nikolasyf

Inaugurated in the morning in a pomp-filled Paris ceremony, struck by lightning in the early afternoon and dining on veal with the German chancellor by the late evening, new President François Hollande took over France's stagnating economy with a vow to lay the groundwork for European growth.

Francois Hollande was sworn in as French President Tuesday morning, before immediately flying to Berlin to meet Angela Merkel. From Paris, WSJ's Gabriele Parussini has the details. Photo: AP

Mr. Hollande, who beat incumbent President Nicolas Sarkozy in the May 6 runoff of the presidential election, was sworn in Tuesday in a ceremony that returns a Socialist to the top of France's government.

With a political stalemate in Greece threatening to plunge Europe deeper into the debt crisis, he immediately departed for Berlin for a meeting with German Chancellor Angela Merkel, as the collapse of coalition talks in Greece has edged the Mediterranean country closer to an exit from the euro zone.

As expected, he sought a degree of accord with Europe's financial powerhouse. "Just like Frau Merkel," he said, he wanted Greece to remain in the euro zone and insisted that Athens fulfill its pledges in order to keep receiving international aid.

But Mr. Hollande also sounded the theme from his successful campaign, that Europe needs not only the German-prescribed budget discipline but should also seek ways to boost growth. "Everything that can contribute to growth must be put on the table by everyone," he told reporters after meeting with Ms. Merkel. "I don't want growth to be just a word, but tangible measures."

Associated Press

New French President François Hollande on the steps of the Élysée Palace after returning from a ceremony in Paris on Tuesday.

In a possible olive branch to Berlin, Mr. Hollande appointed Jean-Marc Ayrault as prime minister, the Élysée announced. Like Mr. Hollande, Mr. Ayrault is a Socialist Party apparatchik who has never held a ministerial office. The 62-year-old politician was a professor of German for 13 years, and his language skills and professed "Germanophilia" could prove a key assets, and help Mr. Hollande forge amiable relations with Ms. Merkel.

Mr. Hollande's day began with traditional Republican pomp. Walking up a long red carpet to a military march, the new president was met by Mr. Sarkozy in the Élysée Palace courtyard. The two had a 40-minute meeting, officials said, during which Mr. Sarkozy briefed his successor on state secrets and the confidential procedure for activating the nuclear bomb.

"My mandate is to turn around France in a fair manner and open a new way in Europe," Mr. Hollande said later, in his inauguration speech.

View Slideshow

Gonzalo Fuentes/Reuters

Former President Nicolas Sarkozy waved from his car as he left the Elysee Palace after Tuesday's hand-over ceremony.

In contrast with most previous inauguration ceremonies, where the new presidents warmly congratulated their predecessors, Mr. Hollande maintained a cool demeanor toward Mr. Sarkozy. In his speech, Mr. Hollande paid lofty tribute to his predecessors, from Charles de Gaulle to Jacques Chirac. About Mr. Sarkozy, he said simply: "I wish him well for the new life that is opening before him."

The ceremony continued with 21 cannon shots fired from the Invalides and a parade in an open-top car on the Champs Élysées amid heavy rain that left the new president drenched.

The new administration weathered its first surprise after Mr. Hollande's plane took off for his meeting with Ms. Merkel in Berlin: Lightning struck the plane, according to a French officials, forcing it to return to the Villacoublay military airport just outside the French capital. No injuries were reported. Arriving by a second plane two hours late in Berlin, he was greeted with more pomp, and more rain.

In the first face-to-face meeting with Ms. Merkel, Mr. Hollande toed the expected line on Greece: He said he respected Athens' decision to hold new elections, but added he wants the country to stay in the euro. He acknowledged there are political parties in Greece that don't want to remain in the currency bloc but said all Greeks should know Europe is ready to help them with measures to support growth.

During his campaign, Mr. Hollande had irked Ms. Merkel with his pledge to renegotiate the treaty on fiscal discipline to add growth-supportive measures. He had been expected to use Tuesday's meeting to challenge the chancellor's prescription of spending cuts as the main remedy to repair the public finances of heavily indebted European countries.

But Mr. Hollande stopped short of mentioning his campaign call for the European Central Bank to have a greater role in supporting growth. Ms. Merkel has made clear she wouldn't accept revisiting the ECB's bylaws, which call for the bank to hold the line against inflation.

