Hurricane Milton Public Advisory

…HURRICANE AND STORM SURGE WARNINGS ISSUED FOR PORTIONS OF THE FLORIDA WEST COAST… …MILTON POSES AN EXTREMELY SERIOUS THREAT TO FLORIDA AND RESIDENTS ARE URGED TO FOLLOW THE ORDERS OF LOCAL OFFICIALS…
As of 4:00 PM CDT Mon Oct 7
the center of Milton was located near 21.8, -90.8
with movement E at 10 mph.
The minimum central pressure was 905 mb
with maximum sustained winds of about 180 mph.

Post-Tropical Cyclone Kirk Public Advisory

…KIRK BECOMES A POWERFUL EXTRATROPICAL CYCLONE… …STILL CAUSING LARGE SWELLS AND RIP CURRENT RISK ALONG THE U.S. EAST COAST…
As of 3:00 PM GMT Mon Oct 7
the center of Kirk was located near 41.7, -38.4
with movement NE at 29 mph.
The minimum central pressure was 963 mb
with maximum sustained winds of about 75 mph.

Post-Tropical Cyclone Kirk Forecast Advisory

Issued at 1500 UTC MON OCT 07 2024

The Mirage of Honest Government

America is always on the verge of finally having “honest government.” Of course, what passes for “honest government” is a government that efficiently takes wealth from productive people and transfers it to those who are politically-connected.

The Fed Hits the Panic Button and Slashes the Fed Funds Rate

The Fed is desperate for you to think that “this time is different.” Unfortunately, Powell can’t seem to come up with explanation of why that is the case.

Yes, We Should Defend the Term “Capitalism”

Many proponents of free markets have tried to cast aside the name “capitalism” as a descriptor of the market system. They should take caution before doing so.

The Gradual Leftward Shift in US Politics and Economy

This year’s presidential election is presented in stark terms of right and left, Trump on the right and Harris on the left. However, it is more realistic to say that both candidates are to the left of where electoral politics was located just a couple decades ago.

NewsWare’s Trade Talk: Monday, October 7 | NewsWare‘s Trade Talk

S&P Futures are indicating a big move lower this morning. Markets are weakening due to rising bond yields and concerns on geopolitical tensions in the Middle East. CPI data for Sept to be released on Thursday. Apollo is buying the Barnes Group for 47.50 a share. Starboard has taken a position in PFE valued at $1B. Key events this week include TSLA robotaxi announcement, GM’s Analysts meeting, and AI events for AMD and HPE. Earnings season gets underway this week. In Europe, markets are mixed this morning. Oil prices are displaying another strong leg higher in the pre-market.

Hurricane Milton Forecast Advisory

Issued at 1200 UTC MON OCT 07 2024

Hurricane Milton Public Advisory

…AIR FORCE AND NOAA HURRICANE HUNTERS SHOW MILTON RAPIDLY STRENGTHENING… …NEW WATCHES AND WARNINGS ISSUED FOR PORTIONS OF MEXICO…
As of 7:00 AM CDT Mon Oct 7
the center of Milton was located near 21.8, -92.2
with movement ESE at 8 mph.
The minimum central pressure was 945 mb
with maximum sustained winds of about 125 mph.