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War Room – 2019-Apr 08, Monday – Democrats Would Rather Eat Avocados Than Stop Human Trafficking

Owen Shroyer starts the week of the War Room by taking your calls on any topic. We are also joined by Del Bigtree to discuss the latest in medical tyranny. Owen announces he will take the avocado challenge again.

Source: The War Room

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Illegal immigrant charged in 5 deaths in Missouri, Kansas found dead in jail cell, sheriff says

An illegal immigrant who led authorities on a manhunt across two states after allegedly killing five people in 2016 was found dead in a jail cell early Tuesday, officials said.

The Montgomery County Sheriff's Office said in a Facebook post that Pablo Serrano-Vitorino, 43, was found alone and unresponsive in his jail cell at the St. Louis Justice Center after 2 a.m.

"Serrano-Vitorino was transported to the hospital where he was pronounced deceased at 3:06 a.m.," police said.

ICE MISSED CHANCES TO DEPORT ILLEGAL IMMIGRANT CHARGED IN 5 DEATHS, SLAIN MAN'S FATHER CLAIMS IN SUIT

Serrano-Vitorino, who was in the country illegally from Mexico, had been charged with five counts of first-degree murder after he allegedly killed four men in Kansas City, Kan., and later killed another man in Missouri before being captured.

The killings in Kansas City spurred a manhunt involving nearly 100 officers to arrest Serrano-Vitorino, who was found armed with an assault rifle and hiding face-down in a ditch 170 miles away at the time of his capture.

Serrano-Vitorino fled to Missouri after the Kansas killings, and then killed another man in Florence, Mo., according to prosecutors.

Serrano-Vitorino fled to Missouri after the Kansas killings, and then killed another man in Florence, Mo., according to prosecutors. (Montgomery County Sheriff's Office /Cristina Fletes/St. Louis Post-Dispatch via AP)

After his arrest, Serrano-Vitorino attempted to take his own life after being placed in the general prison population at the Montgomery County Jail, FOX4 reported at the time. Officials on Tuesday did not disclose how he died in St. Louis.

The 43-year-old was facing a looming trial in October for the March 2016 killing of 49-year-old Randy Nordman in New Florence, Mo. Prosecutors had sought the death penalty in the Missouri case, FOX2 reported.

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

The killings had spurred a 2018 lawsuit from the father of Austin Harter, one of the Kansas victims, who claimed that U.S. immigration officials missed two chances to detain and deport the Mexican national prior to the killings.

Pablo Serrano-Vitorino was deported to Mexico after he was convicted of a felony in 2003 but illegally re-entered the U.S. He was arrested in 2014 and 2015.

Pablo Serrano-Vitorino was deported to Mexico after he was convicted of a felony in 2003 but illegally re-entered the U.S. He was arrested in 2014 and 2015. (Missouri State Highway Patrol)

In 2016 when the killings occurred, Serrano-Vitorino was arrested and released twice, according to the lawsuit, filed last year in Kansas City, Kan.

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Serrano-Vitorino illegally re-entered the U.S. sometime after he was deported to Mexico after being convicted of a felony in 2003. Although he was back behind bars in 2014 and 2015, U.S. Immigration and Customs Enforcement failed to detain him, according to the lawsuit.

In 2014, Serrano-Vitorino was arrested for battery in Kansas, but an ICE agent never showed up despite being notified by Wyandotte County jail officials that he was in custody, the lawsuit alleged. He was arrested again later that year for impaired driving. The lawsuit didn't state whether ICE officials were notified in that instance.

An ICE spokesman at the time declined to comment on the suit, but noted the “lack of comment should not be construed as agreement with or stipulation to any of the allegations."

Fox News' Benjamin Brown and The Associated Press contributed to this report.

Source: Fox News National

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Venezuelans build new life in Spain, fret for homeland

The Wider Image: Venezuelans build new life in Spain, fret for homeland
Arelis Morales, 30, and Jose Martinez, 31, spend time with Arelis's family during a goodbye gathering at her grandmother's house in Cotiza, Caracas, Venezuela January 12, 2019. REUTERS/Ana Maria Arevalo Gosen

March 14, 2019

By Ana Maria Arevalo

XINZO DE LIMIA, Spain (Reuters) – Until January, Jose Martinez and his wife Arelis Morales were in the eye of Venezuela’s political storm: he worked for an opposition leader, she advised human rights groups.

