GOLD PRICE CLOSED DOWN $6.50 TO $2639.50

SILVER PRICE DOWN $0.33 TO $31.17

Gold ACCESS CLOSED $2632.00

Silver ACCESS CLOSED: $31.16

Bitcoin morning price:$63,783 DOWN 2141 DOLLARS.

Bitcoin: afternoon price: $63362 up 2662 DOLLARS

Platinum price closing DOWN $34.35TO $973,00

Palladium price; DOWN $32.15 TO $986.25

END

*CANADIAN GOLD: $3560.65 DOWN 36.32 CDN dollars per oz( * NEW ALL TIME HIGH 3,599.30CDN DOLLARS PER OZ//SEPT 26 2024)

*BRITISH GOLD: 1,968.25 DOWN 19.31 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1996.53 RITISH POUNDS/OZ) SEPT 25/2024

*EURO GOLD: 2,364.05 DOWN 16.90Euros per oz //* (ALL TIME CLOSING HIGH: 2.390.55 EUROS PER OZ//SEPT 25//.2024)

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END

EXCHANGE: COMEX

XCHANGE: COMEX
CONTRACT: OCTOBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,644.300000000 USD
INTENT DATE: 09/27/2024 DELIVERY DATE: 10/01/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

072 C GOLDMAN 110
099 H DB AG 718
118 C MACQUARIE FUT 553
118 H MACQUARIE FUT 593
132 C SG AMERICAS 10 7
152 C DORMAN TRADING 4
190 H BMO CAPITAL 5258
323 C HSBC 640
332 H STANDARD CHARTE 2214
363 H WELLS FARGO SEC 287
435 H SCOTIA CAPITAL 707
523 C INTERACTIVE BRO 2
624 H BOFA SECURITIES 3770
657 C MORGAN STANLEY 38 302
661 C JP MORGAN 410
661 H JP MORGAN 792
685 C RJ OBRIEN 2
690 C ABN AMRO 77
726 C PLUS500US FINAN 3
737 C ADVANTAGE 33
878 C PHILLIP CAPITAL 3
905 C ADM 2 17

---

TOTAL: 8,276 8,276
MONTH TO DATE: 8,276

---

JPMorgan stopped 1202/8276

GOLD: NUMBER OF NOTICES FILED FOR OCT/2024. CONTRACT: 8276 NOTICES FOR 827,600 OZ  or  25.24 TONNES

total notices so far: 8276 contracts for 827,600Oz (25.74 tonnes)

FOR  OCT

SILVER NOTICES: 1065 NOTICE(S) FILED FOR 5.325 MILLION OZ/

total number of notices filed so far this month : 1065 for 5.325 million oz

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GLD/

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL

THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.

WITH GOLD DOWN $6.50 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 5.18 TONNES OF GOLD FROM THE GLD/

/ /INVENTORY RESTS AT 871.94 TONNES

INVENTORY RESTS AT 871.94 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN $0.33 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.094 OZ INTO THE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 470.566MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A TINY SIZED 12 CONTRACTS TO 146,775 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS TINY LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUGE LOSS OF $0.58 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING. WE LOST ZERO NET LONGS WITH THE LOSS IN PRICE. WE HAD A GOOD GAIN OF 362 TOTAL CONTRACTS ON OUR TWO EXCHANGES. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS AS WELL AS MONTH END SPREADER LIQUIDATION. //. WE HAD ATTEMPTED SHORT COVERING BY OUR SPECS WITH THE LOSS IN PRICE DURING THE COMEX TIME ZONE..  WE HAD A FAIR 350 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUGE 735 CONTRACT T.A.S ISSUANCE WHICH IS BEING USED IN FRIDAY’S RAID. IN ESSENCE WE GAINED A  GOOD GAIN 362 CONTRACTS ON OUR TWO EXCHANGES DESPITETHE LOSS IN PRICE

PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN YESTERDAY. THE ACCUMULATED T.A.S. IS BEING USED TO MANIPULATE PRICES AT THE COMEX NOW EVERY DAY..

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON FRIDAY NIGHT: 735 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS BUT TO NO AVAIL. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.

WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.58 BUT WERE UNSUCCESSFUL IN KNOCKING ANY NET SILVER LONGS FROM THEIR PERCH AS HAVING A GOOD GAIN OF 362 TOTAL OI CONTRACTS ON OUR TWO EXCHANGES

WE HAD A FAIR 350 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.355 MILLION OZ (FIRST DAY NOTICE)

//NEW STANDING FOR SILVER//OCT AT 5.355 MILLION OZ

WE HAD:

/ TINY SIZED COMEX OI LOSS//FAIR SIZED EFP ISSUANCE/ VI)  HUGE SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 735CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 318 CONTRACTS.

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS SEPT, ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF SEPT

TOTAL CONTRACTS for 20 DAYS, total 22,483contracts:   OR 112.415 MILLION OZ  (1124 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  112.415  MILLION OZ

LAST 23 MONTHS TOTAL EFP CONTRACTS ISSUED  IN MILLIONS OF OZ:

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: MILLION OZ 140.120

SEPT. 28.230 MILLION OZ//

OCT:  94.595 MILLION OZ

NOV: 131.925 MILLION OZ

DEC: 100.615 MILLION OZ

YEAR 2022:

 JAN 2022-DEC 2022

JAN 2022//  90.460 MILLION OZ

FEB 2022:  72.39 MILLION OZ//

MARCH 2022: 207.140  MILLION OZ//A NEW RECORD FOR EFP ISSUANCE

APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE

MAY: 105.635 MILLION OZ//

JUNE: 94.470 MILLION OZ

JULY : 87.110 MILLION OZ

AUGUST: 65.025 MILLION OZ

SEPT. 74.025 MILLION OZ///FINAL

OCT.  29.017 MILLION OZ FINAL

NOV: 134.290 MILLION OZ//FINAL

DEC, 61.395 MILLION OZ FINAL

TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)

JAN 2023///   53.070 MILLION OZ //FINAL

FEB: 2023:       100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.

MARCH 2023:  112.58 MILLION OZ//FINAL//STRONG ISSUANCE

APRIL  111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)

MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)  

JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH

JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)

AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD

SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)

OCT: 97.455 MILLION OZ

NOV.  50.050 MILLION OZ 

DEC. 66.140 MILLION OZ//

TOTAL 2023: 1,104.10 MILLION OZ/

JAN ’24 : 78.655 MILLION OZ//

FEB /2024 : 66.135 MILLION OZ./FINAL

MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.

APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RD HIGHEST EVER RECORDED FOR A MONTH)

MAY: 135.995 MILLION OZ  //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)

JULY: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)

AUGUST; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.

SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

RESULT: WE HAD A TINY SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF  12 CONTRACTS DESPITE OUR HUGE LOSS IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,.  THE CME NOTIFIED US THAT WE HAD A FAIR EFP ISSUANCE  CONTRACTS:1140 ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX TO LONDON  AS FORWARDS.  WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR OCT OF  5.355 MILLION  OZ ON FIRST DAY NOTICE

//NEW TOTAL STANDING FOR OCT AT 5.355 MILLION OZ 

WE HAVE A GOOD GAIN OF 362 OI CONTRACTS ON THE TWO EXCHANGES DESPITE OUR LOSS IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG SIZED 735 CONTRACTS (USED FOR TODAY’S RAID),//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY NIGHT + MONTH END SPREADER LIQUIDATION AND THIS CONTINUED ONTO FRIDAY’S TRADING////// MASSIVE ATTEMPTED SHORT COVERING FROM OUR SPEC SHORTS WITH THE LOSS IN PRICE FRIDAY/ AND ZERO LIQUIDATION OF LONGS. ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS.

THE NEW TAS ISSUANCE FRIDAY NIGHT   (2261) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//

WE HAD  1065 NOTICE(S) FILED TODAY FOR 5,325,000 OZ

THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST LOST BY A STRONG SIZED 6324 OI CONTRACTS  TO 544,026 AND FURTHER DROM THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED 277 CONTRACTS//

WE HAD A STRONGSIZED DECREASE  IN COMEX OI (6324 CONTRACTS) OCCURRED WITH OUR LOSS OF $26.50 IN PRICE /FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR OCT AT 33.655 TONNES ON FIRST DAY NOTICE FOLLOWED

NEW STANDING ADVANCES TO  33.655TONNES

/ ALL OF THIS HAPPENED WITH OUR  $26.50 LOSS IN PRICE  WITH RESPECT TO FRIDAY’S COMEX TRADING//RAID//. WE HAD A FAIR SIZED GAIN OF 934 OI CONTRACTS (2.909 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK. THE HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE FRIDAY MORNING THURSDAY’S TENDERING OF CONTRACTS AND THIS CONTINUED LATE FRIDAY WITH FRIDAY TENDERING

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS SIZED 7258 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 544,313

IN ESSENCE WE HAVE A SMALL SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 934 CONTRACTS  WITH 6324 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 7258 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 934 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUGE SIZED 3610 CONTRACTS, WE HAD A HUGE MASS LIQUIDATION OF T.A.S CONTRACTS PLUS MONTH END SPREADERS/WEDNESDAY AND THAT CONTINUED ON THURSDAY AND FRIDAY.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (7258 CONTRACTS) ACCOMPANYING THE STRONG SIZED DECREASE IN COMEX OI OF 6324 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 934 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT  ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR OCT 33.651TONNES FOLLOWED

//NEW STANDING ADVANCES TO: /SEPT 33.655 TONNES. 

 / 3) HUGE T.A.S. LIQUIDATION (DURING COMEX PLUS SPREADER LIQUIDATION) WITH ZERO NET LONG SPECS BEING CLIPPED,

  4)  STRONG SIZED COMEX OPEN INTEREST DECREASE 5)  HUMONGOUS ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///HUGE T.A.S.  ISSUANCE: 3610 T.A.S.CONTRACTS

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY

SEPT.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF OCT :

TOTAL EFP CONTRACTS ISSUED: 107,736CONTRACTS OF 10,773,600OZ OR 335.104TONNES IN 20 TRADING DAY(S) AND THUS AVERAGING: 5288 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 20TRADING DAY(S) IN  TONNES  335. 104 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  335 DIVIDED BY 3550 x 100% TONNES = 8.89% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023

JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

 FEB  :  171.24 TONNES  ( DEFINITELY SLOWING DOWN AGAIN)..

MARCH:.   276.50 TONNES (STRONG AGAIN/

APRIL:      189..44 TONNES  ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV:           312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC.           175.62 TONNES//FINAL ISSUANCE//

TOTALS: 2,578.08 TONNES/2021

JAN:2022   247.25 TONNES //FINAL

FEB:           196.04 TONNES//FINAL

MARCH/2022:  409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.

APRIL:  169.55 TONNES (FINAL VERY  LOW ISSUANCE MONTH)

MAY:  247.44 TONNES FINAL//

JUNE: 238.13 TONNES  FINAL

JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD

AUGUST: 180.81 TONNES FINAL

SEPT. 193.16 TONNES FINAL

OCT:  177.57  TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)

NOV.  223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)

DEC:  185.59 tonnes // FINAL

TOTAL: 2,847,25 TONNES/2022

JAN 2023:    228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!

FEB: 151.61 TONNES/FINAL

MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)

APRIL: 197.42 TONNES

MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)

JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)

JULY:  151.69 TONNES (WEAKER THAN LAST MONTH)

AUGUST:  195.28 TONNES (A STRONGER MONTH)//FINAL

SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)

OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.

NOV.   239.16 TONNES//WILL BE STRONG THIS MONTH,

DEC. 213.704 TONNES. A STRONG MONTH//

TOTAL FOR YEAR 2023: 2,569.57 TONNES VS  2578 TONNES LAST YEAR

JAN ’24:     291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)

FEB’24: 201.947 TONNES

MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.

APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)

MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.

JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS

JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III) 

AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.

SEPT: 33 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END UP WITH THE 3RD HIGHEST ISSUANCE EVER RECORDED.

SPREADING OPERATIONS

(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS

SPREADING LIQUIDATION HAS NOW COMMENCED   AS WE HEAD TOWARDS THE  NEW  ACTIVE FRONT MONTH OF SEPTEMBER. WE ARE NOW INTO THE SPREADING OPERATION OF  GOLD

HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE  NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF FEB., FOR  GOLD: AND MARCH FOR SILVER

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (OCT), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS.  ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM.  IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.

The crooks also use the spread in the TAS  account  (trade at settlement).  They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle  of the  front delivery month cycle. They unload the sell side of the equation, two months down the road.  The crooks violate position limits as the OCC refuse to hear our complaints.

First, here is an outline of what will be discussed tonight:

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FALL BY A TINY SIZED  12 CONTRACTS OI  TO 148,480 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 350 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

DEC 350 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 350 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI LOSS OF 12 CONTRACTS AND ADD TO THE 350 E.FP. ISSUED

WE OBTAIN A FAIR SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 362 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 2.81 MILLION OZ OCCURRED WITH OUR  $0.58 LOSS  IN PRICE  

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES

(Peter Schiff)

c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens

ii a) Chris Powell of GATA provides to us very important physical commentaries

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED UP 248.97 PTS OR 8.04%//Hang Seng CLOSED UP 501.38 PTS OR 2.43%

// Nikkei CLOSED DOWN 1910.06 PTS OR 4.80%//Australia’s all ordinaries CLOSED UP 0.73%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7,0121 CHINESE YUAN OFFSHORE CLOSED DOWN TO 6.9923 Oil DOWN TO 67.79dollars per barrel for WTI and BRENT DOWN AT 71.14 Stocks in Europe OPENED ALL RED

ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 6324 CONTRACTS TO 544,026 WITH OUR LOSS IN PRICE OF $26.50 WITH RESPECT TO FRIDAY’S TRADING. WE LOST ZERO IN NUMBER LONGS WITH THE LOWER PRICE FOR GOLD. WE ALSO HAD A HUGE NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (7258). THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THIS MONTH DISTORTS OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY WEDNESDAY THROUGH FRIDAY

THE FED IS THE MAJOR SHORT OF AROUND 157+ TONNES OF GOLD OWING TO THE B.I.S. THE FED NEEDS TO COVER AS THEY ARE VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES ONCE THE BRICS BEGIN THEIR INITIATIVE AND ABANDON THE US DOLLAR. THIS IS SCHEDULED TO HAPPEN LATE SEPT 2024/BEGINNING OF OCTOBER. THE FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE.THEY ARE TOTALLY TRAPPED.

OUR PHYSICAL LONDONERS ALSO BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT THESE PRICES AND THIS GOLD BOUGHT WILL BE TENDERED FOR PHYSICAL ON A T + 1 BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD MUST BE DELIVERED IN A VERY TIMELY ONE DAY. CENTRAL BANKS AROUND THE WORLD, BEING REPRESENTED BY OUR LONDONERS, ARE THE REAL PURCHASERS OF THIS GOLD.

WE HAD A  STRONG T.A.S. LIQUIDATION WITH FRIDAY’S LOSS IN PRICE WITH ZERO LONGS BEING CLIPPED (AS YOU WILL SEE BELOW) BUT WE DID HAVE MINOR ATTEMPTED SHORT COVERING AT LOWER PRICES. THE PROBLEM FOR THOSE PROVIDING THE SHORT PAPER IS THE SHOCK TO THEM ON RECEIVING NOTICE THAT THE LONGS WANT THE PHYSICAL GOLD AS THEY TENDER FOR THAT SHINY YELLOW METAL. THE HIGH LIQUIDATION OF THE SPREADERS // T.A.S DURING LAST WEEK AND THIS WEEK IS SURELY DISTORTING COMEX OPEN INTEREST ESPECIALLY YESTERDAY. TAS SHORTERS WERE JOINED IN TANDEM BY MONTH END SPREADER LIQUIDATION WITH RESPECT TO FRIDAY COMEX TRADING.

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW ENTERING INTO THE ACTIVE DELIVERY MONTH OF OCT.…  THE CME REPORTS THAT THE BANKERS ISSUED A  HUGE SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A HUGE SIZED 7258 EFP CONTRACTS WERE ISSUED: :  /DEC  7258 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 7258 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 934 CONTRACTS IN THAT 7258 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG LOSS OF 6324 COMEX  CONTRACTS..AND THIS GAIN  ON OUR TWO EXCHANGES HAPPENED DESPITE OUR STRONG LOSS IN PRICE OF $26.50 FRIDAY COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AS MENTIONED  ABOVE. THE ENTIRE LOSS IN OI COMEX WAS DUE TO T.A.S. LIQUIDATION/MONTH END SPREADER LIQUIDATION.

AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT A SMALL SIZED 589 CONTRACTS  WAS USED TO REPLENISH SUPPLIES.. ALMOST ALL OF THE TRADING AND SUPPLY OF CONTRACTS  WAS ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK)

THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS CONTINUE TO SELL OFF THE LONG SIDE OF THE SPREAD WHICH  OF COURSE CONTINUES TO MANIPULATE THE PRICE OF GOLD SOUTHBOUND. (THEY KEEP THE SHORT SIDE OF THE CALENDAR/T.A.S. SPREAD WHICH WILL BE LIQUIDATED IN DAYS HENCE//. IT SEEMS THAT OUR CROOKS ARE HAVING A HARD TIME TRYING TO CONTROL THE PRICE OF GOLD AND THUS THE NEED FOR STRONG T.A.S. ISSUANCE (AND SPREADERS LATE IN THE MONTH). THE USE OF T.A.S. IS OF EXTREME IMPORTANCE TO OUR CROOKS IN LAST WEEK’S AND THIS WEEK’S TRADING. OPTIONS EXPIRY CONCLUDES ON MONDAY FROM WHICH RAIDS WILL END FOR THE MONTH.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   OCT (33.651 TONNES) WHICH IS HUGE FOR OUR OCT DELIVERY MONTH.

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 44 MONTHS OF 2021-2024:

DEC 2021: 112.217 TONNES

NOV.  8.074 TONNES

OCT.    57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY 7.2814 TONNES

JUNE:  72.289 TONNES

MAY 5.77 TONNES

APRIL  95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

TOTAL  YEAR  2021 (JAN- DEC): 601.213 TONNES

YEAR 2022:

JANUARY 2022  17.79 TONNES

FEB 2022: 59.023 TONNES

MARCH: 36.678 TONNES

APRIL: 85.340 TONNES FINAL.

MAY: 20.11 TONNES FINAL

JUNE: 74.933 TONNES FINAL

JULY 29.987 TONNES FINAL

AUGUST:104.979 TONNES//FINAL

SEPT.  38.1158 TONNES

OCT:  77.390 TONNES/ FINAL

NOV 27.110 TONNES/FINAL

Dec. 64.000 tonnes

(TOTAL  YEAR 656.076 TONNES)

2023:

JAN/2023:    20.559 tonnes

FEB 2023: 47.744 tonnes

MAR:  19.0637 TONNES

APRIL: 75.676  tonnes

MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk =  20.338

JUNE: 64.354 TONNES

JULY: 10.2861 TONNES

AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)

SEPT: 15.281 TONNES FINAL

OCT.    35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes

NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK   = 34.9627 TONNES

DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK =  51.707 TONNES

TOTAL 2023 YEAR : 436.546 TONNES

2024

JAN ’24.      22.706 TONNES

FEB. ’24:  66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)

MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES

APRIL: 2024: 53.673TONNES FINAL

MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/PRIOR= 11.9325

JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022

JULY: 11.692 TONNES

AUGUST 69.602 TONNES//FINAL STANDING

SEPT. 13.164 TONNES.

OCT 33.651 TONNES

THE SPECS/HFT WERE  SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY  $26.50/)//BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE DID HAVE A FAIR GAIN IN OUR TWO EXCHANGES. WE HAD HUGE T.A.S. SPREADER LIQUIDATION FRIDAY ALONG WITH MONTH END SPREADER LIQUIDATION AND THAT NUMBER INTENSIFIED ON FRIDAY. BUT CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED FOR PHYSICAL IN A BIG WAY THURSDAY EVENING ONCE THE $2,600 PRICE LEVEL WAS PIERCED LAST FRIDAY AND $2650 GOLD BASICALLY HELD IN PRICE UNTIL TODAY

WE HAVE LOST A TOTAL OF 2.909 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR OCT (33.651TONNES) ON FIRST DAY NOTICE

//NEW STANDING FOR OCT 33.655TONNES.

NEW STANDING FOR OCT 33.655 TONNES 

ALL OF THIS WAS ACCOMPLISHED WITH OUR  LOSS IN PRICE  TO THE TUNE OF $26.50

WE HAVE REMOVED 277 CONTRACTS  FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 934 CONTRACTS OR 93400 OZ (2.909

TONNES)

confirmed volume FRIDAY 209.716 contracts FAIR

//speculators have left the gold arena

END

SEPT 30  SEPTEMBER  GOLD CONTRACT

/ /// THE OCT 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	.
Deposit to the Dealer Inventory in oz	64,8978.860 OZ dealer; ASAHI
Deposits to the Customer Inventory, in oz	202.370 oz DELAWARE
No of oz served (contracts) today	8276 notice(s) 827600 OZ 25.74TONNES
No of oz to be served (notices)	2543 contracts    254,300 OZ 87.909TONNES
Total monthly oz gold served (contracts) so far this month	8276 notices 827600 oz 25.74TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month	x

1 dealer deposits:

i) Into ASAHI: 64,897.860 oz

total dealer deposits:  64,897.860 oz oz

we have 1 customer deposits

i) Into Delaware: 200.32 oz

total deposits 200.32 oz

withdrawals: 0

TOTAL WITHDRAWALS: niloz

adjustments: nil

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR SEPTEMBER

For the front month of OCT: we have an oi of 10,819 contracts having LOST 2889 contracts.

So by definition, the initial amount of gold standing for gold in this small active delivery month of Oct is as follows:

10,819 notices x 100 oz per notice equals 1081900 oz or 33.651 tonnes

NOVEMBER GAINED 48 CONTRACTS TO STAND AT 1319

DECEMBER, THE BIGGEST DELIVERY MONTH LOST 5739 CONTRACTS TO 459,439

We had 8276 contracts filed for today representing 827600 oz  

This is a major assault on the comex for gold and this time it is physical that will be requested.

Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notice issued from their client or customer account. The total of all issuance by all participants equate to 8276 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 1202 notice(s) was (were) stopped  (received) by J.P.Morgan//customer account   

To calculate the INITIAL total number of gold ounces standing for OCT /2024. contract month, we take the total number of notices filed so far for the month (8276x 100 oz ) to which we add the difference between the open interest for the front month of  OCT(10,819C ONTRACTS)  minus the number of notices served upon today  (8276x 100 oz per contract( equals  1,081,900OZ  OR 33.651 ONNES.

thus the INITIAL standings for gold for the OCTOBER contract month:  No of notices filed so far (8276 x 100 oz +we add the difference for front month of OCT  (10,819 OI} minus the number of notices served upon today (8276x 100 oz which equals  1,081,900oz (33.651 TONNES) 

TOTAL COMEX GOLD STANDING FOR OCT.: 33.651 TONNES WHICH IS HUGE FOR THIS  NON ACTIVE DELIVERY MONTH IN THE CALENDAR. 

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COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 OZ PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,735.110.584 oz 53.96 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,242,364.177 OZ  

TOTAL REGISTERED GOLD 7,735,050.893/// 240.59 tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,506,707,284 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 5,999,940oz (REG GOLD- PLEDGED GOLD)= 186.62 tonnes //

END

SILVER/COMEX

SEPT 30  2024

INITIAL

//2024// THE OCT 2024  SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	973,195.741 OZ ASAHI CNT Manfra .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	600,814.890 oz Loomis
No of oz served today (contracts)	1065  CONTRACT(S)    (5.325 MILLION OZ)
No of oz to be served (notices)	6 contracts  (30,000oz)
Total monthly oz silver served (contracts)	1065 Contracts  (5.325 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : NIL oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  1 customer deposits:

i) INTO Loomis: 600,814.890 oz

total customer deposits 600,814.890 oz oz

We had 3withdrawals

i) Out of ASAHI. 103,637/500 oz

ii) Out of CNT: 254,861.841 oz

iii) Out of Manfra: 614,696.400 oz

total withdrawal 973,195.741 oz OZ

JPMorgan has a total silver weight: 134.996million oz/304.179million  or 44.39%

adjustment

1: CNT customer to dealer: 1,911,013.940 oz

TOTAL REGISTERED SILVER: 71.983MILLION OZ//.TOTAL REG + ELIGIBLE. 304.120million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR OCT

silver open interest data:

FRONT MONTH OF OCT /2024 OI: 1071 OPEN INTEREST

THUS BE DEFINITION THE INITIAL AMOUNT OF SILVER STANDING FOR DELIVERY IN THIS NON ACTIVE DELIVERY MONTH OF OCT IS AS FOLLOWS

1071 NOTICES X 5000 OZ PER NOTICE = 5.355 MILLION OZ

NOVEMBER SAW A GAIN OF 60 CONTRACTS TO STAND AT 408

DECEMBER SAW A LOSS OF 186 CONTRACTS UP TO 126,892 CONTRACTS

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1065 for 5.325 MILLION oz

CONFIRMED volume; ON WEDNESDAY 78,286 HUGE

To calculate the number of silver ounces that will stand for delivery in OCT we take the total number of notices filed for the month so far at 1065x 5,000 oz = 5.325MILLION oz 

to which we add the difference between the open interest for the front month of OCT (1071)and the number of notices served upon today 1065 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the OCT2024 contract month:  1065notices served so far) x 5000 oz + OI for the front month of OCT(1071number of notices served upon today minus (1065)x 5000 oz of silver standing for the SEPT  contract month equates to 5.355 MILLION OZ. 

