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close video S&P 500 could break out to new highs if tech cooperates: JC Parets

Seaport Securities founder Ted Weisberg and All Star Charts founder JC Parets discuss whether the breadth of the stock market is getting more positive or negative on ‘The Claman Countdown.’

The U.S. economy rose 1.1% in the first quarter, falling short of estimates, in a sign that a slowdown is underway. 

It is also a big pullback from the fourth quarter's 2.6% rise and the third quarter's 3.2% increase, according to the final estimate from the Bureau of Economic Analysis.

The read may present a conundrum for the Federal Reserve and Chairman Jerome Powell, who frequently touts being data dependent, heading into next week’s May meeting.  Choppy Economic Data Points

Durable Goods March: +3.2

Retail Sales March: -1.0%

Consumer Confidence April: 9-month low

Economic activity has been choppy, at best, in recent weeks. 

Durable goods orders for March rose 3.2%, the first increase in three months, blowing past expectations of just 0.7% growth. However, spending at retail stores indicated the consumer has dialed back on spending. Retail sales fell 1% in March from the prior month, more than economists expected. Excluding autos, sales slipped 0.8%. 

Consumer confidence, tracked by the Conference Board, slipped to a nine-month low in April. Ticker Security Last Change Change % UPS UNITED PARCEL SERVICE INC. 174.59 +2.02 +1.17%

Additionally, shipping giant UPS, a solid barometer of economic growth, gave a murky economic outlook this week. 

"I think there's been a shift from goods to services that's going on. And with those macro indicators and with the shift in the consumer confidence that we saw in the first quarter, you enter an environment where there's going to be softer volume and it was falling from January to February" UPS CFO Brian Newman told FOX Business, following the delivery giant’s earnings report. 

AMAZON JOB CUTS TO BEGIN THIS WEEK

Plus, large corporations including Disney and Amazon, began cutting thousands of workers this week, with the two power players expected to cut a combined 34,000 jobs over the next few months, with some already completed. Ticker Security Last Change Change % DIS THE WALT DISNEY CO. 98.02 +1.42 +1.46%AMZN AMAZON.COM INC. 109.09 +4.11 +3.92%

GET FOX BUSINESS ON THE GO BY CLICKING HERE 

Policymakers will make their next interest rate decision on May 3 with the futures market currently predicting a 76% chance of a 25-basis point rate hike, lifting rates to between 5%-5.25%, as tracked by the CME’s Fed Watch Tool. 

This is a developing story. Please check back for updates.

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Oasis tour: What you need to know – and why Cardiff is the first stop

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Oasis tour: What you need to know - and why Cardiff is the first stop

Oasis are set to kick off their reunion tour in Cardiff this weekend, with thousands expected to descend on the Welsh capital.

The 41-date Oasis Live 25 tour begins in the city on Friday and Saturday, amid warnings for people to plan ahead before they travel.

The Gallagher brothers’ last performance together was in 2009, and the tour sold out within hours of its announcement last August, with fans eager to catch a glimpse of the reunion.

But where is the tour heading – and why was Cardiff chosen as the city where the brothers will perform for the first time together in almost 16 years?

When does the tour start and where is it heading?

After Cardiff, Oasis will go on to perform at Manchester, London, Edinburgh and Dublin on their UK and Ireland leg of the tour.

See below for a full list of tour dates:

