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Anonymous ID: 8faf25 Oct. 25, 2021, 6:57 a.m. No.103568   🗄️.is 🔗kun   >>3574 >>3578 >>3600 >>3609 >>3615 >>3644 >>3655 >>3665 >>3667

Not AF1 Joe in 09-00016 USAF C-32A departed New Castle Cty Airport to Newark Int'l

 

>>103422 pb the equipment in yesterday-2 ANON C-17s

09-0017 USAF C-32A on hold for Not AF1 Joe of NJ and back to JBA

59-1468 USAF KC-135 tanker over Not AF1 Joe in Delaware position and should head back to Pittsburgh Int'l shortly

 

Joe Biden To Visit New Jersey For Kickoff Of Portal Bridge Construction

Joe Biden will visit Newark on Monday to kick off construction of the new Portal Bridge. The bridge is part of the Gateway Program, a huge infrastructure project designed to ease congestion along the Northeast Corridor. The new bridge will replace a 110-year-old structure over the Hackensack River. The old bridge has long been a problem, frequently getting stuck and delaying commuters.

https://newyork.cbslocal.com/2021/10/25/president-biden-portal-bridge-nj-visit/

 

SAM529 USAF G5 KAF AC of interdast west from JBA

Anonymous ID: 8faf25 Oct. 25, 2021, 7:02 a.m. No.103570   🗄️.is 🔗kun   >>3578 >>3600 >>3615 >>3644 >>3665 >>3667

U.S. oil price passes $85 as OPEC wary to increase crude supply

 

Oil in the U.S. rallied above $85 a barrel for the first time since 2014, another landmark in a surge in global energy prices, while an eye-watering rally in market structure deepened.

 

West Texas Intermediate rose as much as 1.6%, while global benchmark Brent also rallied. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told Bloomberg Television at the weekend that producers shouldn’t take the increase in prices for granted. That conservative stance was echoed by both Nigeria and Azerbaijan.

 

The most recent leg higher in the market has been led by the market’s structure, which has been rallying even faster than headline crude prices. WTI for immediate delivery was trading more than a dollar higher than the next month as traders pay premium prices to secure supplies, a bullish structure known as backwardation. The closely watched spread between the nearest two December contracts was the strongest since 2013 and trading at beyond $12 a barrel.

 

Oil has more than doubled over the past 12 months, and coupled with a global energy crunch it is fanning inflationary concerns. So far, there appears to be little end in sight for the rally, and Wall Street has been steadily upping its views of the market, expecting prices to trade higher for longer. Goldman Sachs Group Inc. says consumption is on the cusp of returning to pre-Covid levels, while the Organization of Petroleum Exporting Countries and its allies have been restrained in easing the draconian supply cuts imposed in 2020 to salvage prices.

 

“Continuous global stock drawdowns are still widely anticipated in the coming months and only a dent in demand growth could change the underlying sentiment,” said Tamas Varga, an analyst at brokerage PVM Oil Associates.

 

Prince Abdulaziz said that demand may increase 500,000-600,000 barrels a day if the Northern Hemisphere’s winter is colder than normal and companies switch from gas to crude, he also cautioned that more barrels from OPEC+ would do little to curb costs of gas in Europe and Asia or gasoline in the U.S.

https://www.worldoil.com/news/2021/10/25/us-oil-price-passes-85-as-opec-wary-to-increase-crude-supply

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

Anonymous ID: 8faf25 Oct. 25, 2021, 7:18 a.m. No.103571   🗄️.is 🔗kun   >>3578 >>3600 >>3615 >>3644 >>3665 >>3667

Atlanta Fed’s GDPNow Says U.S. Third Quarter Growth Was Almost Nil at 0.5 Percent; Wall Street Economists Are Forecasting Over 3 Percent

 

This coming Thursday morning at 8:30 a.m., the Department of Commerce’s Bureau of Economic Analysis (BEA) will release its advance estimate for U.S. Gross Domestic Product (GDP) in the third quarter. Some folks are going to have a lot of egg on their face at 8:31 a.m. That’s because the Wall Street crowd of economists has remained wildly optimistic on how the U.S. economy behaved in the third quarter, despite an upsurge in the Delta variant of COVID-19 hobbling consumer confidence and spending. Most economists on Wall Street are forecasting real GDP growth in the third quarter of more than 3 percent.

