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FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo
April 18, 2019
WASHINGTON, (Reuters) – U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
The Commerce Department said on Thursday retail sales surged 1.6 percent last month. That was the biggest increase since September 2017 and followed an unrevised 0.2 percent drop in February.
Economists polled by Reuters had forecast retail sales would accelerate 0.9 percent in March. Retail sales in March advanced 3.6 percent from a year ago.
With March’s rebound, retail sales have now erased December’s plunge, which had put consumer spending and the overall economy on a sharply lower growth trajectory. Retail sales last month were probably lifted by tax refunds, even though they have been smaller than in previous years, following the revamping of the U.S. tax code in January 2018.
Excluding automobiles, gasoline, building materials and food services, retail sales rebounded 1.0 percent in March after a downwardly revised 0.3 percent decline in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.
They were previously reported to have decreased 0.2 percent in February. Consumer spending accounts for more than two-thirds of economic activity, and strong core retail sales in March could result in the further upgrading of first-quarter GDP estimates.
Growth forecasts for the first quarter were boosted to around a 2.4 percent annualized rate on Wednesday after data showed the U.S. trade deficit narrowed for a second straight month in February.
First-quarter growth forecasts have been raised from as low as a 0.5 percent rate following fairly upbeat reports on trade, inventories and construction spending. The economy grew at a 2.2 percent pace in the fourth quarter.
A report from the Federal Reserve on Wednesday described the economic activity as expanding “at a slight-to-moderate pace in March and early April. The Fed’s “Beige Book” report of anecdotal information on business activity collected from contacts nationwide showed a “few” of the U.S. central bank’s districts reported “some strengthening.”
Stronger growth in the first quarter will probably not change the view that the economy will slow this year as the stimulus from a $1.5 trillion tax cut package diminishes and the impact of interest rates hikes over the last few years lingers.
In March, sales at auto dealerships jumped 3.1 percent, the most since September 2017. Receipts at service stations increased 3.5 percent, likely reflecting higher gasoline prices. Sales at building materials and garden equipment and supplies dealers rose 0.3 percent.
Receipts at clothing stores shot up 2.0 percent, the largest increase since last May. There were also increases in sales at furniture outlets, electronics and appliances shops, and food and beverage stores.
Online and mail-order retail sales increased 1.2 percent last month. Sales at restaurants and bars rose 0.8 percent, the most since last July. But receipts at hobby, musical instrument and book stores fell 0.3 percent.
(Reporting by Lucia Mutikani Editing by Paul Simao)
Source: OANN
FILE PHOTO: Job seekers speak with potential employers at a City of Boston Neighborhood Career Fair on May Day in Boston, Massachusetts, U.S., May 1, 2017. REUTERS/Brian Snyder
April 18, 2019
WASHINGTON, (Reuters) – The number of Americans filing applications for unemployment benefits fell to more than a 49-1/2-year low last week, pointing to sustained strength in the economy.
Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 192,000 for the week ended April 13, the lowest level since September 1969, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.
Claims have now declined for five straight weeks. Economists polled by Reuters had forecast claims would rise to 205,000 in the latest week.
The Labor Department said no states were estimated last week. Claims tend to be volatile around this time of the year because of the different timings of the Easter holiday and spring breaks.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 6,000 to 201,250 last week, the lowest reading since November 1969.
The claims data covered the survey week for the nonfarm payrolls portion of April’s employment report. The four-week average of claims decreased by 19,250 between the March and April survey weeks. This suggests solid employment growth after payrolls increased by 196,000 jobs in March.
Though the trend in hiring has slowed, job gains remain above the roughly 100,000 needed per month to keep up with growth in the working-age population. The unemployment rate is at 3.8 percent, near the 3.7 percent Federal Reserve officials project it will be by the end of the year.
A report from the Fed on Wednesday showed “modest-to-moderate growth” in employment in a majority of the U.S. central bank’s districts in April. The Fed’s “Beige Book” report of anecdotal information on business activity collected from contacts nationwide showed notable worker shortages “most commonly in manufacturing and construction.”
Thursday’s claims report showed the number of people receiving benefits after an initial week of aid declined 63,000 to 1.65 million for the week ended April 6. The four-week moving average of the so-called continuing claims dropped 22,750 to 1.71 million.
