Morning Call: January 05, 2016 Saudi Arabia widened its rift with Iran. China implodes, Yuan devalues and a market trading halt. Obama grabs guns, as Oregon militia standoff is described as domestic terrorism. South China sea tensions, Hezbollah targets Israel, Indian air base attacks, Syrian chemical arms and Briton gets a new Jihadi John. US and global recession looms. Markets at a tipping point.
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