tyb
dis in lb
>>60735 pb
SPAR80 USAF G5 departed Moddy AFB, Valdosta GA after an overnight
NATO Sec. Stoltenberg returning to Chievres AB Belgium
from today
NATO plans to cover outer space in mutual defense clause: German media
NATO plans to invoke its mutual defense clause for outer space in a clear signal to its military rivals China and Russia, German newsweekly Der Spiegel reported on Friday.
The decision is to be made at Monday’s NATO summit with the attendance of US President Biden as well as Turkish President Recep Tayyip Erdogan, said the magazine. "I expect the heads of state and government to decide that a serious attack on our satellites or other capacities in space can trigger the alliance (mutual defense) case," NATO Secretary-General Jens Stoltenberg told Der Spiegel. Under the move, if an ally is attacked from space in the future, Article 5 of the North Atlantic Treaty would be triggered. “The same would apply to space as to land, water, in the air and in cyberspace. An attack on one is an attack on all – and can be answered by everyone," Stoltenberg said. He left open as to when exactly the Western military alliance would invoke Article 5. "Keeping the exact threshold unclear is part of the deterrence," he said. That notwithstanding, NATO is not planning an arms buildup in outer space. "We are a defense alliance. We will not station weapons in space," said Stoltenberg.
It is not about the militarization of space, but about the defense of key capabilities, he said. "Satellites play a key role in communication and defense, they have to be protected," he added. According to publicly available information, the US, China, India, and – most recently – Russia have successfully carried out tests with anti-satellite weapons, in which they shot down their own satellites. In 2019, NATO recognized space as a new operational domain, alongside air, land, sea, and cyberspace. Its policy adopted that year guides NATO's approach to space and ensures the right support to the alliance’s operations and missions in such areas as communications, navigation, and intelligence.
NATO member states are also planning to create a space center in the air force high command base in the southwestern German town of Ramstein in a bid to monitor, and in time likely protect, friendly satellites.
https://www.aa.com.tr/en/europe/nato-plans-to-cover-outer-space-in-mutual-defense-clause-german-media/2270891
>>62216 pb
JASDF JF002 on final at Gatwick Airport from Tokyo Haneda depart-this is the support AC for PM Suga
BOXER40 USAF C-40C departed JBA earlier today and continues east and about to cross Dutch coast
"Shot Themselves In The Foot" - AMC 'Messiah' Mudrick Battered By Bad Options Bet
On June 1st, Mudrick Capital went from hero to zero in the eyes of Reddit's Wall Street Bets rebels as the hedge fund scooped up $230 million in newly issued stock at an above market price ($27.12), prompting Redditors to herald the fund as the company's savior and sparking a bullish move in the stock - now that the firm was (marginally) better capitalized.
In our view, this is not mindless dilution, but rather this is very smart raising of cash so that we can grow this company... to many of you on Twitter, to grow YOUR company. Watch out naysayers, $AMC is going to play on offense again. Here we come! {5 of 5} — Adam Aron (@CEOAdam) June 1, 2021
Just a few short hours later, a Bloomberg headline knocked the firm off their ivory tower to the moon as Redditors described them as “losers,” “scum bags” and “a large waving pile of s—t with no future," after the fund exited all of their equity position at $32 (a heroic trade making over $40 million in hours that upset the buy-and-hold frenzied WSB crowd). One Reddit post summed up their attitude to the fund's quick profit... “Mudrick didn’t stab AMC in the back…They shot themselves in the foot.”
That is where the story ended for many...
But now, as The Wall Street Journal reports, things didn't work out quite as well as Mudrick hoped and Redditors will get some schadenfreude payback...It turns out that inside Mudrick, executives were growing apprehensive and the firm’s risk committee met on the evening of June 1 and decided to exit all debt and derivative positions the following day (only the cash equity position had been exited prior).
However, as WSJ notes, that was one day too late. As it happens that among that set of derivatives positions, Mr. Mudrick had sold call options on AMC stock, producing immediate income to offset some potential losses if the theater chain did face problems (or as some might say 'picking up pennies in front a steamroller'). The derivatives gave buyers the option to buy AMC shares from Mudrick Capital for about $40 (viewed as a seeming improbability when the stock was trading below $10).
In overnight trading, AMC started to accelerate above $40... and within minutes of the open the next day had screamed up above $70 - sparking a massive surge in the price of those 'sold' call options, leaving Mudrick with a major loss...The loss on the sold options, it turns out, was big enough to not only erase the gains, it left the previously heroic-looking trader looking like the biggest loser.
