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USMNT captain speaks out on Folarin Balogun red card reversal ahead of Belgium showdown

Tim Ream the United States applauds fans after their FIFA World Cup 2026 Group D match against Turkey, June 25, 2026 in Los Angeles. (Jamie Squire/Getty Images)

(NEW YORK) — U.S. Men’s National Team captain Tim Ream says the reversal of forward Folarin Balogun’s red card ban is a “boost of positivity” for the team ahead of their World Cup showdown on Monday against Belgium in the Round of 16.

“I think he’s excited that he can actually contribute on the field and not just be a cheerleader, but Balo, he’s got a big smile, and he’s been beaming ear to ear since we all found out the news,” Ream told “Good Morning America,” in an interview that aired Monday.

Balogun is now eligible to play in Monday’s game following a red card he received during the team’s July 1 match with Bosnia-Herzegovina for landing on an opposing player’s ankle.

Balogun was ejected mid-match and subsequently received a one-game ban. FIFA told ABC News at the time that the referee’s call was final and not able to be overturned or appealed.

USMNT head coach Mauricio Pochettino told reporters after the match, which the U.S. won 2-0, that Balogun was “disappointed” by the call, claiming the clash was not intentional, according to ESPN.

Following the July 1 game, President Donald Trump called FIFA president Gianni Infantino and discussed the red card suspension, which would have forced Balogun to miss Monday’s game, a U.S. official told ABC News on Monday.

The official said Trump wanted to better understand the reason the red card was given and why there was a suspension.

On Sunday, FIFA reversed course, announcing that “the implementation of the match suspension is suspended for a probationary period of one year” and adding that if Balogun “commits another infringement of a similar nature and gravity during the probationary period, the suspension shall be revoked and the sanction enforced without prejudice to any additional sanction imposed for the new infringement.”

FIFA’s about-face has sparked outcry from other groups, including the European and Belgian soccer associations.

“The Royal Belgian Football Association (RBFA) is astonished by FIFA’s decision to declare suspended United States player Folarin Balogun eligible to play” in Monday’s match, the RBFA said in part in a statement Sunday.

“In order to safeguard the legitimate rights of all participating teams and to protect the fundamental principles of fair play in our sport, both at this FIFA World Cup and at future editions of the tournament, the RBFA is investigating all potential options,” the group added.

In a follow-up statement on Monday, the RBFA said it was challenging FIFA’s decision to dismiss its earlier red card ban and reinstate Balogun ahead of Monday’s match.

The organization said it was “deeply concerned by the course of events” and pledged to fight the decision.

But FIFA said Monday afternoon it was rejecting the RBFA’s appeal.

“The request was rendered inadmissible on the grounds that the RBFA is not a party to the proceedings and, as such, has no standing to appeal the decision,” FIFA said in part.

The Union of European Football Associations, or UEFA, also expressed “disbelief at such an unprecedented, incomprehensible and unjustifiable decision” in a statement Monday.

“A minimum automatic suspension of one match following a red card is not a discretionary option and does not require the decision of a competent body to be enacted. It is a principle embedded in regulations, which cannot be made subject to exceptions, let alone in the middle of a tournament where several other players have been in the same situation and regularly served their suspension,” it said in part.

“When the certainty of rules is no longer guaranteed by its guardians, the integrity of the game is at stake and the credibility of a competition is undermined. Equally, such decision creates a precedent in the ongoing tournament, where similar situations will now require an equal treatment, to the detriment of the competition.”

U.S. Soccer, meanwhile, welcomed FIFA’s decision in a statement on Sunday.

“We accept the decision of the Disciplinary Committee and are pleased that Folarin Balogun is eligible to compete tomorrow. Our full attention is focused on the Round of 16 match against Belgium in Seattle, and we look forward to the continued support of our amazing fans,” the group said.

The U.S. official who spoke to ABC News on Monday said the process for appealing a red card ban is run by an independent board, adding that the U.S. government provided additional evidence that was used in the appeal process and saying the “correct and proper outcome was achieved.”

Copyright © 2026, ABC Audio. All rights reserved.

How the spike in global bond yields creates more risk for the stock market

New York (CNN) — Never doubt the power of the $30 trillion US Treasury market. It was robust enough to push back on the Treasury Department’s recent intervention while captivating Wall Street. Now investors are wondering whether the bond market’s unease is strong enough to disturb a booming stock market.Bond yields have climbed this year, driven by concerns about government deficits and an increase in supply of corporate bonds to fund the AI buildout. Investors are demanding more compensation to continue funding government spending and companies’ plans for AI.A rise in yields pushes up interest rates across the economy, raising borrowing costs for consumers and the government alike. It matters for stocks, too: Higher yields can affect calculations for companies’ future earnings and stocks’ value. Higher yields on trustworthy government bonds can also draw investors away from riskier assets like stocks.A “disorderly rise in bond yields” is the second biggest risk for stocks after the AI bubble, according to a survey of fund managers conducted by Bank of America this month.Investors are increasingly nervous about the stock market’s over-concentration in artificial intelligence. And a sharp, sustained rise in yields is another risk that could help deflate a bubble.Bond yields are not certain to derail stocks, but it creates a more complicated outlook. After global bond yields hit multi-year highs last week, the S&P 500 ended the week lower and snapped a three-week winning streak.Yields dropped at the start of this week, giving a boost to stocks. But the 30-year yield remains near its highest level in almost two decades. The 10-year US Treasury yield is trading close to its highest level in over a year.Ultimately, the impact on stocks depends on just how fast yields rise, how far they rise and why they are rising.Why stocks are resilientThe S&P 500 is up about 12% this year, on course for its fourth straight year of double-digit gains. Stocks rebounded from an Iran war-related slump in March before clinching a series of all-time highs, putting it at 27 record highs so far this year.Strong corporate earnings, waves of enthusiasm about artificial intelligence and a buy-the-dip mentality led by retail investors contributed to the market’s resilience.Stocks dropped last week as global bond yields hit multi-year highs, but the S&P 500 remains close to all-time highs – down less than 2% since its last record high two weeks ago. The tech-heavy Nasdaq Composite is down less than 4% since its last record high in early June.A strong corporate earnings season has helped keep the stock market afloat. There’s been some volatility for individual stocks, but overall, it’s been another quarter of stellar earnings.The earnings growth rate for companies in the S&P 500 is set be the strongest since 2021, according to FactSet data. The rise in bond yields hasn’t been sharp enough to shake stocks while earnings roll in.Since hitting a record high on August 13, the S&P 500 hasn’t had an up or down of more than 1% on a given day. Wall Street’s fear gauge, the VIX, is trading at 15, well below the 20-point threshold that signals volatility in markets.“We are cautious that the low level of volatility is luring market participants into a false sense of security,” Melissa Brown, global head of investment decision research at SimCorp, told CNN.Why yields could pose trouble for stocksYields matter for investors’ assessment of stocks’ value. A sharp rise in yields or intense volatility in the bond market can irk the stock market. When President Donald Trump announced sweeping tariffs in April 2025, the 10-year yield spiked and the S&P 500 dropped more than 10% in two days.What’s different this time? Bond yields have steadily climbed across the year. Stocks are near record highs. The steady rise in yields may be limiting the impact on stocks, analysts say, but a sustained push higher or bouts of volatility could begin to create more issues for investors.The key threshold is 5% for the 10-year yield, which would be the highest level since October 2023. That’s the psychological “line in the sand” when things become more worrying for stock market investors, said Sam Stovall, chief investment strategist at CFRA Research.“The real question is how long will interest rates be rising, and how far will they go?” Stovall said.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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