Author: BlackMask Financial

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Biden says Russia must not manipulate natural gas flows for political purposes

https://youtu.be/kOI6GDrU3H8

WASHINGTON, Oct 30 (Reuters) – U.S. President Joe Biden met with German Chancellor Angela Merkel and discussed efforts to keep Russia from manipulating natural gas flows with political aims in mind, the White House said on Saturday. Biden, who is in Rome for a meeting of leaders from the Group of 20 nations, underscored that it was important “to ensure that Russia cannot manipulate natural gas flows for harmful political purposes,” the White House said, adding that Biden and Merkel also discussed the situation in Afghanistan. Earlier on Saturday, data from a German pipeline operator showed Russian natural gas flows into Europe had come to a halt  in a part of the Yamal-Europe pipeline that brings gas into Germany via Poland. Russia sends gas to western Europe by several different routes, including the Yamal-Europe pipeline, which has an annual capacity of up to 33 billion cubic meters. Russia’s Gazprom said European customers’ natural gas requirements were being met on Saturday. Russian gas export flows are being closely watched at a time when gas prices in Europe are soaring as the global economy recovers from the pandemic while inventories remain low.

Gazprom has been accused by the International Energy Agency and some European lawmakers of not doing enough to increase its natural gas supplies to Europe.

The Russian company has said it has been meeting its contractual obligations. NN: Of course Russia is manipulating European gas supplies. They always have and always will. As we have often stated Europe is Russians Bitch………

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US wages see record gains…….Labor based inflation is always embedded

https://youtu.be/0kvBUW9EmuY

After years of wage stagnancy, employees in the USA are obtaining a huge raising, many thanks to near-record work openings. After years of wage stagnancy, employees in the USA are obtaining a huge raising many thanks to numerous work openings that are placing possible hires in their ideal setting in years to require a much better bargain from companies. The work price index, which determines incomes, incomes and also advantages, increased 1.3 percent in the 3 months finishing September, the United States Division of Labor stated on Friday. That is the most significant get on documents going back two decades. Over the previous one year, the index obtained 3.7 percent. Salaries and also incomes surged 1.5 percent in the 3rd quarter, greater than double the 0.7 gain in the 2nd quarter, while advantages additionally greater than increased from the previous quarter to 0.9 percent. All industries saw wage and also raise, highlighting the broad-based rigidity of the United States work market A documented 4.3 million Americans stopped their work in August– that is virtually 3 percent of all utilized employees in the United States– while the variety of work openings floated near a document 10.4 million. The variety of individuals strolling off the work and also the large variety of work openings have actually come to be an enhancing resource of issue for the country’s financial recuperation. Jobs are formally developed just when a person is employed, and also the economic climate included just 194,000 of them in September, noting the stingiest regular monthly gain this year. Companies– particularly smaller sized ones– are rushing to fill up placements. Some 51 percent of small company proprietors stated they had work openings they might not complete September, according to the National Federation of Independent Companies. With numerous work going asking, companies are progressively sweetening deals to possible hires with larger paycheques, authorizing perks, and also much better advantages. A study out today by work website Undoubtedly revealed that companies using greater incomes and also remote job alternatives are best placed to amass job-seeker rate of interest. The very same study additionally revealed work seekers have substantially much less rate of interest in work like child care and also storage facility job than they did right prior to the pandemic, and also much more rate of interest in civil design and also IT work. NN: WAGE BASED INFLATION IS PERMANENT INFLATION AND KICKS OFF THE INFLATION SPIRAL. YOU ARE NOT GOING TO GIVE YOUR PEOPLE A RAISE AND TAKE IT BACK. BY NATURE AS PEOPLE MAKE MORE THEY SPEND MORE AND SO THE CYCLE GOES

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China has another gift for you……Wuhan Virus cases and deaths surge again

CHINA

Wuhan Virus cases and deaths are surging for the first time in 2 months. 6 Million people are under lockdown in China, Russia has recorded its highest daily deaths, Tonga has recorded its first-ever case of the Wuhan Virus.

