tyb
Not AF1 Joe 82-8000 USAF 747 on final at JBA from Raleigh Int'l
Biden encourages vaccinations, warns about Delta variant
https://abc11.com/joe-biden-raleigh-nc-covid-19-vaccine-green-road-community-center/10827037/
EXEC1F USAF C-40B on descent for JBA from Tampa Int'l depart
Jill Biden, Dr. Anthony Fauci attend Lightning vaccination event in Tampa
https://www.tampabay.com/sports/lightning/2021/06/24/jill-biden-dr-anthony-fauci-attend-lightning-vaccination-event-in-tampa/
>>65891 pb Here it comes: Multi-Trillion Funding Squeeze On Deck Once Fed Greenlights $140BN In Bank Buybacks Today
Banks clear Fed stress test; paving way to boost buybacks, dividends
Large banks will no longer face pandemic-era restrictions on how much they can spend buying back stock and paying dividends, the Federal Reserve announced Thursday after finding the firms would remain well capitalized in its latest stress test.
The central bank said the test found 23 of the largest firms would suffer a combined $474 billion in losses under a hypothetical severe downturn, but that would still leave them with more than twice as much capital required under Fed rules. As a result, the Fed will lift limits on buybacks and dividends it had put in place at the onset of the coronavirus pandemic.
The results were met by a sigh of relief on Wall Street, where firms had been limited on what they can pay out to investors. Analysts expect banks like JPMorgan Chase (JPM.N), Bank of America (BAC.N) and Goldman Sachs (GS.N) will be able to pay out more than $100 billion together over the next four quarters. read more
The severity of losses under the test will be a factor in setting new capital requirements for each firm and setting boundaries for future dividends and share buybacks. The Fed said it expects banks to wait until after markets close at 4:30 p.m. EDT (2030 GMT) on Monday to announce dividends and capital plans.
Bank stocks moved little in after-hours trading following the Fed's release. Banks suffered heavy losses in the test, which saw the hypothetical jobless rate surge to 10.75%, the stock market lose over half its value, and the economy contract by 4% driven by particularly heavy losses in commercial real estate. But even then, the Fed said overall bank capital ratios only fell as low as 10.6%, more than twice the regulatory minimum.
Of the banks tested, HSBC's (HSBA.L) American operations saw its capital levels fall to the lowest level, dropping to 7.3%, while Deutsche Bank's (DBKGn.DE) U.S. operations saw the highest capital level of 23.2%.
https://www.reuters.com/business/banks-clear-fed-stress-test-paving-way-boost-buybacks-dividends-2021-06-24/
That Deutsche Bank has the 'highest' capital level of all of the tested banks should tell you a lot....complete and total bulshit
DB shoulda ceased to exist in 2008 but hey..that's just the law of large numbers werking dere.
Bankers Trust (wut an oxymoron) folded into DB in 1998 "bought" for $10B.
"Jerry" Powell was long gone from Bankers Trust when that "sale" habbened.
Huge shit pile of derivatives placed at DB then as BT was the 8th or 9th largest bank at that point.
Natgas Futures Hit 29-Month High Amid Heat Wave
Natural gas futures climbed higher Thursday on track for a 29-month high as warmer weather and a rise in exports continue to drive demand.
Front-month gas futures NGc1 rose 9.9 cents, or 2.97%, to $3.432 per million British thermal units (mmBtu) by late afternoon Thursday, its highest level since January 2019. The U.S. Energy Information Administration released its report on the state of the natgas inventories and said utilities added 55 billion cubic feet (bcf) of gas into storage last week. This is a much lower figure than the 66-bcf build analysts forecasted on Reuters polls. The primary reason for the low storage build among utilities is that power generators burned a tremendous amount of gas to keep Americans air conditioners on as a heat wave and megadrought transformed the western half of the U.S. into a furnace.
Last week, U.S. liquefied natural gas exports fell 9.9 billion cubic feet per day (bcfd) primarily due to short-term maintenance outages at Gulf Coast ports. However, exports have been soaring in the last couple of months, with averages of 10.8 bcfd in May and a record 11.5 bcfd in April. Data provider Refinitiv projected gas demand, including exports would increase from 88.2 bcfd this week to 93.1 bcfd next week
Turning to our note on Jan. 13, titled "Goldman Flips On NatGas, Warns Of Bullish "Perfect Storm,"" it seems as Goldman Sachs' Samantha Dart was right about "significant upside to NYMEX gas prices this summer" as prices hit 29-month highs.
https://www.zerohedge.com/commodities/natgas-futures-hit-29-month-high-amid-heat-wave
Panasonic unloads entire Tesla stake
Panasonic sold all its shareholdings in key battery customer Tesla last fiscal year, Nikkei learned Friday, in a move that likely earned the Japanese company billions of dollars to fund new strategic investments. Panasonic will continue to supply electric-vehicle batteries to the American automaker. "Our relationship with Tesla as a business partner will not change going forward," a Panasonic executive said.
All of the Tesla shares held by Panasonic were sold by the end of March. The gain likely accounts for much of the 429.9 billion yen ($3.88 billion) in "proceeds from sale and redemption of investments" in the company's consolidated statements of cash flows for that fiscal year, up about 380 billion yen from the year before. After signing its first supply contract with Tesla in 2009, Panasonic bought into the automaker in 2010, soon after its initial public offering on Nasdaq. The move gave Tesla valuable monetary support while marking a step forward for the expansion of Panasonic's auto battery business. The Japanese company bought roughly 1.4 million shares at $21.15 apiece. Its annual securities report for the year ended March 2020 put the market value of its stake at 81 billion yen, or $730 million. Tesla's price began skyrocketing in the spring of 2020, reaching $900 per share at one point -- nine times its value at the end of that March after accounting for such factors as a stock split. Selling around these highs would have netted Panasonic billions of dollars.