But after years of opposing President Nicolas Maduro’s increasingly repressive leftist government – including 2017 protests that ended with 125 deaths – they decided to put family life first.

“The main reason for leaving was that we want to have children,” Martinez, 31, told Reuters, from the rural town of Xinzo de Limia in Spain’s Galicia region where they left to live with relatives.

“It hurts, but we have to move on. How could we expose a child to everything that goes on in Venezuela?”

The exodus of more than 3 million Venezuelans from an imploding economy, crime-ridden streets and constant political violence, is a well-known phenomenon, especially the flood of lower-income migrants around Latin America.

There has been less attention paid to middle-class professionals who, though enjoying more resources, also face agonizing dilemmas, often giving up years of training and work.

Martinez, a coordinator in the party of opposition leader Maria Corina Machado, suffered depression last year. But he is recovering in Xinzo de Limia and reinventing himself as a photographer, doing documentary and wedding work.

His wife Morales, 30, wants to stay working in human rights, while seeking to have a baby. “We gave everything we could for the country until my body literally said: ‘I cannot take this anymore’,” she said, saying stress stopped her getting pregnant.

Both are encouraged by recent events in Venezuela, where congress leader Juan Guaido invoked the constitution to assume the interim presidency after declaring Maduro’s 2018 reelection illegitimate, galvanizing the opposition and earning Western recognition.

The couple hope to move back if Maduro loses power.

PROFESSIONAL DREAM

Thousands of Venezuelans have moved to Spain in recent years, many reconnecting with roots after waves of immigration in the opposite direction following the 20th century World Wars.

According to official data, Venezuelans living in Spain rose to 109,880 by mid-2018, up nearly 19,000 in the previous six months. Those figures probably do not include many dual nationality citizens who also moved, people like Mariana Elias.

Before moving to Barcelona in January, Elias spent years in Caracas doing two degrees in chemical and production engineering, helping to pay her way with work as a teacher.

She protested on the streets against Maduro, was faculty student council president at Simon Bolivar university, and felt the chaos of Caracas close up when robbed on three occasions.

Her reason for moving to Barcelona was straightforward: “My job ambitions. As I really prepared myself academically, I wanted to have the opportunity in the long-term to progress and upgrade. I wasn’t able to see that in Venezuela right now.”

Elias, 27, wants to find a job in engineering, but for now has started at a British company organizing conferences. In Spain she enjoys basic services such as public transport that her compatriots can no longer take for granted.

“In Venezuela I would never take public transport unless I had no other choice. I would pray and ask all the deities to make me invisible so I wouldn’t get robbed,” said the bubbly, bilingual Elias, adding she had no plans to return home any time soon.

She enjoys Venezuelan traditions with compatriots in Spain.

“The Venezuelans I know are all trying to work and make ends meet. But we meet up to talk about our country and to eat ‘arepas’,” she said, referring to the cornmeal flatbread staple.

“I am not able to leave Venezuela out of my mind, never.”

(Additional reporting by Andrew Cawthorne in England; Paul Day in Madrid; Writing by Andrew Cawthorne; Editing by Gareth Jones)

Source: OANN

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Rep. Ilhan Omar slams Barack Obama's message of 'hope and change' as a 'mirage'

Rookie Democratic Rep. Ilhan Omar, fresh off igniting an intra-party uproar with comments widely viewed as anti-Semitic, took a swipe at former President Barack Obama, saying in an explosive interview the 44th president's message of "hope and change" was a "mirage" and blasting his administration's drone and border detention policies.

Omar, D-Minn., took aim at the president's famed slogan, while further criticizing the Democratic Party for “perpetuating the status quo,” in the interview with Politico.

“Recalling the ‘caging of kids’ at the U.S.-Mexico border and the ‘droning of countries around the world’ on Obama’s watch," Omar charged that Obama "operated within the same fundamentally broken framework as his Republican successor,” the piece reads.

TRUMP SLAMS DEMS AFTER VIRAL PHOTO OF CHILDREN IN CAGES, FROM OBAMA'S TERM, 'BACKFIRES'

Omar is then quoted as saying: “We can’t be only upset with Trump… His policies are bad, but many of the people who came before him also had really bad policies. They just were more polished than he was.

“And that’s not what we should be looking for anymore. We don’t want anybody to get away with murder because they are polished. We want to recognize the actual policies that are behind the pretty face and the smile.”

