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Under pressure, Fed faces an outlook clouded by trade wars and signs of weakness

WASHINGTON ( ) – U.S. President Donald Trump’s attacks on the Federal Reserve have broken one set of precedents, his talk of stacking the central bank with political allies has strained another, and his on-again off-again tariff threats have made the economic outlook harder than ever to predict.

While the Fed may well find reason to cut interest rates in recent weak job and inflation readings, doing so could also put a safety net under Trump policies that, to the eyes of many policymakers, have to date done more harm than good.

“There is a kind of feed the beast aspect to it,” said former Fed vice chair Alan Blinder. “Among the many things the Fed has to take as given is trade policy. And if in fact trade policy is going to push the economy into a slump, that is a reason to cut interest rates … If the Fed comes in to bail him out you encourage bad behavior.”

Fed Chair Jerome Powell and other officials insist they can only consider what is happening in the economy and the appropriate policy response, and not try to second guess what the administration does or might do.

Trump on Monday renewed his attacks on the Fed, claiming that central bank policy put him at a disadvantage in his trade negotiations with China because that country, with closer political control of its central bank, could devalue its currency or use other tools to offset the tariffs Trump has imposed on Chinese imports.

“Our Fed is very destructive to us… They haven’t listened to me,” Trump said in a CNBC interview. “They’re not my people.”

In fact, Trump elevated Powell to the Fed leadership and appointed three of the other four sitting Fed governors.

Trump has for a year berated the Fed for raising rates and other policy steps that Fed officials say are the best way for keeping the recovery under way. That broke a roughly 30-year run of presidents largely staying away from specific policy recommendations for the Fed, even if they were sometimes generically critical of the central bank.

Earlier this year, Trump threatened a fuller assault by considering the appointment of two highly partisan political allies to the central bank, straying from a tradition of more technocratic appointments.

The surprise announcement in early May of higher tariffs on China and a threatened imposition of levies on Mexican imports added to the minefield the Fed must now navigate.

Though Trump in the end chose not to impose the tariffs on Mexico, the prospect of using an economic lever for the non-economic end of border control showed how in the Trump era policy could shift abruptly for central bankers who try to keep their focus on medium- and longer-term outcomes.

“We take all kinds of things…into account,” St. Louis Fed President James Bullard said last week before Trump called off the Mexican tariffs. “There are some good policies in there. There may be some bad policies in there. But we have to take everything into account.”

NOT IN A BOX

Recent economic data are already complicating the Fed’s job. Policymakers have expected the economy to slow, but also regarded the likely slowing as modest, and not enough to warrant a rate cut.

The story shifted after Trump’s latest trade war salvo.

“I don’t feel backed into a box,” to cut rates, Dallas Federal Reserve bank president Robert Kaplan said last week. But “in the month of April I might have said … I was a little more optimistic that the outlook was firming, and today I will tell you I am more cognizant of risks to the downside. That is a pretty big change in a relatively short amount of time.”

Whether it is enough for the Fed to put a rate cut squarely on the table will become clearer next week. Fed officials will hold their policy meeting on Tuesday and Wednesday, and issue updated rate projections. They will also have to decide whether to maintain their “patient” approach to changing rates from the current range of between 2.25% and 2.5%, or drop that description in a sign that they are open to a move sooner rather than later.

Weak inflation readings like those in a New York Fed report on Monday have already led Bullard to say that a rate reduction was “warranted.” [nL2N23H0PS]

Analysts and markets, though, are split.

Bond markets have been aggressive in pricing in lower rates later this year, and U.S. stocks have rallied hard in the past week on optimism that a rate cut looked more likely, especially after last week’s weak jobs report. Economists at Goldman Sachs and elsewhere, meanwhile, have discounted any pressure from Trump and argue the economic outlook does not yet warrant a rate cut.

Rolling with the punches from political Washington is nothing new. Former Fed chair Ben Bernanke complained when congressional spending caps reduced economic growth just as the U.S. recovery was getting traction and the eurozone was threatening to crack apart.

This problem here is different, though, with the Fed both under political pressure and less certain, week to week, what actions of the White House they may have to take into account.

After years in which U.S. central bankers bemoaned being “th上海夜生活e only game in town” influencing the economy, they may now be nostalgic for those simpler times.

“The Fed has had too much on its plate for a long time,” said Boston College economics professor Peter Ireland. “Powell was taking pains to say ‘trade is trade’ and that is not our business. But he has gotten sucked into it.”

Land & Buildings may seek board seats at Taubman Centers in 2020

NEW YORK ( ) – Activist investment firm Land & Buildings on Tuesday warned that it may seek board seats at shopping mall operator Taubman Centers Inc next year unless performance improves.

Jonathan Litt, who runs the firm and is known for pushing for change at real estate companies, wrote to fellow Taubman shareholders, telling them that he plans to “take any action that we deem necessary to hold this Board and Bobby Taubman accountable.”

