Thursday morning #headlines recap
Editor’s note: a lot of today’s news involves hyperventilation about the Fauci nothingburger. That topic was sufficiently identified for its fake and gay nature yesterday, so no further reports are needed today.
US strikes Iran overnight after Jordan base attack; residential areas hit. CENTCOM ran fighter-jet and ATACMS strikes (fired from Kuwait) against southern/western Iran, hitting Sirik, Nurabad and Qeshm. Tasnim reported a residential area struck on Qeshm Island; a Tehran-side account says a father, mother and 2-year-old were killed there, two children wounded. Trigger was an IRGC ballistic-missile attack on the US Muwaffaq Salti base in Jordan, all reportedly intercepted. Reports of all inbound missiles being intercepted was already deboonked yesterday.
Saudi-US joint strikes pounded Iran-backed PMF in Iraq, killing 20+; an Iraqi source puts it at 23 killed, 32 wounded. Iraq's president rejected use of its territory and called the strikes a sovereignty violation. Iraqi resistance factions gave the government a one-week deadline (to Aug 6) to respond on how they will react to US aggression.
CSIS (Center for Strategic and International Studies) estimates US Patriot inventory has fallen from 2,330 pre-war to under 830 (≥65% below February), THAAD ≥38% below. CENTCOM's Cooper reportedly pitched a 10-14 day campaign to reduce future interceptor demand; the Joint Chiefs' Caine warns the shortage argues against it. Lockheed just got a Patriot contract worth up to $58.6B to rebuild stockpiles. The US would have to stop using them for years in order for Lockheed to catch up and restock.
China set to deliver up to 400 shoulder-fired air-defense launchers (QW-12/FN-16, ~$60-70M) to Iran within weeks. It’s looking more and more like a world war, isn’t it?
Iran rejected Oman's 50-50 Hormuz plan and asserted sole authority over "safe" transit lanes. Trump reportedly erupted at national-security officials who "can't agree on strategy”. They can’t agree on strategy because Fat Orange Retard has put them in an absolute no-win situation.
Roughly 8 commodity vessels crossed Hormuz Tuesday vs ~125/day pre-war; product tightness is masking a crude-supply shut-in as tankers can't load. WTI spiked ~8% above $86 on Trump's "hitting them hard” statement; Brent ~$91.
Eni and TotalEnergies approved a new Cypriot gas route into Europe through Damietta on Tuesday. On Wednesday a drone hit the American-owned LNG floating storage facility moored in that port. The target was not the pipeline and not the export plant. It was the backup. In a related bit of slightly good news, Qatar sent its first LNG cargo through Hormuz in three weeks — using the Iran-designated corridor, transponder on.
Russia hit Kiev, Lviv, Ivano-Frankivsk, Rivne, Kryvyi Rih and Odessa-region ports, targeting drone/missile production. Ukraine's Air Force claims interception of 54 of 61 cruise missiles and 265 of 284 drones, but only one of nine ballistics and none of four Zircons. In the process, a Kh-101 impacted eastern Poland (~90 km from the border); Warsaw scrambled jets and called air alerts. Until further notice all interception claims are assumed to be fake and gay.
Odessa blockade is costing Ukraine ~$70M/day in idle exports; three ports handle ~$70M/day and two-thirds of H1 exports went through Greater Odessa. 70 million a day? That’s chump change compared to the power of the EU and US money printers…
Fed holds 9-3, guidance gone, 30Y screams policy error. Warsh held at 3.50-3.75% for a 5th straight meeting; Hammack, Kashkari and Logan dissented for a hike — first 3-way same-direction dissent since 2016. Finbros feel free to add your analysis in the comments…
KOSPI back-to-back circuit breakers; SK Hynix posts record quarter and still drops ~17%. Korea has fallen ~40% in 40 days, ~$2T erased, its worst month ever — past the 1997 and 2008 crises. Local traders reportedly lost 56 trillion won (~$38.7B) on leveraged products. Patrick Boyle says the market is being driven by Korean retail investors (collectively know as The Ants) that are willing to take on enormous risk: “When the ordinary ladder to the middle class has been pulled up out of reach, gambling on markets stops feeling like the reckless option and starts feeling like the only option. If the sensible, patient strategy has a payoff of approximately zero, the reckless one doesn't have to look good.” Full video here: youtube dot com/watch?v=nJtL9MBVj48
German auto giant BMW is planning to slash some 8,000 jobs globally by the end of 2027. Porsche announced plans to eliminate another 5,000 jobs by 2035, bringing its total planned reduction to around 9,400 positions. Its parent company, Volkswagen, is considering slashing up to 100,000 jobs. Wasted money on electrification delusions + importing countless brown savages = economic disaster.
Blood markers found in victims of THE GOYBEAM. nitter dot space/LenBerMd/status/2038707976530256251
FCC: Ban on Foreign-Made Robots Includes Robot Vacuums. Ban only affects new models which are not already being imported. Those robot vacuums are a surveillance wet dream…
Miriam Adelson’s Boeing 767 N804MS spotted sitting on the runway with TPUSA plane N102DZ sitting right beside it. Apparently this has happened more than once. Just a coincidence anon, you know all those rich people travel in the same circles…
Migrants storm EU border: Thousands charge up beaches and climb over fences to force their way into Spanish enclave as it declares ‘total emergency.’ There is only one solution at this point…
A family needed an antibiotic for their kid but the price with their insurance was $2,500 for 14 tablets; the price for this exact same antibiotic at a self-pay pharmacy that doesn’t accept insurance was only $18. We’re gonna need a lot more Luigis. Also, for those interested the pharmacy is forestparkpharmacy dot com
Have a good day frens… I’ll be on the lookout for good news headlines and collecting bits for tomorrow’s report…
BealtaineGoat 