(Reporting by Lucia Mutikani Editing by Paul Simao)
Source: OANN
FILE PHOTO: The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau/File Photo
April 18, 2019
By Stephen Nellis
(Reuters) – Apple Inc is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly everything that happens in its newest lab in Austin, Texas.
Apple said Thursday that it will open a “Material Recovery” lab to investigate new techniques using robotics and machine learning to rip apart its devices and recover valuable materials such as copper, aluminum and cobalt. The 9,000-square-foot lab will be at the same Austin facility as “Daisy,” an Apple-built robot that can now tear apart iPhones at the rate of 1.2 million per year.
The lab is part of Apple’s broader goal to make all of its products from recycled or renewable materials. Apple has not set a date for when it will reach that goal, though some products such as the MacBook Air already feature aluminum made from melted down iPhones traded in to Apple.
Lisa Jackson, Apple’s vice president of environment, policy and social Initiatives, told Reuters the research will inform how Apple designs its products.
“I absolutely think that the learnings we make there will be for all of Apple, and hopefully for all of our sector, and of course will influence designers and engineers as we go forward,” Jackson said in an interview.
Apple has faced criticism in the past that its thin-and-light product designs make it hard to disassemble products so they can be recycled.
Kyle Wiens, chief executive of iFixit, which provides free repair instructions for electronics, said Apple deserves some credit for making the iPhone reasonable to recycle. But he said many other popular products in its lineup – such as its AirPods headphones – cannot be economically recycled because they are stuck together with glue.
Jackson pushed back against that notion, saying that smaller products reduce material use and that Apple focuses on making longer lasting products. The company for the first time released figures showing that 7.8 million devices brought to Apple as trade-ins last year ended up with new users.
“Durability matters,” Jackson said. “We know our products are used a long time.”
Apple also said Thursday that materials recovered by the Daisy robot are making their way into new products. For example, batteries recovered by Daisy will be sent to recyclers so the cobalt from them can be used in new Apple batteries.
“Cobalt is mined in horrific conditions,” Wiens of iFixit said. “Reducing cobalt consumption is a good thing across the board.”
(Reporting by Stephen Nellis; Editing by Lisa Shumaker)
Source: OANN
FILE PHOTO: A row of houses are seen in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett
April 18, 2019
LONDON (Reuters) – British lenders think a slowdown in house prices will exert the biggest drag since 2012 on how many mortgages they offer, a Bank of England survey showed on Thursday, as Brexit uncertainty continues to depress the market.
Lenders surveyed by the central bank last month expected to provide around as many mortgages in the second quarter as in the first three months of the year.
But they predicted that expectations for house prices would be the biggest drag on mortgage supply, rather than the economic outlook or financial conditions.
Expectations for demand for mortgages in the prime market — dominated by London which has been hardest hit by the chaos surrounding Britain’s exit from the European Union — fell to their lowest level since late 2010, the BoE said.
Other surveys have shown Brexit to be a major drag on the property market in the capital, which is sensitive to flows of migrant workers from the European Union. A surge in prices in London in previous years has also stretched affordability.
Official data on Wednesday showed British house prices rose at the weakest rate in six-and-a-half years in February, dragged down by London’s biggest price fall in a decade.
The BoE’s survey took place between March 4 and 22.
(Reporting by Andy Bruce, editing by William Schomberg)
Source: OANN
FILE PHOTO: A Japanese flag flutters atop the Bank of Japan building under construction in Tokyo, Japan, September 21, 2017. REUTERS/Toru Hanai
April 18, 2019
By Leika Kihara
TOKYO (Reuters) – The Bank of Japan is expected to forecast next week that inflation will remain below its 2 percent target through the fiscal year that ends in March 2022, sources say, a sign its massive stimulus will stay in place for the foreseeable future.
The estimate highlights the dilemma the BOJ faces as subdued inflation forces it to maintain its ultra-easy policy, even as years of near-zero interest rates strain financial institutions.
In quarterly projections due next week, the central bank may slightly cut its growth and price forecasts for the current fiscal year, ending in March 2020, due to headwinds from slowing overseas growth, say sources familiar with its thinking.
