Weekly Initial Unemployment Claims increased to 778,000
In the week ending November 21, the advance figure for seasonally adjusted initial claims was 778,000, an increase of 30,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 742,000 to 748,000. The 4-week moving average was 748,500, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 1,500 from 742,000 to 743,500. This does not include the 311,675 initial claims for Pandemic Unemployment Assistance (PUA) that was down from 319,694 the previous week. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 748,500.
The previous week was revised up. At the worst of the Great Recession, continued claims peaked at 6.635 million, but then steadily declined. Continued claims decreased to 6,037,690 (SA) from 6,452,002 (SA) last week and will likely stay at a high level until the crisis abates.
Note: There are an additional 9,147,753 receiving Pandemic Unemployment Assistance (PUA) that increased from 8,681,647 the previous week (there are questions about these numbers). This is a special program for business owners, self-employed, independent contractors or gig workers not receiving other unemployment insurance. An additional 4,509,284 are receiving Pandemic Emergency Unemployment Compensation (PEUC) that increased from 4,376,847 the previous week. These last two programs are set to expire on December 26th.
This was worse than expected.
https://www.calculatedriskblog.com/2020/11/weekly-initial-unemployment-claims_25.html
I'm barkeep and C_A now (according to them)
I got too many jobs bruh!
kinda disappointed the muhjoo stuff was left out
kek
Oil futures remain higher after EIA data shows drop in crude inventories
Oil futures remained higher Wednesday after data from the Energy Information Administration showed U.S. crude inventories fell by roughly 800,000 barrels in the week ended Nov. 20. West Texas Intermediate crude for January delivery CL.1, 0.91% was up 44 cents, or 1%, at $45.35 a barrel on the New York Mercantile Exchange. Analysts surveyed by S&P Global Platts had looked for crude inventories to fall by 1.3 million barrels, but data late Tuesday from the American Petroleum Institute, an industry trade group, had shown a rise in inventories.
https://www.marketwatch.com/story/oil-futures-remain-higher-after-eia-data-shows-drop-in-crude-inventories-2020-11-25
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
APHIS20 USAF E-4B Nightwatch out of Wright-Patterson AFB nw
Found this and it's tied to Dynamic Avaition-which has had several Dash 8's out of Manassas, VA pinpoint it in the last few months.
See Cap#3
https://www.aphis.usda.gov/aphis/home/
https://www.dynamicaviation.com/about-us/company-history/
This is tied to Dynamic Aviation located in Bridgewater, VA-cap#4
FLIP22 US Navy E-6B Mercury departed JBA wn
SNTRY25 USAF E-3B Sentry AWACS over southern Illinois from Tinker
VENUS94 USAF C-32A from JBA over Grennsboro Int'l Airport with some fly bys
VENUS67 USAF G5 finished at Harrisburg Int'l and now nw to Erie Int'l Airport and on ground
French AF CTM1275 Airbus A330 inbound from Halifax-Stanfield Int'l Airport
Egyptian AF EGY1125 C-130 Hercules continues sw from Baltimore depart
Amazon Web Services suffers amid widespread issues with online applications
Amazon massive cloud-computing operation reported errors with a key data-streaming platform Wednesday morning, as online applications suffered across the U.S. Amazon Web Services reported problems with its Kinesis service, which assists online services with real-time data streaming at 9:36 a.m. Eastern time. About an hour later, AWS posted a banner atop its Service Health Dashboard saying that the issue had spread to other services and that it "has also affected our ability to post updates to the Service Health Dashboard." At 12:12 p.m. Eastern, Amazon said on the site it was "continuing to work towards resolution." The problems stemmed from the company's core eastern U.S. hub in northern Virginia; a problem with AWS's S3 service at that facility in 2017 caused widespread outages for popular online services. The website downdetector.com, which tracks online services, reported problems from several popular offerings Wednesday morning, including the popular videogame "League of Legends," Sirius XM satellite radio, and the Amazon-owned Ring doorbell system. At last check, Amazon shares were up nearly 2%. On the other hand, shares of both Microsoft Corp. MSFT, -0.11% and Alphabet Inc. GOOG, +0.35% GOOGL, +0.24%, which run competing cloud services Azure and GCP, respectively, were both slightly down at last check. Multiple attempts to contact Amazon for comment have yet to be returned.
