tyb
RCH362 C-17A and Fren with a hoser CFC3880 CC-130J Hercules leading, heading across the pond
heavy equipment for POTUS and some squeaky toys in the 130 at front for Trudope
>https://www.msn.com/en-us/news/world/three-rockets-hit-near-us-embassy-in-baghdad-security-sources/ar-BBZ9MO0
Three rockets hit near the US embassy in the Iraqi capital's high-security Green Zone, security sources told AFP, with no immediate reports of casualties.
Sirens could be heard across the zone immediately after the rockets made impact.
The US has blamed Iran-backed paramilitary groups for a spate of similar attacks in recent months on the Green Zone, but there has never been a claim of responsibility.
Boeing seeks to borrow $10 billion or more amid 737 MAX crisis
Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday. CNBC first reported the news on Monday, citing sources that Boeing has so far secured at least $6 billion from banks and is talking to other lenders for more contributions.
A source confirmed the talks to Reuters, but it was still not clear how much Boeing would seek to raise and whether it would pursue the selling of new bonds. One key issue for Boeing is flexibility since it is not clear how long the 737 MAX will remain grounded.
Boeing declined to comment.
Reuters reported on Friday that the Federal Aviation Administration is now unlikely to approve the plane’s return until March, but that could take until April or longer.
Boeing confirmed on Monday that it temporary halted production of the 737 MAX in Washington State in recent days. The company had said in December it would halt production at some point this month.
“MAX production has now been temporarily suspended inside the 737 factory. The Renton site remains open as our teams focus their work on several quality initiatives,” Boeing said, referring to its facility in Renton, Washington.
Boeing does not get paid until it delivers the planes it manufactures.
The company has estimated the costs of the 737 MAX grounding at more than $9 billion to date, and is expected to disclose significant additional costs during its fourth-quarter earnings release on Jan. 29. Boeing faces rising costs from halting production of the plane this month, compensating airlines for lost flights and assisting its supply chain.
Analysts estimate that Boeing has been losing around $1 billion a month because of the grounding. It reported an almost $3 billion negative free cash flow in the third quarter. Boeing also reported its worst annual net orders in decades last week, along with its lowest numbers for plane deliveries in 11 years. On Friday, Boeing said it was addressing a new 737 MAX software issue discovered in Iowa during a technical review of the proposed update for the plane.
Last week, American Airlines Group Inc and Southwest Airlines Co both said they would extend cancellations of 737 MAX flights until early June. Also this month, the FAA and Boeing said they were reviewing a wiring issue that could potentially cause a short circuit on the 737 MAX.
https://www.reuters.com/article/us-boeing-loan/boeing-seeks-to-borrow-10-billion-or-more-amid-737-max-crisis-source-idUSKBN1ZJ27T
EXEC1F VIP C-40B Clipper North
if you are here it's working. slow and use that index link along with [Update] and that keeps you going.
92-9000 VIP departing JBA
82-8000 VIP departing JBA up now.
god speed sir!
Here’s Why the New York Fed Doesn’t Want You to See a Photo of Its Wall Street-Esque Trading Floor
The New York Fed has been allowed by Congress to insert itself so deeply in markets that it’s highly possible that history will find it at least partly responsible for the next market implosion.
The well-promulgated notion that the Federal Reserve began heavily meddling in the repo loan market on September 17 of last year is a piece of fiction. According to the U.S. government’s own database, residing at the Office of Financial Research (OFR), from 2014 through December 31, 2017, the New York Fed was engaged in repo transactions with U.S. Money Market Funds with $200 to $400 billion changing hands on pivotal days. For example, on December 31, 2015, the Fed engaged in $424 billion in repo transactions; on December 31, 2016, $403 billion changed hands; and as recently as June 30, 2017, $354 billion changed hands between Money Market Funds and the New York Fed.
These repo transactions were called Reverse Repurchase Agreements (Reverse Repos), where the New York Fed sold U.S. Treasury securities it held to Money Market Funds with a stated agreement to repurchase the security at a specified price on a specified date in the future. The difference between the sale price and the repurchase price, adjusted for the number of days outstanding, implies a rate of interest paid by the New York Fed on the transaction. Because a Money Market Fund could make a very large transaction with the New York Fed without concern about a default by a dozen other Wall Street bank counterparties among whom it might have otherwise attempted to spread its risk, the New York Fed became the Reverse Repo loan counterparty of choice, rapidly dominating the market. The New York Fed not only crowded out other counterparties but they also crowded out other forms of repo collateral according to OFR data. The repo collateral at Money Market Funds went from 33 percent U.S. Treasuries on January 31, 2011 to 63 percent on August 31, 2019 according to OFR data, making obligations of Wall Street and foreign banks less and less desirable.
The New York Fed effectively created a new market of one-stop shopping for all your Treasury needs for time-constrained and harried Money Market Fund managers. TheStreet.com article provided this quote from Debbie Cunningham, Chief Investment Officer for Global Money Markets at the large mutual fund company, Federated Investors: “The Fed’s program is very easy. It takes a lot of work otherwise to call 40 other counter-parties.”
Today, the Fed has moved in the opposite direction. Since September 17 of last year, it is buying, not selling, hundreds of billions of dollars each week in Treasury securities and government agency mortgage debt from Wall Street trading houses it calls its “primary dealers,” some of which are the very same dealers it crowded out of the Money Market Fund repo loan market. These are the first repo loans where the Fed is buying up securities and crediting the trading houses with cash since the financial crisis – raising the question in the public mind as to whether a new crisis is brewing. No one ever expected that the New York Fed would become both the sugar daddy and key regulator to Wall Street’s most dangerous banks. But it did.
No one ever expected that the New York Fed would secretly funnel $29 trillion of electronically conjured money to bail out the Wall Street banks and their foreign derivatives counterparties during and after the 2008 financial crash. But it did.
No one ever expected that the New York Fed would be rewarded for allowing Citigroup to become a smoldering ruin of a derivative fireworks factory by getting increased supervisory powers after the epic 2008 crash, but it did.
No one ever expected that JPMorgan Chase, a bank that admitted to three criminal felony counts and lost $6.2 billion of depositors’ money trading exotic derivatives would be rewarded, by the New York Fed, by getting fees to manage $1.7 trillion of the New York Fed’s assets, but it did.
And despite this abysmal history at the New York Fed, Congress has yet to call the New York Fed executives to testify about its latest multi-trillion-dollar meddling in U.S. markets.
https://wallstreetonparade.com/2020/01/heres-why-the-new-york-fed-doesnt-want-you-to-see-a-photo-of-its-wall-street-esque-trading-floor/
I wud argue they have done this since october 2002 with the trash for cash straight repo program(s).