Well aware that Ms. Merkel is also staunchly opposed to any measure that would translate into a loosening of European fiscal discipline, the French president proposed that Paris and Berlin use the coming month to examine all possible solutions.

Listing some of them, Mr. Hollande mentioned "boosting competitiveness"—a key recommendation of the German chancellor—and euro bonds, a codeword for pooling the debt of euro-zone countries and an idea Ms. Merkel has so far rejected.

"I said in the campaign, and I repeat today, that I want to renegotiate what was established at a certain moment," Mr. Hollande said. "The method is to put all propositions on the table."

Pledging to overcome any differences they may have, Ms. Merkel and Mr. Hollande said they would present joint proposals on boosting the European economy at a European Union summit next month.

"It will be very important that Germany and France present their ideas together at this summit, and we have talked about the preparation," Ms. Merkel told reporters.

The meeting was anticlimactic after the drama of the French election campaign. Mr. Hollande sharply attacked Ms. Merkel during the campaign, rejecting the fiscal pact, the cornerstone of the antidote to the euro zone debt crisis prescribed by Ms. Merkel and Mr. Sarkozy. Ms. Merkel openly backed the incumbent and suggested that Europe would be better off without a President Hollande.

Little of that tension was on display at their first meeting.

"I'm not sure whether there is sometimes more divergence perceived in the public realm than there really is," said Ms. Merkel. "We are aware of our responsibility, as Germany and France, for a positive development in Europe. Carried by this spirit, I believe we will of course find solutions for the different problems.''

But any European policy built on weak compromise is likely to prove a shaky structure, Klaus Zimmermann, president of the Institute for the Study of Labor, in Bonn, Germany, said before Mr. Hollande's visit.

He said France should look at countries like the U.K., which is creating jobs through structural reforms of its labor market, much as Germany did under its last Social Democrat, chancellor Gerhard Schroeder, a decade ago. Without such reforms, which are also championed by Ms. Merkel's mantra, Mr. Hollande cannot succeed, said Mr. Zimmermann.

"Paying lip service to a growth strategy and just looking for funds to underwrite the French economic model, as presently constituted, is not a winning strategy," he said.

At home, Mr. Hollande will inherit a lackluster economy. Figures released on Tuesday showed the French economy stalled in the first quarter and grew only 0.1% in the final three months of 2011. That is stands in stark contrast with Germany, where data released Tuesday showed the economy shrugged off a weak Europe and grew 0.5% in the first quarter, pulling the rest of the euro zone back from the edge of recession.

Anemic growth—the Bank of France expects stagnation again in the second quarter—will make it hard for Mr. Hollande to curb unemployment, which has risen to a 13-year high of 10%.

Before Mr. Hollande's return to Paris, he planned to sit down with Ms. Merkel for a traditional German meal of white asparagus from the nearby town of Beelitz and veal schnitzel, followed by a desert of vanilla ice cream with strawberries.

Ms. Merkel said she was happy that Mr. Hollande paid a visit on the day of his inauguration. "We're even more glad that he did so even though lightning struck," she joked. In French, being struck by lighting is an idiom for love at first sight.

"Perhaps this is a good omen for our cooperation," Ms. Merkel said.

Write to William Horobin at William.Horobin@dowjones.com and William Boston at william.boston@dowjones.com

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Online.wsj.com

Mocked and booed relentlessly just a few days ago, the Red Sox are suddenly back in the good graces of Boston fans — at least for now.

The Red Sox increased their modest winning streak to three with a 12-1 rout of the Cleveland Indians yesterday in Boston.

“You start putting runs on the board and winning, everyone’s going to get excited,” said Jarrod Saltalamacchia, who homered during a six-run seventh inning and drove in five runs.

Rookie Will Middlebrooks hit his fourth homer for the Red Sox, who have rebounded from a 1-8 skid with three straight wins.

Getty Images

SHAKE IT UP: Jarrod Saltalamacchia watches the flight of his two-run homer to help the Red Sox rip the Indians 12-1 yesterday in Boston.

Rangers 13, Angels 6

In Arlington, Texas, Nelson Cruz hit his third career grand slam, Josh Hamilton drove in three runs and the Rangers beat the Angels to hand Jered Weaver his first loss.

Rays 9, Orioles 8

In Baltimore, Elliot Johnson and Ben Zobrist homered, Carlos Pena ended an extended slump with two doubles and two RBIs, and the Rays outslugged the Orioles.