 New total standing: 5.355 million oz.

There are 71.983 million oz of registered silver.

The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price on that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44.

Now that we have surpassed $28.40 the next big line in the sand for silver is $34.76. After that the moon

END

BOTH GLD AND SLV ARE MASSIVE FRAUDS!

GLD AND SLV INVENTORY LEVELS//

GLD

SEPT 30 WITH GOLD DOWN $6.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A WITHDRAWAL OF 5.18 TONNES OF GOLD FROM THE GLD// .///INVENTORY RESTS AT 871.94 TONNES

SEPT 27 WITH GOLD DOWN $26.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD .///INVENTORY RESTS AT 877,12 TONNES

SEPT 26 WITH GOLD UP $11.20 ON THE DAY; NO CHANGES IN GOLD AT THE GLD .///INVENTORY RESTS AT 877,12 TONNES

SEPT 25WITH GOLD UP $9.25 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD ./// /:// A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD//////INVENTORY RESTS AT 877,12 ONNES

SEPT 24WITH GOLD UP $23.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD ./// /:// //////INVENTORY RESTS AT 875.39 ONNES

SEPT 23 WITH GOLD UP $6.65 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1,43 TONNES OF GOLD INTO THE GLD../// /:// //////INVENTORY RESTS AT 875.39 ONNES

SEPT 20 WITH GOLD UP $32.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1,73 TONNES OF GOLD INTO THE GLD../// /:// //////INVENTORY RESTS AT 873,96ONNES

SEPT 19 WITH GOLD UP $17,05 ON THE DAY; NO CHANGES IN GOLD AT THE GLD/// /:// //////INVENTORY RESTS AT 872.23TONNES

SEPT 18 WITH GOLD UP $5.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD/// /:// //////INVENTORY RESTS AT 872.23TONNES

SEPT 17WITH GOLD DOWN $15.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A HUGE DEPOSIT OF 1.52 TONNES INTO THE GLD /:// //////INVENTORY RESTS AT 872.23TONNES

SEPT 16 WITH GOLD DOWN $1.25 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:// //////INVENTORY RESTS AT 870,71 TONNES

SEPT 13  WITH GOLD UP $30.45 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD /:/A DEPOSIT OF 14.54TONNES OF GOLD VAPOUR INTO THE GLD/ //////INVENTORY RESTS AT 870,71 TONNES

SEPT 12  WITH GOLD UP $37.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD /:/A DEPOSIT OF 1.74 TONNES OF GOLD INTO THE GLD/ //////INVENTORY RESTS AT 866.18 TONNES

SEPT 11  WITH GOLD DOWN $0.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD /:/A DEPOSIT OF 1.70 TONNES OF GOLD INTO THE GLD/ //////INVENTORY RESTS AT 864.44 TONNES

SEPT 10   WITH GOLD UP $12.00ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 9 WITH GOLD UP $12.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 6 WITH GOLD DOWN $17.65 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 5 WITH GOLD UP $18.00 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 4 WITH GOLD UP $3.45 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 3 WITH GOLD DOWN $4.25 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 5,47 TONNES OF GOLD INTO THE GLD/:/ //////INVENTORY RESTS AT 862.74 TONNES

AUGUST 30 WITH GOLD DOWN $31.30 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.15 TONNES OF GOLD INTO THE GLD/:/ //////INVENTORY RESTS AT 857.27 TONNES

AUGUST 29 WITH GOLD UP $23.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:/ //////INVENTORY RESTS AT 856.12 TONNES

AUGUST 28 WITH GOLD DOWN $14.65 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:/ //////INVENTORY RESTS AT 856.12 TONNES

GLD INVENTORY: 871.94 TONNES, TONIGHTS TOTAL

SILVER

SEPT30 WITH SILVER DOWN $0.33 : HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.094 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 470.566MILLION OZ

SEPT27WITH SILVER DOWN $0.58 : HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.653 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 469.472MILLION OZ

SEPT26WITH SILVER UP $0.29 : NO CHANGES IN SILVER INVENTORY:/. /: .///./// /INVENTORY AT SLV 464.819 MILLION OZ

SEPT25WITH SILVER DOWN $0.26 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 2.281MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 464,819 MILLION OZ

SEPT24 WITH SILVER UP $1.26 : HUGE CHANGES IN SILVER INVENTORY:. A DEPOSIT OF 9,305 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 467,100 MILLION OZ

SEPT23 WITH SILVER DOWN $0.39 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.824MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 457.795MILLION OZ

SEPT20 WITH SILVER UP $0.08 : NO CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.46 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 459,619 MILLION OZ

SEPT19 WITH SILVER UP $0.85 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.46 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 459,619 MILLION OZ

SEPT18 WITH SILVER DOWN $0.29 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1,551 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 461.079 MILLION OZ

SEPT17 WITH SILVER DOWN $0.13 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWALOF 5.976 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 462MILLION OZ

SEPT16//WITH SILVER UP $0.10 : HUGE CHANGES IN SILVER INVENTORY:. ADEPOSIT OF 958,000 OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 468.606MILLION OZ

SEPT13//WITH SILVER UP $1.13/ NO CHANGES IN SILVER INVENTORY:./. /: .///./// /INVENTORY AT SLV 467.648MILLION OZ

SEPT 11//WITH SILVER UP $0.33/SMALL CHANGES IN SILVER INVENTORY: A HUGE DEPOSIT OF 2.099 MILLION OZ INTO THE SLV/ OZ OF SILVER FROM THE SLV./. /: .///./// /INVENTORY AT 467.648MILLION OZ

SEPT 10//WITH SILVER DOWN $.06/SMALL CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 639,000 OZ OF SILVER FROM THE SLV./. /: .///./// /INVENTORY AT 465.549MILLION OZ

SEPT 9//WITH SILVER UP $0.45//SMALL CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 46,000 OZ OF SILVER FROM THE SLV./. /: .///./// /INVENTORY AT 466.188 MILLION OZ

SEPT 6//WITH SILVER DOWN $.84//NO CHANGES IN SILVER INVENTORY /: .///./// /INVENTORY AT 466.234 MILLION OZ

SEPT 5//WITH SILVER UP $.55//SMALL CHANGES IN SILVER INVENTORY A WITHDRAWAL OF 0.193 MILLION OZ OF SILVER INTO THE SLV/: .///./// /INVENTORY AT 466.234 MILLION OZ

SEPT 4//WITH SILVER UP $.17//SMALL CHANGES IN SILVER INVENTORY A DEPOSIT OF 0.456 MILLION OZ OF SILVER INTO THE SLV/: .///./// /INVENTORY AT 466.427 MILLION OZ

SEPT 3//WITH SILVER DOWN $.74//HUGE CHANGES IN SILVER INVENTORY A DEPOSIT OF 1.278 MILLION OZ OF SILVER INTO THE SLV/: .///./// /INVENTORY AT 465.971 MILLION OZ

AUGUST30//WITH SILVER DOWN $.42//NO CHANGES IN SILVER INVENTORY: .///./// /INVENTORY AT 464.693 MILLION OZ

AUGUST 29//WITH SILVER UP $.37//SMALL CHANGES IN SILVER INVENTORY:A WITHDRAWAL OF 0.558 MILLION OZ OZ OUT OF THE SLV. .///./// /INVENTORY AT 464.693 MILLION OZ

AUGUST 28//WITH SILVER DOWN $0.76//HUGE CHANGES IN SILVER INVENTORY:A DEPOSIT OF 2.301 MILLION OZ OZ OUT OF THE SLV. .///./// /INVENTORY AT 465.281 MILLION OZ

CLOSING INVENTORY 470.566MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

end

2. ALASDAIR MACLEOD/JIM RICKARDS/PAM AND RUSS MARTENS/ JAMES RICKARDS/ VON GREYERZ//GOLD AND SILVER COMMENTARY//BILL HOLTER:

Alasdair Macleod..

ted.

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Fed seen cutting rates another half percent in November

Submitted by admin on Sun, 2024-09-29 11:15 Section: Daily Dispatches

By Ann Saphir
Reuters
Friday, September 27, 2024

The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders bet today, after a government report showed U.S. inflation has cooled to a pace nearer to the central bank’s 2% goal.

Inflation by the Fed’s targeted measure, the year-over-year rise in the personal consumption expenditures price index, was 2.2% in August, the Commerce Department reported.

That’s in line with what Fed Chair Jerome Powell said he expected in a news conference after last week’s half-point cut. The big start to what’s expected to be further reductions in the policy rate ahead was aimed at bolstering what Fed policymakers see as a softening but still-solid labor market.

“If the Fed wants to cut by another 50 basis points in November, the inflation data isn’t going to stand in their way,” wrote Inflation Insights’ Omair Sharif after the report. “In fact, the faster inflation cools, the more impetus there is for them to move faster to get to neutral.”

Interest rate futures contracts now reflect a 54% chance of a half-point cut in November, versus a still-hefty 46% chance of a quarter-point cut. …

… For the remainder of the report:

https://www.reuters.com/markets/us/traders-bet-second-straight-50-bps-fed-rate-cut-november-2024-09-27/

end

Tanzania orders gold miners and dealers to reserve 20% for central bank to buy

Submitted by admin on Sat, 2024-09-28 22:42 Section: Daily Dispatches

By Nuzulack Dausen
Reuters
Saturday, September 28, 2024

DAR ES SALAAM, Tanzania — Tanzania’s mining regulator has ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank to bolster the bank’s move to diversify its foreign reserves.

The central bank, the Bank of Tanzania, began buying gold from local traders and miners in the last financial year that ended in June to boost its reserves amid depreciation pressure on the local currency, the shilling.

In the 12 months to June, the central bank bought 418 kilograms of gold to beef up its reserves and in the current financial year it intends to buy 6 metric tons of gold.

The regulator, the Tanzania Mining Commission, said late Friday in a statement that the directive will take effect effectively on Oct. 1 as part of a newly enacted mining law. …

… For the remainder of the report:

https://www.reuters.com/world/africa/tanzania-orders-gold-dealers-reserve-20-purchase-by-cbank-2024-09-28/

end

Ghana central bank launches gold coin to boost savings

Submitted by admin on Sat, 2024-09-28 13:49 Section: Daily Dispatches

By Ekow Dontoh
Bloomberg News
Friday, September 27, 2024

https://www.bnnbloomberg.ca/business/2024/09/27/ghana-central-bank-launches-new-gold-coin-to-boost-savings/

Ghana has launched a new gold coin to help it manage money-market liquidity while boosting domestic savings.

The coin, made from gold mined in Ghana, Africa’s biggest producer of the metal, has been refined to 99.99% purity, Bank of Ghana Governor Ernest Addison today told reporters in the capital, Accra. Issued and guaranteed by the central bank, the coin comes in three sizes — 1 ounce, half ounce, quarter ounce, he said.

The Ghana gold coin enables the Bank of Ghana to mop up excess liquidity in the banking sector and will supplement the bank’s bills for liquidity management,” Addison said. “It gives those resident in Ghana an additional avenue to invest to reap the benefits of the Bank of Ghana’s domestic gold-purchase program.”

The coins will be available in the next two weeks through commercial banks to be bought in cedis and priced on the basis of London Bullion Market Association auction price, he said, adding that the gold complies with the central bank’s responsible gold sourcing rules.

The central bank has bought 65.4 tons of gold valued at roughly $5 billion since it started a domestic gold purchase program in June 2021 to augment foreign reserves and increase gold holdings, as well as implementing a so-called gold-for-oil program, Addison said last month.

end

Rick Mills: Gold repatriation shifting from north to south

Submitted by admin on Sat, 2024-09-28 13:41 Section: Daily Dispatches

By Rick Mills
Ahead of the Herd, Prince George, British Columbia, Canada
Saturday, September 28, 2024

In 2017 Germany brought home nearly $31 billion of gold bars that had been stored in New York and Paris after World War II. The Financial Times gives a good account of how Germany amassed, lost and then got its gold back:

Hyperinflation during the Weimar Republic of the 1920s had citizens piling near-worthless Deutschemarks into wheelbarrows just to buy bare necessities. During the Second World War Nazi Germany looted about 4 tonnes of gold and stored it in the Reichsbank. But in 1948 the allies recovered it and gave it back to its rightful owners, leaving Germany’s bullion vaults bare. 

It wasn’t long, however, until Germany was again in a position to buy gold. The Wirtschafswunder — economic miracle — of the 1950s and ’60s allowed West Germany to stockpile large amounts of gold. Under the Bretton Woods system of fixed exchange rates, Germany could use dollars, earned by successful export businesses that traded them in for marks, to buy gold at $35 an ounce. 

The country managed to accumulate over 1,500 tonnes in the decades that followed. However, this gold was not considered safe, with the Bundesbank in Frankfurt only about 100 kilometers from Soviet-controlled East Germany, as told by the FT. It therefore made sense to store its gold in Paris, London or New York. After the fall of communism in 1991, that rationale disappeared. 

In 2019 other countries in Europe wanted their gold back. …

… For the remainder of the analysis:

Gold repatriation shifting from north to south – Richard Mills

* * *

https://www.ft.com/content/4edf00ee-a43c-11e7-8d56-98a09be71849

Perhaps no other country (except maybe Zimbabwe) understands the value of bullion as a store of value than Germany.

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/KINESIS 1

5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES:SUGAR

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING/MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED UP 248.97 PTS OR 8.04%//Hang Seng CLOSED UP 501.38 PTS OR 2.43%

// Nikkei CLOSED DOWN 1910.06 PTS OR 4.80%//Australia’s all ordinaries CLOSED UP 0.73%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7,0121 CHINESE YUAN OFFSHORE CLOSED DOWN TO 6.9923 Oil DOWN TO 67.79dollars per barrel for WTI and BRENT DOWN AT 71.14 Stocks in Europe OPENED ALL RED

ONSHORE USA/ YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER

1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM

ONSHORE YUAN:   CLOSED DOWN TO 7.0128

OFFSHORE YUAN: DOWN TO 6.9928

SHANGHAI CLOSED CLOSED UP 248.97 PTS OR 8.04%

HANG SENG CLOSED CLOSED 501.38 PTS OR 2.43%

2. Nikkei closed DOWN 1910;02 POINTS OR 4.80%

3. Europe stocks   SO FAR:  ALL RED

USA dollar INDEX DOWN TO  99.87 EURO RISES TO 1.1193 UP 35 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.861 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 142.42…… JAPANESE YEN NOW RISING AS WE HAVE NOW REACHED THE COLLAPSING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA

3c Nikkei now  ABOVE 17,000

3d USA/Yen rate now well ABOVE the important 120 barrier this morning

3e Gold DOWN /JAPANESE Yen UP CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN

3f Japan is to buy INFINITE  TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA

Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.

3g Oil UP for WTI and DOWN FOR UP this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.1390Italian 10 Yr bond yield DOWN to 3.4680 SPAIN 10 YR BOND YIELD DOWN TO 2.937

3i Greek 10 year bond yield DOWN TO 3.108

3j Gold at $2641.50 /Silver at: 31.28  1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 1 AND 17/100  roubles/dollar; ROUBLE AT 93.19

3m oil into the 67 dollar handle for WTI and  71 handle for Brent/

3n Higher foreign deposits moving out of China//  huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 142.42  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.861% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.8431 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9437  well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

USA 10 YR BOND YIELD: 3.769 UP 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.107 UP 1 BASIS PTS/

USA 2 YR BOND YIELD:  3.694 UP 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.18…

10 YR UK BOND YIELD: 4.0360 UP 0 PTS

10 YR CANADA BOND YIELD: 2.956 DOWN 6 BASIS PTS

5 YR CANADA BOND YIELD: 2.737 DOWN 6 PTS.

2a New York OPENING REPORT

US Futures, European Markets Slide Even As China Soars Most Since 2008

Monday, Sep 30, 2024 – 08:21 AM

US equity futures reversed earlier gains and are now down at session lows, tracking European market weakness as we close the quarter even as Chinese stocks have their best day since Sept 19, 2008. As of 8:00am, S&P futures are down 0.2% after last week’s record highs on Wall Street, while both Nasdaq (-0.4%) and Russell (-0.6%) underperform pre-market with Mag7 names lower ex-AAPL and TSLA, and semis weaker with NVDA -1.8% as traders look forward to Friday’s jobs data and its impact on Federal Reserve interest-rate cuts. Treasury yields climbed 2-4bps, led by the policy-sensitive two-year note, the USD is weaker though. Commodities are mixed with base metals the standout, moving higher on the China trade while oil tumbles as the usual (record) shorters emerge in force despite epic chaos in the Middle East. This heavy data week kicks off with regional indicators and 2x Fed speakers. As JPM notes, economic strength with a Fed tailwind pushed markets to shrug off both negative seasonality and JPY carry unwind. But given the reflationary China growth reboot, can positive US data push this trend into Oct/Nov, or do we see Election uncertainty/vol spike create another downdraft before rallying into year-end as concerns emerge about the Fed’s easing cycle when overlaid on China’s historic stimulus bazooka? This week’s data may help answer those questions, but the medium-term trend appears to be higher.

In premarket trading, US-listed Chinese stocks rallied – again – after the latest steps by authorities to boost the economy which included step by three of the country’s largest cities easing rules for homebuyers. The moves come after China’s policymakers unveiled aggressive home stimulus to prop up the beleaguered real estate sector. Alibaba (BABA) +4%, Nio (NIO) +13%, Bilibili +8%. Here are some other premarket movers:

• AT&T gains less than 1% after agreeing to sell its majority stake in DirecTV to private equity firm TPG Inc. for $7.6 billion in cash.
• CVS Health Corp. rises 2% as the Wall Street Journal reported that Glenview Capital Management plans to meet Monday with CVS management to propose ways for the health-care company to improve its operations.
• Gogo gains 2% after the in-flight broadband company agreed to buy Satcom Direct.
• EchoStar, which owns Dish, rises 3%% after DirecTV and Dish agreed to combine in a deal that will create the biggest pay-TV provider in the US.
• Stellantis drops 13% after slashing its forecasts for the year, citing plans to lower production and spend more on promotional incentives in a slowing and more competitive auto market.

Last week, US data bolstered bets for further interest-rate cuts by the Fed and investors will be tuning in for remarks by Fed Chair Jerome Powell on Monday when he takes the stage at a National Association for Business Economics conference. Further out, the US jobs print on Friday could decide whether last week’s risk—on rally can extend. A strong reading might lead to a rotation toward stocks with weaker earnings, according to Goldman strategists.

A positive report may prompt some investors to “price lower odds of substantial labor market weakening,” leading them to “rotate out of expensive ‘quality’ stocks into less-loved lower quality firms,” the team led by David Kostin wrote.

As they prepare for the US data to gauge the outlook for Fed rate cuts, investors must also ponder a cocktail of risks, including rising tensions in the Middle East. The record-setting rally in stocks will also be tested by third-quarter corporate results set to kick off in mid-October.

Political developments in Europe provide an additional layer of complexity. Austria’s traditional political powers are pledging to block the far-right Freedom Party from forming a government following Sunday’s national elections that resulted in its historic victory.

“Right now, we see an improvement in sentiment, which is driven by more stringent action that we see in China — that is good news for the European equity markets,” Marcus Poppe, co-head of European equities at DWS Investment, said in an interview with Bloomberg TV. “But I would caution against expecting that we will see in three-four weeks companies saying: ‘China is picking up.’”

It wasn’t good enough on Monday, however, and unlike the boiling euphoria in China, Europe started the week on the back foot with the Euro Stoxx 50 down 0.9% after a series of profit warnings from major automakers. VW and Porsche warned on Friday after the close, followed by Stellantis and Aston Martin on Monday; the Stoxx autos index is down 3.9%. Auto names had benefited from the rotation into cyclical over the past two weeks, but the warnings highlight the risk of blindly jumping into pockets of consumer-exposed names when trends show no signs of improvement.  IBEX is flat but outperforms peers, CAC 40 lags, dropping 1.4%. Autos, construction and real estate are the worst-performing sectors. China proxies are seeing support after Hong Kong closed 2.5% higher and CSI300 was up 8.5%, the biggest one day gains since Sept 19, 2008! Iron ore is up 10% supporting mining stocks. France is still weak as the government weighs taxes on corporates earning and higher taxes on share buybacks. Meanwhile concerns of stagflation in Germany, the euro area’s largest economy, and inflation accelerating on a monthly basis in its states prompt traders to trim bets on an ECB interest-rate cut in October. Here are the biggest European movers:

• Stellantis shares fall as much as 14% in Milan to their lowest since October 2022 after the carmaker slashed its profit margin forecast for the year, citing US costs and a slowing and more competitive auto market.
• Aston Martin shares fall as much as 28%, the biggest drop in more than four years, after the luxury carmaker reduced its outlook, warning annual adjusted Ebitda will be lower than last year and scrapping its aim to deliver positive free cashflow in the second half.
• Volkswagen shares fall as much as 3.1% after the German carmaker posted its second profit warning in three months, citing weakening demand for its cars.
• Rightmove falls as much as 5.3%, the most since Sept. 3, after the property listings website said it has rejected a fourth bid from REA and now urges the Rupert Murdoch-owned group  to submit “a best and final proposal” ahead of Monday’s deadline at 5 p.m. UK time.
• Smiths slides as much as 2.7% after being downgraded by analysts at Barclays, who believe the engineering company boasts less attractive fundamentals over its UK peers.
• Ocado shares rise as much as 4.1% after BofA Global Research reinstated coverage of the online grocer with a buy rating given the growth potential of the company’s retail and tech solutions businesses.
• Hensoldt shares rise as much as 4.7% after analysts at both Kepler Cheuvreux and Deutsche Bank upgraded the company, which makes sensors and other equipment for the defense industry.

UBS’ European trading desk writes that it is 60/40 better to sell with hedge funds balanced and long-only accounts 60/40 sellers. They are busiest in miners and markedly better to buy after the rally in China. There are sellers of industrial and consumer discretionary on the back of the autos profit warnings. Clients are active in food and beverages ahead of a few pre-close calls. There are balanced flows in financials and slightly better buyers in consumer staples.

Europe’s downbeat start was in contrast to the mood in China, where the CSI 300 Index jumped as much as 9.1%, the most since 2008, fueled by the stimulus package. The policy steps also buoyed European mining and luxury stocks.

In retrospect, our Sept 21 call that it was “time for China to turn on the printing press” was well-timed.

Taking a broader look at the region, Asian stocks fell amid a selloff in Japan as investors fretted over a surprise outcome in the ruling party’s leadership race, offsetting the optimism in Chinese markets. The MSCI Asia Pacific Index dropped as much as 1.3%, with TSMC and Toyota Motor among the biggest drags. Benchmarks in Japan slumped more than 3% in delayed reaction to the surge in the  yen following the LDP election outcome last Friday, while those in Taiwan and Korea fell more than 2% after declines in US tech shares on Friday.

The losses in Japan came after Shigeru Ishiba’s victory wrongfooted investors, forcing them to pare positions that had been built on speculation that Sanae Takaichi would become the nation’s new prime minister and encourage the Bank of Japan to keep interest rates low.

As noted above, shares in China bucked the region’s trend ahead of a weeklong holiday. The CSI 300 Index soared the most since 2008 and entered a bull market, as sentiment got another boost from further government stimulus. Three of the nation’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The Hang Seng China Enterprises Index rose for the 12th session.

“Regional allocations may be adjusted to favor China, particularly as Japanese equities face pressure due to rising yen strength following Ishiba’s victory in the LDP election,” said Derek Tay, head of investments at Kamet Capital Partners.

In FX, the Bloomberg Dollar Spot Index is steady. CHF and JPY are the weakest performers in G-10 FX, AUD and DKK outperform.

In rates, treasuries bear-flattened, with front-end yields cheaper by around 4bp on the day, following similar front-end-led selloff in bunds after September German regional CPIs. US long-end yields cheaper by only about 0.5bp, with 10-year around 3.77%, cheaper by about 1.5bp, front-end-led losses flatten 2s10s, 5s30s spreads by 2bp-3bp on the day. Gilts in the sector lag by 0.5bp while bunds outperform slightly amid concerns of stagflation in Germany, and inflation accelerating on a monthly basis in its states prompt traders to trim bets on an ECB interest-rate cut in October. Focal points of US session include comments from Fed Chair Powell in the afternoon, while month-end flow has potential to support long-end of the curve. Month-end Treasury index rebalancing at 4pm New York time will extend its duration by an estimated 0.06 year

In commodities, Crude erases gains, with WTI drifting lower to around $68. Spot gold falls roughly $8 to trade near $2,650/oz. Most base metals trade in the green. Bitcoin drops.

