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Robert De Niro Still Believes Mueller Can Put Trump ‘Away for a Long Time’

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Source: InfoWars

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Palu recovery in red tape months after Indonesian tragedy

Six months after Palu was ripped apart by an earthquake, tsunami and liquefying soil that sucked neighborhoods into the earth and killed thousands, a second crisis is looming as recovery efforts stumble and a city that feels ignored begs for humanitarian assistance.

Thousands of people in this city on Indonesia's Sulawesi island are still living in sweltering tent cities, while construction of new permanent homes has yet to start and almost a third of temporary housing is unoccupied after aid groups and authorities failed to connect the units to essential utilities.

President Joko Widodo, who is seeking a second term in elections this week, and his deputy promised that financial assistance to those whose homes were destroyed or whose loved ones were killed would be rapidly distributed. But not a cent has been paid out.

"It's like we're forgotten," said Ade Zahra, a mother of eight living in a tent city who says it's a miracle her family survived when the quake turned their village to mud and engulfed their home.

"We've received no more assistance in the past two months, not only the government, but also humanitarian groups and volunteers who used to provide a lot," she said.

The city's struggle to recover highlights a broader problem of neglect often suffered by remote regions in Indonesia, a sprawling archipelago home to hundreds of ethnic groups. Far from the center of economic, political and cultural power in populous Java, the region around Palu has a history of sectarian conflict and perceived indifference to its plight could embolden hard-liners.

City officials, meanwhile, are worried frustration among the displaced has reached a breaking point.

As anger among the refugees simmers, Widodo is focused on securing his reelection. Sulawesi mostly voted for Widodo in 2014, but he risks losing ground there this time. That could be crucial if the race is tighter than polls, which are predicting a strong Widodo victory.

The Sept. 28 earthquake spawned a large localized tsunami that wiped out coastal areas, while liquefaction caused by the shaking turned entire neighborhoods into rivers of sludge. The disaster killed more than 4,400 people, making it the world's deadliest seismic event in 2018.

The central government, at the time still grappling with the aftermath of deadly earthquakes on Lombok Island, appealed for international aid but didn't declare a national disaster, which would've opened the door wider to foreign assistance. It prohibited international aid organizations from operating on the ground.

Though the tragedy is fading from the national consciousness, large parts of Palu look like they were struck only yesterday, a daily reminder to residents of the horrors they lived through.

About 90% of roads have been repaired, according to Palu's mayor, but the shoreline is littered in debris and hollowed out buildings that lean precariously.

Waves wash inside Apung Palu Mosque, which once sat majestically on pillars in Palu Bay. People looking for valuables pick through a vast jumble of personal belongings and house debris, all that's left of once thriving communities.

In Sigi district bordering Palu, several dozen white tents emblazoned with the U.N. refugee agency's logo are home to hundreds of evacuees, who look with envy and anger at temporary housing across the road — some of it occupied, some empty and some still unfinished.

During the day, the tents are blazing hot and at night refugees, who include a man incapacitated by a stroke and a boy with cerebral palsy, shiver.

Frustrated residents recall that not long after the disaster Vice President Jusuf Kalla visited and promised they'd soon get money to help rebuild their lives. Instead things seem to be getting worse.

They have clean drinking water, but a mobile kitchen provided by an aid group closed due to lack of donations. Members of some families have jobs, but others have almost nothing, their former livelihoods gone. Some beg for money.

Zahra, the mother of eight, said she hopes the government finally fulfills its promise.

"Have mercy on us," she said.

Officially, about 173,000 people were displaced by the disaster and about 20,000 are still living in tents that Palu's mayor says were designed to last three months. The actual number without stable housing is much higher.

At a block of eight buildings built by a charitable foundation run by Kalla's business empire, a banner announced they were handed over to the city on Feb. 14. All sit empty and unconnected to utilities, the only sign of life a few cows grazing between them.

