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09-0015 USAF VIP C-32A departes Allentown, PA for Lancaster Airport, PA
-POTUS for Delivers Remarks at a Make America Great Again Victory Rally in Lititz, PA
09-0016 USAF C-32A departed JBA and waited for POTUS and crew in 15
ROCCO31 USAF KC-135R tanker out of McGuire AFB, NJ west and should be setting up as the mobile gas can for POTUS and crew
China's top leaders set stage for extended Xi rule with 15-year plan
The Chinese Communist Party's top policy-setting body is expected to discuss long-term plans, the likes of which have not been seen in a quarter-century, at the plenary session that began Monday.
China's official Xinhua News Agency reported the start of the fifth plenum of the 19th Central Committee, which is scheduled to run through Thursday. Officials will discuss not only the country's 14th five-year plan starting next year, which is typical for the fifth plenum after each twice-a-decade party congress, but also more unusually targets for 2035. China watchers see it as laying the groundwork for President Xi Jinping to stay in office for years to come. This will mark the first appearance of 15-year plans at a plenum since the 1995 gathering presided over by then-General Secretary Jiang Zemin, which set both economic and defense goals for 2010. The latter are seen as a factor in why Jiang stayed on as chairman of the Central Military Commission, which oversees the People's Liberation Army, for nearly two years after Hu Jintao succeeded him as party leader in 2002. This time around, Xi may use such long-term planning "as a steppingstone toward staying in office for the long run," a diplomatic source in Beijing speculated. As an approximate halfway point to the 100th anniversary of the founding of modern China in 2049, 2035 has become a focal point for planning under Xi. The government has laid out economic plans and development goals with an eye toward that year.
Michael Hirson, practice head for China and Northeast Asia at Eurasia Group, wrote in a note Friday that the plenum will mark the introduction of "China's most geopolitical five-year plan" to date, reflecting Xi's drive to increase China’s self-reliance in terms of demand as well as supply. He called the 2021-2026 five-year plan as "best thought of as the first five years in a 15-year agenda," as Xi seeks to stay in power after 2022. "In the pre-Xi era, the fifth plenum was part of the process of transitioning to the next generation of leadership," Hirson said, noting that the implementation of the five-year plan would fall on the next leader. "But Xi’s ambitions to stay on for a third term in 2022 have changed the role and significance of this meeting," he said.
China watchers are keeping an eye out for high-level appointments at this week's gathering that could signal an upcoming transfer of power. Back in 2010, Xi's status as leader-in-waiting was cemented with his selection as vice chairman of the Central Military Commission at the 2010 plenum. Typically, based on the unwritten rule that top Communist Party officials step down at the next once-in-five-years party congress after turning 68, Xi would be expected to cede leadership at the 2022 meeting, when he will be 69. Yet no likely successors emerged at the last party congress in 2017. Should this state of affairs continue at the fifth plenum, that would indicate that Xi is angling to stay in power beyond 2022. Jiang and Hu both stepped down after two five-year terms, as required by the constitution. But the charter was revised in 2018 to eliminate presidential term limits, opening the door to a third term for Xi.
The plenum will wrap up Thursday with recommendations for the five-year program and longer-term goals. Based on past precedent, it is likely that only an outline will be made public that day, with the full text and Xi's explanation released several days later. The numerical targets that market watchers are waiting for are expected to be included in the full version.
https://asia.nikkei.com/Politics/China-s-top-leaders-set-stage-for-extended-Xi-rule-with-15-year-plan
DRACO02 USAF E-8C Joint Stars se and heading into the Atlantic from Robins AFB, GA-this AC was last observed se into the Atlantic on 1023 and was heading back to Robins about the same time that POTUS was at Pensacola Rally
09-0015 USAF VIP C-32A POTUS departed Lancaster Airport, PA to John Murtha Johnstown-Cambria County Airport, PA-red dot is rally location
POTUS and crew will transfer east to Altoona-Blair via Marine One
-POTUS delivers remarks at a Make America Great Again Victory Rally in Martinsburg, PA-Altoona-Blair County Airport
09-0016 USAF C-32A departed JBA and a lazy track towards Lancaster waiting for POTUS and crew in 15 to ascend and now back to JBA
R1778 US Army G5 from Westchester, NY ground stop behind 09-0016
Market Report
DJI Volume: 403,245,440 Avg. Volume: 400,376,718 -649.93 (-2.29%)
SP500 Volume: 2,409,966,721 Avg. Volume: 4,147,733,437 -64.43 (-1.86%)
NASDAQ Volume: 2,850,906,267 Avg. Volume: 3,778,657,187 -189.34 (-1.64%)
The Dow Jones Industrial Average was down 2.29%in New York, while the S&P 500 and Nasdaq both dropped 1.64% and SP500 down 1.86. Stocks in Europe, where major cities such as Paris have announced new restrictions, also declined. Shares in travel firms took some of the heaviest losses. The U.S. dollar advanced on Monday, rising for a second straight session, bolstered by safe haven bids amid surging coronavirus cases in Europe and the United States as well as a lack of progress on a U.S. stimulus package. The benchmark 10-year yield was down in afternoon trading at 0.803%, well below its four-month high reached on Friday-see cap#4. Gold was flat on the day holding above $1900, Silver lower, back below $25.
Cruise lines Royal Caribbean Group and Norwegian both dropped more than 8%, while British Airways owner IAG closed 7.6% lower. "Most Shorted" stocks were slammed by the most in a month which caused the VIX ("fear gauge") to spike along with Put-Call ratios hitting 5-month highs to go along with the "signal" that markets have moar downside coming- gee what is the date again??
On Monday, Treasury Secretary Steven Mnuchin, who has been trying to broker a deal for the White House, said the two sides remained far apart. Congresswoman Nancy Pelosi, who leads Democrats in the House of Representatives made similar comments.
Some Headlines
Bank of China to Boost Debt Team by 40% Amid Offshore Deal Surge
Bank of China Ltd. plans to expand its headcount in the offshore bond business by 40% as it fights with global banks for a greater slice of a market that’s seen a surge in Chinese borrowers.
https://www.bnnbloomberg.ca/bank-of-china-to-boost-debt-team-by-40-amid-offshore-deal-surge-1.1513268
Container lines expect U.S. import binge to lose steam
Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.
moar
https://www.reuters.com/article/usa-imports-shipping/container-lines-expect-u-s-import-binge-to-lose-steam-idUSL1N2HH1OY
Mexican, Colombian pesos lead Latam FX declines as oil prices slide-see cap #3
The pesos of Mexico and Colombia fell the most among Latin American currencies on Monday after oil prices slid and the dollar strengthened, while Chile's peso reversed early declines to rise for the seventh straight day. Mexico's peso slipped 0.4%, while Colombia's peso dropped 0.6% as crude prices fell more than 3% as coronavirus cases continued to surge in the United States and Europe. A rise in the safe-have dollar also weighed on Latin American currencies.
https://www.reuters.com/article/emerging-markets-latam/emerging-markets-mexican-colombian-pesos-lead-latam-fx-declines-as-oil-prices-slide-idUSL1N2HH1XS
https://www.bbc.com/news/business-54694956
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.marketwatch.com/investing/index/dxy
09-0015 USAF VIP C-32A departed Johnstown-Cambria County Airport back to JBA
-POTUS departs JBA en route to the White House
09-0016 USAF C-32A heading back to JBA as the escort