Twins 4, Blue Jays 3

In Minneapolis, Scott Diamond pitched seven shutout innings, Brian Dozier hit his first career homer and the Twins held on to top the Blue Jays.

Tigers 3, Athletics 1

In Oakland, Calif., Justin Verlander struck out eight to win his fourth straight decision and the Tigers beat the Athletics to salvage a series split.

Royals 9, White Sox 1

In Chicago, Jeff Francoeur hit his first homer of the season, pinch-hitter Johnny Giavotella had a two-run double and the Royals blasted the White Sox.

NATIONAL LEAGUE

Reds 9, Nationals 6

In Cincinnati, Joey Votto hit a grand slam in the ninth inning for his third home run of the game, rallying the Reds past the Nationals.

Phillies 3, Padres 2

In Philadelphia, Cole Hamels was stellar on the mound in his return from a five-game suspension, working seven innings of one-run ball to help the Phillies defeat the Padres.

Braves 7, Cardinals 4

In St. Louis, Jason Heyward ended a 10-pitch at-bat with a bases-clearing double in third inning, helping the Braves top the Cardinals to complete a three-game sweep.

Dodgers 11, Rockies 5

In Los Angeles, Bobby Abreu hit a three-run double and A.J. Ellis added a three-run homer during a sixth-inning rally as the Dodgers belted the Rockies.

Giants 7, Diamondbacks 3

In Phoenix, Melky Cabrera singled four times to extend his hitting streak to 11 games as the Giants defeated the Diamondbacks.

Cubs 8, Brewers 2

In Milwaukee, Ian Stewart hit a solo homer and scored the go-ahead run on an error, helping the Cubs beat the Brewers.

Pirates 3, Astros 2

In Pittsburgh, Josh Harrison’s 12th-inning single drove in Clint Barmes and the Pirates came back for a victory over the Astros.

Red Sox, Jarrod Saltalamacchia, White Sox, Cleveland Indians, Josh Hamilton, career homer, Will Middlebrooks, Ben Zobrist, Jered Weaver, Justin Verlander, Blue Jays, Brian Dozier, Nelson Cruz, 13, Angels 6In Arlington, Texas

Nypost.com

The CEO of JPMORGAN Chase, which disclosed a $2 billion loss last week, said he was "dead wrong" when he dismissed concerns about the bank's trading last month.

CEO Jamie Dimon said he did not know the extent of the problem when he said in April that the concerns were a "tempest in a teapot." After the bank reported the trading loss, investors shaved almost 10 percent off the bank's stock price.

"We made a terrible, egregious mistake," Dimon said in an interview that aired Sunday on NBC's "Meet the Press." ''There's almost no excuse for it."

The $2 billion loss came in the past six weeks. Dimon has said it came from trading in so-called credit derivatives and was designed to hedge against financial risk, not to make a profit for the bank.

Getty Images

Jamie Dimon looks on while speaking at Simon Graduate School of Business at the University of Rochester's New York City Conference on May 3.

WATCH: JAMIE DIMON ADMITS JPMORGAN WAS 'SLOPPY'

TERRY KEENAN: US EGGED ON JPMORGAN'S FALL

Dimon said the bank is open to inquiries from regulators. He has also promised, in an email to the bank's employees and in a conference call with stock analysts, to get to the bottom of what happened and learn from the mistake.

Dimon told NBC that he supported giving the government the authority to dismantle a failing big bank and wipe out shareholder equity. But he stressed that JPMorgan, the largest bank in the United States, is "very strong."

Lawmakers and critics of the banking industry have seized on the $2 billion loss to say that banks still take too much risk more than three years after the financial crisis.

A piece of the financial regulation known as the Volcker rule would prevent banks from certain kinds of trading for their own profit. Dimon has said the trading involved in the $2 billion loss would not have fallen under the rule.

Rep. Barney Frank, D-Mass., told ABC's "This Week" that he hopes the final version of the Volcker rule will prevent the type of trading that led to the massive loss at JPMorgan.

Dimon conceded to NBC that the bank "hurt ourselves and our credibility" and expects to "pay the price for that." Asked what the price should be, Sen. Carl Levin, D-Mich., said that banks will lose their fight to weaken the rule.

"This was not a risk-reducing activity that they engaged in. This increased their risk," Levin told NBC.

