Anonymous ID: 4f75b4 May 25, 2024, 6:38 p.m. No.20915791   🗄️.is 🔗kun   >>5982 >>6427

58-0125 KC-135 tanker trackin’ @ 27kft from RAF Mildenhall-just N. of Rzeszow Airport SE Poland

 

This is not a normal place to be set up for the tankers that frequent eastern/central Poland.

Certainly not at 3:40am local time as those are mainly to the north or over central or western Poland and not this early in the morning.

Some VIPs that are not visible are going to Rzeszow and then muh ‘secret trip to Kiev’

Anonymous ID: 4f75b4 May 25, 2024, 7:16 p.m. No.20915996   🗄️.is 🔗kun

Homeowners hit pause on remodels as costs get 'just ridiculous'

 

Americans are delaying their home renovation plans and opting for more affordable options amid high borrowing costs and a housing market recovery that has yet to materialize.

Two of the nation’s top home improvement retailers reported this month that consumers are spending less on big-ticket projects that often require loans and trading down for more affordable do-it-yourself remedies. Home Depot (HD), for instance, said big-ticket transactions of over $1,000 were down 6.5% compared to the first quarter last year.

“We continue to see softer engagement in larger discretionary projects where customers typically use financing to fund the projects such as kitchen and bath remodels,” William Bastek, Home Depot’s executive vice president of merchandising, told investors and analysts on the company's first quarter earnings call.

Lowe’s (LOW) said this week consumers are shifting away from buying multiple to single items, pressuring comparable sales, which fell 6.2% in the quarter as homeowners continue to delay larger discretionary projects.

This differs from the early days of the pandemic, where ultra-low interest rates drove housing sales and remodeling spending.But today rates have spiked, causing more homeowners to stay put in their homes.That means consumers are putting off making bigger investments in renovations to increase resale value of their homes.

And homeowners are cutting costs where they can. A quarterly survey from John Burns Research and Consulting published in late April found that among those who are renovating their homes, customers are looking for cheaper alternatives in categories like cabinets, flooring, lighting fixtures, and countertops.

“These downgrades are becoming more common with cost-conscious consumers,” Matt Saunders, senior vice president of building products research at John Burns, told Yahoo Finance.Total spending on home improvement and repairs is expected to drop by over 7% in the third quarter of this year to $451 billion, researchers from Harvard University’s Joint Center for Housing Studies’ latest Leading Indicator of Remodeling Activity showed. “Homeowners have been pinched by high costs,” Abbe Will, associate project director of the Remodeling Futures Program, which is part of Harvard's housing studies center, told Yahoo Finance this week. “Certainly, inflation is as high as it's been across the economy [and] more broadly it's been even more extreme in building materials, and costs of skilled labor.”

https://finance.yahoo.com/news/homeowners-hit-pause-on-remodels-as-costs-get-just-ridiculous-132147387.html

Anonymous ID: 4f75b4 May 25, 2024, 8:07 p.m. No.20916239   🗄️.is 🔗kun

Japan companies brace for forex bumps, assume 144 yen-dollar rate

 

(Good luck achieving that under the current low interest rate environment and that is not going to change any time soon)

 

Japan's listed companies are assuming an average exchange rate of 144 yen per dollar in their latest earnings forecasts, an appreciation of about 10 per dollar compared with prevailing rates, reflecting their concerns about volatile foreign exchange rates.

 

According to a Nikkei survey of around 380 companies that disclosed their foreign exchange rate assumptions as of May 15, half of the total, or 191 companies, set their rates 145 yen or above and below 150 yen to the dollar for fiscal year ending March 2025. Two big manufacturers, Toyota Motor and Mitsubishi Heavy Industries, put the dollar at 145 yen. Meanwhile, 122 companies, including Heavy machinery maker Komatsu and electronics company Mitsubishi Electric, chose a range of between 140 yen and just below 145 yen. Industrial robot builder Fanuc was among 16 companies that assumed a rate above 135 yen but below 140 yen, while two companies predicted a rate between 130 yen to less than 135 yen. Closer to the current rate, 48 companies set their assumptions between 150 yen and just below 155 yen, with another five expecting a range from 155 to under 160 yen. Since April, the yen has plummeted due to diminishing prospects for U.S. interest rate cuts. On April 29, the Japanese currency briefly touched a 34-year low against the dollar in the 160 yen range. Subsequent large-scale yen purchases, likely orchestrated by the Japanese government and the Bank of Japan, coupled with disappointing U.S. economic data temporarily pushed the yen up to the 151 yen range.

Companies are navigating these turbulent waters as they forecast exchange rates for the fiscal year ending March 2025. "While yen depreciation can boost earnings, basing business plans on extreme rates like 155 yen is imprudent," said Sumitomo Chemical President Keiichi Iwata, explaining the company's assumption of 145 yen.

Kyocera President Hideo Tanimoto echoed this cautious stance, saying, "Honestly, we don't know what will happen with the exchange rate," adding that the company set its assumption at 145 yen per dollar, maintaining the same level as the fiscal year ended March. Mitsui President and CEO Kenichi Hori expressed concern over erratic exchange rate movements, saying, "A stable exchange rate environment is more manageable." Mitsui's assumption for this fiscal year is based on the rate it used to compile its business plan, which was set at 145 yen. Hitachi Construction Machinery set its rate at 141 yen, a rise in the yen compared with the midyear average for the fiscal year ending March 2024. Chief Financial Officer Keiichiro Shiojima explained that the decision was based on "a broad survey of financial institutions in mid-March," many of which anticipated easier U.S. monetary policy and a consequent rise in the yen. Export-dependent companies do well from a cheaper yen, which fattens their bottom lines by adding to profits from exports, and through foreign exchange gains when dollar earnings are converted back into yen.

https://asia.nikkei.com/Business/Markets/Currencies/Japan-companies-brace-for-forex-bumps-assume-144-yen-dollar-rate

https://tradingeconomics.com/japan/currency