Looking at today’s calendar, US economic data calendar includes September MNI Chicago PMI (9:45am, several minutes earlier to subscribers) and September Dallas Fed manufacturing activity (10:30am). Fed speakers scheduled include Governor Bowman (8:50am) as well as Powell’s address at the National Association for Business Economics conference in Nashville (1:55pm, text and Q&A expected).

Market Snapshot

• S&P 500 futures little changed at 5,786.50
• STOXX Europe 600 down 0.7% to 524.30
• MXAP down 1.0% to 195.26
• MXAPJ up 0.1% to 620.73
• Nikkei down 4.8% to 37,919.55
• Topix down 3.5% to 2,645.94
• Hang Seng Index up 2.4% to 21,133.68
• Shanghai Composite up 8.1% to 3,336.50
• Sensex down 1.3% to 84,474.63
• Australia S&P/ASX 200 up 0.7% to 8,269.83
• Kospi down 2.1% to 2,593.27
• German 10Y yield little changed at 2.17%
• Euro up 0.3% to $1.1192
• Brent Futures up 0.7% to $72.49/bbl
• Gold spot down 0.1% to $2,654.93
• US Dollar Index little changed at 100.28

Top Overnight News

• Japan’s incoming PM, Shigeru Ishiba, said the BOJ needs to maintain an accommodative monetary policy. Nikkei
• China’s PBOC told the country’s commercial banks to begin lowering interest rates on all existing housing loans, the latest stimulus measure unveiled by the gov’t following a firehose of actions in the last week. WSJ  
• China’s NBS manufacturing PMI wasn’t as bad as feared, but the Sept data out Sun night in aggregate pointed to ongoing subdued economic conditions, justifying the recent stimulus measures announced by the gov’t. BBG
• Israel bombed the center of Beirut, killing three Palestinian militants, Lebanon’s state-media reported, while Hamas said the head of its Lebanese branch died in a strike. They follow the killing of Hezbollah’s chief last week. BBG
• Germany’s gov’t will cut its forecast for economic growth in the country this year to (at best) zero (down from +0.3%). France could impose a temporary corporate tax hike on the country’s biggest companies, along with a tax on buybacks. BBG / RTRS
• The European Union is planning to vote Oct. 4 on whether to impose tariffs as high as 45% on imported electric vehicles made in China, according to people familiar with the matter. BBG
• Dock workers along the East and Gulf Coasts look increasingly likely to strike in the coming week, injecting significant uncertainty into the economy ahead of the holiday season. WaPo
• OpenAI is seeing explosive revenue growth (it forecasts $3.7B in sales this year, $11.6B in 2025, and ~$100B in 2029), but its costs are surging too (the company expects to lose ~$5B this year, and that doesn’t even include equity-based compensation for employees). NYT
• Boeing’s union said contract talks w/the aerospace giant have broken off after mgmt. failed to “engage substantively” on critical issues like higher pay and pensions. BBG

A more detailed look at global markets courtesy of Newsquawk

APAC stocks were mixed heading into month-end amid the backdrop of recent geopolitical escalation and as participants digested a slew of data releases, as well as China’s latest support efforts and Japan’s leadership transition. ASX 200 was led by outperformance in the commodity-related sectors as oil and metal prices benefitted from geopolitics and China’s policy announcements. Nikkei 225 suffered heavy losses amid a firmer JPY following Ishiba’s victory against Abe protege Takaichi in the LDP leadership race, while the data releases from Japan were mixed with a steeper-than-expected drop in Industrial Production but Retail Sales topped forecasts. Hang Seng and Shanghai Comp rallied ahead of National Day Golden Week holiday closures despite mixed PMI data from China with advances led by strength in property developers after the PBoC instructed banks to lower interest rates on existing mortgages and lower downpayments, while some Chinese cities also eased home purchase restrictions. Furthermore, the mainland index is on course for its largest gain since 2015 and is set for a bull market after China’s latest policy announcements and the PBoC’s Monetary Policy Committee quarterly meeting where it pledged several supportive efforts

Top Asian News

• PBoC’s Monetary Policy Committee held its third-quarter meeting and stated that China’s economy still faces challenges such as insufficient demand and weak social expectations, while it added that it must accurately and effectively implement prudent monetary policy, as well as pay more attention to counter-cyclical adjustments. PBoC said it must focus on expanding domestic demand, boosting confidence and promoting a sustained recovery in the economy. Furthermore, it is to maintain a reasonable abundance in liquidity, guide reasonable credit growth, support banks to supplement capital, support the reduction of interest rates on existing mortgages and promote the stable and healthy development of the real estate market, according to Reuters,
• PBoC said all commercial banks must in batches lower interest rates on all existing mortgages by October 31st to no less than 30bps below the PBoC’s Loan Prime Rate, while it said the adjusted mortgage rates in some Chinese cities including Beijing, Shanghai and Shenzhen must not be less than the floor of their existing rates. Furthermore, Guangzhou city announced to lift all restrictions on home purchases, while Shanghai and Shenzhen announced to ease restrictions on home purchases by non-local buyers and cut the minimum downpayment ratio to no less than 15%, according to Reuters.
• PBoC injected CNY 182bln via 7-day reverse repos on Sunday with the rate lowered to 1.50% (prev. 1.70%) and injected CNY 212.1bln via 7-day reverse repos on Monday with the rate kept at 1.50%.
• China’s MOFCOM said it will further improve policy targetedness and effectiveness, as well as improve the consumption structure and focus on fostering new consumption business, while it will promote the steady growth of foreign trade business.
• China’s Finance Ministry said state-owned firms’ August YTD profits fell 2.1% Y/Y.
• Japan’s Finance Minister post is likely to go to former Chief Cabinet Secretary Kato and the Foreign Minister position is likely to go to former Defence Minister Iwaya, while the Defence Minister post in the new cabinet is likely to go to former Defence Minister General Nakatani, according to Japanese press. It was also reported that newly elected ruling LDP leader Ishiba is considering a plan to conduct a Lower House election on October 27th.
• Japanese ruling LDP executive said incoming PM Ishiba proposed lower house election to be held on October 27th and to dissolve parliament October 9th

European bourses, Stoxx 600 (-0.7%) are modestly lower across the board and to varying degrees, with sentiment in the region failing to piggy-back off China’s performance but instead focusing on escalating geopolitics, profit warnings, and upcoming risk events such as Friday’s NFP. European sectors are mostly negative; Basic Resources remain aflaot, given the strength in metals prices. Autos is by far the  clear laggard after a myriad of guidance cuts today; Stellantis (-12.9%), Aston Martin (-27.5%) and Volkswagen (-2.7%) all slip. As a reminder, Mercedes-Benz (-1.7%) and BMW (-1.9%) both lowered forecasts already earlier in the month. US Equity Futures (ES U/C, NQ -0.1%, RTY -0.3%) are flat/subdued on month end, with traders keeping an eye on this week’s risk events including Fed Chair Powell today, US ISMs throughout the week, and US NFPs on Friday. Bytedance, the owner of TikTok, reportedly plans a new AI model built with Huawei’s Ascend 910B chips, according to sources; Bytedance is NVIDIA’s (NVDA) largest customer for H20 AI chips tailored for the Chinese market.

Top European News

• Germany is reportedly poised to abandon forecasts for economic growth this year, according to Bloomberg sources; Germany forecasts economic stagnation this year at most
• Former UK PM Sunak urged for the Tories to unite behind who succeeds him as party leader and warned that the party risks marginalisation if divisions persist, according to FT.
• Far-right Freedom Party of Austria was projected to be first in the Austrian parliamentary election with 29.3%, while the ruling conservatives are seen at 25.3% and social democrats at 20%. Furthermore, Austria’s Chancellor and conservative leader Nehammer conceded that his party failed to catch up with the far-right freedom party in the election and said talks between the parties are important once the final election result is in, while the far-right party leader Kickl said they are ready to lead a government.
• ECB’s Stournaras said that based on the most recent data for inflation and the real economy, he finds it reasonable to proceed with a 25bps cut in October, or risk inflation falling below target, according to an FT interview.
• EU is to continue China EV talks even after final vote on its proposal to impose final import tariffs on Chinese EVs, via Reuters citing sources.

FX

• USD is softer vs. cyclically-exposed peers and firmer vs. havens. Incremental US developments have been lacking since Friday’s PCE report with markets instead looking ahead to a slew of upcoming data releases, including the key NFP report. DXY is in a 100.17-48 range and within Friday’s 100.15-88 parameters.
• EUR is marginally firmer vs. the USD but unable to reclaim 1.12 status which was lost late last week on account of soft inflation prints from Spain and France. Today’s German Regional CPI figures have thus far painted a picture of cooling Y/Y inflation, but had little impact on the Single-Currency. EUR/USD is tucked within Friday’s 1.1124-1.1203 range.
• GBP is firmer vs. the USD with Cable just about making its way back onto a 1.34 handle after venturing as high as 1.3433 last week. Downward revisions to Q2 GDP metrics had little follow-through into the market. BoE’s Greene is due after-hours.
• JPY is a touch softer vs. the USD in the wake of mixed data from Japan overnight. Broader focus for the JPY is on the fallout from Friday’s LDP leadership race, with the victory of Ishiba viewed as a hawkish outcome. USD/JPY is currently trading towards the bottom end of today’s 141.66-142.95 range.
• Antipodes are top of the leaderboard as the positivity surrounding China continues to reverberate around the market. As such, AUD/USD has printed another YTD peak at 0.6941

Fixed Income

• USTs are currently scaling back some of the post-PCE upside seen on Friday with not a great deal of fresh US drivers over the weekend. NFP will likely be the highlight for the week given the Fed’s increased focus on the employment side of its mandate. As it stands, markets currently see the November meeting as a near-enough coinflip between a 25 or 50bps reduction. Dec’24 USTs are currently contained within Friday’s 114.08-25 range.
• Bunds showing similar price action to other global peers by scaling back some of the ground made on Friday, which was driven in part by soft regional inflation metrics from Spain and France ahead of the German release today and EZ-wide metric tomorrow. Regional CPIs for Germany have thus far painted a picture of cooling Y/Y inflation. Dec’24 Bunds have returned to a 135 handle but are contained within Friday’s 134.31-135.19 range.
• Gilts are also on the backfoot with not much in the way of notable UK newsflow with downward revisions to Q2 GDP metrics having little follow-through into the market. BoE’s Greene (voted for a hold in August and September) is due to speak afterhours.

Commodities

• Crude oil was initially on a firmer footing, but has since slipped since the European cash open and slowly drifted into negative territory. Price action today is focused on continued industrial commodities tailwinds from Chinese stimulus coupled with escalating geopolitics after Israel’s assassination of Hassan Nasrallah; on which, Bloomberg suggested Iran will try to transfer thousands of fighters to the border areas between Lebanon and Syria. Brent Dec trades in 71.24-72.79/bbl confines.
• Subdued trade in the precious metals complex despite the escalating geopolitical tensions, but still within contained parameters thus far in the run-up to risk events this week including Fed Chair Powell, ISM PMIs, and the US jobs reports. XAU resides within an USD 2,647.33-2,666.05/oz range.
• Base metals are firmer but off best levels as the optimism from Chinese stimulus is somewhat hampered by a broader cautious tone across markets.
• Russian Deputy PM Novak said Middle East geopolitical risks are already priced in, and global oil prices will not fluctuate significantly, via Ria
• BSEE estimated about 3% (prev. 12%) of oil production and 1% (prev. 6%) of natural gas production in the Gulf of Mexico was shut-in on Sunday. It was also reported that the death toll from Helene reached 89 and North Carolina’s Governor said that almost 464k customers in the state remain without power.

Geopolitics: Middle East

• “Israeli Walla website: The Israeli army completes its preparations for the ground incursion into south Lebanon”, according to Sky News Arabia.
• “Iran will try to transfer thousands of fighters to the border areas between Lebanon and Syria”, via Al Jazeera citing Bloomberg.
• “Iranian Foreign Ministry said we will not send forces to help Hezbollah”, via Al Arabiya.
• “Reports of explosions in the Syrian capital, Damascus”, via Sky News Arabia
• Hezbollah Deputy chief said will confront any possibility and are ready if Israel decides to enter by land; Hezbollah forces are ready for a ground incursion; confident Israel will not achieve its aims
• “Israeli special forces have been carrying out small, targeted raids into southern Lebanon, gathering intelligence and probing ahead of a possible ground incursion that could come as soon as this week,” according to WSJ sources
• Israel conducted strikes on Lebanon’s capital of Beirut on Friday and targeted the headquarters of Hezbollah which killed Hezbollah leader Nasrallah.
• Israeli military said it struck dozens of Hezbollah terror targets in Lebanon including launchers that were aimed at Israeli territory, while it also announced that it killed senior Hezbollah figure Nabil Kaouk and the commander of Hezbollah’s southern front Ali Karaki.
• Israeli Walla website reports that Israeli forces are concentrated on the northern front and preparing for a ground invasion of Lebanon.
• Israeli military said sirens sounded in an area of Jerusalem following a launch from Lebanon towards Israeli territory on Saturday and reports noted that Hezbollah launched a new rocket attack on Israel after announcing the death of its leader and said the group is to continue its battle against Israel.
• Israeli military announced sirens sounded after a missile was fired from Yemen which was intercepted and Yemen’s Houthis said they fired a ballistic missile at Israel’s Ben Gurion Airport upon Israeli PM Netanyahu’s arrival, while it was also reported that the Israeli military conducted strikes on Houthi targets in Yemen on Sunday including a power plant and sea import used to import oil.
• Israeli army said it bombed dozens of rocket launchers and Hezbollah weapons storage buildings in eastern Bekaa, while the Popular Front for the Liberation of Palestine said three of its leaders were killed in an Israeli strike on Beirut.
• Israeli PM Netanyahu said on Saturday that Hezbollah’s Nasrallah was the main engine of Iran’s axis of evil and Nasrallah’s elimination was a necessary step towards changing the balance of power in the Middle East, while he added that their work is not done and there are challenging days ahead.
• Israel’s Defence Minister was reported to be holding talks on the expansion of IDF activities in the northern arena.
• Israel warned Lebanese air control that it would use force if an Iranian plane landed at Beirut Airport, while the Lebanese Transport Ministry asked the Iranian plane to stay away from Lebanese airspace and the plane obliged.
• Lebanon’s caretaker PM said that they have no option but the diplomatic option, while the Lebanese Information Minister said following a cabinet meeting that diplomatic efforts for a ceasefire are continuing. It was also reported that the head of the Lebanese government crisis cell said around 1mln Lebanese people have been displaced by Israel attacks.
• Lebanon’s top Christian cleric said Lebanon’s patriarch calls for diplomacy because war means all sides lose, while the top Christian cleric added that Nasrallah’s killing opened a wound in the hearts of the Lebanese and that the international community must work to stop the cycle of war, killing and destruction.
• Iran’s Supreme Leader Khamenei announced five days of mourning over the death of Hezbollah leader Nasrallah and said that Nasrallah’s blood will not go unavenged.
• Iran’s President Pezeshkian said Lebanese fighters should not be left alone so that Israel does not attack countries of the axis of resistance one after the other.
• Iran’s Foreign Minister Araqchi said the killing of the IRGC deputy commander Nilforoushan in Lebanon will not go unanswered, according to a statement.
• Iran called for a UN Security Council meeting on Israel’s actions in Lebanon and across the region, while it warned against any attack on its diplomatic premises and representatives. Furthermore, it was stated that Iran will not hesitate to exercise its inherent rights under international law to take every measure in the defence of its vital national and security interests, according to Iran’s UN mission.
• Iran’s parliament speaker Qalibaf said the resistance will continue confronting Israel with the help of Iran, according to state media.
• US President Biden said it is time for a ceasefire now and replied that they are responding when asked if the US would respond to missile attacks on US warships in the Red Sea. It was also reported that President Biden is reviewing the status of the US military force posture in the region and directed continued diplomatic efforts to coordinate with allies and partners and de-escalate the ongoing conflicts.
• US Defense Secretary Austin spoke with Israeli Defence Minister Gallant and expressed support for Israel’s right to defend itself against Iranian-backed terrorist groups, while Austin stressed the US is determined to prevent Iran and Iranian-backed partners and proxies from exploiting the situation or expanding conflict.
• US is to reinforce defensive air support capabilities in the coming days in the Middle East and Defense Secretary Austin has put other US forces on a heightened readiness to deploy. US also ordered the departure of certain US Embassy direct hire employees and their eligible family members from Lebanon.
• US Central Command said it conducted targeted strikes in Syria which killed 37 terrorist operatives including senior leaders of ISIS and Hurras Al-Din.
• China’s Foreign Ministry said China opposes any violation of Lebanon’s sovereignty and urges the parties concerned, especially Israel, to immediately cool the situation.

Geopolitics: Other

• UAE condemned a ‘heinous attack’ on UAE’s mission in Sudan’s Khartoum and said the attack was carried out by a Sudanese military aircraft.
• Russian forces took control over the settlement of Makiivka in eastern Ukraine’s Luhansk region, according to IFX.
• Russia’s Kremlin said amendments to Russia’s nuclear doctrine have been prepared and will now be formalised, according to RIA.
• Russian PM Mishustin will visit Iran on Monday and will meet with the Iranian President.
• China’s Foreign Minister Wang told the UN General Assembly that China is not throwing oil on fire or exploiting the situation for selfish gain by promoting Ukraine peace talks, while he also stated that the complete reunification of China will be achieved and that Taiwan will eventually return to the embrace of the motherland.
• North Korea said the US’s USD 8bln military aid to Ukraine is an incredible mistake, while it added that Ukrainian President Zelensky who called Pyongyang an accomplice in the Ukraine war is waging reckless political provocation, according to KCNA.
• South Korea’s Foreign Minister Cho said Russia is engaging in illegal arms trade with North Korea.

Economic Data

• 09:45: Sept. MNI Chicago PMI, est. 46.0, prior 46.1
• 10:30: Sept. Dallas Fed Manf. Activity, est. -10.3, prior -9.7

Central Banks

• 08:50: Fed’s Bowman Speaks on Economic Outlook, Policy
• 13:55: Fed’s Powell Speaks at NABE

Government:

• 10:30 a.m.: Joe Biden delivers remarks on response efforts to Hurricane Helene

DB’s Jim Reid concludes the overnight wrap

Welcome to the last day of the month and it’s a busy week ahead bookended with a Powell speech today and payrolls on Friday. Also key will be the flash CPIs from Germany and Italy (today), and the Eurozone (tomorrow), especially after weak numbers from France and Spain on Friday. This could tip the balance for an October ECB cut. Elsewhere the global reaction to the China stimulus blitz last week will stay ever present even if their golden week holiday starts tomorrow and we won’t see domestic markets open over the period. As you’ll see below investors are again scrambling to put on China risk this morning ahead of the holiday.

Let’s now go into detail on the main events ahead before summarising the rest of the week’s highlights. For payrolls, DB expect headline (150k forecast vs. 142k previously) and private (125k vs. 118k) payrolls to be slightly ahead of their 3-month averages of 116k and 96k, respectively. This is broadly in-line with consensus. DB expect the unemployment rate to round up to 4.3% on the back of a slight pick-up in participation (to 62.72%), but the risk is that it could remain at last month’s 4.2% reading which is in-line with consensus. There are plenty of other employment signals this week with the ISM surveys, ADP, claims and JOLTS tomorrow. The JOLTS report has historically had one of the most reliable longer-term correlations to the prevailing employment trends but is always lagging by a month. Last month the private sector hiring rate continued near 2014 lows (outside the pandemic) but lay-offs were also lower than any period prior to the pandemic. The private sector quits rate (2.3%), which my colleague Francis Yared places great significance on, is also back close to 2018 levels and he believes more consistent with an unemployment rate of 4.5% using historical correlations as your guide. In short the US labour market can be characterised by currently having relatively low hirings and very low firings. So this is why there is no current drama but why it’s wise to be on high alert. One small shock could move things very quickly. Equally a recovery in hiring could increase the gap between the two quite sharply. Interestingly the following month’s payrolls figures could be influenced by the Boeing strike in mid-September that we don’t think will influence Friday’s figures, and a potential dockworkers’ one from tomorrow.

The risk of lay-offs increasing and tipping the balance in the current labour market is why the FOMC recently opened up their account with a 50bps cut. Powell’s speech today will likely stick to his FOMC script but it’s fair to say that Fedspeak since the meeting has been more amenable to additional 50bps cuts than we’d thought they would be. We have another round of Fedspeak this week as you’ll see in the day-by-day calendar at the end so plenty of opportunity for that debate to move along even if the payrolls at the end of the week could have a bigger impact.

In Europe, today’s German and Italian CPI will take on added significance given how weak Friday’s French (1.5% YoY vs. 1.9% expected) and Spanish (1.7% YoY vs. 1.9% expected) numbers were. The Eurozone numbers come tomorrow. If these misses are repeated it probably forces the ECB to either lean towards 25bps next month or 50bps in December instead of 25bps. So important releases.

In terms of the rest of the week across the globe, the main highlights outside those already discussed are the Chicago PMI and Lagarde speech today, various global manufacturing PMIs and US ISM alongside the US Vice President debate and the Japanese tankan survey tomorrow, US ADP and Eurozone unemployment on Wednesday, and various global services PMIs and ISM and Eurozone PPI on Thursday. Outside of data a policy speech by French PM Barnier tomorrow will give clues to how the budget will materialise.

This morning, Asian equity markets have seen some big early moves. The Nikkei has dropped by -4.64% following Friday’s surprise selection of Shigeru Ishiba as the next prime minister, who has previously criticised the Bank of Japan’s loose policies. In contrast, stocks in mainland China are notching up a ninth day of gains ahead of a week long holiday tomorrow. The CSI is up by +5.84%, initially surging as much as +6.5%, the largest jump since 2015. The Shanghai Composite is also up by +5.28% with the Hang Seng +2.91% in early trading. Elsewhere the KOSPI is down by 0.88% and US futures are pretty flat.

Coming back to China, official factory activity slightly improved in September but stayed below 50 for a fifth consecutive month in September. This will be seen as backward looking now but for completeness, the manufacturing PMI came in at 49.8 in September (v/s 49.4 expected), up from 49.1 in August with the services PMI at 50.0 (v/s 50.4 expected), down from a level of 50.3 in the previous month. However, China’s Caixin PMI was 49.3 in September (v/s 50.5 expected), experiencing its sharpest contraction in 14 months. It followed a reading of 50.4 in August. The services Caixin PMI at 50.3 in September, was down from 51.6 in August.

Elsewhere, Japan’s industrial output in August fell -3.3% m/m, as significant miss compared to market expectations of a -0.5% decline and against an increase of +3.1% in July. On a brighter note, retail sales increased by +2.8% y/y in August, surpassing market forecasts of +2.6% y/y following an upwardly revised gain of +2.7% in July.

Turning to politics, Austria’s far-right Freedom Party achieved a landmark victory in the parliamentary election on Sunday, strengthening pro-Russian and anti-establishment movements in Central Europe. This marks the first far-right national parliamentary election victory in Austria since World War II. Preliminary official results showed that the Freedom party secured first place with 29.2% of the vote, while Chancellor Karl Nehammer’s Austrian People’s Party came in second with 26.5%. The center-left Social Democrats finished third with 21%. The outgoing government, a coalition between Nehammer’s party and the environmentalist Greens, lost its majority in the lower house of parliament. Despite the Freedom Party’s success, it seems unlikely that their leader, Herbert Kickl, will become the new leader, as he would need a coalition partner to achieve a parliamentary majority. Rivals have stated they will not collaborate with Kickl in government.

Looking back at last week now, risk assets surged as China’s stimulus announcements and positive US data led to renewed optimism about the global outlook. In fact, it was the strongest week for the Hang Seng since 1998, with a +13.00% advance over the week (+3.55% Friday). And for the CSI 300, it was its best week since 2008, with a +15.70% advance (+4.47% Friday). China-exposed stocks in the US and Europe did very well in response too.

In terms of those broader gains, the stimulus announcement meant the CAC 40 had its best weekly performance since March 2023 with a +3.89% gain (+0.64% Friday), aided by the luxury goods companies in the index. Copper was another beneficiary, posting its biggest weekly gain since May with a +7.43% advance (+0.40% Friday). And the major indices more broadly had a very strong week, as the STOXX 600 hit another all-time high thanks to a +2.69% gain last week (+0.47% Friday). The gains were more modest in the US, with the S&P 500 advancing by +0.62% (-0.13% Friday).

Sovereign bonds had a decent end to the week thanks to softer-than-expected inflation data on both sides of the Atlantic. As already discussed, the preliminary reading for French CPI fell to +1.5% in September on the EU-harmonised measure (vs. +1.9% expected), and the Spanish reading was down to +1.7% (vs. +1.9% expected). So that led to growing expectations that the ECB might deliver another cut at their October meeting, particularly after the weak flash PMIs at the start of the week. Over the course of the week, that saw investors dial up the chance of an October cut from 26% to 82%, so a significant move. And in turn, that led 10yr bund yields to fall -7.4bps last week (-4.9bps Friday). However, there were still several concerns about the fiscal situation in France, and the Franco-German 10yr spread widened +2.9bps last week to 79bps.

