BlackMask Breaking News

TAMPA, Fla. – Parents who take their kids to a trampoline park in Tampa want to know how a fight turned into a massive brawl involving hundreds of children.  “This escalated very quickly,” according to parent Sandra Bermudez, who started recording on her cell phone when the fight broke out. “They were all having fun and then when this lady said, ‘Oh my God,’ and I turn around to look, they’re fighting on the right side.” Bermudez says the fight unfolded while she was at Sky Zone Trampoline Park on Adamo Drive with her 9-year-old son. She’s not sure what started the fight, but it quickly got out of control. According to Hillsborough County sheriff’s deputies, the melee involved about 200 kids — mostly teenagers In the video, Sky Zone security personnel can be seen trying to intervene. The business closed early to move everyone involved outside. Bermudez kept recording as the fight continued in the parking lot. Deputies can be seen responding later in the video. They said the brawl spilled over into nearby businesses and they tried to track down the parents of those involved.The sheriff’s office said they briefly detained and released one child, but made no arrests. It’s unclear if anyone was seriously hurt. NN: Maybe they just got done Christmas shopping with sledge hammers and could not fugue out how to divide up the booty…… Maybe its a matter of white privilege….

SINGAPORE (Reuters) -Oil prices rose more than 3% on Wednesday, recouping a big chunk of the previous session’s steep losses, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant of the coronavirus. Brent crude futures rose $2.46, or 3.6%, to $71.69 a barrel at 0742 GMT, after rising to as high as $71.95 earlier in the day. The benchmark had slumped 3.9% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures rose $2.13, or 3.2%, to $68.31 a barrel, after a 5.4% drop on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday after 1300 GMT and ahead of a meeting on Thursday of OPEC+, which groups OPEC with allies including Russia. “Considering the weak price actions and recent Omicron developments, OPEC+ may intend to be more cautious on production increases,” said Leona Liu, analyst at Singapore-based DailyFX.

“The market expects the cartel may forego its proposed production plan for a while.”

Some analysts expect OPEC+ to pause plans to add 400,000 barrels per day of supply in January in light of the potential hit to demand from travel curbs to rein in the spread of the Omicron variant. “Since (the) U.S. and other countries agreed on releasing emergency stocks to control the price rise… also since the prices have already corrected from $85 a barrel to close to $70, OPEC+ may revisit their strategy,” said Sunil Katke, head of commodities retail business at Kotak Securities. Several OPEC+ ministers, though, have said there was no need to change course. But even if OPEC+ agrees to go ahead with its planned supply increase in January, producers may struggle to add that much. A Reuters survey found OPEC pumped 27.74 million bpd in November, up 220,000 bpd from the previous month, but that was below the 254,000 bpd increase allowed for OPEC members under the OPEC+ agreement. In a sign of bearish demand, data from the American Petroleum Institute industry group showed U.S. crude stocks fell by 747,000 barrels in the week ended Nov. 26, according to market sources, which was a smaller decline than expected. NN: Its a wide open game here. I can make a case for $60 oil. And just as good a case for$80 oi. When your trade is a 50/50 proposition DO NOT DO IT.  And we have a wild card….. the new covid Omicron variant. The question is how deadly is it.  It will take a couple of weeks for the data to come in. My bet at the MOMENT is their will be no lock downs………

The nation’s economic steward said it will back off of using the word “transitory” to describe the fast pace of price increases, as Federal Reserve policymakers acknowledge the increasing risk of more persistent inflation. “We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.” The central bank had been using the T-word since the beginning of the year, when Fed officials warned that nuances in year-over-year comparisons and supply chain bottlenecks would lead to eye-popping inflation readings.

The hope was that those high readings would fade in the later part of 2021. Instead, inflation accelerated. In October, prices soared 6.2% year-over-year, the fastest annual rise seen in the Consumer Price Index since 1990.

Powell acknowledged that the “risk of higher inflation has increased,” but reiterated that his baseline expectation is for inflation to fall closer to the central bank’s 2% target over the course of 2022. The Fed’s preferred measure of inflation is the Personal Consumption Expenditures Index, which rose by 5% on a year-over-year basis in October. Other Fed officials have similarly backed off of using the word “transitory.” San Francisco Fed President Mary Daly told Yahoo Finance on Nov. 23 that the word was intended to link higher inflation to disruptions particular to COVID-19. “The first principle of effective communication is if people aren’t getting it, don’t speak more loudly and more emphatically,” Daly said. The Fed may attempt to get ahead of inflation by more rapidly pulling back on its asset purchase program, a process it kicked off this month. The central bank hoped to fully end its open market purchases of mortgage-backed securities and U.S. Treasuries by the middle of next year, but Powell opened the door to accelerating that timeline on Tuesday. “We now look at an economy that is very strong and inflationary pressures that are very high and that means it’s appropriate for us to discuss at our next meeting — which is in a couple weeks — whether it would be appropriate to wrap up our purchases a few months early,” Powell said. The Fed’s next policy-setting meeting is scheduled for Dec. 14 and 15. NN: I want to be clear here. No one knows where we are at. We need to gather more information. As far as the FED they are drowning in stupidity.