EUROPE

* The prevalence of COVID-19 cases in England hit its highest level since the start of the year, reaching around one in 50 people in the week ending Oct. 22, Britain’s Office for National Statistics said.

* Some businesses flouted the Russian capital’s new lockdown measures saying they needed to make ends meet amid a lack of state support, as nationwide deaths from COVID-19 hit a new record daily high blamed on slow vaccination adoption.

* Sweden’s response to the coronavirus was too slow and preparations to handle a pandemic were insufficient, a commission investigating the country’s response to COVID-19 said.

* Poland’s total number of cases since the start of the pandemic passed 3 million, as the fourth wave of infections gathers pace.

AMERICAS

* Pfizer and BioNTech said they expect to deliver 50 million more doses of their vaccine to the U.S. government by April-end.

* The U.S. Transportation Security Administration said it has recently ramped up proposed fines for travelers failing to wear masks at airports and in other transit modes.

ASIA-PACIFIC

* Beijing city is demanding a vaccine booster shot for some key workers. A former vice mayor of a Chinese town on the border with Myanmar lamented local lockdowns and disruptions caused by repeated outbreaks and wrote a rare plea for a “strong” helping hand from the capital.

* Japan’s health ministry said it has decided to offer booster shots to anyone who has already received two vaccine doses, news agency Jiji reported.

MIDDLE EAST AND AFRICA

* Only five African countries will meet the target of fully vaccinating 40% of their populations unless the pace of inoculations accelerates across the continent, the World Health Organization said (WHO).

* The World Bank has approved a $360 million development policy financing loan to support Egypt’s post-pandemic recovery, the lender said.

MEDICAL DEVELOPMENTS

* The WHO said it was seeking further data from Merck on its experimental new antiviral COVID-19 pill and hoped to issue guidance in coming weeks regarding its use for mild and moderate cases.

* The Delta variant can transmit easily from vaccinated people to their household contacts, a British study found, although contacts were less likely to get infected if they were vaccinated themselves.

ECONOMIC IMPACT

* Global equities moved toward record highs on Thursday and U.S. Treasury yields rose as investors discounted weak U.S. economic growth data to retain their focus on strong corporate results and interest rate expectations amid rising inflation.[MKTS/GLOB]

* The U.S. economy grew at its slowest pace in more than a year in the third quarter as a resurgence in COVID-19 cases further stretched global supply chains, leading to shortages of goods like automobiles that slammed the brakes on consumer spending.

Reuters Reports
Bulgaria hits record high daily coronavirus cases, hospitals stretched

India reports 15,906 new COVID-19 cases in last 24 hours

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Nasdaq, S&P end the month at record highs

Wall Street fluctuated between gains and losses on Friday but ended with the S&P 500 and Nasdaq at record highs. The Dow gained 89 points. The S&P 500 closed above 46-00 for the first time ever. The Nasdaq rose 50 points…. putting the finishing touches on making October the best month for the stock market all year. Elevated inflation readings continued to show up in corporate results and economic data. Consumer spending topped forecasts in September as the Federal Reserve’s favored measure of consumer inflation remained quite high. The personal consumption expenditures index, excluding food and energy, was up 3.6 percent in the year through September. It’s been stuck at that lofty level for four months straight. Nancy Davis, chief investment officer, at Quadratic Capital Management, believes the prolonged inflation spike is leading the bond market to price in several rate hikes from the Fed. “The rates market is having one of the most volatile weeks that I can remember in my career. We have over five full hikes being priced in before the end of two thousand twenty three. I personally think that’s a little aggressive, especially with the taper likely coming later this year and going into midterms next year with the US election cycle.” Stock investors, however, remained focused on earnings for the time being.

Exxon Mobil posted its strongest quarterly results in four years thanks to oil and gas prices that have more than doubled in the past year. Meanwhile, Chevron announced its highest profit in 8 years for the same reason. Shares of Chevon touched their highest since early 2020.

Not all the earnings news was as good. Starbucks posted disappointing same-store sales growth led by weakness in China. Shares of Starbucks were down more than 6 percent. But the stock of the day was Microsoft. It hit a record high, allowing it to knock down Apple as the world’s most valuable company on the stock market. Microsoft: up more than 2 percent for the day. NN: As I told you this is a time to stand asdie…. I want to short this market so bad i can taste it….. But now is not the time.Its getting close… Soon enough the FED will panic and shut her down. The engine that is driving the rally is Out of control stimulus and RUN away inflation…….

