Hillary Clinton on Friday defended her 2016 campaign strategy after 2020 Democratic presidential contender Pete Buttigieg criticized his party’s previous nominee for being too hopeful and not understanding the struggles of everyday Americans.
“I really do believe that we always have to appeal to our better selves because the wolf is at the door, my friends,” Clinton said during an appearance at the 10th Annual Women in the World New York Summit. “Negativity, despair, anxiety, resentment, anger, prejudice, that’s part of human nature and the job of the leader is to appeal to us to be more than we can be on our own, to join hands in common effort.”
“I was well aware that we had problems that we had to solve, but it’s been my experience that anger, resent, prejudice are not strategies,” the former first lady, secretary of state and senator from New York added. “They stop people from thinking. They don’t enlist people in the common effort to try to find solutions.”
Buttigieg, the mayor of South Bend, Ind., told the Washington Post in a profile published January that President Trump connected with the concerns of ordinary Americans in a way Clinton did not.
“Donald Trump got elected because, in his twisted way, he pointed out the huge troubles in our economy and our democracy,” he said. “At least he didn’t go around saying that America was already great, like Hillary did.”
A senior Clinton adviser blasted Buttigieg’s comments last month via Twitter as “indefensible.”
“[Hillary Clinton] ran on a belief in this country & the most progressive platform in modern political history. Trump ran on pessimism, racism, false promises, & vitriol. Interpret that how you want, but there are 66,000,000 people who disagree. Good luck,” Nick Merrill tweeted.
“It’s pretty simple. Slam HRC…lose my vote,” and another who chimed in: “It is unfortunate when people as smart as @PeteButtigieg engage in this fantasy fiction about 2016. And as a gay American it is disappointing because @HillaryClinton ran a campaign which amongst its many values championed our community,” Merrill also wrote.
Chevron agreed to pay $33 billion for Anadarko Petroleum on Friday, broadening its access to the largest oil region in the continental U.S. as President Trump pushes the country to produce enough fuel to meet its own energy needs.
The deal, which offers Anadarko investors $65 a share in cash and stock, expands Chevron’s oil production in the Permian Basin, the oil-rich swath of land in western Texas and southeastern New Mexico that’s 250 miles wide and about 300 miles long, as well as deepwater drilling in the Gulf of Mexico.
“We intend to accelerate activity in Anadarko’s Permian acreage,” Chevron CEO Michael Wirth, who hopes to complete the deal by the end of this year, told investors on Friday. “Getting more out of the Permian sooner is an important value driver.”
For the San Ramon, Calif.-based company, which already controlled 2.2 million acres in the region and is adding 589,000 with the transaction, the driver isn’t “getting bigger in the Permian, it’s about getting better,” Wirth said. That includes the the area’s Delaware Basin, where Anadarko has operations.
Late last year, the U.S. Geological Survey identified an estimated 46 billion barrels of oil in two formations in the Delaware Basin, a development that left then-Interior Secretary Ryan Zinke confident “that American energy dominance is within our grasp.”
The U.S. is the world’s largest oil producer, outpacing both Russia and Saudi Arabia, thanks largely to technological advances that let producers extract oil from shale formations.
Achieving energy independence was one of Trump’s signature campaign promises in 2016, a commitment based on concern that U.S. reliance on oil imports left the country more vulnerable and cost American jobs.
“We’re ending the theft of American prosperity and rebuilding our beloved country,” Trump said when he signed an executive order prompting energy independence just two months after taking office. “We will unlock job-producing natural gas, oil and shale energy.”
Anadarko climbed 33 percent to $62.20 after the sale was announced Friday. Chevron, which has a market value of $232.9 billion, has climbed 10 percent this year to $119.76.
Comedian Ian Cognito died during a stand-up act in which he joked about dying on stage and then fell silent while the audience continued laughing, thinking it was a joke.
“Imagine if I died in front of you lot here,” Cognito, 60, joked on stage during his set Thursday. Andrew Bird, who runs the Lone Wolf Comedy Club in Bicester England, told the BBC: “Everyone in the crowd, me included, thought he was joking. Even when I walked on stage and touched his arm I was expecting him to say ‘boo’.”
