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June 1, 2025

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Discover the top 10 stock charts to watch this month with Grayson Roze and David Keller, CMT. From breakout strategies to moving average setups, the duo walk through technical analysis techniques using relative strength, momentum, and trend-following indicators.

In this video, viewers will also gain insight into key market trends and chart patterns that could directly impact your trading strategy. Whether you’re a short-term trader or a long-term investor, this breakdown will help you stay one step ahead.

This video originally premiered on May 30, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

Over the past five sessions, the Indian equity markets headed nowhere and continued consolidating in a defined range. In the previous weekly note, it was categorically expected that the markets might stay devoid of any directional bias unless they either take out the upper edge or violate the lower edge of the consolidation zone. In line with the analysis, the Nifty oscillated in a 401.90-point range over the past five days. The volatility also retraced; the India Vix came off by 6.95% to 16.08 on a weekly basis. While staying absolutely range-bound, the headline index Nifty 50 closed with a minor weekly loss of 102.45 points (-0.41%).

As we step into the new week, the markets find themselves in a defined trading range, more toward the edge of the pattern support on the weekly chart. The Nifty appears to continue being in a well-defined trading range between 25100 and 24500 levels. This also implies that a directional trend would emerge only if the Nifty takes out 25100 convincingly or ends up violating the 24500 level. Unless either of these two things happens, the markets will remain devoid of directional bias and will continue staying in this defined range. The present technical structure makes it even more important to maintain a steadfast focus on protecting profits at higher levels and the rotation of sectors where a likely leadership change is visible.

The coming week is expected to see the levels of 25000 and 25175 acting as resistance points. The supports come in at 24500 and 24380 levels.

The weekly RSI is at 59.02; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line.

The pattern analysis shows that after forming the most recent swing high at 25116, the Nifty has resisted this level for two subsequent weeks. This makes the level of 25100-25150 an important hurdle for the Nifty. Secondly, the Index has closed just at the support of an upward rising trendline; if this gets violated, the markets may see some more corrective retracement. Overall, the zone of 24500-24600 remains a crucial support area for the markets.

While the Nifty stays in the 25100-24500 zone and consolidates, focusing on protecting profits at higher levels would be wise. While the market keeps its underlying trend intact, it continues to remain prone to some extended corrective retracement until the levels of 25100 are taken out on the upside convincingly. During this phase, it makes more sense to keep leveraged exposures at modest levels and stay highly selective in making fresh purchases. While limiting the purchases to favorably rotating sectors, a cautious outlook is recommended for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index is the only Index inside the leading quadrant that continues to improve its relative momentum against the broader markets. The other sectors present inside the leading quadrant are PSE, Infrastructure, Consumption, and FMCG, and these groups show continued paring of relative momentum against the broader markets.

The Nifty Commodities and the Nifty Bank Index have rolled inside the weakening quadrant. The Financial Services and the Services sector Indices are also inside the weakening quadrant.

The Nifty Metal Index has rolled inside the lagging quadrant. It is likely to relatively underperform along with the Pharma Index which also continues to languish inside this quadrant. The IT Index is also inside the lagging quadrant, but is seen sharply improving its relative momentum against the broader markets.

The Realty, Media, Energy, Midcap 100, and Auto Indices are inside the improving quadrant. They are likely to continue improving their relative performance against the broader Nifty 500 Index.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

The gold price saw peaks and troughs this week.

After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping just below the US$3,260 level on May 28 (Wednesday). It was back on the rise the next day, hitting US$3,324.

Trade tensions were in focus throughout the period.

Concerns lessened early in the week, when US President Donald Trump said he would delay raising tariffs on the EU, but uncertainty ratcheted back up on Wednesday (May 28), when an American trade court issued a ruling that blocked most of his tariffs put in place by his administration.

“It is not for unelected judges to decide how to properly address a national emergency” — Kush Desai, White House spokesperson

The decision prompted a flurry of activity and backlash from Trump and his supporters, with a federal appeals court ultimately reinstating the tariffs on May 29 (Thursday).