 

That Wall Street optimism has not been experienced by the number crunchers on the GDPNow Team at the Atlanta Fed. As of this morning, the AtlantaFed’s GDPNow crew can barely find a pulse for U.S. growth in the third quarter. They are predicting real GDP growth (seasonally adjusted annual rate) in the third quarter of just 0.5 percent. That forecast comes with the following caveat: “GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter….”

 

As the chart above indicates, the GDPNow Team’s number for third quarter GDP has been melting away faster than a snow cone in July. On August 2, it stood at 6.3 percent.

 

The AtlantaFed’s GDPNow Team will have one last chance to tweak its forecast this Wednesday, after it evaluates the data releases on durable goods orders for September and advance economic indicators. Regardless of who is right on their number, there is no debate that GDP growth fell off a cliff from its reading in the second quarter, which came in at 6.7 percent.

 

The plunge in third quarter GDP versus second quarter GDP follows a similar plunge in consumer confidence. The Conference Board’s Consumer Confidence Index fell further in September, after declines in both July and August. The Index now stands at 109.3 from a reading of 128.9 in June – a 15 percent drop. The report on September 28 noted the following: “Consumer confidence dropped in September as the spread of the Delta variant continued to dampen optimism. Concerns about the state of the economy and short-term growth prospects deepened, while spending intentions for homes, autos, and major appliances all retreated again.” The U.S. consumer has now had 19 months of hunkering down in their homes, cutting their own hair, while avoiding vacations, dining out and gatherings with friends. The consumer is becoming downright snarly.

moar

https://wallstreetonparade.com/2021/10/atlanta-feds-gdpnow-says-u-s-third-quarter-growth-was-almost-nil-at-0-5-percent-wall-street-economists-are-forecasting-over-3-percent/

Anonymous ID: 8faf25 Oct. 25, 2021, 8:20 a.m. No.103586   🗄️.is 🔗kun   >>3615 >>3644 >>3665 >>3667

Puerto Rico Bankruptcy Judge Threatens Dismissal of Case Without Plan

 

The judge overseeing Puerto Rico’s record bankruptcy threatened to consider dismissing the island’s more than four-year case if she is unable to confirm a debt restructuring plan soon, U.S. District Court Judge Laura Taylor Swain said during a hearing Monday.

 

The judge’s comments came in a hearing Monday to discuss an impasse that has delayed the passage of legislation that would allow for a debt-restructuring plan to move forward. “I will be frank with you, my patience is wearing thin,” Swain said during the hearing. “I’m not convinced that further delays are at the interest of Puerto Rico.”

 

A dismissal of Puerto Rico’s bankruptcy would upend years of negotiations with bondholders, insurance companies and labor groups to find a way to resolve $33 billion of bonds and other obligations, including $22 billion of general obligations and debt backed by the commonwealth. It would allow investors to sue Puerto Rico for repayment of bonds as a stay on such actions would be lifted without bankruptcy protection. The debt-cutting agreement struck with major bondholders has been imperiled by the territory’s legislature, which failed to approve a measure that would allow Puerto Rico to issue new debt to implement it. Under the deal, investors would exchange their debt for a lesser amount of new bonds, reducing what the government owes.

 

Puerto Rico’s legislative leaders late Sunday, however, reached an agreement that could end the stalemate. Puerto Rico has been in bankruptcy since May 2017, after years of population loss, economic decline and borrowing to pay for operating expenses.

https://www.bnnbloomberg.ca/puerto-rico-bankruptcy-judge-threatens-dismissal-of-case-without-plan-1.1671503

 

doo eeet mang..

Anonymous ID: 8faf25 Oct. 25, 2021, 8:53 a.m. No.103595   🗄️.is 🔗kun   >>3600 >>3615 >>3644 >>3665 >>3667

Mastercard expands cryptocurrency services with wallets, loyalty rewards

 

Mastercard Inc said on Monday it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under loyalty programs. The credit card giant said it would offer these services in partnership with Bakkt Holdings Inc, the digital assets platform founded by NYSE-owner Intercontinental Exchange.