Temporary housing built nearby by another organization is occupied, some by residents of a neighborhood wiped out by liquefaction.

Umira, who uses a single name, wept as she recalled the ordeal her family has endured since the night they fled a sea of moving trees and houses. Eight of her relatives were killed, including her grandson.

They've gone from sheltering in a sports stadium to fashioning their own makeshift lodging in the ruins of a house to finally being assigned to a room in a temporary housing unit.

"We all cried with happiness," she said of the moment two months ago when they learned they would have housing. "Even my husband cried and hugged the wall of our new home."

The family still gets aid, Umira said, such as staple foods and cooking oil, though it's distributed without any predictable schedule.

When the aid runs out they rely on income from running an on-call motorcycle taxi service.

"If there is a call, we can eat," she said. "If not, we will only eat rice with salt."

Presley Tampubolon, the head of Palu's disaster agency who oversees temporary housing, said the need for accommodation has been greater than anticipated.

For every house destroyed or damaged, there would often be several generations of a family living in it. He said it would be "inhuman" to expect such families to fit into the 3-meter-by-4-meter (10-foot-by-13-foot) rooms that have been built.

He said the government and aid groups have built temporary buildings with 5,300 total rooms that can accommodate nearly 41,000 people. But about 1,600 of those rooms are empty because they weren't connected to water, electricity or sanitation, he said.

Hidayat, the mayor of Palu who uses a single name, said the central government has stopped building temporary homes despite the need and construction of permanent dwellings hasn't started.

Compounding the problem is that the central government's social affairs and public works ministries haven't released "mourning allowances" and funds for people to build new homes.

He said he's worried anger will soon boil over.

The social affairs ministry's director of social protection and disaster victims, Margo Wiyono, said the ministry has verified 1,906 of the 4,400 names of heirs who would be entitled to mourning allowances and has proposed the finance ministry pay them.

He said they were still investigating the rest.

"We don't want the allowances worth 15 million rupiah ($1,050) per heir to fall into the hands of irresponsible people," he said.

The budget director-general at the finance ministry, Askolani, said it's in the process of approving money to pay the allowances. He said releasing funds for new housing is contingent on several factors, including reviewing local government data and identifying areas for new settlements that are safe from liquefaction.

Hidayat isn't waiting. He said the Tzu Chi Buddhist Foundation has agreed to build 3,000 new homes in the Palu area, but he is urging organizations and local governments from around the country to build more.

"Our regional capabilities are very limited," he said. "As the mayor, I'm begging for help to many humanitarian groups and institutions."

Source: Fox News World

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Venezuelan military deserters willing to return to fight Maduro

Venezuelan National Guards Rosales Jimenez and Kari Castro Marquez talk to each other during an interview with Reuters in Cucuta
Venezuelan National Guards Rosales Jimenez and Kari Castro Marquez talk to each other during an interview with Reuters in Cucuta, Colombia February 24, 2019. REUTERS/Marco Bello

February 25, 2019

By Nelson Bocanegra

CUCUTA, Colombia (Reuters) – Sergeant Javier Gonzalez knew he would be killed if caught deserting Venezuela’s military to flee to Colombia, but the thought of his nine-month-old son suffering the lack of milk and diapers in his economically devastated country steeled his resolve.

Gonzalez’s wife, Sergeant Kari Castro, escaped a day later on Sunday, crossing a riverbed near the Colombia city of Cucuta with their baby and two other family members.

The couple are two of at least 167 members of the Venezuelan armed forces who have deserted and turned themselves into Colombia’s migration agency over the last three days.

The desertions began Saturday, during a failed attempt by Venezuela’s opposition to drive a convoy of hundreds of tonnes of international humanitarian aid into the country, despite a refusal by Venezuelan President Nicolas Maduro to accept the food and medicine.

Two trucks caught fire on a border bridge, after being halted at Venezuelan National Guard barricades. Violent clashes between protesters and the armed forces left almost 300 wounded and at least three protesters dead near the Brazilian border.