More on Cardiff

Oasis tour dates

  • Principality Stadium, Cardiff, Wales – Friday 4 July
  • Principality Stadium, Cardiff, Wales – Saturday 5 July
  • Heaton Park, Manchester, England – Friday 11 July
  • Heaton Park, Manchester, England – Saturday 12 July
  • Heaton Park, Manchester, England – Wednesday 16 July
  • Heaton Park, Manchester, England – Saturday 19 July
  • Heaton Park, Manchester, England – Sunday 20 July
  • Wembley Stadium, London, England – Friday 25 July
  • Wembley Stadium, London, England – Saturday 26 July
  • Wembley Stadium, London, England – Wednesday 30 July
  • Wembley Stadium, London, England – Saturday 2 August
  • Wembley Stadium, London, England – Sunday 3 August
  • Scottish Gas Murrayfield Stadium, Edinburgh, Scotland – Friday 8 August
  • Scottish Gas Murrayfield Stadium, Edinburgh, Scotland – Saturday 9 August
  • Scottish Gas Murrayfield Stadium, Edinburgh, Scotland – Tuesday 12 August
  • Croke Park, Dublin, Ireland – Saturday 16 August
  • Croke Park, Dublin, Ireland – Sunday 17 August
  • Toronto, Canada – Sunday 24 August
  • Toronto, Canada – Monday 25 August
  • Chicago, USA – Thursday 28 August
  • East Rutherford, USA – Sunday 31 August
  • East Rutherford, USA – Monday 1 September
  • Los Angeles, USA – Saturday 6 September
  • Los Angeles, USA – Sunday 7 September
  • Mexico City, Mexico – Friday 12 September
  • Mexico City, Mexico – Saturday 13 September
  • Wembley Stadium, London, England – Saturday 27 September
  • Wembley Stadium, London, England – Sunday 28 September
  • Seoul, South Korea – Tuesday 21 October
  • Tokyo, Japan – Saturday 25 October
  • Tokyo, Japan – Sunday 26 October
  • Melbourne, Australia – Friday 31 October
  • Melbourne, Australia – Saturday 1 November
  • Melbourne, Australia – Tuesday 4 November
  • Sydney, Australia – Friday 7 November
  • Sydney, Australia – Saturday 8 November
  • Buenos Aires, Argentina – Saturday 15 November
  • Buenos Aires, Argentina – Sunday 16 November
  • Santiago, Chile – Wednesday 19 November
  • São Paulo, Brazil – Saturday 22 November
  • São Paulo, Brazil – Sunday 23 November
Principality Stadium, Cardiff. Pic: PA
Image:
Principality Stadium, Cardiff. Pic: PA

Why was Cardiff picked as the first stop?

Asked on X in May why Cardiff was chosen as the location for the opening leg, Liam Gallagher said “because Cardiff is the bollox”.

Principality Stadium is a 74,500-seat venue, known as the home of Welsh rugby, which played host to Bruce Springsteen and Taylor Swift concerts last year.

Businesses in the area are hoping the arrival of Oasis will bring an influx of trade to the city.

Gary Corp, manager of the City Arms, told Sky News that he was expecting the concert would “treble if not quadruple the footfall on the street”.

Meanwhile, Ethan John, events manager at Tiny Rebel, said Oasis choosing Cardiff to kick off their tour was “surreal” and that previous events such as Taylor Swift’s Eras Tour had a “massive impact” on footfall.

What travel advice is there in Cardiff?

Train operators say trains will be busy and people should allow plenty of time for their journey home.

Georgie Wills, from Transport for Wales, said the company was “thrilled to welcome thousands to Cardiff this summer”.

“Look out for our queuing systems and travel tips – and let’s make it a safe and smooth experience for everyone,” she added.

Cardiff Council has confirmed that roads around the stadium will close from 12pm until 12am on both Friday and Saturday.

The road closures come into force three hours earlier than is planned for upcoming Stereophonics, Kendrick Lamar and Catfish and the Bottlemen concerts later this summer.

The Cardiff Bus Interchange will close at 3pm and Cardiff Queen Street railway station will close at 10pm (apart from accessible travel or journeys to Cardiff Bay).

Liam Gallagher (left) and Noel Gallagher (right). Pic: PA.
Image:
Liam Gallagher (left) and Noel Gallagher (right). Pic: PA

What time does the show start and who are the support acts?

Principality Stadium’s doors open at 5pm on both Friday and Saturday.

The band will be supported by indie rock band Cast and Richard Ashcroft (who formed alternative rock band the Verve) in Cardiff, Manchester, London, Edinburgh and Dublin.

