air defence system in action real us military anti missile defense system | iron dome israel -Arma 3
The United States has started to significantly reduce the number of its anti-missile systems in the Middle East, The Wall Street Journal reported citing officials in the Biden administration. The report noted that the Pentagon is in the process of withdrawing eight Patriot anti-missile batteries from Iraq, Kuwait, Jordan, and Saudi Arabia, where the Terminal High Altitude Area Defense system is also being pulled. According to officials, the decision to withdraw the weaponry from the region comes as the Biden administration wants to focus on countering China. Nick Note: Why would you take out DEFENSIVE weapons in one of the worlds hot spots. Why because Bernie and Obama wants them gone……
People who are vaccinated against COVID-19 with BioNTech’s vaccine were found to have “substantially higher” levels of antibodies than those who received Sinovac’s jab, the South China Morning Post reported on Saturday, citing a Hong Kong study.
People who are vaccinated against COVID-19 with BioNTech’s vaccine were found to have “substantially higher” levels of antibodies than those who received Sinovac’s jab, the South China Morning Post reported on Saturday, citing a Hong Kong study. Some who received the Sinovac vaccine might need a third booster shot as well, the newspaper said, citing lead researcher Professor Benjamin Cowling, an epidemiologist with the University of Hong Kong (HKU). The government-commissioned study was conducted by HKU’s school of public health and involved tracking the antibody responses of 1,000 people who received either vaccine, the report added.Earlier this week, officials in Indonesia warned that more than 350 medical workers have caught COVID-19 despite being vaccinated with Sinovac and dozens have been hospitalized, raising concerns about its efficacy against more infectious variants of the virus.
Major stock markets in the United States ended Thursday’s trading session mixed, with Nasdaq 100 reaching a record high at the close, bolstered by tech and chip stocks. Google Cloud unveiled it is partnering with AMD on their new technology for scale-out workloads, while NVIDIA announced that it is investing $100 million into the United Kingdom’s largest supercomputer. The Nasdaq 100 closed 1.29% in the green, with Atlassian Corp increasing 5.65%. The Dow Jones rebounded slightly, but couldn’t recover from its earlier drop, ending the session 0.62% lower, as Caterpillar Inc. declined 3.55%. The S&P 500 closed flat. The euro declined 0.77% against the dollar trading for $1.19027 at 4:02 pm ET.
The United States Federal Reserve announced on Wednesday that the members of its Federal Open Market Committee (FOMC) voted unanimously to leave the key interest rate unchanged near zero. The central bank stated that the indicators of the country’s economic activity and employment have strengthened amid rising vaccinations and strong policy support. Even the most pandemic-affected sectors have shown improvement, albeit they remain weak, the committee said. Additionally, the Fed warned that inflation has climbed up, but attributed the increase to “transitory factors.” Nevertheless, the headline inflation expectation for this year has been raised to 3.4%, while the majority of FOMC members now predict two rate hikes in 2023.
June 15 (Reuters) – At least seven people in five U.S. states were infected with the novel coronavirus weeks before those states reported their first cases, a new government study showed. More than 24,000 blood samples taken for a National Institutes of Health research program between Jan. 2 and March 18, 2020 were analyzed and seven participants reported antibodies against SARS-CoV-2, the virus that causes COVID-19. The positive samples came from Illinois, Massachusetts, Mississippi, Pennsylvania and Wisconsin, the researchers said. (Reporting by Mrinalika Roy in Bengaluru; Editing by Anil D’Silva)
US industrial production up 0.8% in May, factory output 0.9%
WASHINGTON — Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May. Adding utilities and mines, overall U.S. industrial production climbed 0.8% in May from April, the Federal Reserve reported Tuesday. Auto production jumped 6.7% despite ongoing problems arising from a shortage of computer chips. Production rose 1.2% at mines last month and 0.2% at utilities. American industry is rebounding from the coronavirus recession along with the rest of the U.S. economy. The Institute for Supply Management, an association of purchasing managers, reported that manufacturing activity rose in May for the 12th straight month despite supply chain problems and labor shortages.
US retail sales down 1.3% in May
Retail sales in the United States dropped 1.3% in May compared to the previous month, according to a report by the US Census Bureau released on Tuesday. The figure was below expectations, which put the decrease at around 0.8%. Total retail sales for May stood at $620.2 billion. On a yearly basis, sales increased 28.1% in May. Total sales for the period between March 2021 and May 2021 were up 36.2% compared to the same period in 2020.
