crimes, when we allow our partners to engage in the slaughter of innocents," Murphy said.

Fox News' Chad Pergram and The Associated Press contributed to this report.

Source: Fox News Politics

0 0

Alexandria Ocasio-Cortez promotes ‘anti-capitalist’ streaming service

Alexandria Ocasio-Cortez is putting her political brand behind a yet-to-be-launched socialist streaming service.

Rep. Ocasio-Cortez, D-N.Y., late Thursday shared a video put together by Means TV, which describes itself as “an anti-capitalist on-demand digital streaming platform launching in late 2019.” The group’s website outlines how it plans to grow into being “an anti-capitalist media institution together,” featuring “your favorite Leftist influencers, comedians, writers, organizers, and voices.”

TUCKER CARLSON: SOMEDAY, THE AOC MOMENT WILL PASS AND DEMS WILL REJOIN ADULT CONVERSATIONS ABOUT IMMIGRATION

Ocasio-Cortez plugged the video with her own commentary on the ills of the capitalist system.

“How on earth could young people, whose wages are flat, costs of living skyrocketing, experiencing increased social instability via bigotry, addiction, + violence, expected to live shorter lifespans than previous gens dare question the larger economic forces in their lives?!” she tweeted.

The video itself featured comedian Sara June sarcastically explaining how capitalism works, and how to succeed in it.

“Another beautiful day under capitalism, the greatest most functional economic system that has ever existed,” the clip begins, before June spits out a sip from a cup of coffee.

“Under capitalism, there are two ways to make money, and you definitely have to make money. If you’re lucky, you own something like an apple farm, or a glue factory. That makes you the owning class. If you don’t own anything, you’re part of the working class and you make money by selling your labor. You pretty much sell your labor until you retire. Sorry, let’s take that again. You pretty much sell your labor until you die.”

CLICK HERE TO GET THE FOX NEWS APP

The clip wraps up with the line: “In conclusion, capitalism is a fun and efficient way to consolidate all the world's resources in the control of a tiny group of massively rich individuals at the expense of everyone else.”

Source: Fox News Politics

0 0

Netanyahu: Israel is prepared for broad Gaza campaign – but as final option

FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu speaks as U.S. Secretary of State Mike Pompeo visits Netanyahu's official residence in Jerusalem
FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu speaks as U.S. Secretary of State Mike Pompeo visits Netanyahu's official residence in Jerusalem March 21, 2019. REUTERS/Amir Cohen

March 28, 2019

JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu said on Thursday that Israel is prepared to wage a broad military campaign in Gaza but only as a last resort, after a two-day flareup of cross-border fighting less than two weeks before an Israeli election.

“All Israelis should know that if a comprehensive campaign is required, we will enter it strong and safe, and after we have exhausted all of the other possibilities,” Netanyahu said after visiting the Gaza frontier and meeting with Israeli commanders.

Security is a major issue for Netanyahu in Israel’s April 9 election. In power for a decade and beset by corruption allegations that he denies, he is facing his strongest electoral challenge from a centrist coalition led by a former general.

Israel launched air strikes and moved troops and armor reinforcements to the Gaza border after a Palestinian rocket attack from the Hamas Islamist-run enclave wounded seven Israelis in a village north of Tel Aviv on Monday.

“We are tightening the security ring around the Gaza Strip,” Netanyahu said in a speech at a highway dedication in Israel after returning from the border with the territory.

This week’s fighting came ahead of the first anniversary on March 30 of the start of weekly Gaza protests at the frontier. The protests’ organizing committee called for a million-person march to mark the anniversary on Saturday at five locations along the frontier with Israel.

Some 200 Gazans have been killed and thousands wounded by Israeli fire in the past year. One Israeli soldier was killed.

Israel says its use of lethal force is meant to stop attempts to breach the border and launch attacks on its troops and civilians.

The protesters are demanding the right to return to lands Palestinians fled or were forced to leave in Israel during fighting that accompanied its founding in 1948.

After two days of rocket attacks from Gaza and Israeli air strikes, an uneasy calm took hold on Wednesday amid Egyptian mediation.

Seven Israelis were injured in Monday’s initial rocket strike in the village of Mishmeret, 120 km (75 miles) north of Gaza. Twelve Palestinians were wounded by Israeli attacks, Gaza health officials said.

(Reporting by Jeffrey Heller; Editing by Peter Graff)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

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

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

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

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist