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NBA player Porzingis denies rape allegation: lawyer

NBA: Dallas Mavericks at Sacramento Kings
Mar 21, 2019; Sacramento, CA, USA; Dallas Mavericks forward Kristaps Porzingis (6) sits on the bench during the fourth quarter against the Sacramento Kings at Golden 1 Center. Sergio Estrada-USA TODAY Sports/File Photo

March 31, 2019

(Reuters) – The lawyer for National Basketball Association player Kristaps Porzingis on Sunday denied an allegation that his client sexually assaulted a woman in 2018.

“We are aware of the complaint … and unequivocally deny the allegations,” the lawyer, Roland Riopelle, said in a statement to Reuters.

Riopelle told Newsday the sex was consensual.

Local media reported on Sunday that the New York Police Department had opened an investigation into the allegation against the 23-year-old Latvian-born center. A police spokesman said the department did not have a comment.

The New York Post reported that Porzingis had been accused of raping and beating a 29-year-old woman in his Manhattan penthouse hours after suffering a knee injury on Feb. 6, 2018, while playing for the New York Knicks.

The woman, who lived in the same building, made her allegation on Thursday and police investigators are considering her credible, a high-ranking source within the department told the Post.

Riopelle said the NBA was made aware of the rape allegation months ago, before Porzingis was traded to the Dallas Mavericks. He also said his legal team referred “extortionate demands” made by the accuser to federal law enforcement in December.

(Reporting by Brendan O’Brien in Milwaukee; Editing by Peter Cooney)

Source: OANN

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Dozens of Dems vote 95 percent of time with AOC despite Pelosi’s claim that bloc is ‘like five people’

Nearly 70 Democrats have been voting in tandem with Rep. Alexandria Ocasio-Cortez despite House Speaker Nancy Pelosi’s scoffing that the far-left Democratic wing was only “like five people.”

Pelosi downplayed the influence of the new-wave progressives, particularly Ocasio-Cortez, who pushed the party leftwards, during an interview with CBS News' Lesley Stahl on “60 Minutes,” saying that despite the noise, the party is still largely centrist and rejects socialism “as an economic system.”

“You have these wings, AOC and her group on one side,” Stahl told Pelosi, to which the 79-year-old replied: “That's like five people.”

PELOSI PLAYS DOWN INFLUENCE OF AOC WING OF DEMOCRATS, SAYS IT'S 'LIKE 5 PEOPLE'

But according to Fox News’ review of voting records using ProPublica data tools, 68 lawmakers voted with Ocasio-Cortez at least 95 percent of the times since January, representing over a fourth of all seats held by Democrats.

The lawmakers voting in tandem with the New York Democrat aren’t just freshmen lawmakers, but includes a number of other high-profile Democrats.

Presidential candidates Eric Swalwell and Tusli Gabbard both voted with Ocasio-Cortez 95 percent of the times. Rep. Adam Schiff,  the House Intelligence Committee chair, also voted with her 95 percent percent of the time.

Pelosi’s claim that the progressive caucus represents about “five people” appears to be correct only when counting lawmakers who voted 97 percent of the time with the New York Democrat. Those include Ilhan Omar, D-Minn., Rashida Tlaib, D-Mich.., Ayanna Pressley, D-Mass., and Donald Payne, D-N.J.

During the CBS interview, Pelosi’s remarks were met with pushback, pointing out that the progressive group has more than five people, to which she responded saying she’s a progressive as well.

PELOSI APPEARS TO TAKE NEW JAB AT OCASIO-CORTEZ, SAYS ‘A GLASS OF WATER’ WITH A ‘D’ COULD WIN THEIR DISTRICTS

She added that Congressional Democrats “by and large ... know that we have to hold the center, that we have to go down the mainstream,” and said she “reject[s] socialism as an economic system.”

“If people have that view, that's their view," she said. "That is not the view of the Democratic Party.”

Pelosi continued taking a swipe at far-left Democrats during her trip to Ireland and the United Kingdom, telling an audience on Monday that both she and Ocasio-Cortez won in districts where “glass of water" with a "D" next to it could win.