WSJ reports that Mudrick Capital made a 5% return on the debt it sold but after accounting for its options trade, the fund took a net loss of about 5.4% on AMC. Mr. Mudrick’s fund is still up about 12% for the year, one of the people said. Meanwhile, investors who bought AMC stock at the start of the year and held on have gained about 2000%.
We can only imagine the reaction the WSB crowd once they find out about this.
https://www.zerohedge.com/markets/shot-themselves-foot-amc-messiah-mudrick-battered-bad-options-bet
Biden restores $929 mln for California high-speed rail withheld by Trump
The Biden administration late on Thursday restored a $929 million grant for California's high-speed rail that then-President Donald Trump revoked in 2019.
Trump had pulled funding for a high-speed train project in the state hobbled by extensive delays and rising costs that he dubbed a "disaster." Trump repeatedly clashed as president with California on a number of policy fronts, prompting the state to file more than 100 lawsuits against the Republican Trump administration. Democratic President Joe Biden strongly supports high-speed rail and has vowed to ensure the United States "has the cleanest, safest, and fastest rail system in the world." Biden wants to dramatically increase funding for passenger rail networks, and in April touted high-speed trains that could eventually travel almost as fast as airplanes. Federal Railroad Administration Deputy Administrator Amit Bose said Friday the agreement follows "intensive negotiations between the parties and reflects the federal government’s ongoing partnership in the development of high-speed rail."
California's lawsuit claimed the Transportation Department lacked legal authority to withhold the $929 million the administration of former President Barack Obama allocated a decade ago but had remained untapped. "The Biden Administration's restoration of nearly $1 billion for California's high-speed rail is great news for our state and our nation," U.S. House of Representatives Speaker Nancy Pelosi, a California Democrat, said in a statement. The parties agreed to restore the grant within three days, according to the settlement agreement. The funding restoration occurs as the Biden administration tries to hammer out an infrastructure spending deal with lawmakers. read more California's system, which is billed by the state as the first U.S. high-speed rail project, is estimated to cost from $69 billion to $99.8 billion and aims to be completed in the 2030s.
Democratic California Governor Gavin Newsom said the funding restoration will "move the state one step closer to getting trains running in California as soon as possible." California voters approved the initial $10 billion bond for the project in 2008, and $3.5 billion in federal money was allocated two years later. California previously received $2.5 billion. Trump had threatened -- but ultimately did not see the return of the $2.5 billion.
California State Treasurer Fiona Ma noted in a letter Monday that the Obama administration had allocated $10.5 billion for high-speed rail projects in 2009 and 2010 and that there are still no operational U.S. high-speed rail lines. "To be clear, a repeat effort that spends billions without getting any new lines operational after another decade will be the death of high-speed rail in America," Ma wrote to congressional leaders. "There is simply no way the public will continue to support such an agenda without seeing tangible results."
https://www.reuters.com/world/us/biden-administration-restores-929-mln-california-high-speed-rail-2021-06-11/
SPAR80 USAF G5 on ground at Chievres AB, Belgium from Moody AFB, GA depart earlier today.
Stoltenberg back at NATO Headquarters
had enough of it so not even in
Federal Reserve Bank of New York Reverse Repo. Operations-week of June 6-$2.569T
Monday June 7 $486.09B with 46 counterparties
Tuesday June 8th $497.42B with 46 counterparties
Wednesday June 9th $502.90B with 59 counterparties-woohoo over $500B!! and record high counterparties
Thursday June 10th $534.94B with 54 counterparties
Friday June 11th $547.80B with 49 counterparties
Total for the week$2.569T
Added to the running total of $8.73& + $2.56T gets ya$11.29TTreasury note/bills shoved back into the market since April 8th, 2021
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Since the first few of these (below) are dropped off the catalog here is moar on who,wut, why...
The Fed Is (trying) to Mop Up Its Own Mess in Reverse Repo
https://www.bloombergquint.com/gadfly/fed-is-mopping-up-its-own-mess-in-reverse-repo
>>47697 pb Federal Reserve Bank of New York Reverse Repo(s) April 8-23: $625.35B
>>49822 pb Federal Reserve Bank of New York Reverse Repo Operations April 26-30: $766.523B
>>51731 pb Federal Reserve Bank of New York Reverse Repo Operations week of May 2nd, 2021-$757.09b
>>53526 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 9th-$1.042T
>>55522 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 16th-$1.46T
>>57726 pb Federal Reserve Bank of NY Reverse Repo Operations-week of May 23rd, 2020
>>59773 pb Federal Reserve Bank of New York Reverse Repo Operations-Week of May 30th,2021-$1.84T
out for a bit