https://www.marketwatch.com/story/amazon-web-services-service-suffers-amid-widespread-issues-with-online-applications-2020-11-25
Bertelsmann to acquire Simon & Schuster for more than $2 billion
German media group Bertelsmann will acquire U.S. publisher Simon & Schuster from ViacomCBS for more than $2 billion, a source with direct knowledge of the matter told Reuters on Wednesday.
Bertelsmann, owner of Penguin Random House, outbid Rupert Murdoch’s News Corp for the publisher of authors Dan Brown, Hillary Clinton and Stephen King that Viacom put up for sale earlier this year. Founded in 1835 as a publisher of theological texts, Bertelsmann is today a private media conglomerate that spans magazine, educational and music publishing and controls European TV group RTL.
CEO Thomas Rabe is restructuring the group to reduce its exposure to declining areas such as printing, has merged its Arvato CRM customer services unit and made a string of smaller technology bets. The lack of its own public equity that can be deployed as an acquisition ‘currency’ has constrained Bertelsmann’s ability to do large deals, with the Simon & Schuster acquisition its biggest of recent years.
A Bertelsmann spokesman declined to comment.
https://www.reuters.com/article/viacomcbs-ma-bertelsmann/update-3-bertelsmann-buys-simon-schuster-for-2-2-bln-in-u-s-publishing-play-idUSL8N2IB336
Fed officials discussed evolving role of asset purchases in November meeting
U.S. Federal Reserve policymakers discussed how the central bank’s asset purchases could be adjusted to provide more support to markets and the economy during the November policy setting meeting.
U.S. central bankers agreed the asset purchases were providing accommodation to the economy after market conditions stabilized, according to the minutes of the Nov. 4-5 meeting released on Wednesday. Some participants in the Federal Open Market Committee said they expected the Fed to eventually lengthen the maturity of the bonds purchased, according to the deliberations.
Several policymakers also noted that there are limits to how much support the Fed could provide through purchases and expressed concern about unintended consequences, the minutes showed. Fed officials voted to keep rates steady at the November meeting and repeated their pledge to do whatever possible to support the U.S. economic recovery.
Powell told reporters after the meeting that officials had reviewed options for adjusting the central bank’s asset purchases and decided the current pace of $120 billion a month was providing an appropriate amount of economic support. However, a recent surge in coronavirus infections and the looming expiration of some of the Fed’s emergency lending facilities, after Treasury Secretary Steven Mnuchin asked the Fed last week to return unused funds, may require the central bank to act sooner than planned.
Mnuchin’s request surprised Fed officials who said the programs provide a helpful backstop for businesses and municipalities. Fed policymakers may feel pressure to provide more details about their future plans for bond purchases when they meet again on Dec.15 and 16. Some investors already were raising their expectations that the Fed may increase its government bond purchases or adjust the maturity of bonds purchased to boost support to the economy after a resurgence in Covid-19 infections.
St. Louis Fed President James Bullard said on Tuesday he didn’t see a need for adjusting the Fed’s bond purchases after the recent success of several coronavirus vaccine candidates, which suggests the end of the health crisis may be in sight. New York Fed President John Williams said on Tuesday that the purchases supporting both markets and the economy and could be adjusted if needed. “I think they’re serving their purposes really well right now,” he said during a virtual interview with the Wall Street Journal.
Both Bullard and Williams said the Fed could restart the emergency lending programs later if markets come under renewed stress.
https://www.reuters.com/article/usa-fed-minutes/fed-officials-discussed-evolving-role-of-asset-purchases-in-november-meeting-idUSW1N2HH01B
planefag in gen is about 4 hours behind
kek