U.S. and Britain discuss trade deal that could take effect on Nov. 1

© Reuters. U.S. National Security Advisor John Bolton arrives for a meeting with Britain's Chancellor of the Exchequer Sajid Javid  at Downing Street in London © Reuters. U.S. National Security Advisor John Bolton arrives for a meeting with Britain’s Chancellor of the Exchequer Sajid Javid at Downing Street in London

LONDON (Reuters) – Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday.

The official also said visiting U.S. national security adviser John Bolton and British trade minister Liz Truss had discussed the possibility of the two countries’ leaders signing a road map declaration toward a trade deal at this month’s G7 summit meeting in France.

The official told reporters that Bolton and British finance minister Sajid Javid had discussed the possibility of a temporary trade agreement that covered all sectors and could last for something like six months.

During his two-day London visit, Bolton told British Prime Minister Boris Johnson that President Donald Trump wanted to see a successful British exit from the European Union on Oct. 31 and that Washington would be ready to work fast on a U.S.-UK free trade agreement.

Bolton, who has now left Britain, was seeking an improved U.S.-British relationship with Johnson after sometimes tense ties between Trump and Johnson’s predecessor, Theresa May.

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Thousands of migrant children could be detained indefinitely

Watch the full report on “CBS Evening News with Norah O’Donnell” at 6:30 p.m. ET.


An unprecedented number of unaccompanied migrant children are at risk of spending the rest of their childhoods in federal custody, CBS News learned in an exclusive interview with the head of the Office of Refugee Resettlement (ORR), the agency that cares for these children. 

The federal government is required to pursue “prompt and continuous efforts toward family reunification” of unaccompanied migrant children, according to a landmark court settlement, but for thousands of kids in ORR care, that reunion may never happen.

“Unfortunately, I have well over 4,000 of those children in my care at this time at the Office of Refugee Resettlement,” the director, Jonathan Hayes, told CBS News in June. “So conceivably someone could come into our care at 15 years old and not have an identifiable sponsor in the United States and remain with us for a few years.” 

On their 18th birthdays, many of the children will be taken from ORR’s youth holding facilities, referred to as shelters, to adult detention centers operated by Immigration and Customs Enforcement (ICE).

The number of children in this group has risen sharply in recent years, an “alarming” and “deeply concerning” trend, according to three former agency officials who spoke with CBS News. 

Children in ORR custody are labeled internally as belonging to one of four groups: Category One children have an identified parent or legal guardian — referred to as a sponsor — in the U.S.; Category Two kids may end up with a relative; Category Three children have potential sponsors who identify as distant family or close family friends.

The children who may be stuck in federal custody — Category Four — have no identifiable sponsor, according to the government.

As of June, Category Four children represented roughly one-third of all kids in ORR care, a far greater portion than in past years, according to former ORR Director Bob Carey, who served during the last two years of the Obama administration. 

“It’s deeply concerning. It’s a significant increase from what we saw during the Obama administration. I think the numbers were really small, I would think under 10 percent,” said Carey, who is now a policy adviser at the nonprofit Exodus Institute. 

A February 2016 report by the Government Accountability Office called the use of Category Four designations “rare.” 

Another former ORR official, who asked not to be named, called the sudden change troubling. “Having a third of kids be CAT 4, there’s something that’s strange about that,” the former ORR official said. “That’s alarming to me, particularly because the system was never designed for long-term care.”

Why so many migrant kids could be held indefinitely

A landmark 1997 court settlement known as the Flores Agreement requires the federal government to try to unite unaccompanied migrant children with relatives as quickly as possible. However, those efforts may be harder to fulfill than in previous years, according to Mark Greenberg, former Acting Assistant Secretary of the Administration for Children and Families, which oversees ORR. Greenberg said potential sponsors may be too afraid to come forward, a view shared by Carey and the other former ORR official. 

All three said they’ve long feared that the Trump administration’s immigration policy changes would have a “chilling effect” on potential sponsors. They cited the “zero tolerance” initiative that separated children from parents and a now-scrapped 2018 rule mandating that all members of a sponsors’ household be fingerprinted, as well as talk of raids by ICE

Agency statistics show in fiscal year 2018 there was a dramatic drop in the percentage of children released from ORR care compared to previous years.