Audience members were mortified when they learned that had been chuckling at a man dying. “We came out feeling really sick, we just sat there for five minutes watching him, laughing at him,” said audience member John Ostojak. He added: “Only 10 minutes before he sat down he joked about having a stroke He said, ‘Imagine having a stroke and waking up speaking Welsh?'”
Fellow comedians extended their sympathies on Twitter after hearing the news of Cognito’s death, but commented that his demise was in some ways fitting.
“Died with his boots on. That’s commitment to comedy. I’ll never forget his kindness when I started out & how god damn funny he was,” said comedian Jimmy Carr.
Veteran stand-up comedian Ian Cognito has died on-stage – literally. The audience thought it was part of the act. Died with his boots on. That’s commitment to comedy. I’ll never forget his kindness when I started out & how god damn funny he was.
— Jimmy Carr (@jimmycarr) April 12, 2019
Comedian Mark Steel said Cognito had “expired in his natural home” and was “a difficult awkward hilarious troubled brilliant sort, a proper comic.”
Bird said that dying on stage would have been the way Cognito “would have wanted to go,” adding: “Except he’d want more money and a bigger venue”
There is a comedic tradition of dying on stage. In 1984, comedian Tommy Cooper suffered a heart attack in the middle of his set on live television.His assistants and viewers back home thought he was making a joke as he slumped over and then writhed on the ground.
Cognito, whose real name was Paul Barbieri, had been performing since the mid-1980s. He won the Time Out Award for Stand-up Comedy in 1999 but never really hit the big time.
Acting Defense Secretary Patrick Shanahan told reporters Friday the Pentagon stands ready to dispatch more troops to the border region if President Trump follows through with his pledge to increase the military presence along the U.S.-Mexico boundary.
Trump said after touring a section of recently upgraded border fencing in Calexico, Calif., last week, “We’re going to bring up some more military” to deal with what he said were more than 70,000 illegal migrants rushing the border.
Shanahan said the Pentagon has had conversations with the Department of Homeland Security but has yet to receive a formal request.
“It shouldn’t come as a surprise that we’ll provide more support to the border,” he said in response to a reporter’s question as he prepared to meet with German Defense Minister Ursula von der Leyen. “Our support is very elastic, and given the deterioration there at the border, you would expect that we would provide more support.” Shanahan said he anticipates the support will be similar to what the military has already provided with several thousand troops, barrier construction, transport, and surveillance.
Shanahan will meet with a planning team at the Pentagon over the weekend to prepare for the potential request, he said.
“It will follow up with where are we on barrier construction, where do we stand on troops deployed, and then in the areas we anticipate, what type of preliminary plans should we be doing prior to receiving a request for assistance,” he said.
Democrats have been highly critical of the deployment of active-duty troops to the border, and many have cited a leaked internal memo the Marine Corps commandant sent to the Navy secretary warning that unexpected expenses, such as hurricane damage and border operations, could force him to cancel routine training and degrade combat readiness.
But in Senate testimony this week, Gen. Robert Neller insisted his memo was being misconstrued. “To say that going to the border was degrading our readiness is not an accurate statement,” Neller told the Senate Armed Services Committee Tuesday.
Neller’s March 18 memo listed eight categories of unfunded and unexpected expenses. Hurricane recovery was at the top of the list, but a number of expenses were included, such as the raise for civilian employees, which was not in the budget.
“We have a shortfall of just under $300 million, of which the border mission is less than 2 percent,” Neller said. “So my intent was to just simply lay out for my boss what these were and ask for support in trying to figure out how we might fund them.”
Pressed by Sen. Elizabeth Warren, D-Mass., Neller conceded some Marines, who are not doing the jobs they would normally do, could see a small degradation in their unit readiness, but he said it depended on the unit.
“Some of the units have gone down there and they’ve done tasks that are more in line with their core mission. Like engineer units or MP units. Aviation units that were assigned to that early on have actually improved their readiness because they are able to fly certain profiles and things,” he testified.
Neller reports to his civilian boss, Navy Secretary Richard V. Spencer, who requested the memo and jumped to Neller’s defense at the hearing.