For the first time, the BOJ will also release forecasts for fiscal 2021 that will project inflation to move above 1.5 percent but fall short of 2 percent, the sources said on condition of anonymity.
“Inflation is holding up but isn’t accelerating much either,” said one source. “Inflation will gradually head toward 2 percent but the pace will be moderate at best.”
With its 2 percent inflation target seen out of reach, the BOJ will join other major central banks that are being forced to delay plans to end crisis-mode policies due to soft inflation and growing signs of a global economic slowdown.
STICKING TO ITS VIEW
At the two-day rate review ending on Thursday, April 25, the BOJ is widely expected to maintain its pledge to guide short-term rates at minus 0.1 percent and long-term yields around zero under a policy dubbed yield curve control (YCC).
The central bank is also seen sticking to its view that Japan’s economy will emerge from a soft patch and resume a moderate expansion in the second half of 2019, they said.
“As long as the economy is in good shape and there is no major external shock, the BOJ can stay pat even if inflation does not hit 2 percent,” another source said.
Under projections issued in January, the BOJ expects core consumer inflation to hit 1.1 percent in the current fiscal year and accelerate to 1.5 percent the following year.
It also predicts the economy will grow 0.9 percent this fiscal year and 1.0 percent the following year.
The BOJ is in a bind. Years of heavy money printing have failed to fire up inflation to 2 percent and left it with little ammunition to fight the next recession.
Prolonged easing has also added to pains for regional banks, already facing slumping profits due to an aging population and an exodus of borrowers to big cities.
The BOJ has notched up its warning against the rising drawbacks of its policy. In a semi-annual report analyzing the banking system on Wednesday, it said nearly 60 percent of regional banks could suffer net losses a decade from now if corporate borrowing keeps falling in line with the current trend.
(Reporting by Leika Kihara; Editing by Richard Borsuk)
Source: OANN
FILE PHOTO: A shadow of of Tokyo governor Yuriko Koike is seen on the logo of Tokyo 2020 Olympic games during the Olympic and Paralympic flag-raising ceremony at Tokyo Metropolitan Government Building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo
April 18, 2019
By Jack Tarrant
TOKYO (Reuters) – Residents of Japan will be able to apply for tickets for the Tokyo 2020 Olympic Games from May 9, the organizing committee said on Thursday.
Residents will be able to apply through the lottery system, which runs from May 9-28, before finding out if their application was successful on June 20.
People living outside of Japan will not be able to apply through the system but will instead have to buy tickets through country-specific Authorized Ticket Resellers (ATRs).
The distribution system varies from country to country but international sales cannot start until June 15. Each National Olympic Committee (NOC) has been allocated a certain number of tickets to be sold through their approved ATR.
Tokyo 2020 organizers refused to say how many tickets had been allocated to each NOC as well as how much commission ATRs would charge international customers.
Between 70-80 percent of all tickets have been reserved for domestic sales, with the remainder allocated to international customers and sponsors.
Tokyo’s bid for the Olympics said 7.8 million tickets would be available for the Games but organizers refused to confirm how many were for sale during the initial offering.
Organizers announced domestic ticket prices last year, with rates ranging from less than $19 for some group tickets up to $2,680, the top rate for a place at the opening ceremony.
The cheapest individual tickets will go on sale for 2,500 yen ($22.34) and, as in previous Games, athletics is the most expensive event with the highest priced tickets set at 130,000 yen ($161.68).
The Tokyo prices are roughly in line with those for the London Olympics in 2012 but are more expensive than Rio 2016, although fluctuating exchange rates make comparisons difficult.
This marks only the first wave of ticket sales for the summer showpiece, which begins on July 24, 2020.
There will be a further opportunity to purchase tickets in a first-come, first-served process later this year.
(Editing by Greg Stutchbury)
Source: OANN
FILE PHOTO: A worker pushes a trolley loaded with goods past a construction site in the central business district (CBD) of Sydney in Australia, March 15, 2018. REUTERS/David Gray/File Photo
April 18, 2019
By Swati Pandey
SYDNEY (Reuters) – A bumper run in Australian jobs extended to March and more people went looking for work, official data on Thursday showed, a sign the country’s labor market remains strong despite a small uptick in the unemployment rate.
