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

Booker Says Founders Wrote 'Bigotries' Into Constitution

Sen. Cory Booker, D-N.J., accused America's founders of writing bigotries into the Constitution.

Booker, who is an announced 2020 presidential candidate, made his comments during an interview on NPR's "Morning Edition."

"The founders were imperfect geniuses," he said. "They wrote a lot of our bigotries into (the Constitution) . . . if you think about how we have overcome those things, it's always been by creating, first, calls to consciousness, speaking truth about the injustices, and then bringing together those uncommon coalitions."

Booker added: "We are a nation of conscience, and I found partners on the other side of the aisle who agree with me on these issues. And we can build from there. In fact, when I first came to the Senate, people laughed. I had people telling me, 'There's no way you're going to get a comprehensive criminal justice reform bill done.'"

The Washington Free Beacon noted it was unclear what Booker was specifically referring to when he used the term "bigotries." A Free Beacon request for comment was not immediately returned.

Source: NewsMax America

0 0

Google’s Always Listening: Nest Security System Has A Secret Embedded Microphone

Surprise! Another smart home device has the ability to spy on people.

I doubt anyone who is reading this will be shocked by this news, but here we go.

Back in early February, tech giant Google announced that Nest Secure, its home security and alarm system, was now compatible with the company’s Home Assistant voice-control function.

Here is an excerpt from that announcement:

Nest Secure has supported Google Assistant integration for quite some time, but with this most recent update, the product is taking that to a new level by turning itself into a Google Assistant speaker. This is just like what the Nest Cam IQ did last year. With the flip of a switch in the Nest app, you can set the Secure as an always-listening Assistant speaker. (source)

The problem?

Nest users didn’t know a microphone existed on their security device, to begin with.

In order to be compatible with a voice control feature, the device would need to have a microphone.

But Google never mentioned there was a microphone embedded in the device.

That important detail was never disclosed in any of the product material for the device, which has been on the market since 2017.

“As recently as January, the product specs for the device made no mention of a microphone,” the Associated Press reports.

A Google spokesperson told Business Insider this was an “error.”

“The on-device microphone was never intended to be a secret and should have been listed in the tech specs. That was an error on our part. The microphone has never been on, and is only activated when users specifically enable the option.

Security systems often use microphones to provide features that rely on sound sensing. We included the mic on the device so that we can potentially offer additional features to our users in the future, such as the ability to detect broken glass.” (source)

This is the second time Nest made the news this month.

On February 6, owners of Nest security cameras received an email from Google, warning them to secure their login credentials with things like two-factor identification and stronger passwords.

The reason?

The routine security reminder comes after an uptick in Nest camera hacks and even the occasional hoax, many of which have been downright bizarre and creepy: An Illinois family recently had its device breached by a hacker who spewed abusive epithets through the camera’s microphone into their living room, while another criminal peered into a baby’s room in Houston, Texas, for example. (source)

Google claimed the email was sent as a reminder and said there hadn’t been a breach of the broader Nest user base. As of February 2018, Nest had at sold 11 million of the devices.

This excerpt from the email was published by Popular Mechanics:

For context, even though Nest was not breached, customers may be vulnerable because their email addresses and passwords are freely available on the internet. If a website is compromised, it’s possible for someone to gain access to user email addresses and passwords, and from there, gain access to any accounts that use the same login credentials. For example, if you use your Nest password for a shopping site account and the site is breached, your login information could end up in the wrong hands. From there, people with access to your credentials can cause the kind of issues we’ve seen recently. (source)

Google has faced criticism in the past for its location data-tracking practices, along with allowing third-party developers to read people’s emails on Gmail, reports CNET.

And, Business Insider reminds us that in 2010, Google acknowledged that its fleet of Street View cars “accidentally” collected personal data transmitted over consumers’ unsecured WiFi networks, including emails.

Google can apologize and make excuses all it wants, but more and more people aren’t buying it.

“Nest’s failure to disclose the onboard microphone included in its secure home security system is a massive oversight,” said Ray Walsh, a digital privacy expert at BestVPN.com. “Despite Google’s assurances, the fact is that the device has a microphone which could potentially have been hacked or accessed by Google to perform covert corporate surveillance.”