“The main stress that we were dealing with at the time, senator, was the hurricane, which was imposing the greatest cost on the Marine Corps,” Spencer told Warren. “Five hundred men for a month at the southern border is $1.25 million. In my mind, is that affecting my readiness stress? No, it’s not.”
Neller said so far border operations have cost the Marine Corps $6.2 million.
FILE PHOTO: NFL Football – Super Bowl LIII – New England Patriots v Los Angeles Rams – Mercedes-Benz Stadium, Atlanta, Georgia, U.S. – February 3, 2019. New England Patriots owner Robert Kraft celebrates with the Vince Lombardi Trophy after winning Super Bowl LIII. REUTERS/Mike Segar/File Photo
April 12, 2019
(Reuters) – A lawyer for New England Patriots owner Robert Kraft on Friday asked a Florida judge not to make public a video that led to the billionaire being charged in a prostitution sting at a massage parlor, calling the evidence “basically pornography.”
Media companies including ABC and ESPN clashed with Kraft’s defenders, saying the judge would violate Florida’s public records laws by suppressing the video of Kraft receiving sexual services at the Orchids of Asia Day Spa in Jupiter, Florida.
The owner of one of the National Football League’s most successful franchises and winner of this year’s Super Bowl was one of hundreds of people charged in February after an investigation unveiled widespread trafficking of young women at Florida day spas and massage parlors.
The 77-year-old billionaire businessman has pleaded not guilty to two misdemeanor charges of soliciting sex and requested a jury trial in March.
William Burck, Kraft’s attorney, argued in Palm Beach County Court that surveillance footage from the spa should not be released to the media because it would violate Kraft’s privacy rights, compromise his right to a fair trial, and interfere in an active criminal investigation.
“It’s basically pornography,” Burck told Judge Leonard Hanser. “There’s no interest in actually seeing the video unless you have a prurient interest in seeing the video.”
Kraft’s attorneys filed a motion to suppress the video in March, further suggesting that police did not have a valid search warrant to collect the video as evidence.
Dana McElroy, an attorney representing the media outlets, argued that sealing the video would violate the state’s public records law.
Kraft apologized for his actions in a written statement issued last month.
(Reporting by Gabriella Borter in New York; Editing by Scott Malone and Bill Berkrot)
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 11, 2019. REUTERS/Staff
April 12, 2019
By Susan Mathew
(Reuters) – European shares finished higher for a third straight day on Friday, with investor sentiment getting a boost from JP Morgan setting a strong start to U.S. earnings and amid signs of stabilization in China’s economy.
The pan-European STOXX 600 index closed up 0.16 percent, but ended the week lower after two weeks of gains. Banks and the auto sector were the biggest boosts to the benchmark on the day.
Italy’s MIB led gains in the region with its 0.8 percent rise, having hit an eight-month high earlier the session, while German shares closed up 0.5 percent.
Data showed that China’s exports rebounded to a five-month high in March, but imports shrank for a fourth straight month and at a faster pace, painting a mixed picture of the economy.
“The markets seems to have shaken off the negative aspects of the Chinese trade data, but it’s a minor rise at the end of a fairly limp week,” said Connor Campbell, an analyst at Spreadex.
Banks got a boost after shares of the largest U.S. bank by assets rose after the company beat quarterly profit estimates, easing fears that slowing economic growth could weigh on its results.
Regional lenders, such as StanChart, Deutsche Bank, BNP Paribas and Credit Suisse rallied, taking the European bank index up 1.9 percent to a five-month high.
HSBC was among the biggest driver of gains on the pan-region benchmark. The firm said it so far moved only a “tiny” number of jobs to Paris in order to deal with Brexit..
Italy’s biggest bank, UniCredit rose more than 4 percent even after it said is one of the banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, when financial crises dragged down banks and several European economies.
The auto sector followed suit with car-makers such BMW, Daimler and Fiat Chrysler gaining more than 2.2 percent each.
Amid warnings that proposed U.S. automotive tariffs could do more damage to global growth than the ongoing U.S.-China trade dispute, BAML analysts point to a lack of action out of the U.S. on threatened auto tariffs.