Moderna CEO Stephane Bancel told the FT that existing vaccines would struggle with the Omicron variant and warned it would take months for pharmaceutical companies to manufacture enough jabs at a sufficient scale to make a difference. His tone contrasts with the likes of Pfizer and BioNTech, which had earlier suggested any new vaccine would be able to modified fairly quickly. “His rather candid comments have seen oil prices slide back sharply, as an increasingly jittery market react with concern to the prospects of further restrictions and lower demand,” commented Michael Hewson, chief market analyst at CMC Markets UK, this morning. As a result of these rather frank comments, markets in Asia dropped sharply and the gains made yesterday in European trading look set to disappear as we look to a sharply lower open later this morning, while US futures have also rolled over, he added. “As we look ahead to the rest of the week, this morning’s drop in markets shows that sentiment is set to remain extremely fickle until we get a clearer idea of what comes next when it comes to the new variant,” Hewson said. Expectations had been rising in recent days that the Federal Reserve might accelerate the pace of its tapering program when it meets in mid-December. “This now appears to be up for grabs with markets looking to today’s testimony by Fed chair Jay Powell to US lawmakers to gather clues as to the central banks thinking on the likelihood of this happening,” Hewson pointed out. NN: I am not about to run around with my hair on fire like Michael Jackson. I prefer to take a measured approach. The answer is not enough information is in. Yesterday the US started to DNA sequence samples from infected people to ascertain the variant that’s infecting them. Also we have not identified enough case and tracked them long enough to know how deadly this new variant Omicron is. From a observational stand point i can tell you highly contageous variants which  is not necessary deadlier… As far as vaccine efficiency that has not been established. Do you really want to listen vaccines chief salesmen?

• Previously, the CDC approved boosters for all vaccinated adults, but said priority should go to adults over 50.
• On Monday, director Rochelle Walensky strengthened that message, calling on all American adults to get extra shots.
• Walensky said boosters are key in light of the newly detected Omicron variant.

In light of global concerns about the Omicron variant of the coronavirus, the Centers for Disease Control and Prevention is recommending that all adults in the US get booster doses of a COVID-19 vaccine — to temporarily supercharge the nation’s immunity.

Everyone ages 18 and older should get an additional shot, either six months after their Pfizer or Moderna series or two months after their J&J jab, CDC director Rochelle Walensky said in a statement Monday.

The new recommendation marks a vigilant approach toward the emerging Omicron variant (B.1.1.529), which has been detected in the UK, Belgium, Israel, the Netherlands, Canada, Germany, and several more countries, since it was first identified in South Africa. “The issue with Omicron is that we’re concerned it might be partially immune-evading,” Dr. Celine Gounder, an infectious disease specialist and epidemiologist at NYU and Bellevue Hospital told Insider, explaining why she agrees with the change in the CDC guidance, given that Omicron is around. Though it’s unclear yet exactly how much of a threat Omicron poses to vaccinated people, “you can overcome some level of immune evasion with an increase in your antibody levels,” Gounder said. And that’s exactly what a booster shot does, it temporarily revs up a person’s immune response to the coronavirus, sending their antibody levels soaring to even higher levels than first or second shots. That extra bump might be needed, if it turns out that Omicron is more transmissible or more virulent than other versions of the virus that we’ve seen before. Getting as many adults boosted as possible in the US now buys the country more time to develop Omicron-specific vaccines, too, if it’s determined those are needed. Previously, the CDC approved boosters for all vaccinated adults — with the caveat that older folks needed them most. But since the emergence of the Omicron variant, the agency has shifted its approach to recommend boosters for everybody 18 and up. “I strongly encourage the 47 million adults who are not yet vaccinated to get vaccinated as soon as possible and to vaccinate the children and teens in their families as well because strong immunity will likely prevent serious illness,” Walensky said in the statement. “I also want to encourage people to get a COVID-19 test if they are sick. Increased testing will help us identify Omicron quickly.” The director also urged the public to follow proven prevention strategies to stop the spread of COVID-19, like wearing face masks, avoiding crowds, and staying home if you’re sick. NN: What assholes. As you know we have been urging subscribers to get their booster shot since early August. Now 5 months to late they finally scratched their ass and figured it out.They are not plumbers but suppose to be infectious disease experts. They probable paid off their professors and cheated on their exams. How else do you explain their stupidity…..

The Omicron variant of Covid-19 could slow the recovery of the US economy and labor market and also heighten uncertainty regarding inflation, Federal Reserve Chair Jerome Powell said in testimony released Monday. Powell has consistently said the recent spike in inflation would be transitory, but acknowledged that the factors pushing US prices higher will “linger well into next year.” The comments to be delivered to the Senate Banking Committee on Tuesday indicate the central bank chief is growing more concerned about this year’s price increases, which has put pressure on the central bank to raise interest rates more quickly. The Fed slashed interest rates to zero in the early days of the pandemic and flooded the financial system with liquidity, which together with massive government aid helped to prevent a more damaging economic downturn. While the US economy has “continued to strengthen,” the resurgence of the pandemic has dragged on the recovery, starting with the arrival of the Delta variant over the summer, he said. The latest strain, which first emerged in South Africa, has jolted global policy and health officials as they scramble to determine if Omicron is more infectious or more serious, and whether current vaccines will be as effective. Financial markets tanked on Friday amid fears the global economy would suffer a severe setback, but rebounded on Monday. “The recent rise in Covid-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity, and increased uncertainty for inflation,” Powell said. “Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.” Those global snags have caused shortages of a variety of products, while pent up demand for goods also have contributed to a burst of price hikes.