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

2 pilots killed in Marine helicopter crash in Arizona

U.S. Marine Corps officials are investigating after two pilots died in a helicopter crash during a training mission in southwestern Arizona.

A statement from the Marine Corps Air Station says the crash of the AH-1Z Viper occurred at about 8:45 p.m. Saturday.

A spokesman for the station says the crash occurred on the vast Marine Corps Air Station Yuma training grounds.

Capt. Gabriel Adibe says no additional information is immediately available.

The names of the pilots who were killed have not been released pending notification of their families.

The station is located about 2 miles (3.2 kilometers) from Yuma and the 1,300 square mile (3,367 square kilometer) training ground is one of the world's largest military installations.

Source: Fox News National

0 0

Australia’s Myer department stores says to stop selling Apple products

Signs for one of Australia's Myer Holdings Ltd's retail stores is seen on the outside of the building in central Sydney
Signs for one of Australia's Myer Holdings Ltd's retail stores is seen on the outside of the building in central Sydney, Australia, February 19, 2018. REUTERS/David Gray

March 22, 2019

MELBOURNE (Reuters) – Australian department store Myer will stop selling Apple Inc products due to the sales being unprofitable, operator Myer Holdings said on Friday.

The decision will apply to Myer’s department stores and online sales, it said.

“Myer has made it clear that it will not chase unprofitable sales and has made this decision as we could not reach acceptable commercial terms that were in the best interests of the Company and shareholders,” a spokesman said in an emailed comment to Reuters.

(Reporting by Melanie Burton; Editing by Muralikumar Anantharaman)

Source: OANN

0 0

Catholic cardinal calls mass migration ‘a new form of slavery,’ says Bible shouldn’t be used to promote it

A top African cardinal of the Catholic Church branded mass migration a “new form of slavery” and said those who seek to use the Bible to promote migration are pushing a “false" interpretation of the scriptures.

“It is a false exegesis to use the Word of God to promote migration. God never wanted these rifts,” Cardinal Robert Sarah said in a new interview with French publication Valeurs Actuelles.

POPE FRANCIS TAKES THINLY VEILED SWIPE AT TRUMP, CALLS OUT LEADERS WHO WANT WALLS

Sarah, who serves as the head of the Vatican's liturgy office, is often named in traditionalist circles as their hope to one day succeed Pope Francis. He's frequently made waves with his more conservative stances on liturgical practices, Islam, migration and other issues.

Those positions were on full display in the French article, in which Sarah, from Guinea, blasted priests and bishops who “say fuzzy things, vague, imprecise, to escape criticism, and they marry the stupid evolution of the world.” On Europe, Sarah said that the Church should not cooperate with the increasing acceptance by politicians of mass migration into the traditionally Christian continent.

“All migrants who arrive in Europe are penniless, without work, without dignity...This is what the Church wants?” he asked. “The Church can not cooperate with this new form of slavery that has become mass migration. If the West continues in this fatal way, there is a great risk that, due to a lack of birth, it will disappear, invaded by foreigners, just as Rome has been invaded by barbarians.”

Sarah added: “My country is predominantly Muslim. I think I know what reality I'm talking about."

POPE FRANCIS CALLS CHURCH CRITICS 'FRIENDS OF THE DEVIL' AS ABUSE VICTIMS DEMAND TO MEET HIM 

Sarah’s comments are in stark contrast to those from Pope Francis on the subject. Francis has repeatedly stressed the value of migration and has encouraged European countries, in particular, to open their border to flows of migrants coming from the third world.

Last week, he spoke in Morocco, the main destination for sub-Saharan African migrants seeking to reach Europe via Spain, and frequently mentioned migration.

"The issue of migration will never be resolved by raising barriers, fomenting fear of others or denying assistance to those who legitimately aspire to a better life for themselves and their families," Francis said.

He also praised Morocco’s efforts to allow religious coexistence and to promote moderate forms of Islam.

But Sarah is much more skeptical of whether the Church should be open to immigration. He cited the example of Poland, a Catholic country that has strict immigration policies, and said he had urged it not to sacrifice its Polish and Catholic identities “on the altar of a technocratic and stateless Europe.”

