Tuesday 31 October 2017

After NYC Terror Attack, Trump Says ISIS Fighters Should Not Be Allowed Back In Our Country

After NYC Terror Attack, Trump Says ISIS Fighters Should Not Be Allowed Back In Our Country


US

Photo of Jonah Bennett

7:11 PM 10/31/2017

President Donald Trump tweeted Tuesday evening that the United States must not allow Islamic State fighters to return or enter America, following the terror attack in Manhattan.

“We must not allow ISIS to return, or enter, our country after defeating them in the Middle East and elsewhere,” Trump tweeted. “Enough!”

Earlier in the evening, Trump referred to the attacker, now identified as 29-year-old Sayfullo Saipov from Uzbekistan, as a “very sick and deranged person,” and New York City Mayor Bill de Blasio has already labeled it a “cowardly act of terror.”

“This was an act of terror, and a particularly cowardly act of terror aimed at innocent civilians, aimed at people going about their lives who had no idea what was about to hit them,” de Blasio said.

The Tuesday attack in Manhattan resulted in the deaths of at least eight people. Saipov used a rented truck to plow pedestrians down on a bicycle path alongside the Hudson River. After he mowed down pedestrians, Saipov jumped out of the car and screamed “Allahu Akbar.” He was brandishing what appeared to be firearms, but which turned out to be a paintball gun and a pellet gun. Police then shot him in the abdomen and took him into custody. Saipov is currently being treated at a local hospital for injuries and is expected to survive.

Police are not currently looking for any other suspects in the attack.

The FBI’s Joint Terrorism Task Force is at the head of the investigation.

Follow Jonah Bennett on Twitter

Send tips to [email protected].

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].


Source link



source https://capitalisthq.com/after-nyc-terror-attack-trump-says-isis-fighters-should-not-be-allowed-back-in-our-country/

U.S. trade panel set to recommend solar trade tariffs

U.S. trade panel set to recommend solar trade tariffs


FILE PHOTO: Solar electric panels on residential bulding in down town Los Angeles
FILE PHOTO: Solar electric panels are shown installed on the roof of the Hanover Olympic building, the first building to offer individual solar-powered net-zero apartments in Los Angeles, California, U.S., June 6, 2017. REUTERS/Mike Blake/File Photo

October 31, 2017

By Nichola Groom

(Reuters) – Federal trade officials on Tuesday will recommend measures to safeguard struggling domestic solar panel manufacturers against cheap imports in a closely watched case that could have a major impact on the price of U.S. solar power.

The vote by the U.S. International Trade Commission is a major milestone in a case that has divided the solar industry for the last six months. The panel’s proposals, which could include tariffs, a quota or other trade remedies, will be delivered to President Donald Trump, who will make a final decision later this year.

Trade remedies were requested earlier this year by two small U.S. manufacturers that say they are not able to compete with cheap panels made overseas, mainly in Asia.

But fears of steep new tariffs on imports have sparked widespread nervousness among solar developers and installers that have benefited from a 70 percent drop in the cost of solar since 2010. Many snapped up panels ahead of the ITC’s vote and warned that some projects may not be completed if the cost of panels rises too much.

The ITC made a preliminary finding on Sept. 22 that domestic solar manufacturers had been harmed by cheap imports after the complaint brought by bankrupt Georgia-based producer Suniva Inc in April.

Solar installation companies are hoping the commission will recommend a small tariff, or none at all.

“This tells you what’s going to land on the president’s desk, though there is a fair amount of unpredictability here given that the president has wide leeway and this president is pretty unpredictable in general,” said Shayle Kann, head of solar market research firm GTM Research.

Suniva filed the rare Section 201 petition nine days after seeking Chapter 11 bankruptcy protection. In the petition, the company said a global glut of panels has depressed prices and made it difficult for American producers to compete.

Suniva’s petition is opposed by the Solar Energy Industries Association, the sector’s primary trade organization.

Suniva is majority owned by Hong Kong-based Shunfeng International Clean Energy. It was joined in the petition by another domestic manufacturer, the U.S. division of Germany’s SolarWorld.

In documents filed last month, Suniva asked for a tariff of 25 cents per watt on solar cells and 32 cents per watt on panels. It is also seeking a minimum price on panels of 74 cents a watt, nearly double their current cost. SolarWorld has asked for an import quota.

(Reporting by Nichola Groom; Editing by Sue Horton and Dan Grebler)

Source link



source https://capitalisthq.com/u-s-trade-panel-set-to-recommend-solar-trade-tariffs/

Mystery ‘Professor’ Who Met With Trump Adviser Denies Allegation He Had ‘Dirt’ On Hillary

Mystery ‘Professor’ Who Met With Trump Adviser Denies Allegation He Had ‘Dirt’ On Hillary


The mysterious professor who former Trump campaign adviser George Papadopoulos claimed offered him “dirt” on Hillary Clinton last year is denying the allegations, calling them “incredible” and a “laughingstock.”

