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Jussie Smollett bombshell pits Obama chiefs of staff against one another

The Jussie Smollett saga has driven a wedge into Obama World.

In yet another strange twist, the troubled actor’s case has pitted two key figures in the former president’s White House – who happen to be political heavy hitters in Chicago – against one another now that charges that Smollett faked a hate crime have been dropped.

CHICAGO POLICE: JUSSIE SMOLLETT ALLEGED HOAX LETTER CASE HANDED OVER TO FBI

On one side is Rahm Emanuel, the tough-as-nails outgoing Chicago mayor and former chief of staff to Barack Obama. On the other is Tina Tchen, a Chicago attorney and Michelle Obama’s former chief of staff.

While the latter's role is cloaked in mystery, Emanuel has been straight-to-the-cameras about what he thinks of the decision to drop the Smollett case. A day after he called that stunning move a "whitewash of justice," the mayor fumed during an appearance on ABC's "Good Morning America."

"This is actually making a fool of all of us," the mayor said. “Especially [in] a city that embraced not only him as an actor but more importantly the values of being whoever you are, whoever you love, whatever your background is, you have a home here. He took that, turned it around and tried to self-promote himself.”

Shown here is Tina Tchen. (Photo by Jesse Grant/Getty Images for The Recording Academy)

Shown here is Tina Tchen. (Photo by Jesse Grant/Getty Images for The Recording Academy)

Emanuel is now considering suing the actor to recoup some of the money the city wasted on its investigation. The Chicago mayor says he wants to recoup close to $150,000 in funds that were spent on the Smollett case, after all charges against the “Empire” actor were dropped following 16 hours of community service and an agreement to forfeit his $10,000 bond.

Meanwhile, the former first lady’s chief of staff has been quietly advocating for the troubled actor behind the scenes.

According to a report in the Chicago Sun-Times, Tchen reached out to Cook County State’s Attorney Kim Foxx just days after Smollett reported the alleged attack.

“I wanted to give you a call on behalf of Jussie Smollett and family who I know. They have concerns about the investigation,” Tchen wrote in a text message to Foxx. The Chicago lawyer also gave Foxx’s number to a relative of Smollett’s who was concerned about the Chicago police’s handling of the investigation, and hoped to have the case handed over to the FBI.

Foxx – who later recused herself from Smollett’s case due to her contact with the family – took the concerns to Chicago Police Superintendent Eddie Johnson.

“They had no doubt about the quality of the investigation, but believed that the FBI would have a tighter lid on the information,” Foxx told the Sun-Times, adding that Johnson was originally receptive to the idea.

WHO IS TINA TCHEN, THE ATTORNEY LINKED TO JUSSIE SMOLLETT MESSAGES?

Police spokesman Anthony Guglielmi, however, said that while the FBI was involved in the investigation from the start, Chicago police never considered handing the case over to federal investigators.

Smollett reported on Jan. 29 that he was attacked around 2 a.m. on his way home from a sandwich shop. Smollett said two masked men shouted racial and anti-gay slurs, poured bleach on him, beat him and tied a rope around his neck. He claimed they shouted, “This is MAGA country” — a reference to President Trump’s “Make America Great Again” campaign slogan. Smollett told police he could see that one of his attackers was white because he could see the skin around his eyes.

Soon though, the tides shifted and investigators accused Smollett of making the whole thing up because he was unhappy with his pay on "Empire" and believed the publicity ginned up from the incident would promote his career.

Smollett plays the gay character Jamal Lyon on "Empire."

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Smollett was initially charged with one count of lying to the authorities on Feb. 20. A few days later, a grand jury indicted him on 16 felony counts of lying to authorities — eight counts for what he told the officer who responded to the report of the Jan. 29 attack in downtown Chicago, and eight counts for what he later told a detective about being the victim of a brutal racist and homophobic beating by two masked men.

For his part, Smollett has always maintained his innocence. After the charges were dropped Tuesday, he posed with fans outside the courthouse and thanked his friends and family for standing by him. He also thanked the state of Illinois for "attempting to do what's right."

Fox News' Barnini Chakraborty and the Associated Press contributed to this report.

Source: Fox News Politics

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Canada’s Bombardier cuts full-year profit and revenue forecast

FILE PHOTO: Logo of Bombardier is seen in Zurich
FILE PHOTO: Logo of Bombardier is seen at an office building in Zurich, Switzerland, February 28, 2019. REUTERS/Arnd Wiegmann/File Photo

April 25, 2019

(Reuters) – Canada’s Bombardier Inc on Thursday cut its full-year profit and revenue forecast, due to slower production ramp-up of some of its large projects in its transportation business.

The plane and train maker cut its 2019 revenue estimates by $1 billion to $17 billion, while adjusted core earnings is expected to be in the range of $1.50 billion to $1.65 billion, compared with its prior expectation of $1.65 billion to $1.8 billion.

(Reporting by Arathy S Nair in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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Alabama bill would allow churchgoers to carry guns

Some Alabama lawmakers want churchgoers to be able to defend themselves in church -- so they are proposing a bill that would allow them to be armed while sitting on the pews.

State Rep. Lynn Greer filed a bill this month in the State Legislature called the "Alabama Church Protection Act," which would allow parishioners to carry guns in church.

Al.com reported the Republican state lawmaker said he proposed the bill, HB 36, at the request of a church in his district after shootings in other states.

According to the proposed legislation, “a person is not criminally liable for using physical force, including deadly force, in self-defense or in the defense of another person on the premises of a church under certain conditions.”

The bill was previously introduced in the State House of Representatives last year and would add churches to the 2006 Stand Your Ground law, which allows someone to use force if they feel their life is threatened, according to Al.com.

