Trump says China's vice premier coming t Los Angeles

Binance, one of the world’s biggest cryptocurrency Opens a New Window. exchanges, announced it has been a victim of a massive security breach. The exchange said late Tuesday that hackers have run off with over 7,000 bitcoin Opens a New Window. worth an estimated $41 million after they used a “variety of techniques, including phishing and viruses,” to tab into its systems. While the thieves only got a hold of around 2 percent of Binance’s bitcoin holdings and all other cryptocurrencies were “unharmed,” the exchange said it will need to suspend all deposits and withdrawals for at least one week. “We beg for your understanding in this difficult situation,” the company said, adding that it will continue to enable trading so that users can adjust their positions if they wish. The company also said hackers managed to obtain some user information during the attack and warned they "may still control certain user accounts and may use those to influence prices.” The hack comes amid a recent rally for bitcoin, which climbed 9 percent over the past week. However, the company noted that it will cover the incident in full and no users’ funds will be affected. “The hackers had the patience to wait, and execute well-orchestrated actions through multiple, seemingly independent, accounts at the most opportune time,” Binance said in a statement. “It was unfortunate that we were not able to block this withdrawal before it was executed.” Source: https://www.foxbusiness.com/features/hackers-stole-41-million-bitcoin-worlds-largest-crypto-exchange

New York Stock Exchange Opens a New Window. Chief Operating Officer John Tuttle told FOX Business the exchange is looking forward to Uber’s market debut on Friday. He stated that there are many things investors and companies look at when trying to determine the best time for a company to go public. “They're looking at consumer confidence, unemployment and other metrics which are all still strong, so that's why we've seen Uber come public this week and why we've seen a strong pipeline of companies in Q2,” he said during an interview on "Cavuto: Coast-to-Coast Opens a New Window. " Wednesday. The ride-hailing company is on track to price its initial public offering (IPO) Opens a New Window. at the midpoint of its target, between $44 to $50 a share, or about $80 billion to $90 billion in valuation. The Wall Street Journal also reported Uber executives have discussed with their underwriters, as well as Lyft’s, what went wrong with its rival’s listing in an effort to prevent it from happening with Uber. But Tuttle said market conditions and individual business models are more of a factor for whether or not investors decide to jump into recent technology IPO Opens a New Window. s. “If we look more broadly at Q2, Lyft was one transaction. But we can look at other technology deals like Jumia, Pinterest, Tufin, PagerDuty and others who have all performed quite well in the weeks, and in some cases months, following their listing. So, investors are looking at these companies on a case-by-case basis,” Tuttle said. When asked about thoughts on current market conditions, Tuttle told FOX Business, he believes market fundamentals remain strong and the bull market has proven “resilient.” “I am actually excited because I think this economic environment has created an opportunity for many companies to come to market... It's important that these companies come to market because we're allowing investors the opportunity to participate in these companies' success, whether they are investing for their own accounts or their children's college or for their retirement, etc. So when these conditions are right, it's a good opportunity for all parties involved,” he said. Uber had a $3 billion operating loss last year and an additional $648 million interest expense. Revenue growth slowed from 106 percent in 2017 to 42 percent to 2018 and from 18 percent to 20 percent in 2019. Last year, Uber reported revenue of $11.3 billion. Source: https://www.foxbusiness.com/markets/excited-for-uber-to-come-to-market-this-week-nys

Meet the newest royal! Prince Harry and Meghan, Duchess of Sussex, introduced their newborn baby boy in St George's Hall at Windsor Castle on May 8, 2019. Source: https://www.usatoday.com/picture-gallery/life/people/2019/05/08/duchess-meghan-and-prince-harrys-baby-revealed-see-adorable-photos/1139048001/