Joseph Mifsud, an honorary director of the London Academy of Diplomacy at the University of Stirling in Scotland, is acknowledging to The Telegraph (U.K.) that he is the professor referenced in court papers unsealed on Monday in the case against Papadopoulos.

Joseph Mifsud at Valdai Discussion Club event, May 2016. (Photo: Screenshot/Valdai Club/YouTube)

Joseph Mifsud at Valdai Discussion Club event, May 2016. (Photo: Screenshot/Valdai Club/YouTube)

The 30-year-old energy consultant pleaded guilty earlier this month to lying to the FBI during interviews in January and February about his contacts with a professor, a female Russian national and a person who described themselves as having contacts in Russia’s Ministry of Foreign Affairs. (RELATED: Trump Campaign Adviser Pled Guilty To Lying About Russian Contacts)

Papadopoulos was arrested at Dulles airport on July 27. He accepted a plea deal from Robert Mueller’s Office of the Special Counsel on Oct. 3. In the interim, Papadopoulos was working as a “proactive cooperator” for the FBI and Mueller’s team, which is conducting an expansive investigation of Russian interference in the presidential campaign. (RELATED: Trump Campaign Adviser May Have Been Wearing A Wire)

In a statement of offense for the case, Papadopoulos claimed that he met an unidentified professor on March 14, 2016 during a trip to Italy. That was eight days after Papadopoulos had been notified that he was being brought onto the Trump campaign as a volunteer foreign policy adviser.

George Papadopoulos (3rd L) appears in a photograph released on Donald Trump's social media accounts with a headline stating that the scene was of his campaign's national security meeting in Washington, D.C. on March 31, 2016 and published April 1, 2016. Social Media/Handout via REUTERS

George Papadopoulos (L) in meeting with campaign’s national security team in Washington, D.C. on March 31, 2016. (Handout via REUTERS)

Papadopoulos said that he continued meeting with the professor in London. He also says that the academic introduced him to a female Russian national who claimed to be a niece of Russian president Vladimir Putin’s. Later on, the professor introduced him to someone who claimed to be affiliated with Russian’s foreign ministry. That person has since been identified as Ivan Timofeev, a senior official with the Russian International Affairs Council (RIAC), a think tank backed by the Russian government. (RELATED: How Did George Papadopoulos End Up On The Trump Campaign?)

Papadopoulos also told investigators about an April 26, 2016 meeting he had with the professor in London. Papadopoulos told the FBI that the professor claimed to have recently returned from a meeting in Moscow with “high-level Russian government officials” where he was notified that the Russian government had “dirt” on Clinton in the form of “thousands” of her emails.

Papadopoulos sent an email the next day to a senior Trump campaign official, saying that he had “some interesting messages coming in from Moscow about a trip when the time is right.”

In an interview with The Telegraph, Mifsud acknowledged that he is the professor who met with Papadopoulos. But he is denying several key allegations made by the young campaign volunteer.

He said that the claim that he introduced Papadopoulos to a female Russian national was “a laughingstock.” A former official with Malta’s foreign ministry, Mifsud also denied having any connections to Russian government officials.

“I have a clear conscience,” Mifsud told The Telegraph.

Mifsud’s denial raises numerous questions. For one, Mifsud appears to be downplaying his associates with Russians. In addition to his affiliation with Timofeev and RIAC, he is a member of the Valdai Discussion Club, a Russia-based group that hosts forums with prior approval of Russian president Vladimir Putin.

But Papadopoulos himself has also made questionable claims, and not just in his initial interviews with the FBI.

On Tuesday, President Trump blasted Papadopoulos, saying that the “young, low level volunteer…had already proven to be a liar.”

On top of his false initial statements to the FBI, Papadopoulos misrepresented to the Trump campaign that he had met with the Russian ambassador to the United Kingdom. The statement says that Papadopoulos emailed a campaign supervisor and several other members of the campaign to say that he had met with the professor, the Russian female national, and the Russian ambassador to the U.K.

A footnote to the statement of offense says Papadopoulos was never introduced to the ambassador.

One element of the story that is beyond dispute is that Papadopoulos provided regular updates to Trump campaign officials about his interactions with Mifsud. Campaign emails referenced in the statement of offense show that some of those officials seemed open to Papadopoulos’ offers to arrange meetings between the Trump campaign and Russian government.

Sam Clovis, the campaign’s co-chairman and top policy adviser, provided some encouragement to Papadopoulos, the emails show.

According to the statement of offense, Papadopoulos emailed Clovis and other campaign officials on March 24, 2016, offering to “arrange a meeting between us and the Russian leadership to discuss U.S.-Russia ties under President Trump.”

Clovis responded that he would “work it through the campaign.” He did not commit to the meeting, but told Papadopoulos, “great work.”