“When we won this election, it wasn’t in districts like mine or Alexandria’s,” Pelosi said. “[S]he’s a wonderful member of Congress as I think all of our colleagues will attest. But those are districts that are solidly Democratic.”

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To drive the point home she picked up a water glass next to her and said: “This glass of water would win with a ‘D’ next to its name in those districts.”

Fox News’ Nicole Darrah and Bradford Betz contributed to this report.

Source: Fox News Politics

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NBA notebook: Grizzlies fire coach, demote GM

NBA: Houston Rockets at Memphis Grizzlies
FILE PHOTO: Mar 20, 2019; Memphis, TN, USA; Memphis Grizzlies head coach J.B. Bickerstaff during the game against the Houston Rockets at FedExForum. Memphis won 126-125. Mandatory Credit: Nelson Chenault-USA TODAY Sports

April 12, 2019

Speaking to local media around midday Thursday, Memphis Grizzlies general manager Chris Wallace said he hadn’t talked with team owner Robert Pera yet, but he could make one declaration: Head coach J.B. Bickerstaff would return for a second season. Two hours later, that decision had changed, and several other moves were made.

The Grizzlies fired Bickerstaff and demoted Wallace to a scouting role.

Memphis also named Jason Wexler as team president with “oversight of both business and basketball operations,” the team said in a statement. The Grizzlies promoted Zach Kleiman to executive vice president of basketball operations, with former VP John Hollinger reassigned to a senior advisory position.

“In order to put our team on the path to sustainable success, it was necessary to change our approach to basketball operations,” Pera said in a statement. “I look forward to a reenergized front office and fresh approach to Memphis Grizzlies basketball under new leadership, while retaining the identity and values that have distinguished our team.”

–Sacramento Kings coach Dave Joerger was fired after three seasons, the team announced.

“After evaluating the season, I determined that we need to move in a different direction in order to take us to the next level,” general manager Vlade Divac said.

Joerger led the Kings to a 39-43 record this season, good for ninth place in the NBA’s Western Conference. It was their best record since 2005-06 — the last time they qualified for the playoffs. The Kings started this season at 30-26 and were in the playoff hunt until a 9-17 finish left them nine games behind the Los Angeles Clippers for the final postseason spot in the West.

–Larry Drew will not return for a second season as the head coach of the Cleveland Cavaliers after he and the team mutually agreed to part ways.

“Larry and I had a productive discussion about this past season, the future of the franchise and the search process that we will shortly launch regarding the head coaching role,” general manager Koby Altman said in a statement. “Larry respectfully declined to participate in the search process and will not be returning to coach the Cavaliers.”

The Cavs finished 19-63 in 2018-19 as Drew took over after the firing of Tyronn Lue on Oct. 28 following the team’s 0-6 start. Drew was named interim head coach at first before agreeing to a new deal on Nov. 5.

–Cardiologists have cleared Chicago Bulls forward Lauri Markkanen to resume full basketball activities, the team announced.

Markkanen, 21, experienced extreme fatigue and an accelerated heart rate during a game in Toronto on March 26. A battery of tests conducted at Chicago’s Rush University Medical Center and Johns Hopkins University in Baltimore determined that dehydration and nutrient deficiency caused his symptoms.

The 7-footer missed the rest of the regular season, finishing his second campaign with averages of 18.7 points and 9.0 rebounds in 52 games.

–The Phoenix Suns officially named James Jones as general manager, giving him control over all basketball operations for the team.

The Suns also added Jeff Bower as senior vice president of basketball operations and retained Trevor Bukstein as assistant general manager. Both will report to Jones, the team announced in a statement.

Jones, 38, who played 14 seasons in the league and won three NBA championships, had served as Phoenix’s VP of basketball operations the past two seasons. He shared GM duties this past season with Bukstein.

–Field Level Media

Source: OANN

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In possible first, Cuba allows march by animal activists

On Sunday morning, a group of animal-lovers will march a mile down one of Havana's main thoroughfares waving placards calling for an end to animal cruelty in Cuba.

Short, seemingly simple, the march will write a small but significant line in the history of modern Cuba. The socialist government is explicitly permitting a public march unassociated with any part of the all-encompassing Communist state, a move that participants and historians call highly unusual and perhaps unprecedented since the first years of the revolution.