The comments came after the passage Thursday of a broad anti-bigotry resolution prompted by Omar's prior comments about Israel. The resolution and the drama surrounding its passage exposed chasms in the Democratic caucus regarding Israel and marked a coup of sorts for a tight-knit band of House freshmen who – in a matter of hours – were able to shift the spotlight away from Omar’s allegedly anti-Semitic remarks and refocus on issues like Islamophobia and pro-Israel lobby AIPAC.

“The week was supposed to start off with a rebuke of Omar's anti-Semitic comments and it ended up turning into a long list of other hateful actions,” House Republican Whip Steve Scalise, R-La., told Fox News on Friday, saying the final product “fell short of addressing the real problem.”

But the broadside delivered at Obama is highly unusual for any Democrat, especially one who has been in the House for two months and has already ticked off party elders with her outspokenness.

DEM FROSH TURN TABLES ON ANTI-SEMITISM REBUKE, SHIFT SPOTLIGHT TO ISLAMOPHOBIA AND AIPAC POWER

The House resolution, following a week of Democratic infighting over the language, was approved on a 407-23 vote. The measure originally was drafted in response to Omar, a freshman Democrat from Minnesota, suggesting last week that Israel supporters want U.S. lawmakers to pledge “allegiance” to the Jewish state – which was widely condemned as echoing the age-old “dual loyalties” smear against Jewish politicians.

Yet after Speaker Nancy Pelosi faced a rebellion in the ranks amid concerns the resolution would unfairly single out Omar, a Muslim, and increase security threats against her (she was recently the subject of an inflammatory poster at the West Virginia capitol falsely tying her to the 9/11 attacks), the resolution was overhauled.

The result was a broad rebuke of bigotry, including anti-Semitism as well as “anti-Muslim discrimination and bigotry against minorities” perpetrated by white supremacists and others. The resolution condemned “dual loyalty” accusations, but did not mention Omar by name.

The fight exposed deep divisions in the party. But on the 2020 campaign trail, heavyweights came to Omar's side. Vermont independent Sen. Bernie Sanders, who was raised Jewish, defended Omar, arguing that “we must not, however, equate anti-Semitism with legitimate criticism of the right-wing, Netanyahu government in Israel.

MEGHAN McCAIN SLAMS REP. ILHAN OMAR'S 'BLATANTLY ANTI-SEMITIC RHETORIC' AMID BITTER TWITTER SPAT

“What I fear is going on in the House now is an effort to target Congresswoman Omar as a way of stifling that debate," the senator added. “That's wrong.”

Sen. Elizabeth Warren of Massachusetts also slammed anti-Semitism but defended Omar.

“Branding criticism of Israel as automatically anti-Semitic has a chilling effect on our public discourse and makes it harder to achieve a peaceful solution between Israelis and Palestinians,” she wrote in a statement obtained by Fox News.

Many Democrats, while strong supporters of Israel, have concerns with the country’s long-time prime minister, Benjamin Netanyahu, and his government’s treatment of Palestinians.

2020 DEMOCRATIC PRESIDENTIAL HOPEFULS CIRCLE THE WAGONS AROUND OMAR

There was a similar response from Sen. Kamala Harris of California, who called out all instances of bigotry and worried about possible violence directed at Omar.

“You can both support Israel and be loyal to our country,” she said. “I also believe there is a difference between criticism of policy or political leaders, and anti-Semitism."

Harris spotlighted that “like some of my colleagues in the Congressional Black Caucus, I am concerned that the spotlight being put on Congresswoman Omar may put her at risk.”

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Meanwhile, Sen. Kirsten Gillibrand, D-N.Y., was more critical of Omar in response to the controversy, while also accusing the GOP of "hypocrisy."

Fox News contacted President Obama’s office for comment.

Fox News' Judson Berger contributed to this report.

Source: Fox News Politics

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Trump's Fantasy Budget: No One Will Not Cut Spending

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WASHINGTON -- The good news about President Trump's proposed 2020 budget is that it vividly illustrates the basic causes of large, chronic deficits -- a mismatch between the government's commitments and the taxes needed to pay for them. The bad news is that the budget does virtually nothing to close the gap.

"We must protect future generations from Washington's habitual deficit spending," said the president in his budget message. Actually, Trump would make matters worse.

Under his budget, the federal government would spend $4.7 trillion in fiscal 2020, a 15 percent increase from the $4.1 trillion of spending in 2018. With tax receipts at $3.6 trillion, the projected deficit is $1.1 trillion. Although the economy is at or near "full employment," the annual deficit remains around $1 trillion until 2023 and then begins to decline, though it's still in deficit by 2029 when the projections stop.