 

Founded in 2018, Bakkt went public earlier this year through a $2.1 billion merger with a blank-check company. Shares of the company were up 77% at $16.19 on Monday. Mastercard said its partners can also allow customers earn and spend rewards in cryptocurrency instead of loyalty points. The company had said in February here it would begin offering support for some cryptocurrencies on its network this year. Last year, rival Visa Inc had partnered here with cryptocurrency startup BlockFi to offer a credit card that lets users earn bitcoin on purchases. Bitcoin, the world’s largest cryptocurrency, touched a record high of $67,016 last week after the debut of the first U.S. bitcoin futures-based exchange traded fund. It has more than doubled in value this year.

https://www.reuters.com/article/cryptocurrency-mastercard/mastercard-expands-cryptocurrency-services-with-wallets-loyalty-rewards-idUSL4N2RL3EJ

Anonymous ID: 8faf25 Oct. 25, 2021, 10:01 a.m. No.103612   🗄️.is 🔗kun   >>3615 >>3644 >>3665 >>3667

Tesla breaches $1 trillion market cap

 

Tesla Inc on Monday breached a trillion dollars in market capitalization, the fifth U.S. company to join the club, which includes Apple, Microsoft, Amazon and Alphabet.

https://www.reuters.com/article/tesla-stocks/tesla-breaches-1-trillion-market-cap-idUSL4N2RL3PT

Anonymous ID: 8faf25 Oct. 25, 2021, 11:16 a.m. No.103643   🗄️.is 🔗kun   >>3644 >>3665 >>3667

Cryptocurrencies post record inflows in latest week -CoinShares data

 

Cryptocurrency products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, as optimism soared with the trading of bitcoin exchange traded funds, a report from digital asset manager CoinShares showed on Monday.

 

Inflows so far this year hit $8 billion, far exceeding the record set for the whole of 2020 of $6.7 billion, the data showed as of the week ended Oct. 22. Total assets under management also hit a new record of $79.2 billion, although it ended the week at $76.7 billion. The bulk of inflows for the sixth straight week went to Bitcoin, with $1.45 billion, data showed. Inflows to the world’s largest cryptocurrency year-to-date amounted to $6.1 billion. The ProShares Bitcoin Strategy ETF and the Valkyrie Bitcoin Strategy ETF debuted last week, a defining moment for the crypto industry that is expected to lure more inflows from big institutional investors.

 

That pushed bitcoin to an all-time peak of $67,016.50. It was last up 4.6% at $63,682.

Ethereum, meanwhile, saw outflows for a third consecutive week totaling $1.4 million. CoinShares believed that the outflows were due to minor profit-taking as the price approaches record highs. Ether, the currency for the Ethereum blockchain, last exchanged hands at $4,224.30, up 3.5%. Other altcoins saw inflows. Solana, Cardano and Binance posted inflows totaling $8.1 million, $5.3 million and $1.8 million, respectively. Assets under management at Grayscale and Coinshares, the two largest digital asset managers, climbed last week to $54.6 billion and $5.2 billion, respectively.

https://www.reuters.com/article/fintech-crypto-flows/cryptocurrencies-post-record-inflows-in-latest-week-coinshares-data-idUSL1N2RL1T0

Anonymous ID: 8faf25 Oct. 25, 2021, 11:28 a.m. No.103645   🗄️.is 🔗kun   >>3665 >>3667

SPAR90 USAF G5 east from Peterson AFB

This AC arrived on 1022 Friday from Brussels Int'l depart and was also one of two NATO G5s at Southampton on 1020 while no Nightwatch Sec.cretry of Defense was in Brussels last week-SPAR65 and SPAR91 (presently SPAR90)

>>102978 pb

Anonymous ID: 8faf25 Oct. 25, 2021, 11:59 a.m. No.103655   🗄️.is 🔗kun   >>3665 >>3667

>>103568

Not AF1 Joe in 09-0016 USAF C-32A departed Newark Int'l ws to JBA

09-0017 USAF C-32A up from JBA as 'escort' for Not AF1 Joe and back to JBA

 

Then it is moar churchiness cause you gotta look good before Pope Frank later this week.

 

5:30pm EST Nat AF1 Joe meets with His All-Holiness Ecumenical Patriarch Bartholomew and welcomes the official delegation of the Orthodox Christian Church to the White House

https://factba.se/biden/calendar