Over the next few months, Papadopoulos emailed Clovis, then-campaign chairman Paul Manafort, and then-campaign manager Corey Lewandowski, offering to set up meetings between the campaign and Russians.

After Papadopoulos proposed an “off the record” meeting in an Aug. 15, 2016, email, Clovis responded that he “would encourage” Papadopoulos and another campaign adviser to “make the trip, if it is feasible.”

The statement of offense said that the proposed meeting did not take place.

While Democrats seized on Papadopoulos statement as evidence that the Trump campaign sought to collude with Russia, Republicans pushed back, saying that the statement did not establish that Papadopoulos told higher-level campaign officials about the “dirt” on Clinton. Republicans also noted that there is no evidence that the meetings Papadopoulos offered to arrange ever took place.

Follow Chuck on Twitter

Source link



source https://capitalisthq.com/mystery-professor-who-met-with-trump-adviser-denies-allegation-he-had-dirt-on-hillary/

Brexit minister says ‘basic’ EU deal likely even if trade talks fail

Brexit minister says ‘basic’ EU deal likely even if trade talks fail


An EU flag flies between the statue of Winston Churchill and a Union Flag flying from the Big Ben clock tower, during a Unite for Europe rally in Parliament Square, in central London
An EU flag flies between the statue of Winston Churchill and a Union Flag flying from the Big Ben clock tower, during a Unite for Europe rally in Parliament Square, in central London, Britain March 25, 2017. REUTERS/Paul Hackett

October 31, 2017

LONDON (Reuters) – Brexit minister David Davis said on Tuesday he believed Britain would agree some kind of basic deal with the European Union, even in the “very improbable” eventuality that they fail to agree a trade deal.

Davis told a parliamentary committee that even if Britain failed to strike a formal trade deal both sides were likely to have agreements in areas such as aviation that would allow planes to fly between Britain and the EU.

It is “not impossible, but very, very improbable” that Britain and the EU will fail to agree a Brexit deal, Davis told the lawmakers. “Whatever happens we will have a basic deal without the bits we really want,” he said.

(Reporting By Andrew MacAskill; Editing by Gareth Jones)

Source link



source https://capitalisthq.com/brexit-minister-says-basic-eu-deal-likely-even-if-trade-talks-fail/

Lewandoski: Manafort Was On Campaign In ‘Limited Capacity’ [VIDEO]

Under Armour slashes 2017 forecast, revenue falls

Under Armour slashes 2017 forecast, revenue falls


FILE PHOTO: A display for Under Armour merchandise is seen inside an athletic store in New York
FILE PHOTO: A display for Under Armour merchandise is seen inside an athletic store in New York, U.S., August 1, 2017. REUTERS/Shannon Stapleton/File Photo

October 31, 2017

(Reuters) – Under Armour Inc slashed 2017 sales and profit forecasts and reported its first year-on-year fall in revenue in the third quarter as it took an $85 million charge for restructuring and faced fierce competition from Nike <NKE.N> and Adidas <ADSGn.DE>.

Excluding certain items, earnings for the producer of Stephen Curry basketball shoes came in at 22 cents per share, beating analysts’ average estimate of 19 cents.

But shares in the company, which have already halved this year, fell another 13 percent to $14.3 in premarket trading. <UA.N> <UAA.N>

Under Armour said it expects a percentage rise for its full-year revenue in the low single-digits, compared to a previous forecast of growth of 9-11 percent.

The company also said it expected its 2017 adjusted earnings to be from 18 cents to 20 cents per share, compared to previous expectations of 37 cents to 40 cents.

It reported a 4 percent dip in revenue to $1.41 billion, its first decline in revenue since it floated in 2005. Analysts on average had expected $1.48 billion, according to Thomson Reuters I/B/E/S.

The company reported a net profit of $54.2 million, or 12 cents per Class C share, in the third quarter ended Sept. 30, compared with $128.2 million, or 29 cents, a year earlier.

That reflected the $85 million charge taken for restructuring plans announced in August.

(Reporting by Gayathree Ganesan in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source link



source https://capitalisthq.com/under-armour-slashes-2017-forecast-revenue-falls/

Breaking Sad! Bryan Cranston Tells Trump Haters, ‘F**k You’

Breaking Sad! Bryan Cranston Tells Trump Haters, ‘F**k You’


Bryan Cranston was critical of Donald Trump while he was running for president, but now that he’s been in the White House for a few months the “Breaking Bad” star is rooting for his success.

“President Trump is not the person who I wanted to be in that office, and I’ve been very open about that,” Cranston told The Hollywood Reporter in an interview published Monday. “That being said, he is the president.”

(Photo credit: REUTERS/Danny Moloshok)

Cranston is currently promoting his new post-war drama “Last Flag Flying” in which he plays Vietnam War veteran. But his interview with THR focused mostly on Trump, like many discussions with actors seem to these days.