Unless there is “meaningful progress in the coming months,” Litt wrote that he plans to wage a proxy contest and nominate directors next year.

Specifically Litt wants Taubman Centers to sell assets in Asia and sell or spin-off “Jewel Box” assets which include properties like the Mall at Short Hills in New Jersey.

Shares in the company, whose market capitalization is roughly $2.6 billion, have fallen 26% in the last 52 weeks as consumer appetites have shifted more to buying online.

“Their best defense against a proxy contest in 2020 is to drive m上海夜生活论坛aterial outperformance by maximizing value for all shareholders,” Litt wrote in the letter.

Litt, whose firm had roughly $577 million in regulatory assets at the end of last year, has been pushing for changes at Taubman since 2016 and won a board seat two years later.

He wrote that he did not stand for re-election this year because “it was clear that the Company did not intend to re-nominate me,” and because he feels that one independent director was not enough to push for the changes he feels are needed.

Next year however shareholders will have a chance to cast ballots on all directors including Chairman, President and Chief Executive Officer Bobby Taubman. “All directors and specifically, Bobby Taubman, can be held accountable by shareholders for the Company’s atrocious absolute and relative performance for the first time since 2017 at the 2020 Annual Meeting,” the letter said.

News of Litt’s plans was first reported by Bloomberg.

Russia’s top banks plot temporary sanctions workaround: sources

MOSCOW ( ) – Leading Russian banks are working on plans to help each other retain at least short-term access to the global financial system in the event that they are hit by fresh U.S. sanctions, sources familiar with the matter told .

Sberbank, VTB, Gazprombank and others are examining how they can provide each other with access to U.S. dollars or other major foreign currencies by using so-called correspondent accounts, the sources said.

Banks access financial services in different jurisdictions and provide cross-border payment services to customers in various currencies through correspondent banking relationships.

The new scheme, which banks started to draft with Russia’s finance ministry and the central bank last year, would be unlikely to work indefinitely but could help avoid a panic if one or several big banks are cut off from dollar transactions.

U.S. lawmakers last year drafted a sanctions bill which proposed cutting off some of Russia’s top banks from the U.S. dollar system, mentioning Sberbank, VTB, Gazprombank, Russian Agriculture Bank, Promsvyazbank, VEB and Bank of Moscow.

This did not come into force and recently another was proposed, without mentioning any specific banks.

But Russian banks still fear they could come under sanctions and so have begun to draft a contingency plan.

“Each important bank has a step-by step plan on what should be done in a given situation. The first month is set out day by day, if not hour by hour,” a senior financial official said.

The central bank and Gazprombank declined to comment. The finance ministry, Sberbank, VTB, Promsvyazbank, VEB and Russian Agriculture Bank did not reply to requests for comment.

The two biggest threats to the banking sector in Russia are being cut off from the SWIFT banking messaging system and losing access to foreign currency, which they usually get from U.S. banks via correspondent accounts.

In the event of being shut out of SWIFT, Russia already has its own system, which it is upgrading.

And for foreign currencies there are a number of options, said the sources, who include a high-ranking state banker, a well-placed industry official, an executive with a large bank and an individual in a foreign bank.

TEMPORARY FIX

The main option relies on at least one major Russian bank avoiding sanctions and being able to retain access to foreign currencies via correspondent accounts with major overseas banks.

Other Russian banks would then set up or upgrade existing correspondent accounts with that bank to shift currency around.

Publicly available documents show VTB has correspondent accounts with Sberbank and VEB, while Russian Agriculture Bank has accounts with VEB, VTB, Gazprombank, Sberbank and a number of other Russian banks.

VEB has such accounts with Sberbank and Gazprombank.

Sberbank, VTB, VEB, Gazprombank and Russian Agriculture Bank have correspondent accounts with the central bank as well.

However the bulk of these accounts are denominated in rubles, with only a handful in U.S. dollars and euros.

“This would (them) allow to move the dollars between themselves bypassing a correspondent account,” the source at a foreign bank said, adding that in order for the back-up to work one bank in the chain would need to have a U.S. dollar correspondent account with a U.S. bank as there would still be a need to make external settlements, necessitating a bridge.

Correspondent accounts would complicate tracking currency transfers between the banks, making them harder for overseas authorities to spot, a former central bank official said.

Such an arrangement would represent a “temporary solution” which might last for three or four months and buy the banks time to find an alternative, while also reassuring customers.

And a spike in currency transactions by the banks which had not been sanctioned and were dealing with the foreign correspondent bank would likely arous上海夜生活e suspicions.

Other options include the central bank providing forex currency to a ‘clean bank’ which in turn would then distribute it to peers via correspondent accounts, sources said.

Alternatively a sanctioned bank could use correspondent accounts directly with the central bank although that would raise the risk of the central bank itself being hit with sanctions and therefore, is unlikely, the sources said.

