READ THIS FIRST - 04/30/2019

Before the News I want to shout out to the City Cuts Barbershop of Kutztown, PA.  126 West Main Street Rear, Kutztown, PA 19530..  Barber and Basketball coach Jonathan Escueta noticed the kids he coached were having trouble communicating. He noticed they had their faces in their phones at all times and it was hurting their vocabulary and communication ability.  So, he PAYS young kids $3 if they read a book while they are getting their hair cut.  Parents say their kids are getting better grades and becoming better people.  Personally, I think it's partly the books and partly coaches showing interest and caring. Anyways, you have the address.  If you feel like sending a few books that kids aged 5-18 might read in a barber chair, join the rest of us.. (and NO, TJ. Don’t sent Playboys)

I QUIT!!! Deputy Attorney General Rod Rosenstein has resigned. This is not much of a story because Rosenstein wanted to resign when the Mueller investigation ended.  He agreed to stay on longer to help AG Barr through the end of the Muller investigation and formal report to the American People and Congress.  How long until he is pushing his “new Tell All Book”???  .. Over in Japan, Emperor Akihito, 85, is abdicating the throne due to declining health. He is the first emperor to abdicate in 200 years.  His son Crown Prince Naruhito will take over next week.  The Emperor no longer has any real power and is a ceremonial position....  Prosecutors in Massachusetts are suing the Federal Government trying to stop them from having ICE agents arrest Illegal Immigrants in courthouses.  It is sickening to me how these people who are supposed to be enforcing the laws of the land are unlawfully siding with illegal immigrants rather than the US Government...and they keep saying they are helping “immigrants” ..they never want to say illegal immigrant, which is what they are.  Legal Immigrants should be treated like every other American. Illegal immigrants should be forced to go through the same Immigration process as the Legal Immigrants did, or be deported. Easy Peasy Lemon Squeezy.. Your Friendly Neighborhood Socialist, Bernie Sanders, thinks it is the job of the Government to tell Disney that they should take their Avengers money and give their workers a big raise. What happens next year when their big movie is a flop?? Do they give everyone a pay CUT?  Government is the PROBLEM, Bernie, not the answer. ..and..Its with great sadness that I tell you about a fire in Ashdown Forest, Sussex, England .. No Idea what that is?  Yes, you do. Ashdown Forest is where A.A. Milne used to go..and used for his book.  Ashdown Forest is “The Hundred Acre Wood” from “Winnie-the Pooh”..what a disaster. Fortunately, its a Forest.  It will grow back.. if they let it..  (Quick Aside about Forests.  Did you know that when viewed from a satellite that the Earth is far greener than it was 25 years ago?  Noticed by a researcher, then investigated, it seems China recognized their lack of trees, crops and vegetables in the 1990's and went on a Giant planting spree and now, LOOK THAT THEM!!.. India was also responsible for the increase, to a lesser degree.  You don't read about things like this in the paper on on normal internet sites because its "positive" and people cannot fight about it) .. ... and a Get Well to Long TIme News/ Talk Show guy Larry King.  King had a heart attack yesterday and is recovering. "Reports" say he is not doing well.  "His People" say he is doing fine...  SPORTS:  NHL: Dallas loses 4-3 to St Louis and the Blues lead series 2-1...  NBA  Philadelphia beats Toronto 94-89 and ties the series at 1-1.... Denver beats Portland 121-113 and leads series 1-0..  GOLF: This week is the Wells Fargo at Quail Hollow. Tiger won’t play which means he will play ZERO events between his Masters win and the next major, The PGA at Bethpage... and I want you to write this name down, “Tyree Jackson”..He didn't start growing until the 9th grade.. He ended up playing at the University of Buffalo.  He was on several teams depth charts for rounds 3-7.  He went un-drafted and was signed by the Buffalo Bills.  6 Foot 7 inches tall with a little control issue (54% completion ratio.. but that might have been bad receivers )  I got a feeling you’re gonna see a lot of him one day..  .. CELEBRIDIOTS:  R.I.P. to John Singleton.  The director of Boyz n the Hood and other things dead at 51 after a stroke.. For all you fans of Salt-N-Peppa out there.. Salt is now a Single Woman after 28 years of marriage.  So, call her up and ask her to explain what they meant by, "Push it! .. Push it REAL good" .. Britney Spears is telling us all not to worry.  She posted, "Don't believe everything you hear or read"  that she "just needed some time to deal with family issues and will be back performing soon".  Uhh.. OK... I wasn't coming to your show, anyway. But, I am glad you're better.. and....You know those women that other women all hate? The ones that eat ice cream and pizza and never gain weight?? . ..At first you think its jealousy.. but the reality is that it really isNOT fair..  I mean.. THIS GIRL has had TWO, count ‘em, TWO kids..is always drinking Pina Coladas out of a pineapple.. and still looks like this HERE .. For all you women out there that have to work out like animals to stay fit..and are hoping an alligator comes out of the bushes and eats her.. I feel for you..and I am WITH you.. Now, put on your LULULemon yoga pants and get to Starbucks to complain about Paulina!!!!  Then his the Pilates studio!!!  Ill pick you up at 3:00.