"So we've got to be very, very careful that the regulators here are not undermined by this huge effort to weaken the rule by putting in a huge loophole" that includes the trading involved in the JPMorgan loss, he said.

Dimon also discussed the economy in a wide-ranging extra interview, which you can watch below.

Visit msnbc.com for breaking news, world news, and news about the economy

Addressing public anger toward Wall Street, Dimon said he wants a more equitable society and does not mind paying higher taxes. But he said attacking all of business is "very counterproductive."

Jamie Dimon, JPMorgan Chase, JPMORGAN, NBC, Simon Graduate School of Business, financial risk, massive loss, Barney Frank, Volcker rule

Nypost.com

Devils defensemen Anton Volchenkov and Marek Zidlicky both returned from injury to join the team in practice today in Newark, in preparation for Monday's start of the Stanley Cup semifinals against either the Rangers or Capitals.

Both Volchenkov and Zidlicky were injured on Flyer hits in Tuesday’s Game 5 second-round clincher in Philadelphia.

Neither had skated in practice since that game, and each would have been be hard-pressed to jump back into action Monday on one Sunday practice.

Matt Taormina continued practicing with the big squad as an extra defenseman.

Marek Zidlicky, Anton Volchenkov, Stanley Cup semifinals, Rangers

Nypost.com

Post TIme: 7:00 p.m.

Best Bet: Sugar Queen Gabby (8th)

FIRST: mile trot; $8,500; cond

5 New York Muscle

(BSears)

2-5-3

7-2

1 SouthJerseyBugsy

(AMorgn)

3-2-2

5-1

2 Volare De Vie

(JCampbell)

9-2-1

3-1

3 Adriana Hanover

(SSmith)

6-3-3

8-1

4 Piccolo Sogno

(AMiller)

2-1-X

4-1

6 One More Kid

(JMarshall)

5-3-7

15-1

7 At The Zoo

(PBerry)

2-4-X

12-1

8 Sugna

(TTetrick)

7-4-9

15-1

9 Sapelo

(JKakaley)

4-5-6

20-1

10 Kingapore

(RSchnittker)

6-4-6

12-1

SECOND: mile trot; $9,500; cond

1 Mr Candyman

(DAckerman)

2-1-1

7-2

9 Modern Family

(BSears)

5-9-5

5-2

8 Powell Blue Chip

(TTetrick)

5-2-3

9-2

2 Reverend

(DMiller)

1-1-1

6-1

3 My Cinnamon Girl

(SSmith)

9-6-6

20-1

4 Funny Photo

(JCampbell)

7-4-2

15-1

5 Sand Lover

(EAbbatiello)

1-2-4

12-1

6 Hope And Love

(AMiller)

6-1-2

10-1

7 Muscle Source

(CNorris)

4-1-1

8-1

10 Wygant Pearl

(DDube)

4-2-5

15-1

THIRD: mile trot; $14,000; cond

4 Ghirardelli Lindy

(AMiller)

8-2-2

3-1

3 Cathy's Princess

(RPierce)

5-10-4

15-1

6 Stir Me Up

(TTetrick)

10-1-4

7-2

1 Mojito

(DMiller)

3-3-6

6-1

2 PittypatHanover

(MLachnce)

8-6-4

15-1

5 Jake Be Nimble

(JCampbell)

9-6-4

20-1

7 Duluth

(DAckerman)

4-5-2

12-1

8 Pure Barre

(CCallahan)

6-2-1

10-1

9 Four Damsals

(BSears)

1-1-5

6-1

10 Mr Chicago

(YGingras)

2-4-3

9-2

FOURTH: mile pace; $14,000; cond

2 Notreadytobenice

(DMiller)

4-1-2

7-2

3 Ms Bettys Hope

(DDube)

2-1-3

5-1

5 Ramalama

(YGingras)

4-5-4

4-1

1 Heavens Bettorhalf

(BSears)

3-1-3

9-2

4 Gray Olives

(CCallahan)

7-9-7

10-1

6 Ryder Blue Chip

(TTetrick)

2-4-1

3-1

7 ClearViewHanver

(JCmpbell)

8-7-8

10-1

FIFTH: mile trot; $54,866; Simpson

6 Royal Shyster

(GBrennan)

3-1-5

5-2

3 My Mvp

(MLachance)

1-4-2

6-1

8 Googoo Gaagaa

(CCallahan)

1-1-8

4-1

1 Gym Tan Laundry

(BSears)