French growth seen firming as impact of protests wanes: INSEE

PARIS ( ) – French quarterly growth will firm in the first half the year as consumer spending benefits from improving household incomes and recovering business confidence after protests at the end of last year, the INSEE statistics agency said on Tuesday.

The euro zone’s second-biggest economy is set to post growth of 0.4 percent in both the first and second quarters, up from 0.3 percent in the final three months of last year, INSEE forecast in its quarterly economic outlook.

The economy would have grown 0.4 percent at the end of last year as well if it were not for the impact of the yellow vest anti-government unrest, which INSEE estimated at 0.1 percentage point.

Protests in December saw some of the worst street violence in Paris in decades with rioters rampaging through upmarket neighborhoods, smashing store windows and burning cars.

With the exception of a flare-up last weekend, the violence has largely subsided since President Emmanuel Macron offered concessions in December worth more than 10 billion euros ($11.3 billion) in a package intended to boost the incomes of the poorest workers and pensioners.

INSEE said higher incomes would help consumer spending rebound 0.5 percent in the first quarter after flatlining at the end of last year in the face of the unrest, which forced many stores in central Paris to be boarded up during the peak holiday shopping period.

Business investment was also expected to recover in the first half of the year as confidence firmed albeit not to rates seen before a slowdown at the end of last year.

INSEE saw a limited impact to the French economy from Britain’s departure from the European Union, in theory still planned for the end of the month.

It estimated an orderly Brexit would knock a cumulative 0.3 percent off French growth over several quarters, while the impact could be as much as 0.6 perce上海夜生活论坛nt if London failed to reach a Brexit deal with the EU and tariffs were raised.

That was much less than impact INSEE estimated for Ireland (-1.4 to -4.1 percent) and Germany (-0.5 percent to -0.9 percent), as both countries are closer trade partners with Britain that France.

Herrera lauds Sanchez’ workload

The Chilean’s debut for the Red Devils left a lot of people impressed, but one of his team-mates was struck by a different aspect of Sanchez’ game.

Manchester United midfielder Ander Herrera has revealed how intrigued he was by the Chilean’s tireless work ethics in the Red Devils 4-0 FA Cup win over Yeovil on Friday.

Sanchez took part in the hosts two opening goals and created a lot of chances for his team-mates, but it was another thing that caught Herrera’s eyes during the game.

– Yeah, amazing. He has played very good, but what I really like from him is the way he fights when he loses the ball. – the midfielder told MUTV.Opinion: Solskjaer needs patience from Manchester United Tomás Pavel Ibarra Meda – As we enter into one of the most complicated moments for Solskjaer, we believe Manchester United needs to be patient with him.Ole Gunnar Solskjaer…

– He is always ready to be the first defender of the team. That’s going to be very important for us.

– Of course, we know his quality. He is going to be amazing for us but the way his first, the way he defends I really like it.

When it comes to United’s goals this season and their look on the FA Cup, Herrera added:

– We have won the FA Cup two seasons ago and last season we won three trophies, so this club is about titles, and we are not going to give 上海夜网any competition away, we are going to fight for everything.

Guardiola admitted that he didn’t expect his City to play like that

Pep Guardiola, the Manchester City coach, admitted that he is surprised by his side’s form and performances just like everybody else and he didn’t expect this thing to happen before the season has started.

Manchester City managed to win 16 Premier League matches in a row (which is the new record) and in total, they won 17 out of their first 18 league matches of the season. Guardiola’s career best is 20 wins in a row with Bayern Munich and he is about to improve even this record if he will continue like that – but he previously insisted that this record is meaningless if they will not win a trophy.

The former Bayern Munich and Barcelona coach spoke about his feelings about this successful run as he said, according to Goal: “No [I did not expect this], I don’t know [what a good points total would have been]. I’m glad to be where we are. I would have liked to be here at the beginning of the season, but I didn’t expect it. I repeat this is not normal. This is not a situation I am used to.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He admitted that he expected the at least a few losses will come: “I expect to lose games and drop more points, but I am glad. We are going to fight to continue to be unbeaten. That is going to happen, we will be beaten. But we are going to fight to be unbeaten.”

In the end, Pep Guardiola insisted that he is certain that they will drop points at some point: “There is no doubt about it because of the way we pla上海夜网y at Leicester, the way we play against Tottenham and Swansea, the players showed me they are still hungry to win another game. We will drop points and then after that, we will see how we react.”

Wenger vs Mourinho

Jose Mourinho accused Arsenal manager Arsene Wenger of lying about Alexandre Lacazette’s fitness before the showdown between the Gunners and Manchester United last weekend

The Red Devils coach claimed the Frenchman wasn’t honest about his striker’s fitness, and Wenger felt like he had to hit back.

It was France international Alexandre Lacazette who wasn’t supposed to feature against United on Saturday, as Wenger had previously stated he wasn’t in the right condition to play. Not only has he played, the striker managed to score.