The turmoil was beneficial for gold, as was news that the US economy shrank by 0.2 percent annually in Q1. The GDP estimate is the second of three from the Bureau of Economic Analysis, and comes in lower than the first calculation of a 0.3 percent contraction.

Bullet briefing — Glencore restructures, Anglo completes spinoff

Glencore restructuring move sparks M&A talk

Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has quietly moved billions worth of global coal and ferroalloys assets into an Australian subsidiary.

The Australian Financial Review was the first to report the news, and it’s already sparked speculation about renewed M&A talks between Glencore and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). The two major companies reportedly engaged in discussions last year, but in the end did not move forward.

With this restructuring from Glencore and Rio Tinto’s CEO due to step down later this year, market watchers see potential for a deal to be done.

Anglo American spins off Valterra Platinum

Anglo American (LSE:AAL,OTCQX:AAUKF) made headlines elsewhere this week as the firm finished demerging its platinum-group metals unit, Valterra Platinum (JSE:VAL).

Valterra, formerly Anglo American Platinum, began trading on the Johannesburg Stock Exchange on May 28, and will have a secondary listing in London as of June 2.

Anglo made the decision to spin off Valterra after heading off a US$49 billion takeover bid from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year. The company embarked on a restructuring plan that will see it hone in on copper and iron ore.

Interestingly, Valterra’s debut comes alongside a platinum price boost. The metal recently broke out to its highest level in about two years, nearly reaching US$1,100 per ounce.

Edward Sterck of the World Platinum Investment Council believes it’s too soon to tell whether the rise is sustainable, but he does see a ‘perfect storm’ brewing for platinum.

Here’s how he explained it:

I think platinum’s fundamentals are just highly attractive at the moment. You’ve got really constrained supply, you’ve got demand that is actually beginning to show some real signs of growth, driven principally by an inflection in jewelry demand and by ongoing growth in investment demand.

And so given those things are resulting in these really significant deficits — this is the third year of almost a million ounces of deficit out of an 8 million ounce market — those are just rapidly depleting those aboveground stocks … this has all generally come together as a perfect storm. We are seeing that tightness in the market, and I feel quietly optimistic that we’re going to see that long-awaited price response come through.

Watch the full interview for a more in-depth look at supply and demand dynamics for platinum.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Every president thinks they can change the world – and Donald Trump has an even greater sense of personal omnipotence than his recent predecessors.

But it’s not working out too well for the 47th president. Trump might intimidate tech titans to toe the line and use government power to try to bend institutions like Harvard University and judges, but some world leaders are harder to bully.

He keeps being ignored and humiliated by Russian President Vladimir Putin who is defying the US effort to end the war in Ukraine. Russian media is now portraying Trump as the tough talker who always blinks and never imposes consequences.

The president also thought that he could shape China to his will by facing down leader Xi Jinping in a trade war. But he misunderstood Chinese politics. The one thing an authoritarian in Beijing can never do is bow down to a US president. US officials say now they’re frustrated that China hasn’t followed through on commitments meant to deescalate the trade conflict.

As with China, Trump backed down in his tariff war with the European Union. Then Financial Times commentator Robert Armstrong enraged the president by coining the term TACO trade — “Trump Always Chickens Out.”

Everyone thought that Trump would be on the same page as Benjamin Netanyahu. After all, in his first term he offered the Israeli prime minister pretty much everything he wanted. But now that he’s trying to broker peace in the Middle East, Trump is finding that prolonging the Gaza conflict is existential for Netanyahu’s political career, much like Ukraine for Putin. And Trump’s ambition for an Iranian nuclear deal is frustrating Israeli plans to use a moment of strategic weakness for the Islamic Republic to try to take out its reactors militarily.

Powerful leaders are pursuing their own versions of the national interest that exist in a parallel reality and on different historical and actual timelines to shorter, more transactional, aspirations of American presidents. Most aren’t susceptible to personal appeals with no payback. And after Trump’s attempts to humiliate Ukrainian President Volodymyr Zelensky and South African President Cyril Ramaphosa in the Oval Office, the lure of the White House is waning.