Over in the US, on Friday we got the August numbers for PCE inflation, which is the measure that the Fed officially targets. This came in slightly below expectations, with headline PCE inflation down to +2.2% year-on-year (vs. +2.3% expected), which is only just above the Fed’s 2% target, and the lowest reading since February 2021. Annual core PCE was in line with expectations at +2.7%, but with the monthly reading a touch lower at +0.1% (+0.13% unrounded vs. +0.2% expected). That helped the 10yr Treasury yield to fall back on Friday, although over the week as a whole it was still up +1.0bps (-4.5bps Friday). The other report of note on Friday was the University of Michigan’s final consumer sentiment index for September, which came in at a 5-month high of 70.1.

2B) European report

European autos hit hard after guidance cuts, geopolitical tensions remain high – Newsquawk US Market Open

MONDAY, SEP 30, 2024 – 04:59 AM

• European equities post losses to varying degrees, with autos hit after several guidance cuts; US equity futures are flat/subdued with the focus on Fed Chair Powell later.
• Dollar is slightly softer, Antipodeans benefit from the positivity surrounding China whilst the traditional havens CHF & JPY lag.
• Bonds are modestly softer to varying degrees; Bunds were not too reactive after the German Regional CPI metrics painted a picture of cooling Y/Y inflation ahead of the Nationwide figure at 13:00 BST / 08:00 EDT.
• Crude oil has pared initial gains and is now modestly lower as markets digest the recent geopolitical updates between Israel/Hezbollah; XAU is subdued whilst base metals benefit from the Chinese optimism.
• Looking ahead, German CPI, Chicago PMI, Speakers including ECB President Lagarde, Fed Chair Powell, Bowman, BoE’s Greene, Earnings from Carnival.

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EUROPEAN TRADE

EQUITIES

• European bourses, Stoxx 600 (-0.7%) are modestly lower across the board and to varying degrees, with sentiment in the region failing to piggy-back off China’s performance but instead focusing on escalating geopolitics, profit warnings, and upcoming risk events such as Friday’s NFP.
• European sectors are mostly negative; Basic Resources remain aflaot, given the strength in metals prices. Autos is by far the clear laggard after a myriad of guidance cuts today; Stellantis (-12.9%), Aston Martin (-27.5%) and Volkswagen (-2.7%) all slip. As a reminder, Mercedes-Benz (-1.7%) and BMW (-1.9%) both lowered forecasts already earlier in the month.
• US Equity Futures (ES U/C, NQ -0.1%, RTY -0.3%) are flat/subdued on month end, with traders keeping an eye on this week’s risk events including Fed Chair Powell today, US ISMs throughout the week, and US NFPs on Friday.
• Bytedance, the owner of TikTok, reportedly plans a new AI model built with Huawei’s Ascend 910B chips, according to sources; Bytedance is NVIDIA’s (NVDA) largest customer for H20 AI chips tailored for the Chinese market.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is softer vs. cyclically-exposed peers and firmer vs. havens. Incremental US developments have been lacking since Friday’s PCE report with markets instead looking ahead to a slew of upcoming data releases, including the key NFP report. DXY is in a 100.17-48 range and within Friday’s 100.15-88 parameters.
• EUR is marginally firmer vs. the USD but unable to reclaim 1.12 status which was lost late last week on account of soft inflation prints from Spain and France. Today’s German Regional CPI figures have thus far painted a picture of cooling Y/Y inflation, but had little impact on the Single-Currency. EUR/USD is tucked within Friday’s 1.1124-1.1203 range.
• GBP is firmer vs. the USD with Cable just about making its way back onto a 1.34 handle after venturing as high as 1.3433 last week. Downward revisions to Q2 GDP metrics had little follow-through into the market. BoE’s Greene is due after-hours.
• JPY is a touch softer vs. the USD in the wake of mixed data from Japan overnight. Broader focus for the JPY is on the fallout from Friday’s LDP leadership race, with the victory of Ishiba viewed as a hawkish outcome. USD/JPY is currently trading towards the bottom end of today’s 141.66-142.95 range.
• Antipodes are top of the leaderboard as the positivity surrounding China continues to reverberate around the market. As such, AUD/USD has printed another YTD peak at 0.6941
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• USTs are currently scaling back some of the post-PCE upside seen on Friday with not a great deal of fresh US drivers over the weekend. NFP will likely be the highlight for the week given the Fed’s increased focus on the employment side of its mandate. As it stands, markets currently see the November meeting as a near-enough coinflip between a 25 or 50bps reduction. Dec’24 USTs are currently contained within Friday’s 114.08-25 range.
• Bunds showing similar price action to other global peers by scaling back some of the ground made on Friday, which was driven in part by soft regional inflation metrics from Spain and France ahead of the German release today and EZ-wide metric tomorrow. Regional CPIs for Germany have thus far painted a picture of cooling Y/Y inflation. Dec’24 Bunds have returned to a 135 handle but are contained within Friday’s 134.31-135.19 range.
• Gilts are also on the backfoot with not much in the way of notable UK newsflow with downward revisions to Q2 GDP metrics having little follow-through into the market. BoE’s Greene (voted for a hold in August and September) is due to speak afterhours.
• Click for a detailed summary

COMMODITIES

• Crude oil was initially on a firmer footing, but has since slipped since the European cash open and slowly drifted into negative territory. Price action today is focused on continued industrial commodities tailwinds from Chinese stimulus coupled with escalating geopolitics after Israel’s assassination of Hassan Nasrallah; on which, Bloomberg suggested Iran will try to transfer thousands of fighters to the border areas between Lebanon and Syria. Brent Dec trades in 71.24-72.79/bbl confines.
• Subdued trade in the precious metals complex despite the escalating geopolitical tensions, but still within contained parameters thus far in the run-up to risk events this week including Fed Chair Powell, ISM PMIs, and the US jobs reports. XAU resides within an USD 2,647.33-2,666.05/oz range.
• Base metals are firmer but off best levels as the optimism from Chinese stimulus is somewhat hampered by a broader cautious tone across markets.
• Russian Deputy PM Novak said Middle East geopolitical risks are already priced in, and global oil prices will not fluctuate significantly, via Ria
• BSEE estimated about 3% (prev. 12%) of oil production and 1% (prev. 6%) of natural gas production in the Gulf of Mexico was shut-in on Sunday. It was also reported that the death toll from Helene reached 89 and North Carolina’s Governor said that almost 464k customers in the state remain without power.
• Click for a detailed summary

NOTABLE DATA RECAP

• German Baden-Wurttemberg State CPI MM (Sep) 0.1% (Prev. -0.3%); Baden-Wurttemberg State CPI YY (Sep) 1.4% (Prev. 1.5%)
• German Hesse State CPI YY (Sep) 1.2% (Prev. 1.5%); Hesse State CPI MM (Sep) 0.0% (Prev. -0.1%)
• German Saxony State CPI MM (Sep) 0.2% (Prev. -0.2%); Saxony State CPI YY (Sep) 2.4% (Prev. 2.6%)
• German North Rhine-Westphalia State CPI YY (Sep) 1.5% (Prev. 1.7%)
• German Bavaria State CPI MM (Sep) 0.1% (Prev. -0.1%); German Bavaria State CPI YY (Sep) 1.9% (Prev. 2.1%)
• German Brandenburg State CPI MM (Sep) 0.0% (Prev. -0.2%); Brandenburg State CPI YY (Sep) 1.4% (Prev. 1.7%)
• German Import Prices YY (Aug) 0.2% vs. Exp. 0.3% (Prev. 0.9%); Import Prices MM (Aug) -0.4% vs. Exp. -0.3% (Prev. -0.4%)
• UK GDP YY (Q2) 0.7% vs. Exp. 0.9% (Prev. 0.9%); GDP QQ (Q2) 0.5% vs. Exp. 0.6% (Prev. 0.6%)
• UK Business Invest QQ (Q2) 1.4% (Prev. -0.1%, Rev. 0.6%); Business invest YY (Q2) 0.2% (Prev. -1.1%, Rev. -1.8%)
• UK Nationwide house price YY (Sep) 3.2% vs. Exp. 2.7% (Prev. 2.4%); Nationwide house price MM (Sep) 0.7% vs. Exp. 0.2% (Prev. -0.2%)
• UK Current Acc GBP (Q2) -28.397B vs. Exp. -33.0B (Prev. -20.995B, Rev. -13.76B)
• UK Mortgage Lending (Aug) 2.861B GB vs. Exp. 2.8B GB (Prev. 2.786B GB, Rev. 2.796B GB) Mortgage Approvals (Aug) 64.858k vs. Exp. 64.0k (Prev. 61.985k, Rev. 62.496k); BOE Consumer Credit (Aug) 1.295B GB vs. Exp. 1.4B GB (Prev. 1.215B GB, Rev. 1.231B GB); M4 Money Supply (Aug) -0.1% (Prev. 0.3%)
• Swedish Retail Sales MM (Aug) 0.4% (Prev. 0.5%) Swedish Retail Sales YY (Aug) 0.5% (Prev. -0.5%)
• Swiss KOF Indicator (Sep) 105.5 vs. Exp. 101.0 (Prev. 101.6, Rev. 105.0)
• Italian Flash Trd Bal Non-EU (Aug) 2.69B (Prev. 6.04B)
• Italian Consumer Price Prelim MM (Sep) -0.2% vs. Exp. -0.1% (Prev. 0.2%); CPI (EU Norm) Prelim MM (Sep) 1.2% vs. Exp. 1.2% (Prev. -0.2%); CPI (EU Norm) Prelim YY (Sep) 0.8% vs. Exp. 1.0% (Prev. 1.2%); Consumer Price Prelim YY (Sep) 0.7% vs. Exp. 0.8% (Prev. 1.1%)

NOTABLE EUROPEAN HEADLINES

• Germany is reportedly poised to abandon forecasts for economic growth this year, according to Bloomberg sources; Germany forecasts economic stagnation this year at most
• Former UK PM Sunak urged for the Tories to unite behind who succeeds him as party leader and warned that the party risks marginalisation if divisions persist, according to FT.
• Far-right Freedom Party of Austria was projected to be first in the Austrian parliamentary election with 29.3%, while the ruling conservatives are seen at 25.3% and social democrats at 20%. Furthermore, Austria’s Chancellor and conservative leader Nehammer conceded that his party failed to catch up with the far-right freedom party in the election and said talks between the parties are important once the final election result is in, while the far-right party leader Kickl said they are ready to lead a government.
• ECB’s Stournaras said that based on the most recent data for inflation and the real economy, he finds it reasonable to proceed with a 25bps cut in October, or risk inflation falling below target, according to an FT interview.
• EU is to continue China EV talks even after final vote on its proposal to impose final import tariffs on Chinese EVs, via Reuters citing sources.

GEOPOLITICS

MIDDLE EAST – EUROPEAN MORNING

• “Israeli Walla website: The Israeli army completes its preparations for the ground incursion into south Lebanon”, according to Sky News Arabia.
• “Iran will try to transfer thousands of fighters to the border areas between Lebanon and Syria”, via Al Jazeera citing Bloomberg.
• “Iranian Foreign Ministry said we will not send forces to help Hezbollah”, via Al Arabiya.
• “Reports of explosions in the Syrian capital, Damascus”, via Sky News Arabia
• Hezbollah Deputy chief said will confront any possibility and are ready if Israel decides to enter by land; Hezbollah forces are ready for a ground incursion; confident Israel will not achieve its aims

MIDDLE EAST

• “Israeli special forces have been carrying out small, targeted raids into southern Lebanon, gathering intelligence and probing ahead of a possible ground incursion that could come as soon as this week,” according to WSJ sources
• Israel conducted strikes on Lebanon’s capital of Beirut on Friday and targeted the headquarters of Hezbollah which killed Hezbollah leader Nasrallah.
• Israeli military said it struck dozens of Hezbollah terror targets in Lebanon including launchers that were aimed at Israeli territory, while it also announced that it killed senior Hezbollah figure Nabil Kaouk and the commander of Hezbollah’s southern front Ali Karaki.
• Israeli Walla website reports that Israeli forces are concentrated on the northern front and preparing for a ground invasion of Lebanon.
• Israeli military said sirens sounded in an area of Jerusalem following a launch from Lebanon towards Israeli territory on Saturday and reports noted that Hezbollah launched a new rocket attack on Israel after announcing the death of its leader and said the group is to continue its battle against Israel.
• Israeli military announced sirens sounded after a missile was fired from Yemen which was intercepted and Yemen’s Houthis said they fired a ballistic missile at Israel’s Ben Gurion Airport upon Israeli PM Netanyahu’s arrival, while it was also reported that the Israeli military conducted strikes on Houthi targets in Yemen on Sunday including a power plant and sea import used to import oil.
• Israeli army said it bombed dozens of rocket launchers and Hezbollah weapons storage buildings in eastern Bekaa, while the Popular Front for the Liberation of Palestine said three of its leaders were killed in an Israeli strike on Beirut.
• Israeli PM Netanyahu said on Saturday that Hezbollah’s Nasrallah was the main engine of Iran’s axis of evil and Nasrallah’s elimination was a necessary step towards changing the balance of power in the Middle East, while he added that their work is not done and there are challenging days ahead.
• Israel’s Defence Minister was reported to be holding talks on the expansion of IDF activities in the northern arena.
• Israel warned Lebanese air control that it would use force if an Iranian plane landed at Beirut Airport, while the Lebanese Transport Ministry asked the Iranian plane to stay away from Lebanese airspace and the plane obliged.
• Lebanon’s caretaker PM said that they have no option but the diplomatic option, while the Lebanese Information Minister said following a cabinet meeting that diplomatic efforts for a ceasefire are continuing. It was also reported that the head of the Lebanese government crisis cell said around 1mln Lebanese people have been displaced by Israel attacks.
• Lebanon’s top Christian cleric said Lebanon’s patriarch calls for diplomacy because war means all sides lose, while the top Christian cleric added that Nasrallah’s killing opened a wound in the hearts of the Lebanese and that the international community must work to stop the cycle of war, killing and destruction.
• Iran’s Supreme Leader Khamenei announced five days of mourning over the death of Hezbollah leader Nasrallah and said that Nasrallah’s blood will not go unavenged.
• Iran’s President Pezeshkian said Lebanese fighters should not be left alone so that Israel does not attack countries of the axis of resistance one after the other.
• Iran’s Foreign Minister Araqchi said the killing of the IRGC deputy commander Nilforoushan in Lebanon will not go unanswered, according to a statement.
• Iran called for a UN Security Council meeting on Israel’s actions in Lebanon and across the region, while it warned against any attack on its diplomatic premises and representatives. Furthermore, it was stated that Iran will not hesitate to exercise its inherent rights under international law to take every measure in the defence of its vital national and security interests, according to Iran’s UN mission.
• Iran’s parliament speaker Qalibaf said the resistance will continue confronting Israel with the help of Iran, according to state media.
• US President Biden said it is time for a ceasefire now and replied that they are responding when asked if the US would respond to missile attacks on US warships in the Red Sea. It was also reported that President Biden is reviewing the status of the US military force posture in the region and directed continued diplomatic efforts to coordinate with allies and partners and de-escalate the ongoing conflicts.
• US Defense Secretary Austin spoke with Israeli Defence Minister Gallant and expressed support for Israel’s right to defend itself against Iranian-backed terrorist groups, while Austin stressed the US is determined to prevent Iran and Iranian-backed partners and proxies from exploiting the situation or expanding conflict.
• US is to reinforce defensive air support capabilities in the coming days in the Middle East and Defense Secretary Austin has put other US forces on a heightened readiness to deploy. US also ordered the departure of certain US Embassy direct hire employees and their eligible family members from Lebanon.
• US Central Command said it conducted targeted strikes in Syria which killed 37 terrorist operatives including senior leaders of ISIS and Hurras Al-Din.
• China’s Foreign Ministry said China opposes any violation of Lebanon’s sovereignty and urges the parties concerned, especially Israel, to immediately cool the situation.

OTHER

• UAE condemned a ‘heinous attack’ on UAE’s mission in Sudan’s Khartoum and said the attack was carried out by a Sudanese military aircraft.
• Russian forces took control over the settlement of Makiivka in eastern Ukraine’s Luhansk region, according to IFX.
• Russia’s Kremlin said amendments to Russia’s nuclear doctrine have been prepared and will now be formalised, according to RIA.
• Russian PM Mishustin will visit Iran on Monday and will meet with the Iranian President.
• China’s Foreign Minister Wang told the UN General Assembly that China is not throwing oil on fire or exploiting the situation for selfish gain by promoting Ukraine peace talks, while he also stated that the complete reunification of China will be achieved and that Taiwan will eventually return to the embrace of the motherland.
• North Korea said the US’s USD 8bln military aid to Ukraine is an incredible mistake, while it added that Ukrainian President Zelensky who called Pyongyang an accomplice in the Ukraine war is waging reckless political provocation, according to KCNA.
• South Korea’s Foreign Minister Cho said Russia is engaging in illegal arms trade with North Korea.

CRYPTO

• Bitcoin is softer and holds just above USD 64k; Ethereum posts losses to a similar magnitude.

APAC TRADE

• APAC stocks were mixed heading into month-end amid the backdrop of recent geopolitical escalation and as participants digested a slew of data releases, as well as China’s latest support efforts and Japan’s leadership transition.
• ASX 200 was led by outperformance in the commodity-related sectors as oil and metal prices benefitted from geopolitics and China’s policy announcements.
• Nikkei 225 suffered heavy losses amid a firmer JPY following Ishiba’s victory against Abe protege Takaichi in the LDP leadership race, while the data releases from Japan were mixed with a steeper-than-expected drop in Industrial Production but Retail Sales topped forecasts.
• Hang Seng and Shanghai Comp rallied ahead of National Day Golden Week holiday closures despite mixed PMI data from China with advances led by strength in property developers after the PBoC instructed banks to lower interest rates on existing mortgages and lower downpayments, while some Chinese cities also eased home purchase restrictions. Furthermore, the mainland index is on course for its largest gain since 2015 and is set for a bull market after China’s latest policy announcements and the PBoC’s Monetary Policy Committee quarterly meeting where it pledged several supportive efforts.

NOTABLE ASIA-PAC HEADLINES

• PBoC’s Monetary Policy Committee held its third-quarter meeting and stated that China’s economy still faces challenges such as insufficient demand and weak social expectations, while it added that it must accurately and effectively implement prudent monetary policy, as well as pay more attention to counter-cyclical adjustments. PBoC said it must focus on expanding domestic demand, boosting confidence and promoting a sustained recovery in the economy. Furthermore, it is to maintain a reasonable abundance in liquidity, guide reasonable credit growth, support banks to supplement capital, support the reduction of interest rates on existing mortgages and promote the stable and healthy development of the real estate market, according to Reuters,
• PBoC said all commercial banks must in batches lower interest rates on all existing mortgages by October 31st to no less than 30bps below the PBoC’s Loan Prime Rate, while it said the adjusted mortgage rates in some Chinese cities including Beijing, Shanghai and Shenzhen must not be less than the floor of their existing rates. Furthermore, Guangzhou city announced to lift all restrictions on home purchases, while Shanghai and Shenzhen announced to ease restrictions on home purchases by non-local buyers and cut the minimum downpayment ratio to no less than 15%, according to Reuters.
• PBoC injected CNY 182bln via 7-day reverse repos on Sunday with the rate lowered to 1.50% (prev. 1.70%) and injected CNY 212.1bln via 7-day reverse repos on Monday with the rate kept at 1.50%.
• China’s MOFCOM said it will further improve policy targetedness and effectiveness, as well as improve the consumption structure and focus on fostering new consumption business, while it will promote the steady growth of foreign trade business.
• China’s Finance Ministry said state-owned firms’ August YTD profits fell 2.1% Y/Y.
• Japan’s Finance Minister post is likely to go to former Chief Cabinet Secretary Kato and the Foreign Minister position is likely to go to former Defence Minister Iwaya, while the Defence Minister post in the new cabinet is likely to go to former Defence Minister General Nakatani, according to Japanese press. It was also reported that newly elected ruling LDP leader Ishiba is considering a plan to conduct a Lower House election on October 27th.
• Japanese ruling LDP executive said incoming PM Ishiba proposed lower house election to be held on October 27th and to dissolve parliament October 9th

DATA RECAP

• Chinese NBS Manufacturing PMI (Sep) 49.8 vs. Exp. 49.5 (Prev. 49.1)
• Chinese NBS Non-Manufacturing PMI (Sep) 50.0 vs. Exp. 50.4 (Prev. 50.3)
• Chinese NBS Composite PMI (Sep) 50.4 (Prev. 50.1)
• Chinese Caixin Manufacturing PMI (Sep) 49.3 vs. Exp. 50.5 (Prev. 50.4)
• Chinese Caixin Services PMI (Sep) 50.3 vs. Exp. 51.6 (Prev. 51.6)
• Chinese Caixin Composite PMI (Sep) 50.3 (Prev. 51.2)
• Japanese Industrial Production MM (Aug P) -3.3% vs. Exp. -0.9% (Prev. 3.1%)
• Japanese Retail Sales YY (Aug) 2.8% vs. Exp. 2.3% (Prev. 2.6%, Rev. 2.7%)
• New Zealand ANZ Business Confidence (Sep) 60.9% (Prev. 50.6%)
• New Zealand ANZ Activity Outlook (Sep) 45.3% (Prev. 37.1%)

2C ASIAN REPORT.

Asia-Pac stocks mixed; Nikkei suffered after Friday’s LDP elections while China rose on stimulus – Newsquawk Europe Market Open

MONDAY, SEP 30, 2024 – 01:22 AM

• APAC stocks were mixed heading into month-end amid the backdrop of recent geopolitical escalation and as participants digested a slew of data releases.
• Chinese PMI data was overall mixed but included a contraction in both official and Caixin Manufacturing PMIs.
• Reports suggest that Israeli forces are concentrated on the northern front and preparing for a ground invasion of Lebanon.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed higher by 0.7% on Friday.
• DXY is marginally softer, antipodeans lead across the majors, EUR/USD remains on a 1.11 handle, Cable is sub-1.34.
• Looking ahead, highlights include UK GDP, German Import Prices & Retail Sales, German State/Nationwide CPI, Italian CPI, Chicago PMI, Speakers including ECB President Lagarde, Fed Chair Powell, Bowman, BoE’s Greene.

SNAPSHOT

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US TRADE

EQUITIES

• US stocks finished mixed on Friday following PCE data which printed either in-line or softer-than-expected with a slowdown seen in the PCE Y/Y figure but was accompanied by a slight acceleration in Core PCE Y/Y. In terms of the major indices, the Nasdaq 100 was the underperformer as the tech sector was pressured by losses in Nvidia (NVDA)(-2.1%) after China urged local companies to stay away from its AI chips, although sectors closed predominantly in the green with Energy leading the advances as the crude complex was underpinned by the geopolitical risk premium after Israel bombed Hezbollah’s HQ in Beirut.
• SPX -0.13% at 5,738, NDX -0.53% at 20,009, DJIA +0.33% at 42,313, RUT +0.67% at 2,225.
• Click here for a detailed summary.

NOTABLE HEADLINES

• Fed’s Bowman (Voter) said on Friday that the data points to continued economic strength.
• Fed’s Musalem (Non-voter) said on Friday that the Fed should lower interest rates ‘gradually’, while he added the US economy could react “very vigorously” to looser financial conditions, stoking demand and prolonging the Fed’s mission to beat inflation back to 2%, according to FT.

APAC TRADE

EQUITIES

• APAC stocks were mixed heading into month-end amid the backdrop of recent geopolitical escalation and as participants digested a slew of data releases, as well as China’s latest support efforts and Japan’s leadership transition.
• ASX 200 was led by outperformance in the commodity-related sectors as oil and metal prices benefitted from geopolitics and China’s policy announcements.
• Nikkei 225 suffered heavy losses amid a firmer JPY following Ishiba’s victory against Abe protege Takaichi in the LDP leadership race, while the data releases from Japan were mixed with a steeper-than-expected drop in Industrial Production but Retail Sales topped forecasts.
• Hang Seng and Shanghai Comp rallied ahead of National Day Golden Week holiday closures despite mixed PMI data from China with advances led by strength in property developers after the PBoC instructed banks to lower interest rates on existing mortgages and lower downpayments, while some Chinese cities also eased home purchase restrictions. Furthermore, the mainland index is on course for its largest gain since 2015 and is set for a bull market after China’s latest policy announcements and the PBoC’s Monetary Policy Committee quarterly meeting where it pledged several supportive efforts.
• US equity futures (ES U/C) were contained and largely ignored the various moving parts driving the mixed price action in Asia.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.1% after the cash market closed higher by 0.7% on Friday.