As the former Lyon star’s presence put pressure on Mourinho’s men, he accused Pep Guardiola of being similarly dishonest when the Manchester City coach said David Silva isn’t ready to play on Sunday.

The Manchester United manager took his shot at Wenger and Guardiola during a press conference,上海夜生活论坛 when assessing his injured players after their 2-1 Champions League victory over CSKA Moscow on Tuesday.Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

“The truth is Eric Bailly, no chance for the weekend, Phil Jones a chance, [Marouane] Fellaini a chance, Zlatan [Ibrahimovic] a big chance and [Nemanja] Matic is injured but will play for sure. [Michael] Carrick no chance,” Mourinho said.

“I’m telling the truth, he’s injured but will play for sure. No stories of Lacazette or David Silva. All the truth.”

Once Wenger heard what the Portuguese coach had to say, he couldn’t not comment on the issue, and he replied to Mourinho’s claims during a news conference ahead of Arsenal’s Europa League game against BATE.

“I though he wouldn’t play, yes, but in the end, he could play. What did you want me to do, to leave him at home?” the Frenchman replied.

“I’m always honest and I thought really he wouldn’t play. He had a test on Friday morning and we were not sure he would play. After he tried, and he played. That’s part of football,” Wenger said.

Preview: Barcelona – Sporting

Sporting’s only chance to qualify from Group D is a win in Barcelona today, coupled with a favorable result in the other match of the group between Olympiakos and Juventus (1x).

Flashscore presents the key facts before the match:

Sporting Lisbon face a 1,250km trip to Barcelona and face a mammoth task in their final group game in this Champions League (CL) campaign. Sporting must win here to stand any chance of qualification from the group. But for them to beat a Barcelona side away from home, who are unbeaten domestically and in the CL so far, whilst also relying on Olympiakos to do a job on Juventus – may be too big of an ask.

Barcelona have already qualified from the group having gained 11 points from their first five fixtures, but do not be mistaken in thinking that they’ll take their foot off of the gas for this one. Ernesto Valverde’s Barcelona have won nine of their last ten at the Nou Camp, and their last defeat in any competition, home or away, was against their rivals Real Madrid in the Spanish Super Cup.

To add more misery to Sporting’s chances, Barcelona have scored three goals in each of their home group games so far (3-0 vs Juventus, 3-1 vs Olympiakos). Furthermore, they remain unbeaten here in the CL since all the way back in September 2013 – a remarkable 23 CL home games.

Jorge Jesus’ Sporting side have not won in Spain in 11 attempts, drawing three and losing the remaining eight games, and m上海夜网ost recently to Real Madrid last season. Meanwhile, Barcelona are unbeaten vs Portuguese teams in their last 15 games, winning 12 and drawing three – with their last defeat to a Portuguese side being back in ‘87/’88!Niko Kovac urges Bayern Munich to remain ‘humble’ Andrew Smyth – Niko Kovac has called on Bayern Munich to stay focused and humble after thrashing Tottenham 7-2 in the Champions League.

Barcelona have managed five clean sheets in their last six CL outings, yet Sporting have scored 27 goals in their last ten away games, which is just short of three goals per game. The last meeting between the two at the Camp Nou ended with a Barca win and both teams finding the net (3-1).

Lionel Messi is on the brink of making history, he is now just three goals away from his century of CL goals, and he will surely be looking to take the match ball home after the game.

Missing players

Barcelona: O. Dembele (muscle injury), J. Mascherano (muscle injury), Rafinha (knee injury), S. Umtiti (muscle injury), A. Iniesta (doubtful), A. Turan (doubtful)

Sporting: J. Silva (knee injury), S. Doumbia (doubtful).

Bonucci expecting a Milan victory in Serie A derby

The Italian is grateful for his time with the Nerazzurri, but hopes to come out as a victor after the clash between Inter and AC Milan.

Leonardo Bonucci has looked back on his spell with Inter Milan ahead of the Serie A derby on Sunday. The Italy international completed a shocking move during the summer as he swapped the Nerezzurri with the Rossoneri in a record €40m deal.

Even though Bonucci is thankful for his great time at Inter, he is expecting a win for his new club AC Milan despite a rather shaky start of the season.

“I arrived when I was 17 years old and had two splendid years in their youth academy, where I really improved a lot,” Bonucci told Tencent Sports.

“They are a good side with some great individual talents and chose an important coach in Luciano Spalletti.

“We’ll have to be very wary and give our best. I would take Antonio Candreva and Eder off the Inter squad, as they are my Italy team-mates and they’re two really great guys.Ernesto Valverde praises Lionel Messi’s “fantastic” impact Andrew Smyth – Ernesto Valverde praised a not fully-fit Lionel Messi’s impact as Barcelona came from behind to beat Inter Milan 2-1 on Wednesday.

