morning all
Suu Kyi supporters urge governments not to recognize Myanmar junta
Supporters of Myanmar's elected leader Aung San Suu Kyi are appealing to foreign governments not to recognize the military junta that ousted her in a coup last month. The Committee of Representatives to the Union Parliament (CRPH), made up mainly of members of the Suu Kyi's National League for Democracy, on Tuesday appointed nine acting ministers, including foreign minister. It is believed that the NLD is setting up a provisional government until the return of Suu Kyi, who was put under house arrest by the military.
After the military seized power in the Feb. 1 coup, it established the State Administration Council, the highest decision-making body, and appointed ministers including foreign minister. Suu Kyi was the foreign minister as well as de facto head of government in her position as State Counselor. The CRPH is countering the military's efforts to tighten its grip on power by appointing its own ministers. A number of foreign administrations have urged the country to restore democracy so far.
U.N. Ambassador Kyaw Moe Tun, who was sacked by the military, on Monday wrote to the U.N. General Assembly president to say that he was still the legitimate representative for Myanmar. He expressed support for the CRPH at the UN. On Tuesday, U.S. State Department spokesperson Ned Price declared the ambassador's dismissal as being unlawful.
The military is continuing to pressure NLD. Suu Kyi's lawyer said Wednesday that President Win Myint has been additionally charged with two offenses including anti-constitutional acts.
https://asia.nikkei.com/Spotlight/Myanmar-Coup/Suu-Kyi-supporters-urge-governments-not-to-recognize-Myanmar-junta
French AF ROXAN25 E-3 Sentry AWACS done on the French German border and sw back to central France-Loire Valley is Rothy land
Pretty normal looking over CONUS at present-busy but nothing note-worthy yet
EXEC1F USAF C-32A departed JBA
This is the handler "dr." Jill heading to Connecticut
First Lady Jill Biden will visit Meriden elementary school with new education secretary on Wednesday
https://www.msn.com/en-us/news/us/first-lady-jill-biden-will-visit-meriden-elementary-school-with-new-education-secretary-on-wednesday/ar-BB1ea0Pm
5Y Breakevens Surge To 2.50%, Highest Since 2008
The market is officially freaking out about inflation.
While 10Y breakevens have been relatively rangebound in recent days and printed at 2.23% earlier, the action now appears to be focusing on the belly where moments ago 5Y breakevens surged above 2.50%, rising to the highest since 2008. While there is no one catalyst, the market appears to be transfixed by every reflation print and following the earlier record print in the Markit Service PMI prices print, which as Markit noted "cost pressures remained elevated, with the rate of input cost inflation accelerating to the fastest on record (since October 2009)" and "in response, firms raised their selling prices at the second-quickest rate since data collection began over 11 years ago", a subsequent ominous print came from the Service ISM which while missing overall due toi a big drop in New Orders, also saw prices surge 7.6 to 71.8. Bottom line: traders have become extremely jittery when it comes to rising prices and any incremental print that suggests reflation is here to stay will push yields ever higher until the Fed does something, with the most likely outcome some sort of Yield Curve Control needing to be launched.
https://www.zerohedge.com/markets/5y-breakevens-surge-250-highest-2008
EXEC1F USAF C-32A on final approach at Bradley Int'l Airport from JBA
00-9001 USAFSOC C-32B nw after a McGuire AFB depart just sw
SAM753 USAF G5 west from JBA depart
09-0015 USAF C-32A departed JBA south
STACY25 USAF E-4B Nightwatch departing Dyess AFB, Abilene TX ne
Las Vegas Sands shuts door on U.S. gambling hub with $6.25 billion asset sale
Las Vegas Sands Corp , founded by late casino mogul Sheldon Adelson, will sell its Vegas properties for $6.25 billion, exiting the U.S. gambling hot spot after three decades to focus on Asia, home to the world’s largest gambling hub, Macau. The sale comes nearly two months after the death of Adelson - widely credited with helping transform the Chinese territory of Macau from a den of hard core gambling parlors into a center of luxury resorts and convention centers with revenue that now dwarfs Las Vegas.
