02-5001 USAFSOC C-32B on descent for Bangor, ME from Bergen, Norway depart earlier today.
Arrived yesterday from Eglin AFB depart
SAM811 USAF G5 wn from JBA depart at 40k ft
X USAF CD-10 extender over Not AF1 'at Delaware' position
Yemen's Houthis say they attacked Saudi cities, Aramco facilities
Yemen's Iran-aligned Houthi movement said on Saturday (Nov 20) it had fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah.
The Saudi-led coalition battling the Houthis in Yemen had on Friday said it destroyed three drones launched towards southern Saudi Arabia and a fourth over Yemen. It said the group "failed to launch two ballistic missiles" and they fell inside Yemen. Saudi Aramco, the state oil firm, said when contacted by Reuters that it would respond at the earliest opportunity.
The Houthi military spokesman Yahya Sarea said in a televised press conference that the group had attacked Aramco's refineries in Jeddah as well as military targets in Riyadh, Jeddah, Abha, Jizan and Najran. Mr Sarea's statement contained inaccuracies. It mentioned the wrong name for the international airport in Jeddah and the wrong location for King Khalid base, saying it was in Riyadh when it is actually in the south of the kingdom. Aramco's refinery in Jeddah was decommissioned in 2017 but it has a petroleum products distribution plant there that the Houthis had previously targeted in March. The Houthis have repeatedly launched cross border attacks on Saudi Arabia using drones and missiles since the coalition intervened in Yemen in March 2015 after the movement ousted the Saudi-backed government from the capital, Sanaa. Efforts led by the United Nations and the United States to engineer a ceasefire in Yemen have stalled.
The conflict, seen as a proxy war between Saudi Arabia and Iran, has been in military stalemate for years. The Houthis are pressing an offensive in Marib, the internationally recognised government's last northern stronghold, as well as in other areas in Yemen.
https://www.straitstimes.com/world/middle-east/yemens-houthis-say-they-attacked-saudi-cities-aramco-facilities
Japan poised to tap national petroleum reserve for first time
Japan is weighing a release of crude oil from its national petroleum reserve, Prime Minister Fumio Kishida said Saturday, an unprecedented move in response to a U.S. call for action against high energy prices. "We are examining our legal options on the understanding that this would be coordinated action by Japan, the U.S. and partner countries," Kishida told reporters during a visit to the city of Matsuyama.
Japan has never tapped its national oil stockpiles, although it has told refiners in the past to release crude from their stockpiles in response to supply risks. In the U.S., the Biden administration is facing calls to tap America's strategic petroleum reserve as high crude oil prices force drivers to pay more for gasoline. As of the end of September, Japan's total oil reserves held the equivalent of about 240 days of domestic demand. The national stockpile holds a 145-day supply, while oil companies are required to have 90 days' worth in reserve. Japan can also tap a six-day supply in a reserve maintained jointly with oil-producing nations. The most recent release of private-sector stockpiles was in June 2011 in response to the Libyan crisis.
Japan's petroleum reserve law allows for the release of oil when there is a threat of supply disruption or in the event of a disaster. The reserve has not been envisioned as a pressure value for easing high oil prices. When domestic demand for oil decreases, the number of days of reserve needed also falls, creating a surplus. Kishida's government will consider releasing such surplus oil. The surplus can be tapped as long as Japan maintains the International Energy Agency-mandated equivalent of 90 days of imports through a combination of its national reserve and half the joint stockpile. This would allow the government to make timely releases without running into legal obstacles.
There is also a proposal to use the proceeds from the sale of this oil to pay for a gasoline subsidy that the government aims to begin as early as this year. The payments would go to refiners that agree to cap gasoline prices.
https://asia.nikkei.com/Business/Energy/Japan-poised-to-tap-national-petroleum-reserve-for-first-time
This is Blinken at Dakar
SAM604 USAF C-32A on ground at Dakar, Senegal
Senegal Signs $1 Billion of Construction Deals With U.S. Firms
Senegal signed construction deals worth $1 billion with U.S. companies, including for a highway linking the capital Dakar to Saint-Louis, according to Secretary of State Antony Blinken. The money would also be spent on bridges, improving trade corridors with neighboring countries, and a nationwide communications network for emergency services, according to a note handed to reporters in Dakar on Saturday. Among the U.S. companies involved are Bechtel Corp. and Cubic Transportation Systems.