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U.S. FDA authorizes first COVID-19 shot for young kids

https://youtu.be/9c-0mEV6hQE

(Reuters) -The U.S. Food and Drug Administration on Friday authorized the Pfizer Inc and BioNTech SE coronavirus vaccine for children aged 5 to 11 years, making it the first COVID-19 shot for young children in the United States.

The shot will not be immediately available to the age group. The U.S. Centers for Disease Control and Prevention still needs to advise on how the shot should be administered, which will be decided after a group of outside advisers discuss the plan on Tuesday.

Pfizer said it will begin shipping pediatric vials of the vaccine on Saturday to pharmacies, pediatricians’ offices and other places where the shots may be administered. The FDA decision is expected to make the vaccine available to 28 million American children, many of whom are back in school for in-person learning. It comes after a panel of advisers to the regulator voted overwhelmingly to recommend the authorization on Tuesday. Only a few other countries, including China, Cuba and the United Arab Emirates, have so far cleared COVID-19 vaccines for children in this age group and younger. The FDA authorized a 10-microgram dose of Pfizer’s vaccine in young children, lower than the 30 micrograms in the original vaccine for those age 12 and older. Advisers on the FDA panel said a lower dose could help mitigate some of the rare side effects after paying close attention to the rate of heart inflammation, or myocarditis, that has been linked to both Pfizer and Moderna vaccines, especially in young men. The regulator said on Friday that known and potential benefits of the Pfizer vaccine in individuals aged between 5 and 11 outweigh the risks. For the pediatric shots, the FDA has authorized a new version of the vaccine, which uses a new buffer and allows them to be stored in refrigerators for up to 10 weeks. In the United States, around 58% of the population is fully vaccinated, lagging other nations such as the UK and France. Many adults, who have been hesitant to get a vaccine, may be more cautious about giving the shot to their children. “We certainly hope that as people see children getting vaccinated, and being protected and being able to participate in activities without concern, that more people will get their kids vaccinated,” Acting FDA Commissioner Dr. Janet Woodcock said at a press conference. “And as we accumulate more experience with the vaccine, more comfort with the safety will occur.” Pfizer and BioNTech said their vaccine showed 90.7% efficacy against the coronavirus in a clinical trial of children aged 5 to 11. “This is a day so many parents, eager to protect their young children from this virus, have been waiting for,” Pfizer Chief Executive Albert Bourla said in a statement The United States started administering the vaccine to teens between ages 12 and 17 in May. Vaccination coverage among the age group is lower than in older groups, according to the CDC. Pfizer’s vaccine was the first to be authorized for emergency use in the United States in December last year for those age 16 and older and was granted full U.S. approval in August. Earlier this week, Moderna reported interim data showing that its vaccine generated a strong immune response in children ages 6 to 11 years. It is awaiting a U.S. regulatory decision on the authorization for children between ages 12 and 17. NN: Its a shame the kiddie vaccine will not achieve wide distribution before the holidays……

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Bill Ackman to Fed… It’s time to taper immediately…and begin raising rates as soon as possible

Bill Ackman
Bill Ackman

Billionaire hedge fund manager Bill Ackman called Friday for the Federal Reserve to begin reining in the support it has provided for the U.S. economy during the coronavirus pandemic. In separate tweets, the head of Pershing Square Holdings, with $13.1 billion under management, said the central bank should start turning off the monetary juice right away. He teed up his position by saying he met last week with officials at the Fed’s New York branch, which houses the trading desk that carries out the wishes of officials regarding interest rates and the monthly asset purchase program.

“The bottom line: we think the Fed should taper immediately and begin raising rates as soon as possible,” he said.