“If he fails, the country is in jeopardy. It would be egotistical for anyone to say, ‘I hope he fails,’” Cranston pointed out. “To that person I would say, f**k you. Why would you want that? So you can be right?”

“I don’t want him to fail. I want him to succeed. I do. I honestly do,” Cranston continued.

He then called on people from both sides of the aisle to find common ground and stop playing what he calls “political football.”

“If you’ve got a good idea that helps the country, oh man, I’m gonna support you. I don’t care if you’re a Republican and I’m a Democrat or whatever, I don’t care. A good idea’s a good idea,” he said. “We’ve got to get away from this idea that our country is political football, and someone with a different opinion is the enemy. Assume they love this country as much as you do, and there’s always room for improvement.”


Source link



source https://capitalisthq.com/breaking-sad-bryan-cranston-tells-trump-haters-fk-you/

Monday 30 October 2017

Daily Beast: Wartime Consigliere Steve Bannon Thinks Trump’s Legal Team Is ‘Asleep at the …

Facebook says 126 million Americans may have seen Russia-linked political posts

Facebook says 126 million Americans may have seen Russia-linked political posts


A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration
A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration taken October 25, 2017. REUTERS/Dado Ruvic/Illustration

October 30, 2017

By David Ingram

WASHINGTON (Reuters) – Facebook Inc <FB.O> said on Monday that Russia-based operatives published about 80,000 posts on the social network over a two-year period in an effort to sway U.S. politics and that about 126 million Americans may have seen the posts during that time.

Facebook’s latest data on the Russia-linked posts – possibly reaching around half of the U.S. population of voting age – far exceeds the company’s previous disclosures. It was included in written testimony provided to U.S. lawmakers, and seen by Reuters, ahead of key hearings with social media and technology companies about Russian meddling in elections on Capitol Hill this week.

Twitter Inc <TWTR.N> separately has found 2,752 accounts linked to Russian operatives, a source familiar with the company’s written testimony said. That estimate is up from a tally of 201 accounts that Twitter reported in September.

Google, owned by Alphabet Inc <GOOGL.O>, said in a statement on Monday it had found $4,700 in Russia-linked ad spending during the 2016 U.S. election cycle, and that it would build a database of election ads.

Executives from Facebook, Twitter and Google are scheduled to appear before three congressional committees this week on alleged Russian attempts to spread misinformation in the months before and after the 2016 U.S. presidential election.

The Russian government has denied any attempts to sway the election, in which President Donald Trump, a Republican, defeated Democrat Hillary Clinton.

Facebook’s general counsel, Colin Stretch, said in the written testimony that the 80,000 posts from Russia’s Internet Research Agency were a tiny fraction of content on Facebook, equal to one out of 23,000 posts.

However, the posts violated Facebook’s terms of service, and any amount of such activity using fake accounts is too much, Stretch wrote.

“These actions run counter to Facebook’s mission of building community and everything we stand for. And we are determined to do everything we can to address this new threat,” he wrote.

The 80,000 posts were published between June 2015 and August 2017. Most of them focused on divisive social and political messages such as race relations, Facebook said.

Twitter’s revised estimate of how many Russia-linked accounts were on its service comes a month after an influential Democratic senator, Mark Warner, slammed it for what he called an insufficient investigation.

Twitter has suspended all 2,752 accounts that it tracked to Russia’s Internet Research Agency, and it has given U.S. congressional investigators the account names, the source familiar with the company’s testimony said.

“State-sanctioned manipulation of elections by sophisticated foreign actors is a new challenge for us – and one that we are determined to meet,” Twitter said in written testimony, according to the source.

(Reporting by David Ingram in Washington; Editing by Leslie Adler and Mary Milliken)

Source link



source https://capitalisthq.com/facebook-says-126-million-americans-may-have-seen-russia-linked-political-posts/

Manafort And Gates Plead NOT Guilty

Manafort And Gates Plead NOT Guilty


Politics

Photo of Henry Rodgers

2:24 PM 10/30/2017

Former Trump campaign manager Paul Manafort and his business parter Rick Gates pleaded not guilty to multiple federal charges including conspiracy against the United States in court Monday.

Manafort and Gates were indicted in a federal court on 12 counts, including conspiracy to launder money, conspiracy against the United States, and making false and misleading statements. The two believe they are innocent and pleaded not guilty in front of U.S. District Magistrate Judge Deborah Robinson Monday afternoon.

The conditions for the release for Manafort and Gates will be home detention with daily reporting to law enforcement. The two will also be forced to surrender their passports, CNBC reported.

The indictment related to the core of Mueller’s Russia probe, which began in May when the former FBI director was appointed special counsel, does not mention Trump’s name once. Mueller was appointed by Deputy Attorney General Rod Rosenstein to investigate Russian interference in the U.S. election, as well as any related issues, including possible collusion between the Trump campaign and Russian government.

Manafort turned himself in to the FBI field office in Washington, D.C., Monday morning.