Blinken arrived in Senegal on Friday, following stops in Kenya and Nigeria during his first official visit to Africa. President Joe Biden’s top envoy has signaled the U.S.’s intent to revitalize its long-neglected relations with Africa, where it has steadily been losing influence to China and other global powers. Africa has always been near the bottom of the U.S. foreign-relations priority list, with the world’s poorest continent accounting for less than 2% of its total two-way trade. Relations reached a low ebb during President Donald Trump’s tenure, during which he made disparaging remarks about African countries and high-level diplomatic engagements were few and far between.
https://www.bnnbloomberg.ca/senegal-signs-1-billion-of-construction-deals-with-u-s-firms-1.1684786
Economic Schedule for Week of November 21, 2021-Mkts closed Thursday-short day Friday
The key reports this week are October New Home sales, Existing Home sales, the second estimate of Q3 GDP, and Personal Income and Outlays for October.
For manufacturing, the Richmond Fed manufacturing survey will be released this week.
-
Monday, November 22nd -
8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.
10:00 AM: Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for 6.20 million SAAR, down from 6.29 million in September.
-
Tuesday, November 23rd -
10:00 AM: Richmond Fed Survey of Manufacturing Activity for November.
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Wednesday, November 24th -
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 270 thousand initial claims, up from 268 thousand last week.
8:30 AM: Gross Domestic Product, 3nd quarter 2020 (Second estimate). The consensus is that real GDP increased 2.1% annualized in Q3, up from 2.0% in the advance estimate of GDP.
8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 0.2% increase in durable goods orders.
10:00 AM: Personal Income and Outlays for October. The consensus is for a 0.2% increase in personal income, and for a 1.0% increase in personal spending. And for the Core PCE price index to increase 0.4%.
10:00 AM: New Home Sales for October from the Census Bureau.
The consensus is for 801 thousand SAAR, up from 800 thousand in September.
10:00 AM: University of Michigan's Consumer sentiment index (Final for November). The consensus is for a reading of 66.8.
2:00 PM: FOMC Minutes, Meeting of November 2-3, 2021
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Thursday, November 25th -
All US markets will be closed in observance of the Thanksgiving Day Holiday.
-
Friday, November 26th -
The NYSE and the NASDAQ will close early at 1:00 PM ET.
https://www.calculatedriskblog.com/2021/11/schedule-for-week-of-november-21-2021.html
Used Car Prices Explode To New Record High
After last week's hot CPI print, the great inflation debate continues to dominate headlines. The Biden administration and Federal Reserve members have been insisting inflation is transitory. But new, used car data shows prices continue to soar, suggesting inflation is anything but transitory.
Anyone shopping for a used car since the virus pandemic began has been hit with extraordinarily high prices as snarled supply chains and chip shortages crimp new car output, pushing consumers onto secondary markets. The Manheim Index, the most recognized wholesale used-vehicle price index by financial and economic analysts, shows that used car prices rose 4.9% in the first 15 days of November compared to October. The overall index has jumped 44.9% from November 2020. "As was the case in October, some of the monthly increase is a result of the seasonal adjustment, as November typically sees above-average vehicle depreciation and therefore used price declines. The non-adjusted price increase through mid-November was 2.6%," the report said.
The report suggests that used car prices will remain high while automakers continue to work through supply chain woes into next year. There are rising probabilities of price fluctuations up and down. Ford's CFO John Lawler warned earlier this month that supply constraints could continue into 2022 and said, "we'll be dealing with [supply chain issues] for a while." This means used car prices might rise even further through year-end.
Consumers will have to get used to paying a very high sticker price for a used car. Shown below is the average used car price surges as the available supply sinks. The working poor who have had their credit scores tarnished during the pandemic downturn will feel the burden of pricier used cars. If prices continue higher, this means people's incomes will be more heavily weighted to servicing car payments and could take away from other spending (such as eating out).