WASHINGTON (AP) — Wholesale prices, boosted by rising food costs, increased 0.8% in May, and are up by a record amount over the past year, another indication that inflation pressures are rising since the economy has begun to re-open following the pandemic lockdowns. The Labor Department reported Tuesday that the monthly gain in its producer price index, which measures inflation pressures before they reach consumers, followed a 0.6% increase in April and a 1% jump in March. Food prices rose a sizabel 2.6% while energy costs were up 2.2%. Over the past 12 months, wholesale prices are up 6.6%, the largest 12-month increase on records going back to 2010. The gain in wholesale prices followed a report last week that consumer prices rose 0.6% in May with prices over the past year surging by 5%, the biggest 12-month gain in more than a decade. Nick Note: The children are confused on something they have never seen before… This is a reflation trade in a modern age. Something never seen before///////////////////// This is no accident they are by design trying to put the masses into inflation hysteria. In the panic they will buy stupid shit the huskers have for them and in a year they will lose their. Lumber has fallen in the past week 40%. The saw mills are opening up like gang busters… get this to many of them.. It will be a slaughter of all the people who mistaken reflation for inflation
Taper tantrum remains the top tail risk for the market
Some interesting tidbits from the latest BofA survey:
72% of managers believe that inflation is a temporary phenomenon
63% of managers believe that the Fed may begin to wind down QE in Aug/Sept
Long commodities overtook Bitcoin as ‘most crowded trade’
81% of investors still believe cryptocurrency is in “bubble” territory
LONDON (Reuters) – The majority of investors surveyed by BofA believe inflation is transitory and expect the U.S. Federal Reserve to signal a dial back in monetary stimulus by September, the investment bank said on Tuesday. Unprecedented stimulus sparked worries about inflation earlier this year, driving U.S. 10-year borrowing costs to 1.8% in March and spooking stock markets. But those concerns have abated recently, pushing stocks to record highs and benchmark U.S. bond yields back below 1.5%. “Investors (are) bullishly positioned for permanent growth, transitory inflation and a peaceful Fed taper,” said Michael Hartnett, chief investment strategist at BofA, adding that 63% of the investors believe Fed will signal a taper by September.
Some 72% of investors said inflation was transitory, according to the June BofA survey.
Still, inflation and a “taper tantrum” — a selloff related to the Fed scaling back its quantitative easing programme — remained the top tail risks for markets, BofA’s survey of 224 fund managers with $667 billion in assets under management showed. BofA said the investment cycle was shifting from early to mid-cycle and that investors don’t expect a recession until 2024 at the earliest.Investors said value stocks, so-called because they trade at …
Though the majority of investors in the survey said equities were not in a bubble, BofA said positioning was peaking with a near-record 62% of investors “overweight” on stocks.
Unprecedented stimulus measures to tackle the COVID-19- induced recession have now sparked worries about inflation, prompting investors to raise their rate hike expectations. Worries that the U.S. Federal Reserve would scale back – or “taper” – its quantitative easing programme was seen as the biggest risk among investors. Discussions about a minimum global corporate tax rate and a rise in the corporate tax rate in the United States in the past few weeks have soured the outlook for equities. Investors’ cash allocation rose to 4.1% last week versus 3.8% in February, the survey showed.After soaring 82% from March 2020 lows and scaling $90 trillion in market capitalisation, world stocks are holding up near record highs. Still, two-thirds of the 200 panellists with $553 billion in assets under management said U.S. equities were in a late-stage bull market. Only 7% think U.S. stocks were in a bubble. Six out of ten investors surveyed by BofA now expect a rise short-term rates in the next 12 months, the highest since January 2019. But they expect a more than 10% pullback in stocks if U.S. 10-year Treasury yields hit above 2.1%. The benchmark 10-year yield is now hovering near 1.70%, holding below a 14-month high of 1.776% reached on March 30.
Amid a booming economy and rising inflation, the Federal Reserve this week could signal that it’s likely to move up the timetable for withdrawing the extraordinary stimulus measures it has enacted during the COVID-19 pandemic. The Fed meeting highlights a busy week of economic news that also features the latest data on retail sales and housing starts. Autos may crimp retail sales Retail sales have been choppy lately, flatlining in April after a strong March fueled by government stimulus checks and a rebound from February’s storms. The May report, out Tuesday, is expected to show overall sales fell 0.4%, dragged down by a drop in vehicle inventories due to lingering computer chip shortages, according to a survey of economists by Action Economics and PNC Financial Services Group. But excluding vehicles, retail sales likely rose a solid 0.5%, according to the Action Economics survey. Consumer spending makes up almost 70% of the nation’s gross domestic product. Americans are spending on things like clothing, sporting goods and dining out after the pandemic sharply curtailed their outlays Housing starts tumbled 9.5% in April to 1.57 million, driven by a slide in single-family home construction. Due to shortages of building materials and labor, residential construction has been delayed. A bounce-back is likely in May. Economists surveyed by Action Economics forecast that construction began on 1.65 million homes last month. The economy has continued to show rapid progress amid rising vaccinations and falling COVID cases, and consumer prices have jumped as demand has surged while supply-chain snarls have caused product shortages. Although the Fed believes the stronger inflation is temporary, the developments could lead policymakers to push up their median forecast for the first hike from the Fed’s near-zero benchmark rate to 2023 from 2024 at the earliest. The Fed also could signal that it may begin tapering its $120 billion a month in Treasury and mortgage bond purchases — which help hold down long-term interest rates, such as for mortgages — earlier than anticipated, says economist Kathy Bostjancic of Oxford Economics. She expects the Fed to begin tapering the purchases early next year, with the Fed announcing the move at its August conference in Jackson Hole, Wyoming. But Fed Chair Jerome Powell needs to talk a fine line. With job gains disappointing the past two months because of worker shortages, the Fed likely hasn’t achieved “substantial progress” toward its goals of maximum employment and stable inflation, Bostjancic says. Powell may simply say Fed officials discussed reducing the bond purchases without hinting at a timetable.