tyb
JBA Departures
SPAR28 USAF G5 ws
R11778 US Army G5 ws and on descent ai London, KY
PAT009 US Army C-560 and WM374 USMC C-560 nw
PAT007 C-560 on ground at Morristown, NJ and VV377 US Navy ne
C101 US Coast Guard G5 sw from Reagan National
VENUS35 USAF C-40B also from JBA s
ATILA25 USMC C-560 se from Kuwait-Ali Al Salem Air Base
Spanish AF AME Airbus A400M from Beirut Int'l off Egyptian Coast turning back towards Israel
WAGES41 USAF RC-135W Rivet Joint on trip back from Constanta, Romania-from RAF Mildenhall
Bidness news
Dow opens higher to start week as Boeing surges, highlighting shares staging coronavirus rebounds
U.S. stocks opened higher Monday, with New York , one of the hardest-hit cities by coronavirus, set to re-open, on the heels of a May employment report that showed that labor-market damage from lockdowns may not have been as longlasting as originally feared. The Dow Jones Industrial Average DJIA, +0.83% added 157 points, 0.6%, to open near 27,268, while the S&P 500 SPX, +0.40% opened 8 points, 0.3%, higher, near 3,202. The Nasdaq Composite Index COMP, +0.11%, which on Friday closed just 3.1 points shy of an earlier all-time high, opened near 9,823, up 9 points and 0.1%. Airline stocks and others that took the biggest hit during stay-home orders looked set to continue rallying: shares of American Airlines Group Inc. AAL, +6.59% popped more than 7% higher at the opening bell, continuing a record 77% gain so far in June, and shares of Boeing Co. BA, +9.60% also seemed to receive a boost from optimism emanating from the airline industry.
https://www.marketwatch.com/story/dow-opens-higher-to-start-week-as-boeing-surges-highlighting-shares-staging-coronavirus-rebounds-2020-06-08
Austria strikes €450 million bailout deal for Lufthansa unit
Austria has agreed to a smaller-than-expected bailout package for Lufthansa unit Austrian Airlines of 450 million euros ($508 million) in loans and grants, people familiar with the matter said on Monday. The package consists of 300 million euros in loans that the government will guarantee 90% of, as well as 150 million euros in grants, the people said. Lufthansa has agreed to provide its Austrian unit with an additional 150 million euro grant of its own, they added. The agreement comes after a 9-billion euro bailout deal between Austrian’s parent company Lufthansa and the German government. It is also significantly smaller than had long been expected - in April the airline originally applied for 767 million euros in aid from the Austrian government.
Lufthansa declined to comment while the Austrian government could not be immediately reached for comment.
https://www.reuters.com/article/us-health-coronavirus-lufthansa-austrian/austria-strikes-450-million-bailout-deal-for-lufthansa-unit-sources-idUSKBN23F1EN
BP to cut 10,000 jobs
Oil major BP BP, +2.50% BP, +2.02% plans to cut 10,000 out of the company's 70,100 jobs, Reuters reported, citing a phone call CEO Bernard Looney had with staff. The Financial Times separately quoted Looney as saying most of the job cuts will be in office positions. Unlike rival Royal Dutch Shell RDSA, +3.42%, BP has not cut its dividend.
https://www.marketwatch.com/story/bp-to-cut-10000-jobs-reports-2020-06-08
China's exports and imports fall amid coronavirus woes
The fall in exports came after a surprise 3.5 percent rise the previous month. China's exports and imports both fell in May as the coronavirus and trade tensions with the U.S. weighed on demand at home and abroad.
Exports fell 3.3 percent compared to a year earlier to $206.8 billion and imports dropped 16.7 percent to $143.9 billion, the Chinese customs agency said Sunday. The plunge in imports drove the country's trade surplus up sharply to $62.9 billion. The surplus with the United States reached $27.9 billion and climbed $18.2 billion with the European Union. Chinese exports to the U.S. totaled $37.2 billion, about the same as the $35.5 billion in exports to the EU. However, its imports from the EU were $17.3 billion, nearly twice the $9.3 billion from the U.S.
https://www.foxbusiness.com/markets/chinas-exports-and-imports-fall-amid-coronavirus-woes
PG&E plans $5.75 bln equity raise to fund bankruptcy exit
California-based power provider PG&E Corp PCG.N said on Monday it plans to raise $5.75 billion from public offerings as it tries to emerge from Chapter 11 bankruptcy by the end of this month. Separately, the company said investors, including Appaloosa and Third Point, have agreed to purchase up to $3.25 billion of its stock once the company exits bankruptcy.
PG&E said up to $1.25 billion of its common stock offering is expected to be reserved for large shareholders, while up to 25% will be allocated to individual investors.
The private placement will be at a maximum price of $10.50 per share, a discount of over 16% to the stock's last close. PG&E Corp's shares fell 12.5% premarket on announcement of the planned fundraises.
The utility is also preparing an $11 billion debt-financing package, an investor involved with the company's funding plan said on Friday.
Last month, the San Francisco-based utility's reorganization plan had been approved by a California power regulator.
The company needs to exit bankruptcy by June 30 to participate in a state-backed wildfire fund that would help reduce the threat to utilities from wildfires.
https://www.nasdaq.com/articles/pge-plans-%245.75-bln-equity-raise-to-fund-bankruptcy-exit-2020-06-08
all too small to do that in any size