The local dollar jumped about a quarter of U.S. cent to $0.7200 as traders wagered the Reserve Bank of Australia (RBA) will not rush to ease rates even though the broader economy has seemingly lost momentum.
The employment report is being closely watched for clues on monetary policy as the country’s central bank is counting on labor market strength for a long-awaited pick up in wage growth and inflation in the face of a property market downturn.
Thursday’s data showed a total 25,700 new jobs were created in March, surging past expectations for a rise of 12,000.
Encouragingly, all of that increase was led by full-time work with part-time decreasing 22,600.
“A solid set of employment figures, dominated by full-time roles, suggests that households and businesses may have to wait a little longer for rate cuts,” said Callam Pickering APAC economist at global job site Indeed.
“From the perspective of policymakers, particularly the Reserve Bank, this will be viewed as a positive report,” Pickering said.
Australia is creating jobs at a brisk annual pace of 2.4 percent, much faster than the 1.6 percent rise in population.
Even so, the unemployment rate rose to 5.0 percent in March from an eight-year trough of 4.9 percent the previous month as the participation rate climbed to 65.7 percent in a sign more people went looking for work.
While the jobless rate has stayed in a 4.9-5.1 percent band since last September, consumer prices have remained lukewarm for years now.
Worryingly for the RBA, first-quarter data due next week is expected to show core inflation further cooled to 1.7 percent from 1.8 percent in the previous quarter, undershooting its 2-3 percent mid-term target.
The RBA has held the cash rate at an all-time low of 1.50 percent for 2-1/2 years now and earlier this year switched away from its long-held tightening bias to a more neutral stance. On Tuesday, minutes of the central bank’s April meeting showed it believes a cut in interest rates would be appropriate if inflation stayed low and unemployment trended high.
(Reporting by Swati Pandey; Editing by Shri Navaratnam)
Source: OANN
A cyclist rides past the Bank of Canada building in Ottawa July 17, 2012. The Bank of Canada left interest rates unchanged on Tuesday, but made clear it was still weighing an eventual move higher, even as other central banks ease monetary policy to cope with damaging economic slowdowns. REUTERS/Chris Wattie (CANADA – Tags: BUSINESS POLITICS)
April 18, 2019
By Mumal Rathore
BENGALURU (Reuters) – The Bank of Canada is expected to hold policy steady for the rest of this year, with calls for the next hike in early 2020 resting on a knife’s edge, a Reuters poll showed, the latest dulling of rate expectations for a major central bank.
Just last month, a majority of economists said the overnight rate would rise to 2.0 percent in the third quarter of this year, followed by another rise next year.
The findings from the April 12-16 poll of over 40 economists brings expectations for the BoC in line with those for the U.S. Federal Reserve and other major central banks, which are now forecast to stay on the sidelines this year.
The Canadian economy has taken a hit from the mandatory production cut of oil – its biggest export – a slowdown in the housing market and wilting business sentiment over worries surrounding the U.S.-China trade war.
“Although the Bank of Canada still sports a directional bias in its forward-looking language, referring to ‘future rate increases’ in the March announcement, this likely reflects the fact that policy rates are still negative in real terms,” noted Douglas Porter, chief economist at BMO Capital Markets.
“However, this doesn’t preclude a Fed-comparable desire to stand pat given the substantial risks posed by higher interest rates – given a record-high household debt-to-income ratio – along with global economic headwinds and trade uncertainties.”
All economists polled said the BoC will hold rates at 1.75 percent at its April 24 meeting and about 60 percent of them say they will stay there through to the end of this year.
The median forecast shows the central bank will hike in the first quarter of next year to 2.0 percent, but the sample was split. The rates are forecast to stay put after that through to end-2020.
Almost 90 percent of economists who answered an additional question said a rate cut was unlikely by end-2020 as they remain hopeful the economy will muddle through its current rough patch.
“Those that think the softness will continue will point to signs of slowing growth in the U.S. and Europe, declines in global trade volumes, an inversion of the yield curve, and declines in business and consumer confidence,” noted Jean-François Perrault, chief economist at Scotiabank.