“In our view, the reluctance to move forward is because actually imposing auto tariffs would be both deeply unpopular and a major shock to the equity markets.”
Basic resources stocks also gained with iron ore and copper prices on the rise. Rio Tinto and Glencore were among top boosts to Britain’s blue-chip index higher.
Airbus gained as its new chief executive, Guillaume Faury, imposed a simplified management structure and a manifesto for factory modernization.
GN Store Nord rose 7.8 percent after the Danish audio-maker raised financial guidance. Medical technology supplier Carl Zeiss climbed 6.6 percent on strong full-year guidance.
Swiss train and carriage manufacturer Stadler Rail jumped 13.4 percent after its debut on the SIX Swiss Exchange.
On the other hand, London-based online trading platform Plus500 tumbled 31.2 percent as revenue for the first quarter dropped to around a fifth of last year’s, hurt by a fall in trading volumes.
(This story has been refilled to correct country of index in paragraph 3 to say Italy’s MIB, not Spain’s MIB)
(Reporting by Medha Singh and Agamoni Ghosh and Susan Mathew in Bengaluru, editing by Larry King)
A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. REUTERS/File Photos
April 12, 2019
By Matt Scuffham
NEW YORK (Reuters) – JPMorgan Chase & Co’s better-than-expected first-quarter earnings raised expectations that rival Wall Street lenders would follow suit when they report next week, pushing most bank stocks higher on Friday.
Shares in JPMorgan jumped as much as 4.7 percent in morning trading, touching a more than four-month high before paring some gains.
Morgan Stanley shares were up 3.8 percent and Bank of America Corp rose 2.8 percent. Goldman Sachs Group Inc and Citigroup shares both climbed 2 percent.
JPMorgan is the largest U.S. bank by assets and a bellwether for the U.S economy and financial sector. It reported strong results across its businesses, with Chief Executive Jamie Dimon citing solid U.S. economic growth, moderate inflation and robust consumer and business confidence.
Even a 10 percent fall in JPMorgan’s trading revenue from a year earlier was viewed as boding well for others, since analysts had been bracing for a bigger drop in fixed-income and equities trading.
“JPMorgan had a positive read-across for trading results in the quarter,” said KBW analyst Brian Kleinhanzl. “We believe FICC (fixed income, commodities and currencies) trading should be a positive read-across to Goldman Sachs and Morgan Stanley.”
Bank stock investors appeared to zero in on JPMorgan and ignore Wells Fargo & Co, the other big bank that reported on Friday.
Wells Fargo reported higher first-quarter earnings but lowered its forecast for net interest income this year, a move that sent its shares tumbling as much as 3 percent.
U.S. bank stocks had underperformed in recent months as economists and investors fixated on a flattening yield curve, normally the precursor to a recession. Bank executives have downplayed those concerns, pointing to continuing loan growth in the first quarter of 2019.
Since the start of December, the S&P 500 financial sector is up 0.3 percent, while the overall S&P 500 is up 5 percent. The S&P 500 banks index fell 2.5 percent over the same period. Brushing aside global economic concerns such as Brexit and U.S.-China trade tensions, JPMorgan’s Dimon said the U.S. economy “continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong.”
(Reporting by Matt Scuffham; Editing by Neal Templin and Meredith Mazzilli)
House Speaker Nancy Pelosi said Friday she is trying to get in touch with Rep. Ilhan Omar to discuss her latest attention-getting tweet about the Sept. 11 terrorist attacks that has drawn new backlash to the freshman Minnesota Democrat.
“I haven’t had the opportunity to speak with her,” Pelosi, D-Calif., said Friday when asked about Omar’s tweet, which has attracted strong criticism. “We tried to reach her, she was in transit.”
Pelosi said she wants to speak to Omar about her tweet questioning then-President George W. Bush’s New York City address to rescue workers at Ground Zero, days after the worst terror attack in American history, in which he declared “The people who knocked down there towers will hear all of us soon.”
Omar tweeted “Was Bush downplaying the terrorist attack? What if he was a Muslim,” under the Bush quote delivered at Ground Zero.