The support of the military is considered key for Maduro to retain his hold on the country, especially since last month, when opposition lawmaker Juan Guaido invoked the constitution to assume an interim presidency.

“I deserted for the life of my son. We’re working for a salary that doesn’t stretch to anything. We can’t live in misery. Enough, we’re tired,” said former national guardsman Gonzalez, 28, who earned about $13 a month in the ranks.

Shortages of basic goods and political unrest finally pushed the family to leave, said Castro, 38, who has spent half her life serving in the armed forces.

“It’s so difficult to go to another country when you’ve given your life to an institution,” she said.

Gonzalez said that since his desertion he has been in contact with former colleagues who are also willing to defect. Many in the armed forces are afraid of Maduro’s intelligence forces, he said, which has reportedly tortured and killed those who go against Maduro.

“They’re going to do it – I have lots of colleagues writing to me and they are motivated, they just need a little push,” he said during an interview in Cucuta.

The couple said they are willing to return to their home country to help Guaido wrest control from Maduro, who denies any crisis and says the aid convoys are a U.S.-backed ruse to oust him.

“It’s never too late to take the step – if our president Guaido is supporting us, we’ll support him,” said Gonzalez, who served in the national guard for eight years. “If we must form units here to plan the takeover of our country we’ll do it.”

Guaido, recognized by most Western nations as Venezuela’s legitimate leader, urged foreign powers to consider “all options” for ousting Maduro at a Monday meeting of the Lima Group regional bloc.

Colombian President Ivan Duque told the body the desertions showed there are cracks inside the Venezuelan armed forces and called for a “domino effect” of more defections.

(Reporting by Nelson Bocanegra; writing by Julia Symmes Cobb; Editing by Helen Murphy and Lisa Shumaker)

Source: OANN

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U.S. manufacturing output unchanged in March

FILE PHOTO: A line worker installs the front seats on the flex line at Nissan Motor Co's automobile manufacturing plant in Smyrna Tennessee
FILE PHOTO: A line worker installs the front seats on the flex line at Nissan Motor Co's automobile manufacturing plant in Smyrna, Tennessee, U.S., August 23, 2018. REUTERS/William DeShazer/File Photo

April 16, 2019

WASHINGTON, (Reuters) – U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017.

The Federal Reserve said on Tuesday manufacturing production last month was restrained by weak motor vehicle output. Data for February was revised up to show output at factories falling 0.3 percent instead of declining 0.4 percent as previously reported.

Economists polled by Reuters had forecast manufacturing output edging up 0.1 percent in March. Production at factories dropped at a 1.1 percent annualized rate in the first quarter. That was the first quarterly drop since the third quarter of 2017 and followed a 1.7 percent pace of increase in the October-December period.

Motor vehicles and parts production dropped 2.5 percent last month after increasing 2.3 percent in February. An inventory overhang in the automobile sector is weighing on production, contributing to factory employment declining in March for the first time since July 2017.

Excluding motor vehicles and parts, manufacturing output rose 0.2 percent in March after falling 0.5 percent in February.

The outlook for the manufacturing sector, which accounts for about 12 percent of the economy, is cloudy. A survey from the New York Fed on Monday showed a measure of future business activity in New York state dropped to a more than three-year low in April, with companies downbeat about new orders and shipments.

Manufacturing is slowing as stimulus to capital spending from last year’s $1.5 trillion tax cut package diminishes. Activity is also being hobbled by a trade war between the United States and China as well as by last year’s surge in the dollar and softening global economic growth, which are hurting exports.

The flat manufacturing output in March together with a 0.8 percent drop in mining, lead to a 0.1 percent dip in industrial production in March. Industrial output edged up 0.1 percent in February. It fell at a 0.3 percent rate in the first quarter after rising at a 4.0 percent pace in the fourth quarter.

Utilities output gained 0.2 percent in March.

