>>18922177 pb
Elon Musk N628TS G650 landed at Shanghai Int'l a little over 1h ago after a Beijing depart (he got his meeting just not with Xi Xinping-met with Foreign Minister) there is nothing on his twatter acct. about it and last post was on May 29th
‘Conjoined Twins’: Beijing Claims Elon Musk Backs Continued U.S.-China Codependence
https://www.nationalreview.com/news/conjoined-twins-beijing-claims-elon-musk-backs-continued-u-s-china-codependence/
Jamie Dimon also in China-N662CH G6 departed Shanghai Int'l heading west about 30minutes ago
JPMorgan's Dimon says US, China need 'real engagement'
JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon on Wednesday warned "uncertainty" caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need "real engagement" on security and trade issues. Dimon is on his first visit to China since the beginning of the COVID-19 pandemic and his first since he joked in 2021 that JPMorgan will outlast China's Communist Party, sparking outrage in China and prompting him to express regret.
https://www.reuters.com/business/finance/jpmorgans-dimon-says-us-china-need-have-real-engagement-2023-05-31/
>>18921088 pb
TITAN25 E-4B NightwatchSec. of Defense Lloyd Austinarrived at Yokota AB after a stop at Iwakuni MCAS
C102 US Coast Guard G5 departed Hanoi and headed SE (that was about 10h ago)
SPAR65 Indo-Pac AC departed Hickam AFB, Oahu west
>>18917450 pb
FDIC Quarterly Banking Profile (1st Quarter 2023)
$515.5B of unreported losses on Hold to Maturity (i.e. Treasuries) so it went down about 16% from last report and "Community Banks continue to report assets held longer than 3 years as 53.9 % of total assets.
Cap#2 is the ETF KRE (regional banking ETF..down 3.87%
https://finance.yahoo.com/quote/KRE
FDIC Chairman Martin Gruenberg will announce bank and thrift industry earnings for the first quarter 2023. The Quarterly Banking Profile (QBP) provides comprehensive data on bank and thrift earnings, balance sheet results and performance ratios.
https://www.youtube.com/watch?v=0O0MfpH3dps
FDIC Quarterly Banking Profile (1st Quarter 2023)
>https://www.youtube.com/watch?v=0O0MfpH3dps
PlaneFag Europe activity
Swiss AF SUI008 Falcon 900 departed Chisinau, Moldova and heading to Bucharest with SAM018 C-32A heading to Amman, Jordan'''
from yesterday and Moldova was put 'on the radar' for the next NATO membership just before the NATO summit last year in Madrid-plenty of 'visits by Germans, French, Belgian and Canadian AF ACs to Chisinau just after that announcement last year
European leaders head to Moldova for symbolic summit on Ukraine's doorstep
https://www.reuters.com/world/europe/european-leaders-head-moldova-symbolic-summit-ukraines-doorstep-2023-05-30/
Goldman Sachs Prepares For Third Round Of Layoffs As M&A Activity Slumps
As macroeconomic headwinds mount, merger and acquisition trends are pressured downward. The Federal Reserve's ongoing policy of interest rate hikes to combat the highest inflation seen in decades has created less-than-optimal conditions for dealmaking. Consequently, such a challenging environment will result in Goldman Sachs Group carrying out its third round of job cuts in less than a year.
Sources familiar with the upcoming layoffs told The Wall Street Journal that a wide range of employees, including managing directors and other senior executives, will be let go. The person said about 250 employees would be slashed but wasn't sure when the announcement would be made.
If announced, this would be Goldman's third round of job cuts in less than a year. In September, the investment bank cut hundreds of jobs, followed by a massive 3,200 layoff, or about 6% of all employees, in January. At the end of the first quarter, Goldman had a total workforce of about 45,400. The bank has been reducing its headcount since peaking at 49,000 in the third quarter of 2022. "The new cuts are largely the result of a dealmaking environment that remains in the doldrums," WSJ noted.
Besides Goldman, Morgan Stanley and Lazard have recently announced headcount reductions due to a continued decline in dealmaking activity this year.
https://www.zerohedge.com/markets/goldman-sachs-prepares-third-round-layoffs-ma-activity-slumps
OTC Derivative positions Q4 2022-Goldman Sachs takes the 'top' spot from JP Moran
https://8kun.top/qresearch/res/18638705.html#q18639077
please add this >>18929638 (the actual information from the link) to this >>18929664
thank you
BLS: Job Openings Increased to 10.1 million in April
The number of job openings edged up to 10.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires changed little at 6.1 million. Total separations decreased to 5.7 million. Within separations, quits (3.8 million) changed little, while layoffs and discharges (1.6 million) decreased. Cap#1 shows job openings (black line), hires (dark blue), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS. This series started in December 2000.
Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. This report is for April the employment report this Friday will be for May. Note that hires (dark blue) and total separations (red and light blue columns stacked) are usually pretty close each month. This is a measure of labor market turnover. When the blue line is above the two stacked columns, the economy is adding net jobs - when it is below the columns, the economy is losing jobs.
The spike in layoffs and discharges in March 2020 is labeled, but off the chart to better show the usual data. Jobs openings increased in April to 10.1 million from 9.7 million in March.
The number of job openings (black) were down 14% year-over-year. Quits were down 16% year-over-year. These are voluntary separations. (See light blue columns at bottom of graph for trend for "quits").
https://www.calculatedriskblog.com/2023/05/bls-job-openings-increased-to-101.html
Commercial Bank Interest Rate on Credit Card Plans, All Accounts
Feb 2023: 20.09%
https://fred.stlouisfed.org/series/TERMCBCCALLNS
>>18917450 pb
Mortgage demand plummets as interest rates soar near 7-month high
A key measure of home-purchase applications tumbled last week as consumer demand cooled in the face of higher mortgage rates. The Mortgage Bankers Association’s index of mortgage applications fell 4.6% last week to the lowest level since February, according to new data published Wednesday.
"Mortgage applications declined almost five percent last week as borrowers remained sensitive to higher rates," said Joel Kan, MBA’s deputy chief economist. "Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications." Demand for refinancing also continued to plunge last week, sliding another 5%, according to the survey. Compared with the same time last year, refinance applications are down more than 40%. The interest rate-sensitive housing market has cooled rapidly in the wake of the Federal Reserve's aggressive tightening campaign.
Policymakers already lifted the benchmark federal funds rate 10 consecutive times and have opened the door to another increase at their June meeting following a slew of stronger-than-expected economic data. For months, higher mortgage rates have dampened consumer demand and brought down home prices. As rates have slowly fallen from a peak of 7%, the housing market has shown early signs of stirring back to life. However, the return to lower mortgage rates has not been smooth. In fact, rates moved significantly higher to start the week, according to a separate MBA survey, with rates surging to 6.91%. The spike came before the White House and Republicans struck a deal to lift the federal debt ceiling and avert a first-ever default. Congress still needs to pass the legislation, which has faced pushback from both sides of the aisle. Limited inventory has also bolstered demand and prices this month.
A recent report from Realtor.com showed that the number of available homes on the market in March is down more than 50% from the typical amount before the pandemic began.
https://www.foxbusiness.com/economy/mortgage-demand-plummets-interest-rates-soar-seven-month-high
https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed
4ee9b3 (6)
>Do you want to take this up with BO?
No
go right ahead