“I predict a Milan victory, but I won’t tell you [by] how much.”

The Italian also shared a few words regarding his choice to join the Rossoneri, stating that the new challenge at San Siro is what brought him to AC Milan.

“This stadium is the history of football, the most important arena in Italy. Stepping into San Siro always has an effect on you,

“The Rossoneri project is what pushed me to choose this great challenge. I knew there would be difficulties, but I accepted it because I wanted to challenge myself again.

“The objective is to set no limitations in Serie A or the Europa League. Qua上海夜生活网lification for the Champions League must be the minimum target, as Milan have to play in that tournament every year.”

Real Madrid monitor Tottenham duo

Real Madrid are keeping tabs on two of Tottenham’s best players, Dele Alli and Harry Kane.

Los Blancos tried to sign Kylian Mbappe last summer and make him their galactico transfer, in an era when Florentino Perez chose to focus on younger players. But their plans have been ruined by PSG, who stepped in and made a superior offer, managing to attract the young French forward to Parc des Princes eventually.

However, Perez is aware that his club need some big name signings if they are to keep their status and continue to challenge for both La Liga and Champions League. For this reason, Real Madrid remain true to their strategy of looking at some of the best young players in the world and will try to sign the two best players of Tottenham, according to Marca.Donny van de Beek rules out January switch to Real Madrid Andrew Smyth – Donny van de Beek has ruled out a January move to Real Madrid as he plans to see out the remainder of the 2019/20 campaign with Ajax.

Harry Kane (24) and Dele Alli (21) are two players who have proved their ability at the highest level, despite their young age. Both of them have played vital roles in Tottenham’s Premier League title challenge in the past two seasons.

Real Madrid will have the chance to see the two players in action up close in their upcoming Champions League clash with Tottenham. Los Blancos will have to cope with a striker that scored 14 goals in 10 matches this season and with an attacking midfielder that played a vital role in creating上海夜生活论坛 most of his team’s chances.

However, any endeavour to sign the two players will be very very difficult. Florentino Perez already knows how hard it is to negotiate with Daniel Levy from the transfer of Gareth Bale, for whom Real Madrid ended up paying a world-record fee at that time.

Cascarino thinks that Morata is “too nice for Chelsea”

The former Chelsea striker, Tony Cascarino, thinks that Alvaro Morata is “too nice” and the Blues are missing “the nastiness of Diego Costa” as they are no longer able to bully their opponents.

Diego Costa managed to score 20 goals in the previous season but after that, Antonio Conte decided to part company with the Spanish forward – and he brought Alvaro Morata from Real Madrid as the replacement. The former Juventus striker has been doing well so far as he scored seven times in 11 matches but Cascarino feels that he is not the right man for the team.

Cascarino spoke about Morata’s contribution as he said, according to Goal: “Alvaro Morata is a big talent but I wonder if Chelsea are missing the nastiness of Diego Costa up front. Morata is such an honest player: [against Roma] he literally picked up Federico Fazio when the Roma 上海夜生活网defender fell to the floor. I can just imagine Costa shoving Fazio aside if he had been in the same position.”Jamie Carragher puts Chelsea over Manchester United and Arsenal Nedim Maric – In an uneventful derby, last night, Manchester United and Arsenal both got point each.Top four-fight this season looks like it’s going to be between…

He thinks that Chelsea are missing a rude attacker like Costa was: “Morata scores plenty of goals and is a fine all-around player but Costa was always on the edge; bullying people, fouling or being fouled. Perhaps Chelsea as a whole have become nicer to play against. I remember I would pick up opponents in the early part of my career but, by the end, I certainly didn’t. I learned that no centre back would do the same for me.”

The former player of the London club also made a comment about the performance of Cesc Fabregas: “Roma’s third goal provided a classic illustration of why Cesc Fabregas should only be part of a midfield pairing when Chelsea are playing against fairly weak opposition — otherwise he should be in a midfield trio. He gave the ball away to Aleksandar Kolarov and then it was as though he had a parachute on as he tracked back to try to make up for his mistake. He has never been the quickest but he seems to have lost half a yard of pace.”

Guardiola about the Catalonia situation

Guardiola is strongly affected by the situation in Catalonia as it’s his home region and he thinks that it’s “scary” to imprison the Catalan politicians as this huge crisis continues.

Nine ex-minsters from the dissolved Catalan parliament appeared at Spain’s high court on Thursday accused of rebellion, sedition and misuse of public funds.All, with exception of bailed former Business Minister Santi Vila, were detained, while ousted Catalan leader Carles Puigdemont remains in Belgium and was one of five separatist politicians not to answer the summons in Madrid, according to Goal.