Capacity utilization for the manufacturing sector, a measure of how fully firms are using their resources, slipped to 76.4 percent last month from 76.5 percent in February. Overall capacity use for the industrial sector fell to 78.8 percent from 79.0 percent in February.

It is 1.0 percentage point below its 1972-2017 average. Officials at the Fed tend to look at capacity use measures for signals of how much “slack” remains in the economy — how far growth has room to run before it becomes inflationary.

(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

Source: OANN

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Wynn Resorts fined Nevada record $20M over sex allegations

Casino mogul Steve Wynn's former company was fined a record $20 million by Nevada gambling regulators on Tuesday for failing to investigate claims of sexual misconduct made against him before he resigned a year ago.

The penalty against Wynn Resorts Ltd. ends an investigation that began after The Wall Street Journal reported that several women said the company founder harassed or assaulted them.

Wynn Resorts will keep its gambling license under the Nevada Gaming Commission settlement approved by four commissioners who set the fine.

"It's not about one man," said Commissioner Philip Pro, a former federal court judge. "It's about a failure of a corporate culture to effectively govern itself as it should."

Pro called the commission "guardians of the integrity of gambling," with a responsibility to make sure license holders "don't do things that bring disrepute on the industry" in Nevada.

The previous highest fine in state history was $5.5 million in 2014 against the sports betting and mobile gambling system company now known as CG Technology.

Commissioners John Moran Jr. and Deborah Fuetsch said they considered a higher fine, but did not specify an amount.

Chairman Tony Alamo said $20 million "makes it clear to all licensees that this culture cannot be tolerated," while also letting the publicly traded company "heal."

"It needs to move needles here," he said. "It needs to ring across the entire country."

Steve Wynn himself was not part of the settlement, and neither Wynn nor any personal representatives attended the commission hearing. Wynn has denied all allegations against him. One of his attorneys, Colby Williams, said by telephone that he was aware of the fine but declined to comment.

The commission has frozen Wynn's Nevada casino license. It has not taken other disciplinary action against him or the other board members and executives named in the settlement. None are still with the company.

"Isn't it strange that the people ... that are the subject of this aren't even in the room today?" Moran observed of the new slate of company executives and board members sitting before him. "The people that are in this room now ... they're left with the train wreck to try to fix it."

Wynn resigned as board chairman and company CEO in February 2018 following reports that he harassed or assaulted several women. He also sold his company shares.

Details about the investigation and its findings were not made public.

But Wynn Resorts acknowledged in settlement documents that several former board members and executives knew about but failed to investigate after Wynn paid $7.5 million in 2005 to a former salon employee who alleged he raped her and that she became pregnant as a result.

"Mr. Wynn ... engaged in intimate and sexual conduct with (company) employees," the settlement documents said.

The company also failed to investigate a cocktail server's allegation that from 2005 to 2006 Wynn pressured her into a nonconsensual sexual relationship, the documents said. Wynn paid a $975,000 private settlement to that woman and her parents, the settlement said.

Wynn Resorts neither admitted nor denied allegations that Wynn sexually harassed multiple flight attendants on company aircraft.

"The company's initial response during this period was driven by Mr. Wynn's adamant denial of all allegations," said a statement from Wynn Resorts spokesman Michael Weaver. It acknowledged a "short-sighted focus on initially defending Mr. Wynn, rather than reassuring employees of the company's commitment to a safe and respectful work environment."

The company points to wholesale leadership changes, including hiring a new chief executive, requiring new sexual harassment prevention training for all employees and adding a women's leadership council to promote equality in the workplace.

"In sum, these 25,000 employees, led by CEO Matt Maddox and a reshaped board of directors, are the company that stands before the commission today, and not Steve Wynn," the company said in its Jan. 25 written settlement.

A company settlement also is pending in Massachusetts, where gambling regulators launched a similar investigation of whether Wynn Resorts should be allowed to operate a more than $2 billion Boston-area casino resort slated to open in June.