Separated from his father, then labeled Category Four

Texas attorney Ricardo de Anda represents a 9-year-old former Category Four boy who was separated from his father in May 2018 as a result of “zero tolerance.” They fled Guatemala after the father, an Evangelical Christian, had been “brutally attacked and tortured by members of (the 18th Street Gang) because of … preaching against a life of crime,” according to a federal court complaint filed by de Anda.

The father was sent back to Guatemala and is in hiding, but has had maintained contact with U.S. attorneys. With no other family in the U.S., the boy was classified as Category Four. During the next nine months he would be moved to four different ORR facilities, breaking his leg along the way, according to de Anda. 

De Anda located a family who wanted to take the boy in, and introduced the boy’s parents to them through a series of video conferences and phone calls. The father signed forms at the U.S. Embassy in Guatemala agreeing to designate the family as the boy’s sponsor.

ORR rejected the request, according to court documents. “Per policy, we are not able to reunify any child with people that are not known by the family,” the agency wrote to de Anda. That policy is known as the “pre-existing relationship” rule.

The boy sued and was allowed to go live with the sponsor family. ORR did not respond to questions about the boy’s case.

De Anda thinks more kids should get the opportunity afforded his client. He says the government should get rid of the Category Four classification altogether.

“The reason children are stacking up in in these detention camps is because ORR does not allow qualified American families to take these children in,” de Anda said. “I know for a fact, just from my practice, how many Americans are willing to open their doors to take these children in. But the door is absolutely closed to them. And as a result these children are stacking up and they’re languishing.”

For many kids in long-term ORR care, life can be particularly unstable, said attorney Neha Desai, Director of Immigration at the nonprofit National Center for Youth Law.

“A couple of kids I can think of off the top of my head have been in our custody literally for years, bouncing up and down (between various facilities),” Desai said. 

She said kids are often beholden to the case workers tasked with vetting their sponsors. 

“A case worker that is actively and creatively exploring options for a youth may be able to pursue a potential sponsor that another less zealous case manager may have never identified in the first place,” Desai said. 

Some Category Four children end up in ORR’s foster care system, but the majority remain in ORR’s network of nearly 170 shelters, some of which have been the subject of withering widespread criticism. The largest such shelter, in Homestead, Florida, was criticized in May by some of its own child residents in the form of testimonials filed in court. Children there described fear and anxiety over punishment for breaking seemingly small rules — showering too long, or hugging a sibling in violation of a no-touching policy.  

An Amnesty International report released July 17 found at least 97 Category Four children in Homestead. The facility’s director said that for children without sponsors, the preference is for them to be “repatriated,” or deported, rather than risk that they remain in a non-relative’s home where trafficking could be a risk.

“Amnesty International is alarmed by this rationale, which could result in children being unlawfully returned to harm in the countries that they fled,” the report’s authors wrote. 

Keeping count

As attorneys, advocates and former ORR officials track similar cases, they question how the system could be both seemingly overflowing with unplaceable kids, while also apparently becoming more efficient by the day. 

Agency statistics show the average length of care for migrant children dropping from a high of 93 days in November 2018 to as low as 45 days in June. 

“I’m not sure how those numbers are being calculated, because it doesn’t really make sense if some children are not being released to sponsors and they’re staying in our care,” Carey said. 

He and others said they want the agency to release statistics that differentiate between the average length of care for children who have been released, and the average length of care for all children currently in ORR custody.

ORR did not reply to questions seeking average statistics that differentiate between the average length of care for children who are released, and the average length of care for the agency’s entire population, including those who remain in custody.  

ORR statistics show the overall population of unaccompanied migrant children has decreased from more than 13,000 in June to 10,100 as of Tuesday, amid an annual summertime decrease in immigration across the southern border. It is not clear if the number of children labeled Category Four has also decreased during that time.

“They could be indefinitely in our custody which is not a healthy situation for children, not knowing what their future is, not having access to recreation, education, being separated from their family members. And these children are for the most part already traumatized,” Carey said.