The Register asked Google if any Nest microphones had been activated prior to the company’s announcement of their existence and whether the company could confirm that no audio data was collected during that period. “Google claims that the mics were never used prior to disclosure, which would preclude the possibility of covert data collection,” the tech site reports.

The Electronic Privacy Information Center (EPIC) has asked the Federal Trade Commission (FTC) to force Google to sell its Nest division and surrender any data that was collected from Nest customers.

In a brief statement on its website, the nonprofit privacy and civil liberties advocacy group said:

Following reports that Google installed secret listening devices in the homes security product Nest, EPIC asked the Federal Trade Commission to require Google to spin-off Nest and to disgorge the data obtained from Nest users. It is a federal crime to intercept private communications or to plant a listening device in a private residence. (source)

Google isn’t exactly known for being an ethical company.

Last year, Google came under fire for its participation in a controversial Pentagon program called Project Maven, which would use AI and machines to track and identify objects using drones for the Department of Defense.

Even Google employees objected to the company’s involvement in that program. In a letter signed by more than 3,100 Google employees, the workers stated: “We believe that Google should not be in the business of war… We cannot outsource the moral responsibility of our technologies to third parties.” It was reported that about a dozen employees resigned in protest over the project.

The Intercept reported that Google was forced to shut down the project after members of the company’s privacy team raised internal complaints that it had been kept secret from them.

In late 2018, more than 1,400 Google staff, many journalists, and human rights organizations called on Google to halt a controversial project called Dragonfly, a highly censored Chinese search engine:

Dragonfly is a search engine specially built for China. It would unleash more censorship on a mass scale by selectively blocking certain search terms, apparently at the behest of China’s government. Human rights groups are blasting the company for aiding and abetting China’s mass surveillance and rights violations which could result in potential imprisonment. (source)

Google used to have an iconic clause in its code of conduct that said, “Don’t be evil.” Last year, that clause was removed.


Alexandria Ocasio-Cortez posted a video on Instagram in which she said it’s logical for this generation to reconsider having children because of climate change affecting the globe. Alex exposes this eugenics talking point now going mainstream.

Source: InfoWars

0 0

Duke routs North Dakota State

NCAA Basketball: NCAA Tournament-First Round-Duke vs North Dakota State
Mar 22, 2019; Columbia, SC, USA; The Duke Blue Devils bench reacts during the second half against the North Dakota State Bison in the first round of the 2019 NCAA Tournament at Colonial Life Arena. Mandatory Credit: Bob Donnan-USA TODAY Sports

March 23, 2019

RJ Barrett pumped in 26 points and Zion Williamson scored 25 points in their first NCAA Tournament game, and top-seeded Duke relied on a huge second half to dispatch No. 16 seed North Dakota State 85-62 on Friday night at Colonial Life Arena in Columbia, S.C.

Classmate Cam Reddish added 12 points as Duke won the East Region first-round game.

Williamson, competing in a college game in his home state for the first time, didn’t play in the final nine minutes after making 12 of 16 shots from the field. Barrett collected 14 rebounds.

Duke (30-5), which is in the tournament for the 24th consecutive year, meets the winner of Friday’s late game between Virginia Commonwealth and Central Florida in Sunday’s second round.

Vinnie Shahid scored 20 and reserve Jordan Horn added 11 for North Dakota State (19-16), which had never previously faced Duke. The Blue Devils improved to 14-0 against No. 16 seeds.

Williamson scored six points in Duke’s 9-0 spurt to begin the second half. That turned into a 19-5 stretch, draining much of the drama that might have still circulated.

Williamson had 13 points in the opening six minutes of the second half. Soon after, he was hopping for joy on Barrett’s reverse dunk in transition.

Duke led 31-27 at halftime despite Shahid’s15 points.

North Dakota State led 12-5. Williamson tallied 10 of Duke’s first 20 points, though the score was 20-16 through 15 minutes.

The Bison went up 25-24 before Duke posted the next seven points.

Duke center Marques Bolden was back in action after missing the Atlantic Coast Conference tournament with a knee injury. Wearing a brace on his left knee, he came off the bench and was the first substitute used by the Blue Devils.