The Manchester City coach made a comment about that: “I wish that the politicians who they have put in prison are released soon. I’m worried because what happened to them could happen to us for giving an opinion, it could happen to anyone. The two Jordis leading the Catalan organisation were put in prison for asking to vote in a legal referendum.”Pep Guardiola opens up about Champions League ambitions Nedim Maric – Manchester City and Pep Guardiola are aiming to conquer Europe after two consecutive domestic league titles.The English champions started the league stumbling with a…

He wants the situation to be solved as soon as possible, obviously: “I think the Spanish go上海夜生活网vernment and the Catalan government should sit and talk and try to agree on a referendum for both sides. Until then it’s a really difficult situation to be solved. These politicians are in prison for fulfilling the electoral programme. They were fulfilling the wish of the Catalan people. Now they and their families are suffering this situation. It can happen to other people, to all of us, just for wanting to vote. That was the main desire of the Catalan people.”

Pep Guardiola just wants everything to be resolved fairly: “I just wish that the situation can be resolved soon and these guys can be released and December 21 that there is an election in Catalonia – a fair election where the people can express their wish with freedom. [The election must ] recover the institutions and [make sure] that the Parliament of Catalonia is again what it was.”

Updates about Carvajal’s condition

Excellent news are coming from Spain, where it was announced that Dani Carvajal is out of any danger.

The Spanish full-back of Real Madrid was diagnosed with a viral infection of the pericardium and was ruled out of action indefinitely. So far, no news emerged about Carvajal’s situation and there were worries about his general health condition, after the medical staff of Real Madrid said that they don’t know when will the player be ready to play again. He was offered treatment and was kept under supervision by the team’s doctors.

However, AS now announced that the right-back is out of any danger and will return to the first team training sessions very soon. Although the medical team of Real Madrid cannot say exactly when Carvajal will re-join his teammates, rumours suggest that this will happen until the end of October, the player needing at least one more week of rest.Real Madrid injury update ahead of Champions League clash Nedim Maric – Atletico and Real Madrid pl上海夜生活论坛ayed the Madrileno derby last night which finished in a bore 0-0 draw.In the absence of Marcelo and Ferland Mendy,…

Dani Carvajal played 11 matches this season and provided two assists for his teammates. However, he stopped training with his colleagues on the 30th of September, due to the medical condition that was discovered during a routine medical check.

The Spanish right-back signed a new deal with Real Madrid recently, keeping him at the club until 2022. The 25-year-old played 170 matches for Los Blancos, scoring 4 goals and managing 27 assists. His current market value is €32m, according to Transfermarkt.

Wenger says that Alexis and Ozil could leave in January

The Gunners manager admitted that two of his best player could leave during the winter transfer window.

Both Alexis Sanchez and Mesut Ozil are in their last year of contract at Emirates. The Chilean already made it clear that he is not interested in signing a new deal with the club, while negotiations with Ozil have been rather slow.

With a number of big clubs chasing them, it was inevitable that Arsenal will have to make a decision whether to cash in on them in January or to use them for the whole season and lose them for free next summer.Strachan: Arsenal’s Kieran Tierney similar to Virgil van Dijk Andrew Smyth – Gordon Strachan believes Arsenal new signing Kieran Tierney is a similar kin上海夜生活论坛d of defender to Liverpool star Virgil van Dijk.

Manchester City and PSG are thought to be fighting over the signature of Alexis Sanchez, while Mesut Ozil is disputed by Manchester United and Barcelona. However, the German’s agent revealed that negotiations over a new deal with the Gunners ‘are heading in a positive direction’.

Speaking ahead of the upcoming Premier League match against Watford, Arsenal’s manager said about the possibility of the two players to leave the club: “In our situation, we have envisaged every solution. It is possible.”

Further asked about the Ozil’s willingness to remain at the Emirates, the French manager said: “It is my understanding [that he wants to stay]. I hope the situation can be turned around. At the moment, we are not close enough to announce anything.”

Mbappe chose PSG for first-team opportunities

Kylian Mbappe said that he felt he would have more first-team opportunities at PSG than at Real Madrid.

The young forward was disputed this summer by Real Madrid and PSG, but eventually he chose to remain in France and sign with the Parisians. Now he revealed that the main reason behind his choice was the prospect of playing regularly in the first team: “I felt that at PSG, I would have more opportunities to play than at Real Madrid.”

Speaking to L’Equipe, the 18-year-old also revealed that he held discussions with Manchester City boss, Pep Guardiola, but eventually turned down a move to England: “Guardiola is a coach who breathes football, he won everywhere and he transmits passion and makes you want to play. Drogba tips for Neymar and Mbappe to win Ballon d’Or one day Nedim Maric – One of the best strikers in the Premier League era talked about PSG’s sensational duo and their chances of winning individual awards in the…

When I spoke with him, he explained how he would use me in his tactical system. But I did not say no to Guardiola, I said no to Manchester City.”

Although he eventually switched to Ligue 1 rivals PSG, Mbappe said that he had no intention of leaving Monaco at the end of last season, when they won the title: “I had no intention of leaving Monaco at the end of the season, but things happened and I decided to change my mind and I’ll take the time to explain it later.”