“We are continuing to dance while the music is playing,” Ackman added, “and it is time to turn down the music and settle down.” The statements come just a few days before the Federal Open Market Committee is set to begin its two-day policy meeting Tuesday. For Ackman, insisting on the taper isn’t anything radical: Investors widely expect the FOMC on Wednesday to announce that it soon will start pulling back on its monthly asset purchase program in which the Fed is buying at least $120 billion of bonds. Markets are looking for monthly pullbacks of $10 billion in Treasurys and $5 billion in mortgage-backed securities, possibly starting in November and concluding in the summer of 2022. Calling for interest rate hikes is another matter. Fed officials have stressed that the initiation of tapering shouldn’t be construed as a path to rate hikes. The central bank has been holding its benchmark overnight borrowing rate near zero since the early days of the Covid-19 pandemic, and most FOMC official Bill Ackman said the Federal Reserve should slow down the pace of its asset purchases to support the U.S. economy ahead of a key meeting next week of policy makers. “We think the Fed should taper immediately and begin raising rates as soon as possible,” the billionaire founder of Pershing Square Capital Management said in a series of tweets Friday. “We are continuing to dance while the music is playing, and it is time to turn down the music and settle down.” NN: Its really to late. Its going to take more then stomping on the brakes to shut this inflation wild storm down… like a 500 bases point increase in the Fed Funds rate. They need to do a lot, they need to do its fast and they need to do it now!

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Impossible to control COVID-19 transmissions – Russian expert

MOSCOW, October 29. /TASS/. The time frames surrounding coronavirus becoming a seasonal disease are impossible to predict, Deputy Director of the Russian Central Research Institute of Epidemiology Alexander Gorelov said on Friday. “It is impossible to set any clear <…> deadlines that we can fight this infection by this date and it becomes seasonal. The process is multifactorial. <…> From my point of view, it is impossible to say in a specific time frame that tomorrow or a day after tomorrow, or in the foreseeable future the infection will be seasonal,” he said at the Eurasian Economic Forum. Gorelov added that there is no antiviral treatment in the world that can regulate the infection process. “On the other hand, if there is a vaccine, only 10% of the population has been vaccinated against the coronavirus infection. Do not forget about the phenomenon of the virus transmission to a nonimmune organism. The changes most often occur in the non-immune organism, as well as all its mutations that humanity faces over and over again,” he said. Earlier, chief of Russia’s sanitary watchdog, Anna Popova, said that the coronavirus would become a seasonal infection, like the flu. NN this is disturbing news. Especially when you consider what is happening in Northern Europe.

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Oil rally resumes on OPEC+ supply expectations

LONDON (Reuters) – Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations that OPEC and its allies will keep supply tight countered rising U.S. inventories and the prospect of more Iranian exports. Algeria said on Thursday that a crude output increase by OPEC and its allies in December should not exceed 400,000 barrels per day (bpd) because of market uncertainties and risks. The alliance, which is gradually unwinding last year’s record output cuts, meets on Nov. 4. “Supply will therefore continue to play catch-up with demand in the immediate term,” said Stephen Brennock of oil broker PVM. “In short, OPEC+ is intent on continuing to act as a key pillar of price support.” Brent crude rose 11 cents, or 0.1%, to $84.43 a barrel by 1213 GMT and U.S. West Texas Intermediate crude slipped 8 cents, or 0.1%, to $82.73. Both benchmarks touched multi-year highs on Monday. Crude has surged in 2021 as economies recover from the COVID-19 pandemic, but prices are on track to fall this week, with Brent facing its first weekly decline in about two months. This week’s U.S. inventory figures showed crude stocks rose by a more than expected 4.3 million barrels. Iran, meanwhile, has said that talks on reviving the international deal on its nuclear programme will resume by the end of November, bringing it a step closer to boosting oil exports. “The sharp rise in U.S. crude oil stocks and the expectation of nuclear talks being resumed with Iran have temporarily eased concerns about supply to some extent,” said Commerzbank’s Carsten Fritsch. The heat also came out of the rally because of easing concern over high coal and natural gas prices that have spurred fuel-switching in power generation. British and European gas prices continued to fall on Friday after Russian President Vladimir Putin said Russia could start pumping gas into European storage. NN: The back of this rally has not been broken just yet. But their sure as hell IS a lot of straw piling up on the donkeys back…… OIL IS A GREAT TRADE