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Trump says he could impose more tariffs on China if he wanted

Comments from Trump:

  • Europe and China are pumping money into their systems
  • Says he could impose more tariffs on China if he wanted
  • Says he expects some action from German car company
  • Tariffs only having positive impact on US
  • We have a long way to go with China on trade
  •  Lowering interest rates would boost stock market

Stocks don’t like the latest Trump comments.
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Video: What to watch for in the non-farm payrolls report and why CAD could rally

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Baghdad could feel effects of U.S. economic sanctions against Iran

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Why YouTube “could be a lot safer” for kids

YouTube is currently facing a federal investigation led by the Federal Trade Commission. The platform has been accused of illegally collecting data on children.

Consumer groups allege that YouTube exposed children to inappropriate content, and failed to police videos featuring minors. In February, Wired reported on pedophiles using YouTube comment sections to guide other predators to videos of children. The site has since disabled the comments feature under those videos.

Both YouTube and the FTC declined to comment when CBS News asked about the investigation. But Nick Thompson, editor-in-chief of Wired, believes the platform still has a ways to go when it comes to safety.

“I think YouTube could be a lot safer,” Thompson said. “YouTube has a special app – YouTube Kids – that is much safer. There are things you can do on YouTube, you can go into the settings and turn on restricted mode, that can make YouTube more safe, and make it less likely your kids will see inappropriate videos. But the nature of the internet, the nature of YouTube, the amount of stuff that’s on there – yes, there are real risks with it.”  

Data collection isn’t the only risk. “There’s a whole constellation of complaints,” Thompson said, referring to the FTC investigation, the claim that the recommendation algorithm leads kids to disturbing content, and the allegation that the platform allows people with inappropriate thoughts about children to communicate.

“They’re all serious,” he said.

There is good news: YouTube appears to be trying to solve the problem. The platform is working on offering easier to use preferences for controlling comments, adjusting their algorithm, and building AI filters that more quickly identify inappropriate content.

“They’re trying and it seems like they’re getting better,” he said. “This is a hard problem.”  

YouTube has solved complicated problems before: when it looked like copyright issues could bring down the platform in its early years, the company figured out how to identify and remove illegal content.

“They got really good at that one,” Thompson said. “They didn’t get good at the safety stuff.”

Until the problem is fully solved, Thompson said that parents should stay with their kids while they’re watching YouTube.  If that’s not practical, he said, limit their alone time on the platform as much as possible.

“Ten minutes is okay. The recommendation algorithm is not going to lead anybody to anything terrible in ten minutes,” he said. “Leave them for 30 minutes in front of the recommendation algorithm … woah.”   

© 2019 CBS Interactive Inc. All Rights Reserved.

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It turned into a rough day for cable and there could be more pain to come

GBP/USD down 85 pips on the day

GBP/USD down 85 pips on the day

The story in markets today is really the US dollar and its broad gains but those moves have put some important support levels into play.

One is in cable as it flirts with the May 31 low of 1.2955. There’s about 40 pips of breathing room that remains but I think it will be the USD side that determines which way it goes, with the Fed on Wednesday as the main catalyst.

The other catalyst this week has been disappoint UK data. The numbers were roundly poor and while that may be Brexit-related, at some point it will be time for UK politicians to set about getting the economy moving. Unfortunately, that’s still months away at best.

For now this chart is looking ominous but it all hinges on what happens over the next couple weeks with the Fed and China trade war. If the trade war deteriorates, I think the pound can do well, even in a time of risk aversion. As for the UK leadership, I think that party unity is the only factor that really matters and I’m not optimistic.

On the UK economic calendar next week :

  • CPI Wednesday
  • Retail sales Thursday
  • BOE Thursday

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Forex – Sterling Falls on Reports That Theresa May Could Resign in June

© Reuters.  © Reuters.

Investing.com – Sterling was lower on Thursday after reports that U.K. Prime Minister Theresa May will step down over the summer regardless of whether or not her Brexit withdrawal agreement passes.

Cable was down 0.4%, with at 1.2790 as of 10:16 AM ET (14:16 GMT). Parliament is expected to vote on the Brexit agreement in June and the prime minister has previously said she would step down if the plan is passed.

Boris Johnson confirmed earlier that he would run to replace May.

Meanwhile, the dollar gained after jobless claims rose less than expected.

The , which measures the greenback’s strength against a basket of six major currencies, was up 0.3% to 97.643.

Data showed that the number of people applying for fell to 212,000 from the week prior, as the U.S. economy continues to be strong.

The dollar was up against the safe-haven yen, with rising 0.2% to 109.82.