Cast start their Cardiff set at 6pm, followed by Richard Ashcroft at 7pm.

Oasis will take to the stage at 8.15pm, and should finish by 10.30pm.

American rock band Cage the Elephant will support Oasis in Canada, Mexico and at the Chicago gig.

They will be joined again by Cast for the East Rutherford and Pasadena dates.

Australian indie rock band Ball Park Music will support in Australia.

Are tickets still available for the shows?

The tour is sold out, but the band has said it is possible some additional tickets may be released.

In an Instagram post on 25 June, the band advised members of Oasismynet to “keep an eye” on their inbox.

The final releases would come “over the coming days” once production was “fine tuned”, the band said.

Read more from Sky News:
The Gallagher brothers back together
The story of the rock ‘n’ roll brothers so far

What’s the weather going to be like?

Cardiff is set to be cloudy with sunny intervals on Friday afternoon, with highs of 21C and lows of 15C.

On Saturday, however, it will be slightly cooler with light rain during the afternoon, before clearing up in the evening.

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Oasis reunion: It felt like it might never happen – but the Gallagher brothers are finally back

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Oasis reunion: It felt like it might never happen - but the Gallagher brothers are finally back

Listening to Noel Gallagher over the years, for a long time it didn’t feel like this was part of the masterplan.

He has spoken several times of the difficult decision he made to quit Oasis in 2009. The band was his life and the choice not made lightly, but ending things then was the best thing for everyone, he told Sky Arts a few years ago. The fact they didn’t continue was a big part of the reason they are now “up there with all the greats”.

The older Gallagher brother was well aware that the years apart – the brothers’ often funny but frustrating feud, the unanswered question of whether they would ever bury the hatchet and the hope that maybe, one day, it might just happen – all amplified their legend.

Liam and Noel Gallagher. Pic: Simon Emmett
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The Gallagher brothers got together for this picture in July, their first photograph together in years. Pic: Simon Emmett

Rumours have come and gone over the years, propelled in no small part by messages from Liam Gallagher on social media. He often teased, but never made any secret of wanting to bring Oasis back. The sticking point seemed to be Noel.

But in 2022, Liam played gigs at Knebworth – the site of Oasis’s most famous, history-making gigs. Last year, he got in early to mark the anniversary of their debut album Definitely Maybe with his own solo tour, no sign of the man who wrote the songs.

Noel created the music; Liam brings it snarlingly, viscerally alive. Him doing those shows alone felt like it could be a death knell for a reunion. When asked about Liam by a fan during one of his shows with his current band, the High Flying Birds, last summer, Noel reportedly said his younger brother should be “thankful for my genius” and told the crowd: “Just remember who wrote all the f***ing songs.”

The Definitely Maybe cover has been reworked to mark the 30th anniversary of the album, with the band now removed from the image. Pic: Oasis/Michael Spencer Jones/ Microdot
Image:
Pic: Oasis/Michael Spencer Jones

‘They hadn’t spoken in goodness knows how long’

Even last year’s new artwork for Definitely Maybe (pictured above), released for the 30th anniversary, showed a reworking of that famous album cover – shot at guitarist Bonehead’s house in Manchester – this time with the band members absent from the room. With no Liam on the floorboards, no Noel staring up at the spinning globe, it felt like a statement: Oasis really had left the building.

Designer Brian Cannon, who worked on the artwork for all of Oasis’s early music and now runs the Microdot memorabilia stores, says he was as surprised as anyone by the reunion announcement.

“A lot of people say to me, it’s all a big marketing ploy,” he says, of the brothers’ fall-out. “No, it isn’t, they genuinely hadn’t spoken to each other for goodness knows how long. And Noel’s got a very successful solo career that he’s very content with and doing very well. I didn’t see this coming, I really didn’t.”

Photographer Michael Spencer Jones, who captured the images for all the Oasis albums and singles in the band’s heyday, says the sibling rivalry was always there. “It’s such a major part of the potion that was Oasis.”

