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French Security Services On High Alert For Morocco-France World Cup Semi-Final: 'Get Ready For Riots & Violence'
France is warning football fans to behave and conduct themselves responsibly ahead of a major Thursday World Cup quarter-final match which pits France against African champions Morocco. Security services are on high alert, the government has said. The match kicks off at 4:00 PM ET.
"I appeal to everyone’s sense of responsibility. It has to remain a celebration," Sports Minister Marina Ferrari told the France Info broadcaster, after in previous years various high profile matches have sparked unrest and riots. France's Interior Minister Laurent Nunez has warned that "no misconduct would be tolerated."
Morocco will be out for revenge after it was knocked out of the 2022 semi-final by France. via EPAAs it turns out, there are multiple members of Morocco's national team that were born in France and/or play for French clubs - most notably Spanish-born team captain Achraf Hakimi, who plays for Paris Saint-Germain.
It remains that Moroccans are the second biggest non-European ethnic group in France (after Algerians). There has been a long history of tensions and conflict between French citizens and largely non-assimilated Moroccan communities spanning a period of years.
It must also be remembered that during France's 20th century colonialism, Morocco was French protectorate from 1912 to 1956.
Some online pundits are predicting riots and violence, regardless of the outcome, and that the situation is primed for it:
It’s bad news for several European cities that Morocco won [prior advancement in the cup]. Brussels, Paris, Montpelier, Lyon, and even some Dutch cities.
If France go through as they are expected to later tonight, it’s bad news for French police.
When France beat Morocco in WC 2022, 10,000 police had to be deployed across France. 5,000 in Paris alone.
Get ready for riots and violence.
The French team boasts of being 2018 World Cup champions and the 2022 runners-up. France beat the Moroccan team 2-0 in the semi-finals in 2022, ending up to that point was dubbed a 'fairy tail' advancement, hence 'revenge' is on the table.
To review of the underdog's performance so far in the tournament, Morocco has "enjoyed a successful tournament run ahead of this heavyweight clash, having drawn 1-1 with Brazil in a match they dominated statistically in the group stages, followed by expected wins over Scotland (1-0) and Haiti (4-2), and possess what many say is one of the most frightening attacking sides of the tournament."
Predictions for the aftermath have tended to go something like this...
🇫🇷🇲🇦 France plays Morocco today in the 2026 World Cup quarter-final at 22:00 Paris time.
No matter who wins, Paris will burn... pic.twitter.com/PGtanOma3t
The memes have been in hyperdrive...
Paris regardless of the outcome of Morocco vs France: pic.twitter.com/TJmVMV8R3I
— Mads (@europemaxxed) July 5, 2026Of the security situation, during an already extraordinarily hot summer, Euronews reviews further, "Authorities in Paris and other major cities are preparing for unrest, deploying several thousand police officers in preparation for intense clashes similar to those that erupted after the 2022 World Cup semifinal between the North African nation and its former colonial ruler."
"More than 250 people, many of them in the capital, were arrested for violent clashes with civilians and police officers after France’s victory," the report adds. "Authorities have advised the public to exercise caution and football fans to remain peaceful and respectful of the law." Some news sources say that 20,000+ additional French police are being deployed tonight just on fears of soccer unrest, with at least 8,000 extra in Paris alone.
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"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers
PepsiCo blamed the second-quarter slowdown in its North American food unit on consumers tightening their belts. The period was marked by elevated pump prices tied to the US-Iran war, a squeeze that hit lower-income households the hardest and weighed on discretionary snack and beverage purchases.
Revenue in the company's North American food unit fell 2%, while volumes remained flat, even as the junk food giant slashed prices on some of its brands by as much as 15% earlier this year to lure working-class consumers.
"Results were tempered in the quarter as U.S. food and beverage category performance moderated with consumer budgets tightening due to rising inflationary pressures," CEO Ramon Laguarta stated in a press release.
