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

UK police say man held in hospital after embassy car-ramming

British police say a man suspected of purposefully driving into parked cars in front of the Ukrainian Embassy in London has been hospitalized for mental health treatment.

London's Metropolitan Police force said officers fired at the 40-year-old driver's vehicle and took him into custody Saturday after he allegedly rammed the Ukrainian ambassador's car and several others outside the embassy.

London police say he also drove his car toward officers.

No one was injured. Police say the man's actions were not related to extremism.

He has not been charged or identified.

A police committee is investigating the officers' use of firearms. They also used stun guns to subdue the suspect.

Source: Fox News World

0 0

Breaking: Barack Obama to be Investigated For Treason For Allegedly Spying on Trump Campaign

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

China to steadily resolve shadow banking risks: central bank

FILE PHOTO: Woman walks past the headquarters of the PBOC in Beijing
FILE PHOTO: A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, June 21, 2013. REUTERS/Jason Lee/File Photo

February 27, 2019

BEIJING (Reuters) – China will steadily resolve risks in the shadow banking sector and push for a stable transformation of financial institutions’ asset-management businesses, the central bank said on Wednesday.

The central bank will conduct stress tests and evaluations on financial institutions, as part of steps to prevent systemic financial risks, it said in a statement.

China will deal with risks posed by high-risk financial institutions in an orderly manner, the central bank said.

(Reporting by China Monitoring Desk; Editing by Himani Sarkar)

Source: OANN

0 0

Fed’s Mester says she favors slower balance sheet trimming

Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York
Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton

February 19, 2019

By Jason Lange

NEWARK, Del. (Reuters) – Cleveland Federal Reserve President Loretta Mester on Tuesday said she favored slowing down the U.S. central bank’s unwinding of its bond holdings this year although she thinks the economy might need higher interest rates.

Mester, who has long favored higher rates, said the Fed has time to assess how the economy is doing before tightening borrowing conditions.

But she said the time was nearing when the Fed should slow down the pace at which the Fed reduces its bond holdings.

“If I were making the decision on my own, I would need slowing,” she said while speaking on a panel at an event at the University of Delaware.

The Fed’s balance sheet ballooned to over $4 trillion in the wake of the 2007-09 recession but policymakers began trimming its bond holdings in the final months of 2017.

Fed Governor Lael Brainard said earlier this month she supported ending the unwinding process this year.

Mester does not have a vote on the Fed’s policy-setting committee this year although she participates in the central bank’s deliberations. She said she would prefer the Fed only hold Treasury securities, and would favor a portfolio weighted toward shorter-term maturities.

Mester has supported the Fed’s recent shift to a wait-and-see stance on rate policy. The Fed, in its policy statement last month, removed guidance on whether its next move was likely to be raising or lowering rates.

“Monetary policy does not appear to be far behind or far ahead of the curve,” Mester said in a speech at the event. “This environment gives us the opportunity to continue to gather information on the economy.”

Mester said the dropping of the guidance was part of the Fed’s shift to what she called more “normal” policy and made clear she still thinks the Fed’s next more is likely to be a tightening of borrowing conditions.

Mester said economic growth was likely to continue in 2019 albeit at a slower pace than last year and that job growth would also slow. She said inflation was likely to stay near the Fed’s 2 percent target.

“The fed funds rate may need to move a bit higher than current levels,” Mester said, adding that there were also risks to the outlook such as slower economic growth in Europe and China as well as ongoing trade negotiations between the United States and China.

(Reporting by Jason Lange; Editing by Chizu Nomiyama)

Source: OANN

0 0

Covington High student's legal team sues Washington Post

Attorneys representing the Kentucky high school student involved in a confrontation that went viral on social media last month announced Tuesday that they were suing The Washington Post for $250 million in compensatory and punitive damages.

The lawsuit, which was filed in federal court in Kentucky, accused The Post of practicing "a modern-day form of McCarthyism" by targeting Nicholas Sandmann and "using its vast financial resources to enter the bully pulpit by publishing a series of false and defamatory print and online articles ... to smear a young boy who was in its view an acceptable casualty in their war against the president."

Washington Post spokesperson Kris Coratti told Fox News in an email that the paper was "reviewing a copy of the lawsuit, and we plan to mount a vigorous defense."

