tyb
PlaneFag Europe/Med/Africa activity
HUNTR01 TC-135 Stratolifter NW about to enter North Sea heading WN after departing from Souda Bay Crete
French AF CTM2022 A400m EN from Marseille depart
Dutch AF MMF35 A330 departed west after a stop at Rzsesow Airport, Poland for about 2h-dropping off moar weapons and 'aid' and arrived from the German Luftwaffe home base in Koln/Bonn >>18785199
REDEYE6 E-8C Joint STARS on the ISR track over central and eastern Poland-HOBO11 KC0-135 was there for a fill-up earlier and heading west
JAKE11 RC-135 Rivet Joint also tracking on the Romania/Moldova border and haz Italian AF PERSE71 G550 CAEW (Conformal Airboune Early Warning) out of Constanta AB where German AF GAF301 C-130 Hercules departed WN from as well
Brazil AF BRS03 Embraer 190 heading to London after a fuel stop at Cabo Verde Islands -Sal Airport and is an advanced AC for President Lula-the 'list' sez he is going
Africa
Belgian AF BAF86 Falcon7x heading north and just crossing northern African coast at Constantine, Algeria @ 43k ft last heading south from Brussels Int'l in about same position on 0429
Czech AF 3085 A-319 departed Accra, Ghana after arriving on 0430Deputy Prime Minister VĂt Rakušan
Yesterday the Deputy Prime Minister @Vit_Rakusan of the 🇨🇿 Czech Republic paid homage to the vicitims of Transatlantic slave trade in Cape Coast Castle
https://twitter.com/CZinAccra/status/1653320417791156224
PF house keeping
>>18782425 pb
BOXER40 C-40C arrived in Amman after stopping in Shannon, Ireland for a refuel and part of this group
Speaker McCarthy Delegation Arrives in Jordan
Speaker McCarthy is joined by: Rep. Garret Graves (LA-06), Rep. Bruce Westerman (AR-04), Rep. Steny Hoyer (MD-05), Rep. Josh Gottheimer (NJ-05), Rep. Jimmy Panetta (CA-19), Rep. Andrew Garbarino (NY-02), Rep. Julia Letlow (LA-05), Rep. Anthony D’Esposito (NY-04), Rep. Erin Houchin (IN-09), Rep. Thomas Kean, Jr. (NJ-07), Rep. Nick LaLota (NY-01, Rep. Greg Landsman (OH-01), Rep. Michael Lawler (NY-17), Rep. Rob Menendez (NJ-08), Rep. Max Miller (OH-07), Rep. Jared Moskowitz (FL-23)
https://www.speaker.gov/speaker-mccarthy-delegation-arrives-in-jordan/
Dow drops 500 points as bank shares slide (after being pumped yesterday), Fed decision looms: Live updates
Stocks fell sharply Tuesday, led lower by declines in bank shares, as traders braced for the latest Federal Reserve policy announcement.
The Dow Jones Industrial Average
fell 512 points, or 1.5%. The S&P 500 also slid 1.5%, and the Nasdaq Composite
dropped 1.1%.
Small and large banks fell, as traders questioned the future of some regional financial institutions after the crisis that engulfed Wall Street in March. Regional banks PacWest and Western Alliance had trading paused after tumbling more than 20%.
Meanwhile, JPMorgan Chase’s shares shed 1%, giving back some of its gains from the previous session. A day earlier, JPMorgan shares rose after the takeover of embattled regional First Republic Bank. Other large banks including Goldman Sachs, Bank of America and Citigroup also dropped more more than 2.5%.
The Fed’s two-day policy meeting, which kicked off Tuesday, is expected to conclude with the central bank announcing another 25 basis-point rate hike. Per the CME Group’s FedWatch tool, traders are pricing in 97% chance of a rate hike. Investors will be looking for clues on whether the Fed will keep rates steady after this meeting, or if it will further tighten monetary policy to fight inflation.
“We think it will be the last rate hike of this tightening cycle,” wrote Joe Kalish, chief global macro strategist at Ned Davis Research. “The Fed, however, will want to preserve its optionality — just in case the economic data doesn’t come in as expected before the next FOMC meeting on June 13-14.”
Weighing on sentiment Tuesday was word from Treasury that the country may hit the debt ceiling sooner than expected. Treasury Secretary Janet Yellen warned that the U.S. may run out of measures to pay its debts as early as June 1, earlier than the late July deadline Goldman was estimating.
