tyb
SAM000 (chek't) G5 KAF AC of interdast departed JBA nw with
>>73744 pb
99-6143 USAFSOC C-32B on ground at JBA from it's Nevada depart earlier this morning
VV378 US Navy G5 on descent for JBA from Rota NB Spain
Gotta "floater" off SoCal
LDACE11 hanging around on the "ground"
BOXER43 USAF C-40C on descent for MCAS Yuma from Montgomery , AL ground stop
located just across the border with BOXER43 left wing passing overhead
Shelter in San Luis R.C. sees an increase in asylum-seekers
A shelter in San Luis Rio Colorado, Sonora, says it sees around 30 asylum seekers a week. Tribuna de San Luis reported the shelter, La Divina Providencia, continues to see people from Guatemala, Honduras, and El Salvador who seek food, shelter, clothing, and footwear before heading to the U.S. The president of the shelter, Martín Ames Salgado, said since President Joe Biden's election, migrants seeking shelter continue to increase. “We serve around 30 Central Americans per day, but that does not mean that only that is the number of returnees per day since we remember that, due to instant deportations, many, as well as those who return, try again to cross through another border."
https://kyma.com/news/top-stories/2021/03/26/shelter-in-san-luis-r-c-sees-an-increase-in-asylum-seekers/
Ex-Tiger Asia Founder Triggers $30 Billion in Large Stocks Sales
One mystery in a dramatic year on Wall Street has been the identity of a trader whose persistent purchases have sent shares in ViacomCBS Inc., Discovery Inc. and a handful of other companies surging even when the broader market was down. People familiar with the transactions say the answer is former Tiger Asia manager Bill Hwang. Late last week Morgan Stanley, Goldman Sachs Group Inc. and Deutsche Bank AG swiftly unloaded large blocks of shares in those companies and others, part of the liquidation of positions at Mr. Hwang's Archegos Capital Management.
The sales approached $30 billion in value, some of the people said, and fueled a 27% plunge Friday in shares of ViacomCBS – an unusually large decline in a widely held, large-capitalization stock on a day with no significant company specific news. Billions of market value in other companies were wiped out as the sales continued, surprising market participants who called the size and speed of these stock sales unprecedented. The liquidations appear to have left Archegos, which managed an estimated $10 billion of personal wealth for Mr. Hwang and his family, under extreme pressure following heavy losses. People close to the stock sales said that the bulk of the selling has been completed. Class A shares of Discovery dropped $15.85, or 27%, to $41.90 on Friday, the largest percentage decrease since September 2008. And a punishing dayslong selloff for ViacomCBS continued, as the shares dropped $18.12, or 27%, the largest percentage decrease on record, according to Dow Jones Market Data going back to 1990.
Shares of a U.S.-listed Chinese entertainment company, IQIYI Inc., also sold in block trades Friday as part of the unwinding, fell 13% to $17.43. Discovery released a statement in response to the selloff on Friday reaffirming its outlook to Wall Street. The losses mark the latest public setback for the publicity-shy Mr. Hwang, who is best known for his prior firm, Tiger Asia Management LLC, in 2012 pleading guilty to a criminal fraud charge. Tiger Asia also agreed to pay $44 million to settle civil allegations by U.S. securities regulators that it engaged in insider trading of Chinese bank stocks.
Mr. Hwang and Archegos's co-chief executive, Andy Mills, didn't respond to requests for comment-website still down
https://www.archegoscapital.com/
According to people familiar with the fund, the highly levered Archegos took big, concentrated positions in companies and held some positions via swaps. Those are contracts brokered by Wall Street banks that allow a user to take on the profits and losses of a portfolio of stocks or other assets in exchange for a fee. The use of swaps allowed Mr. Hwang to maintain his anonymity, even as Archegos was estimated to have had exposure to the economics of more than 10% of multiple companies' shares. Investors holding more than 10% of a company's securities are deemed to be company insiders and are subject to additional regulations around disclosures and profits. Stock blocks sold Friday amounted to 10% or more of outstanding shares in companies including online luxury retailer Farfetch Ltd. and New York-listed Chinese tutoring company GSX Techedu Inc.
The episode reignites debate over whether the use of swaps presents a market vulnerability.
https://www.marketscreener.com/news/latest/Ex-Tiger-Asia-Founder-Triggers-30-Billion-in-Large-Stocks-Sales--32821440/
Japan's Nomura flags $2 billion loss at U.S. unit, cancels bond issue
Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary arising from transactions with a U.S. client, and separately said it would cancel a planned bond issuance due to a significant “event”. The estimated amount of the subsidiary’s claim against the client is approximately $2 billion based on market prices as of March 26, the brokerage and investment bank said in a statement. This estimate could change depending on the unwinding of the transactions and fluctuation in market prices, it said. In a separate statement on Monday, Nomura said it would cancel the planned issuance of U.S. dollar senior notes, citing “an event that occurred after pricing that could impact the company’s consolidated financial results.”
Nomura said it is still assessing the impact of the potential loss on its consolidated earnings.
Shares of Nomura were down nearly 15% in early trade on Monday, after being hit with a deluge of sell orders at market open.
https://www.reuters.com/article/nomura-usa/update-1-japans-nomura-flags-2-bln-loss-at-u-s-unit-cancels-bond-issue-idUSL1N2LR00H
nuffin to see here from a FRBNY Primary Dealer
Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as needed, and to bid on a pro-rata basis in all Treasury auctions at reasonably competitive prices.
https://www.newyorkfed.org/markets/primarydealers.html
Mizuho had issues with ATM's and a "glitch" starting on March 4th-another FRBNY primary dealer……cap#2
March 4th
Japan's Mizuho says suffers minor ATMs system glitch after Sunday's large-scale breakdown
Japan's third largest lender stopped services on Sunday at ATMs which had taken customers' cash cards and bank books. The failure affected 4,318 ATMs out of 5,395 nationwide, the bank had said. The problem was caused by a failed data migration for time deposit transactions by the bank.
https://www.nasdaq.com/articles/japans-mizuho-says-suffers-minor-atms-system-glitch-after-sundays-large-scale-breakdown
Suga supposed to meet with joe on thurs.