From SeekingAlpha.com

Confirming its full year guidance, General Electric (NYSE:GE) shares are up 7.3% premarket after reporting a more than three-fold rise in quarterly profit to $954M, helped by higher sales in its aviation, oil and gas, and healthcare units. It's big news for the prior conglomerate, which is working to turn around and simplify its businesses. Apple (NASDAQ:AAPL) will report earnings after the market close and investors are hoping the tech giant managed to reverse its iPhone slowdown. Services revenue - which could represent about 20% of Apple's sales - is also a big figure to watch, as well as the growth rate of devices like the Apple Watch and HomePod.

Futures steady after fresh highs

U.S. stock index futures are pointing to a muted open for a second consecutive session despite a jump in U.S. consumer spending seen Monday that propelled U.S. shares to a record high. The S&P 500 topped its intraday record of 2,940.91 set on Sept. 21 with a session high of 2,949.52. Investor jitters have calmed since the beginning of the year as the U.S. Federal Reserve turned dovish. Traders will see the next stage in that process today as the central bank begins its next two-day meeting.

U.S.-China trade talks resume

The Shanghai Composite closed up 0.5% overnight despite another disappointing read on Chinese manufacturing, with the Caixin/Markit factory PMI for April falling to 50.2, lower than the March figure of 50.8. Boosting sentiment appears to be the next round of U.S.-China trade talks in Beijing. Enforcement mechanisms are "close to done," according to U.S. Treasury Secretary Steven Mnuchin, and the two sides hope to seal a deal by early May.

Eurozone economy rebounds

Preliminary growth data from the eurozone showed the economy grew 0.4% in the first quarter, up from 0.2% in Q4 of 2018 and up from a 0.1% figure for the third quarter. As anticipated, the Italian economy stopped contracting during the period, emerging from recession after two quarters of declining gross domestic product. Will the positive numbers continue? Investors are still trying to assess how much trade tensions and a slump in manufacturing will weigh on the region, with the ECB becoming alarmed enough in Q1 to hold out the prospect of more stimulus.

Tesla aims to revamp solar business

Losing its status as the nation's leading rooftop solar company last year, Tesla (NASDAQ:TSLA) will announce plans today to begin selling solar panels and related equipment for up to 38% below the national average price, NYTreports. This will be achieved by standardizing systems and requiring customers to order them online. Homeowners will also photograph electric meters and send the images to the company, reducing the need for site visits.

Trump sues Deutsche Bank, Capital One

Escalating his showdown with Democratic lawmakers, President Trump is suing to block Deutsche Bank (NYSE:DB) and Capital One (NYSE:COF) from complying with congressional subpoenas targeting his bank records. The legal maneuver follows reports from last week that the German bank had started the process of giving documents related to loans made to Trump and his businesses to the New York state attorney general, who is conducting her own probe. Deutsche Bank, which lent Trump some $340M, has been a primary target of the House Financial Services Committee, led by Representative Maxine Waters.

