NewsWare’s Trade Talk: Wednesday, October 9 | NewsWare‘s Trade Talk
S&P Futures are flat to lower in the pre-market. Shares of Boeing are lower as union talks break down. Share of HD are higher as Hurricane Milton approaches landfall in Fla. The DOJ is considering calling for a breakup of Google. Overnight, China announced that an economic briefing is scheduled for Sat. Israel’s leader Netanyahu is said to be having a phone call with President Biden today on the Middle East situation. In Europe, markets are higher as ECB officials indicate that a rate cut is likely next week. Oil prices have turned negative with stockpiles data in focus.
Hurricane Milton Public Advisory
…WINDS WILL BEGIN TO INCREASE ALONG THE WEST COAST OF FLORIDA BY THIS AFTERNOON… …PREPARATIONS, INCLUDING EVACUATION IF TOLD TO DO SO, SHOULD BE RUSHED TO COMPLETION THIS MORNING…
As of 8:00 AM EDT Wed Oct 9
the center of Milton was located near 25.0, -84.8
with movement NE at 16 mph.
The minimum central pressure was 915 mb
with maximum sustained winds of about 155 mph.
Taylor Swift got police escort to London gigs after Austria terror plot
US star Taylor Swift got a special police escort for her London concerts after an alleged suicide attack plot led to the cancellation of three performances in Vienna. Culture Minister Lisa Nandy denied the singer was given preferential treatment, after reports she had a motorbike escort usually reserved for senior members of the royal family […]
The post Taylor Swift got police escort to London gigs after Austria terror plot appeared first on Insider Paper.
Denmark Delays Hydrogen Pipeline To Germany
Denmark Delays Hydrogen Pipeline To Germany
Authored by Tsvetana Paraskova via OilPrice.com,
Denmark looks to commission a cross-border green hydrogen pipeline to Germany in 2031, three years later than the previous timeline, the Danish government said on Tuesday.
Denmark has been working with local transmission system operator Energinet to have the timeline to commissioning shortened to 2031, from 2032 as Energinet’s latest plan says, according to a statement from the Danish Ministry of Climate, Energy, and Utilities.
Energinet has been cooperating with Gasunie on the development of the Danish-German hydrogen network as part of a cooperation agreement. Initial plans envisaged that a cross-border transmission connection between Denmark and Germany would enable the transport of green hydrogen from 2028.
However, after Energinet’s market dialogue on the hydrogen infrastructure ended, the booking requirement was recalculated and the schedule updated, the operator said today.
“Several activities on the critical path have proven to be more extensive and time-consuming than originally anticipated. Therefore, Energinet now assesses that the ‘Lower T’ can be commissioned by the end of 2031 at the earliest, and the interconnections to Holstebro and Lille Torup by the end of 2032 and 2033,” the system operator added, referring to the initial and follow-up branches of the hydrogen network.
“We are still ready to bring state co-financing to the table if the industry commits to booking capacity in the pipeline,” said Lars Aagaard, Denmark’s Minister for Climate, Energy and Utilities.
The Danish Government will work on measures to support the possibility of commissioning the first part of the hydrogen backbone in 2031, it said today.
Green hydrogen has seen several setbacks in Europe recently, due to a lack of customers.
Most recently, Shell and Equinor have ditched plans for low-carbon hydrogen production and transportation in north Europe, due to a lack of demand.
Uncertainty around demand and incentives coupled with cost pressures are weighing on the global adoption of low-carbon hydrogen despite an uptick in final investment decisions in the past year, the International Energy Agency (IEA) said in a report last week.
Tyler Durden
Wed, 10/09/2024 – 05:00
Hurricane Milton Public Advisory
…MILTON REMAINS A CATASTROPHIC CATEGORY 5 HURRICANE… …FORECAST TO MAKE LANDFALL ON THE FLORIDA GULF COAST LATE TONIGHT AS A DANGEROUS MAJOR HURRICANE…
As of 4:00 AM CDT Wed Oct 9
the center of Milton was located near 24.5, -85.4
with movement NE at 14 mph.
The minimum central pressure was 907 mb
with maximum sustained winds of about 160 mph.
Hurricane Leslie Public Advisory
…RESILIENT LESLIE COULD STRENGTHEN SOME MORE TODAY…
As of 5:00 AM AST Wed Oct 9
the center of Leslie was located near 21.2, -47.8
with movement NW at 10 mph.
The minimum central pressure was 987 mb
with maximum sustained winds of about 80 mph.
FEMA’s Incompetent Crisis Response
As I write this, another catastrophic hurricane barrels towards Florida, and I can only imagine not only the natural damage left in its wake, but the hopelessness many will feel…