Still, there is no indication Cuba is moving toward unfettered freedom of assembly: The state still clamps down on unapproved political speech with swift and heavy police mobilizations, waves of arrests and temporary detentions.

Source: Fox News World

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MLB roundup: Bauer pitches Indians past Astros

MLB: Cleveland Indians at Houston Astros
Apr 25, 2019; Houston, TX, USA; Cleveland Indians starting pitcher Trevor Bauer (47) delivers a pitch during the second inning against the Houston Astros at Minute Maid Park. Mandatory Credit: Troy Taormina-USA TODAY Sports

April 26, 2019

Trevor Bauer won his individual matchup against Gerrit Cole, his former UCLA staff mate, and the Cleveland Indians claimed the opener of their four-game series with the host Houston Astros 2-1 Thursday.

Bauer (3-1) allowed at least one baserunner in each of his eight innings yet faced just one batter with a runner in scoring position. The Astros managed one run off Bauer: a 411-foot solo home run from George Springer in the third.

Bauer yielded four hits and six walks while fanning three. Cleveland got solo homers from Leonys Martin in the third inning and Jake Bauers in the fifth. Brad Hand threw a perfect ninth inning for his seventh save.

Cole (1-4) allowed two runs on three hits and three walks in seven innings. He struck out 10.

Diamondbacks 5, Pirates 0

Zack Greinke pitched seven two-hit scoreless innings and tripled and scored to lead visiting Arizona past Pittsburgh, completing a four-game series sweep.

Greinke (4-1) struck out seven and walked one. He retired the final 14 batters he faced. Andrew Chafin pitched the eighth and Yoshihisa Hirano the ninth to complete the combined five-hit shutout.

Christian Walker doubled twice, scored once and drove in a run, and Jarrod Dyson was 3 for 5 with an RBI and two runs scored for Arizona, which has won nine of its last 11.

Angels 11, Yankees 5

David Fletcher drove in a career-high five runs, helping Los Angeles rally from a four-run deficit to beat New York in Anaheim, Calif. The result ended the Yankees’ six-game winning streak.

Fletcher snapped a 4-4 tie in the sixth inning with a two-run single, then added a three-run triple in the seventh inning, extending the Angels’ lead to 11-4. Both hits came with two outs.

Tommy La Stella and Kole Calhoun homered for the Angels. Luke Voit had three hits for the Yankees, who got a home run from Gio Urshela.

Reds 4, Braves 2

Luis Castillo pitched six shutout innings, and Eugenio Suarez drove in three runs and scored another to lift Cincinnati past visiting Atlanta.

Castillo (3-1) allowed eight hits, no walks and struck out a season-low two batters. He also got a base hit — his first of the season — and scored a run. Castillo has posted a 1.16 ERA in his past 11 starts since Aug. 1, 2018.

The Reds won two games in the three-game series and have not lost a series against Atlanta since 2014. Cincinnati has won five of its past seven.

Marlins 3, Phillies 1 (10 innings)

Starlin Castro hit a two-run home run off Hector Neris with two outs in the 10th inning to lift visiting Miami over Philadelphia.

Neil Walker had three hits, including a pair of doubles, while Castro and Jorge Alfaro each added two hits for Miami. Walker’s double in the 10th set up Castro for the go-ahead homer. Tayron Guerrero (1-0) earned the win with a scoreless ninth. Sergio Romo picked up his fourth save in four chances this season.

Sean Rodriguez hit a solo home run and Cesar Hernandez had two hits for the Phillies.

Red Sox 7, Tigers 3

Rick Porcello collected his first victory of the season, rookie Michael Chavis hit his second career homer, and host Boston downed Detroit.

Porcello (1-3), who began the night with an 8.47 ERA, allowed three runs on six hits in six innings with five strikeouts. The Red Sox salvaged the last two games of the four-game series after dropping a day-night doubleheader on Tuesday.

Nicholas Castellanos hit a two-run homer, his first this season, for Detroit. Jordan Zimmermann (0-4) gave up five runs on five hits in three innings.