Security flaws in Huawei equipment

Vodafone (NASDAQ:VOD) has acknowledged to Bloomberg that it found hidden backdoors going back years with equipment supplied by Huawei for the carrier's Italian business. While the company said the issues were resolved, the revelation may further damage the reputation of Huawei as the U.S. seeks to ban the Chinese firm from building 5G telecom networks across the West. Bad news for Huawei has generally been seen by investors as an opportunity for Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC).

Profit slump for Samsung Electronics

The world's largest smartphone and memory chip maker reported a 57% decline in first-quarter net income, which fell to 5.04T South Korean won ($4.4B) and missed analysts' recently reduced estimates. Despite the weakest profit in more than two years, Samsung Electronics (OTC:SSNLF) forecast improved second-half results. A postponed rollout of its Galaxy Fold - which was hoped to spark a mobile division turnaround - weighed on results, as well as decreased demand for memory chips.

More overnight earnings

BP (NYSE:BP) rose nearly 1% premarket after its underlying replacement cost profit, used as a proxy for net profit, came in at $2.4B, versus the $2.3B expected by analysts. Santander (NYSE:SAN) dipped 0.6% as net profit fell 10% to €1.84B amid restructuring costs in the U.K. and Poland, asset sales and disposals. Meanwhile, Airbus (OTCPK:EADSY) slipped 1% in Paris as the planemaker stuck to full-year financial targets after reporting a rise in Q1 core earnings that was overshadowed by charges related to a German ban on Saudi defense exports.

What else is happening...

Google ad revenue grows at slowest pace since 2015, sending Alphabet (GOOGGOOGL) shares tumbling.

Iran vows to keep exporting crude oil despite U.S. pressure.

The Fed is exploring another version of "quantitative easing."

Boeing (NYSE:BA) CEO keeps job intact after facing questions on 737 MAX crashes.

Seven straight days of gains for Pinterest (NYSE:PINS) since its IPO.

'Boomers Are Facing A Financial Crisis' writes contributor Lance Roberts in a new SA article.

Netflix (NASDAQ:NFLXinks a deal for Thai cave boy rescue mini-series.

New CEO at Vale (NYSE:VALE) as the miner attempts to draw a line under its dam collapse.

Erdogan says Lockheed (NYSE:LMT) F-35 project would collapse without Turkey.

IPO markets look frothy as Chewy.com (CHWY) and WeWork (VWORK) become next to file.

Monday's Key Earnings

Alphabet (NASDAQ:GOOG) -7.3% AH on ad revenue slowdown. MGM Resorts (NYSE:MGM) -3% AH following an EPS miss. NXP Semiconductors (NASDAQ:NXPI) +1.1% AH amid upbeat forward guidance. Restaurant Brands (NYSE:QSR) -1.4% after revenue came up short. Transocean (NYSE:RIG) +0.2% AH posting improved sales, backlog. Western Digital (NASDAQ:WDC) -4.5% AH on EPS miss, weak revenue mix.

Today's Markets 

In Asia, Japan closed. Hong Kong -0.7%. China +0.5%. India -0.1%.  In Europe, at midday, London -0.2%. Paris -0.2%. Frankfurt flat.  Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +1.3% to $64.35. Gold +0.4% to $1286.90. Bitcoin +1.1% to $5199.  Ten-year Treasury Yield flat at 2.53%

Today's Economic Calendar

FOMC meeting begins 8:30 Employment Cost Index 8:55 Redbook Chain Store Sales 9:00 S&P Corelogic Case-Shiller Home Price Index 9:45 Chicago PMI 10:00 Consumer Confidence 10:00 Pending Home Sales 3:00 PM Farm Prices

Regards,

Roger “Raj”  Searing rajsearing@gmail.com

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