Read more:
Cool Britannia: Life in the UK in the ’90s
A timeline of Britpop’s most successful band

Noel Gallagher sings as Noel Gallagher's High Flying Birds perform, at Twickenham Stadium, London, Britain, July 8, 2017. REUTERS/Dylan Martinez
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Noel Gallagher has had success with the High Flying Birds. Pic: Reuters/Dylan Martinez

But there had been whispers for months, reports from industry insiders saying it was only a matter of time. In January 2023, Noel announced his separation from his now ex-wife Sara MacDonald, who did not get on with Liam, leading to speculation he might become more open to making amends.

Then last year, following reports of shows booked for Wembley, fans once again pointed to teases from Liam on social media – “I never did like that word FORMER” he posted in the days before the announcement – and an interview given by Noel in which he spoke in complimentary terms about his little brother’s voice: “When I’d sing a song it would sound good. When he’d sing it, it would sound great.”

Neither of these things made a reunion a certainty. While Noel may not have liked his brother at times, he never underestimated the shared power their bristling sibling rivalry brought to Oasis. “I wouldn’t have gotten anywhere without him, he wouldn’t have got anywhere without me,” he told journalists at an awards ceremony in 2019.

File photo dated 29/06/19 of Liam Gallagher, who along with pop band Haim and electronic duo The Chemical Brothers, will headline the next Latitude music festival, it has been announced.
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Liam Gallagher has been performing as a solo artist for several years. Pic: PA

‘The stars have aligned’ – but statement gives little away

Oasis in their heyday were like no other live band. The shows were electrifying, the energy raw, in an era of optimism and fun in the 1990s that the Gallagher brothers defined. In later years, Noel may not have been a fan of the Cool Britannia tag, but that’s exactly what it was.

So now, will this reunion just be about the gigs? Will there be new music? Could the Gallagher brothers even be friends again?

The reunion statement gave little away. “The guns have fallen silent. The stars have aligned. The great wait is over. Come see. It will not be televised.” Further details said there was “no great revelatory moment”, but rather “the gradual realisation that the time is right” – but the Gallaghers have still not really addressed the small matter of not being on speaking terms for years. We want to know who reached out first? How did they finally come to an agreement? And what did their mum, Peggy, say about her sons finally getting their acts together?

Whatever has happened behind the scenes, the frost has definitely thawed. In 2020, Liam said Oasis had been offered £100m to reform – a claim quickly denied by Noel, who suggested the remark was a publicity move to promote a single. The deal they have signed now is worth millions. But even before the announcement was made, Liam was quick to put anyone suggesting this was only about the money in their place.

“Your attitude stinks” was his reply to anyone questioning their motives. Positivity received a different response: “Your attitude is BIBLICAL.”

Read more:
‘Everyone was out of control in the ’90s’
The ‘unsolvable conundrum’ of Oasis’s biggest album

You only have to look at the crowds at Liam’s solo shows – full of teenagers, as well as those of us who were there the first time round – to see how the music has filtered through generations. The singer has said several times he would like younger fans to see the full Oasis live experience.

Now, they just have to deliver.

“There’s two schools of thoughts on this and at one time I would have fallen into the latter,” says Cannon. “One being: great, yes, fantastic. The second: no, leave it be, let it lie, it’s gone, you might tarnish the past.

“But. We’re living through strange times in this country at the minute, globally as well. There’s a lot of division, recent events have been quite shocking. [A reunion] will undoubtedly bring a lot of happiness to a lot of people and I’m all in favour of a lot of people being happy. So, yeah, it’s got to be a good thing.”

“There should be an album, I think,” says Spencer Jones. “It would be great if there was more music to come.”

This year also marks the 30th anniversary of their second album, (What’s The Story) Morning Glory? Both Noel and Liam will be well aware of the expectation, how much these shows mean to fans.

Get them wrong, and there’s the potential for the legacy, the memories, to be spoiled.

Get them right, and Oasis live forever – all over again.