Th上海夜生活论坛e 18-year-old is now looking forward to win trophies with his new team and has set his sights on Champions League: “I dream of winning the Champions League this year, it’s easy to say in September, but what counts is to be able to say it in February. We have a great team on paper, now we’ll have to prove it on the pitch.”

Salah and Coutinho synergy impressed Klopp

The German tactician is pleased to see the early understanding between the two players.

Jürgen Klopp is fascinated by the early showings of synergy between Mohamed Salah and Philippe Coutinho, after watching the two players during the pre-season friendlies.

Coutinho’s future has been a subject of strong speculations as Barcelona are reportedly interested in the Brazilian amid Neymar rumours linking the Catalan to Paris Saint-Germain.

However, Coutinho captained his team against Hertha Berlin at the Olympiastadion and once again impressed with his ability to distribute the ball. The ‘Magician’ freed himself from opponent players and provided a stunning assist for Salah, who wrapped up the final 3-0 for the Reds.

Speaking to Liverpool’s website, Klopp was more than delighted by the understanding of his players.

“I think players like this understand each other.

“It’s a good thing with having players of this quality. I was pleased but it was what I expected.Jurgen Klopp rates Pep Guardiola as his greatest rival Andrew Smyth – Liverpool boss Jurgen Klopp revealed that his Manchester City counterpart Pep Guardiola is the best manager that he’s ever coached against.

“The pass was nice and the finish was not too bad also.”

The German manager also said that Liverpool’s new signings are proba上海夜生活网bly underestimated by the masses, but he was happy with their impact on the games.

“The new players are maybe better than people thought they will be,” he added.

“I think we said early that we want to build on the squad from last year, and that’s what we’ve tried to do. For the moment, we’re really happy.

“We don’t have many injuries now, which is the best news and if we can stay fit, we can be very strong.

“Unfortunately, the other teams are also really pretty strong in England, so we have no choice but to be at our highest.”

Russia vs Portugal preview

Russia top Group A after their opening-day win over New Zealand, while Portugal started with a 2-2 draw against MexicoWritten by – Nikolay Nikolov, June 20, 2017.

The hosts Russia are going to try to defend their leading position in Group A at the FIFA Confederations Cup tomorrow when they will face the European champions Portugal. Spartak Stadium in Moscow is already sold out and the expectations for the game are high in terms of entertainment.

Russia shouldn’t take anything for granted after beating New Zealand in their opening game and should also be aware that this time they are facing a more challenging opponent in Portugal. Russians are likely to let the Portuguese take the initiative and rely more on counter attacks. The side will go into the game with none of their players threatened by yellow-card suspensions.

Portugal’s head coach Fernando Santos has announced th上海夜网at he wants to rotate his team as the tournament goes on, but if he wants to give his main players a rest in the last group game against New Zealand, they need to beat Russia. Andre Gomes and Adrien were booked in the first game and are now just one yellow card away from a one-match ban.

Russian goalkeeper Igor Akinfeev is set to make his 100th appearance for his country.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

Here are the possible lineups:

Russia:  Igor Akinfeev; Igor Smolnikov, Georgy Dzhikiya, Viktor Vasin, Fedor Kudryashov, Yury Zhirkov; Denis Glushakov, Aleksandr Erokhin, Aleksandr Golovin; Dmitry Poloz, Fedor Smolov.

Portugal: Rui Patricio; Raphael Guerrero, Bruno Alves, Jose Fonte, Nelson Semedo; Andre Gomes, Gelson Martins, William Carvalho, Joao Moutinho, Andre Silva, Ronaldo.

Lewandowski doesn\u2019t want to leave according to Bayern Munich

It was reported earlier that Manchester United and Chelsea want to sign the Polish striker and had both held initial talks with his agentWritten by – Nikolay Nikolov, June 21, 2017.

Bayern Munich is claiming that their striker Robert Lewandowski doesn’t want to leave the club, adding that clubs who start negotiations with the player “risk a FIFA penalty”.

It was reported earlier this morning that Manchester United and Chelsea are after the striker and even had held initial talks about a deal.

“Lewandowski does not want to leave Bayern. There are no talks with other clubs and there won’t be any. His contract expires in 2021. He signed it not long ago. If other clubs negotiate with long-term contracted players, they risk a FIFA penalty,” said the German club to Sky Germany.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

Lewandowski finished last season with 30 goals on his account but missed上海夜生活网 out on the top-scorer trophy to Pierre-Emerick Aubameyang, who scored 31.

Poland international recently said that he was disappointed with the lack of support from his side in his hunt for the Bundesliga’s golden boot.

“I was not really happy with how my team helped me. I was annoyed and disappointed with the team’s attitude,” he said to Polish Super-Express newspaper earlier this month.