Elsewhere, fresh numbers from the Job Openings and Labor Turnover Survey for March showed signs of a loosening job market. Employment openings hit their lowest levels since April 2021. Orders for manufactured goods in March grew 0.9%, falling below expectations of a 1.3% increase.
https://www.cnbc.com/2023/05/01/stock-market-today-live-updates.html
RBA hiked rates 'unexpectedly' as well cap#5
Australia Shocks With Surprise 25bps Rate Hike After April Pause; Aussie, Yields Soar
https://www.zerohedge.com/markets/australia-shocks-surprise-25bps-rate-hike-after-april-pause-aussie-yields-soar
Crude (WTI) down over 4% and PMs got a nice bump up
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
Although they will still do 25bp the chances of no rate cut went up slightly to 16.7% for none and dropped to 83.3% for 25bp
Jerry and FOMC still have to make it look like they are in control
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Morgan Stanley plans to cut 3K jobs
Morgan Stanley cut 2% of its staff in December. Morgan Stanley is reportedly planning to cut 3,000 jobs during the second quarter, marking its second round of layoffs in the past six months. The bank cited slow deal making amid the tough economic environment as the reason for the second round of cuts, Reuters reported, citing a source familiar with the matter. Morgan Stanley did not return FOX Business' request for comment at the time of publication. Morgan Stanley's investment banking revenue in its first quarter dropped 24% from the same period a year ago to $1.25 billion. Investment banking revenue fell 26% at Goldman Sachs and 19% at JPMorgan Chase during the quarter.
In 2022, investment banking revenue plunged amid a slowdown in mergers and share offerings, marking a stark reversal from a blockbuster 2021 when bankers received big pay bumps. Morgan Stanley CEO James Gorman told investors last month on an earnings call that "given the broader market uncertainty and the inflationary environment, expense management remains a priority." The firm announced in December that it was cutting 2% of its staff. That same month, Goldman announced it was planning to slash up to 8% of its workforce after laying off 500 workers in September. Goldman's head of personal finance management, Joe Duran, discussed the layoff of 3,200 employees, telling "Varney & Co." that everything the Wall Street firm does is about what's best for clients and employees.
https://www.foxbusiness.com/lifestyle/morgan-stanley-plans-cut-3k-jobs-reuters
https://finance.yahoo.com/quote/MS
N747AF 757 moved from Aberdeen Int'l to Prestwick Int'l (Glasgow's Int'l Airport) about 5h ago
PlaneFag CONUS activity- SAM910 WS from JBA, Belgian AF BAF84 Falcon 7X inbound from Brussels departure earlier today
Belgian AF BAF664 and666A400ms left Halifax after an overnight across the Atlantic-arrived from Gulfport, MS yesterday
FORGE63 US Army G5 departed JBA SW
WING17560 Citation UC-35A WS from McGuire AFB, N.J.
REMUS03 C-17 WS from Dover AFB heading somewhere in W.VA (prolly Charlottesville)
Canada AF CFC3701 CL-60 crossing the Atlantic-prolly for chucky BS later this week (dunno who on it and don't care)
SCORE82 US Navy P-8 Poseidon dropping altitude SE of Houston over the Gulf of Mexico-they are from Pax River-not NAS Jax
RAF RRR2213 A330 MRTT NE from Ft. Hood onight
Mexi AF Super King Air B350i SE from Santa Lucia AB
Housekeeping
SPAR856 Learjet 35 returned to Scott AFB, IL from a stop at Nellis yesterday while SPAR857 went to Vandenberg SFB with SAM747 having departed Phoemix Sky Harbor last night and went to Burbank/Hollywood Airport (SoCal-San Fernando Valley)
FIXER05 did finally make it to Pt. Mugu so this is a Hawkeye or Greyhound (sometime ADS-B has the wrong icon at times-it shows the BACN AC as a larger 737 instead of a Global Explorer
SHADY33 MC-12W Liberty arrived back at Savannah from it's Gulfport, MS depart last yesterday and left Ft. Stewart earlier in the day
SAM718 G5 still at Peterson AFB from it's MacDill AFB deaprt yesterday
>killed in Abbottabad, Pakistan, on 2 May 2011
Tim Osman died in 2002/3 of renal failure-mebby even before