FX

• DXY traded sideways amid a lack of pertinent catalysts from the US to start the week and as participants awaited the upcoming Fed speakers due later including Fed Chair Powell and dissenter Bowman, while ISM data and the latest NFP jobs report are also scheduled this week.
• EUR/USD lacked direction ahead of several inflation data releases from across the bloc, while there was some political uncertainty following the Austrian elections after the far-right FPO was projected to have finished first with 29.1% of the votes.
• GBP/USD conformed to the uneventful picture across the FX space amid light relevant newsflow and as final UK GDP data for Q2 looms.
• USD/JPY struggled to find composure after slumping on Friday in the aftermath of the LDP leadership election result but with the recovery severely limited after mixed Japanese Industrial Production and Retail Sales data.
• Antipodeans saw early upward momentum on the back of China’s latest policy support announcements and easing of home purchase restrictions, but then briefly faded some of the gains following the mixed Chinese PMI data which showed a contraction in factory activity.

FIXED INCOME

• 10yr UST futures traded lacklustre and took a breather after gaining on Friday alongside the ultimately mixed PCE data.
• Bund futures remained afloat but with the upside capped by resistance around the 135.00 level and as German inflation data looms.
• 10yr JGB futures languished near Friday’s worst levels after slumping in reaction to the LDP leadership result with prices also not helped by weaker results at the latest 2yr JGB auction.

COMMODITIES

• Crude futures were mildly underpinned amid the heightened geopolitical tensions after Israel’s strikes on Beirut which killed Hezbollah leader Nasrallah, while it also widened its assault on Iran-backed militants and struck targets in Yemen. However, the upside was capped after WTI stalled at resistance at the USD 69.00/bbl level and amid mixed Chinese PMI data including the contraction in both official and Caixin Manufacturing PMIs.
• BSEE estimated about 3% (prev. 12%) of oil production and 1% (prev. 6%) of natural gas production in the Gulf of Mexico was shut-in on Sunday. It was also reported that the death toll from Helene reached 89 and North Carolina’s Governor said that almost 464k customers in the state remain without power.
• Spot gold failed to sustain early gains with price action jittery but contained within Friday’s parameters.
• Copper futures were underpinned and iron ore futures in both China and Singapore saw early double-digit gains after China’s continued support efforts and the easing of homebuying restrictions by some key cities.

CRYPTO

• Bitcoin was gradually pressured overnight and retreated to beneath the USD 65,000 level.

NOTABLE ASIA-PAC HEADLINES

• PBoC’s Monetary Policy Committee held its third-quarter meeting and stated that China’s economy still faces challenges such as insufficient demand and weak social expectations, while it added that it must accurately and effectively implement prudent monetary policy, as well as pay more attention to counter-cyclical adjustments. PBoC said it must focus on expanding domestic demand, boosting confidence and promoting a sustained recovery in the economy. Furthermore, it is to maintain a reasonable abundance in liquidity, guide reasonable credit growth, support banks to supplement capital, support the reduction of interest rates on existing mortgages and promote the stable and healthy development of the real estate market, according to Reuters,
• PBoC said all commercial banks must in batches lower interest rates on all existing mortgages by October 31st to no less than 30bps below the PBoC’s Loan Prime Rate, while it said the adjusted mortgage rates in some Chinese cities including Beijing, Shanghai and Shenzhen must not be less than the floor of their existing rates. Furthermore, Guangzhou city announced to lift all restrictions on home purchases, while Shanghai and Shenzhen announced to ease restrictions on home purchases by non-local buyers and cut the minimum downpayment ratio to no less than 15%, according to Reuters.
• PBoC injected CNY 182bln via 7-day reverse repos on Sunday with the rate lowered to 1.50% (prev. 1.70%) and injected CNY 212.1bln via 7-day reverse repos on Monday with the rate kept at 1.50%.
• China’s MOFCOM said it will further improve policy targetedness and effectiveness, as well as improve the consumption structure and focus on fostering new consumption business, while it will promote the steady growth of foreign trade business.
• China’s Finance Ministry said state-owned firms’ August YTD profits fell 2.1% Y/Y.
• Japan’s Finance Minister post is likely to go to former Chief Cabinet Secretary Kato and the Foreign Minister position is likely to go to former Defence Minister Iwaya, while the Defence Minister post in the new cabinet is likely to go to former Defence Minister General Nakatani, according to Japanese press. It was also reported that newly elected ruling LDP leader Ishiba is considering a plan to conduct a Lower House election on October 27th.

DATA RECAP

• Chinese NBS Manufacturing PMI (Sep) 49.8 vs. Exp. 49.5 (Prev. 49.1)
• Chinese NBS Non-Manufacturing PMI (Sep) 50.0 vs. Exp. 50.4 (Prev. 50.3)
• Chinese NBS Composite PMI (Sep) 50.4 (Prev. 50.1)
• Chinese Caixin Manufacturing PMI (Sep) 49.3 vs. Exp. 50.5 (Prev. 50.4)
• Chinese Caixin Services PMI (Sep) 50.3 vs. Exp. 51.6 (Prev. 51.6)
• Chinese Caixin Composite PMI (Sep) 50.3 (Prev. 51.2)
• Japanese Industrial Production MM (Aug P) -3.3% vs. Exp. -0.9% (Prev. 3.1%)
• Japanese Retail Sales YY (Aug) 2.8% vs. Exp. 2.3% (Prev. 2.6%, Rev. 2.7%)
• New Zealand ANZ Business Confidence (Sep) 60.9% (Prev. 50.6%)
• New Zealand ANZ Activity Outlook (Sep) 45.3% (Prev. 37.1%)

GEOPOLITICS

MIDDLE EAST

• Israel conducted strikes on Lebanon’s capital of Beirut on Friday and targeted the headquarters of Hezbollah which killed Hezbollah leader Nasrallah.
• Israeli military said it struck dozens of Hezbollah terror targets in Lebanon including launchers that were aimed at Israeli territory, while it also announced that it killed senior Hezbollah figure Nabil Kaouk and the commander of Hezbollah’s southern front Ali Karaki.
• Israeli Walla website reports that Israeli forces are concentrated on the northern front and preparing for a ground invasion of Lebanon.
• Israeli military said sirens sounded in an area of Jerusalem following a launch from Lebanon towards Israeli territory on Saturday and reports noted that Hezbollah launched a new rocket attack on Israel after announcing the death of its leader and said the group is to continue its battle against Israel.
• Israeli military announced sirens sounded after a missile was fired from Yemen which was intercepted and Yemen’s Houthis said they fired a ballistic missile at Israel’s Ben Gurion Airport upon Israeli PM Netanyahu’s arrival, while it was also reported that the Israeli military conducted strikes on Houthi targets in Yemen on Sunday including a power plant and sea import used to import oil.
• Israeli army said it bombed dozens of rocket launchers and Hezbollah weapons storage buildings in eastern Bekaa, while the Popular Front for the Liberation of Palestine said three of its leaders were killed in an Israeli strike on Beirut.
• Israeli PM Netanyahu said on Saturday that Hezbollah’s Nasrallah was the main engine of Iran’s axis of evil and Nasrallah’s elimination was a necessary step towards changing the balance of power in the Middle East, while he added that their work is not done and there are challenging days ahead.
• Israel’s Defence Minister was reported to be holding talks on the expansion of IDF activities in the northern arena.
• Israel warned Lebanese air control that it would use force if an Iranian plane landed at Beirut Airport, while the Lebanese Transport Ministry asked the Iranian plane to stay away from Lebanese airspace and the plane obliged.
• Lebanon’s caretaker PM said that they have no option but the diplomatic option, while the Lebanese Information Minister said following a cabinet meeting that diplomatic efforts for a ceasefire are continuing. It was also reported that the head of the Lebanese government crisis cell said around 1mln Lebanese people have been displaced by Israel attacks.
• Lebanon’s top Christian cleric said Lebanon’s patriarch calls for diplomacy because war means all sides lose, while the top Christian cleric added that Nasrallah’s killing opened a wound in the hearts of the Lebanese and that the international community must work to stop the cycle of war, killing and destruction.
• Iran’s Supreme Leader Khamenei announced five days of mourning over the death of Hezbollah leader Nasrallah and said that Nasrallah’s blood will not go unavenged.
• Iran’s President Pezeshkian said Lebanese fighters should not be left alone so that Israel does not attack countries of the axis of resistance one after the other.
• Iran’s Foreign Minister Araqchi said the killing of the IRGC deputy commander Nilforoushan in Lebanon will not go unanswered, according to a statement.
• Iran called for a UN Security Council meeting on Israel’s actions in Lebanon and across the region, while it warned against any attack on its diplomatic premises and representatives. Furthermore, it was stated that Iran will not hesitate to exercise its inherent rights under international law to take every measure in the defence of its vital national and security interests, according to Iran’s UN mission.
• Iran’s parliament speaker Qalibaf said the resistance will continue confronting Israel with the help of Iran, according to state media.
• US President Biden said it is time for a ceasefire now and replied that they are responding when asked if the US would respond to missile attacks on US warships in the Red Sea. It was also reported that President Biden is reviewing the status of the US military force posture in the region and directed continued diplomatic efforts to coordinate with allies and partners and de-escalate the ongoing conflicts.
• US Defense Secretary Austin spoke with Israeli Defence Minister Gallant and expressed support for Israel’s right to defend itself against Iranian-backed terrorist groups, while Austin stressed the US is determined to prevent Iran and Iranian-backed partners and proxies from exploiting the situation or expanding conflict.
• US is to reinforce defensive air support capabilities in the coming days in the Middle East and Defense Secretary Austin has put other US forces on a heightened readiness to deploy. US also ordered the departure of certain US Embassy direct hire employees and their eligible family members from Lebanon.
• US Central Command said it conducted targeted strikes in Syria which killed 37 terrorist operatives including senior leaders of ISIS and Hurras Al-Din.
• China’s Foreign Ministry said China opposes any violation of Lebanon’s sovereignty and urges the parties concerned, especially Israel, to immediately cool the situation.

OTHER

• UAE condemned a ‘heinous attack’ on UAE’s mission in Sudan’s Khartoum and said the attack was carried out by a Sudanese military aircraft.
• Russian forces took control over the settlement of Makiivka in eastern Ukraine’s Luhansk region, according to IFX.
• Russia’s Kremlin said amendments to Russia’s nuclear doctrine have been prepared and will now be formalised, according to RIA.
• Russian PM Mishustin will visit Iran on Monday and will meet with the Iranian President.
• China’s Foreign Minister Wang told the UN General Assembly that China is not throwing oil on fire or exploiting the situation for selfish gain by promoting Ukraine peace talks, while he also stated that the complete reunification of China will be achieved and that Taiwan will eventually return to the embrace of the motherland.
• North Korea said the US’s USD 8bln military aid to Ukraine is an incredible mistake, while it added that Ukrainian President Zelensky who called Pyongyang an accomplice in the Ukraine war is waging reckless political provocation, according to KCNA.
• South Korea’s Foreign Minister Cho said Russia is engaging in illegal arms trade with North Korea.

EU/UK

NOTABLE HEADLINES

• Former UK PM Sunak urged for the Tories to unite behind who succeeds him as party leader and warned that the party risks marginalisation if divisions persist, according to FT.
• Far-right Freedom Party of Austria was projected to be first in the Austrian parliamentary election with 29.3%, while the ruling conservatives are seen at 25.3% and social democrats at 20%. Furthermore, Austria’s Chancellor and conservative leader Nehammer conceded that his party failed to catch up with the far-right freedom party in the election and said talks between the parties are important once the final election result is in, while the far-right party leader Kickl said they are ready to lead a government.
• ECB’s Stournaras said that based on the most recent data for inflation and the real economy, he finds it reasonable to proceed with a 25bps cut in October, or risk inflation falling below target, according to an FT interview.

2 JAPAN

JAPAN/

END

3 CHINA

Is an attack on Taiwan coming as we are closing in on the USA election. China fears Trump

(zerohedge)

China Launches Massive Military Drills In Disputed South Sea Hours After Blinken Tries To “Reduce Regional Tensions”

SUNDAY, SEP 29, 2024 – 04:55 PM

China didn’t just fire the proverbial stimulus bazooka targeting its markets and economy last week: it also fired a literal bazooka in preparation for the inevitable showdown with the US, which is not a matter of if just when.

On Saturday, China’s military said that the country’s air and naval forces are conducting manoeuvres in a disputed area of the South China Sea, just hours after the country’s top diplomat discussed ways of reducing regional tension with his U.S. counterpart, confirming yet again that the world literally can not wait to make fun of Anthony Blinken.

The news, first reported by Reuters, comes after Australia and the Philippines said their militaries would hold a joint maritime activity with Japan, New Zealand and the United States in the exclusive economic zone of the Philippines.

The announcement of the manoeuvres came shortly after China’s Foreign Minister Wang Yi met U.S. Secretary of State Antony Blinken in New York for talks that covered ways to avoid conflict in the South China Sea.

In March, Blinken had assured the Philippines its defence partnership with the United States was “ironclad,” after Manila accused Beijing of aggressive deployments in the South China Sea of its coast guard and fishing vessels suspected of being a maritime militia.

On Friday Wang “emphasized that China insists on resolving differences with countries directly concerned through dialogue and consultation,” during the meeting, his ministry said in a statement.

While Blinken said he raised China’s “dangerous and destabilizing actions” in the South China Sea and discussed improving communication between the two nations’ militaries, Wang responded that “the U.S. should not always stir up trouble in the South China Sea and should not undermine the efforts of regional countries to maintain peace and stability,” and launched the drill just to confirm how little it thinks of US attempts at deterrence.

The Chinese drills will include “routine” early warning and reconnaissance exercises as well as patrols around Scarborough Shoal, the Southern Theatre Command of the People’s Liberation Army said in a statement, but gave no details.

“The theatre troops maintain a high degree of vigilance, resolutely defending national sovereignty, security and maritime rights and interests, (and) are firm in maintaining peace and stability in the South China Sea,” it said.

One of Asia’s most contested features, the Scarborough Shoal is 200 km (124 miles) off the Philippines, within its exclusive economic zone.  At the same time, China also claims almost the entire South China Sea, including the atoll, coveted for its bountiful fish stocks and stunning turquoise lagoon, despite overlapping claims in the busy waterway by Brunei, Malaysia, the Philippines and Vietnam. While in 2016 the Permanent Court of Arbitration in the Hague ruled that China’s sweeping claims were not supported by international law, Beijing refuses to recognise the decision. The tribunal did not determine sovereignty over the Scarborough Shoal, which it said was a traditional fishing ground for several countries.

In a report on Friday, a thinktank based in Beijing estimated that warships of various nations spent more than 20,000 days annually in the South China Sea, while more than 30,000 military aircraft traverse it.  U.S. navy ships spent about 1,600 days at sea in the region, said the thinktank, the South China Sea Strategic Situation Probing Initiative, as well as an undisclosed number of submarines.

END

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

AUSTRIA/VIENNA

I would be outraged as well! You give luxury apartments to refugees?

(zerohedge)

Outrage In Vienna As Luxury Apartments For Refugees Spark Protests

SUNDAY, SEP 29, 2024 – 08:10 AM

By Thomas Brooke of Remix News

Tensions are rising in Vienna’s 10th district, Favoriten, as local residents express anger over a project to house refugees in 110 newly built, luxury apartments.

The apartments, equipped with air conditioning, balconies, and modern kitchens, have stirred controversy as local citizens and political figures question the decision to allocate such accommodations to refugees while many Viennese struggle with substandard housing.

The joint initiative between the city government and the Protestant charitable organization Diakonie is designed to house recognized refugees and their families and prepare them for the labor market. However, the decision to offer such modern accommodations to asylum seekers has triggered outrage, particularly after revelations of the case of a Syrian family receiving €4,600 in social assistance in Vienna. Many feel that the city’s resources are being unfairly allocated to non-citizens.

Around 30 local residents staged a spontaneous protest on Wednesday morning in front of the apartment building, holding signs with slogans like, “Rental madness for Viennese, luxury building for asylum seekers!”

Alongside the protest, a signature campaign has gathered around 200 supporters.

One protester said, “Why should people who haven’t contributed to this country get luxury apartments while many of us are stuck in old, moldy housing?”

The district of Favoriten, already a hotspot for migrant communities, has seen heightened concerns about the integration of new residents. Some locals fear that the project could further strain the area’s resources and social cohesion.

The poll-topping Freedom Party’s (FPÖ) local branch in the Austrian capital strongly criticized the decision, with leader Dominik Nepp accusing the socialist mayor Michael Ludwig of prioritizing refugees over local Austrians.

While countless Viennese have to live in moldy municipal apartments and don’t even get new windows, asylum seekers who have never worked a day here are given brand new luxury apartments with air conditioning,” Nepp said.

“There’s no money for renovations of dilapidated municipal buildings, but there are luxury apartments with attics and private gardens for refugees,” he added.

The minority FPÖ cohort on the city council has moved for a motion of no confidence against Ludwig, which is not expected to pass given the political arithmetic.

The incident has sparked a wider debate about housing inequality in Vienna. Many residents point out that minimum pensioners and low-income families often live in substandard municipal apartments, waiting years for improvements like new windows or mold remediation.

However, this isn’t a situation unique to Austria. Governments in multiple European nations are being accused by citizens of prioritizing newcomers over the locals.

Continue reading at Remix News

end

AUSTRIA/

Ultra right wing freedom party scores victory in national elections

(zerohedge)

Austrian Right-Wing Freedom Party Scores Historic Victory In National Elections

MONDAY, SEP 30, 2024 – 05:45 AM

Less than a month after a crushing loss for Germany’s ruling coalition saw the the first victory for a German right-wing party since World War II, Austria’s right-wing Freedom Party scored a historic victory of its own on Sunday, winning the most votes in the country’s national election for the first time after the eurosceptic party campaigned on mass deportation, cracking down on illegal immigration, and halting aid to the giant money laundromat that is Ukraine.

And, just like after AfD’s stunning success on September 1 which was met with a full-court press from establishment parties to prevent it from ruling, so Austria’s traditional political powers have pledged to block the conservative Freedom Party from forming a government, marking the latest effort to stem the rising tide of populism in Europe.

Austria's Freedom Party, which the fake news calls "far-right" just caused a major earthquake in Europe by WINNING the country's general election after campaigning on mass deportation and cracking down on illegal immigration

“Their model is Viktor Orban and the Hungarian model.… pic.twitter.com/lMZIjhSHZb

— George (@BehizyTweets) September 29, 2024

How they’ll achieve that, replicating a strategy adopted in Germany and France, is set to become the subject of lengthy coalition negotiations beginning in the days ahead. As Bloomberg reports, despite winning the most votes for the first time in a national election, the Freedom Party’s divisive leader, Herbert Kickl, appears unlikely to play a role in Austria’s next cabinet if the establishment gets its way. That’s because all other parties set to win seats in parliament have vowed not to work with him, depriving his group of the 50% needed to form a government.

That leaves open the possibility for the second and third-placed parties, the conservative People’s Party of Chancellor Karl Nehammer and the Socialists, to join forces to rule the country instead.

While the Freedom Party may “create a stink” publicly about not receiving the mandate to form a government, Kickl will likely content himself with building popular support in opposition, said Marcus How, a geopolitical risk analyst at VE Insight.

“It could feasibly play into Kickl’s hands, as he’ll argue the coalition formed of losers,” How said. “He will not unreasonably bank on its dysfunction and unpopularity, hoping that this will strengthen the Freedom Party ahead of the next elections.”

FAR-RIGHT WINS AUSTRIA ELECTIONS, BOOSTING EUROPEAN RIGHTWING SURGE

Anti-immigration, anti-aid to Ukraine, and the eurosceptic Freedom Party (FPO) won 29.1% of the vote after the polls closed.

Some commentators say this is a MAGA wave across Europe.

FPO leader Herbert Kickl… pic.twitter.com/XMcWbe38GH

— Lenka Houskova White (@white_lenka) September 29, 2024

As Bloomberg notes, a combination of Austria’s two main traditional parties used to be the country’s default arrangement, making up more than half of its governments since World War II. On occasion, the Freedom Party joined one of them to run the country — most recently from 2017 in Sebastian Kurz’s cabinet — though never as the dominant group.

That’s no longer the case.

BREAKING: The anti-immigration, right-wing nationalist “Freedom for Austria Party” has just trounced the left-wing parties in Austria’s parliamentary elections today, winning 30% of the vote.

The Austrian people are sick and tired of Open Borders! 👏👏👏 pic.twitter.com/VidueoiMWl

— Cillian (@CilComLFC) September 29, 2024

Opening negotiations with Freedom Party over a potential coalition would be “reckless,” Nehammer said on Sunday. The People’s Party will “stand by their word” not to form a government with the far-right movement as long as Kickl remains its leader.

The People’s Party and Socialists are projected to have 93 seats together, according to preliminary results — just enough for a majority — but they still may include a third party in their coalition, most likely the liberal NEOS.

“I won’t have you in government,” NEOS head Beate Meinl-Reisinger told Kickl. “I simply find you wrong for the country” which is ironic since the largest group of Austrian votes simply find him right for the country.

Kickl was quick to condemn the move to freeze him out of talks, accusing his opponents of breaking with constitutional precedent and ignoring the will of the voters.

“Now the Freedom Party is the strongest and suddenly everything is supposed to be different,” he told public broadcaster ORF. “This is their next attempt to fool the people.”

Yet fooling the people is all they have left: blocking right wing parties has been the recurring political pattern in myriad elections across Europe this year. In Germany, the AfD won regional elections in Thuringia, only for the other parties to refuse to engage with the party. A left-wing alliance in France stopped Marine Le Pen’s National Rally from scoring an election victory in July.Meanwhile, Geert Wilders’s far-right group took power in the Netherlands as member of a four-party coalition, but Wilders himself isn’t part of the executive.

Such an option looks unlikely in Austria, as Kickl has said a similar decision by then-party chief Jörg Haider in the early 2000s to give the chancellor position to the People’s Party — despite coming ahead of them in the election — was a mistake.

A three-party coalition would be a first for Austria and finding common ground for a joint government program will be an arduous task. All party leaders — even Kickl — agree that “something has to change” in the country, but they disagree on the particulars.

Austrian coalition negotiations have traditionally taken months, not weeks, so the talks could stretch into next year. Nehammer’s existing team — made up of the People’s Party and the Greens — will continue to govern in the meantime.

In any case, whoever forms the next government will face a lengthy list of policy challenges.

Despite being one of Europe’s wealthiest nations based on gross domestic product per capita, the competitiveness of Austria’s industrial base is at risk from aggressive wage hikes and government hand-outs to compensate for fast inflation. The likely end of Russian gas deliveries in December removes a cheaper source of energy, and the transition to alternative sources is fraught with risks.

end

GERMANY

SYRIAN born man with a machete wounds 31 in Germany along with arson and ramming attacks

(BILD/jerusalem Post)

Machete-armed man with Palestinian flag wounds 31 in Germany with arson, ramming attacks

The man reportedly set fire to two buildings, before ramming a store with a van and threatening people with machetes.

By DANIELLE GREYMAN-KENNARDSEPTEMBER 29, 2024 13:38Updated: SEPTEMBER 29, 2024 18:46

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A 41-year-old Syrian national wounded 31 people, including two children who were left in critical condition, in arson attacks on Saturday in the German city of Essen, according to police and media reports from Sunday morning.At around 5:10 p.m. on Saturday, the man set fire to a residential building on Altenessener Strasse, at the corner of Pielsticker Strasse, according to Bild. He later drove a few streets over, where he set fire to a second residence.The fire service said that 31 people were wounded in the arson attacks, while Essen police placed the number at 30.Tagesschau reported that people threw children from windows onto cushions on the street to escape the flames.After setting off the fires, the man reportedly drove to Katernberger Strasse, where he rammed his car into a store before reversing and ramming into the building again.

The driver then continued to another shop on Katernberger Strasse, where he pulled out a machete and began threatening people. Nearby civilians, who threw objects in an attempt to distance the assailant, captured this component of the attack on video.Sources told Bild that they arrested the man, who had burns on his hands, a few meters from the store. Tagesschau reported that he was known to the police before the incident.“The crime police have taken over the investigation and are examining the connections between the incidents. The specific motives of the arrested man are also the subject of the investigation,” Essen police published in a statement.

BREAKING NIUS: Eine Machete, ein Kampfmesser und palästinensisch-islamistische Kampfbekleidung. Was in Essen geschehen ist, ist ein Terroranschlag von einem polizeibekannten Syrer. Alle Details hier:https://t.co/u6VQWXla3e https://t.co/rklFOghwBl pic.twitter.com/VWsvsDz33E

— Julian Reichelt (@jreichelt) September 29, 2024

Videos screenshotted by multiple German media outlets appeared to show the man wearing a Palestinian flag and Keffiyeh-patterned headband.

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Germany sees uptick in attacks

Recently, Germany arrested a Syrian national for planning a machete attack on soldiers. The accused obtained two machetes, each approximately 40 cm (15.75 inches) long. He planned to attack Bundeswehr soldiers in Hof who were spending their lunch break there and kill as many of them as possible, according to a prosecutor’s statement.In August, an ISIS-affiliated Syrian asylum seeker killed three people and wounded eight in a knife attack on Germany’s Solingen. 