May continues to bring a wild potpourri of violent weather across a large portion of the nation: Tens of millions of people are in the path of the storms. A day after at least a dozen tornadoes ripped through Texas and Oklahoma, more rounds of severe storms slammed portions of the South on Wednesday. Still more storms were forecast for Thursday "The severe weather threat on both Wednesday and Thursday will shift away from the wide-open spaces of the High Plains to the more heavily populated areas on the lower Plains & the Mississippi and Ohio Valleys," AccuWeather warned. Over 13 million people live where severe storms are possible Wednesday, the Storm Prediction Center said. The storm threat area on Thursday will be in the Deep South, mainly in Mississippi, Tennessee, Arkansas and Louisiana. Meanwhile, ongoing bouts of drenching rain continue to pelt waterlogged portions of the region, exacerbating relentless flooding. The Houston area was particularly hard hit on Tuesday, as nearly 10 inches of rain soaked the metro area, inundating homes and roads. The heavy rain prompted flash flood emergencies in some communities because of rapidly rising floodwaters. The storms soaked parts of Texas that have been repeatedly hit by flooding in recent years, including the deadly and devastating floods from Hurricane Harvey in 2017. The sodden weather wasn't confined to Texas. "There is ongoing flooding from Texas to Wisconsin ... and more rain over the next three days will make flooding worse in some locations," the National Weather Service said. Evacuations were under way in portions of Kansas, where flooding is forcing people from their homes, closing roads and prompting schools to call off classes. More than 20 million people live where flooding is possible this week, the weather service said. Flooding is likely to continue along a portion of the Mississippi River and perhaps others over the central United States into June as rounds of excessive rain continue, AccuWeather said. In Missouri, almost a dozen levees already have been breached or threatened in recent days. Chris Gamm, presiding commissioner for Pike County, Mo., told USA TODAY that some communities along the Mississippi River have been flooded for two weeks. The county’s levees all blew out over the weekend, he said. “The governor is going to see if there is some emergency relief we can get from federal and state people,” he said. “Apparently they can’t employ emergency resource assets until the water goes down and they can see the damage. But some areas have been underwater for two weeks.” “There are several thousand acres of farmland that are already covered. It’s pretty drastic," Gamm said. Wintry North, West Snow was also expected overnight Wednesday and into Thursday in northeastern Minnesota, far northern Wisconsin, and the Upper Peninsula of Michigan, where a few inches of snow could accumulate, the weather service said. "Snow is also likely in the West, and accumulating snow could be heavy for higher elevations," weather service meteorologist Jennifer Tate said. Heavy snow is expected to fall over the central Rockies where 1 to 2 feet of new snow is likely through Friday evening. Up to 30 inches of snow is possible for the San Juan mountains of southwestern Colorado and northwestern New Mexico. Source: https://www.usatoday.com/story/news/nation/2019/05/08/weather-update-floods-tornadoes-and-snow-wreak-havoc-millions/1140147001/

North Korea has fired at least one unidentified projectile, South Korea's military said Thursday. The launch took place at 4:30 p.m. in the western part of the country, and comes less than a week after North Korea test-fired several new weapons systems, the first confirmed launches of their kind since 2017. North Korean state media reported that the launches conducted on Saturday were part of a "strike drill" to "check the operating ability of large-caliber long-range multiple rocket launchers and tactical guided weapons." Pyongyang described the launches as "routine and self-defensive" in nature. But analysts worry that an uptick in weapons testing from the North Koreans could impact nuclear negotiations with the United States and South Korea. Talks between the three countries have been on the rocks since a February meeting between US President Donald Trump and North Korean leader Kim Jong Un ended abruptly and without an agreement. The Thursday launch took place in the Sino-ri area in the country's western Pyongbuk province, South Korea's Joint Chiefs of Staff said. Sino-ri is believed to be home to one of about 20 undeclared missile facilities that Pyongyang operates throughout the country according to the Center for Strategic and International Studies' Beyond Parallel program. Source: https://edition.cnn.com/2019/05/09/asia/north-korea-projectile-intl/index.html?adkey=bn

