…FLASH FLOOD RISK CONTINUES OVER PORTIONS OF PUERTO RICO DUE TO ONGOING HEAVY RAINS…
As of 2:00 PM AST Wed Aug 14
the center of Ernesto was located near 21.1, -68.0
with movement NW at 16 mph.
The minimum central pressure was 989 mb
with maximum sustained winds of about 75 mph.
Day: August 14, 2024
THE FOURTH TURNING – IS WINTER UPON US?
by Barbara, Expose News: The concept of the “Fourth Turning” has captivated the attention of sociologists, historians, and the general public alike. Introduced by authors William Strauss and Neil Howe in their seminal 1997 book “The Fourth Turning: An American Prophecy,” this theory suggests that history unfolds in a cyclical pattern, marked by recurring generational […]
WHO declares mpox a global public health emergency
The World Health Organization on Wednesday declared the mpox surge in Africa was now a global public health emergency, sounding its highest possible alarm over the worsening situation. “Today, the emergency committee met and advised me that in its view, the situation constitutes a public health emergency of international concern. I have accepted that advice,” […]
The post WHO declares mpox a global public health emergency appeared first on Insider Paper.
Kamalanomics: The Worst Food Inflation in Nearly Half A Century
You have to go back to Jimmy Carter to find food prices rising this fast.
The post Kamalanomics: The Worst Food Inflation in Nearly Half A Century appeared first on Breitbart.
VANESSA BATTAGLIA: Tim Walz is the Chinese Communist Party’s useful idiot
Tim Walz is a truly captured elite, the ideological product of the CCP’s tourism-based charm offensive.
HUMAN EVENTS: Kamala Harris’ campaign isn’t about joy, it’s about toxic positivity
Seriously, Democrats: what possible on-the-ground reality suggests that “joy” is the appropriate response right now?
Hurricane Ernesto Forecast Advisory
Issued at 1500 UTC WED AUG 14 2024
Hurricane Ernesto Advisory Number 12
…ERNESTO BECOMES A HURRICANE NORTH OF PUERTO RICO… …SIGNIFICANT FLOODING LIKELY ACROSS PUERTO RICO AND THE VIRGIN ISLANDS AS HEAVY RAINS PERSIST…
As of 11:00 AM AST Wed Aug 14
the center of Ernesto was located near 20.5, -67.6
with movement NW at 16 mph.
The minimum central pressure was 991 mb
with maximum sustained winds of about 75 mph.
WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows
WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows
Oil prices are lower this morning – following bond yields, bitcoin and big-cap all lower post-CPI – erasing the small gains overnight following API’s reported big crude draw.
“Macroeconomic eyes remain very much glued on the state of inflation in the United States this week. With US PPI coming in 0.1% softer-than-expected yesterday, any such replication in the CPI reading today will hear not only a clamour of calls for the US Federal Reserve to cut interest rates but see another bout of speculative equity buying,” PVM Oil Associates noted.
For now, the official DOE data will likely decide the next leg.
API
-
Crude: -5.2mm
-
Cushing: -2.277mm
-
Gasoline: -3.689mm
-
Distillate: +612k
DOE
-
Crude: +1.36mm
-
Cushing: -1.665mm
-
Gasoline: -2.894mm
-
Distillate: -1.673mm
Crude stocks rose last week, ending a six-week streak of draws, but Cushing stockpiles continued to sink as did product inventories…
Source: Bloomberg
Stocks at the Cushing hub fell to their lowest since February…
Source: Bloomberg
The Biden admin added 694k barrels of oil to the SPR…
Source: Bloomberg
For context, there’s a long way to go..
Source: Bloomberg
US Crude production dipped off record highs…
Source: Bloomberg
WTI is extending its losses for now…
Middle East tensions remain heightened, with Iran still claiming the right to retaliate against Israel following the assassinations of key leaders in the Hamas and Hezbollah militant groups it backs. A direct attack on Israel is expected, but Iran has so far delayed any strike.
Notypist
Wed, 08/14/2024 – 10:41
NewsWare’s Trade Talk: Wednesday, August 14 | NewsWare‘s Trade Talk
S&P Futures are flat to higher this morning as the markets awaits another key economic data report. Before the bell today the July CPI data is scheduled for release. Japan’s Prime Minister announced that he will step down in September. Iran thought to be waiting on the outcome of the Gaza ceasefire talks before making a decision on an Israeli strike. Boeing is said to be close to an $18.8B deal on fighter jets for Israel. Mars is close to a 30B deal for Kellanova. Elliott Mgmt planning for a proxy fight with Southwest Airlines. PTON is higher after announcing a deal with Google. CAH released an earnings beat while EAT missed this morning. Oil prices have given back earlier gain and are now lower. In Europe, stocks have turned lower.