1-2-4

3-1

1 A Magic Tonight

(RPierce)

3-2-8

3-1

2 Another Amaretto

(Gingras)

8-8-1

20-1

4 No Frosting

(DMiller)

1-2-3

6-1

5 Increditable

(RSchnittker)

1-2-2

15-1

7 Fashion Astral

(TTetrick)

7-1-4

12-1

9 Jersey Boy

(DAckerman)

1-2-2

15-1

SIXTH: mile pace; $14,000; cond

6 Rub Thing

(RPierce)

5-4-1

3-1

5 Full Picture

(DMiller)

5-6-6

4-1

8 Wildfire Osborne

(PBerry)

2-1-2

6-1

1 Cuz She Can

(TTetrick)

4-1-4

6-1

2 Dragon Princess

(AMiller)

4-6-7

9-2

3 Stratus

(CCallahan)

1-2-3

15-1

4 Rockaround Sue

(BSears)

5-1-5

10-1

7 Summer Hope

(YGingras)

5-1-5

8-1

9 HonoraryHanover

(MLchnce)

7-1-5

15-1

10 Mcflirty

(DDube)

3-4-2

10-1

SEVENTH: mile trot; $51,375; Simpson

7 Loose Deuce

(CCallahan)

2-1-4

5-2

3 TalbotcreekJewely

(Tetrick)

3-2-10

4-1

2 She Wears It Well

(RPierce)

4-4-3

9-2

1 Starglow Hall

(DDube)

3-4-3

10-1

1 A Vanity Treasure

(CRyder)

10-3-4

10-1

4 KissnmakupHanover

(BSers)

6-7-3

15-1

5 Riverfest

(DMiller)

2-3-3

6-1

6 Mariongotchoclte

(JCmpbell)

5-3-4

15-1

8 Feegee

(MLachance)

8-2-2

12-1

9 Willing Wind

(AMiller)

2-2-8

6-1

10 The HeartLivesOn

(YGingras)

7-1-7

15-1

EIGHTH: mile trot; $20,000; cond

10 Sugar Queen Gabby

(DDube)

2-2-7

9-2

2 Don't KnowChip

(VCopeland)

2-8-2

6-1

6 Manningly

(AMiller)

8-1-3

7-2

1 Jezzy

(RSchnittker)

1-1-6

10-1

3 Unefoisdansmavie

(RPierce)

1-1-5

8-1

4 Sea Raven

(YGingras)

2-1-6

15-1

5 BeatgoesonHanover

(DMller)

4-1-5

6-1

7 Lanson

(MLachance)

4-6-3

15-1

8 Cameron Chip

(BSears)

3-1-6

3-1

9 Jaavos Boy

(TTetrick)

4-3-3

15-1

NINTH: mile trot; $14,000; cond

2 Opening Night

(JCampbell)

6-4-2

9-2

3 The Chancellor

(AMiller)

2-2-4

5-1

10 Chaplin Hall

(YGingras)

1-2-2

3-1

1 Coco Lindy

(TTetrick)

1-1-3

7-2

4 Carnegie

(RPierce)

1-2-8

8-1

5 Action Sj

(DDube)

1-2-6

15-1

6 Massive Drama

(BSears)

4-6-3

10-1

7 CelebrityPlayboy

(Callahan)

6-1-6

10-1

8 Muscolo

(RSchnittker)

4-1-3

15-1

9 Take Heart

(DMiller)

1-1-4

15-1

TENTH: mile pace; $20,000; cond

1 Mystical Diva

(BSears)

8-2-6

3-1

6 Synergy Seelster

(DMiller)

4-5-3

7-2

7 Nite Games

(JCampbell)

1-2-2

4-1

2 Radar Contact

(DDube)

7-1-6

5-1

3 Shayna Baby

(TTetrick)

9-3-6

12-1

4 Foxy Lady

(YGingras)

8-7-4

10-1

5 All About Kisses

(RPierce)

5-1-1

10-1

8 Bell On Wheels

(HLandy)

4-1-3

8-1

ELEVENTH: mile trot; $8,500; cond

8 Enough Talk

(RPierce)

4-6-4

7-2

3 Live Jazz

(RSchnittker)

6-2-3

3-1

10 Zuerest

(TTetrick)

3-9-10

9-2

1 Rev It Now

(AMiller)

3-1-4

8-1

2 B J's Erica

(PBerry)