Even these figures are optimistic, because -- as the Committee for a Responsible Federal Budget, a nonpartisan advocacy and research organization, says -- "the budget is riddled with gimmicks and unrealistic assumptions."

The most obvious of these is projected economic growth. The Trump administration argues that, under its policies, economic growth (the increase of Gross Domestic Product) will average about 3 percent over the next decade. By contrast, private forecasters predict growth at about 2 percent annually. Higher growth would mean billions of added tax revenues. Prudent policy would base its forecasts on the lower figure and hope that it's too cautious.

The administration also erred in concentrating its steep spending cuts on "non-defense discretionary" programs -- a catch-all that includes environmental protection, the Justice Department, low-income housing assistance, child care, national parks and many other agencies. The Center on Budget and Policy Priorities, a left-leaning advocacy group, reports that Trump's proposals would reduce spending by 12 percent for the Department of Health and Human Services, 18 percent for the Department of Housing and Urban Development and 31 percent for the Environmental Protection Agency.

Congress, which sets spending, seems likely to resist such deep cuts. For example, Trump would cut college student-loan programs by tightening repayment requirements. Over a decade, the estimated savings would be $207 billion. This would almost certainly be unpopular. Similarly, Trump's budget also includes a proposal to reduce federal payments to hospitals to cover their costs of unreimbursed care. Hospitals seem bound to fight that.

A final misunderstanding involves defense spending. Under the Trump budget, it receives a 5 percent increase in 2020, and this has been widely interpreted as a huge gain. That's questionable. Although total military spending would rise, its long-term growth would be less than the economy's rate of growth. In 2018, defense spending was 3.1 percent of GDP; by 2029, this share declines to 2.3 percent. The difference of almost 1 percentage point of GDP is (at today's prices) about $200 billion.

What this country desperately needs is an honest debate over the role of government, discarding programs that do not qualify and paying for the rest with new taxes. The relevant cliche is the unpopular reality: Neither Republicans nor Democrats want to make tough choices. The main purpose of Trump's budget seems to be re-electing Trump in 2020.

The budget, in short, is a fantasy. The actual deficits may be larger than the official figures.

But anyone who thinks Democrats are more responsible hasn't been paying attention. It's imperative to deal with the costs of retirees and health care, which are the largest part of the budget. For decades, Democrats have refused. Little has happened. And now Democrats back proposals (Medicare for all, guaranteed jobs, free college) that would raise spending even more.

Trump's budget shows where the inattention has landed us. The proposal is so skewed that, just possibly, it will force our leaders to face the world as it is, not as we would like it. That's a long shot, but it's the only one we've got.

(c) 2019, The Washington Post Writers Group

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Romanian court delays appeal decision in graft conviction

A Romanian court has postponed until May 20 its decision on an appeal by the country's most powerful politician against his 3 ½ year prison sentence for official misconduct in a graft case.

A few supporters of Social Democratic Party leader Liviu Dragnea scuffled with police Monday outside the courthouse as he entered.

Critics fear the delay endangers Dragnea's 2018 conviction, linked to the employment of two party members at a public agency, because the anticipated June 1 retirement of one the five judges hearing the appeal could potentially lead to a re-trial.

Also, a decision by the Constitutional Court due May 19 may invalidate Dragnea's conviction if it finds that the three-judge panel involved did not meet certain legal conditions.

Dragnea was convicted of vote-rigging in 2016.

Source: Fox News World

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Macy’s announces restructuring plan to save $100 million annually

People shop during a Black Friday sales event at Macy's department store in Manhasset, New York
People shop during a Black Friday sales event at Macy's department store in Manhasset, New York, U.S., November 23, 2018. REUTERS/Shannon Stapleton

February 26, 2019

(Reuters) – Macy’s Inc on Tuesday announced a restructuring plan that would cut the complexity of its top management structure to speed up decision-making and reduce costs.

The retailer said it expects the move to yield annual expense savings of $100 million, starting fiscal 2019.

Macy’s also reported a smaller-than-expected rise in holiday quarter same-store sales on Tuesday.

Shares of the company rose as much as 2.6 percent to $25 in early trading.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shailesh Kuber)

Source: OANN

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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

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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

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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

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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

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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.

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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

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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.

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“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

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