VIRGINIA WANTS TO ALLOW GUNS IN CHURCHES IN WAKE OF DEADLY SHOOTINGS

“I think it’s a good idea,” Birmingham attorney Eric Johnston, who is the president of the Southeast Law Institute, told Al.com. “Small churches don’t have the budgets to have a policeman,” said Johnston.

In a public hearing last year, members of Moms Demand Action for Gun Sense in America opposed the bill.

CONCEALED CARRY GROUP'S ONLINE GUN-TRAINING EVENT TO FOCUS ON PROTECTING PLACES OF WORSHIP 

The House Judiciary Committee approved the bill last year, but it never made it out of the Legislature, according to Al.com.

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There have been more than a dozen fatal shootings at places of worship around the country since 2012, including November 2017 when Devin Kelley opened fire at the First Baptist Church of Sutherland Springs, Texas, killing 26 people.

The Associated Press contributed to this report.

Source: Fox News Politics

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Nissan may ask ex-Toray boss Sakakibara to chair board meetings: source

FILE PHOTO: Chairman of Japan Business Federation Sadayuki Sakakibara attends a news conference in Tokyo
FILE PHOTO: Chairman of Japan Business Federation (Keidanren) Sadayuki Sakakibara attends a news conference in Tokyo, Japan, January 23, 2017. REUTERS/Toru Hanai

March 14, 2019

TOKYO (Reuters) – Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday.

Japan’s No. 2 automaker is considering nominating Sakakibara, a former head of powerful business lobby Japan Business Federation, to become an external director at the general shareholders’ meeting in late June, the source, who has direct knowledge of the matter, told Reuters.

The person declined to be identified because the decision is not final.

(Reporting by Maki Shiraki; Writing by Chang-Ran Kim; Editing by Stephen Coates)

Source: OANN

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The Latest: Australian DJ charged with attempted kidnapping

The Latest on an alleged attempted toddler kidnapping (all times local):

4:15 p.m.

An Australian man accused of attempting to kidnap a 2-year-old boy from a busy San Francisco street appeared in court on the charge.

Roscoe Bradley Holyoake did not enter a plea during his appearance Tuesday.

His public defender, Steve Olmo, told reporters that Holyoake has no previous criminal record and was in San Francisco on business.

Holyoake did not speak during the five-minute hearing and was ordered return to court Thursday to enter a plea.

San Francisco police say good Samaritans stopped a man who tried to kidnap the boy last week in the city's Castro neighborhood.

Australian media have reported that the 34-year-old is a prominent disc jockey based in Perth.

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9:10 a.m.

San Francisco police say good Samaritans stopped a man who tried to kidnap a 2-year-old boy last week in the city's Castro neighborhood.

The San Francisco Chronicle reports the man was identified by jail records as 34-year-old Roscoe Bradley Holyoake.

Police say the child and his mother were walking down a street Friday afternoon when a Holyoake allegedly snatched the boy from her arms.

They say Holyoake made it about half a block with the boy as the mother chased him when bystanders grabbed him and held him down until officers arrived.

Holyoake was booked into San Francisco County Jail on suspicion of kidnapping and his bail was set at $500,000.

___

Information from: San Francisco Chronicle, http://www.sfgate.com

Source: Fox News National

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Report: Baltimore’s Mayor Pugh Has Fled State

In the wake of federal raids at the homes and City Hall offices of embattled Baltimore Mayor Catherine Pugh, one report asserted she has skipped town.

The first-term Democratic mayor slipped out of sight April 1, citing deteriorating health, just as Gov. Larry Hogan called on the state prosecutor to investigate allegations of "self-dealing." She has not been heard from since.

But after the Thursday morning raids, Hogan joined calls for her immediate resignation.

Meanwhile, CBS affiliate WJZ reported Pugh was at her home when the raid began — and has since left the state.

According to the Associated Press, Pugh's main spokesman, James Bentley, said he had not spoken with her and does not even know where she is. 

But Pugh's lawyer, Steve Silverman, said he met with her Thursday afternoon to discuss "options" after the court-authorized searches by federal agents. He said a way forward "will be up to her," but did not offer more specifics, AP reported.

Silverman also said Pugh is "physically still ill" from a bout of pneumonia and "emotionally extremely distraught" following the searches by FBI and IRS agents.

For years, Pugh, 69, had negotiated lucrative deals to sell her "Healthy Holly" books to customers. She sold $500,000 worth of the illustrated paperbacks to the University of Maryland Medical System, on whose board she sat for nearly 20 years, AP reported. She also made $300,000 in bulk sales to other customers including two major health carriers that did business with the city, the news agency reported.

Source: NewsMax Politics

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Warren Latest Presidential Candidate to Release Tax Returns

Sen. Elizabeth Warren, D-Mass, paid $230,965 in taxes after deductions on an adjusted gross income of $850,000 between her and husband, Bruce Mann, her 2018 federal tax returns reveal.

Warren released her returns on Wednesday. They were detailed in a report by ABC News.

“I’ve put out eleven years of my tax returns because no one should ever have to guess who their elected officials are working for,” Warren said. “Doing this should be law,” Warren said.

According to the documents, Warren’s income included her $176,280 Senate salary and the $402,897 her husband earned as a professor at Harvard Law School. Warren, whose latest book was published in 2017, also reported earning about $325,000 as a writer.

Warren is the latest Democratic presidential hopeful to release tax returns. Sen. Kirsten Gillibrand of New York and Washington Gov. Jay Inslee did so earlier. Sen. Bernie Sanders, I-Vt., said he will release his returns on April 15.

The release of the returns come as Democrats continue to pressure President Donald Trump to provide his, the network news reported.

Source: NewsMax Politics

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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