END

GERMANY

Aston Martin Crashes, Stellantis Slides As Auto Slowdown Worsens For European Carmakers

all 3 automakers are slashing their forecasts: Germany economy is now in deep trouble

(zerohedge)

Monday, Sep 30, 2024 – 08:45 AM

Volkswagen, Mercedes, and BMW have all slashed their forecasts this month, with Aston Martin and Stellantis following suit on Monday morning. The broader picture reveals that the European auto industry has stalled. 

Aston Martin wrote in a statement Monday that it expects annual adjusted earnings before interest, taxes, depreciation and amortization margin in the high teens percentage, compared with a previous outlook of around 20s percentage. 

The British luxury sports car maker anticipates wholesale volumes will decline for the full year versus its prior growth expectation. The good news is the level of hemorrhaging cash in the first half will be lower in the second half. Management previously expected positive free cash flow in the second half.

The revision was blamed on “instability” across its supply chain and a slowdown in Chinese vehicle demand. 

“What is different now over the past six-to-nine months is the blue-chip suppliers have had fires, floods or administrators appointed to an extent and a scale that I personally haven’t seen in my career,” Chief Executive Officer Adrian Hallmark told analysts during a call. 

Here’s Goldman analyst George Galliers’ take on Aston’s guidance cut:

Supply chain and China lead to guidance cut – This morning (30 September) Aston Martin cut its financial guidance for FY24 as a result of c.1k unit lower wholesale expectations. The company now expects wholesales to decline by a high single digit percentage YoY (FY2023 6,620 units) vs. high single digit growth previously. As a result, adj. EBITDA is also expected to be slightly below FY23 (£306mn) with a margin in the high teens %age, prior low 20s%. The company no longer expects to be FCF positive in 2H24. AML cited disruption in the supply chain, as suppliers have struggled to keep-up with the ramp on new models, and weakness in China as drivers of the downgrade. The company also mentioned a desire to smooth out wholesales, as it pursues its demand-led approach, which should result in less seasonal emphasis in 4Q, in our view.

Also, on Monday, Stellantis NV reduced its margin forecast for the full year, indicating that production will be reduced and that more promotional incentives will be available to customers in an increasingly competitive auto market. 

Stellantis wrote in a statement that the adjusted operating income margin will slide to 5.5% to 7% this year, down from a previous forecast for a double-digit percentage. It now projects an industrial free cash flow range of negative 5 billion euros ($5.6 billion) to negative 10 billion euros, versus prior guidance of positive cash generation. 

In markets, Aston shares in Europe plunged as much as 28%, while Stellantis dropped 8% in Paris to the lowest intraday level since December 2022.

According to a note from Goldman’s Eric Mihelc and Scott Feiler, the slump in European automakers has now spread to US automakers.

Autos trading lower with F -3%, GM -3% in pre after rival car maker Stellantis revised down its 2024 financial guidance, citing deteriorating industry dynamics and Chinese competition. Stellantis, the European maker of Chrysler and Jeep, cut its guidance for the current year. It now sees its full-year adjusted operating income margin between 5.5% and 7.0%, down from prior “double digit,” it said in a press release Monday morning, largely due to efforts to normalize inventory levels in North America. It said it accelerated its plan to reduce US inventory levels to no more than 330,000 by the end of this year to remedy the high inventory levels. British luxury car maker Aston Martin also cut its outlook Monday, citing weakness in China while Volkswagen gave their second profit warning in three months on Friday (Source: Barron’s, Bloomberg).

Aston Martin and Stellantis now join several other European automakers, including BMW, Mercedes-Benz, and Volvo, in lowering their profit outlook this month as supply chain woes bite and China’s slowdown dominates. 

end

SWEDEN

Sweden is in a mess due to massive migrant infiltration

(zerohedge)

Swedish Foreign Minister Says Country Must Speak Openly Of The Downsides Of Mass Immigration

MONDAY, SEP 30, 2024 – 02:45 AM

Authored by Liz Heflin via Remix news,

In Sweden, the consequences of the policy of opening up to mass migration from Africa and the Middle East cannot be hidden, with the current government taking moderate steps to improve the situation.

This is part of an agreement with the Sweden Democrats, a party opposed to destructive migration policies, writes Do Rzeczy.

Over the past 20 years, the number of people born abroad has doubled from 1 million to 2 million, and the country’s population has grown to over 10 million. In 2015, Sweden accepted a record number of so-called asylum applications, 162,000, mainly from culturally foreign countries, such as Afghanistan and Syria. In time, the government decided to reinstate border controls, and is wondering how to “regulate migration.”

The scale of the influx of immigrants to Sweden was limited during the term of office of Malmer Stenergard from the Moderate Party coalition of Prime Minister Ulf Kristersson, who served as migration minister from 2022 to 2024. Since 2024, she has headed the Ministry of Foreign Affairs.

In an interview for the newspaper “Dagens Nyheter,” Stenergard admitted that as a result of mass immigration and poor integration in the country, the phenomena of welfare dependency, radicalization, and organized crime have appeared

The head of Swedish diplomacy did not hide the fact that “there is a difference in terms of which countries immigrants come from.” When large groups of workers from neighboring Finland arrived in the peaceful Scandinavian country in the 1970s, it brought good results. The Finns quickly filled the job market and did not pose a threat to security. “They are similar to us and quickly blend into society, and it is similar now in the case of Ukrainians,” she said, adding that it is completely different “accepting such people versus immigrants from other regions,” the minister said.

Stenergard spoke, without any regard for being politically correct, about those migrant groups causing trouble. She admitted that in the case of immigrants from the Middle East and Africa, “we are dealing with lower education and a completely different cultural background.”

“Many of these countries have a different society and different ways of resolving conflicts,” she said, adding that “migration must be regulated in order to maintain mobility.”

In Sweden – at least so far – they are looking for subtle ways, aside from strict border controls. The government has proposed in the draft budget for next year a relocation subsidy of up to 350,000 kronor (€30,000) for each migrant who agrees to return to their country voluntarily.

Stockholm hopes that this will tempt more foreigners to leave the country, especially those who have not assimilated into Swedish society and who generate all sorts of problems. Unfortunately, polling shows very few would accept.

While many migrants may not like Swedes, most have no interest in ever leaving Sweden. Over half say they would never leave for any amount of money. https://t.co/eM7SrRTKrS

— Remix News & Views (@RMXnews) September 20, 2024

The political scene is determined to improve security in the country, and authorities in Stockholm do not hide the fact that if voluntary incentives to return prove ineffective, forced deportations are envisaged.

Currently, immigrants who agree to return to their country of origin can count on a grant from Swedish taxpayers of up to 10,000 kronor (around €800) per adult. This amount usually covers travel costs for people with a residence permit in Sweden but who are not citizens of Sweden. Applicants must prove that they have the means to travel and that their return has been accepted by the country of destination.

Read more here…

end

5/RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/HEZBOLLAH/NASRALLAH

Nasrallah dead!

Hezbollah leader Hassan Nasrallah confirmed killed in Beirut attack

During Nasrallah’s 32-year leadership of Hezbollah, he was responsible for planning and executing multiple terrorist operations in Israel and abroad.

By JERUSALEM POST STAFFSEPTEMBER 28, 2024 11:00Updated: SEPTEMBER 28, 2024 15:28

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Hezbollah leader Sayyed Hassan Nasrallah was killed in the IDF’s strike on Hezbollah’s headquarters in Beirut on Friday, the IDF announced Saturday morning. 

Almost 32 years after co-founding the Lebanese terrorist organization, Nasrallah was killed, alongside Ali Karaki, Hezbollah‘s commander of the southern front, and other Hezbollah commanders. 

Israel’s air force struck Hezbollah’s central headquarters using precise intelligence from the intelligence wing and defense system. The headquarters were based underground, under a residential building in the Lebanese capital.

The strike, which was carried out by IAF aircraft, targeted Hezbollah’s central headquarters in Dahieh, Beirut, as The Jerusalem Post reported on Friday.

“This is not the end of our toolbox,” IDF Chief of Staff Lt.-Gen. Herzi Halevi said in a statement following the announcement of Nasrallah’s death.

“Those who threaten the citizens of the State of Israel – we will know how to reach them – in the North, in the South, and even in more distant places,” Halevi said.

“After a long period of preparing many capabilities for Lebanon, we have begun implementing them. This strike had also been prepared for a long time and executed at the right time, precisely,” he continued.

“We are now moving forward with sharp preparation for the next steps. Ultimately, I emphasize again that we are maintaining maximum readiness across all of our sectors. All forces, including coordination with other organizations, must be well-coordinated and highly prepared,” Halevi concluded.

Hezbollah confirms Nasrallah’s death

Lebanon’s Hezbollah confirmed on Saturday that its leader Sayyed Hassan Nasrallah was killed.

The group said in a statement it would continue its battle against Israel “in support of Gaza and Palestine, and in defense of Lebanon and its steadfast and honorable people.”

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Israel said earlier on Saturday it had killed Nasrallah in an airstrike in Beirut’s southern suburbs a day earlier.

Hezbollah’s Al-Manar TV started airing Koran verses after the announcement of Nasrallah’s death.

Nasrallah and top commanders were coordinating attacks

The underground command center was embedded beneath a residential building, the IDF noted in its report on Saturday, where Nasrallah and his top commanders were coordinating terrorist activities against Israel at the time of the attack.

During Nasrallah’s 32-year leadership of Hezbollah, he was responsible for planning and executing multiple terrorist operations, including attacks on Israeli civilians and soldiers, as well as international attacks that killed other nationals worldwide.

Under his command, Hezbollah joined Hamas in its conflict with Israel on October 8, 2023, further escalating violence in the region.

Nasrallah’s daughter Zainab was reportedly killed in the same Israeli airstrike targeting Hezbollah strongholds in Beirut’s southern suburbs on Friday.

Who were Hassan Nasrallah and Ali Karaki

Hassan Nasrallah began his political journey in 1976 at the age of 16 when he traveled to Iraq and joined the Shia Islamic movement, the Dawa Party. In 1982, he co-founded Hezbollah with Iranian support after leaving the Amal Movement, quickly securing a senior position and overseeing the Bekaa area by age 22.

By 1985, he was Deputy Chairman of the Beirut Council and became the military leader in the city. In 1987, he was appointed Head of the Operational Executive Council and became a member of Hezbollah’s Supreme Council. Following the assassination of Abbas Musawi, Nasrallah assumed leadership of Hezbollah in 1992.

Over his 32-year tenure, he was responsible for orchestrating numerous terrorist attacks against Israeli civilians and soldiers, making strategic decisions that solidified Hezbollah’s role as a significant terrorist organization.

Ali Karki has commanded Hezbollah’s Southern Front since 2007, overseeing the group’s military activities in southern Lebanon. He was responsible for building extensive weapon stockpiles and deploying thousands of operatives along the Israeli border.

Since the beginning of the Israel-Hamas War, Karki has directed rocket launches, anti-tank missile attacks, and UAV strikes, resulting in significant damage among Israeli civilians and soldiers, and causing extensive damage in northern Israel.

Karki’s strategy involved embedding Hezbollah within civilian areas, utilizing homes and the local population as human shields in their assaults on Israel. A founding member of Hezbollah’s military operations in the 1980s, he has a history of orchestrating numerous terror attacks against Israelis.

His aggression against Israel include a 1997 terrorist attack, leadership during operations in southern Lebanon during Operation Defensive Shield in 2002, and commanding Hezbollah forces in the 2006 Lebanon War.

END

IRGC deputy also dead

(Jerusalem Post)

IRGC deputy commander killed in Israeli strikes on Beirut – Iranian media

Nilforoushan was a key player in Iranian actions in the region, advising Hezbollah on military and diplomatic affairs

By REUTERS, JERUSALEM POST STAFFSEPTEMBER 28, 2024 15:53Updated: SEPTEMBER 28, 2024 16:13

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Iran Revolutionary Guards’ deputy commander Abbas Nilforoushan was killed in the Israeli strikes on Beirut on Friday, Iranian media reported on Saturday.

The IRGC commander was killed in strikes alongside Hezbollah leader Sayyed Hassan Nasrallah.

Who was Abbas Nilforoushan?

Nilforoushan was a key player in Iranian actions in the region, advising Hezbollah on military and diplomatic affairs, according to Khabar Online.

He is believed to have played a major role in crushing protests against the Iranian regime and fought with the Assad regime during the Syrian Civil War.

Nilforoushan had previously hinted at attacks on Israel, according to Iran International.

The IRGC official told Etemad Online in February that Iran was keeping track of the “enemies” activities and would “settle scores” on a regular basis with them.

end

ISRAEL/HEZBOLLAH//

Yassin killed in another strike in Beirut

(JerusalemPost)

IDF kills senior Hezbollah terrorist Hassan Khalil Yassin in another strike on Beirut

The military targeted a mid-level senior Hezbollah official in the area, Army Radio reported.

By JERUSALEM POST STAFFSEPTEMBER 28, 2024 18:02Updated: SEPTEMBER 28, 2024 19:29

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The IDF eliminated senior Hezbollah intelligence array terrorist Hassan Khalil Yassin in an additional precision strike in the Dahieh district in Beirut on Saturday, the military reported.

“Yassin stood at the head of a department responsible for the identification of civilian and military targets, on the northern border and deep within LEBANON territory,” the IDF stated.

The initial IDF announcement of another strike in Beirut came mere hours after the Hezbollah terrorist organization confirmed the death of its former leader, Hassan Nasrallah.

The IDF noted that the Military Intelligence Directorate directed the strike.

“As part of his role, Yassin collaborated intensely with all of Hezbollah’s offensive units, was personally involved in the planning of terror attacks that were executed during the war against Israeli civilians and soldiers, and planned additional attacks to be carried out in the coming days,” the military added.

https://player.jpost.com/public/player.html?player=jpost&media=3777623&url=www.jpost.comIDF footage of strikes on Hezbollah targets in Lebanon. September 28, 2024. (Credit: IDF Spokesperson’s Unit)

Earlier strikes in Lebanon

Earlier, in Friday night strikes near the Syrian border, the IDF targeted rocket and missile launcher production sites, along with smuggling routes used by the Lebanon-based terrorist organization, the military announced the following afternoon.

The Israeli military stated that the “weapons and components have been smuggled from the east into Lebanon and delivered to manufacturing sites, where a range of weapons are produced—including precision-guided missiles—to be used in attacks against the State of Israel.”

The IDF also noted that it continued to strike more Hezbollah terrorist targets in Lebanon on Saturday afternoon. 

Among the targets struck by the IDF were Hezbollah launchers, which had aimed to shoot at Israeli territory, the military stated.

The targets also reportedly included Hezbollah infrastructure and weapon storage facilities. 

END

ISRAEL/HEZBOLLAH/

How Nasrallah was eliminated

(JerusalemPost)

Inside Israel’s operation: Step-by-step breakdown of how Nasrallah was eliminated

According to security sources, the political, intelligence, and operational conditions for Nasrallah’s assassination matured by Wednesday.

By AMIR BOHBOTSEPTEMBER 28, 2024 16:07

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-hamas-war%2Farticle-822219&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20240926_f5bccd16441365e3cf7e3f6a180be1a8ad7a0c63&useBunnyCDN=0&themeId=140&unitType=tts-player

In a secret and sophisticated operation, the Israel Defense Forces and Military Intelligence Directorate succeeded in assassinating Hezbollah Secretary-General Hassan Nasrallah in the heart of the Dahiya neighborhood in Beirut. Here’s how it happened.

Using advanced intelligence and a brilliant deception maneuver that included the Prime Minister’s flight to the US, security forces struck the organization’s leadership in what is defined as one of the most significant military operations.

Former Intelligence Division Head Aaron Haliva had already considered the option of a targeted assassination of Hezbollah Secretary-General Hassan Nasrallah on October 11, based on the intelligence agency’s advanced capabilities.

This capability, built over many years by Military Intelligence, was non-existent during the Second Lebanon War when there was no idea where he was hiding, and the dossier on him was minimal, if not operationally useless.

According to security sources, the political, intelligence, and operational conditions for Nasrallah’s assassination matured by Wednesday. Military Intelligence once again recommended action, and the political echelon approved it after being exposed to the intimate and sensitive intelligence collected to close the loop.

The preparation and decision for the targeted assassination began on Wednesday. The nerve-wracking wait was for precise and high-quality intelligence further to pinpoint the moment of the Hezbollah leadership meeting, showcasing arrogance and disconnect from the IDF’s intelligence and firepower capabilities.

Prime Minister Benjamin Netanyahu conveyed business as usual, gave the green light for progress on the ceasefire process, and decided to fly to the US on the “Wing of Zion” aircraft (Israel’s version of Air Force One), part of what appears to be a deception maneuver to lull Hezbollah’s leadership, who took the bait.

Otherwise, the leadership meeting in an underground headquarters serving as the command center for the Shia organization in the heart of the Dahiya neighborhood in Beirut would not have occurred.

Security consultations took place throughout the flight to the US on the “Wing of Zion” aircraft, with intelligence updates on developments in Lebanon and the readiness of intelligence and the air force to carry out an attack that no one could escape, even in an underground network.

On Thursday night, the cabinet convened for a phone meeting that ended at four in the morning Israel time, nine in New York time. The Prime Minister managed preparations from his hotel room in the US, following consultations with Defense Minister Yoav Gallant, IDF Chief of Staff Herzi Halevi, and Mossad Chief David Barnea. After the professional discussion, Netanyahu and Gallant were authorized to approve the targeted assassination based on incoming intelligence.

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At about 10:00 on Friday, Israel time, Netanyahu held another security consultation with the Defense Minister and with the Chief of Staff based on the latest intelligence. According to Israeli sources, intelligence was received shortly before Netanyahu’s UN speech. The IDF completed preparations, increasing readiness and alertness in monitoring and air defense systems.

Another consultation took place, and Netanyahu gave the go-ahead for the targeted assassination that would shake the Middle East and the Arab world. The Air Force command gave the green light to arm aircraft with bunker-busting bombs. The Chief of Staff and Defense Minister descended into the “pit,” the IDF underground base in Tel Aviv, accompanied by the Head of Military Intelligence, Maj. Gen. Shlomi Binder, Air Force Commander Maj. Gen. Tomer Bar, and Chief of Operations Maj. Gen. Oded Basiuk. A large number of fighter jets took off, and once the signal was given, one by one, they began dropping dozens of bombs, reporting “Alpha” on the communication network one after the other. The smoke plumes were visible from afar.

Unmanned aircraft transmitted images to the Air Force “pit” as buildings collapsed in the heart of the Dahiya neighborhood. Unlike the previous failed assassination of Ali Karaki, due to a limited scope of munitions, this time the scale was deadly. Nasrallah and the commander of Hezbollah’s southern front, Ali Karaki, were killed on the spot along with other senior figures. The rest is history.

END

ISRAEL/USA/HEZBOLLAH

For your interest

Israel reportedly hacks Beirut airport control tower, warn…s Iranian plane not to land

The Lebanese Transport Minister reported that he quickly intervened and prohibited the landing of that aircraft.

By WALLA!SEPTEMBER 28, 2024 14:29Updated: SEPTEMBER 28, 2024 14:33

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Israel has allegedly breached the communication network of the control tower at Beirut-Rafic Hariri International Airport and warned an Iranian plane against landing, prompting the aircraft to turn around and return to Tehran, Israeli media reported on Saturday.

According to reports, Israel supposedly hacked into the communications system of the Beirut control tower, warning that it would not allow the landing of a cargo plane from “Qasem Air,” Flight No. QFZ9964, as it was approaching for landing.

Lebanon’s Transport Minister, Ali Hamieh, stated to the Lebanese newspaper “An-Nahar” that the IDF intercepted the radio frequency of the international airport’s control tower and warned that it would attack the airport if an Iranian civilian aircraft on its way to Lebanon landed there.

The minister reported that he quickly intervened and prohibited the landing of that aircraft.

IDF strikes Hezbollah leadership in Beirut

The tension concerning flights from Iran landing in Lebanon is in light of the IDF’s spokesperson’s official announcement that the IDF eliminated Hezbollah’s co-founder and leader, Sayyed Hassan Nasrallah, along with Ali Karaki, the commander of Hezbollah’s Southern Front, and additional commanders from Hezbollah.

Following the announcement in which the operation’s name was revealed as “New Order,” the IDF Chief of Staff stated, “This is not the end of our arsenal. The message is simple: for anyone who threatens the citizens of the State of Israel – we will know how to reach you.”

The IDF further reported that “IAF fighter jets, guided by precise intelligence from the Intelligence Division and the security system, targeted Hezbollah’s central headquarters, which is located underground beneath a residential building in the Dahieh area of Beirut. The strike occurred while Hezbollah’s senior leadership was at the headquarters, coordinating terrorist activities against the citizens of the State of Israel.”

END

same story as above:

ISRAEL/BEIRUT/IRAN

Israel hacked Beirut International Airport’s control tower to warn an Iranian plane not to land, The Telegraph understands.

The Israel Defense Forces (IDF) on Friday night said that they would shoot down planes ferrying Iranian weapons to support Hezbollah.

Earlier, IDF jets had carried out an airstrike that killed Hassan Nasrallah, the leader of the Lebanese terror group.

With the Iranian plane in the air, Lebanese authorities intervened and ordered it to turn back so it would avoid being fired upon by Israeli forces.

Reuters first reported the story, citing a source at Lebanon’s transport ministry saying that Israel threatened to use “force” and that the priority of the ministry is “people’s lives”.

On Saturday, the Islamic Republic’s Iran Air announced that all flights to Beirut’s Rafic Hariri International Airport have been “suspended until further notice”.

A flight tracker meanwhile showed an airplane affiliated with the Islamic Revolutionary Guard Corps (IRGC) making a U-turn over Syria.

It’s unclear if this was the plane that was ordered not to land in Beirut, but the IRGC has sent weapons and munitions to Hezbollah in Lebanon for years, often using airplanes.

IRGC generals and advisors also regularly fly between Tehran and Beirut.

Israel has launched thousands of attacks against Iranian militants and convoys smuggling weapons to Lebanon from Iran, through Iraq and Syria. Israel has also attacked areas believed to be used for arms smuggling near Damascus airport numerous times in the past decade.

Dror Doron, the senior advisor at United Against Nuclear Iran who also served as a senior analyst in the Israeli prime minister’s office, told the Telegraph that the smuggling of ballistic missiles and other long-range precision-guided missiles caused Israel to launch a campaign of airstrikes in Syria in 2014 to target convoys carrying the missiles.

Mr Doron said: “Israel identified Syria as being a critical element in the route of supplying those missiles.”

On Saturday, Ayatollah Ali Khamenei, Iran’s supreme leader, said that Israel could not destroy Hezbollah.

He said: “[Israeli] criminals should know that they are too small to cause significant damage to the strong construction of Hezbollah in Lebanon.”

Tehran has so far sought to avoid being drawn into a wider conflict with Israel, and Mr Khamenei’s statement appeared to continue that effort, making no mention of all-out war.

A senior Israeli official told The Telegraph that Israel planned the assassination of Hassan Nasrallah, the Hezbollah leader, “for years.”

The official added that the last thing Nasrallah saw was Benjamin Netanyahu speaking at the UN on TV. He said: “He was sure he knew the Israelis, but he didn’t understand what was coming.

“The Iranians used Lebanon and abandoned it at the first opportunity. The whole world sees that the Iranians are a paper tiger. When the Lebanese soldiers started paying the price for Iran, Khamenei simply abandoned them. The Iranians used Lebanon and now have left it behind. Khamenei exploited Lebanon and discarded it.”

END

ISRAEL HEZBOLLAH

special thanks to Chris Powell for sending this story to us;

This is unique: an exploding Cheesecake factory buzzer kills 6 Hezbollah

(BabylonBee)

Exploding Restaurant Buzzer Takes Out Hezbollah Party Of 6

WORLD·Sep 27, 2024 · BabylonBee.comClick here to view this article with reduced ads. 

BEIRUT — The carnage of surprise attacks on the terrorist organization in recent weeks continued in downtown Beirut today, as a party of six Hezbollah members was suddenly taken out by an apparent exploding restaurant buzzer.

The group of terrorists had reportedly taken a break from plotting the deaths of innocent civilians to grab dinner at the Cheesecake Factory, where they requested a table before being given a remote buzzer. Moments later, witnesses reported an explosion.

“Ahmed! Party of six!” the hostess shouted immediately following the explosion, apparently not noticing the remains of the Hezbollah members strewn throughout the restaurant’s foyer. “Ahmed? Party of six?”

A statement released by Hezbollah after the incident confirmed the deaths. “None of them survived to actually be seated,” said spokesterrorist Mohammed Akhtar. “They were hungry after a long day of planning the killing of Jews and wanted to eat. No one could agree on what type of food, so they decided to go to the Cheesecake Factory, the restaurant with a menu the size of an encyclopedia. The leader of the group, Ahmed, was a big fan of the brown bread and Caesar salad. Unfortunately, it appears the buzzer given to them by the hostess had been… modified.”

A Cheesecake Factory press release vehemently denied any allegations that the restaurant had anything to do with the incident. “We just do cheesecake,” a spokesman said. “When we say ‘Our food is the bomb!’ this isn’t at all what we mean.”