Danielle Goldstein won the Shanghai leg of the Longines Global Champions Tour for the world's top showjumpers in a nail-biter. The colorful Israeli rider and her powerful, big-striding 13-year-old chestnut mare Lizziemary edged Ireland's Darragh Kenny and Balou Du Reventon by just 0.08 seconds in the jump-off. Dutch veteran Jur Vrieling and VDL Glasgow v. Merelsnest finished third, 2.65 seconds back. "This is one that everybody really wants to win," Goldstein told LGCT television. "The money is huge here, and the crowd is unbelievable, so this is amazing. We've come a long way, and we've made it worthwhile." In the Global Champions League team competition, the Monaco Aces of Frenchman Julian Epaillard and Belgium's Jerome Guery triumphed ahead of the Paris Panthers. 'Rocketship' It was the second LGCT triumph for Goldstein, who also won in Estoril two years ago. "She is like a rocketship underneath you, you have just so much raw power, she tries her heart out for me," Goldstein said about the horse she has been riding since 2016. "I couldn't ask for anything more." Watched by a cosmopolitan crowd at the China Art Palace in Shanghai, with many spectators donning hats and designer outfits, the lone Asian stop of the Tour saw nine riders qualify for the jump-off, on a sandy course over 1.60-meter jumps set by Uliano Vezzani. Ireland's Kenny had set the pace as the third rider in the jump-off, finishing in a time of 38.06 seconds as he stepped up the pace in the second part of the course to beat the previous leader, Vrieling. "Dani did one less stride to the last fence and that made a huge difference," Kenny said afterwards. "I've been aiming my horse for this for two months now and it's a great show." The sixth rider, Belgium's Pieter Devos, the winner of Miami Beach two weeks ago, put down the fastest time (37.49 seconds) in the jump-off, but dropped a pole at the penultimate fence. Another Belgian, Niels Bruynseels, and his big striding horse Delux Van T&L, were equally unlucky, dropping a pole at the last fence as they finished in a time of 38.21 seconds. Close finish With just two more riders to go, Goldstein guided Lizziemary round the course in a clear round in 37.98 seconds, as Kenny looked on from the sidelines and showed his frustration after getting beaten by such a thin margin. Could the last rider, LGCT rookie Titouan Schumacher and Atome Z, produce a masterpiece in front of the China Art Palace? It wasn't meant to be for the 164th-ranked Frenchman, as his horse dropped a pole, and they finished in eighth place in a time of 39.12 seconds. Head-to-head television pictures comparing Kenny and Goldstein's rides showed Lizziemary won the jump-off in the final few strides. "Today worked out," said Goldstein. "Some days it doesn't, but it was really our day and she jumped amazing the whole day. I didn't nail the first line the way I would have liked, but I made it up somewhere else...I couldn't be happier." Devos remains overall leader The Global Champions Tour, show jumping's richest circuit, is held at a record 20 venues in 2019, including new stops in New York, Montreal and Stockholm. It was staged in Shanghai for the sixth straight year. Her victory earned Goldstein a place in the lucrative GC Prague Playoffs November 21-24, which will see all individual LGCT winners compete against each other in the season finale. After stops in Doha, Mexico City, Miami Beach and Shanghai, Devos remained atop the overall leaderboard with 120 points, following his fifth-place finish in Shanghai. Bruynseels, who was sixth in Shanghai, is second in the overall standings with 94 points, followed by Germany's Daniel Deusser with 83 points. Global Champions League The Monaco Aces, who had been lying in pole position after the first round, made a tactical horse-rider switch to clinch the Global Champions League (GCL) for teams Sunday as they finished on a total of four penalties and in a combined time of 156.3 seconds. The Paris Panthers were second, with the same penalties as the Aces, but at four seconds back. Kenny put down two clear rounds with two different horses, while his Belgian team mate Gregory Wathelet had four penalties in the second round. The Prague Lions, with Holland's Marc Houtzager and Bruynseels, were third, on a total of eight penalties. The two-day GCL had been re-scheduled to Saturday and Sunday after one of two specially chartered horse flights from Europe was delayed. The team event normally finishes before the start of the Longines Global Champions Tour, which concluded on Saturday. "It was decided with FEI [International Equestrian Federation] approval to change the earlier team competition to ensure the horses were well rested and fresh for the weekend with horse welfare the top priority," the GCL said on its website. The Monaco Aces had taken the lead in Shanghai after the first round, which saw five teams producing double clears on a technical course over 15 jumps, which included three sets of double combinations. "I was super happy — It's only half of the job done, but a good day for the team," said Epaillard of the Aces, after guiding Virtuose Champeix to the team's first clear in just over 74 seconds. His Brazilian team-mate Marlon Modolo Zanotelli also had a perfect first round with VDL Edgar M: "He's a fantastic horse and just gets better and better — I'm very lucky to have him," the Brazilian said. Although Epaillard said on Saturday the Aces were unlikely to make a horse-rider change overnight, the team switched Modolo Zanotelli for Guery and Garfield de Tiji Des Templiers for the second round on Sunday. Although Guery, the winner of the opening LGCT in Doha, had a pole down on the penultimate fence, Epaillard and Virtuose Champeix delivered once more with another clear round to clinch the first GCL victory for the Aces. "We fight a little bit today, it was really a team victory," said Guery on Sunday. "They did a super job the first day, and we changed a little bit the plan for today." Epaillard said he had felt "a lot of pressure" after the first round. "Very bad for our heart, but it was super," he added. It was tough weekend for Switzerland's Pius Schwizer and Germany's Daniel Deusser of the Shangai Swans, the winners of the first two legs. Although the team finished in 11th place in Shanghai, on a total of 29 penalties, they remain in the lead in the overall standings, with 90 points. Saint Tropez Pirates are second, with 79 points, followed by the Aces with 74 points. After stops in the Middle East, the Americas and Asia, the LGCT and GCL series are headed to Europe for the next five months, with Madrid scheduled to open proceedings on May 17-19. Other venues include London, Rome, Saint Tropez, Monaco and Paris. Sourse: https://edition.cnn.com/2019/05/04/sport/global-champions-tour-goldstein-spt-intl/index.html?cid=sportsticker