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Liverpool football star Diogo Jota killed in car crash

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Liverpool football star Diogo Jota killed in car crash

Liverpool star Diogo Jota has died in a car crash.

The 28-year-old Portuguese forward died in the accident in the early hours of Thursday morning near Zamora, in northwestern Spain.

His brother, Andre Silva, was also killed in the crash on the Rias Bajas Highway (A-52) near Palacios de Sanabria, heading towards Benavente.

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Jota’s former teammate: ‘This can’t be real’

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The site of the accident on the A52

Follow the latest updates following Diogo Jota’s death

Jota and Silva were driving to Santander to catch a ferry back to England ahead of the start of Liverpool’s pre-season training on Monday, CNN Portugal reports.

The news outlet reports that Jota was advised against flying back to England due to recent surgery.

Police said the accident happened at 12.30am when the Lamborghini the pair were travelling in veered off the road.

Palacios de Sanabria in the north of Spain
Image:
Palacios de Sanabria in the north of Spain

“A vehicle left the road and everything indicates a tyre burst while overtaking,” the Guardia Civil in Zamora told Sky Sports News in a statement.

“As a result of the accident, the car caught fire and both people were killed. Pending the completion of forensic tests, one of the deceased has been identified as Diogo Jota, a Liverpool FC player, and his brother, Andre Felipe.”

A Spanish government source told the PA news agency that police were investigating the crash as “a possible speeding incident”.

The aftermath of the crash. Pic: AP
Image:
The aftermath of the crash. Pic: AP

The aftermath of the crash. Pic: AP
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Pic: AP

Police added that no other vehicles were involved in the incident.

Pictures of the aftermath of the crash showed debris scattered along the side of the road, including what appeared to be charred parts of the vehicle.

It comes just 10 days after the player married his long-term girlfriend, Rute Cardoso.

Diogo Jota holds the Premier League trophy aloft after the club's title win in the 2024/25 season. Pic: Reuters
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Diogo Jota holds the Premier League trophy aloft after the club’s title win in the 2024/25 season. Pic: Reuters

Diogo Jota walks the pitch with his family in 2022.
Pic: PA
Image:
Diogo Jota walks the pitch with his family in 2022.
Pic: PA

He had three children.

The footballer, who played as a striker for Liverpool, began his career in his native Portugal and played at Atletico Madrid in Spain before moving to England.

He joined the Merseyside club from Wolverhampton Wanderers in 2020.

Liverpool manager Jurgen Klopp gives instructions to substitute Diogo Jota during the UEFA Europa League quarter-final, first leg match at Anfield, Liverpool. Picture date: Thursday April 11, 2024.
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Former Liverpool manager Jurgen Klopp with Diogo Jota. Pic: PA

Portugal's Cristiano Ronaldo (left) and Diogo Jota (right) during a training session at the SMiSA Stadium, Paisley. Picture date: Monday October 14, 2024.
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Portugal’s Cristiano Ronaldo (left) and Diogo Jota (right) during a training session. Pic: PA

Jota played an important role throughout his five years with the Reds, including scoring six times in Liverpool’s recent Premier League-winning season.

He scored a total of 47 times in 123 matches for the club. He also played 49 times for the Portugal national side, scoring 14 times.

Silva, 25, played for Penafiel, a Portuguese second division club.

Diogo Jota holding the trophy on the team bus during the Premier League winners parade in Liverpool.
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Diogo Jota holding the trophy on the team bus during the Premier League winners parade in Liverpool. Pic: PA

Teammates and football legends pay tribute

A statement issued by Liverpool FC said the club was “devastated” by their player’s death.

“The club have been informed the 28-year-old has passed away following a road traffic accident in Spain along with his brother, Andre,” the club said in a statement.

“Liverpool FC will be making no further comment at this time and request the privacy of Diogo and Andre’s family, friends, teammates and club staff is respected as they try to come to terms with an unimaginable loss.

“We will continue to provide them with our full support.”

