Tyb
Chinese AF CCA005 747 arrived at Budapest from Belgrade, Serbia depart about 1h ago
China's Xi Jinping Arrives In Hungary: Chinese State TV
China's President Xi Jinping arrived in Hungary on Wednesday evening, Chinese state media said, in the last leg of his European tour after visiting France and Serbia earlier this week.
Chinese state broadcaster CCTV said Xi "arrived in Budapest by special plane and began his state visit to Hungary, at the invitation of Hungarian President Tamas Sulyok and Prime Minister Viktor Orban." Xi is expected to attend a state banquet with Orban later on Wednesday
https://www.barrons.com/news/china-s-xi-jinping-arrives-in-hungary-chinese-state-tv-07d05057
>>20838453 lb
Those Globeys all went to Moffett Federal Airfield which Google has a 60y lease on 400 acres.
Brin and Page use it as personal airport
They all do
AE6888 US Navy P8 Poseidon getting a refuel from a KC-135 over northern Poland after arriving from Baltic Sea patrol
>>20837597 pb
Potato in 92-9000 747 landed at Chicago-O’hare Intl about 15m ago
Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts
(Starwood Capital is heavily invested in Real Estate so of course this douche nozzle has been crying about rates since they began raising them as about 20% of all outstanding loans will need to be refinanced this year-just under $1t-and Starwood already shedding assets at a loss-see below-Starwood manages $115b so he’s been ringing the alarm on rates and he’s not wrong just totally disingenuous because he NEEDS lower rates so hence the bitching)
Regional banks and cities are reeling from wobbling commercial real estate, says Starwood Property Trust's CEO ‘This economy is not your grandmother's economy.' Barry Sternlicht, chairman and CEO of Starwood Property Trust. That's real-estate mogul Barry Sternlicht, chairman and chief executive of Starwood Property Trust, saying that the Federal Reserve doesn't have the right "tool kit" to sufficiently tame inflation through higher interest rates in this economy. “He has to be super careful because his tools - his tool kit is flawed," Sternlicht said Wednesday during Starwood's (STWD) first-quarter earnings call, while urging Fed Chair Jerome Powell to cut rates before November's election. “The economy is not doing what we expected it to do, which is cave," he said. "And it's very simple, and why Americans have jobs, their balance sheets are fixed. They have fixed-rate mortgages. They've got $235 billion of interest income from their cash that's sitting in money-market accounts earning 5%." Cracks, however, have begun to appear in consumer credit following the Fed's most aggressive rate hikes since the 1980s. But Sternlicht views the "biggest victim" of higher rates as being the federal government, which has seen its interest expenses roughly double since 2020 to $1 trillion. Regional banks have been the victim of other "collateral damage," with rate hikes "throwing into disarray the valuations of commercial assets all over the country, and I'd say all over the globe," Sternlicht said. Spillover isn't "just an academic thing," he said. "Because the cities and municipalities depend on the real-estate taxes from these commercial assets to run their schools and police and waste management and all the other services they provide their communities." On a brighter note, Sternlicht touted tech innovation, pointing to new announcements by Meta Platforms Inc., (META) and Microsoft Corp. (MSFT) around the construction of data centers, an area that Starwood has been "quite active."
https://www.morningstar.com/news/marketwatch/20240508501/barry-sternlicht-says-the-feds-tool-kit-is-flawed-for-this-economy-urges-fed-rate-cuts
From April 24th
Starwood sells four office buildings in Miramar at a loss for $45M
Starwood Capital Group sold an office portfolio in Miramar for $45 million, marking a 45 percent discount off its purchase price nine years ago. YMP Real Estate Management bought the pair of Miramar Centre I and III buildings at 3401 and 3601 Southwest 160th Avenue, as well as the pair of Huntington Centre I and II buildings at 2901 and 2801 Southwest 149th Avenue, according to the buyer’s news release. The purchase of the 373,200-square-foot portfolio breaks down to $120 per square foot.
https://therealdeal.com/miami/2024/04/24/starwood-capital-sells-miramar-offices-to-ymp-real-estate/
Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’
https://www.msn.com/en-us/money/realestate/billionaire-real-estate-investor-barry-sternlicht-says-he-expects-at-least-one-bank-failure-per-week-due-to-real-estate-loans-that-s-a-fragile-animal-right-now/ar-BB1m3wkw
>>20838453 lb, >>20838782
RCH4136/DEED149/KECK218 C17 Globeys done dropping Potato equipment at Moffett for tomorrow’s visit and E
>>20837937 lb
AF2 Kneepads back at JBA from muh abortion in Philadelphia
HATE43E6B Mercury finishing its western states sweep and back to Travis AFB