Follow Henry Rodgers On Twitter

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].


Source link



source https://capitalisthq.com/manafort-and-gates-plead-not-guilty/

Wall Street extends loss after report of gradual tax cuts

Wall Street extends loss after report of gradual tax cuts


FILE PHOTO - Morning commuters are seen outside the New York Stock Exchange
FILE PHOTO – Morning commuters are seen outside the New York Stock Exchange, July 30, 2012. REUTERS/Brendan McDermid/File Photo

October 30, 2017

By Sruthi Shankar

(Reuters) – U.S. stocks extended losses in early afternoon trading on Monday after a report that the House of Representatives was discussing “a gradual phase-in” for President Donald Trump’s corporate tax cut plans.

The schedule would have the rate reach 20 percent in 2022, the Bloomberg report said. Under the plan, the rate may be reduced from its current 35 percent rate by three percentage points a year starting in 2018.

The details, which the agency said were still being discussed by Republican lawmakers, were reported previously by Reuters on Oct. 12, but investors have become more sensitive to any hints of a climbdown on tax cuts in the past two weeks.

Stocks dipped almost a third of a percent in the hour after the Bloomberg report.

“That headline just caused bit more weakness,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. “The optimism about tax reforms and how favorable it might be was very high.”

Investors appeared to shrug off charges against Paul Manafort, a former campaign manager of President Donald Trump, and one of his affiliates – the first in connection with a probe into possible Russian meddling in the 2016 U.S. presidential election.

Earlier in the session, the Nasdaq Composite hit a record high after Apple <AAPL.O> shares jumped on research notes pointing to strong demand for the iPhone X.

The healthcare sector was under pressure after Merck <MRK.N> dipped 6.13 percent, setting up the drugmaker for its biggest two-day decline on record, after the company said it had withdrawn an application for European use of its key cancer immunotherapy.

With the third-quarter earnings season more than half-way through, nearly 74 percent of the S&P 500 companies to report so far have topped profit expectations, compared with 72 percent overall the past four quarters.

Investors also awaited details of who will be nominated as the next Federal Reserve chief, expected on Thursday.

Trump is likely to pick Federal Reserve Governor Jerome Powell as the next chair of the U.S. central bank, replacing Janet Yellen, a source familiar with the matter said on Monday.

At 12:23 p.m. ET (1623 GMT), the Dow Jones Industrial Average <.DJI> was down 90.63 points, or 0.39 percent, at 23,343.56, the S&P 500 <.SPX> was down 11.71 points, or 0.45 percent, at 2,569.36 and the Nasdaq Composite <.IXIC> was down 21.10 points, or 0.31 percent, at 6,680.17.

Seven of the 11 major S&P indexes were lower, led by losses in healthcare <.SPXHC>, financials <.SPSY> and consumer staples <.SPLRCS> stocks.

Mondelez <MDLZ.O> fell 2 percent ahead of its earnings report, expected after the bell.

General Motors <GM.N> dipped 3 percent after Goldman Sachs downgraded the company’s stock to “sell” from “neutral”.

Advanced Micro Devices <AMD.O> slumped 8.15 percent after Morgan Stanley downgraded the stock to “underweight” from “equalweight”.

Declining issues outnumbered advancers on the NYSE by 1,707 to 1,146. On the Nasdaq, 1,942 issues fell and 872 advanced.

(Reporting by Sruthi Shankar; Editing by Saumyadeb Chakrabarty)

Source link



source https://capitalisthq.com/wall-street-extends-loss-after-report-of-gradual-tax-cuts/

Here’s The Indictment Against Paul Manafort And His Associate, Rick Gates

Here’s The Indictment Against Paul Manafort And His Associate, Rick Gates


Photo of Chuck Ross

9:14 AM 10/30/2017

Former Trump campaign chairman Paul Manafort and his business associate, Rick Gates, have been indicted in a federal court on 12 counts, including conspiracy to launder money, conspiracy against the United States, and making false and misleading statements.

Manafort turned himself in to the FBI field office in Washington on Monday morning.

Here is the indictment:

Manafort-gates Indictment Filed and Redacted by Chuck Ross on Scribd

Follow Chuck on Twitter


Source link



source https://capitalisthq.com/heres-the-indictment-against-paul-manafort-and-his-associate-rick-gates/

World stocks hit new high as Spain relief, tech rally boost European trading

World stocks hit new high as Spain relief, tech rally boost European trading


FILE PHOTO:Pedestrians leave and enter the London Stock Exchange in London
FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall/File Photo

October 30, 2017

By Helen Reid

LONDON (Reuters) – A strong rally in the technology sector helped drive global stocks to a record high on Monday, while a recovery in Spanish markets helped to lift European shares after an opinion poll smoothed investors’ concerns over Catalan secession.

