Morgan Stanley's Zezas Expects Yields to Move Lower
Bloomberg Markets: The Close
Morgan Stanley Managing Director Michael Zezas discusses the impact of the Trump administration's tariff policy on sentiment and markets. He speaks on "Bloomberg The Close." (Source: Bloomberg)
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Miami Herald
15 minutes ago
- Miami Herald
What you need to know about Trump's travel ban on Cuba, Haiti and Venezuela
The Trump administration announced in a proclamation on Wednesday that it will ban nationals from Haiti from entering the United States and partially limit Cubans and Venezuelans from coming into the country. Here is a breakdown on how the travel ban will work. What does the proclamation do? The proclamation restricts the entry of nationals from a dozen countries starting on June 9. Nationals from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela are under a partial ban. That means that immigrants and nonimmigrants on tourist, business and student visas are banned under the proclamation. Nationals from Afghanistan, Burma, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen are subject to a full visa suspension for both immigrants and non-immigrants. The proclamation applies to nationals from the designated countries who are outside the United States and don't have a valid visa on the effective date of the proclamation. However, there are some exceptions for entry under both categories that the proclamation mentions. Why are Cuba, Haiti and Venezuela included? The proclamation noted the high rates of overstays in the United States by visa holders from Haiti, and said the country's lack of a centralized government means it cannot vet if Haitian nationals looking to come to the U.S. are national security threats. On Cuba, the Trump administration said the island is considered a state sponsor of terrorism and that its government does not cooperate on law enforcement matters or take back its own nationals as deportees. It also declared that Venezuela lacks a competent central authority for issuing passports or civil documents, and does not have appropriate screening and vetting measures. The federal government will evaluate in three months, and every six months after that, whether or not to keep or end the bans for each country. What visas from Cuba and Venezuela are banned? Tourism, business and student visas from Cuban and Venezuelan nationals are subject to the suspension. That means non immigrant visas under the categories B-1, B‑2, B-1/B-2, F, M, and J, What visas from Haiti are affected? All visas from nationals of Haiti as immigrants and nonimmigrants are suspended, though there are some limited exemptions. What visas are exempted under the travel ban? The proclamation notes there are exceptions for visa suspensions. That includes: Green card nationals who have a passport not designated under the travel visas under categories IR-3, IR-4, IH-3 and relatives of U.S. citizens with IR-1/CR-1, IR-2/CR-2, IR-5 visas. Entry intro the U.S. will require clear and convincing proof of identity and family relationships like foreign government officials and members of international organizations with visa categories A-1, A-2, C-2, C-3, G-1, G-2, G-3, G-4, NATO-1, NATO‑2, NATO-3, NATO-4, NATO-5, or Special Immigrant Immigrant Visas for United States Government visas for ethnic and religious minorities facing persecution in Iran. The proclamation also notes the federal government can make case-by-case exceptions for people who serve American national interests. Why did Trump enact the ban? In the proclamation, the Trump administration framed the measure as a way to protect the United States from terrorism and crime, arguing that the designated countries lack adequate screening and vetting procedures. It also claimed that these nations are unable to effectively manage or verify the travel documents of their citizens. Is this the first travel ban issued under Trump? No. In his first term, Trump issued several travel bans for different countries. The first was issued in January 2017 when he imposed a 90-day ban on nationals from Iran, Libya, Somalia, Sudan, Syria and Yemen, and barred entry for all refugees without a visa or valid travel documents for 120 days. In March 2017 a second travel ban was enacted that targeted nationals from six Muslim-majority countries. The third was issued in September 2017, expanding the restrictions and banning nationals from Iran, Libya, Somalia, Syria, Yemen, Chad, Venezuela and North Korea from entering the U.S. In the case of Venezuela, certain government officials and their immediate family members were banned, but not to its nationals in general on tourist or business visas.