Recently, his agent Maik Barthel told German football magazine Kicker, that Lewandowski was very disappointed because Carlo Ancelotti gave no call to help him in his top-scorer title pursuit.

Juventus sign Uruguayan wonder-kid

Juventus have announced the signing of Uruguayan wonder-kid, Rodrigo Bentancur, from Boca Juniors.Written by Cosmin Mihalescu. April 22, 2017.

After qualifying in the semi-finals of Champions League, Juventus have concluded their first signing for the 2017/2018 season. Rodrigo Bentancur, the highly rated 19-year-old has signed a 5-year deal, until 2022.

Juventus have paid €9,5m to Boca Juniors, who will also be due 50% of his next transfer. The transfer fee could increase, as it includes different bonuses, conditioned by the number of official games the上海夜生活网 Uruguayan will play for the Bianconeri.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Bentancur is a Boca Juniors youth product and made his debut for the first team in the 2014/2015 season. Since then, he has become Argentinian champion with the team and has also won an Argentinian Cup.

The young central midfielder will join his new teammates on the 1st of July, but has already passed all the medical tests: “I am very happy to have arrived at Juventus, for me it’s a huge honour to be here. I am very happy that a team like Juventus was interested in my services. I follow Serie A very often, the game is very different from the one in Argentina. It’s a new challenge for me, I am young and I will give my everything. Tevez has only told me good things about Juventus”, Bentancur said in a statement.

Explainer: How powerful are Congress subpoenas, contempt citations?

( ) – U.S. House Democrats threatened on Thursday to hold Attorney General William Barr in “contempt of Congress” for not complying with a subpoena to hand over an unredacted version of the Mueller report. What does that mean?

Congress does not arrest and detain people for ignoring its subpoenas anymore, but it still has significant power to demand witnesses and documents, though it could take time. The contempt citation is a key part of that congressional clout.

President Donald Trump, with Barr’s assistance, is stonewalling several inquiries being led by Democrats in the House of Representatives into his administration, his family and his personal business interests.

The confrontation between the White House and Congress escalated on Thursday when Barr refused to appear for a hearing before the House Judiciary Committee on his handling of Special Counsel Robert Mueller’s report. The report focused on Russian interference in favor of Trump in the 2016 U.S. election and subsequent attempts by Trump to impede Mueller’s investigation.

Here is how the congressional subpoena, contempt and enforcement process works.

What is a subpoena?

A subpoena is a legally enforceable demand for documents, data, or witness testimony. Subpoenas are typically used by litigants in court cases.

The Supreme Court has recognized Congress’s power to issue subpoenas, saying in order to write laws it also needs to be able to investigate.

Congress’ power to issue subpoenas, while broad, is not unlimited. The high court has said Congress is not a law enforcement agency, and cannot investigate someone purely to expose wrongdoing or damaging information about them for political gain. A subpoena must potentially further some “legitimate legislative purpose,” the court has said.

What can Congress do to a government official who ignores one?

If lawmakers want to punish someone who ignores a congressional subpoena they typically first hold the offender “in contempt of Congress,” legal experts said.

The contempt process can start in either the House or the Senate. Unlike with legislation, it only takes one of the chambers to make and enforce a contempt citation.

Typically, the members of the congressional committee that issued the subpoena will vote on whether to move forward with a contempt finding. If a majority supports the resolution, then another vote will be held by the entire chamber.

The Democrats have majority control of the House; Trump’s Republican Party holds the Senate.

Only a majority of the 435-member House needs to support a contempt finding for one to be reached. After a contempt vote, Congress has powers to enforce a subpoena.

How is a contempt finding enforced?

The Supreme Court said in 1821 that Congress has “inherent authority” to arrest and detain recalcitrant witnesses.

In 1927, the high court said the Senate acted lawfully in sending its deputy sergeant-at-arms to Ohio to arrest and detain the brother of the then-attorney general, who had refused to testify about a bribery scheme known as the Teapot Dome scandal.

It has been almost a century since Congress exercised this arrest-and-detain authority, and the practice is unlikely to make a comeback, legal experts said.

Alternatively, Congres上海夜生活s can ask the U.S. attorney for the District of Columbia, a federal prosecutor, to bring criminal charges against a witness who refuses to appear. There is a criminal law that specifically prohibits flouting a congressional subpoena.

But this option is also unlikely to be pursued, at least when it comes to subpoenas against executive branch officials, given that federal prosecutors are part of the branch’s Justice Department.

“It would be odd, structurally, because it would mean the Trump administration would be acting to enforce subpoenas against the Trump administration,” said Lisa Kern Griffin, a former federal prosecutor and a law professor at Duke University.

For this reason, in modern times Congress has opted for a third and final approach to enforcing a contempt finding: getting its lawyers to bring a civil lawsuit asking a judge to rule that compliance is required.

Failure to comply with such an order can trigger a “contempt of court” finding, enforced through daily fines and even imprisonment, Griffin said.