morning w
dub dubs
Anutha tough day for Not AF1 Joe
9:30am EST Not AF1 Joe receives the President’s Daily Brief
10:00am EST Not AF1 Joe and Kneepads meet with their national security team to hear intelligence, security, and diplomatic updates on the evolving situation in Afghanistan
12:00pm EST In-Town Pool Call Time
https://factba.se/biden/calendar
Th-th-thats all folks...he done for tha day at noon
Royal Australian AF BONDI30 C-17 Globemaster east from Al Minhad AB Dubai
Belgian AF BAF656 657 C-130 Hercules also east behind BONDI-high level Belgian AF Falcon 7X came outta Pakiland yesterday so these must be the clean-up crew >>84301 pb
MOJO89 USAF DC-10 extender up from Al Dhafra AB
57-1438 USAF KC-135 tanker eastfrom Al-Udeid AB
Chinese regulators summon Evergrande execs, warn on debt risks
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Evergrande execs issued rare summons by PBOC, CBIRC
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Evergrande to actively diffuse debt risk - regulators
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Meeting shows Evergrande is a systemic risk - economist
China’s central bank said it summoned executives of the country’s most indebted property developer, China Evergrande Group, to talks on Thursday and issued a rare warning that the company needs to reduce its debt risks and prioritise stability.
The unusual summons comes amid fragile confidence in China’s credit markets and concern that any financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders. It also comes days after President Xi Jinping highlighted efforts to forestall major financial risks and as a flurry of regulatory crackdowns roil China’s equity markets. Evergrande had no immediate response, although it has been pursing asset sales, with Reuters reporting here on Thursday of efforts to offload part of its electric vehicle business. “The meeting shows Evergrande poses systemic risks. Its massive debt threatens financial stability,” said Rocky Fan, economist at Sealand Securities. “On the other hand, it shows Evergrande has the means to solve its problem, and regulators are pressing it to do more,” he added.
The move did not appear to flag a bailout of the kind announced hours earlier by another troubled borrower, China Huarong Asset Management Co Ltd. Evergrande must “actively diffuse debt risk and maintain real estate and financial markets stability,” said the People’s Bank of China and China’s banking regulator, the China Banking and Insurance Regulatory Commission, in a joint statement. “Evergrande, as a top real estate company, must earnestly implement strategic arrangements made by the central government to ensure the stable and healthy development of the real estate market, and strive to keep operations stable,” they said. Evergrande has more than 240 billion yuan ($37 billion) of bills and trade payables from contractors to settle over the next 12 months, according to ratings agency S&P Global.
Concern over the developer’s financial health intensified in June when it failed to pay some commercial paper on time.
Its bonds carry junk ratings from S&P, Moody’s and Fitch, all of whom recently issued downgrades, and its troubles have sent jitters through China’s entire junk-debt market at a time when corporate credit is rallying in the rest of the world.
The regulators’ statement said senior Evergrande executives were summoned for talks and urged the company to abide by disclosure rules and clarify market rumours promptly. Such summons’ are unusual, though were recently issued to Ant Financial both before and after its ultimately scuppered stock market listing in November. At least one bond investor said the move could mean Evergrande is on the verge of a default that would reverberate through the banking system. “This is what worries regulators the most,” said the fund manager, who declined to be named as he is not authorised to speak to the media.
The regulators’ statement was published after market hours. Evergrande stocks and bonds have been heavily sold for months amid fears it may not be able to meet repayments, with its share price hitting an almost five-year low in Hong Kong on Thursday.
https://www.reuters.com/article/china-evergrande/update-2-chinese-regulators-summon-evergrande-execs-warn-on-debt-risks-idUSL1N2PQ0QE
SAM956 USAF C-40B departed Cyprus sw after an overnight
so far.
Police investigate report of explosives in truck near Library of Congress, AP sources say
Police were investigating a report Thursday of a possible explosive device in a pickup truck outside the Library of Congress on Capitol Hill and have evacuated the area around the building, two law enforcement officials told The Associated Press.
U.S. Capitol Police said officers were “responding to a suspicious vehicle near the Library of Congress.” The building is near the Capitol and the Supreme Court. Police have also evacuated the Cannon House Office Building. Congress is on break this week.
The law enforcement officials said investigators were at the scene and working to determine whether the device was an operable explosive. The officials were not authorized to publicly discuss the matter and spoke on condition of anonymity.