Wynn's name was removed the project now called Encore Boston Harbor.

Steve Wynn sued to prevent release of a Massachusetts Gaming Commission report about that probe, arguing it contains confidential information that is protected by attorney-client privilege. A hearing is scheduled Monday before a Nevada judge who has temporarily blocked release of that report.

The Nevada fine "sets an unfortunate benchmark, but a necessary one for the industry and Wynn Resorts as a company," said Jennifer Roberts, associate director of the International Center for Gaming Regulation at the University of Nevada, Las Vegas.

"It will be interesting to see how this affects what Massachusetts is going to do," she added.

Wynn Resorts traded at more than $200 per share before the Wall Street Journal report, and closed at about $165 after Wynn resigned. Company stock closed at $130.45 on Tuesday, up $1.25.

Source: Fox News National

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China says U.S. hyping threat to justify own rising defense spending

U.S. President Trump salutes U.S. Army soldier as he observes military demonstration with Major General Piatt at Fort Drum, New York
FILE PHOTO: U.S. President Donald Trump salutes a U.S. Army soldier as he observes a military demonstration with U.S. Army Major General Walter “Walt” Piatt, the Commanding General of the Army's 10th Mountain Division at Fort Drum, New York, U.S., August 13, 2018. REUTERS/Carlos Barria

March 22, 2019

BEIJING (Reuters) – China’s Defence Ministry on Friday accused its United States counterpart of deliberately seeking to hype up the threat from China and other nations to justify its own military expenditure, calling the move short-sighted and dangerous.

U.S. President Donald Trump’s $750-billion defense spending request to Congress is the largest ever in dollar terms, though not after being adjusted for inflation, and is meant to counter the growing strength of the Chinese and Russian militaries.

By comparison, China this month unveiled a hike of 7.5 percent in defense spending for the year, to 1.19 trillion yuan ($177 billion), though many experts and diplomats say the real figure is probably far higher. China denies that.

In a statement, China’s Defence Ministry reiterated its standard line about being committed to a peaceful path, and said the United States loved to talk up the “China threat theory”.

“We have noted that when the U.S. Defense Department is fighting for military spending, it always likes petty niggling, trying to get even more benefit for itself by exaggerating the threat posed by other countries,” it said.

“This is short-sighted and extremely dangerous,” it added.

It urged the United States to cast aside Cold War thinking, and take steps to promote the healthy and stable development of two-way ties between the two militaries.

The two countries frequently say they are committed to a sound military-to-military relationship, but their armed forces have seen some tense stand-offs in recent years, particularly in the disputed South China Sea, where the U.S. Navy conducts freedom of navigation patrols.

China is also deeply opposed to U.S. arms sales to self-ruled and democratic Taiwan, which Beijing claims as its sacred territory, to be brought under its control by force if necessary.

Responding to reports the Trump administration has approved the sales of more F-16 fighter jets to Taiwan, a Chinese foreign ministry spokesman on Friday said the government had already lodged “stern representations” with the United States.

“We urge the U.S. side to fully acknowledge the extreme sensitivity of the relevant issue, and extreme harmfulness of it,” he added.

The United States is bound by law to provide Taiwan with the means to defend itself.

Taiwan President Tsai Ing-wen will stop over in Hawaii next week at the end of a tour of the Pacific, to China’s anger.

(Reporting by Ben Blanchard; Editing by Clarence Fernandez)

Source: OANN

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More people die after Nigeria building collapse: emergency agency official

People gather outside a cordoned off area at the site of a collapsed building containing a school in Nigeria's commercial capital of Lagos
People gather outside a cordoned off area at the site of a collapsed building containing a school in Nigeria's commercial capital of Lagos, Nigeria March 14, 2019. REUTERS/Afolabi Sotunde

March 14, 2019

LAGOS (Reuters) – More people have died after being taken to hospital in the wake of the collapse of a building housing a school in the Nigerian city of Lagos, said an emergency agency official on Thursday.