The sale helps meet Panasonic's growing appetite for capital. In addition to a $7.1 billion deal to buy U.S. supply chain software developer Blue Yonder, announced in April, the company continues to invest in growing its auto battery operations.
https://asia.nikkei.com/Business/Automobiles/Panasonic-unloads-entire-Tesla-stake
GORDO15 USAF E-4B Nightwatch departed Hanscom Field-Bedford, MASS after an overnight
Not a normal or usual destination for these big bois
Arrived as ROCKY25 from Lincoln Muni Airport, NE yesterday
Seen a few SAM flights in and outta Bedford, MASS last 2 weeks-mostly on short ground stops then back to JBA
Focus Financial Partners, Ltd sold by KKR & Co.: $356,28m-June 23
Focus Financial Partners Inc. is a wealth management firm that operates in the registered investment advisor industry. The Company is formed of partnerships between independent fiduciaries and entrepreneurs, and partner firms. The Company provides wealth management services that include financial planning, tax planning and preparation, estate planning, financial counseling, asset allocation, manager selection, security selection, and centralized asset management. The Company offers its services to high net worth individuals, families and business entities on a recurring fee-based model. Through the partner firms, the Company offers wealth management services across a diverse range of asset classes. It has over 50 partner firms. The Company also its partner firms with value-added services that include marketing and business development, operational and technology enhancements, legal and compliance support, talent management, and succession planning. Number of employees : 3 600 people.
https://www.marketscreener.com/quote/stock/FOCUS-FINANCIAL-PARTNERS-45049872/company/
KKR & Co. Inc. (formerly known as Kohlberg Kravis Roberts & Co. and KKR & Co. L.P.) is an American global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. The firm has completed more than 280 private equity investments in portfolio companies with approximately $545 billion of total enterprise value as of June 30, 2017. As of September 30, 2017, Assets Under Management ("AUM") and Fee Paying Assets Under Management ("FPAUM") were $153 billion and $114 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date. KKR has offices in 21 cities in 16 countries across five continents. The firm is currently headquartered in the Solow Building (9 W. 57th Street, New York, NY), but in October 2015, the firm announced its intention to occupy a newly constructed 30 Hudson Yards. In October 2009, KKR listed shares in the company through KKR & Co., an affiliate that holds 30% of the firm's ownership equity, with the remainder held by the firm's partners. In March 2010, KKR filed to list its shares on the New York Stock Exchange (NYSE), with trading commencing four months later, on July 15, 2010.
https://en.wikipedia.org/wiki/Kohlberg_Kravis_Roberts
David H. Petraeus-Partner, KKR and Chairman of the KKR Global Institute
General David H. Petraeus (US Army, Ret.) (New York) is a Partner and Chairman of the KKR Global Institute, which he established in May 2013. He is also a member of the boards of directors of Optiv and OneStream, a venture investor in some 20 startups, and engaged in a variety of academic endeavors. Prior to joining KKR, General Petraeus served over 37 years in the U.S. military, culminating his career with six consecutive commands, five of which were in combat, including command of the Surge in Iraq, command of U.S. Central Command, and command of coalition forces in Afghanistan.
Following retirement from the military and after Senate confirmation by a vote of 94-0, he served as Director of the CIA during a period of significant achievements in the global war on terror, the establishment of important Agency digital initiatives, and significant investments in the Agency’s most important asset, its human capital.
https://www.kkr.com/our-firm/leadership/david-h-petraeus
https://finviz.com/insidertrading.ashx?oc=1472698&tc=7&b=2
GORDO15 Nightwatch heading around that weather over Nebraska ,Kansas, Iowa..the front on the southern side goes from Topeka, KS to Davenport, IA
The weather almost gone at Lincoln where Fatboy is headed.
This AC was extensively upgraded and repainted in July 2018-cap #2 before new paint on a test flight.
Was also just recently used as TITAN25 for the NATO meetings by Secretary of Defense
On that weather.
Severe thunderstorm watch issued for Kansas City metro area through 3 a.m. Thursday
A cluster of heavy rain and thunderstorms is making its way into the Kansas City metro area from northeastern Kansas and northwestern Missouri. Some of these storms have the potential to produce damaging wind gusts, flash flooding, large hail, and we can't rule out a tornado or two. Storms are expected anytime now through the overnight hours, and the Kansas City metro area is under a severe thunderstorm watch until 3 a.m. Thursday.
https://www.kmbc.com/article/severe-thunderstorm-watch-issued-for-kansas-city-missouri-metro-area-through-3-am-thursday/36826738#
Nebraska farmer says recent rain might have saved his dryland corn
East Central Nebraska farmer Mitch Oswald says he’s been eagerly waiting for Mother Nature to bring relief to the drier-than-normal growing conditions. “We got anywhere from .80 to an inch on everything,” he says. “It’s our first rain since – oh gosh, I don’t know when – probably in over a month I bet.” The corn and soybean grower from Aurora tells Brownfield his crops were struggling until last night. “You can definitely tell the dryland areas we were probably three or four days away from dryland from being completely toast. So, this rain is going to save that for another couple of weeks.” Oswald says his biggest concern for the rest of the growing season is, “If we have a spell like we just did again with this heat, when you have guys pumping water like crazy it’s easy to get behind. I’ve got a couple of pivots, if I didn’t get this inch of rain, I probably was going to be running 7 days-a-week for the next couple of weeks to catch back up.”
Oswald says his fields missed pockets of severe weather that brough large hail and damaging winds near the Columbus area where many fields were totaled.
https://brownfieldagnews.com/news/nebraska-farmer-says-recent-rain-might-have-saved-his-dryland-corn/