It comes months after a pipe bomb was left at the headquarters of the Democratic National Committee and the Republican National Committee in Washington a day before thousands of pro-Trump rioters stormed the U.S. Capitol in January.
https://www.wvlt.tv/2021/08/19/police-investigate-report-explosives-truck-near-library-congress-ap-sources-say/
good morning B
RAF NAG34XT C-17 Globemaster back to Al Minhad AB-Dubai after coming outta Pakiland
C202 US Coast Guard G5 departed Miami Int'l after a ground stop-back to Reagan National Airport
BofA Italy Gets Record Patents as Lender Focuses on Machine Learning
Inventors at Bank of America Corp. kept originating ideas, leading to a record-setting first half of the year, even while continuing to work from home.
The U.S. Patent and Trademark Office granted the lender 227 patents in the first six months of 2021, up 23% from a year earlier, Bank of America said in a statement Thursday. The Charlotte, North Carolina-based company set its previous patent record in the first half of last year, when it was granted 184 amid the early days of the coronavirus pandemic.
“We’re in a period of unprecedented change, and as any great company knows, delivering for customers and clients requires a strong focus on innovation,” Cathy Bessant, the company’s chief operations and technology officer, said in the statement. “The culture we’ve created at Bank of America is immensely creative and forward-looking.” Bessant leads a technology team at Bank of America with a $14 billion budget. The company spends $10 billion of that on technology each year, $3 billion of which is set aside for new innovations, according to a spokesperson for the bank. For 2021, Chief Executive Officer Brian Moynihan increased the new-initiative budget to $3.4 billion.
About 40% the patents granted to Bank of America in the first half of the year relate to artificial intelligence or machine learning. The firm also pursued new technology related to blockchain, payment technology and data mining and analytics. The bank said it applied for a total of 722 patents last year, despite 85% of employees working from home during the pandemic, and was granted a record 444. One of Bank of America’s inventors, Manu Kurian, has filed more than 360 patents since 2014. A senior vice president in the firm’s global banking technology division, Kurian ranks among the top 300 patent holders in the world, with more than 220 granted to date. During the pandemic, “the team was able to grow the interaction with our clients to become more digital, while maintaining the high-touch experience,” Kurian said in an interview. He develops patents related to data and optimization, connecting clients across key segments of the bank. “We always had continuous improvement, but there has been more integration.”
The bank has received or applied for a total of 4,943 patents, stemming from the work of almost 6,000 inventors in 42 U.S. states and 13 countries. Its patents are often cited by other inventors, Bank of America said, with more than 2,800 patents and applications from a range of industries, including technology, citing the lender’s patents so far this year.
https://www.bnnbloomberg.ca/bofa-gets-record-patents-as-lender-focuses-on-machine-learning-1.1641900
SPAR91 USAF G5 inbound to JBA from NATO headquarters-Chievres AB Belgium
kek
>>84246 pb
SAM106 USAF G5 departed JB Elmendorf after an overnight es
>>84230 pb SEC Sues Ex-Netflix Software Engineers for Insider Trading
File this in only in our manipulated,comp'd markets does this habben.
Netflix stock shoots up toward biggest gain in 7 months
Shares of Netflix Inc. NFLX, 3.88% shot up 3.8% in afternoon trading Thursday, to break out of recent trading range, to put them on track for the biggest one-day gain in seven months. The streaming video company's stock was by far the biggest gainer among the components of the SPDR Communication Services Select Sector ETF XLC, -0.11%, which edged up 0.2%, and was the fifth-best performer in the S&P 500 SPX, -0.07%. The stock's breakout rally, which is the biggest since it soared 16.9% to its record close on Jan. 20 after fourth-quarter 2020 results, comes a day after the U.S. Securities and Exchange Commission charged three former Netflix engineers with insider trading of Netflix securities. Prior to Thursday's jump, the stock had seesawed around the 50-day and 200-day moving averages, with both widely watched averages flatlining in a narrow range between $510 and $520 over the past month. On Aug. 16, the 50-DMA crossed back above the 200-DMA, to wipe out the bearish "death cross" pattern that had appeared on June 3. In addition, the 50-DMA rose to $519.79 on Thursday, the highest reading since May 11. Netflix's stock has edged up 0.2% year to date, whilet the communications services ETF has rallied 10.1% and the S&P 500 SPX, -0.07% has advanced 17.1%.
https://www.marketwatch.com/story/netflix-stock-shoots-up-toward-biggest-gain-in-7-months-2021-08-19
chek't