“She is free to tell Europe that everyone was created by God to be placed in a specific place, with its culture, traditions, and history,” he told the paper. “This current desire to globalize the world by suppressing nations, specificities, is pure madness.”

CLICK HERE TO GET THE FOX NEWS APP

In the interview, he urged Europe to avoid embracing materialism and forgetting its Christian heritage, warning that it could lead to the extinction of Europe itself.

“If Europe disappears, and with it the invaluable values of the old continent, Islam will invade the world," Sarah said. "And we will totally change culture, anthropology, and moral vision."

Source: Fox News World

0 0

The End of Christianity!

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

DNA Force Plus

149.95

59.80

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

https://www.infowarsstore.com/dna-force-plus.html?ims=xxqxg&utm_campaign=DNA+Force+Plus+-+STFA+Ending+Soon+-+60%25+Off+&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-60%25off-STFA

Source: InfoWars

0 0

Watch Live: France to Ban Yellow Vest Protests to Save Macron’s Presidency

DNA Force Plus

Limited Advanced Release

149.95

74.98

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

74.98

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

DNA Force Plus

149.95

74.98

With one of our most advanced formulas yet, DNA Force Plus is finally here. Focusing on overhauling your body's cellular engines and protecting them from reactive oxygen species, DNA Force Plus has one of the best combinations of antioxidants on the market.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=byhxx&utm_campaign=Widget+-+DNA+Force+Plus+-+33%25+Off+-+Finally+Back&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-DNAFP-Widget-33%25off

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

BodEase

59.95

29.95

This is the ultimate turmeric and inflammatory support product on the market.

https://www.infowars.com/wp-content/uploads/2016/02/bodease-210.jpg

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

https://www.infowarsstore.com/bodease.html?ims=vafom&utm_campaign=IW+Bodease+50%25+Off+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-Bodease-50%25-Widget

Source: InfoWars

0 0

For Love of Country

One week into his cross-country trip to visit 50 state capitols in 50 days, Mickey Straub felt deflated.

The inspirational author and management consultant thought to himself, “This trip is silly, as he munched on a peanut butter and jelly sandwich out of the trunk of his 1997 Lincoln Town Car.

Straub was in Annapolis, Maryland, 800-plus miles from home in Illinois. It was September 2012 and Barack Obama was running for a second term as president of the United States.

The trip had weighed on Straub’s heart for 10 years, but Obama’s second run pushed him to put things into motion.

His goal was to promote conservative ideals by invoking America’s unifying principles, something he felt was missing in the country at the time.

His method was to recite Abraham Lincoln’s Gettysburg Address at every state capitol in the country — and to do it in 50 days or less.

But that day in Annapolis was a struggle.

Straub was feeling lonely. He missed his wife and teenaged daughter. He was taking quite a bit of time off of work. He questioned why he would set such a lofty goal in such a short deadline.

“It was a wild-haired, bold, and brilliant idea,” said buddy John D. Morris, the founding director of the Ronald W. Reagan Society of Eureka College, who suggested Straub read the Gettysburg Address at each stop.

“At the time, I thought it was crazy, but there’s something so positively fun about it,” he added.

“What Mickey did, in invoking the great, honorably the greatest speech in American history, is so profound because it highlights the founding principles of this country during a very divisive time and goes back to our ideals.”

And at each capitol, something kept him going, starting in Annapolis. By that point, Morris noted, Straub had been away from home for three weeks, and “was being pushed to the limit both physically and emotionally, and I admired his grit.”

Naval Academy plebe David Gordeuk was walking by in his all-white midshipman uniform.

Straub took Gordeuk for dinner at a steakhouse and bought him coffee to thank him for his patriotism.

Gordeuk in return gave him invaluable advice: Focus on one thing at a time.

“That’s what I did the rest of the trip. I call him my Capitol Angel.”

His wife, Charmaine, a nurse, kept things at home running smoothly, with a daughter who was knee-deep in college applications and high school tennis.

Straub hired a personal trainer to help prepare him for the haul — 14,900 miles and close to 275 hours on the road — and purchased the 1997 Lincoln Town Car to symbolize America’s 16th president.