Elsewhere, the euro slipped, with falling 0.2% to 1.1172 while was at 1.3428.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Rise of the renminbi could be the story of the next cycle

As China rises, so will the Chinese currency

It will take years but the world is looking to de-dollarize and that will give rise to the Chinese renminbi.

Investec Asset management argues that countries irked by US geopolitics and power, including the EU and China will want to cut their exposure to the dollar. Beijing would also prefer to borrow in its own currency.

“Every central bank I met last year asked how do I get out of dollars,” said Hayden Briscoe, head of Asia-Pacific fixed income at UBS Asset Management. “More renminbi is now traded in London than sterling.”

As China rises, so will the Chinese currency

The rise of the Renminbi can only come if China liberalizes yuan flows. It was working in that direction and yuan-denominated trade was 2.8% of crossborder payments in 2015 but that was halved in the aftermath of run on the currency in August of that year. It’s only bounced back to 2.1% as capital controls continue.

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Hope that nurse held for years by ISIS could still be alive

Red Cross worker Akavi is seen in this undated handout photo released by ICRC
Red Cross worker Louisa Akavi, a New Zealand national, is seen in this undated handout photo released by the International Committee of the Red Cross (ICRC), April 14 2019. ICRC/HANDOUT

Wellington, New Zealand — New Zealand’s foreign minister confirmed Monday that a New Zealand nurse has been held captive by ISIS militants in Syria for almost six years, information long kept secret for fear her life might be at risk. The status of nurse and midwife Louisa Akavi, now 62, is unknown, but her employer, the International Committee of the Red Cross, says it has received recent eyewitness reports suggesting she might be alive.

The New York Times on Sunday became the first media organization to name Akavi, ending a more than 5 ½-year news blackout imposed by New Zealand’s government and the Red Cross with the cooperation of international media.

The collapse of the Islamic State of Iraq and Syria (ISIS) has raised hopes that Akavi and the two Syrian drivers kidnapped with her might now be discovered.

In a statement, the ICRC said that as recently as December, Akavi may have been seen by at lest two people at a clinic in Sousa, one of ISIS’s last outposts. There were also reported sightings in 2016 and 2017, Red Cross officials said.

Reporter’s Notebook: Covering the final push against ISIS

“We continue to work together (with the Red Cross) to locate and recover her,” New Zealand Foreign Minister Winston Peters said. “This has been a uniquely complex and difficult case. “Louisa went to Syria with the ICRC to deliver humanitarian relief to people suffering as a result of a brutal civil war and ISIS occupation.”

“Where a New Zealander is held by a terrorist organization, the government takes all appropriate action to recover them. That is exactly what we have done here,” Peters said.

Peters said New Zealand had sent a small multi-agency team, including special forces, to Iraq to gather information on Akavi.

“This has involved members of the New Zealand Defense Force, drawn from the Special Operations Force, and personnel have visited Syria from time to time as required,” he said. “This noncombat team was specifically focused on locating Louisa and identifying opportunities to recover her.”

Akavi was taken captive in 2013 in the city of Idlib in northwest Syria. It is believed she was offered for ransom and may have been used as a human shield. New Zealand’s government believed at one point that she may have died. But there are hopes her medical skills might have caused her captors to spare her.

Akavi’s family said they miss her and are proud of the work to which she’s dedicated her life.

“We think about her every day and hope she feels that and finds strength in that,” said a video statement issued by family spokesman Tuaine Robati. “We know she is thinking of us and that she will be worried about us too.”

New Zealand’s government is reported to have opposed the ICRC’s decision to allow The New York Times to report Akavi’s name and nationality.

At a news conference Monday, Prime Minister Jacinda Ardern refused to answer questions about Akavi but indicated she was disappointed the ICRC had gone public before her fate had been learned.

“You’ll forgive me, I hope, for not commenting on that case,” Ardern said. “It remains the government’s view that it would be preferable if the case was not in the public domain.”

Dominik Stillhart, director of operations for the ICRC, said the organization had decided to permit publication in the hope it would elicit new information on her whereabouts.

“We have not spoken publicly before today because from the moment Louisa and the others were kidnapped, every decision we made was to maximize the chances of winning their freedom,” Stillhart said in a statement. “With Islamic State group having lost the last of its territory, we felt it was now time to speak out.”

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