Trump spent months on the campaign trail last year boasting that his “very good relationship” with Putin or Xi would magically solve deep geopolitical and economic problems between global powers that might be unsolvable.

He’s far from the first US leader to suffer from such delusions. President George W. Bush famously looked into the Kremlin tyrant’s eyes and “got a sense of his soul.” President Barack Obama disdained Russia as a decaying regional power and once dismissed Putin as the “bored kid in the back of the classroom.” That didn’t work out so well when the bored kid annexed Crimea.

More broadly, the 21st century presidents have all acted as though they’re men of destiny. Bush came to office determined not to act as the global policeman. But the September 11 attacks in 2001 made him exactly that. He started wars in Afghanistan and Iraq — which the US won, then lost the peace. And his failed second term goal to democratize the Arab world never went anywhere.

Obama tried to make amends for the global war on terror and travelled to Egypt to tell Muslims it was time for “a new beginning.” His early presidency pulsated with a sense that his charisma and unique background would in itself be a global elixir.

Joe Biden traveled the globe telling everyone that “America is back” after ejecting Trump from the White House. But four years later, partly due to his own disastrous decision to run for a second term, America — or at least the internationalist post-World War II version – was gone again. And Trump was back.

Trump’s “America First” populism relies on the premise that the US has been ripped off for decades, never mind that its alliances and shaping of global capitalism made it the most powerful nation in the planet’s history. Now playing at being a strongman who everyone must obey, he is busily squandering this legacy and shattering US soft power — ie. the power to persuade — with his belligerence.

The first four months of the Trump presidency, with its tariff threats, warnings of US territorial expansion in Canada and Greenland and evisceration of global humanitarian aid programs show that the rest of the world gets a say in what happens too. So far, leaders in China, Russia, Israel, Europe and Canada appear to have calculated that Trump is not as powerful as he thinks he is, that there’s no price for defying him or that their own internal politics make resistance mandatory.

This post appeared first on cnn.com

After half a year of political turmoil, uncertainty and division, South Korea will vote for a new president to succeed Yoon Suk Yeol, the disgraced former leader who plunged the democratic nation into chaos by declaring martial law in December.

This election feels particularly significant; the country, a US ally and Asian economic and cultural powerhouse, has floundered for months with a revolving door of interim leaders while navigating Yoon’s impeachment trial and a multipronged investigation into the fateful night of his short-lived power grab.

All the while, South Korea’s economy has suffered, with US President Donald Trump’s trade war and a potential global recession looming in the background. Two men are each promising to help the country recover if elected – a lawyer turned politician dogged by legal cases who survived an assassination attempt, and a former anti-establishment activist turned conservative minister.

Polls open on Tuesday morning and a winner could be declared by Wednesday.

Here’s what you need to know.

Who are the main candidates?

The frontrunner is Lee Jae-myung, 60, of the liberal opposition Democratic Party.

A former underage factory worker from a poor family, Lee became a human rights lawyer before entering politics. He is a former mayor and governor, and most recently served as a lawmaker after narrowly losing to Yoon in the 2022 presidential election.

He survived an assassination attempt in January 2024 when a man stabbed him in the neck during a public event.

He again made headlines on December 3, 2024 – the night Yoon declared martial law and sent troops to parliament. Lee was among the lawmakers who rushed to the legislature and pushed past soldiers to hold an emergency vote to lift martial law. He live streamed himself jumping over a fence to enter the building, in a viral video viewed tens of millions of times.

On the campaign trail, Lee promised political and economic reforms, including more controls on a president’s ability to declare martial law, and revising the constitution to allow two four-year presidential terms instead of the current single five-year term.

He has emphasized easing tensions on the Korean Peninsula while holding on to the longtime goal of denuclearizing North Korea; he also supports boosting small businesses and growing the AI industry.

But Lee has also been dogged by legal cases, including several ongoing trials for alleged bribery and charges related to a property development scandal.

Separately, he was convicted of violating election law in another ongoing case that has been sent to an appeals court.

Lee’s main rival is Kim Moon-soo of the conservative People Power Party (PPP).