According to WaPo, "Rental-car companies for the first time have become major buyers of used cars at auction, instead of big sellers. That's because they can't get enough new vehicles and are desperate to fill their fleets, industry executives say." And it's not just rental-car companies buying used cars. Dealers have been soaking up supplies to keep their parking lots full. As used car costs resume their vertical move higher, this suggests the used car component of CPI has more room to rise in November...
Not "transitory."
https://www.zerohedge.com/markets/used-car-prices-continue-historic-vertical-ascent-new-record-high
#735
>>110659, >>110660 NASCAR Driver Bubba Wallace: Rittenhouse Would Have Got Life if He Were Black-breitbart/soc. media Nov 19
>>110663>>110664 US Patent US20210082583A1: Methods and systems of prioritizing treatments, vaccination, testing and/or activities while protecting the privacy of individuals-patents.google
>>110665 EU: The Use of Chip Implants for Workers-europarl.europa.eu
>>110666, >>110674 Poso Twat: "Justice for Crystul!"-Call for justice for Crystul Kizer of Kenosha and "Hello, I am the mother of, Chrystul Kizer, who was a minor at the time of her incarceration...".-soc. media
>>110667 Joe Biden signed executive order 14051: Designation to Exercise Authority Over the National Defense Stockpile-federalregister.gov Oct. 31/article Nov 3
>>110668 Andrew Coffee IV found not guilty on all counts of murder, attempted first degree murder-wpbf Nov 19
>>110670 Why are we having a "Gas Crisis???"-Governors of each state are in control of the oil production, NOT the Federal Governmen…eia.gov
>>110672, >>110680, >>110686, >>110687, >>110688 pf report(s)
>>110675 Biden Regime Ignores Courts Again and Tells Businesses to Move Forward with Vaccine Mandate-gatewaypundit
>>110682 Yemen's Houthis say they attacked Saudi cities, Aramco facilities-straitstimes
>>110685 Japan poised to tap national petroleum reserve for first time-nikkei
>>110686, >>110687 Senegal Signs $1 Billion of Construction Deals With U.S. Firms-bnnB'Berg
>>110689 Economic Schedule for Week of November 21, 2021-Mkts closed Thursday-short day Friday-calculatedrisk
>>110690 Meanwhile in Portland: Portland rioters call for killing Kyle Rittenhouse-oregoncatalyst
>>110691 Used Car Prices Explode To New Record High-zh
#735
>>110659, >>110660 NASCAR Driver Bubba Wallace: Rittenhouse Would Have Got Life if He Were Black-breitbart/soc. media Nov 19
>>110663, >>110664 US Patent US20210082583A1: Methods and systems of prioritizing treatments, vaccination, testing and/or activities while protecting the privacy of individuals-patents.google
>>110665 EU: The Use of Chip Implants for Workers-europarl.europa.eu
>>110666, >>110674 Poso Twat: "Justice for Crystul!"-Call for justice for Crystul Kizer of Kenosha and "Hello, I am the mother of, Chrystul Kizer, who was a minor at the time of her incarceration...".-soc. media
>>110667 Joe Biden signed executive order 14051: Designation to Exercise Authority Over the National Defense Stockpile-federalregister.gov Oct. 31/article Nov 3
>>110668 Andrew Coffee IV found not guilty on all counts of murder, attempted first degree murder-wpbf Nov 19
>>110670 Why are we having a "Gas Crisis???"-Governors of each state are in control of the oil production, NOT the Federal Governmen…eia.gov
>>110672, >>110680, >>110686, >>110687, >>110688 pf report(s)
>>110675 Biden Regime Ignores Courts Again and Tells Businesses to Move Forward with Vaccine Mandate-gatewaypundit
>>110682 Yemen's Houthis say they attacked Saudi cities, Aramco facilities-straitstimes
>>110685 Japan poised to tap national petroleum reserve for first time-nikkei
>>110686, >>110687 Senegal Signs $1 Billion of Construction Deals With U.S. Firms-bnnB'Berg
>>110689 Economic Schedule for Week of November 21, 2021-Mkts closed Thursday-short day Friday-calculatedrisk
>>110690 Meanwhile in Portland: Portland rioters call for killing Kyle Rittenhouse-oregoncatalyst
>>110691 Used Car Prices Explode To New Record High-zh
try dat again