Binance, one of the world’s biggest cryptocurrency Opens a New Window. exchanges, announced it has been a victim of a massive security breach. The exchange said late Tuesday that hackers have run off with over 7,000 bitcoin Opens a New Window. worth an estimated $41 million after they used a “variety of techniques, including phishing and viruses,” to tab into its systems. While the thieves only got a hold of around 2 percent of Binance’s bitcoin holdings and all other cryptocurrencies were “unharmed,” the exchange said it will need to suspend all deposits and withdrawals for at least one week. “We beg for your understanding in this difficult situation,” the company said, adding that it will continue to enable trading so that users can adjust their positions if they wish. The company also said hackers managed to obtain some user information during the attack and warned they "may still control certain user accounts and may use those to influence prices.” The hack comes amid a recent rally for bitcoin, which climbed 9 percent over the past week. However, the company noted that it will cover the incident in full and no users’ funds will be affected. “The hackers had the patience to wait, and execute well-orchestrated actions through multiple, seemingly independent, accounts at the most opportune time,” Binance said in a statement. “It was unfortunate that we were not able to block this withdrawal before it was executed.” Source: https://www.foxbusiness.com/features/hackers-stole-41-million-bitcoin-worlds-largest-crypto-exchange

New York Stock Exchange Opens a New Window. Chief Operating Officer John Tuttle told FOX Business the exchange is looking forward to Uber’s market debut on Friday. He stated that there are many things investors and companies look at when trying to determine the best time for a company to go public. “They're looking at consumer confidence, unemployment and other metrics which are all still strong, so that's why we've seen Uber come public this week and why we've seen a strong pipeline of companies in Q2,” he said during an interview on "Cavuto: Coast-to-Coast Opens a New Window. " Wednesday. The ride-hailing company is on track to price its initial public offering (IPO) Opens a New Window. at the midpoint of its target, between $44 to $50 a share, or about $80 billion to $90 billion in valuation. The Wall Street Journal also reported Uber executives have discussed with their underwriters, as well as Lyft’s, what went wrong with its rival’s listing in an effort to prevent it from happening with Uber. But Tuttle said market conditions and individual business models are more of a factor for whether or not investors decide to jump into recent technology IPO Opens a New Window. s. “If we look more broadly at Q2, Lyft was one transaction. But we can look at other technology deals like Jumia, Pinterest, Tufin, PagerDuty and others who have all performed quite well in the weeks, and in some cases months, following their listing. So, investors are looking at these companies on a case-by-case basis,” Tuttle said. When asked about thoughts on current market conditions, Tuttle told FOX Business, he believes market fundamentals remain strong and the bull market has proven “resilient.” “I am actually excited because I think this economic environment has created an opportunity for many companies to come to market... It's important that these companies come to market because we're allowing investors the opportunity to participate in these companies' success, whether they are investing for their own accounts or their children's college or for their retirement, etc. So when these conditions are right, it's a good opportunity for all parties involved,” he said. Uber had a $3 billion operating loss last year and an additional $648 million interest expense. Revenue growth slowed from 106 percent in 2017 to 42 percent to 2018 and from 18 percent to 20 percent in 2019. Last year, Uber reported revenue of $11.3 billion. Source: https://www.foxbusiness.com/markets/excited-for-uber-to-come-to-market-this-week-nys

Meet the newest royal! Prince Harry and Meghan, Duchess of Sussex, introduced their newborn baby boy in St George's Hall at Windsor Castle on May 8, 2019. Source: https://www.usatoday.com/picture-gallery/life/people/2019/05/08/duchess-meghan-and-prince-harrys-baby-revealed-see-adorable-photos/1139048001/