Las Vegas Sands said the deal underscores its strategy of reinvesting in its Asian operations, with a focus on Macau and Singapore. Macau and Singapore accounted for 48% and 35% of the company’s total revenue in 2020, respectively, according to Refinitiv Eikon data.The sale comes nearly two months after the death of Adelson - widely credited with helping transform the Chinese territory of Macau from a den of hard core gambling parlors into a center of luxury resorts and convention centers with revenue that now dwarfs Las Vegas.
The properties being sold by the casino operator include the Venetian Resort Las Vegas and the Sands Expo and Convention Center. A possible sale of the properties was widely reported late last year.
The gambling industry, which thrives on air travel and large groups of people in close proximity, has been one of the hardest hit by the COVID-19 pandemic.
For 2020, Las Vegas Sands reported a loss of $1.69 billion, the biggest in its history, as travel restrictions and lockdowns brought the gambling industry to a virtual stand-still. The company’s cash and short-term investments halved to $2.12 billion at the end of 2020 from 2019. Apollo Global Management Inc’s affiliate-managed funds will buy the operating company of the Venetian for $2.25 billion and VICI Properties will buy the land and real estate assets of the Venetian for $4 billion.
Apollo’s Alex van Hoek said the investment “underscores our conviction in a strong recovery for Las Vegas as vaccines usher in a reopening of leisure and travel in the United States and across the world.”
Shares of Las Vegas Sands were up 1.2% at $65.74 in morning trading. The S&P 500 casinos and gaming index has gained 15.2% this year, compared to a 3% rise in the S&P 500.
https://www.reuters.com/article/lvsc-divestiture/update-3-las-vegas-sands-shuts-door-on-u-s-gambling-hub-with-6-25-bln-asset-sale-idUSL3N2L12WU
SHRUB11 US Navy E-6B Mercury ne from Tinker AFB
STACY25 USAF E-4B Nightwatch continues ne from Dyess AFB
muh id has changed 3x in dis bred.
SAM753 USAF G5 on approach at Scott AFB from JBA depart
>>65032
must be
STACY25 USAF E-4B Nightwatch did a circle of Lake of Egypt, IL then continued ne
Alphabet-backed Oscar Health valued at $7.09 bln in NYSE debut
Shares of Oscar Health fell more than 7% in their stock market debut on Wednesday, fetching a valuation of just over $7 billion for the health insurance startup backed by Google parent Alphabet Inc.
The company’s shares opened at $36 on the New York Stock Exchange, below its initial public offering (IPO) price of $39 per share. Oscar Health raised $1.2 billion in its offering on Tuesday.
Oscar Health’s market launch comes at a time when the COVID-19 pandemic has supercharged the telemedicine market, with more companies looking to expand their scale and offerings as healthcare moves to the virtual realm.
The New York-based company has about 529,000 users and allows patients to schedule physician visits, check lab results, make emergency virtual appointments and refill prescriptions through its mobile app or online platform.
Oscar Health was founded in 2012 by Mario Schlosser, Kevin Nazemi, who is no longer a part of the company, and Josh Kushner, brother of former U.S. President Donald Trump’s adviser and son-in-law, Jared Kushner.
https://www.reuters.com/article/oscar-health-ipo/update-1-alphabet-backed-oscar-health-valued-at-7-09-bln-in-nyse-debut-idUSL3N2L1402
STACY25 USAF E-4B Nightwatch had a refueling exercise with 62-3515 USAF KC 135 tanker over Kentucky-Nightwatch heading to Wright-Patterson AFB with the tanker heading back to Scott AFB
Texas electricity regulator cuts some emergency fees tied to winter storm
The Texas electricity regulator on Wednesday ordered cuts to emergency fees paid to generators amid a financial crisis in its power market, but adjourned without acting on calls to protect consumers from price spikes. A mid-February storm temporarily knocked out up to half the state’s generating plants, triggering outages that killed dozens and pushed power prices to 10 times the normal rate. About $47 billion in one-time costs are threatening companies that sell, transmit or generate electricity in the state. Consumers will see higher prices as the costs are passed along.