When Yoon left the party in May, he urged supporters to back Kim – a 73-year-old former labor minister, who had been a prominent labor activist at university, even being expelled and imprisoned for his protests. He eventually joined a conservative party, and stepped into the nomination after several rounds of party infighting.

The PPP initially selected Kim as its candidate; then dropped him, eyeing former Prime Minister Han Duck-soo instead. The party finally chose Kim after he filed legal challenges.

But the PPP remains deeply divided and its candidate trailed Lee in pre-election polling. In a statement after his nomination, Kim vowed to seek unity and build a “big tent” coalition to take on Lee, according to Reuters.

Kim has also promised to reform the country’s politics, judiciary and election management systems to rebuild public trust. His campaign emphasized making South Korea business-friendly through tax cuts and eased restrictions, and by promoting new technologies and nuclear energy.

Several third-party and independent candidates are also running for the presidency. They include Lee Jun-seok, a former PPP leader who founded his own conservative New Reform Party last year.

What are the issues on the table?

At the forefront of voters’ minds is the country’s flailing economy and rising cost of living. Youth unemployment has surged and consumption has declined, with the economy unexpectedly contracting in the first quarter of this year.

Part of that is due to Trump’s trade war – which has hit South Korea’s export-reliant economy hard. South Korea’s exports to the US fell sharply in the first few weeks of April after US tariffs kicked in, and the nation’s largest airline has warned the downturn could cost it up to $100 million a year.

Though officials from both nations have met for tariff talks, the political turmoil at home is likely slowing progress and hampering a possible trade deal until a new South Korean president is elected.

That’s why both main candidates have focused on the economy, promising to stabilize the cost of goods and improve opportunities in housing, education and jobs.

But there’s a host of other problems the next president will have to tackle, too – such as the country’s rapidly aging society and plummeting birth rates, which represent an urgent demographic crisis also seen in other countries in the region like Japan and China. Among the common complaints of young couples and singles are the high cost of childcare, gender inequality and discrimination against working parents.

Then there are regional tensions. There’s the ever-present threat from North Korea, which has rapidly modernized its armed forces, developing new weapons and testing intercontinental ballistic missiles that can reach almost anywhere in the United States. Experts have warned in recent years that the country may also be preparing to resume nuclear tests, which it paused in 2018.

Across the Yellow Sea lies China, which South Korea has a strong trade relationship with – but historically fraught diplomatic relations.

South Korea also maintains a close security alliance with the US, and hosts nearly 30,000 American troops in the country. In recent years, South Korea, Japan and the US have drawn closer together, working to counter Chinese influence in the strategically important Asia-Pacific region.

What happened to Yoon?

Yoon was removed from office in April following months of legal wrangling, after parliament voted to impeach him late last year.

It was a remarkable fall from grace for the former prosecutor turned politician, who rose to prominence for his role in the impeachment of another president – only to eventually meet the same fate.

Soon after, Yoon moved out from the presidential residency and into an apartment in the capital Seoul. But his legal battles are ongoing; he faces charges including insurrection, an offense punishable by life imprisonment or death (though South Korea has not executed anyone in decades). Yoon denies all charges against him.

This post appeared first on cnn.com

At least seven people were killed when a road bridge collapsed onto a passenger train in western Russia late Saturday, with railway authorities blaming “illegal interference.”

The bridge came down in Russia’s Bryansk region, close to the Ukrainian border, crushing the moving train and injuring at least 30 people, Russian authorities reported.

The train was traveling from the town of Klimov to the capital Moscow when it was hit by the debris from the bridge and derailed, according to Russian state media outlet RIA Novosti.

Images from the Moscow interregional transport prosecutor’s office show fallen earth, debris and concrete on top of what appears to be the passenger train, and derailed carriages as emergency services attend the scene.

Moscow Railway cited the cause of the collapse as “illegal interference in transport operations,” without providing further details.

An investigation has been launched, and a team is inspecting the site, state news agency TASS reported.

The train’s engineer was among those killed in the incident, RIA Novosti reported. An infant remains in serious condition, according to the Russian emergencies ministry.

