Funerals for Americans killed in Mexico ambush draw thousands

Last Updated Nov 7, 2019 7:27 PM EST

Under tight security Thursday, hundreds of people gathered for the first funeral for the nine American women and children killed in an ambush in Mexico this week. A mother and her two sons were laid to rest, and more will be buried in the coming days.

The first victims of the ambush to be laid to rest were carried in coffins handmade by relatives, tailored to the small bodies of those who are gone: 2-year-old Rogan, 11-year-old Trevor and their mother, Dawna Langford, were buried. The six others will be laid to rest in their home towns.

Outside the funeral, there was a heavy police presence.

The horror of the massacre is palpable in voice messages family member Kendra Lee Miller sent to others. The messages were first obtained by CNN.

“Dear God, everybody pray. Officers just came and said my mom’s suburban is blown up, up on the — by the hill.  Everyone, please pray,” they said. “Dear God, pray for us all.”

Robert LeBaron traveled for the funerals. “If we can’t protect our women and children, you’re no longer a country,” he said. 

While Mexican officials believe the attack was a case of mistaken identity in a shootout between rival cartels, some family members — who say they’ve been threatened before — believe they were targeted.

For the eight children who survived the attack, the physical healing will come before the emotional. Family members released a video of 9-month-old Brixton, who is recovering from a shot to the chest and a grazed wrist. Seven-month-old Faith, who lost her mother in the attack, is now back with her father.

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U.S.-based stock funds draw $8.74 billion in week ended Wednesday: Lipper

© Reuters. FILE PHOTO: A trader works on the floor of the NYSE in New York © Reuters. FILE PHOTO: A trader works on the floor of the NYSE in New York

By Jennifer Ablan

NEW YORK (Reuters) – Investors put money to work in both U.S. stock and bond markets for the week ended Wednesday, after soothing remarks by Federal Reserve Chair Jerome Powell that low inflation would allow the central bank to be "patient" in deciding whether to continue raising rates this year.

U.S.-based stock funds attracted about $ 8.74 billion in the week ended Jan. 9, following the previous week’s cash withdrawal of $ 18.7 billion, according to data released Thursday by Lipper. U.S.-based taxable bond funds attracted $ 8.4 billion in the week ended Wednesday, following the previous week’s cash outflows of over $ 12.7 billion, according to Refinitiv’s Lipper research service.

"It appeared to be ‘risk-on’ for the week," said Tom Roseen, head of research services for Lipper. He noted that it was the first week in 29 that equity mutual funds – excluding Exchange Traded Funds (ETFs) – witnessed net inflows of over $ 4.4 billion. That marked their largest weekly net inflows since June 20, 2018, he said.

But Roseen said it was the seventh consecutive week that taxable bond funds, excluding ETFs, witnessed net outflows, handing back $ 926 million this past week.

"Domestic equity funds – ex-ETFs – took in a little less than $ 3.3 billion, witnessing their second weekly net inflows in three while posting a 3.99 percent return on average for the flows week," Roseen said.

Their non-domestic equity fund counterparts, posting a 4.08 percent return on average, witnessed their first weekly net inflows since Sept. 19, 2018, said Roseen, noting more than $ 1.1 billion of inflows this past week.

For the 15th week in a row, non-domestic equity ETFs witnessed net inflows, with this past week attracting $ 3.6 billion, Roseen said. That was their largest weekly net inflows since Jan. 31, 2018, he said.

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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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Yen and franc draw safe-haven bid on renewed growth fears

© Reuters. Illustration picture shows Japanese 10,000 yen banknotes being counted by an electronic counter at an office of the World Currency Shop in Tokyo © Reuters. Illustration picture shows Japanese 10,000 yen banknotes being counted by an electronic counter at an office of the World Currency Shop in Tokyo

By Vatsal Srivastava

SINGAPORE (Reuters) – The safe-have yen and the Swiss franc rose on Friday after a brief pullback earlier in the week, as renewed U.S.-China trade tensions and weaker-than-expected data in those two economies revived global growth fears.

Reuters reported on Thursday that the Trump administration was considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using Huawei Technologies and ZTE (SZ:) products.

"With the end of 90-day tariff moratorium looming ominously on the horizon, this announcement is yet another bump in the rocky path to a trade resolution," said Stephen Innes, head of Asian trading at Oanda.

Trade tensions between the world’s two largest economies have been one of the biggest drivers of risk this year, though Washington and Beijing earlier this month agreed to a 90-day ceasefire in their tariff dispute while they try to negotiate a durable deal.

Markets remain skeptical whether the two sides can bridge their differences, which go beyond trade to other issues such as intellectual property rights.

The yen added 0.1 percent, while the Swiss franc tacked on 0.16 percent in early Asian trade as renewed growth fears pushed investors back into safe havens. The anxiety in markets has helped both of these currencies put on 2.3 percent 1.2 percent, respectively, this month.=>=>

The (), a gauge of its value versus six major peers, was marginally weaker at 96.51, after losing 0.5 percent overnight.

Data showing consumer confidence at its weakest in more than three years in the United States, as well as an unexpected drop in industrial profits in China provided a stark reminder to investors of the deteriorating global growth outlook.

That came just a day after a dramatic surge on Wall Street had given some respite to battered investor sentiment. Overnight, U.S. stocks ended higher in a volatile session.

Financial markets are expecting U.S. growth to slow next year as the spillover effects from rising interest rates hit corporate profits and economic activity.

"There are intensifying headwinds facing the US economy in 2019 – namely the lagged effects of higher borrowing costs, the stronger dollar, the fading support from the fiscal stimulus and weaker external demand at a time of rising trade protectionism. These factors will increasingly weigh on sentiment in 2019," said James Knightley, chief international economist at ING in a note.

Elsewhere, oil prices have shown no respite from a steep sell-off over the last few months, which in turn has kept commodity currencies such as the Canadian dollar under heavy pressure. The changed hands at C$ 1.3620 and has lost 7.5 percent of its value versus the dollar this year.=>

The euro () was relatively flat at $ 1.1433, having struggled this month on weakening euro zone data.

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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