Duke forward Jack White, a reserve forward and team captain, wasn’t in uniform because of a hamstring ailment.

North Dakota State was coming off Wednesday night’s 78-74 First Four victory against North Carolina Central in Dayton, Ohio. That gave the Bison a second NCAA Tournament victory all-time and prevented an all-Durham, N.C., matchup between NC Central and Duke.

–Field Level Media

Source: OANN

0 0

Kabul summons diplomat over remarks by Pakistan’s Khan

FILE PHOTO: Cricket star-turned-politician Imran Khan, chairman of Pakistan Tehreek-e-Insaf (PTI), speaks after voting in the general election in Islamabad
FILE PHOTO: Cricket star-turned-politician Imran Khan, chairman of Pakistan Tehreek-e-Insaf (PTI), speaks after voting in the general election in Islamabad, July 25, 2018. REUTERS/Athit Perawongmetha/File Photo

March 16, 2019

KABUL (Reuters) – Afghanistan summoned a senior Pakistani diplomat on Saturday to account for remarks by Prime Minister Imran Khan speculating about a new government in Kabul following a possible peace settlement.

The summons by the Afghan foreign affairs ministry marked the second time in just over three weeks that Kabul has demanded an explanation from Pakistan, illustrating the longstanding tensions between the two neighbors at a sensitive time.

Khan, at a rally in Bajaur, in northwestern Pakistan on Friday, predicted “mutual peace” in Afghanistan as an outcome of recurring talks between the United States and the Taliban to end the country’s 17-year-old war.

“A good government will come in Afghanistan,” Khan said. “I mean a government will come in which all will be represented. War will end and there will be peace.”

The Afghan ministry summoned Pakistan’s counselor to clarify the remarks, spokesperson Sibghatullah Ahmadi tweeted.

“Afghanistan expressed its grave objection on Pakistan’s government and deemed such remarks a flagrant interference in its internal affairs,” he said.

In February, the ministry summoned Pakistani ambassador Zahid Nasrullah Khan over his remarks that Afghan peace talks could be affected if India resorted to violence against Pakistan.

The summons to Pakistan comes a day after a top official in President Ashraf Ghani’s government voiced frustration about what Kabul regards as Afghanistan being sidelined during talks between Taliban and U.S. negotiators, drawing a rebuke from Washington.

The latest round of peace talks ended on Tuesday, with both U.S. and Taliban officials saying progress was made.

Tensions have been building between Kabul and Washington over U.S. efforts to forge a peace pact with the Taliban that includes a U.S. troop withdrawal, something that Kabul fears could weaken its own negotiating position.

(Reporting by Rod Nickel in Kabul and James Mackenzie in Islamabad, Editing by William Maclean)

Source: OANN

0 0

Ex-Sanders spokesman calls Hillary Clinton team choice words in interview

Bernie Sanders' 2016 presidential campaign spokesman unloaded on Hillary Clinton and her team on Monday, calling them the "biggest a--holes in American politics," after former members of Clinton's campaign leaked details this week about Sanders' use of private jets to attend campaign rallies on her behalf.

Speaking to Politico, the spokesman, Michael Briggs, proceeded to call Clinton's staff "total ingrates," given that Sanders claims he billed the Clinton-Kaine campaign for private air travel in order to attend events that he otherwise would have needed to skip.

“You can see why she’s one of the most disliked politicians in America," Briggs said, referring to Clinton. "She’s not nice. Her people are not nice. [Sanders] busted his tail to fly all over the country to talk about why it made sense to elect Hillary Clinton and the thanks that [we] get is this kind of petty stupid sniping a couple years after the fact.”

Briggs added: “It doesn’t make me feel good to feel this way but they’re some of the biggest a--holes in American politics."

"She’s not nice. Her people are not nice."

— Bernie Sanders 2016 spokesman Michael Briggs

FIVE THINGS BERNIE DOESN'T WANT YOU TO KNOW ABOUT SOCIALISM

Several former Clinton staffers, also speaking to Politico, reported that Sanders' frequent requests for private planes from the campaign became “a running joke in the office" -- in part because Sanders is a socialist, and also because he has pushed for the elimination of carbon-generating heavy aircraft in favor of high-speed rail networks. In all, Sanders reportedly billed the Clinton-Kaine campaign approximately $100,000 for air travel.