The tweet quickly drew criticism and came just a day after Omar was the subject of a New York Post cover depicting the flaming twin towers and the lawmaker’s comments before a Muslim advocacy group that “some people did something,” on Sept. 11, 2001. The commentwas widely seen as downplaying the significant and horror of a tragedy that claimed nearly 3,000 lives. Omar claimed in the aftermoth of 9/11 Muslim civil liberties had suffered.
Pelosi has yet to comment on Omar’s recent comments and tweets, but plans to respond at some point, she said.
“As is my custom with my colleagues, I call them in before I call them out,” Pelosi said. “I’ll have some comment after I do speak to her.”
FILE PHOTO: Portugal’s Finance Minister and Eurogroup President Mario Centeno attends a eurozone finance ministers meeting in Brussels, Belgium February 11, 2019. REUTERS/Francois Lenoir/File Photo
April 12, 2019
By Jan Strupczewski
WASHINGTON (Reuters) – Europe must raise the international profile of its euro currency to protect itself from the domination of a “weaponised” U.S. dollar and help stabilize the international monetary system, the chairman of euro zone finance ministers Mario Centeno said.
“Washington’s inclination to use the dollar as a tool to complement the effect of economic sanctions and serve a narrow domestic agenda is a source of concern,” Centeno told the Reinventing Bretton Woods Committee in Washington on Friday.
“The foundations of the international monetary system are wobbling, as currencies are used to advance national interests that are narrowly defined. For some observers, the system in which the dollar holds a dominant and unrivalled position is on the cusp of reformation,” he said in a speech.
The European Union started thinking about increasing the role of the euro last year after U.S. President Donald Trump decided to abandon the 2015 deal under which international sanctions on Iran were lifted in return for Tehran accepting curbs on its nuclear program.
The U.S. move, though unilateral, means European companies also cannot trade with Iran, fearing they would be cut off from U.S. markets and the international payments system in retaliation.
Centeno said the world could be heading toward a multi-currency system in which the dollar would vie for dominance with others, notably the euro and the Chinese renminbi.
He said such a multi-polar currency system could improve the functioning of the international monetary system and would be less prone to the economic fluctuations of the dominant dollar by offering options to diversify currency reserves.
The euro is used in around 36 percent of international payments, just behind the dollar with almost 40 percent, but when it comes to foreign exchange trading 44 percent is in dollars but only 16 percent in euros, Centeno said.
The favorite for currency reserves is the dollar with a 62 percent share of global reserves, while the euro has a 20 percent share.
“In Europe there is a growing concern that we are exposed to the risk that the power of the dominant dollar can be used against our best interests. The obvious consequence of ‘America First’ is that others will come second, at best,” Centeno said.
“The feeling is that we can only rely on ourselves and our currency. And this is behind repeated calls to strengthen the international role of the euro,” he said.
Centeno noted however, that to achieve a stronger role, the euro zone needed to tackle many tough issues about the design of the single currency.
He said the 19 countries sharing the euro had to first complete their banking union, by agreeing on a European deposit insurance system and setting up a capital markets union.
Other needs include a budget for the euro zone, under discussion now, and creating a euro zone safe asset – a debt instrument backed by all euro zone countries – with a sufficiently deep and liquid market, an idea that now faces very strong opposition from several key euro zone countries.
(Reporting By Jan Strupczewski; Editing by Andrea Ricci)
Japanese Finance Minster Taro Aso leaves the G-20 Finance Ministers and Central Bank Governors’ meeting at the IMF and World Bank’s 2019 Annual Spring Meetings, in Washington, April 12, 2019. REUTERS/James Lawler Duggan
April 12, 2019
WASHINGTON (Reuters) – Global policymakers worry that weakness in key economies could spread and cause the world economy to slow more than expected, Japanese Finance Minister Taro Aso said on Friday.
“The balance of risks remains skewed to the downside,” Aso said in a news conference following a meeting of finance ministers and central bankers from the Group of 20 industrialized countries.
“We recognize the risk that growth prospects might deteriorate if weakening in key economies feed into each other.”
(Reporting by David Lawder and Leika Kihara; Writing by Jason Lange; Editing by Paul Simao)