"Our North America business was softer than we anticipated in the second quarter, and we now expect a more gradual improvement in performance trends for the balance of this year," CFO Steve Schmitt said in prepared remarks.
PepsiCo reaffirmed its full-year guidance and reported adjusted earnings of $2.20 a share for the second quarter, slightly above the Bloomberg Consensus estimate.
The company has also raised prices on some smaller bags and is expanding its product line to include more protein and fiber as consumer tastes shift toward healthier options.
Here's JPMorgan analyst Andrea Teixeira's first take on PepsiCo earnings:
The earnings beat was of lower quality, driven mostly by below-the-line items and OSG came in a tick below expectations as North America underperformance was offset by stronger International. PFNA turned negative again after a strong start in 1Q26, with volumes decelerating to flat vs. +2% in 1Q, as management noted that U.S. food and beverage category performance moderated in the second quarter amid higher inflationary pressures. Management reiterated guidance (in line with our expectations and preview), but is now expecting a more gradual improvement in trends in North America and is now embedding a ~1 point benefit to EPS from tariff refunds in the guidance (mostly occurring in 3Q and allocated to PBNA, with the company likely to use these tariff refunds to offset higher COGS and reinvest in A&M to reignite volumes). The company is also pointing to 4Q-weighted EPS growth in 2H. PEP turnaround is deep and investors should not expect a straight line as with most restructurings in CPGs, yet we think investors will need to get more reassurance in consumption data ahead in order to feel more confident that the ingredient reformulation, brand restaging and affordability actions are working.
Peter Grom of UBS' first take:
Initial Reaction: Negative. Heading into the print, given weaker tracked trends in North America our conversations suggested most anticipated organic sales to be under pressure with much of the debate centering on how company frames the full year outlook and the path from here. Against that backdrop, we think the print more or less played out as expected but was still disappointing on the surface relative to consensus as organic sales fell short, GM/ OPM came in below with total company EPS ahead of expectations due to favorable below-the-line items. From a guidance perspective, the company maintained their outlook and while they did not point to the low end of the range (as some expected), management did outline that growth is expected to be 4Q weighted. While this is not surprising on the surface given the external environment and timing of input cost pressures, we would note that simply hitting the low end of the range implies +HSD EPS growth in 4Q against a tougher comparison on the bottom line - which some are likely to view as optimistic. In many ways we do not think the print will be viewed as thesis changing and although it would not entirely surprise us to see shares trade higher today given positioning, based on the quality of the print/outlook alone, we would expect shares to trade lower this morning (currently -1.2% pre-market).
Separate but notable is a chart from food retail equity analyst Scott Marks at Jefferies that shows a sharp decline in average benefits per SNAP participant (read report) ...
Pepsi shares slipped nearly 2% in premarket trading Thursday. The stock is down about 1% year-to-date and lagging the broader S&P 500 index.
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Strong 30Y Bond Auction Stops Through For First Time Since March
On the heels of yesterday's stellar 10Y auction, this afternoon saw an even more stellar-er 30Y auction with the US government selling $22 billion bonds at 5.058%, the highest result since 2007, vs a 5.061% when-issued yield at the 1 p.m. New York time bidding deadline.
That is the first stop-through (0.3bps) since March (after three ugly tails - June's reopen was the weakest since July 2024)...
The 2.44 bid-to-cover ratio compares well with the 2.39 average for the past six reopenings
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Dealer: 10.05% (prev. 14.7%, six-auction average 10.9%)
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Direct: 12.24% (prev. 25.3%, six-auction average 24.0%)
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Indirect: 77.74% (prev. 60.0%, six-auction average 65.1%)
The internals were also some of the best on record: foreign buyers (i.e., indirects) were awarded 77.7% of the auction, up from 78.21% in June and the 2nd highest on record.
Overall, this was an extremely strong auction, among the best of 2026 as the high yields have clearly attracted foreign demand as tales of de-dollarization continue to ebb.
Tyler Durden Thu, 07/09/2026 - 13:33