Some bad blood remains between the Clinton and Sanders camp, according to insiders, in part because of Sanders' harsh criticisms of Clinton during the 2016 Democratic presidential primary.

Talking to the liberal “Pod Save America” podcast in 2017, Clinton said she "couldn't believe" that, because of Sanders, she was forced into "basically defending President Obama in a Democratic primary." And in her book, the election retrospective "What Happened," Clinton slammed Sanders' ideas as unrealistic and decried him for using “innuendo and impugning my character” such that she suffered “lasting damage" into the general election.

Then-Democratic presidential nominee Hillary Clinton speaks aggressively at a campaign rally in Raleigh, North Carolina November 8, 2016. REUTERS/Chris Keane - D1BEULPJOPAC

Then-Democratic presidential nominee Hillary Clinton speaks aggressively at a campaign rally in Raleigh, North Carolina November 8, 2016. REUTERS/Chris Keane - D1BEULPJOPAC

GREEN NEW DEAL WOULD COST UP TO $92 TRILLION, STUDY SAYS -- THAT'S APPROX. $600G PER HOUSEHOLD

Sanders spokesperson Arianna Jones, though, maintained that Sanders put everything he had into helping Clinton once she had secured the Democratic nomination. Jones said it was physically impossible for Sanders to get to all of the Clinton event locations in such a short period of time without chartered flights, especially since the senator was traveling to many smaller markets with limited commercial air travel options.

“That’s why chartered flights were used: to make sure Sen. Sanders could get to as many locations as quickly as possible in the effort to help the Democratic ticket defeat Donald Trump,” Sanders spokeswoman Arianna Jones told Politico. "Sen. Sanders campaigned so aggressively for Secretary Clinton, at such a grueling pace, it became a story unto itself, setting the model for how a former opponent can support a nominee in a general election.”

Jones reported that in the three months prior to the November 2016 election, Sanders supported Clinton by attending 39 rallies in 13 states.

Sanders stunned the Democratic establishment in 2016 with his spirited challenge to Clinton, and his campaign helped lay the groundwork for the leftward lurch that has dominated Democratic politics in the era of President Trump.

Sanders' campaign said earlier this month that he raised more than $4 million in the 12 hours since announcing his 2020 presidential bid. Previously, the biggest first-day fundraiser in the race had been California Sen. Kamala Harris, who raised $1.5 million in the first 24 hours of her campaign. And this week, Sanders announced he has already signed up a historic 1 million volunteers.

CLICK TO GET THE FOX NEWS APP

The question now for Sanders is whether he can stand out in a crowded field of Democrats who embrace many of his policy ideas and who are newer to the national political stage -- and whether Sanders can survive with the evident lingering resentment from members of the Democratic Party establishment.

This single family house built on 1981 and located in Burlington, Vermont, is listed to Bernard and Jane Sanders. (Google Maps)

This single family house built on 1981 and located in Burlington, Vermont, is listed to Bernard and Jane Sanders. (Google Maps)

"Our campaign is not only about defeating Donald Trump," the 77-year-old self-described democratic socialist said in an email to supporters announcing his srun. "Our campaign is about transforming our country and creating a government based on the principles of economic, social, racial and environmental justice."

As for whether Sanders -- who has pushed for the Green New Deal, which would strive to greatly reduce air travel -- would be flying commercial for upcoming campaign trips this year, Jones told Politico he "will be flying commercial whenever possible," and that the "campaign will consider the use of charter flights based on a variety of factors, including security requirements, logistics, and media interest in traveling with the senator.”

Also causing headaches for Sanders' socialist, penny-pinching image: His high-end income and multiple houses.  Notably, he owns three houses. In 2016, he bought a $575,000 four-bedroom lake-front home in his home state. This is in addition to a row house in Washington D.C., as well as a house in Burlington, Vermont.

“The Bern will keep his home in Burlington and use the new camp seasonally,” Vermont’s Seven Day’s reported in 2016.