8-6-6

20-1

4 GingerTreeWanda

(Lchnce)

4-2-3

5-1

5 New Zion

(YGingras)

9-5-6

10-1

6 Texas Ridge

(JCampbell)

6-8-3

15-1

7 Cuzzin Rob

(DMiller)

5-5-2

12-1

9 Wygant Knight

(DDube)

6-5-8

20-1

TWELFTH: mile pace; $11,825; cond

5 How 'BoutASmooch

(DMiller)

1-2-4

5-2

9 Thinkyoucandance

(Tetrick)

1-1-1

4-1

6 I've Got AFeeling

(CCallahan)

6-7-3

12-1

1 Natadora

(MLachance)

9-7-9

20-1

2 Pacin' Yankee

(BSears)

1-1-2

9-2

3 Bullville Ana

(DDube)

8-10-7

20-1

4 Momma Rock

(RPierce)

8-6-6

15-1

7 Major Crush

(YGingras)

1-6-3

6-1

8 Mikeleh

(JCampbell)

5-5-5

10-1

10 Rock Queen

(AMiller)

1-2-3

5-1

mile pace, mile pace, Powell Blue Chip, Piccolo Sogno, DMiller, DMiller, Sugar Queen Gabby, AMiller, AMiller

Nypost.com

NBA Playoffs

Favorite

Line

Underdog

76ERS

3 1/2

Bulls

CELTICS

6 1/2

Hawks

NUGGETS

1 1/2

Lakers

NHL Playoffs

Game 1,TBA

Favorite

Line

Underdog

Kings

$100-120

COYOTES

Odds to Win Series

Kings

$145-165

Coyotes

Home team in CAPS
Nypost.com

Less than a week after drafting his likely replacement, the Jets then hit Mike DeVito with a pay cut.

The Jets and the defensive end agreed to restructure his deal on May 2. DeVito went from making $3.11 million in 2012, the final year of his contract, to $2.5 million, according to a source. DeVito’s base salary went from $2.26 million to $700,000, according to NFLPA records.

DeVito, who started 22 games over the last two years, was likely forced to take the pay cut to retain his roster spot. The Jets drafted defensive end Quinton Coples with the 16th overall pick April 26, and Jets coach Rex Ryan already has said he expects Coples to start.

DeVito, 27, agreed to redo the final year of a three-year extension he signed in 2009, and recouped some of his base salary with a $950,000 signing bonus. He also has a $750,000 escalator in the contract based on playing time, which could earn all of the money back.

DeVito already has received a $500,000 roster bonus and a $350,000 workout bonus. That brings his guaranteed salary to $2.5 million this year, making it unlikely the team would cut him.

The Jets may have given DeVito an ultimatum to redo his deal or be released. On the same day DeVito restructured his pact, the Jets released defensive end Ropati Pitoitua. The Jets get $610,000 in salary cap room with DeVito’s new deal.

Coples is expected to start opposite Muhammad Wilkerson, but DeVito should still see significant playing time in the defensive line rotation.

brian.costello@nypost.com

Mike DeVito, DeVito, the Jets, Jets, Quinton Coples, base salary

Nypost.com

The Dow Jones industrial average fell for a fifth straight day on fears that Greece’s new government would reject labor reforms and terms of its national bailout.

The fears that gripped Athens sent the Dow down 190 points — before rallying in the afternoon to close at 12,932.09, down 0.6 percent.

The Standard & Poor’s 500 Index tumbled to four-year lows but snapped back to 1,363.72, off just 5.86. The Nasdaq also steadied to remain ahead 13.1 percent for the year, at 2,946.27.

Wall Street appears to be catching the cold that has been hampering Europe of late.

Across the continent, the markets’ slump erased all of the gains of 2012. The notable exception was Germany’s DAX, which remained up 9.3 percent for the year.

Only two months ago, Greece reached a rescue restructuring on about $390 billon of government debt, slashing it by half and writing new loans for much of the remainder — which some Greek politicians vow to ignore, at least for now.