Dodgers 2, Cubs 1

A pair of runs without the aid of a base hit were all Los Angeles needed to earn a victory at Chicago that salvaged the finale of the three-game series.

The Dodgers scored once in the fifth inning when Chris Taylor’s hot smash to shortstop in the fifth inning eluded the glove of the Cubs’ Javier Baez, allowing Alex Verdugo to score from third. They added an insurance run in the eighth on a sacrifice fly from Cody Bellinger.

The Cubs got their lone run with two outs in the ninth inning when Albert Almora Jr. hit a home run against Dodgers closer Kenley Jansen.

–Field Level Media

Source: OANN

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The Latest: Official: 21 missing after Venezuelan boat sinks

The Latest on the boat that sank in the Caribbean Sea (all times local):

2:20 p.m.

Officials say they're searching for 21 people who are missing after a boat sank in the Caribbean Sea off the shore of Venezuela.

Lt. Kerron Valere of the Trinidad and Tobago Coast Guard said Thursday that four passengers have been rescued. The small craft left Venezuela a day earlier and overturned in rough seas.

Valere says Venezuela is leading the search for the missing within that nation's waters, and the Trinidad and Tobago Coast Guard is assisting.

Venezuelan officials say that most of the passengers were women, and the boat overturned near the island of Patos, roughly 5 miles (8 kilometers) from land.

Officials had initially reported that the boat was carrying 35 passengers.

___

1:45 p.m.

Dozens of Venezuelans were missing after a boat en route to the island of Trinidad sunk in the Caribbean Sea, authorities said Thursday.

An official from the country's civil protection agency said a team is searching for those who may have drowned after the 'Yonaily Jose' boat sank in rough seas on its way to the island early Wednesday.

The official spoke to The Associated Press on condition of anonymity because he was not authorized to speak publicly.

In recent years, an estimated 3.7 million Venezuelans have fled the crisis-wracked country where a political struggle is now playing out between U.S.-backed opposition lawmaker Juan Guaidó and socialist President Nicolás Maduro.

Source: Fox News World

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The Latest: Pittsburgh gives tentative approval to gun bills

The Latest on gun control legislation moving through Pittsburgh City Council in response to the synagogue attack (all times local):

11:30 a.m.

The Pittsburgh City Council has given tentative approval to gun-control legislation introduced in the wake of the 2018 synagogue massacre.

The legislation would, among other things, place restrictions on military-style assault weapons like the AR-15 rifle that authorities say was used in the attack that killed 11 and wounded seven. Council members voted 6-3 on Wednesday to pass it. A final vote will take place next week.

State law prohibits municipalities from regulating guns, and gun-rights supporters say they'll file suit against the city if the legislation goes through.

The three-bill package was watered down last week in an attempt to make it more likely to survive a court challenge.

___

11 a.m.

Pittsburgh City Council is meeting to consider gun-control legislation introduced in the wake of the synagogue massacre.

The council began hearing public comment on the bills Wednesday morning, with a vote to take place afterward. The legislation would place restrictions on military-style assault weapons like the AR-15 rifle that authorities say was used in the attack that killed 11 and wounded seven.

Tim Stevens is with the Black Political Empowerment Project and Greater Pittsburgh Coalition Against Violence. He's speaking out in support of the legislation, telling the council that he's "never understood why anyone needs an assault weapon unless they are on the field of war."

Gun-rights supporters are promising to file suit if Council passes the legislation. They say state law prohibits municipalities from regulating guns.

___

1:05 a.m.

The Pittsburgh City Council is planning to vote on gun-control legislation introduced in wake of the synagogue massacre, but Second Amendment advocates are promising a swift legal challenge if the bills are approved.

The legislation would place restrictions on military-style assault weapons like the AR-15 rifle that authorities say was used in the attack that killed 11 and wounded seven. It would also ban most uses of armor-piercing ammunition and high-capacity magazines, and would allow the temporary seizure of guns from people who are determined to be a danger to themselves or others.

An initial committee vote is planned for Wednesday.

The legislation was watered down last week in an effort to make it more likely to survive a court challenge. State law prohibits municipalities from regulating the ownership or possession of guns or ammunition.

Source: Fox News National

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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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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