“While these factors are acting to hold back growth to some extent, fundamentals remain generally solid and our models continue to suggest that the probability of a recession in Canada is very low.”
The recent rise in oil prices contributed to a Canadian inflation increase to 1.9 percent in March, just below the central bank’s 2 percent target. A separate Reuters poll showed oil prices are expected to rise over the coming year.
While that may help underpin the economy, a major oil and natural resources exporter, the growth outlook was cut in the latest poll.
Gross domestic product (GDP) growth was forecast to average 1.6 percent this year and 1.7 percent next, a downgrade from 1.8 percent predicted for both those years in the January poll.
The median probability of a recession in the next 12 months was 20 percent, and 27.5 percent in the next two years. That compares with a 25 percent probability of a U.S. recession in the next 12 months and 40 percent chance in the next two years.
(Reporting and polling by Mumal Rathore; Editing by Ross Finley and Chris Reese)
Source: OANN
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo
April 17, 2019
By Saqib Iqbal Ahmed
NEW YORK (Reuters) – Strategists at the world’s largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds.
“We may get another leg-up from earnings but I would say the type of returns we experienced in the first quarter should not be extrapolated,” BlackRock’s chief equity strategist Kate Moore said during its quarterly U.S. wealth advisory event, which was attended over the web by about 1,300 of its financial adviser clients.
“We just want to be conscious of the fact that for both equities and bonds, the types of returns that you’ve experienced – not just in 2019 but over the course of the last decade and before – are going to be difficult to replicate,” said Moore.
U.S. stocks have appreciated sharply in recent years, thanks in part to steps the U.S. Federal Reserve took to resuscitate the U.S. economy after the financial crises of 2007-09, but worries abound that investors may be in a late-cycle environment, BlackRock strategists said.
Indeed, the benchmark S&P 500 stock index has gained about 16 percent in 2019 due to monetary and fiscal stimulus efforts in China and signs the U.S. Federal Reserve will delay further rate hikes for the time being.
In general, the recent market gyrations have not spurred financial advisers into action, Patrick Nolan, a senior strategist with BlackRock’s portfolio solutions team, said.
Faced with bouts of volatility, investors can pick from one of three options, Nolan said.
They could treat market gyrations as noise and largely ignore them, Nolan said. Alternatively they could react very strongly and dump risky assets, he said.
The third option is to add more protection in portfolios even as one remains positioned to take part in any gains if markets grind higher, he said.
“It looks to us like adviser models are still taking option one. We actually think option three might be a better path from here,” said Nolan.
To do this, BlackRock’s head of factor investing, Andrew Ang, favors quality – an approach where the focus is on companies that have a track record of stable earnings, are productive and sport a relatively lower level of debt.
“When we take that sort of position we can still participate in the upside for markets but we do that with a more defensive posture,” said Ang.
On Tuesday, BlackRock Chief Executive Larry Fink said the U.S. economy is speeding up again after a slowdown in recent months and cash could soon start rushing into stocks as most investors are underinvested in the markets globally.
BlackRock’s Moore agrees. She said a continued dovish tone from the Fed and global central banks, coupled with stabilizing economic growth and an improvement in the outlook for corporate earnings, could still help drive stocks higher.
“The pain trade is higher,” she said.
(Reporting by Saqib Iqbal Ahmed; editing by Jennifer Ablan and Lisa Shumaker)
Source: OANN
How do you explore the interior of a planet without ever touching down on it? Start by watching the way the planet spins, then measure how your spacecraft orbits it — very, very carefully. This is exactly what NASA planetary scientists did, using data from the agency’s former mission to Mercury.
It has long been known that Mercury and the Earth have metallic cores. Like Earth, Mercury’s outer core is composed of liquid metal, but there have only been hints that Mercury’s innermost core is solid. Now, in a new study, scientists from NASA’s Goddard Space Flight Center in Greenbelt, Maryland have found evidence that Mercury’s inner core is indeed solid and that it is very nearly the same size as Earth’s inner core.
Some scientists compare Mercury to a cannonball because its metal core fills nearly 85 percent of the volume of the planet. This large core — huge compared to the other rocky planets in our solar system — has long been one of the most intriguing mysteries about Mercury. Scientists had also wondered whether Mercury might have a solid inner core.