Adesina Tiamiyu, the general manager of the Lagos State Emergency Management Agency, declined to give a total figure for casualties, saying they were still being worked out.

(Reporting by Angela Ukomadu and Alexis Akwagyiram in Lagos; Writing by Paul Carsten; Editing by Gareth Jones)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

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A remote controlled robot for the 'Isotopium: Chernobyl' game is seen at the game's location in Brovary
A remote controlled robot for the ‘Isotopium: Chernobyl’ game is seen at the game’s location in Brovary, Ukraine April 25, 2019. REUTERS/Valentyn Ogirenko

April 26, 2019

By Margaryta Chornokondratenko

KIEV (Reuters) – A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October.

Players of “Isotopium: Chernobyl” drive tanks around the ghost town of Prypyat near Chernobyl, knocking out competitors as they search for an energy source called isotopium and collecting points every time they find some.

While the game takes its theme from the nuclear disaster at Chernobyl in northern Ukraine, which marked its 33rd anniversary on Friday, it was also inspired by the 2009 science fiction film “Avatar”.

Newcomers to the game think they have entered a virtual world when in fact they are controlling a real robot, equipped with a camera and computer, which makes its way around a model of the town rendered down to the tiniest detail.

“When playing our game, for the first 5-10 minutes many players don’t understand that it is not fictional,” said the game’s co-founder Sergey Beskrestnov. “They message us saying: ‘You have cool texture, you have good graphics, your designer is good, well done. You have a cool operating system.’

“People then reply: ‘It is not an operating system, it is real,’ and the player can’t believe it is real,” said Beskrestnov, speaking mid-game from Prypyat city square as he towers over surrounding five-storey buildings.

Kiev-born Beskrestnov was just 12 years old when on April 26, 1986 a botched test at the nuclear plant in the then Soviet Union sent clouds of smoldering nuclear material across large swathes of Europe, forced over 50,000 people, including Beskrestnov’s family, to evacuate and poisoned unknown numbers of workers involved in its clean-up.

Beskrestnov and his partner Alexey Fateyev used Google maps and hundreds of pictures from the Chernobyl area to recreate Prypyat landmarks, including residential buildings, a hotel, concert hall, amusement park and a stadium.

The game’s real-scale model occupies a 180 square meter (1,938 sq. ft) basement of a residential building in the Ukraine city of Brovary, just 150 km (93 miles) from the Chernobyl Exclusion Zone and 30 km east of Kiev.

Miniature radioactivity warning signs, graffiti on the walls of abandoned buildings and tables and chairs left scattered inside a small cafe all add to the creepy atmosphere of a once lively town.

“It’s a really neat concept …,” Shaun Prescott wrote in a review of the game published by PC Gamer magazine in January. “Controlling the tanks is kinda cumbersome, but they are tanks, after all.”

An attentive player will notice at least one inaccuracy – the real Chernobyl nuclear power plant is not located in town as it is in the game.

It costs $9 to immerse in the atmosphere of a post-apocalyptic town for an hour but only 20 people at a time can play simultaneously. Beskrestnov’s company, Remote Games, said 62,615 people around the world have registered to play the game, including around 15,000 in France and 10,000 in the United States.

A camera fixed on top of a moving tank broadcasts high quality signal in real time, allowing players from as far apart as Australia and Canada enjoy the game without facing any time delay in delivering video signals.

Its creators next ambition is to devise a game featuring the colonization of Mars in which 1,000 people will be able to simultaneously control robots on different missions involved in the operation.

“Many people advise us to contact Elon Musk directly because it resonates his dreams and ideas,” Beskrestnov jokes.    

(Editing by Susan Fenton)

Source: OANN

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FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California
FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.

The company on Thursday beat brokerage estimates for quarterly same-store sales on the back of demand for its new Cloud Macchiato, Matcha tea and cold brews in the United States.

