TyB
Ok fer nao
Appt later for ‘up’
That gonna be fun /s
Dealin’
At least warm but pretty chilly at night so e’thing food wise shut down
Have good day
>> 19842532 lb
Potato in 92-9000 on ground Minneapolis/St Paul Intl for photo op and muh fundraiser
Biden's Minnesota trip serves as a show of political force against primary challenger Dean Phillips
Joe Biden is headed to Minnesota to visit a family-run farm south of Minneapolis and hold a fundraiser featuring many of the state’s top Democrats
https://abcnews.go.com/Politics/wireStory/bidens-minnesota-trip-serves-show-political-force-primary-104532974
SAM239 G5 W from JBA to Offutt AFB
SAM267 G5 SW from JBA
BOXER08 south from JBA to Richmond,VA for some roundies and done there back to JBA
GTMO001 to NAS JAX and on ascent outta dhere
A 10 BRRRRTTTT east from Kansas City Intl
Eastern Med. and Yerp
IAF IRON G550 Oron ISR AC out from Nevatim AB
Libyan AF 5ALBY Embraer 135 WS from Istanbul
P-8 Poseidon done in western Black Sea just east of Constanta and heading back to Sigonella AB, Sicily
French AF CTM1071 A330 MRTT leaving Rzsesow Airport Poland after ground stop….. moar ‘toys for complaining little bois’ delivered….this AC performs a dual role as a tanker and transport-cargo mostly but can be reconfigured for seats
Russian AF RA82013 An-124 from Kaliningrad the long way around
Japan Eyeing 17 T. Yen for Economic Package
(Kishida polling at lowest and just took part in a 3 day nuclear accident drill over last weekend-so look for an ‘accident’ to occur to boost those #s and the ubiquitous buying of votes with this now)
Japan's government and ruling coalition are in talks to set the size of the planned economic package at around 17 trillion yen, government sources said Wednesday. The package, to be adopted by the cabinet Thursday, will include individual income and residential tax cuts costing the government 3.5 trillion yen, which Prime Minister Fumio Kishida has promised to implement in June 2024 to cushion the impact of rising prices. With wage growth not keeping pace with price increases in Japan, the government and ruling bloc aim to support the economy by offering the fixed-amount tax cuts as well as benefits under the package to ease the burdens of households. They plan to earmark 13.1 trillion yen in general account spending under a fiscal 2023 supplementary budget for financing the economic package, excluding the tax cuts and some other measures.The package will include measures to tackle soaring gasoline prices,(with imports of energy down 16% at last report)extend steps to curb electricity and gas bills, promote domestic investment in cutting-edge semiconductors and establish a strategic fund for the space sector.
https://jen.jiji.com/jc/eng?g=eco&k=2023110100605
Manufacturing Surveys Scream Stagflation: Inflation Accelerated, Demand Muted, Jobs Cut For First Time Since COVID
After the ‘unexpected’ rise in September, expectations were for October's Manufacturing surveys to hold their gains around 49-50 level - despite the recent collapse in 'hard' macro data.
Sure enough, S&P Global's US Manufacturing PMI printed 50.0 final for October (in line with the flash print and expectations and up slightly from September's 49.8).But, ISM's Manufacturing survey printed well below expectations (46.7 vs 49.0 exp)
The PMI survey highlighted that demand conditions were historically muted overall, with firms downwardly adjusting their output expectations for the year ahead and cutting employment for the first time since July 2020.
ISM warns that "the October reading (46.7 percent) corresponds to a change of minus -0.7 percent in real gross domestic product (GDP) on an annualized basis."
(And why the recently released GDP #s area pure fantasyland)
New orders and employment fell (second weakest since COVID lockdowns) as prices rose…
However, it was not all good news at all - backlogs down, jobs down, output expectations down, inflation up:
"Of concern were reports of dwindling backlogs of work, previously used to help support production, as firms also revised down their expectations for future output to the lowest in 2023 so far."
"At the same time, manufacturers cut employment for the first time in over three years as workloads were reportedly insufficient to warrant additional hiring or the replacement of voluntary leavers. "
"On the price front, manufacturers saw sharper increases in costs and output charges, as inflation regained some momentum in the sector. Higher oil and oil-derived input prices again spurred hikes, as rates of inflation accelerated for the third month running."
Finally, we note that, with a 6-month lag or so, US Manufacturing surveys have been following the path of financial conditions. Six months after financial conditions began to ease late last year, US Manufacturing surveys started to pick up. but as the chart shows,the recent aggressive tightening of financial conditions suggest the sentiment surveys are about to run out of their upside steam.
Will that slower growth be accompanied by slowing inflation? For now, inflation expectations are on the rise once again.
https://www.zerohedge.com/markets/manufacturing-surveys-scream-stagflation-inflation-accelerated-demand-muted-jobs-cut-first
Ho hum….so be predictable
Federal Reserve keeps rate at 5.25%-5.50%, to assess further firming
As widely expected, the Federal Reserve kept its policy rate at 5.25%-5.50% for the second straight meeting and the third time this year. Its last rate hike was in July, which brought the rate to a 22-year high, as the central bank strives to bring inflation to 2%.
While there’s growing sentiment that the Federal Open Market Committee has ended, or should end, its rate-hiking campaign, the Federal Open Market Committee kept its options open for future rate hike if the U.S. economy doesn't calm down as expected.
https://www.msn.com/en-us/money/markets/federal-reserve-keeps-rate-at-525-550-to-assess-further-firming/ar-AA1jefMd
And stays same for December as predicted months ago
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html