At publishing time, Hezbollah had issued a warning to all its members to buy their cheesecake elsewhere.

end

ISRAEL/LEBANON/PLFP

Three PLFP leaders killed in strike in Kola district of Beirut

Hezbollah claimed Israel had carried out the strikes in Kola on their Telegram channel.

By MATHILDA HELLERSEPTEMBER 30, 2024 01:08Updated: SEPTEMBER 30, 2024 03:44

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The Popular Front for the Liberation of Palestine (PFLP) said in a statement in the early hours of Monday that three of its leaders were killed in an alleged Israeli strike that targeted Beirut’s Kola district, Reuters and Sky News Arabic reported.

The strike hit an upper floor of an apartment building in the Kola district, making it the first Israeli strike within Beirut’s city limits in the escalating hostilities, Reuters added.

According to Sky News Arabic, the members killed in the strike were named as Muhammad Abdel Aal, the head of the military security department of the PFLP, Imad Awda, the PFLP’s military commander in Lebanon, and Abdul Rahman Abdel Aal.

Lebanon’s National Broadcasting Network claimed that the strike was carried out by an Israeli UAV.

This comes after the IAF killed Hezbollah leader Hassan Nasrallah in a targeted strike in Beirut on Friday.

דיווח ברויטרס: תקיפה נוספת בביירות, ברובע אל-כולא, שאינו בדאחייה@kaisos1987 @Yoav__Zehavi pic.twitter.com/I9eA6pFppT

— כאן חדשות (@kann_news) September 29, 2024

Details of the strike

KAN posted video footage of the aftermath of an explosion, with people crowding around the rubble. Sirens can be heard in the background.

Local Lebanese media sites and Al Jazeera referred to it as a targeted Israeli strike.

Al-Mayadeen reported that an unexploded missile was still in the targeted apartment in Beirut.

Israel has not yet confirmed any details of the strike.

---

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غارة اسرائيلية على منطقة الكولا في العاصمة بيروتhttps://t.co/Tl33JGY6Bh#عاجل #بيروت #الكولا pic.twitter.com/OWe8xsJURL

— لبنان الكبير (@grandlb) September 29, 2024

This is a developing story. 

end

Everyone must be careful with these terrorists

(JerusalemPost)

Experts: Hezbollah Unit 910 ready to target Israeli, Jewish communities worldwide

Following Nasrallah’s assassination, Hezbollah’s covert Unit 910 threatens swift global retaliation against Israeli and Jewish targets, warn security experts.

By SHAKED SADEHSEPTEMBER 28, 2024 22:24Updated: SEPTEMBER 28, 2024 22:37

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Following the assassination of Hezbollah leader Hassan Nasrallah, the group now poses an increased threat to Israeli and Jewish communities worldwide, with a network capable of executing swift and significant attacks, according to security experts.

Following the assassination, Hezbollah’s Unit 910 emerged as a clear and immediate threat to Israeli and Jewish interests worldwide, according to the Alma Research Center. The unit, known as the “Black Unit” or “Shadow Unit,” operated in the Americas, Europe, Africa, and Asia and was capable of launching significant revenge attacks on short notice. Approximately 32 years ago, after the assassination of former Hezbollah leader Abbas al-Musawi, the unit successfully conducted retaliatory operations.

Hezbollah operated Unit 910, one of the organization’s most secretive and dangerous branches, under the command of Talal Hamiyah, also known as “Abu Jaafar.” The unit was responsible for global terror activities outside of Lebanon and closely collaborated with Iran’s Islamic Revolutionary Guard Corps (IRGC). Researcher Tal Barry described Unit 910 as Hezbollah’s primary operational arm for conducting international attacks. “The unit operated in a wide range of areas with prepared terror infrastructures ready for immediate action,” Barry explained.

Oversees activities 

The unit was involved in several high-profile attacks, including the bombing of the Israeli embassy in Buenos Aires in 1992 and the Jewish community center in Argentina in 1994. In 2012, it carried out a suicide bombing on a bus carrying Israeli tourists in Burgas, Bulgaria. The unit maintained strict secrecy in its operations, relying on local Shiite networks and criminal organizations worldwide. Operatives, who underwent rigorous security training and often held foreign citizenships, operated under civilian cover and exploited connections with Hezbollah supporters and foreign governments for logistical and operational purposes.

In recent decades, Unit 910’s activities primarily focused on South America, Africa, and Asia, but it also operated in the US and Europe. “The unit was a significant part of Iran’s shadow war against the West,” Barry noted, targeting American security and intelligence institutions as well as civilians. According to US reports, Unit 910 had planned attacks on key sites, including JFK Airport in New York. The unit’s activities in the US were exposed when Ali Kourani, a Hezbollah operative arrested in the US, revealed the group’s plans for attacks in the US and Israel.

end

ISRAEL/HEZBOLLAH

Next leader to be eliminated?

Who is Hashem Safieddine, Hezbollah’s possible new leader?

Safieddine is a cousin of Nasrallah and, like him, a cleric who wears a black turban denoting descent from Islam’s Prophet Mohammed.

By REUTERSSEPTEMBER 28, 2024 17:57

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The killing of Hezbollah leader Hassan Nasrallah in airstrikes in a Beirut suburb has put the spotlight on the man widely regarded as his heir, Hashem Safieddine.

The Iran-backed group confirmed that Nasrallah, who led the group for 32 years, had been killed in Friday’s strike. It now faces the challenge of choosing a new leader after the heaviest pounding the group has faced in its 42-year-old history.

Here are some facts about Safieddine, who a source in the group said survived the Israeli attacks.

As head of the executive council, Safieddine oversees Hezbollah’s political affairs. He also sits on the Jihad Council, which manages the group’s military operations.

Safieddine is a cousin of Nasrallah and, like him, a cleric who wears a black turban denoting descent from Islam’s Prophet Mohammed.

US State Department designated Safieddine a terrorist in 2017

The US State Department designated him a terrorist in 2017, and in June, he threatened a big escalation against Israel after the killing of another Hezbollah commander. “Let (the enemy) prepare himself to cry and wail,” he said at the funeral.

Safieddine’s public statements often reflect Hezbollah’s militant stance and its alignment with the Palestinian cause.

At a recent event in Dahiyeh, Hezbollah’s stronghold in Beirut’s southern suburbs, he declared, “Our history, our guns, and our rockets are with you,” in a show of solidarity with Palestinian fighters.

Nasrallah “started tailoring positions for him within a variety of different councils within Lebanese Hezbollah. Some of them were more opaque than others. They’ve had him come, go out and speak,” said Philip Smyth, an expert who studies Iran-backed Shiite militias.

Safieddine’s family ties, physical resemblance to Nasrallah, and religious status as a descendant of Mohammed would all count in his favor.

---

---

He has also been vocal in his criticism of US policy. In response to American pressure on Hezbollah, he stated in 2017, “This mentally impeded, crazy US administration headed by Trump will not be able to harm the resistance,” asserting that such actions would only strengthen Hezbollah’s resolve.

end

ISRAEL/ HEZBOLLAH/

Qaouk eliminated……another senior Hezbollah official….

(Jerusalem Post)

Iran: Killing of IRGC officer in Beirut strike targeting Nasrallah ‘won’t go unanswered’

Senior Hezbollah official Nabil Qaouk killed in strike last night * Biden redoubles call for ceasefire after Israel signals Lebanon offensive may widen * 8 rockets fired at Tiberias

Israel’s killing of Iran’s Islamic Revolutionary Guards Corps Deputy Commander Abbas Nilforoushan in Lebanon “will not go unanswered,” Iran’s Foreign Minister Abbas Araqchi says in a statement.

Nilforoushan, deputy commander of IRGC operations, was killed Friday in an Israeli airstrike in Beirut that targeted Hassan Nasrallah, leader of the Tehran-backed Hezbollah terror group.

The New York Times reported earlier that the Iranian leadership is divided on how to respond to the strike.

The US sanctioned Nilforoushan in 2022 and said he was “directly in charge of protest suppression” amid demonstrations in Iran over the death of Mahsa Amini following her arrest for allegedly not wearing her headscarf to the liking of police.

Nilforoushan also served in Syria, backing Syrian President Bashar Assad in the country’s devastating years-long civil war that grew out of the 2011 Arab Spring.

In 2020, Iranian state television called him a “comrade” of Gen. Qassem Soleimani, the head of its expeditionary Quds Force who was killed in a US drone attack in Baghdad that year.

end

Hezbollah confirms senior official Nabil Qaouk killed in Israeli airsrike

By EMANUEL FABIAN

In this January 26, 2010, Sheik Nabil Qaouk, a member of Hezbollah’s Central Council, attends the funeral of prominent businessman Hassan Tajeddine, in the southern village of Hanaway, Lebanon (AP Photo/Hussein Malla)

The Hezbollah terror group confirms the death of senior official Nabil Qaouk in an Israeli airstrike yesterday.

The IDF struck Qaouk, a member of Hezbollah’s central council, last night, and this morning confirmed he had been killed.

Military says Nabil Qaouk was ‘directly involved in advancing terror attacks’; Hezbollah also confirms death of Southern Front commander Ali Karaki in Friday strike on Nasrallah

By EMANUEL FABIAN FOLLOW
and TOI STAFFToday, 1:34 pmUpdated at 4:13 pm

In this January 26, 2010, Sheik Nabil Qaouk, a member of Hezbollah’s Central Council, attends the funeral of prominent businessman Hassan Tajeddine, in the southern village of Hanaway, Lebanon (AP Photo/Hussein Malla)

Senior Hezbollah official Nabil Qaouk was killed in an Israel Defense Forces airstrike on Saturday in the Dahiyeh suburb of Beirut, the military announced on Sunday morning, as it continued its punishing campaign against the Lebanon-based terror group.

According to the IDF, Qaouk was the commander of Hezbollah’s “preventive security unit” and a senior member of the terror group’s central council.

He was considered close to Hezbollah’s leadership “and was directly involved in advancing terror attacks against the State of Israel and its citizens, including in recent days,” the military added.

Qaouk joined Hezbollah in the 1980s, and previously served as deputy head and head of the southern Lebanon area in the executive council, as well as deputy head of the executive council.

Also Sunday, Hezbollah confirmed the death of Ali Karaki, the commander of the Southern Front, responsible for the terror group’s military activity in south Lebanon.

Karaki was killed alongside Hezbollah chief Hassan Nasrallah in a massive IDF strike on Beirut on Friday. He had survived an Israeli assassination attempt earlier last week.

Earlier on Sunday, the IDF said that fighter jets struck dozens of Hezbollah targets in Lebanon overnight, including rocket launchers aimed at Israel and buildings used by the terror group to store weapons.

Smoke rises from the site of an Israeli airstrike on Beirut’s southern suburbs on September 28, 2024. (Joseph Eid/AFP)

Lebanon’s state news agency reported that an Israeli airstrike in northeast Lebanon on Sunday morning killed 11 people, without specifying if any of those killed in the village of al-Ain were members of Hezbollah.

Since Israel escalated its airstrikes on the Hezbollah terror group last week, more than 630 people have been killed and more than 2,000 wounded in Lebanon, according to the country’s health ministry. At least a quarter of those killed have been women and children, according to Lebanese health officials.

Israel has said that many Hezbollah operatives are among the dead.

Earlier this month, the security cabinet updated its official goals for the ongoing war with Hamas in Gaza to include the objective of allowing residents of the north to return safely to their homes after being displaced by attacks by Hezbollah since October 8.

In order to achieve that goal, the IDF is damaging Hezbollah’s command and control, destroying its capabilities in the border area, and removing the threat of an invasion planned by the terror group’s Radwan Force.

A UNHCR spokesman said on Saturday that the total number of displaced in Lebanon had reached 211,319, including 118,000 just since Israel dramatically ramped up its airstrikes on Monday.

Families carry their belongings in Beirut’s Martyrs’ square after fleeing the Israeli airstrikes in the southern suburbs of Dahiyeh, September 28, 2024. (AP Photo/Bilal Hussein)

The remainder had fled their homes since Hezbollah began low-intensity cross-border attacks one day after its Palestinian ally Hamas staged its unprecedented attack on Israel on October 7, triggering the war in the Gaza Strip.

On Sunday morning, the IDF said a barrage of eight rockets was launched from Lebanon at the Tiberias area, setting off sirens in the city and several other towns near the Sea of Galilee.

According to the IDF, the rockets struck open areas, causing no injuries, while footage shared on social media showed that at least one landed in the Sea of Galilee.

Footage shared on social media shows that at least one of the rockets landed in the Sea of Galilee. pic.twitter.com/w07G4cHVZD

— Emanuel (Mannie) Fabian (@manniefabian) September 29, 2024

Later on Sunday, a barrage of some 10 rockets was fired from Lebanon at northern Israel, setting off sirens in Afula, Nazareth, and numerous other towns in the Jezreel Valley.

According to the IDF, some of the rockets were intercepted by air defenses.

There were no reports of injuries or major damage in the attack.

Also Saturday night, the Jordanian army said that a Grad rocket from southern Lebanon fell in an uninhabited desert area near Muwaqqar, a town southeast of Amman.

No people were hurt in the attack, some 160 kilometers (100 miles) from the Lebanese border, and there was no damage, according to the statement.

Nearby on the Israeli side of the border, the IDF said a missile fired from Lebanon landed in the West Bank near Jerusalem on Saturday night, marking what appeared to be the deepest rocket fire carried out by Hezbollah since intense fighting began earlier this month.

X.com/KhalilAsslan/status/1840106202987974900

There were also unverified reports on Saturday night of an airstrike near Albukamal on the Iraqi-Syrian border, along with other areas in Styria’s northeastern Deir Ezzor region.

A Syria-based war monitor claimed 12 pro-Iran fighters were killed in airstrikes of unknown origin in eastern Syria, and a large number of people were wounded, with widespread speculation they were carried out by Israel or the US.

“Twelve pro-Iranian fighters were killed in airstrikes of unknown origin targeting their positions in the city of Deir Ezzor and to the east of the city, as well as the Boukamal region, near the border with Iraq,” the Syrian Observatory for Human Rights said, adding that five of the strikes targeted military positions near Deir Ezzor airport.

The Observatory, which says it relies on a network of sources on the ground, has been accused of inflating casualty numbers in the past.

Israel has been carrying out airstrikes inside Syria since the outbreak of that country’s civil war in 2011, mainly targeting attempts to transfer weapons to the Iran-backed Lebanese Hezbollah terror group or to keep Iranian fighters themselves from gaining a foothold near Israel’s border.

Since Hamas’s brutal October 7 massacre, which saw some 1,200 people killed in Israel and 251 kidnapped, Israel has escalated its strikes on Iranian-backed terror targets in Syria and has also struck Syrian army air defenses and some Syrian forces.

Diplomats have said efforts to end the war in Gaza were key to halting the fighting in Lebanon and bringing the region back from the brink.

end

ISRAEL HEZBOLLAH

more Hezbollah leaders eliminated.

(Times of Israel)

IDF names key operatives killed alongside Nasrallah in Beirut strike, says Hezbollah HQ was near UN school

By EMANUEL FABIAN

People check the site of the assassination of Hezbollah leader Hassan Nasrallah in Beirut’s southern suburbs, Sept. 29, 2024. (AP Photo/Hassan Ammar)

More than 20 Hezbollah operatives were killed alongside the leader of the terror group, Hassan Nasrallah, in the Israeli airstrike on Beirut on Friday, the IDF says.

According to the military, among those killed at Hezbollah’s underground headquarters in the Dahiyeh suburb of Beirut were:

• Ali Karaki, the commander of Hezbollah’s Southern Front.
• Ibrahim Hussein Jazini, head of Nasrallah’s personal security unit.
• Samir Tawfiq Deeb, an adviser to Nasrallah.
• Abd al-Amir Muhammad Sablini, responsible for Hezbollah’s force buildup.
• Ali Nayef Ayoub, responsible for Hezbollah’s firepower.

The IDF says that Jazini and Deeb were among the closest people to Nasrallah, and as such were “a significant source of knowledge regarding the ongoing functioning of the Hezbollah terror organization and Nasrallah in particular.”

The Hezbollah commanders and Nasrallah had been gathered in their main underground command center in Beirut when they were struck.

The IDF says the site was located beneath residential buildings, close to a United Nations-run school.

53 meters. That’s the distance between a @UN school and Hezbollah’s underground headquarters where Hassan Nasrallah was eliminated alongside 20+ additional terrorists.

The terrorists were in Hezbollah’s central headquarters, located in the heart of Beirut, embedded beneath… pic.twitter.com/eTor8mBGhU

— Israel Defense Forces (@IDF) September 29, 2024

end

ISRAEL/HEZBOLLAH/

more strikes on Lebanon on Sunday

(JerusalemPost)

IDF kills another senior Hezbollah official in Beirut; fresh barrages target north

Military says Nabil Qaouk was ‘directly involved in advancing terror attacks’; Hezbollah also confirms death of Southern Front commander Ali Karaki in Friday strike on Nasrallah

By EMANUEL FABIAN FOLLOW
and TOI STAFFToday, 1:34 pmUpdated at 4:13 pm

In this January 26, 2010, Sheik Nabil Qaouk, a member of Hezbollah’s Central Council, attends the funeral of prominent businessman Hassan Tajeddine, in the southern village of Hanaway, Lebanon (AP Photo/Hussein Malla)

Senior Hezbollah official Nabil Qaouk was killed in an Israel Defense Forces airstrike on Saturday in the Dahiyeh suburb of Beirut, the military announced on Sunday morning, as it continued its punishing campaign against the Lebanon-based terror group.

According to the IDF, Qaouk was the commander of Hezbollah’s “preventive security unit” and a senior member of the terror group’s central council.

He was considered close to Hezbollah’s leadership “and was directly involved in advancing terror attacks against the State of Israel and its citizens, including in recent days,” the military added.

Qaouk joined Hezbollah in the 1980s, and previously served as deputy head and head of the southern Lebanon area in the executive council, as well as deputy head of the executive council.

Also Sunday, Hezbollah confirmed the death of Ali Karaki, the commander of the Southern Front, responsible for the terror group’s military activity in south Lebanon.

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Following the announcement of Karaki’s death, a purported image of the commander circulated on social media.

Karaki was killed alongside Hezbollah chief Hassan Nasrallah in a massive IDF strike on Beirut on Friday. He had survived an Israeli assassination attempt earlier last week.

Earlier on Sunday, the IDF said that fighter jets struck dozens of Hezbollah targets in Lebanon overnight, including rocket launchers aimed at Israel and buildings used by the terror group to store weapons.

Smoke rises from the site of an Israeli airstrike on Beirut’s southern suburbs on September 28, 2024. (Joseph Eid/AFP)

Lebanon’s state news agency reported that an Israeli airstrike in northeast Lebanon on Sunday morning killed 11 people, without specifying if any of those killed in the village of al-Ain were members of Hezbollah.

Since Israel escalated its airstrikes on the Hezbollah terror group last week, more than 630 people have been killed and more than 2,000 wounded in Lebanon, according to the country’s health ministry. At least a quarter of those killed have been women and children, according to Lebanese health officials.

Israel has said that many Hezbollah operatives are among the dead.

Earlier this month, the security cabinet updated its official goals for the ongoing war with Hamas in Gaza to include the objective of allowing residents of the north to return safely to their homes after being displaced by attacks by Hezbollah since October 8.

In order to achieve that goal, the IDF is damaging Hezbollah’s command and control, destroying its capabilities in the border area, and removing the threat of an invasion planned by the terror group’s Radwan Force.

A UNHCR spokesman said on Saturday that the total number of displaced in Lebanon had reached 211,319, including 118,000 just since Israel dramatically ramped up its airstrikes on Monday.

Families carry their belongings in Beirut’s Martyrs’ square after fleeing the Israeli airstrikes in the southern suburbs of Dahiyeh, September 28, 2024. (AP Photo/Bilal Hussein)

The remainder had fled their homes since Hezbollah began low-intensity cross-border attacks one day after its Palestinian ally Hamas staged its unprecedented attack on Israel on October 7, triggering the war in the Gaza Strip.

On Sunday morning, the IDF said a barrage of eight rockets was launched from Lebanon at the Tiberias area, setting off sirens in the city and several other towns near the Sea of Galilee.

According to the IDF, the rockets struck open areas, causing no injuries, while footage shared on social media showed that at least one landed in the Sea of Galilee.

Later on Sunday, a barrage of some 10 rockets was fired from Lebanon at northern Israel, setting off sirens in Afula, Nazareth, and numerous other towns in the Jezreel Valley.

According to the IDF, some of the rockets were intercepted by air defenses.

There were no reports of injuries or major damage in the attack.

Also Saturday night, the Jordanian army said that a Grad rocket from southern Lebanon fell in an uninhabited desert area near Muwaqqar, a town southeast of Amman.

No people were hurt in the attack, some 160 kilometers (100 miles) from the Lebanese border, and there was no damage, according to the statement.

Nearby on the Israeli side of the border, the IDF said a missile fired from Lebanon landed in the West Bank near Jerusalem on Saturday night, marking what appeared to be the deepest rocket fire carried out by Hezbollah since intense fighting began earlier this month.

There were also unverified reports on Saturday night of an airstrike near Albukamal on the Iraqi-Syrian border, along with other areas in Styria’s northeastern Deir Ezzor region.

A Syria-based war monitor claimed 12 pro-Iran fighters were killed in airstrikes of unknown origin in eastern Syria, and a large number of people were wounded, with widespread speculation they were carried out by Israel or the US.

“Twelve pro-Iranian fighters were killed in airstrikes of unknown origin targeting their positions in the city of Deir Ezzor and to the east of the city, as well as the Boukamal region, near the border with Iraq,” the Syrian Observatory for Human Rights said, adding that five of the strikes targeted military positions near Deir Ezzor airport.

The Observatory, which says it relies on a network of sources on the ground, has been accused of inflating casualty numbers in the past.

Israel has been carrying out airstrikes inside Syria since the outbreak of that country’s civil war in 2011, mainly targeting attempts to transfer weapons to the Iran-backed Lebanese Hezbollah terror group or to keep Iranian fighters themselves from gaining a foothold near Israel’s border.

Since Hamas’s brutal October 7 massacre, which saw some 1,200 people killed in Israel and 251 kidnapped, Israel has escalated its strikes on Iranian-backed terror targets in Syria and has also struck Syrian army air defenses and some Syrian forces.

Diplomats have said efforts to end the war in Gaza were key to halting the fighting in Lebanon and bringing the region back from the brink.

end

Houthis in Yemen blasted by a powerful strike

(JerusalemPost)

ISRAEL/HOUTHIS

IDF hits Houthis with most powerful strike of war

The IDF struck Yemen’ Hodeidah and Ras Issa ports, attacking oil reserves and military supplies, sources told The Jerusalem Post.

By YONAH JEREMY BOB, SHIR PERETS, JERUSALEM POST STAFFSEPTEMBER 29, 2024 17:17Updated: SEPTEMBER 29, 2024 20:02

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-822398&unitId=2900003088&userId=41115bd4-eb53-49be-bd12-00a13a7686b3&isLegacyBrowser=false&isPartitioningSupport=1&version=20240926_f5bccd16441365e3cf7e3f6a180be1a8ad7a0c63&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF hit Yemen’s Houthis with the most powerful counter-strike against them of the war on Sunday, even exceeding the massive strike on Hodeidah in July, sources told The Jerusalem Post and the IDF confirmed shortly thereafter.

Dozens of Israeli aircraft participated in the operation, striking 1,800 kilometers from Israeli territory, after the Houthis fired three ballistic missiles on the Tel Aviv and central Israel areas in recent weeks, including one on Saturday.

The targets included power plants and a seaport used to import oil, which the Houthis used to transfer Iranian weapons to the region, in addition to military supplies and oil, IDF reported. 

According to Hezbollah-affiliated outlet Al Mayadeen and confirmed by the IDF,  the targets of the strikes were oil reserves in Ras Issa and also the port of Hodeidah.

⚡️🚨عاجل🚨⚡️

غارات اسرائيلية على مدينة الحديدة اليمنية قبل لحظات… pic.twitter.com/Y45cCSy5gD

— رؤى لدراسات الحرب (@Roaastudies) September 29, 2024

“Israeli aggression targets the city of Hodeidah,” Houthi-owned Lebanese media Al Masirah posted.

The Houthi-run Al Masirah announced that the Civil Defense has begun working to put out the fire at the current power station, which was caused by the strikes.

In a statement published to the Al Masira X/Twitter account, visual spokesperson for the Houthis Mohammad Abdul Salam said, “The American-backed Zionist aggression is condemned, denounced and rejected and cannot affect the will of the Yemeni people. What the Yemeni people confirm in their million weekly demonstrations is that they will not abandon Gaza and Lebanon.”

Iranian Foreign Ministry spokesperson, Nasser Kanaani, has condemned the strikes, saying they targeted a power plant and fuel tanks. Reuters reported.

Commanding Officer of the Israeli Air Force Tomer Bar said in a statement,  “Anyone who tries to harm the civilians of the State of Israel – we will reach them.”

