tyb
smashing work as always
>>8357838 lb NBCUniversal Quietly Sold $500M Stake in Snapchat
Snap, Inc Chief Executive Officer sold: $20.73m-Mar 2
https://www.finviz.com/insidertrading.ashx?oc=1699293&tc=7
good to hear fren
VENUS92 98-0002 up from Wilmington NC returning to JBA
SAM457 C-40B 737 east from Peterson AFB, Colorado Springs
ADS-B not being a gud boi today
LOBO861 USMC C-560 up from MacDill AFB ini Tampa, circled cap #2 and then headed north
SAM371 and SAM364 on descent to Miami Int'l from JBA
Foreign diplomats fly out of Pyongyang to Vladivostok
North Korea has flown out diplomats and other foreigners who wished to leave the country after they were quarantined over concerns of the coronavirus.
Since early February, North Korea has suspended flights and trains to and from Russia and China, citing preventive measures against the spread of the virus. They quarantined more than 380 foreigners, including diplomats and their families. The quarantine was partially lifted this month.
On Monday, state-run Air Koryo flew diplomats and other foreign nationals from Pyongyang to the Russian Far East city of Vladivostok. It was carrying dozens of passengers, including diplomats from the German and French embassies.
Germany's Ambassador Pit Heltmann said North Korean citizens were wearing masks without exception, and appeared anxious about the new coronavirus. But he added business looked normal. An agricultural engineer from Italy said he had his temperature checked twice a day. He added if Pyongyang is in need of help, it can call on the international community.
Pyongyang maintains no coronavirus cases have been reported in the country.
https://www3.nhk.or.jp/nhkworld/en/news/20200309_38/
want some help?
o7
New York Fed Moves to Keep Money Markets Calm Amid Turmoil
WASHINGTON — The Federal Reserve Bank of New York on Monday announced that it will ramp up the amount of short-term loans it offers banks, an effort to keep cash flowing smoothly through the financial system as markets gyrate amid fears about economic fallout from the coronavirus.
The infection has now sickened about 110,000 people, and as it spreads through the United States and Europe, worries are mounting that growth will slow dramatically. That, together with plunging oil prices, has sent global markets into turmoil.
Between Monday and Thursday, the New York Fed pledged to increase its daily offering of overnight repurchase agreements — essentially short-term loans to eligible banks — to at least $150 billion from $100 billion.
It is also increasing its offering of two-week loans starting tomorrow, to at least $45 billion from at least $20 billion.
The moves “are intended to ensure that the supply of reserves remains ample and to mitigate the risk of money market pressures,” the New York Fed said in a statement.
“They should help support smooth functioning of funding markets as market participants implement business resiliency plans in response to the coronavirus,” the statement said, though it added that the Fed will “continue to adjust” operations as needed.
The Fed had already been active in the market for short-lived loans between banks and financial institutions — called the repurchase or “repo” market — for months, starting after rates in that obscure but important corner of the financial system’s plumbing spiked back in September. It had recently been shrinking the size of its injections as markets calmed.
But demand at its regular repo operations surged as markets swung, fueling speculation by investors that the Fed might lift the size of its offerings.
Officials have also been buying $60 billion in short-term Treasury bills each month to build up the financial system’s buffer of bank reserves, essentially deposits at the Fed. The goal was to keep cash flowing smoothly so that borrowing costs in money markets would stay under control.
“We will ensure that the supply of reserves in the banking system remains ample,” John C. Williams, the New York Fed president, said in a speech last week. “We are monitoring conditions in money markets closely.”
https://dailyglobalnew.com/2020/03/new-york-fed-moves-to-keep-money-markets-calm-amid-turmoil/
Beginning with today’s operation and through March 12, 2020, the Desk will increase the amount offered in daily overnight repo operations from at least $100 billion to at least $150 billion. In addition, the Desk will increase the amount offered in the two-week term repo operations on Tuesday, March 10, 2020 and Thursday, March 12, 2020 from at least $20 billion to at least $45 billion.
https://www.newyorkfed.org/markets/opolicy/operating_policy_200309
here is today's repo action-cap #2
$122.932b submitted and all of it accepted for the Repo
Reverse Repo
$2.504 submitted and accepted
https://apps.newyorkfed.org/markets/autorates/temp
This is criminal….sending a BIG message here. They can't let this run. Attacked from the start of MYMEX open at 830am EST
https://www.kitco.com/charts/livesilver.html
don't count on it-would be nice. They fucked the entire system with the MERS scandal so there is that to clean up
I think some of that legacy short position was handed off to Citigroup in 2018-you know put it in Dopey's bank for a nice neat bow. Something spiked it in early Oct then and it was like someone got something and did not know what they had and went "oh shit". just speculation.
every dollar it goes up the shorts lose about $1-$1.5b so they need to cap it. This been going on for decades. Totally on display for those that don't even follow it. it's a gift anon…take advantage of it.