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Barack Obama on April 03, 2019 in Seville, Spain. Photo: Marcelo del Pozo/Getty Images

Former President Obama warned during a recent appearance in Europe that nationalistic forces rising around the world will spark "greater and greater conflict and greater and greater clashes between peoples."

What he's saying: Obama said that "nationalism, nativism, xenophobia, anti-immigration [sentiments] ... are dangerous traits."

  • "That's largest trend that I'm seeing that I'm concerned about, because it's not isolated to one particular country — it's a global phenomenon."
  • Obama — speaking earlier this month in Seville, Spain, in remarks posted this weekend by the BBC — said it's a mistake to "reassert these very hard-fixed borders at a time when technology and information are borderless," and travel and supply chains are global."
  • He also said he is "worried about the destabilization of our environment," adding "climate change is not something off in the future."

Go deeper:

Go deeper

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Dion Rabouin, author of Markets
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First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.