In its first meeting since the blackout, Public Utility Commissioners (PUC) agreed to revoke charges for standby power services that were not provided. The size of the charges have not been disclosed. “The PUC has acted with urgency and taken a big step in the right direction,” said Brandon Young, CEO of electricity provider Young Energy LLC. He said the changes would relieve some of the stress on providers and consumers. The two-person PUC separately endorsed an independent market adviser’s recommendation for an about $2 billion reduction in other fees but took no immediate action.
As the state and federal governments launched investigations into the storm, commissioners backed a state audit of emergency prices that soared when demand spiked during severe cold weather. U.S. lawmakers on Wednesday demanded the state’s grid operator turn over documents and communications with officials from during the storm. The state’s independent PUC adviser, Carrie Bivens, recommended cuts that could shave about $2 billion from business fees, though she provided no estimate of the total. Commissioners will meet Friday to consider that recommendation. “I can’t understand why there was no action on immediate relief for consumers” at the hearing, said Tim Morstad, associate state director for consumer advocacy group AARP Texas. His group asked the PUC for protections for consumers being shifted to new utilities.
If left in place, the service fees could force out a quarter of the state’s about 100 providers and concentrate up to 80% of the market among three large utilities, industry experts said. “There could be a number of retail service providers who aren’t able to remain in business if ERCOT does not relent on the demand for payment,” said Catherine Webking, an attorney who represents companies seeking fee cuts.
The PUC supervises grid operator Electric Reliability Council of Texas (ERCOT), which is facing a $2.46 billion shortfall from companies that have not paid their bills. ERCOT on Monday said it would begin naming businesses that have failed to pay and disclose the amounts each owed.
The crisis claimed its first victim Monday when Brazos Electric Power Cooperative Inc, whose members provide power to about 660,000 in the state, filed for bankruptcy after receiving bills for $2.1 billion from ERCOT. Brazos this week said storm charges could increase consumer bills by 2 cents per kilowatt hour.
https://www.reuters.com/article/usa-texas-power-crisis/update-1-texas-electricity-regulator-cuts-some-emergency-fees-tied-to-winter-storm-idUSL2N2L124T
Hog-Disease Outbreak in China Triggers Surge in U.S. Prices
Hog prices surged as rising cases of the deadly African swine fever in China fueled meat-supply concerns.
Thirty-six piglets were culled after the disease was detected in the province of Yunnan, in the third case this year in the Asian nation, the agriculture ministry said in a statement. Lean hogs for April delivery jumped by the exchange limit in Chicago.
China’s hog herd, the biggest in the world, has been rebounding from an ASF outbreak that started in 2018. If the disease starts spreading again, it could boost demand for meat imports and hit shipments of soy and corn needed to feed the pigs. Lean hog futures climbed as much as 3.5% before trimming the advance. Prices have risen more than 25% this year, making hogs one of the top-performing commodities. Meanwhile, soybean futures eased as much as 1.2%, paring annual gains to about 7%.
The disease has also been detected recently in Malaysia, South Africa and Germany. ASF hasn’t been found in the U.S., where farmers could stand to benefit from higher exports. Prices for U.S. pork and hogs had already been rebounding as economic activity picks up and restaurants and schools reopen from pandemic closures.
https://www.bnnbloomberg.ca/hog-disease-outbreak-in-china-triggers-surge-in-u-s-prices-1.1571748
>>65051
they owned too…
Erie, PN
vote nao or soon
it's over 24 hrs
otherwise eberthing is stale