Dow Jones industrial average, government, Nasdaq, fifth straight

Nypost.com

Best Bet: Light Headed (5th)

FIRST: mile; trot; $4000; cond

3 S F Sure Thing

(RHarp)

3-3-7

5-2

2 Doner Dream

(MForte)

6-3-3

7-2

6 Gotta Luv It

(GMerton)

5-1-2

4-1

1 Boriqua

(SMcaleese)

2-4-5

8-1

4 Billboard King

(RKrikorian)

3-2-3

3-1

5 Chrome Finish

(WParkerJr)

6-5-2

6-1

SECOND: mile; pace; $2500; cond

4 Daisy Belle

(MForte)

5-4-7

3-1

1 Jammin Sammie

(JTaggartJr)

x-x-x

7-2

3 I Deal Vic

(MMerton)

2-3-6

5-2

2 Camwow

(GMerton)

8-x-x

10-1

5 Barry Blue Chip

(WParkerJr)

5-x-x

9-2

6 Prince Lariat

(JMarohnJr)

5-x-x

6-1

7 SwashHanver

(KDIBenedett)

2-8-5

4-1

THIRD: mile; pace; $2700; cond

5 Caseys Cam

(WParkerJr)

3-1-5

3-1

7 High Street

(KSwitzerJr)

2-1-x

7-2

6 K J Kathy

(JTaggartJr)

7-1-2

5-2

1 Jk PearlsDelight

(JMoeykns)

6-8-8

6-1

2 Unending Love

(GMerton)

6-3-3

4-1

3 Prince Radiant

(JMarohnJr)

8-4-1

12-1

4 PremierCmelt

(KDIBenedett)

8-7-5

8-1

8 Hockey Mom

(MForte)

7-1-3

9-2

FOURTH: mile; pace; $2000; cond

3 JkDiamondnpearls

(JTggrtJr)

3-6-8

3-1

4 S F Exposed

(WParkerJr)

5-6-4

5-2

1 Terrific Seven

(JMarohn)

8-5-8

9-2

2 Artristocracy

(MForte)

7-8-8

10-1

5 Gallant Guy N

(CStratton)

7-7-6

12-1

6 FourStarzzzzLou

(JMarohnJr)

2-4-3

7-2

7 Armbro Chivalry

(RHarp)

7-6-5

8-1

8 Roan Shark

(KSwitzerJr)

6-7-7

5-1

FIFTH: mile; trot; $4000; cond

1 Light Headed

(GMerton)

1-7-8

5-2

4 StrengthsVictory

(WPrkerJr)

1-6-1

3-1

2 Big Z Fortune

(JMarohnJr)

2-1-1

7-2

3 Four StarzConway

(JMarohn)

7-9-2

4-1

5 Youll Miss Allot

(JTaggartJr)

5-2-7

8-1

6 Motown Dreamgirl

(MForte)

2-5-8

10-1

7 Thirty Trips

(KSwitzerJr)

4-2-2

9-2

SIXTH: mile; pace; $2500; cond

2 Chloe Seelster

(JMarohnJr)

2-3-9

3-1

5 Lady Belle

(JTaggartJr)

5-4-7

5-2

4 Fulla Love

(NClegg)

4-2-7

4-1

1 Kelly Blue Chip

(MForte)

6-6-5

12-1

3 TwontrmpHnver

(KSwtzerJr)

5-7-3

9-2

6 Record Shows

(CStratton)

7-4-6

8-1

7 Rustikana

(GDeckerJr)

3-7-3

7-2

8 Lukes Dotty

(JMoeykens)

3-5-6

10-1

SEVENTH: mile; pace; $4000; cl($2300)

3 Mr Socks

(GMerton)

1-1-4

5-2

4 Eagle Mcnair

(KDIBenedetto)

2-2-2

3-1

1 Ouzo

(KDevaux)

1-4-7

4-1

2 Foomanchu

(DdMiller)

6-2-2

8-1

5 Sandri Hanover

(KSwitzerJr)

4-1-2

9-2

6 Tree Light

(MMerton)

7-1-7

10-1

7 P H Rockstar

(JMarohnJr)

1-2-1

7-2

8 SweepstakeJake

(WParkrJr)

9-8-1

12-1

EIGHTH: mile; trot; $5100; cond

1 Iroquouindinmgc

(ASchwrtz)

8-1-2

9-2

3 Rose Run Kevin

(WParkerJr)

2-3-3

7-2

2 Income De Vie

(JMarohnJr)

4-1-7

4-1

4 Windsun Pride

(SMcaleese)

7-2-5

8-1

5 Imallottocatch

(MForte)

3-4-3

3-1

6 My Cool Breeze

(MMerton)