COLORADO TEACHER FACES TERMINATION AFTER MISIDENTIFYING COVINGTON STUDENT, CALLING HIM 'HITLER YOUTH'

Sandmann, a junior at Covington Catholic High School, became a target for outrage after a video of him standing face-to-face with a Native American man, Nathan Phillips, surfaced in January. Sandmann was one of a group of students from Covington attending the anti-abortion March for Life in Washington, D.C., while Phillips was attending the Indigenous Peoples' March on the same day.

Sandmann and the Covington students were initially accused of initiating the confrontation, but other videos and the students' own statements showed that they were verbally accosted by a group of black street preachers who were shouting insults both at them and a group of Native Americans. Sandmann and Phillips have both said they were trying to defuse the situation.

CONSERVATIVE LEADERS DEMAND APOLOGY FOR MEDIA TREATMENT OF COVINGTON STUDENTS

The lawsuit claims The Post "ignored the truth" about the incident and says the paper "falsely accused Nicholas of ... 'accost[ing]' Phillips by 'suddenly swarm[ing]' him in a 'threaten[ing]' and 'physically intimidat[ing]' manner ... 'block[ing]' Phillips path, refusing to allow Phillips 'to retreat,' 'taunting the dispersing indigenous crowd,' [and] chanting, 'Build that wall,' 'Trump2020,' or 'Go back to Africa,' and otherwise engaging in racist and improper conduct. ..."Sandmann's attorneys accuse The Post of publishing seven "false and defamatory" articles about the incident between Jan. 19 and 21 and claim the paper "knew and intended that its false and defamatory accusations would be republished by others, including media outlets and others on social media."

CLICK HERE TO GET THE FOX NEWS APP

Earlier this month, Sandmann's attorneys sent preservation letters to more than 50 media organizations, celebrities and politicians -- including The Post, The New York Times, CNN, Sen. Elizabeth Warren, D-Mass., and actors Alyssa Milano and Jim Carrey -- the first step in possible libel and defamation lawsuits.

Last week, investigators hired by the Roman Catholic Diocese of Covington concluded that the students did not instigate the confrontation with Phillips. Bishop Roger Foys, who initially condemned the students' behavior, wrote in a letter to parents that they had been "placed in a situation that was at once bizarre and even threatening."

Fox News' Lucia I. Suarez Sang and The Associated Press contributed to this report.

Source: Fox News National

0 0

Closing in trial of man who dropped daughter off bridge

A prosecutor says a Florida man who threw his 5-year-old daughter off a Tampa Bay area bridge knew what he was doing was wrong, and that he should be found guilty of first-degree murder.

Prosecutor Paul Bolan told jurors in his closing arguments Monday that John Jonchuck clearly knew what he was doing when he dropped his daughter Phoebe 62 feet (18 meters) into Tampa Bay four years ago.

Jonchuck's attorneys claim he was insane. They must convince jurors his mental illness was so severe that he didn't know what he was doing.

But Bolan says Jonchuck's act was premeditated and his fleeing the scene is proof he knew what he was doing was wrong.

If convicted of first-degree murder, Jonchuck faces a life prison sentence.

Source: Fox News National

0 0

Hot Pockets heiress among those embroiled in college admissions scandal

A number of wealthy parents, including the heiress to Hot Pockets, are due in court Friday on charges they paid bribes to get their children into top colleges.

Among those appearing in Boston federal court is Michelle Janavs, a former executive at her family’s food manufacturing company, Chef America, which made the popular microwaveable snack Hot Pockets. The company was bought out by Nestle for $2.6 billion in 2002.

PARENTS INVOLVED IN COLLEGE ADMISSIONS CHEATING SCANDAL HEADED TO COURT IN BOSTON

Janavs is accused of paying at least $100,000 to “fix” her daughter’s college admissions exam and get her into the University of Southern California as a volleyball recruit although she did "not play competitively," Mass Live reported.

She also allegedly paid thousands to get her youngest daughter’s ACT test score altered, Mass Live reported. It was not immediately clear where Janavs’ youngest daughter planned to go to school.

The affidavit stated Janavs’ oldest daughter “was aware of the scheme” but her youngest daughter was not.

COLLEGE ADMISSIONS SCANDAL: EX-YALE WOMEN'S SOCCER COACH PLEADS GUILTY TO TAKING ALMOST $1M IN BRIBES

Janavs joins a number of high-profile figures who are embroiled in the college admissions cheating scheme dubbed "Operation Varsity Blues." Among those also accused are actresses Felicity Huffman and Lori Loughlin, who were charged in the case but are not scheduled to appear in court until next week. They have not publicly addressed the allegations.

The Associated Press contributed to this report.

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