As always a great discussion with @WeTheBrandon !!!!
youtube.com/live/vSYwC7LkoiM…
Thank you @MarioNawfal !!
Ray Zucaro retweeted
Airlines are bracing for years of pain.
“Inflation will make people poor,” one airline executive said per FT.
what I wrote on Friday!
JetBlue Creditors Call In Restructuring Advisers As Stock, Bonds Crater zerohedge.com/markets/jetblu…
Ray Zucaro retweeted
Chinese crude oil imports are set to hit their higher level since pulling back through the Iran War right in time for the US Midterm elections.
Funny, that.
Spirit Airlines filed for Chapter 11 on August 29th, cited reason; rising fuel costs.
Below is the chart of JetBlue airlines debt:
@WeTheBrandon
***WTI is up 14.82% month-to-date.***
Winning?
But wait, China had the property bubble!
Ray Zucaro retweeted
Thursday's 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.
Ray Zucaro retweeted
#China has burned through much of a petrochemicals glut built up by years of overproduction as the US-Iran war chokes oil flows, setting the stage for higher prices for an array of industrial materials.
The squeeze is most acute in the so-called aromatics chain and the downstream products made from these chemicals, according to JPMorgan Chase & Co. and commodities data provider ICIS. That includes rubber for car tires and electrical insulation, resins, and plastic bottles, as well as various paints and coatings. #oott bloomberg.com/news/articles/…
Ray Zucaro retweeted
US To Release Heating Oil Reserve In Northeast To Lower Prices zerohedge.com/energy/us-rele…
Ray Zucaro retweeted
U.S. TAPS EMERGENCY DIESEL RESERVE AS PRICES HIT $6.32
The Trump administration will release 315,000 barrels from the Northeast's 1 million-barrel heating oil reserve as diesel prices surge ahead of the midterm elections.
Diesel now averages $6.32 per gallon, according to AAA, amid disruptions linked to the Iran war.
Deliveries are expected by November 13.
The key takeaway: Washington is tapping emergency fuel supplies to ease pressure from soaring energy costs.
Sept 30th WTI price $90.42
WTI price 10/20 $107.50
Month-to-date change 18.88% higher
How do you expect future CPI and PPI to look?
*Two weeks till Mid-term elections...
Ray Zucaro retweeted
BREAKING: America’s $1.7 trillion auto loan market is headed for a crash, per Reuters.
Auto loans are now one of the biggest sources of household debt, bigger than credit cards.
And the strain is showing: 1 in 5 Americans is behind on at least one loan, the highest since 2010, and the average car on the road is now nearly 13 years old, a record.
Ray Zucaro retweeted
Qatar's Government Revenue Plunges 42% In First Half As Iran War Knocks Out Gas Exports zerohedge.com/geopolitical/q…