5-3-8

10-1

7 Get Chipped

(JTaggartJr)

8-7-5

5-2

NINTH: mile; pace; $4000; cl($2000)

2 Get Out of Tune

(MMerton)

3-3-5

3-1

3 Mr Express

(JMarohnJr)

3-5-3

5-2

5 Michael C Hanover

(MForte)

3-5-6

7-2

1 Crazy Character

(RVinci)

5-4-4

9-2

4 Fifth Street

(JTaggartJr)

6-6-5

8-1

6 LogansDragon

(KDIBendett)

5-4-3

10-1

7 Basso Hanover

(KSwitzerJr)

5-3-6

4-1

8 Knucklehead

(WParkerJr)

5-5-4

6-1

TENTH: mile; trot; $2000; cond

3 Our Special Girl

(WParkerJr)

4-1-5

5-2

1 StormontWles

(KDIBenedett)

8-8-6

3-1

7 Hunting Lodge

(MForte)

5-2-8

4-1

2 LeavesandTwigs

(PLutmnJr)

4-7-4

9-2

4 Danger Hall

(KSwitzerJr)

8-4-2

5-1

5 Bonair

(JJuckas)

6-4-6

10-1

6 Marquee T

(GAnnaloro)

5-8-5

8-1

8 Cash Mccoy

(JMoeykens)

8-2-2

12-1

ELEVENTH: mile; pace; $2000; cond

2 Davids Road

(MForte)

3-4-4

7-2

3 Windmill Fella

(KSwitzerJr)

8-6-5

5-2

6 FoxValleySosa

(KDIBendett)

7-5-5

4-1

1 Hi HopesCruiser

(SMcaleese)

4-5-6

9-2

4 Coracamm

(WParkerJr)

4-7-5

6-1

5 Always Right

(GAnnaloro)

5-5-8

10-1

7 Just Sit N Wait

(JTaggartJr)

3-3-7

3-1

8 Super Killean

(GMerton)

7-6-6

12-1

TWELFTH: mile; pace; $4000; cl($2000)

1 Eden First

(MForte)

6-7-3

3-1

4 P H Breakaway

(GMerton)

7-6-6

7-2

6 Borilla

(KSwitzerJr)

8-3-4

9-2

2 Up Front J S

(CWashington)

8-7-8

12-1

3 Cheyenne Ryan

(JTaggartJr)

4-5-5

4-1

5 Kennairnsmilenwve

(GAnnlr)

5-3-6

6-1

7 Mister Mystic N

(WParkerJr)

4-6-5

5-2

8 Lindwood Native

(MMerton)

6-5-6

10-1

pace, mile, Barry Blue Chip

Nypost.com

Overnight thunderstorms kept the main track muddy and again all Belmont Park turf races were switched to the main track.

That was no problem for Risky Rachel, who took command on the far turn and drew off to an impressive 4 3/4- length victory in the $80,750 Put the Powder To It Stakes.

She was trained by Juan Coronel, who is now two for two in his training career, both victories coming with Risky Rachel.

Ridden to victory by Cornelio Velasquez, she ran the 6 1/2 furlongs in the mud in 1:17.10.

SEVENTH RACE: Race was switched to the main track and the field reduced to five.

What made this more difficult to handicap for bettors was the fact that four of the five runners in the race were first-time starters.

Bettors went with experience and made Beautiful one, the only horse with a start under her belt, the 3-2 favorite.

She did not break well and had to chase pacesetting Phantasticus. On the far turn, Resonating took over the lead and drew off to win by 4 3/4 lengths while Beautiful One ended up third, 13 3/4 lengths back.

10TH RACE: It was the opinion of some the inside part of the track today was not good, and it was advisable that jockeys keep their mounts off the rail as much as possible. Unfortunately Black and White may have taken it to the extreme.

After breaking sharply out of the gate, Black and White was setting the pace while out in the ten path, like in an Ussery’s Alley move, while racing down the backstretch.

Turning for home Black and White still had the lead but traveling the extra distance started to take a toll on her.

She tired badly to be third, being passed by first-time starter as eventual winner Garnet Street and Double Berg.

PICK SIX

Winning numbers

6-11-8-8-8-7

2 winners

Paid $11,754

245 winners (5 of 6)

Paid $79

No carryover

Juan Coronel, Cornelio Velasquez, Belmont Park turf races, Black and White, Rachel

Nypost.com