The Rush: Tiafoe shocks Nadal, busts the US Open wide open

WATCH THE VIDEO ABOVE to see today’s piping-hot, fresh-outta-the-oven episode of

THE RUSH with Jared Quay! We’ll let you know everything you didn’t know you needed
to know about sports. Other stuff too. But mostly sports. It’s Tuesday, September
6, 2022, and here’s what Jared is cookin’ up: Frances Tiafoe upset No.2 Rafael
Nadal at the US Open Mitchell Trubisky is unofficially, but kind of officially the
Pittsburgh Steelers starting QB after being named team captain PLUS: With Nadal’s
upset loss and no Roger Federer or Novak Djokovic, the US Open is wide open for a
fresh face in the men’s bracket to potentially win their first Grand Slam THE RUSH
will be back tomorrow. Until then, stay safe and don’t forget to check out our
previous episodes here.

Auburn Morning Rush: PG commit likes his fit with the offense, Soccer defeats Army

Football is officially back on the Plains. Auburn picked up the first win of the
season Saturday, crushing Mercer 42-16 and while there were several notable
developments, two other programs picked up key wins over the weekend. Buy Tigers
Tickets The basketball team did not have a game but top 50 commit Aden Holloway was
in town and is optimistic about how he will fit in Bruce Pearl’s offense. Soccer
picked up another win and is still unbeaten on the season. Both the women’s and
men’s cross country teams opened the season with a strong showing at their first
competition of the season. Read more about these in the Monday edition of the
Auburn Morning Rush. La Lumiere’s Aden Holloway drives to the basket during the
LaLumiere vs. Legacy Early College NIBC Tournament basketball game Thursday, Jan.
6, 2022 at the LaPorte Civic Auditorium. © Michael Caterina / USA TODAY NETWORK
When four-star point guard Aden Holloway, who is 6-feet, committed to Auburn
everyone was quick to compare him to other small guards that Bruce Pearl has
landed. That included Holloway, who spoke with Auburn Undercover’s Mark Murphy over
the weekend. “I see myself fitting in well with the Auburn offense,” he said.
“Bruce Pearl does better with the smaller guards. I feel like I shoot in pretty
well, I play with confidence and play defense.” He is ranked as the No. 28 overall
player and No. 5 point guard in the 247Sports Composite and is working to bring
several other elite prospects to the Plains. He is specifically working on five-
star center Baye Fall and four-star shooting guard Wesley Yates. Who are considered
the No. 14 and No. 30 overall player in the 247Sports Composite ranking. Holloway
has set some lofty goals for himself and his team this season. “I definitely want
to try to make the McDonald’s All-American (team). That is the dream of everybody.
I definitely want to try to win a national championship with my guys at Prolific
Prep.” Grayson Belanger/AU Athletics After three straight ties No. 11 Auburn
defeated Army 1-0 Saturday in the Auburn Sports Complex for their third win of the
season. Auburn (3-0-3) scored the game’s only goal in the 29th minute when M. E.
Craven headed in a corner kick from Anna Haddock. “It was good to get a result,”
head coach Karen Hoppa said. “That’s a really tough team to play. As we expected,
they’re really disciplined, and they play really hard. I don’t think we played
particularly well, but it was nice that we were able to come out on top even when
we didn’t play our best.” With their fifth shutout of the season, Auburn has still
not allowed a goal during the run of play this season, the best start in program
history since 2015 when Auburn began the year 6-0 with an 11-0 scoring
differential. (Photo by Mike Zarrilli/Getty Images) The Auburn women’s cross
country team opened the season with a win at the Foothills Invitational Friday. The
team was led by sophomore Hallie Porterfield, who finished second in her race.
Auburn shined in the 4K finishing second through fifth spots as Porterfield
finished second (14:01.27), Samantha Rogers finished third (14:05.37), Hannah
Tarwater finished fourth (14:20.64), and sophomore Hannah Thuss finished fifth
(14:30.79). “I’m really happy to see Hallie and Rogers leading the way for our
program and run very controlled and strong races,” said Auburn cross country coach
Aaron Kindt. Kirby Lee-USA TODAY Sports The women may have stolen the show with
their win, but Auburn’s men opened the season with a second-place finish. Sophomore
Cooper Atkins led the way for the men, finishing second with a time of 15:37.89.
Newcomers Joseph Perry (15:39.37), Isaiah Billingsley (15:40.76), and Ethan Snyder
(15:47.35) finished third, fourth and tenth respectively. “Cooper did a really
great job and ran a strong race despite coming in not feeling super fresh,” said
Kindt. “I thought Isaiah, Joseph, and Ethan, all true freshmen, competed really
well for us and I’m excited for their future.”

Investment banks rush to cut yuan forecasts, 7 per dollar at risk

SINGAPORE (Reuters) - Major investment houses have cut their yuan forecasts as its
fall against the dollar accelerates, with some expecting a breach of the 7-per-
dollar milestone before next month’s politically sensitive Party Congress despite
authorities’ efforts to slow the slide. FILE PHOTO: Chinese yuan banknotes are seen
in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration
The yuan weakened 2.7% to the dollar in the past three weeks, reaching a two-year
low of 6.9350 on Monday, and is down more than 8% year to date, pressured both by
the dollar’s global strength and by China’s worsening economic slowdown. A quick
break through 7 per dollar - breached only twice since the global financial crisis
of 2008 - could stoke fears of capital outflows just as the authorities want to
marshal resources to revive the economy, which is reeling from COVID-19 outbreaks
and a weak property market. It could also be an unwelcome distraction for leaders
gathering from Oct. 16 for the Party Congress, held once every five years, although
some analysts expect the authorities eventually to accept more yuan weakening.
“Over the three-month horizon, we expect policymakers to have higher tolerance for
CNY depreciation as by that time the 20th Party Congress will have concluded and a
weaker currency could help reduce headwinds to export growth,” Goldman Sachs said
in a note. Goldman Sachs and ANZ believe the 7-per-dollar mark will not be breached
until after the Party Congress. But others, including Nomura, MUFG and SEB, also
see a chance for the yuan to hit the key threshold this month. Market analysts
widely believe the People’s Bank of China’s (PBOC) unexpected cuts to key interest
rates in August speeded up the yuan’s fall, reaffirming Beijing as a global
monetary policy outlier while most other major economies are tightening policy to
tame inflation. “(China’s policy) only underscores the weakness of the economy,”
Maybank analysts said. “As long as the zero-COVID policy (continues) and there is a
lack of a significant turn around in the property sector, PBOC has to remain in
easing mode,” they added. “Such an environment would be negative for the yuan.”
Maybank revised down its yuan forecast to 7 per dollar at end-Q3 and 6.95 at end-
December, from 6.75 and 6.70 respectively in their previous forecast. Ken Cheung,
chief Asian FX strategist at Mizuho Bank, linked the yuan’s outlook explicitly to
China’s economic growth outlook: “Market participants tend to long USD/CNY to hedge
the macro risk for China.” Authorities have indicated concern, however, over the
latest rapid move lower. Reuters reported that China’s foreign exchange regulator
phoned several banks in late August to warn them against aggressively selling the
Chinese currency. Consistently firmer-than-expected yuan midpoint fixings in the
last two weeks are another clear sign that the authorities do not want to see a
sharp drop at this time, said Irene Cheung, senior strategist for Asia at ANZ.
“This will help cap USD/CNY at the 6.9 handle in the near term. However, a breach
of the 7 mark after the conclusion of the National Congress is possible,” she said.
Reporting by Tom Westbrook in Singapore, Shanghai Newsroom; Editing by Edmund
Klamann