Saturday, 4 Apr 2020

European Economics Preview: Eurozone Final PMI, Retail Sales Data Due

Gingrich compares House Dems' impeachment inquiry to Salem witch trials: 'There is nothing here'

Furthermore, on Saturday, MSNBC's weekend host Joy Reid told her viewers on "AM Joy" not to "worry about trying to explain the cast of characters… or the very overused term, 'quid pro quo.'"

"Most people can’t say it, spell it or understand it," Reid continued. "What we’re actually talking about here is not a pithy Latin phrase. It’s something a lot simpler: bribery and extortion."

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Gingrich reacted to the media coverage saying, “What you have is a coup being orchestrated by left-wingers in the bureaucracy, left-wingers in the news media and left-wingers in the House Democrats, and, historically, it’ll be seen someday as being crazy, literally like the Salem witch trial."

He said mainstream media figures and Democrats appear to have coordinated on changing their allegations against Trump from a "quid pro quo" to "extortion." Democrats have accused Trump of withholding military aid to Ukraine unless the investigation of the Bidens took place.

Fox News’ Andrew O’Reilly contributed to this report.

Bull trend strengthens: S&P 500 sustains breakout amid market rotation

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Technically speaking, the U.S. benchmarks’ already-bullish bigger-picture backdrop continues to strengthen.

On a headline basis, each big three benchmark has staged a decisive November breakout — confirming its uptrend — and has since flatlined, signaling still muted selling pressure amid healthy market rotation.

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GZERO VIDEO: China's nationwide social credit scoring system

NEW YORK (GZERO MEDIA) – China is poised to roll out a nationwide social credit scoring system by next year.

American foreign policy expert Ian Bremmer talks about how people’s actions and behaviour will be tracked, logged and scored – to discourage what authorities consider anti-social behaviour.

This video is made available to The Straits Times under a partnership with GZERO Media, a subsidiary of the Eurasia Group.

Happy Hour At Starbucks On Nov. 14

To celebrate the start of holiday season, coffee retail giant Starbucks Corp. (SBUX) is offering a Happy Hour deal on Thursday, November 14.

On November 14 from 2-7 p.m., Starbucks customers can buy one, get one free on any handcrafted beverage, including holiday beverages, size grande or larger.

Starbucks is also offering new 6-pack of reusable hot cups in trendy ombre shades of red and pink. The cups are festively designed with sayings, “Coffee,” “Hand Warmer,” “Coffee All the Way,” “Festive Cup,” “Merry Coffee” and “Roasty and Toasty.”

Starbucks is also offering customers a new 5-pack of reusable cold cups available in classic holiday hues, with mix-and-match colorful candy cane striped straws and holiday sayings like, “Merry Coffee,” “Cold As Ice,” “Coffee All The Way,” “Magic Cool,” and “Seasonal Shine.”

Last week, Starbucks offered customers who order a holiday beverage at participating Starbucks stores in the United States and Canada a free limited-edition reusable red cup. The 2019 reusable red cup design had the words “Merry Coffee” dancing on an iconic holiday red background.

European Economics Preview: Eurozone Final PMI, Retail Sales Data Due

Final composite Purchasing Managers’ survey and retail sales data from euro area and factory orders from Germany are due on Wednesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany’s factory orders figures. Orders are forecast to rise 0.5 percent on month in September, reversing a 0.6 percent drop in August.

At 3.00 am ET, Spain’s INE releases industrial output report for September. Economists forecast industrial output to grow 1.6 percent on year after rising 1.7 percent in August.

In the meantime, industrial output and foreign trade from Czech Republic and retail sales from Hungary are due. Production is expected to advance 4.5 percent annually in September, reversing a 3.8 percent fall in August.

At 3.45 am ET, IHS Markit releases Italy’s composite PMI for October. Economists forecast the index to fall to 50.2 from 50.6 in September.

Thereafter final PMI reports are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 3.55 am ET, Iceland’s central bank announces its rate decision.

At 5.00 am ET, Eurostat is slated to issue euro area retail sales for September. Sales are forecast to remain flat after rising 0.3 percent in August.

At 8.00 am ET, interest rate announcements from Poland and Romania are due. Poland is expected to hold rate at 1.50 percent and Romania to maintain its key rate at 2.50 percent.

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