Saturday, 29 Jun 2024

Morgan Stanley Turns Gloomier on Emerging Market Debt

Beto O’Rourke Links ‘Racist’ Donald Trump To Deadly El Paso Shootings

Democratic presidential candidate Beto O’Rourke on Saturday blamed Donald Trump in part for the deadly El Paso shootings that killed 20 people because he said the president’s “racism” leads “to violence.”

O’Rourke attacked the president when he was asked by an ABC News reporter if Trump had any responsibility for the violence in El Paso.

“Yes,” O’Rourke flatly responded.

“We’ve had a rise in hate crimes every single one of the last three years, during an administration where you have a president who’s called Mexicans rapists and criminals,” said the former Texas congressman and El Paso native.

“He is a racist, and he stokes racism in this country,” O’Rourke added.” It does not just offend our sensibilities; it fundamentally changes the character of this country and it leads to violence.

There was no immediate response from the president.

Trump, who was at his New Jersey golf course, tweeted “heartfelt thoughts and prayers” to the “great people of Texas” Saturday night several hours after the late-morning shooting. 

Earlier, the president retweeted a USA Today headline noting that he “pledges full support for El Paso shooting victims.” 

Twitter critics were eager to remind Trump that he has done nothing about gun control — and that his attacks on immigrants and people of color may have fueled the violence.

BREAKING: Fukushima rocked by massive 6.5 magnitude earthquake

In 2011 a massive 9.0 magnitude earthquake triggered a tsunami which caused a nuclear accident in Fukushima. 

The Japanese town was abandonded after the 2011 quake and 200,000 people were evacuated in totoal. 

Surrounding areas of the town are still classed as uninhabitale as a result of radiation. 

Earthquakes are common in Japan and account for about 20% of the world’s earquakes with a magnitude of 6 or greater. 

HK police fire teargas as China says it will not 'sit idly by'

HONG KONG (Reuters) – Police in Hong Kong fired tear gas to disperse hundreds of protesters on Sunday, a day after violent clashes between anti-government protesters and police, as China’s official news said Beijing would not let the situation go on.

The Chinese-controlled city has been rocked by months of protests against a proposed bill to allow people to be extradited to stand trial in mainland China and a general strike aimed at bringing the city to a halt is planned for Monday.

Iranian fighter jet crashes in southern province, two onboard safe: Mehr

(Reuters) – Iran said on Sunday that one of its fighter jets had crashed in the southern province of Bushehr because of technical problem, the semi-official Mehr news agency reported, adding that two people onboard the jet were safe.

“The fighter jet crashed due to technical issues in the Tangestan area. Its pilot and co-pilot are safe,” Mehr quoted the governor of Tangestan Abdolhossein Rafiipour as saying.

Tangestan is a county in Iran’s Bushehr province.

An MLB fan threw 96 MPH. He’s now under contract

(ARGUING ABOUT) COLLEGE FOOTBALL IS BACK!

Clemson quarterback Trevor Lawrence (16) is ready to dominate college football once again. (Photo: Kelley L Cox, USA TODAY Sports)

OK, we tease this every week, but it's August, and there are football games in August, so we busted out the Amway Coaches Poll last week. Don't freak out, but Clemson is No. 1. Alabama is No. 2. We know; WILD stuff. As George Schroeder writes, college football is being dominated by a handful of programs. And Paul Myerberg explains how, exactly, Clemson became Clemson. Here's a detailed breakdown of every Top 25 team's outlook. And since coaches don't know everything, these teams are overrated and these teams got snubbed. 

Morgan Stanley Turns Gloomier on Emerging Market Debt

In this article

Morgan Stanley has turned bearish on emerging-market Eurobonds, saying that a “surprisingly hawkish” Federal Reserve and worsening trade tensions are piling pressure on developing nations.

“The backdrop for EM has worsened in several ways in a short space of time,” analysts, including London-based James Lord and Jaiparan Khurana, said in a note on Friday. “All this justifies a more cautious stance and will likely worsen an already weak global-growth backdrop.”

The Wall Street bank removed a bullish call on emerging currencies a day earlier for similar reasons.

While the Fed cut rates last week, it signaled it hadn’t started an easing cycle. That was key for emerging markets and means the U.S. central bank is now “behind the curve in its monetary-policy stance and underestimating the risks associated with the economic outlook,” Morgan Stanley said.

In addition, the U.S. will increase debt issuance in August, which will reduce dollar liquidity in emerging markets, the bank said. It recommended that clients reduce exposure to sovereigns with single-B credit ratings, including Ghana and Ukraine.

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