Passengers were evacuated from the wreckage and were taken to a temporary accommodation center at a nearby station, according to TASS.

Bryansk’s regional governor Alexander Bogomaz said on Telegram that emergency services and government officials were working at the scene.

“Everything necessary is being done to provide assistance to the victims,” he said, according to TASS.

This post appeared first on cnn.com

Nayib Bukele, the self-declared “world’s coolest dictator,” will mark six years as El Salvador’s president on Sunday, a period defined by contentious reforms, which critics say have brought peace to the streets at an incredibly high price.

His iron-fisted crackdown on crime in the country, that was once the most violent nation in the western hemisphere, led to the arrest and detention of around 87,000 people, often with little due process.

The government has defended the move, pointing to significant reductions in gang violence nationwide, but opponents say it has come at the cost of mass incarceration and the erosion of civil liberties.

The dragnet expanded as time wore on to include civil society groups and journalists investigating official collusion with the country’s gangs, critics say.

On May 19, Ruth López, an anti-corruption lawyer for the human rights group Cristosal, who is also a prominent critic of Bukele, was detained by Salvadoran authorities for allegedly stealing “funds from state coffers.” However, López still has not been charged with a crime despite remaining in detention.

Soon after Lopez was arrested, Bukele’s government passed a law taxing foreign donations to NGOs like Cristosal at 30%, which rights groups have described as an existential threat.

“What we have seen is a massive concentration of power in (Bukele’s) hands,” Juan Pappier, deputy director for Latin America at Human Rights Watch, said of Bukele’s six years in power. Bukele’s rule has been “based on demolition of the checks and balances of democracy and increasing efforts to silence and intimidate critics.”

The reduction of gang-related crime in El Salvador has made Bukele popular in the Central American nation, so much so that he was reelected in a landslide victory last year, even though the country’s constitution had barred anyone standing for a second term. (Bukele’s allies in Congress eventually replaced the Supreme Court’s top justices with judges willing to interpret the constitution in his favor.)

Since March 2022, the country has been under a “state of exception,” allowing the suspension of numerous constitutional rights. In the capital San Salvador, many people say they now feel safe walking through neighborhoods once considered dangerous. Though they acknowledge the country has seen a massive increase in incarcerations and a suspension of rights, Bukele’s supporters believe the resulting peace and security has been worth the tradeoff.

Not everyone agrees.

Samuel Ramírez, founder of the Movement of Victims of the Regime (MOVIR), a human rights group that works with families of people believed to have been detained without due process, says thousands have been arrested over unfounded suspicions of being linked to gangs.

Bukele has previously admitted that some innocent people have been detained by mistake but said that several thousand have already been released.

Ramírez and other activists believe that many are too afraid to speak publicly.

“Here we see soldiers armed to the teeth in the streets, the police, even armored trucks in the streets — tanks. That’s synonymous with a country at war,” he said. “The gangs, for me, have already been neutralized. And now the war is against the people, so they don’t demonstrate, don’t speak out.”

Alleged back door dealings

Though he presents himself as a law-and-order leader, Bukele has long faced allegations that he negotiated the peaceful security situation in El Salvador through back-door dealings with the gangs.

In 2021, the Biden administration accused Bukele’s regime of bribing MS-13 and Barrio 18, two of the most notorious gangs in El Salvador, to “ensure that incidents of gang violence and the number of confirmed homicides remained low.” Alleged payoffs included cash, cell phones and prostitutes for imprisoned capos.

Bukele promptly denied the allegations, calling them an “obvious lie.”

But four years later, independent newsroom El Faro published an explosive interview with two self-styled gang leaders from Barrio 18 who claimed that, in exchange for hundreds of thousands of dollars in cash, they had intimidated voters into casting their ballots for Bukele during his 2015 bid for mayor of San Salvador.

The two men gang leaders also claimed that when he became president in 2019, Bukele had arranged that the most powerful gangs in El Salvador refrain from wanton murder and extortion, lest they make him look bad, El Faro reported.