USA Today
16 minutes ago
- USA Today
A look at Trump's travel ban timeline throughout his first presidency
A look at Trump's travel ban timeline throughout his first presidency Show Caption Hide Caption What to know about travel bans and who they could affect Immigration law allows presidents to restrict travel into the U.S., but President Donald Trump's bans have been more sweeping than past presidents. President Donald Trump signed a proclamation on Wednesday banning or restricting travel of foreign nationals from several countries, reminiscent of his first administration when he banned travelers from seven majority-Muslim countries in 2017. The ban, which goes into effect on June 9, affects Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. The entry of people from seven other countries: Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela, will be partially restricted. The travel restrictions were first reported by CBS News. "We will not allow people to enter our country who wish to do us harm,"Trump said in a video posted on X, formerly Twitter. He said the list could be revised and new countries could be added. Since returning to the White House for his second term, the president has vowed to replicate the impact of his original travel bans, which stirred several legal battles with courts that blocked the mandate. Here's a timeline of what ensued then. See events of Trump's first travel ban Jan. 27, 2017: Trump issues an executive order entitled "Protecting the Nation from Foreign Terrorist Entry into the United States." It suspends travel from Iran, Iraq, Libya, Somalia, Sudan and Yemen for 90 days, blocks refugees for 120 days, and suspends travel from Syria indefinitely. Jan. 28: Chaos reigns at U.S. airports as Department of Homeland Security agents block travelers from entering the country, leading to protests and legal action. Feb. 3: Federal District Court Judge James Robart in Seattle issues a nationwide restraining order that blocks the travel ban from being implemented. Feb. 9: TheU.S. Court of Appeals for the 9th Circuit, based in San Francisco, refuses to reinstate the ban, ruling that it violates due process rights without a sufficient national security justification. March 6: Trump issues a revised travel ban targeting only six countries and exempting visa- and green card-holders in an effort to reverse his fortunes in the courts. March 15: Federal District Judge Derrick Watson in Hawaii issues a nationwide halt to the revised travel ban on immigrants and refugees. March 16: Federal District Judge Theodore Chuang in Maryland blocks part of the travel ban that applies to travelers from six predominantly Muslim nations. May 25: TheU.S. Court of Appeals for the 4th Circuit, based in Richmond, upholds the ruling from Maryland on the basis of religious discrimination against Muslims. June 12: The 9th Circuit appeals court upholds the ruling from Hawaii, saying the ban discriminates based on nationality. But it clears the way for a review of screening practices. June 26: The Supreme Court upholds parts of the ban and schedules oral arguments for October. In the meantime, travelers in a wide range of visa categories must prove their connection to a U.S. organization or individual in order to avoid the ban. Sept. 24: Trump issues his third version of the ban following what the administration says was a deep dive into international vetting procedures. Included indefinitely: Iran, Libya, Somalia, Syria, Yemen, Chad, North Korea and Venezuela. Chad was recently dropped from the list. Oct. 17: Judge Watson in Hawaii blocks the third version nationwide, writing that it "suffers from precisely the same maladies as its predecessor" and "plainly discriminates based on nationality." Oct. 18: Judge Chuang in Maryland says much the same thing, ruling that it still constitutes a "Muslim ban" that violates the Constitution's protections against religious discrimination. Dec. 4: The Supreme Court rules that the ban can take full effect while legal challenges continue in federal appeals courts. The justices urge those courts to render decisions "with appropriate dispatch." Dec. 22: A three-judge panel of the 9th Circuit appeals court rules against the ban in part, contending that Trump exceeded his authority under federal law. Jan. 19, 2018: The Supreme Court agrees to hear the Justice Department's appeal of the 9th Circuit ruling, leading to oral arguments. Feb. 15: The full 4th Circuit appeals court again declares the ban unconstitutional based on its discrimination against Muslims. April 25: The Supreme Court hears oral arguments on the appeal of the 9th Circuit ruling. Conservative justices appear sympathetic to the administration's stance. June 26: The Supreme Court reverses the 9th Circuit's ruling, handing a major victory to Trump. June 31, 2020: Trump adds visa restrictions to six more countries including Eritrea, Kyrgyzstan, Myanmar, Nigeria, Sudan and Tanzania. The White House said those nations failed to "comply with basic national security" requirements or to conduct "proper identity management" procedures. USA TODAY's Joey Garrison and Reuters contributed to the reporting of this story
CNN
19 minutes ago
- CNN
Trump Amid Weak Jobs Report: 'Too Late' Powell Must Lower Rates - Erin Burnett OutFront - Podcast on CNN Audio
Trump Amid Weak Jobs Report: 'Too Late' Powell Must Lower Rates Erin Burnett OutFront 48 mins Trump takes on the Federal Reserve president for bad jobs numbers. Plus, Trump announces to the world that Putin is about to attack Ukraine as revenge for an air assault. Also, a Chinese couple is charged with trying to smuggle a dangerous biological pathogen into the United States, capable of decimating crops and poisoning humans.