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Sky’s Greg Milam reports from Anfield Stadium where Liverpool fans are hearing about the death of Diogo Jota.

The Portuguese football federation said it was “utterly devastated by the deaths”.

“Far beyond being an exceptional player, with nearly 50 caps for the national team, Diogo Jota was an extraordinary person, respected by all teammates and opponents, someone with a contagious joy and a reference within his own community.

“We have lost two champions. The passing of Diogo and Andre Silva represents irreparable losses for Portuguese Football, and we will do everything to honour their legacy daily.”

The Portugal and Spain women’s teams held a minute’s silence for Jota and Silva before their match in the Women’s Euros in Switzerland on Thursday evening.

Floral tributes left at Anfield this morning. Pic: Sky
Image:
Floral tributes left at Anfield this morning. Pic: Sky

It came after Liverpool’s manager Arne Slot said in a statement: “What can anyone say at a time like this when the shock and the pain is so incredibly raw? I wish I had the words but I know I do not.

“All I have are feelings that I know so many people will share about a person and a player we loved dearly and a family we care so much about.

“My first thoughts are not those of a football manager. They are of a father, a son, a brother and an uncle and they belong to the family of Diogo and Andre Silva who have experienced such an unimaginable loss.”

Jota’s former manager at Liverpool, Jurgen Klopp, offered his thoughts in a post on Instagram.

“This is a moment where I struggle! There must be a bigger purpose, but I can’t see it,” he said.

“I’m heartbroken to hear about the passing of Diogo and his brother Andre. Diogo was not only a fantastic player, but also a great friend, a loving and caring husband and father.

“We will miss you so much. All my prayers, thoughts and power to Rute, the kids, the family, the friends and everyone who loved them.”

Liverpool captain Virgil van Dijk posted on Instagram: “What a human being, what a player, but most importantly what an unbelievable family man.

“You mean so much to all of us and you always will!”

Cristiano Ronaldo, Jota’s captain in the national team, said: “It doesn’t make sense. Just now we were together in the National Team, just now you had gotten married.

“To your family, your wife, and your children, I send my condolences and wish them all the strength in the world.

“I know you will always be with them. Rest in Peace, Diogo and Andre. We will all miss you.”

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Diogo Jota married his long-term girlfriend just two weeks ago

Jota’s Liverpool teammates Darwin Nunez, Cody Gakpo and Dominik Szoboszlai have also paid tribute.

Szoboszlai wrote: “Words cannot describe how heartbroken and devastated we are… Your smile, your love for the game will never be forgotten.

“We will miss you so much, but you will stay with us forever, on and off the pitch.”

Jota’s former teammates Trent Alexander-Arnold, Sadio Mane, Roberto Firmino and Thiago Alcantara have also shared messages on social media.

Mane posted a picture of himself and Jota with heartbreak emojis.

It came as Liverpool legend Kenny Dalglish wrote on X: “You feel helpless, knowing there’s so little we can do to ease the pain for his wife of just two weeks, his three beautiful children.”

Liverpool legend Steven Gerrard shared an image of Jota on Instagram and wrote: “Condolences to his family and friends during this incredibly sad time.”

Liverpool owners Billy Hogan, John Henry and Tom Werner, who are part of the Fenway Sports Group, said: “This tragic situation and the reality of it is truly shocking, devastating and has left us numb with grief.”

Football icon Lionel Messi has also paid tribute, sharing an image of Jota on Instagram with the message “QEPD” – short for the Spanish phrase ‘que en paz descanse’, which translates to “may he rest in peace'”.

European football clubs such as Barcelona and AC Milan have also shared messages, along with basketball player LeBron James and tennis icon Rafael Nadal.

Meanwhile Liverpool FC have opened a physical and digital book of condolence for supporters and members of the public to sign.

The physical book is at the club’s stadium, in the Anfield Road Stand reception area until Sunday evening.

An avid video gamer, Jota also owned an eSports team and regularly streamed on Twitch.

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