Fox News' Adam Shaw and The Associated Press contributed to this report.

Source: Fox News Politics

0 0

Brazil court suspends Embraer-Boeing tie-up negotiations: document

FILE PHOTO: Embraer logo at LABACE in Sao Paulo
FILE PHOTO: The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo

February 22, 2019

RIO DE JANEIRO (Reuters) – A Brazilian federal court on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.

The court issued an injunction suspending a Embraer shareholders meeting scheduled for Feb. 26 that would vote on whether to approve the terms already agreed upon by the two companies. Neither Embraer nor Boeing immediately responded to requests for comment.

(Reporting by Rodrigo Viga Gaier; Editing by Bill Berkrot)

Source: OANN

0 0

Opposition candidate says still ahead in Istanbul vote after recount in 17 districts

FILE PHOTO: Ekrem Imamoglu, main opposition CHP candidate for mayor of Istanbul, embraces his supporter at his election campaign office in Istanbul
FILE PHOTO: Ekrem Imamoglu, main opposition Republican People's Party (CHP) candidate for mayor of Istanbul, embraces his supporter at his election campaign office in Istanbul, Turkey April 1, 2019. REUTERS/Huseyin Aldemir/File Photo

April 5, 2019

ISTANBUL (Reuters) – Turkey’s main opposition candidate in the Istanbul local elections said on Friday he remained ahead by 18,742 votes after the completion of a recount of invalid votes in 17 of the city’s 39 districts.

Republican People’s Party (CHP) mayoral candidate Ekrem Imamoglu told Turkey’s Fox TV that 119,652 invalid votes had been recounted, with 2,184 votes added in favour of President Tayyip Erdogan’s AK Party and 785 added for the CHP.

(Reporting by Tuvan Gumrukcu; Editing by Daren Butler)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

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

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

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

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

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

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

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

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

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

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

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

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

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

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

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

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

SAME TREATMENT

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

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

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

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

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

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

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

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

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

‘ONE CLUB’

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

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

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

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

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

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

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

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

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

1/DOLLAR JUGGERNAUT

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

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

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

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

2/FED: UP OR DOWN?

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

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

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

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

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

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

3/HEISEI TO REIWA

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

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

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

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

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

4/EARNING TURNING

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

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

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

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

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

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

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

5/WAITING FOR THE OLD LADY

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

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

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

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

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

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

Source: OANN

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

Democratic presidential candidate Elizabeth Warren suggested that doctors and nurses don’t treat African American women the same way they do white women.

Warren appeared on Wednesday together with a number of other 2020 Democratic candidates at the She The People Forum in Houston, discussing issues concerning women of color.

WARREN’S $1.25T EDUCATION PLAN ‘SWEEPING’ GIVEAWAY TO THE WEALTHY AT EXPENSE OF THE POOR, WAPO EDITORIAL BOARD SAYS

The Massachusetts senator announced on stage a plan to decrease the childbirth mortality rate among black women while identifying a systematic problem with how they are treated.

“And there is a specific problem, as you rightly identified, for women of color who are three, four times more likely to die in childbirth,” Warren said.

“And here’s the thing, even after we do the adjustments for income, for education, this is true across the board. This is true for well-educated African American women, for wealthy African American women, and the best studies that I’m seeing put it down to just one thing, prejudice,” she added.

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

“That doctors and nurses don’t hear African American women’s medical issues the same way that they hear the same things from white women.”

— Elizabeth Warren

CHARLIE KIRK: WARREN AND OTHER DEMS OFFER FREE MONEY – BUT DON’T TELL YOU PRICE WILL BE YOUR FREEDOM

Warren went on to get into details of her plan, noting that hospitals will be given bonuses if they manage to reduce the childbirth mortality rate among black women in an effort to give financial incentives for those doctors and nurses to provide better care.

“And if they don’t, then they’re going to have money taken away from them,” Warren added.

CLICK HERE TO GET THE FOX NEWS APP

“I want to see the hospitals see it as their responsibility to address this problem head-on and make it a first priority. The best way to do that is to use the money to make it happen because we gotta have change, and we gotta have change now.”

Source: Fox News Politics

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