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Euro zone inflation exceeds forecasts; hits another 13-year high

In the above video you will see how the EU is dancing around the inflation crises. Like in the US the central bankers have little choice so they pretned and HOPE inflation will some how go away by itself… That is not going to happen

FRANKFURT (Reuters) – Euro zone inflation shot past expectations in October to hit a 13-year high, worsening a policy headache for the European Central Bank, which has consistently underestimated consumer price growth over the past year. Inflation in the 19 countries sharing the euro rose to 4.1% in October, up from 3.4% a month earlier and ahead of a consensus forecast of 3.7%. It was driven by higher energy prices, tax hikes and growing price pressures from supply bottlenecks that are constraining industrial production, particularly in car manufacturing, data from Eurostat showed on Friday. The figure is the highest since July 2008 and equals the fastest rate since the data series, known as the harmonised index of consumer prices, was launched in 1997. Energy prices alone were up 23% compared to a year earlier, making by far the biggest contribution to inflation. Services, which had shown anaemic price growth for years, saw inflation of 2.1%. At 4.1%, consumer price growth is now more than twice the ECB’s target and will likely accelerate further in the coming months before a slow retreat next year when some technical one-off drivers get knocked out of year-earlier figures, analysts and ECB policymakers predict. But all indicators suggest that inflation will decline more slowly than policymakers once thought, raising the risk that high prices, even if temporary, would become entrenched in wages and corporate pricing structures. Indeed, ECB President Christine Lagarde took a more cautious tone on inflation on Thursday, warning that supply disruptions would last longer than once thought, keeping consumer price growth higher for longer and putting pressure on wages. Underlying prices, a key focus for policymakers as they exclude volatile food and energy prices, also accelerated above the ECB’s target. Core inflation excluding food and fuel prices and a narrower measure that also excludes alcohol and tobacco products, both picked up to 2.1% from 1.9%. Adding to inflation concerns, an ECB survey on Friday indicated that over 30% of companies surveyed by the bank expected supply constraints and higher input costs to last for another year or longer, while a slightly lower percentage of respondents predicted difficulties would last another six to 12 months. Firms also reported “a scarcity of applicants” for jobs as people changed profession, country or lifestyle, which was likely to result in wage increases. NN: This is called a central bank hail Mary….. Their is global run away inflation and rates the world over will sooner or later soar..

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Yellen expects inflationary pressures to ease by second half of 2022

Janet Yellen on inflation: “I trust Fed to make the right decisions” This is a interview from October 5th… They are really really fucking up. inflation will bight them in the ass and make us a fortune
U.S. Treasury Secretary Janet Yellen on Friday said she still sees inflation as a temporary result of severe supply chain bottlenecks, and expects price increases to normalize during 2022 as people get back to work and demand shifts back to services.

“As demand shifts back to services and supply has a chance to adjust, I believe that price increases will normalize and we’ll see lower monthly inflation rates, I think, by the second half of (2022),” Yellen said in an interview in Rome. Yellen, who will attend a meeting of Group of 20 finance and health ministers on Friday, said inflationary pressures had been fueled by shortages of semiconductors and a rise in energy prices, but energy prices would begin to moderate in the months ahead. She noted that people were more confident about the job market, and income levels were going up, especially for workers in the service sector. Speaking in a separate interview with CNBC, she said two major spending bills working their way through Congress would also help reduce inflationary pressures by reducing the cost of medical services. Yellen said she expected U.S. gross domestic product growth to pick up and unemployment to fall further as the pandemic eased and people returned to work. NN: I  got your back. I hate making money when people suffer. I came to terms with this issue many years ago. I try to save and prosper as many people as possible from the evil conspiracies and ignorance of their leaders.. As a result i have lost hundreds of millions in Legal fees and having my business decimated.. We could have been a billion dollar publication. I regret nothing…… As a consultation prize we stand at the precipice of a disaster for the masses and our greatest trade ever. And we are about to free American investors (at least some of the smart ones) from the curse of the Futures mafia. that systematically  margins them to death…. Something to be proud of.