MSCI’s world equity index <.MIWD00000PUS>, which tracks shares in 47 countries, rose 0.2 percent to its highest ever level. The index has surged 17.7 percent so far in 2017, and is on track for its best annual showing since 2013.

Euro zone stocks <.STOXXE> climbed 0.2 percent, holding near their highest level in 10 years. European stocks have rallied this year as a healthy economy dovetailed with convincing growth in corporate earnings and a reduction in political risk.

“There is an avalanche of things that are happening or going to happen, but markets are just shrugging it off. It’s like markets have been vaccinated against bad news thanks to the strength of the global business cycle,” said Marie Owens Thomsen, global head of economic research at Indosuez Wealth Management in Geneva.

Spanish stocks jumped 1.5 percent and government borrowing costs fell after a weekend survey suggested Catalan secessionists may lose their majority in regional elections scheduled for December.

Spain’s benchmark 10-year bond yield fell 2 basis points to 1.52 percent <ES10YT=TWEB>. Banks Caixabank <CABK.MC> and Sabadell <SABE.MC>, which moved their headquarters out of Catalonia due to the crisis, led gains on the IBEX <.IBEX>.

The broader market showed signs of relief, with euro zone banks <.SX7E> rising 0.7 percent, and Italian stocks – which have been sensitive to the Spanish crisis – up 0.4 percent.

Technology stocks also drove European trading, riding a wave of gains on the Nasdaq and in Asia after Apple <AAPL.O> said pre-orders for its new iPhone X were “off the charts”.

iPhone component suppliers AMS <AMS.S>, Dialog Semiconductor <DLGS.DE> and STMicro <.STM.MI> led gains.

Europe’s tech sector <.SX8P> has quietly boomed, and has outperformed the Nasdaq <.NDX> so far this year.

U.S. stock futures pointed to a slight pullback at the open after blistering tech-driven gains on Friday. Dow Jones Industrial and S&P 500 futures were down 0.2 percent, while the tech-heavy Nasdaq was set for a 0.1 percent dip. <1YMc1> <ESc1> <NQc1>

CENTRAL BANKS IN THE SPOTLIGHT

In a week of policy meetings by three major central banks, gold <XAU=> edged down 0.1 percent on investor caution.

The Bank of England is widely expected to raise rates on Thursday, reversing its monetary easing following Britain’s June 2016 vote to leave the European Union, but investors feared that the decision could create more volatility than the well-received stimulus extension by the European Central Bank last week.

“This coming week will see whether the BoE has also managed to steer markets in the right direction,” said Societe Generale analysts in a note.

Sterling <GBP=> rose 0.3 percent against the dollar as traders bid the currency higher on the expected rate rise.

Other major currencies kept to tight ranges as markets also awaited interest rate decisions by the Bank of Japan and the U.S. Federal Reserve.

The dollar <.DXY> fell 0.3 percent against a basket of currencies as investors focused on the impending appointment of the next Federal Reserve chair, with speculation rife that Fed governor Jerome Powell is the favored candidate.

An announcement is expected this week.

Relief over the situation in Spain helped the euro <EUR=> recover from a three-month low to trade up 0.3 percent at $1.1637. The ECB’s decision last week to extend bond purchases into September 2018 had sent the single currency sharply lower.

Oil markets firmed and energy stocks rose on expectations that an OPEC-led production cut due to expire next March would be extended.

Brent crude <LCOc1> held above $60 a barrel, near its highest since mid-2015, while U.S. West Texas Intermediate (WTI) crude futures <CLc1> were near an eight-month high. Europe’s oil and gas stocks <.SXEP> rose 0.6 percent, among top gainers.

In other commodities, copper <CMCU3> traded up 0.5 percent.

A surge in tech stocks helped MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> gain 0.4 percent overnight.

Apple’s results on Thursday could offer the next big catalyst for tech stocks’ seemingly unstoppable rise.

For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets

(Additional reporting by Sujata Rao; Editing by Gareth Jones)

Source link



source https://capitalisthq.com/world-stocks-hit-new-high-as-spain-relief-tech-rally-boost-european-trading/

Despite Strong Economic Numbers, Trump’s Approval Rating Remains Low

Despite Strong Economic Numbers, Trump’s Approval Rating Remains Low


Photo of Alex Pfeiffer

10:54 PM 10/29/2017

President Donald Trump remains below 40 percent approval in a key poll despite strong economic growth.

An NBC/Wall Street Journal poll released Sunday showed that 38 percent of Americans approve of Trump’s job performance.

The poll results come after the Commerce Department released figures showing the U.S. economy growing at a higher rate than expected and continued record stock market performances. White House press secretary Sarah Sanders frequently points at economic indicators to prove the Trump presidency is a success.

“The stock market is up. Unemployment is down. Jobs are back. And ISIS is on the run. America is winning, and that’s what we like to talk about,” Sanders said during a June press briefing.

However, Americans still aren’t fans of the Trump presidency.