However, BTIG’s Peter Saleh was one of a number of sector analysts who said while customers forking out for higher-priced new drinks had helped drive growth in same-store sales, “anemic” traffic at cafes remained a concern.

He and others pointed to a 1 percent decline in footfall at cafes in the Chinese market, viewed as crucial to the chain’s growth for the foreseeable future.

More broadly, transaction numbers, the substitute analysts use for customer traffic, were unchanged in all three of the company’s global regions.

Shares in the company, which hit a record high after the results on Thursday, fell 1 percent in morning trade.

“We remain cautious given near-term headwinds surrounding China, including cannibalization, increasing competition (and) a slowing economy,” Wedbush analyst Nick Setyan said.

Starbucks has also poured money into beefing up its delivery network in China as it battles with local startup Luckin Coffee, whose speedy growth led it to file for an IPO in the United States earlier this week.

New menu items and partnerships with delivery services, the heart of the company’s strategy to win back customers lost to artisanal coffee shops and cheaper fast-food rivals, did help Starbucks’ sales in its home market.

However, analysts said growth in China may continue to be subdued.

Wells Fargo analyst Bonnie Herzog said she expects store expansion in China to take priority over comparable sales growth.

She downgraded her rating on Starbucks’ to “market perform” from “outperform”, arguing that the company facing tough sales comparisons later on in 2019 from last year and the current rich valuation of shares meant the stock had limited room to rise.

“Investors will be hesitant to invest new money in a stock with a topline that, while still strong, is unlikely to meaningfully accelerate,” Herzog said.

Still, the company’s solid same-store growth in the United States, improving profit margins and a lower tax rate for the rest of the year led at least 6 Wall Street brokerages to raise their price targets on the stock to as high as $81.

11 of 29 brokerages rate Starbucks “buy” or higher, 17 “hold” and 1 “sell” or lower. Their median price target is $75.

(Reporting by Uday Sampath in Bengaluru)

Source: OANN

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A man accused of fatally beating a 4-month-old boy after finding out the infant wasn’t his son had been previously deported from the United States five times, most recently in late 2016, immigration officials said.

Carlos Zuniga-Aviles, a 33-year-old Honduran national, has used multiple aliases, including the fake name of Jose Agurcia-Avila he gave police in Memphis, Tennessee, following his arrest in the boy’s death earlier this month, US Immigration and Customs Enforcement officials told WMC-TV.

ICE officials have since filed an immigration detainer against Zuniga-Aviles, who was initially deported back to Honduras in February 2010. He was also returned to the Central American country in 2011, 2012, 2015 and 2016.

CLICK HERE TO READ MORE FROM THE NEW YORK POST

“ICE will seek to take him into custody to reinstate his removal order following the resolution of the criminal charges he currently faces,” the statement reads. “Mr. Zuniga-Aviles has been removed from the US five prior times: his most recent removal by ICE to Honduras took place in December 2016.”

ILLEGAL IMMIGRANT WITH CRIMINAL HISTORY ARRESTED IN CALIFORNIA WOMAN’S MURDER

Zuniga-Aviles later returned to the U.S. following his removal, a felony under federal law, immigration officials said. It’s unclear exactly when he returned, but he was living with his girlfriend and the woman’s 4-month-old son in Memphis at the time of his arrest, WREG reports.

DAD OF MAN KILLED BY ILLEGAL IMMIGRANT BLASTS CALIFORNIA GOV. NEWSOM’S TRIP TO CENTRAL AMERICA: ‘IT’S DISGUSTING’

The infant, Alexander Lizondro-Chacon, was pronounced dead at a hospital from blunt force trauma to the head after his mother, Mercy Lizondro-Chacon, called police on April 12 to report that the boy was having trouble breathing, according to an affidavit of complaint obtained by the Commercial Appeal.

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This article originally appeared in the New York Post. For more from the Post, click here.

Source: Fox News National

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