He started his trip in Pennsylvania, near Gettysburg, and finished at Lincoln’s tomb near the Illinois capitol in Springfield. Straub flew to Alaska and Hawaii, stayed in 33 hotel rooms, and spent about two hours in each capitol. He estimates the trip cost him more than $20,000.

Straub still gets emotional recalling the venture, and says he’s still as passionate about it now as then.

His efforts became part of the Congressional Record in November 2017.

“I launched the trip on behalf of God and country, but it was actually God and country that pulled me through,” he said. “My personal mission now is to live, love, inspire, and serve.”

The trip only took 44 days. He mostly lived off Subway’s tuna sandwiches, peanut butter and jelly, Starbucks, and plenty of healthy snacks. He lost 15 pounds on the trip, but gained an even deeper sense of faith and patriotism.

Straub, 61, grew up in Pennsylvania, where Lincoln’s famous 272-word address, delivered during the Civil War on the battlefield near Gettysburg, was etched into his fabric. He was always drawn to the Lincoln Memorial and mesmerized by Lincoln’s statue and his noteworthy words.

“Lincoln was all about freedom and liberty. He tried to unite us in ways that no speech has ever since. The word ‘I’ or ‘me’ is not in the Gettysburg Address — he refers to us collectively to try to unite us,” said Straub.

“And since many Republicans and Democrats claim Lincoln, I knew he would be a unifying factor.”

Straub worked for the Department of Defense in Washington, D.C., out of college, investigating military and defense personnel applying for secret and top-secret clearances. It was in Los Angeles, where he moved in the 1980s while working with Ryan Insurance Co., that he went from a Kennedy Democrat to a Reagan Republican, later moving to Chicago.

“Reagan was a true gentleman. He wanted us to work together. He embodied the true American dream,” said Straub.

His final move to Chicago was where he and Charmaine met.

“He worked hard, long hours. He was very ambitious, and all of that still applies today,” she recalled.

Politics grew more important as time went on and Straub, now president of Sales Activity Management, a Burr Ridge, Illinois-based company that provides sales management and coaching services to clients, got more involved to promote Reagan’s values after Obama was elected in 2008.

He became mayor of Burr Ridge in 2014 and was re-elected in 2017 — and in early 2018 unsuccessfully made a run for the state House of Representatives.

He resigned as mayor last November, mostly because of the time constraints — Straub was working 20-30 hours for a low stipend of $6,000 — and to focus on a book about his trip around the country.

“Abraham Lincoln united us like no other president, and in his Gettysburg Address, he never spoke about himself. He saved the nation.

“The Gettysburg Address contained within it the formula for our country’s future: God, liberty, unity, and patriotism. May it unite us again!”

Source: NewsMax America

0 0

NYPD investigates 40-year-old murder mystery after discovery of human remains

New York City police have a fresh murder mystery on their hands after the discovery of human remains last week belonging to a man who may have been killed -- and dismembered -- 40 years ago, according to reports.

A torso, hip bones and possible lung and heart tissue were unearthed in a backyard in a working-class section of Queens Tuesday, NBC 4 New York reports.

The victim was a man, 30 to 35, but cops don’t know his identity or how he died, according to the station.

Cops found the remains behind an old two-story house in Richmond Hill after getting a call from a woman who said she knew about a murder that took place between 1977 and 1979, possibly at a barber shop.

FRANK CALI, REPUTED GAMBINO CRIME BOSS, SHOOK HANDS WITH KILLER BEFORE HE WAS SHOT, REPORT SAYS

The woman also said she knew where the body was buried and cops found it where she told them to look, according to local media reports.

It’s unclear why the woman waited until now to divulge her dark secret.

FORMER NYPD OFFICER, SPECIAL EDUCATION AIDE WIFE SOLD DRUGS OUT OF THEIR HOME, POLICE SAY

“She recalls now that a little over 40 years ago she was present at this house and gave us information regarding the presence of a body that was buried in plastic bags in the backyard.” NYPD Chief of Detectives Dermot Shea told reporters last week.

CLICK HERE TO GET THE FOX NEWS APP

The New York Times reported that the woman was a child at the time living in the house.

Source: Fox News National

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



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

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

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

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

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

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