The findings of Mercury’s solid inner core, described in Geophysical Research Letters, certainly adds to a better understanding of Mercury, but there are larger ramifications. Just how similar, and how different, the cores of the planets are may give us clues about how the solar system formed and how rocky planets change over time.
“Mercury’s interior is still active, due to the molten core that powers the planet’s weak magnetic field, relative to Earth’s,” said Antonio Genova, an assistant professor at the Sapienza University of Rome who led the research while at NASA Goddard. “Mercury’s interior has cooled more rapidly than our planet’s. Mercury may help us predict how Earth’s magnetic field will change as the core cools.”
Alex Jones reveals the truth behind China’s exploration of the dark side of the moon, an adventure that, in all likelihood, has already been carried out by covert, American-run space programs.
To figure out what the core of Mercury is made of, Genova and his colleagues had to get, figuratively, closer. The team used several observations from the MESSENGER (Mercury Surface, Space Environment, GEochemistry and Ranging) mission to probe the interior of Mercury. The researchers looked, most importantly, at the planet’s spin and gravity.
The MESSENGER spacecraft entered orbit around Mercury in March 2011, and spent four years observing this nearest planet to our Sun until it was deliberately brought down to the planet’s surface in April 2015.
Radio observations from MESSENGER were used to determine the gravitational anomalies (areas of local increases or decreases in mass) and the location of its rotational pole, which allowed scientists to understand the orientation of the planet.
Each planet spins on an axis, also known as the pole. Mercury spins much more slowly than Earth, with its day lasting about 58 Earth days. Scientists often use tiny variations in the way an object spins to reveal clues about its internal structure. In 2007, radar observations made from Earth revealed small shifts in the spin of Mercury, called librations, that proved some of Mercury’s core must be liquid-molten metal. But observations of the spin rate alone were not sufficient to give a clear measurement of what the inner core was like. Could there be a solid core lurking underneath, scientists wondered?
Gravity can help answer that question. “Gravity is a powerful tool to look at the deep interior of a planet because it depends on the planet’s density structure,” said Sander Goossens, a Goddard researcher who worked with Genova on this study.
As MESSENGER orbited Mercury over the course of its mission, and got closer and closer to the surface, scientists recorded how the spacecraft accelerated under the influence of the planet’s gravity. The density structure of a planet can create subtle changes in a spacecraft’s orbit. In the later parts of the mission, MESSENGER flew about 120 miles above the surface, and less than 65 miles during its last year. The final low-altitude orbits provided the best data yet, and allowed for Genova and his team to make the most accurate measurements about the internal structure of Mercury yet taken.
Genova and his team put data from MESSENGER into a sophisticated computer program that allowed them to adjust parameters and figure out what the interior composition of Mercury must be like to match the way it spins and the way the spacecraft accelerated around it. The results showed that for the best match, Mercury must have a large, solid inner core. They estimated that the solid, iron core is about 1,260 miles (about 2,000 kilometers) wide and makes up about half of Mercury’s entire core (about 2,440 miles, or nearly 4,000 kilometers, wide). In contrast, Earth’s solid core is about 1,500 miles (2,400 kilometers) across, taking up a little more than a third of this planet’s entire core.
“We had to pull together information from many fields: geodesy, geochemistry, orbital mechanics and gravity to find out what Mercury’s internal structure must be,” said Goddard planetary scientist Erwan Mazarico, who also helped Genova reveal Mercury’s solid core.
The fact that scientists needed to get close to Mercury to find out more about its interior highlights the power of sending spacecraft to other worlds. Such accurate measurements of Mercury’s spin and gravity were simply not possible to make from Earth. Additionally, this result used data collected by MESSENGER over several years, information that’s available for all scientists to use. New discoveries about Mercury are practically guaranteed to be waiting in MESSENGER’s archives, with each discovery about our local planetary neighborhood giving us a better understanding of what lies beyond.
“Every new bit of information about our solar system helps us understand the larger universe,” said Genova.
Millie Weaver and Kaitlin Bennett join Alex Jones to discuss his recent appearance on Logan Paul’s podcast.
Source: InfoWars
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