The NBC/WSJ poll found that 58 percent of Americans disapprove of his job performance. Among Republicans, 81 percent approve, while just 7 percent of Democrats are supportive of Trump’s performance in office, and 34 percent of independents approve.

“This is his worst showing of his young presidency so far,” Democratic pollster Fred Yang said. The same NBC/WSJ poll had Barack Obama at 51 percent approval during the fall of his first year in office.

The poll found that Americans generally support Trump’s handling of the economy and hurricanes in Florida and Texas.

However, a plurality disapproved of his handling of the role of commander-in-chief, the situation in North Korea, the mass shooting in Las Vegas, NFL protests, the hurricane in Puerto Rico, health care and the Iran nuclear agreement.

The poll was conducted between Oct. 23 and Oct. 26 and is of 900 adults. The margin of error is 3.3 percent.


Source link



source https://capitalisthq.com/despite-strong-economic-numbers-trumps-approval-rating-remains-low/

Sunday 29 October 2017

Saudi Arabian Airlines resumes flying to Iraq after 27 years

Saudi Arabian Airlines resumes flying to Iraq after 27 years


A Saudia plane lands at Rafik al-Hariri airport in Beirut
FILE PHOTO: A Saudia, also known as Saudi Arabian Airlines, plane lands at Rafik al-Hariri airport in Beirut, Lebanon June 29, 2017. REUTERS/Jamal Saidi

October 30, 2017

DUBAI (Reuters) – State-owned Saudi Arabian Airlines said it will start flying regularly to Iraq on Monday after a 27-year halt, state news agency SPA said.

The carrier’s director general, Saleh bin Nasser al-Jasser, will accompany reporters and passengers on the first flight to depart from the Saudi city of Jeddah to Baghdad, SPA said late on Sunday.

There have been no flights between Saudi Arabia and Iraq since former Iraqi President Saddam Hussein invaded neighboring Kuwait in 1990.

Saudi Arabia and the United Arab Emirates are both wooing Baghdad in an effort to halt the growing regional influence of arch-foe Iran.

In August the two countries said they planned to open the Arar land border crossing for trade for the first time since 1990.

That announcement followed a decision by the Saudi cabinet this month to set up a joint trade commission with Iraq.

Saudi Arabian budget airline Flynas was the first Saudi airline to fly to Iraq in more than 25 years.

(Reporting by Mostafa Hashem in Cairo; Writing by Rania El Gamal; Editing by Clarence Fernandez)

Source link



source https://capitalisthq.com/saudi-arabian-airlines-resumes-flying-to-iraq-after-27-years/

Trump Loyalist Roger Stone Will Take His War With Twitter To Court

Trump Loyalist Roger Stone Will Take His War With Twitter To Court


Photo of Betsy Rothstein

4:42 PM 10/29/2017

President Trump whisperer Roger Stone says he’ll march into court and sue Twitter after the platform booted him for taunting a couple of CNN anchors.

Keep in mind, lawsuits can be mind-bleeding trying endeavors.

Social media troll Charles Johnson, who was bounced off Twitter in 2015, planned to sue a man who had accused the infamous ginger of being a child molester on Twitter. For years now, he has been pursuing litigation against the now defunct Gawker for implying that he pooped on the floor in college (he’s still pursuing this lawsuit to the tune of $1.5 million).

But this is Roger Stone. And Stone has fans lurking in weird places.

“I have a friend, Roger Stone, I hope he’s okay,” former New Mexico Gov. Bill Richardson told MSNBC anchor Thomas Roberts Sunday afternoon. “He’s a good friend.”

Roberts informed Richardson that Twitter had banned Stone this weekend.

Richard wore a tired, blank expression on the Twitter news — like who would care who was banned from Twitter?

Still, Stone cares. He doesn’t want to be silenced. And he’s planning to sue. He told TheWrap that he has obtained “one of the best” telecommunications lawyers in the country and plans to take legal action against Twitter for infringing on his first amendment rights.

“To be clear my criticism of Don Lemon had nothing to do with Mueller’s leaked indictments but rather than his nonsensical claim that the Clinton’s have been cleared in the Uranium One scandal,” Stone told The Mirror by text. “It’s funny people on twitter threaten to kill me, my wife , my children and even my dogs, but they are not banned.”

On Saturday night, Stone unleashed an expletive-laden rant against CNN’s Don Lemon (a “covsucker’) and Jake Tapper (“#Fakenewsasswipe”). The tirade blew in after news erupted that arrests in Special Prosecutor Robert Mueller‘s Russia probe were looming. Also in Stone’s tarantula’s web of anger were CNN’s Ana Navarro, a longtime Stone enemy, NYT‘s Charles Blow (“fake news piece of shit,”) WaPo‘s Carl Bernstein (roughly a senseless liar) and The Weekly Standard‘s Bill Kristol (whose a little bloated for Stone’s taste these days).

Here’s what Twitter had to say to Stone about his suspension.