Bukele has not yet responded publicly to their allegations, but obliquely referenced the reporting from El Faro in a post on May 10, sarcastically implying the only “pact” he made with the gang leaders involved putting them in prison.

The journalists from El Faro who broke the story fled the country before it was published, anticipating arrest.

He said seven of the publication’s journalists are facing arrest warrants for reporting on the alleged deals. Even so, he said the newspaper would continue its journalistic work. For the past two years, the publication has been running most of its operations in exile from Costa Rica.

“If there was any semblance of democracy left in El Salvador, it was in independent journalism,” said Noah Bullock, executive director of Cristosal.

‘We are under a dictatorship’

Last week, Bukele’s government passed a law taxing foreign donations to NGOs at 30%.

He had proposed a similar law in 2021, but it didn’t pass. In any case, Bullock says that it’s irrelevant whether any law is proposed, passed or tabled in El Salvador: after six years of virtually unfettered power, Bukele is a law in and of himself.

She said the law will make it impossible for them to continue working. It gives them three months to renew their registration as an NGO, but they don’t know how the process will work.

Grande’s assessment of the situation is unambiguous: “Right now, we can say very openly that we are under a dictatorship.”

Despite the growing outrage from rights groups, Bukele’s punishing penal system has won him fans.

US President Donald Trump has praised the crackdown and cut a deal with Bukele, who agreed to hold hundreds of Venezuelan deportees in El Salvador’s Center for Terrorism Confinement, alongside thousands of detained Salvadorans.

Known as Cecot, the mega-prison is considered the largest penitentiary in the Americas and is notorious for the spartan conditions, which rights organizations have denounced as inhumane.

“I think what is happening here is a kind of laboratory for what could happen in other countries,” NGO worker Grande warned. “Even the United States.”

During Trump’s April meeting with Bukele at the White House, Bukele suggested the US president follow his lead when it comes to mass detentions.

“Mr. President, you have 350 million people to liberate, you know,” Bukele said of the US population. “But to liberate 350 million people, you have to imprison some. You know, that’s the way it works, right?”

This post appeared first on cnn.com

At least 26 Palestinians have been killed after Israeli forces opened fire on Sunday near a southern Gaza aid distribution center run by a controversial US-backed foundation, according to the Palestine Red Crescent Society.

“Crowds of citizens headed to receive food aid” from a site in the Rafah area, when Israeli forces opened fire, said a paramedic from the PRCS, the only medical professionals present in the area.

The GHF is a private organization backed by Israel and the United States. It was set up amid Israeli accusations that Hamas is stealing aid in Gaza and selling it for profit. Humanitarian organizations say there is no evidence of this, and Israel hasn’t presented any evidence publicly.

United Nations aid agencies have criticized the GHF’s aid mechanism, saying it violates humanitarian principles and raises the risks for Palestinians.

UN aid groups, such as UNRWA, typically check identification and rely on a database of registered families when distributing aid.

But the GHF is not screening Palestinians at aid distribution sites, despite Israeli officials saying that additional security measures were a core reason for the creation of the new program.

Criticism has been mounting against both Israel and the GHF after chaos broke out last week when tens of thousands of starving Palestinians arrived at two new food distribution sites.

According to Palestinian Ministry of Health figures from before Sunday’s incident, 11 people have been killed and dozens injured since the aid distribution sites have opened. The GHF said on Thursday that no one has been killed or injured since the distribution of aid began last week.

The statement added that it has provided more than 4.7 million meals in six days, including delivering 16 truckloads of food on Sunday morning, providing over 887,000 meals.

In a statement issued Sunday, the GHF said it will “continue scaling, with plans to build additional sites across Gaza, including in the northern region, in the weeks ahead.”

Aid was distributed “without incident,” read the statement, with the group adding it was “aware of rumors being actively fomented by Hamas suggesting deaths and injuries today.”

However, a mixed picture appears on the ground with claims of the aid distributed believed to be inaccurate.

The GHF also claims the reports of “deaths, mass injuries and chaos” at its sites are “false.”

“They are untrue and fabricated,” the statement continued.

This is a developing story and will be updated.

This post appeared first on cnn.com