 

 

 

 

 

 

 

 

 

Stone said Twitter had only banned him for three hours and 12 minutes.

But that deadline came and went and Stone’s account is still dead.

Or “suspended” as it says when you try to open his feed.


Source link



source https://capitalisthq.com/trump-loyalist-roger-stone-will-take-his-war-with-twitter-to-court/

Flood of Chinese capital seen shaking up aviation finance

Flood of Chinese capital seen shaking up aviation finance


People visit the Asian Business Aviation Conference and Exhibition (ABACE) at Hongqiao International Airport in Shanghai
People visit the Asian Business Aviation Conference and Exhibition (ABACE) at Hongqiao International Airport in Shanghai, China April 10, 2017. Picture taken April 10, 2017. REUTERS/Aly Song

October 29, 2017

By Anshuman Daga and Tim Hepher

HONG KONG/PARIS (Reuters) – A flood of low-cost Chinese funding is shaking up the global aircraft leasing market, with Chinese capital now accounting for 28 percent of the $261 billion deployed by leasing firms worldwide, a study suggested on Monday.

That is up from 5 percent nine years ago.

The influx of more than $70 billion to the leasing industry from Chinese banks and other investors over the past decade is helping airlines expand their fleets. But it is also curbing returns to be made by traditional players in a sector fast emerging as a significant new asset class.

“In the last cycle (2003-2008), lease rates went up significantly whereas in this cycle they haven’t. That’s partly because there are more people looking for the same deals,” said Rob Morris, global head of consultancy at Flightglobal Ascend.

Record interest from China, the world’s fastest-growing aviation market, will be evident in meetings of 1,500 financiers in Hong Kong at two major conferences this week.

For years, some experts have warned that record production by Airbus <AIR.PA> and Boeing <BA.N> and over-ordering by some airlines would burst a demand ‘bubble’ for jetliners.

But Morris sees a greater long-term threat from the supply side as new investors pour money into aviation. He predicts much of that capital is in the industry to stay, pressuring rivals.

In a study coinciding with the Airline Economics conference, Flightglobal Ascend said Chinese capital will account for over a third of the aircraft leasing industry within five years.

Many such investors are willing to accept lower returns and that is a warning sign for other players, Morris said.

“If this money is resetting the rules, you have to learn to play by the new rules or you lose the game.”

Some market veterans disagree, saying new money will retreat as quickly as it arrived when the market turns lower, making it hard for inexperienced players to redeploy unwanted jets.

So far signs are that the market is holding up, although there has been turbulence in the market for some long-haul jets.

Recent bankruptcies of Air Berlin and Monarch Airlines in Europe angered passengers but the aircraft were absorbed relatively quickly due to high demand, bankers say.

Another key test will be expected interest rate rises and a rollback in stimulus from central banks who have pumped money into the economy, a chunk of which found its way into aviation.

Historically, aircraft investors sought double-digit returns and many now have to settle for mid-to-high single figures, Morris told Reuters.

“Those figures may be acceptable in a low-interest-rate environment, but as interest rates start to increase can people start to increase their returns? That may not be possible”.

The U.S. Federal Reserve has raised rates twice this year and is widely expected to do so again in December.

(Editing by Susan Fenton)

Source link



source https://capitalisthq.com/flood-of-chinese-capital-seen-shaking-up-aviation-finance/

Ginsburg Vows To Stay On SCOTUS As Long As She Can

Ginsburg Vows To Stay On SCOTUS As Long As She Can


Politics

Photo of Kevin Daley

3:04 PM 10/29/2017

Supreme Court Justice Ruth Bader Ginsburg said Friday that she has no plans to retire any time soon.

“My answer is as long as I can do the job full steam, I will do it,” Ginsburg, 84, told a friendly audience at an Equal Justice Works conference in Arlington, Va.

“I used to have an answer, it worked for a lot of years,” she added. “It was Justice Brandeis — when he was appointed he was the same age as I was, 60. And he stayed for 23 years, so I expect to stay at least as long. Well, now I’ve passed Brandeis, I’ve passed Frankfurter.”

Justice Louis Brandeis, the Court’s first Jewish justice, was appointed in 1916 by President Woodrow Wilson. He served until 1939. Justice Felix Frankfurter, another Jewish justice and leading conservative foil to his liberal Warren Court contemporaries, served from 1939 to 1962.

The chances of a Ginsburg retirement during the current administration are low. In a break with tradition that has little precedent in the modern era, Ginsburg disparaged then-Republican nominee Donald Trump in candid interviews with CNN and The New York Times. Though the justice later apologized for the remarks, she revived their general theme in September 2017, telling Charlie Rose of CBS News that sexism played a role in Trump’s victory.

Follow Kevin on Twitter

Send tips to [email protected].

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].


Source link



source https://capitalisthq.com/ginsburg-vows-to-stay-on-scotus-as-long-as-she-can/