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https://player.jpost.com/public/player.html?player=jpost&media=3778452&url=www.jpost.comIAF F-15 fighter jets take off from the ‘Tel Nof’ Airbase to carry out the strike in Yemen, September 29, 2024. (credit: IDF Spokesperson’s Unit)

jpost.com/breaking-news/article-822398

Yemeni oil company statement

Al Masirah reported that the Yemeni Oil Company issued a statement reassuring citizens that all necessary precautions had been taken, stressing that the supply in all areas under their control was completely stable.

The company warned against creating a new oil crisis in the capital, Sana’a, and the rest of the governorates, explaining that it had previously taken precautions necessary for any emergency.

Hodeidah’s electricity station and airport have both been targeted

Additionally, Al Mayadeen reported that Hodeidah’s electricity station and airport have both been targeted by IDF strikes.

The IDF said its intelligence arm selected targets based on where Iran has been delivering weapons to the Houthis, mixing civilian locations with military use to then attack Israel.

The IDF added that the Houthis have been attacking Israel throughout this past year, not only this past month.

Over the year, the Houthis launched many ballistic missiles and drones at Eilat. In July, a drone from the Houthis killed a civilian in Tel Aviv.

Saturday’s missile attack triggered sirens across central Israel, including in Tel Aviv, and although shrapnel was recovered on Route 375 near Tzur Hadassah, no injuries were reported.

END

ISRAEL//HAMAS/HEZBOLLAH/SYRIA

Hezbollah’s aid to Assad allowed Israel to spy on terror group – report

Since 2006 and the Second Lebanon War, the quality and extent of intelligence Israel was able to gather on the terror group changed significantly.

By JERUSALEM POST STAFFSEPTEMBER 30, 2024 10:48Updated: SEPTEMBER 30, 2024 12:21

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-hamas-war%2Farticle-822482&unitId=2900003088&userId=41115bd4-eb53-49be-bd12-00a13a7686b3&isLegacyBrowser=false&isPartitioningSupport=1&version=20240930_c00d8f311fb13c3e8f42019da236bd6a09e68088&useBunnyCDN=0&themeId=140&unitType=tts-player

The intelligence information gathered over the years by Israel on Hezbollah, especially in the context of the terror group’s involvement in the Syrian civil war, enabled Israel’s recent attacks on Hezbollah, culminating in the Friday elimination of the terror group’s chief Hassan Nasrallah, according to a Monday Financial Times report.   

The report noted, citing current and former officials, that since 2006 and the Second Lebanon War, the quality and extent of the intelligence Israel was able to gather on the terror group had changed significantly.

The civilian war in Syria, in which Hezbollah supported the Assad regime, was an opportunity for Israel to glean intelligence information on the terror group.  

According to the report, while Hezbollah was increasing its reach in Syria, it also expanded the aperture via which Israel could infiltrate it. 

Hezbollah ‘had to reveal themselves in Syria’

In Syria, the terror group had to enlist new recruits and communicate with other entities, such as the Assad regime and Russian intelligence. In addition, the obituaries and funerals of Hezbollah terrorists further granted information on the terrorists, their whereabouts, and that of more senior officials. 

An ex-senior Lebanese political was cited as saying by the Financial Times that the terrorists “had to reveal themselves in Syria.”Such extensive information was subsequently paired with various Israeli technological abilities.

One of which was cited in the report was the IDF Unit 9900 in the Intelligence Directorate, which combs through various visual information in search of minor shifts that point to a lead.  

This allowed Israel, according to the report, to locate Nasrallah at brief intervals, ultimately eliminating him. 

END

ISRAEL/HEZBOLLAH

IDF confirms it killed Hamas leader in Lebanon, Fateh Sherif Abu el-Amin

Sherif was responsible for coordinating Hamas operations with Hezbollah in addition to enlisting recruits to the Palestinian terror group.

By REUTERS, JERUSALEM POST STAFFSEPTEMBER 30, 2024 08:10Updated: SEPTEMBER 30, 2024 12:57

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-822464&unitId=2900003088&userId=41115bd4-eb53-49be-bd12-00a13a7686b3&isLegacyBrowser=false&isPartitioningSupport=1&version=20240930_c00d8f311fb13c3e8f42019da236bd6a09e68088&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF and Shin Bet (Israel Security Agency) eliminated Hamas’s leader Fateh Sherif Abu el-Amin in a strike in Lebanon, the military confirmed on Monday. 

The strike was achieved in conjunction with intelligence information. 

Sherif was responsible for coordinating Hamas operations with Hezbollah in addition to enlisting recruits to the Palestinian terror group.

The Hamas terrorist also oversaw the strengthening of the terror group and advanced Hamas’s interests on both a political and military level, the IDF noted. 

Sherif reportedly served as head of UNRWA teachers’ association

Earlier on Monday, Hamas said its leader in Lebanon, Fateh Sherif Abu el-Amin was killed, along with his wife, son, and daughter, in a strike that targeted their house in a Palestinian refugee camp in the southern city of Tyre.

כלי תקשורת פלסטיניים מדווחים: מנהיג חמאס בלבנון אבו אל-אמין שימש גם כראש התאחדות מורי אונר"א במדינה@nurityohanan https://t.co/RqUVzg6Ckr pic.twitter.com/5J80SO43wj

— כאן חדשות (@kann_news) September 30, 2024

According to a Kan report on Monday, citing Palestinian reports, the Hamas leader reportedly served as the head of the UNRWA teachers’ association in the country. 

end 

ISRAEL/IRAN

Netanyahu: Iran’s Islamic Republic will fall sooner than people think

Netanyahu claims Iran’s regime will fall soon and envisions future peace between Israel and a free Iran amid reported IDF strikes on Hezbollah targets.

By TOVAH LAZAROFFSEPTEMBER 30, 2024 16:43Updated: SEPTEMBER 30, 2024 18:12

•  
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https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-hamas-war%2Farticle-822557&unitId=2900003088&userId=41115bd4-eb53-49be-bd12-00a13a7686b3&isLegacyBrowser=false&isPartitioningSupport=1&version=20240930_c00d8f311fb13c3e8f42019da236bd6a09e68088&useBunnyCDN=0&themeId=140&unitType=tts-player

The Islamic Republic will collapse sooner than people think, and the Iranian people will be free, paving the way for relations between these two ancient cultures, Prime Minister Benjamin Netanyahu said on Monday.

“When Iran is finally free and that moment will come a lot sooner than people think – everything will be different,” he said.

“When that day comes, the terror network that the regime built in five continents will be bankrupt, dismantled,” Netanyahu explained, adding that Iran will thrive as never before.”

He spoke two weeks into a series of IDF strikes that has eliminated Hezbollah’s command structure, including its leader Hassan Nasrallah.

The intense IDF bombardment of Hezbollah targets has been viewed as a veiled warning to Iran. Netanyahu, himself, has issued a number of very public threats against Iran.

The people of Iran should know – Israel stands with you pic.twitter.com/MfwfNqnTgE

— Benjamin Netanyahu – בנימין נתניהו (@netanyahu) September 30, 2024

“There is nowhere in the Middle East Israel cannot reach,” Netanyahu said on Monday. “There is nowhere we will not go to protect our people and protect our country.”

On Monday he released a statement in English aimed at the Iranian people, explaining that “at this pivotal moment, I want to address you – the people of Iran. I want to do so directly, without filters, without middlemen.

“Every day, you see a regime that subjugates you, make fiery speeches about defending Lebanon, defending Gaza.

---

---

“Yet every day, that regime plunges our region deeper into darkness and deeper into war,” he said.

“With every passing moment, the regime is bringing you — the noble Persian people — closer to the abyss,” he stated.

Netanyahu said he believed most Persians are against the regime

“The vast majority of Iranians know their regime doesn’t care a whit about them,” Netanyahu said.

This regime has wasted billions of dollars on futile wars rather than investing in the country’s economy and future, he explained.

“From Qom to Esfahan, from Shiraz to Tabriz, there are tens of millions of good and decent people with thousands of years of history behind them and a bright future ahead of them,” he said,

That future includes global investments, massive tourism, brilliant technological innovations, and peace between Israel and Iran.

When that day comes, he said, “Our two ancient peoples, the Jewish people and the Persian people, will finally be at peace.”

END

ISRAEL/HEZBOLLAH

Israeli troops have entered Lebanon and are now inside the tunnels. This is a pre invasion foray

(Times of Israel)

Troops said to enter Hezbollah tunnels with pre-invasion forays into Lebanon

Wall Street Journal report latest to indicate soldiers making small-scale incursions across border as IDF readies for possibility of wider offensive

By TOI STAFFToday, 3:13 p

An Israeli soldier stands inside a Hezbollah tunnel that crosses from Lebanon to Israel, on the border between Israel and Lebanon in northern Israel, on May 29, 2019. (Basel Awidat/Flash90)

Israeli troops have entered Hezbollah tunnels dug near the border with Israel as part of small-scale forays into southern Lebanon, as it gears up for a threatened ground incursion, according to a report in a US newspaper Monday.

Reports in foreign press in recent days have indicated that Israel Defense Forces soldiers have been carrying out limited cross-border raids to collect information or damage Hezbollah’s capabilities to attack Israel.

According to the Monday report in The Wall Street Journal, the missions, described as “targeted,” have involved special forces entering a network of subterranean warrens Hezbollah is widely understood to have dug near the Blue Line separating Israel from Lebanon.

The report, which cited unnamed sources familiar with the matter, said the raids have taken place over the past months, as well as more recently, with troops “probing” and gathering intelligence, as activity ramps up ahead of a possible ground offensive.

Israel has stepped up fighting against Hezbollah in recent weeks as it seeks to push the group away from the border and halt nearly a year of rocket and drone attacks on northern Israel that have left a swath of Israeli towns scarred and uninhabited.

The push has included heavy airstrikes on Hezbollah’s leadership, including a Friday strike that killed its chief, Hassan Nasrallah, attacks on weapons stores and missile launchers and actions of a more covert nature, such as a wave of electronic device explosions that killed dozens of members of the Iran-backed group, but which has not been claimed by Israel.

According to The Wall Street Journal, a wider troop incursion could occur as early as this week, significantly ramping up fighting, though some have interpreted increasingly bellicose comments from Israel on the possibility of a ground war as part of a campaign meant to pressure a weakened Hezbollah into withdrawing as part of a ceasefire.

Rescuers dig through rubble after an Israeli strike in the southern Lebanese village of Ain El Delb on September 30, 2024. (Mahmoud ZAYYAT / AFP)

Sources cited by the newspaper were quoted as saying the timing could still change, with Israel under heavy pressure from the US to hold back.

Since this month’s escalation, with Israeli airstrikes on the terror group this week killing more than 700 people in Lebanon, the US has repeatedly voiced opposition to any IDF ground invasion to target Hezbollah, calling instead for a diplomatic solution.

Speaking to troops from infantry and armored brigades in northern Israel on Monday, Defense Minister Yoav Gallant strongly hinted that the army was preparing to launch a ground offensive against Hezbollah in Lebanon.

“The elimination of Nasrallah is a very important step, but it is not everything. We will use all the capabilities we have,” Gallant said. “You are part of this effort.”

Defense Minister Yoav Gallant speaks with troops in northern Israel, September 30, 2024. (Ariel Hermoni/ Defense Ministry)

IDF Chief of Staff Herzi Halevi was even clearer in comments last week, telling soldiers the army was readying to put boots on the ground in Lebanon.

The troops, he said, would “enter enemy territory, enter villages that Hezbollah has prepared as large military outposts, with underground infrastructure, staging points, and launchpads into our territory [from which Hezbollah intends] to carry out attacks on Israeli civilians.”

Hezbollah deputy leader Sheikh Naim Qassem vowed on Monday that his organization is ready for any potential ground operation by Israeli troops, in the first speech by an official of the terror group since its leader was killed.

“We will face any possibility and we are ready if the Israelis decide to enter by land and the resistance forces are ready for a ground engagement,” Qassem said in prerecorded remarks.

On Saturday, two US officials told ABC News that Israel does not appear to have decided whether to launch a full ground operation into Lebanon, but that it would likely be limited in scope if it does.

According to the report, the IDF believes that beyond airstrikes and assassinations, allowing residents to return home will also require damaging Hezbollah’s command and control, destroying its capabilities in the border area, and removing the threat of an invasion planned by the terror group’s elite Radwan Force.

Hezbollah is thought to have a tunnel network stretching hundreds of kilometers, Tal Beeri, an expert on underground warfare, told The Times of Israel in January.

A picture taken on June 3, 2019, during a guided tour with the IDF shows soldiers walking near the entrance to a tunnel at the Israeli side of the border with Lebanon. (Jack Guez/AFP)

In late 2018 and early 2019, Israel launched an operation to destroy a series of tunnels it said it discovered that stretched from Lebanese villages into Israel. Among them was a passageway with electricity, a rail system to move equipment and garbage and exit stairs, the army said at the time.

There have been several incidents of cross-border ground confrontations since Hezbollah-led forces began attacking communities and military posts in northern Israel on October 8, purportedly to support Hamas during the war in Gaza.

In April, four IDF soldiers were wounded in a blast that occurred as troops operated inside Lebanese territory. The military said at the time that the incident took place during “operational activity” carried out by troops of the Golani Brigade’s reconnaissance unit and the elite Yahalom combat engineering unit, on the Lebanese side of the border, several hundred meters from Israel’s fence.

On Friday, before the Beirut strike that killed Nasrallah, the military said that it had “great confidence” in its ability to carry out a ground maneuver, following experience gained by troops during the past 11 months of fighting in the Gaza Strip.

The Israeli military drills into the soil south of the Lebanese border in an effort to locate and destroy Hezbollah attack tunnels that it says entered Israeli territory, on December 5, 2018. (Israel Defense Forces)

The IDF indicated that a ground offensive in Lebanon had been fully planned out, and it was being practiced by troops even as fighting was ongoing on several fronts.

The plans included operations in areas near the border as well as deep within Lebanon, according to the military. Still, officials have said the IDF aims for a ground operation to be as short as possible.

Once the fighting is over, the IDF said that it would need to enforce any ceasefire agreement with firepower and prevent Hezbollah from reestablishing itself close to Israeli border communities.

Also on Friday, the IDF said it had completed the mobilization of two reserve brigades — the Etzioni and Alon brigades — that were sent to northern Israel to bolster troops there, given the possibility of a ground offensive.

Emanuel Fabian and agencies contributed to this report.

END

Netanyahu’s ‘War On Seven Fronts’: Expanded Attacks On Yemen, Syria, Central Beirut

MONDAY, SEP 30, 2024 – 12:45 PM

Israel has been busy over the weekend striking multiple fronts. Not only has it expanded airstrikes on Beirut in the wake of Hezbollah leader Hassan Nasrallah’s Friday death, but it is attacking Yemen and Syria as well.

Starting late last week into Saturday, Yemen’s Iran-linked Houthis announced the launch of several ballistic missiles toward Tel Aviv, which Israel’s military said were intercepted. And on Friday, in an incident which went underreported (given headlines were focused heavily on Beirut events), three US warships in the Red Sea came under simultaneous rocket attacks from the Houthis.

“The Houthi said they had targeted three U.S. warships which media reports tonight are identifying as the guided missile destroyers USS Spruance and USS Stockdale and the littoral combat ship USS Indianapolis. They were reported to have been north of the Bab el-Mandeb at the time,” The Maritime Executive reported.

“U.S. officials are confirming that warships in the Red Sea were targeted with possibly the largest barrage since the conflict began with the Houthis in Yemen nearly 10 months ago,” the publication added.

On Sunday Israeli jets had the assistance of US military intelligence as they conducted a massive airstrike on Yemen’s key port of Hodeidah. It happened in the early evening local time. Axios reports that “sensitive” Houthis facilities were on the target list.

Yemen’s Health Ministry in the aftermath announced that at least four people were killed and 40 others injured in the Israeli raid, which left massive plumes of smoke over the area.

Israeli media has confirmed that it was the biggest Israeli strike on Yemen since the conflict began in the wake of Oct.7 of last year. “Dozens of Israeli aircraft, including F-15I fighter planes, participated in the operation, striking 1,800 kilometers from Israeli territory after the Houthis fired three ballistic missiles on the Tel Aviv and central Israel areas in recent weeks, including one on Saturday,” Jerusalem Post details.

During Prime Minister Benjamin Netanyahu’s Friday United Nations speech, the Israeli leader said his country is fighting a war on seven fronts. He brought props, as has been his pattern at major UN speeches:

The Israeli leader explained “the blessing” was establishing a “landbridge” from India to Israel. The blessing requires Saudi Arabia to enter the Abraham Accords and normalize ties with Israel. Netanyahu claimed that would have happened, but the October 7 Hamas attack prevented the deal.

In the map titled “the curse,” five countries were represented in black: Iran, Iraq, Syria, Yemen and Lebanon. The Israeli leader claimed that Tehran was working to eliminate Tel Aviv using its allies in the region. Netanyahu presented the conflict as a battle between forces of civilization against barbarism.

Netanyahu shows ‘maps of blessing and curse’ pic.twitter.com/I6kFso8gyo

— RT (@RT_com) September 27, 2024

He is now targeting the very countries he listed in the speech. According to more details of the Hodeidah attack from Yemeni sources:

In a statement, the army said “dozens of air force aircraft” struck power plants and sea port facilities at the Ras Isa and Hodeidah ports. The attacks killed at least four people – including a port worker and three electrical engineers – and wounded 30 others, according to Yemen’s ministry of health.

Also on Sunday, and also largely underreported in Western media, there was another Israeli raid on Syria, which reportedly targeted a base with ‘pro-Iranian’ assets. It happened on the outskirts of the capital Damascus. “At least seven pro-Iran militants were injured in an Israeli strike in the countryside of Damascus, near the Syria-Lebanon border, a war monitor reported on Monday, amid soaring regional tensions against the backdrop of the Israel-Hamas war,” regional source Rudaw reports.

“Seven elements, most of them non-Syrians, were injured in an Israeli airstrike on a border crossing on the Syrian-Lebanese border in Rif Dimashq from the Syrian side,” the report said. A similar raid occurred on Friday, as Israel was bombing Beirut. Syrian state SANA said the Friday aggression killed five Syrian soldiers.

Meanwhile on Monday Israel has expanded its strikes in Lebanon to include targeted attacks on central Beirut, which is a first since the 2006 war. The apparent targets included three senior figures in the Popular Front for the Liberation of Palestine (PFLP). Subsequently the leftist group which conducted airline hijackings in the 1970s said its officials Mohammed Abdel Aal, Emad Odeh, and Abdel Rahman Abdel Aal were killed in Beirut’s Cola district.

Aftermath of the airstrike on an apartment building in central Beirut:

⚡️From the enemy strikes on an apartment in Kola, central Beirut pic.twitter.com/UVWEJK143I

— War Monitor (@WarMonitors) September 29, 2024

The Guardian described of the attack, “Initial footage from the scene showed two storeys of an apartment building completely blown out, and onlookers running towards the building. Two bodies could be seen lying on the street on top of a car outside the building, seemingly ejected by the force of the blast.”

As if all this weren’t a chaotic enough powder keg ready to explode further, Iran-backed paramilitaries in Iraq are now ramping up attempts to directly attack Israel, with a fresh drone operation against Israel’s port city of Haifa:

The Islamic Resistance in Iraq said in a statement today that it attacked four Israeli targets in response to Israel’s attacks on Lebanon and Gaza.

It said that it attacked two “vital” targets in the Israeli port city of Haifa using drones, as well as two other unspecified targets.

Amid what’s clearly a rapid escalation on several fronts in the Middle East, the US Commander-in-Chief doesn’t seem to know what’s going on…

REPORTER: "Any comment on the strikes in Yemen, Mr. President!?"

BIDEN (or whatever's left of him): "I've spoken to both sides. They gotta settle the strike. I'm supporting the collective bargaining effort. I think they'll settle the strike."

🤔 pic.twitter.com/iFawNWdWyH

— RNC Research (@RNCResearch) September 30, 2024

This despite Yemen and the Red Sea being scene of what one US military commander previously called America’s most serious and intense naval combat going back to WW2.

In northern Israel, the IDF continues building up forces along the border with Lebanon, as well as in the Golan region, ahead of a potential ground invasion. There have also reportedly been repeat incursions into Lebanese territory by Israeli special forces troops. Hezbollah has continued sporadic missile fire into northern Israel over the past days as well, but the big expected retaliation for Nasrallah’s killing has yet to come on any large scale.

Netanyahu on Monday issued a new warning: “There is nowhere in the Middle East Israel cannot reach.  There is nowhere we will not go to protect our people and protect our country,” he said, describing that Israel is in “a war for our very existence.”311

RUSSIA/UKRAINE

RUSSIA/ISRAEL

END

RUSSIA/UKRAINE/USA

6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUE

MARK CRISPIN MILLER

Breaking! Surface-to-air Missiles & Kill teams reportedly (developing story, seeking to clarify, authenticate) have come into America at Southern border linked to Sinaloa Cartel target Trump Force One

Story developing that there are more assassination plots against POTUS Trump to take down his plane! If this pans out Trump must ground travel & go to basement like Biden & Harris as he campaigns!

Dr. Paul AlexanderSep 27

READ IN APP

‘An international war correspondent on X, platform formerly known as Twitter, on Thursday claimed that nine surface-to-air missiles have been smuggled into the US to target Trump Force One.’

Alexander MAGA Trump news; fake PCR created non-pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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Excellent POTUS Trump! Excellent as 45 now warns “To every COVID tyrant who wants to take away our freedom: We will not comply” “We will not shut down our schools. We will not accept your lockdowns.

We will not abide by your mask mandates, and we will not tolerate your vaccine mandates.” see Dr. Peter & Ginger Breggin’s Exposing Global Predators; great 45, say “no more Malone et mRNA RNA shots

Dr. Paul AlexanderSep 27

READ IN APP

This was an excellent find by Dr. Breggin and I praise POTUS Trump, big praise POTUS Trump (a definitive video statement by 45 in August 2023 that most people are unaware of as per Breggin) for these words; I think we must do all we can to help elect Trump, the only option to help destroy the real purveyors of misinformation, censorship, and crushing affronts to academic freedom.

To ensure proper ‘pandemic’ policy in the future (note, I/we argue that the term ‘pandemic’ is more of a manufactured construct), POTUS Trump has to ensure that there are no longer animals and beasts like Fauci and Birx and Hahn and Azar et al. in his administration. They got into his first administration and throttled him. He has to also go by his gut. I have always said he is a good man fundamentally but in the end, the decisions to lock down etc. at a federal level were his administration’s, and so at some point he will need to tell us how they misled him, who they were, and how he will ensure it never happens again, even via legislative congressional means.

This piece by Breggin is illuminating:

Alexander MAGA Trump news; fake PCR created non-pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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I am gratified by Trump’s energy and passion in this address and his rhetoric, including “But to every COVID tyrant who wants to take away our freedom, hear these words: We will not comply, so don’t even think about it.”

And here’s a dismaying fact. There was no outpouring of enthusiastic support for Trump’s definitive rejection of COVID policies in August 2023, even among his supporters and freedom advocates. Few, if any, mainstream Conservative media mentioned it favorably. And as I already mentioned, I heard nothing about it at the time. Maybe the overall lack of response from his own constituency discouraged Trump from making continued similar statements, let alone stronger ones.

Those of us who are deeply critical of the COVID jabs, down to the ugly details of mRNA technology, would wish for a more specific scientific condemnation of the so-called Covid vaccines. We would like to hear Trump say, “The Covid jabs don’t work and they kill people!” Maybe Robert F. Kennedy, Jr., who specializes in “vaccines,” would do so if he got a post under Trump, but in reality, even Bobby would have to mince his words.

We live in a world where few ordinary citizens know what mRNA stands for, and hardly anyone imagines that “depopulation” is anything but a conspiracy theory. Very likely, President Trump himself did not grasp that the Department of Defense had completely usurped his power by announcing on its own DoD stationery that it was initiating, organizing, and running Operation Warp Speed.² These issues are too obscure and too outrageously hot for a presidential candidate to focus on. Within the political world, Trump’s March 2023 statement was extraordinary — but nonetheless received little coverage or discussion.

Breggin is 100% correct but should add that POTUS Trump must state that ‘the mRNA jab HAVE killed people, the same jabs I approved under OWS’…and I must be honest, POTUS Trump must take ownership for the lockdowns and vaccines came under his administration…misled as he was, yes, but he is or was the CEO…and Breggin joins me in calling on POTUS Trump to go after Malone and Bourla and Bancel et al. and hard, jail the bitches, punish them, these frauds, these dangerous money whore animals.

Truth is, POTUS Trump cannot dissociate himself from accountability. Many are telling me wait till after the election. Note, I worked for POTUS Trump at HHS. I did support him and do support him. Bigly. No one else I think is up to the task. But the wrongs that happened emerged in his administration and carried on by the Biden Harris administration. Wrong has been committed in both administrations. I do think today no one is capable to handle what needs to be done to save and fix USA. It starts with the fraud of COVID for we are indeed here, the border is breached etc. due to the fraud of COVID that toppled Trump and elected Biden. In part. Even trump is now stating this. So do not go getting the vapors on me.

They, Malone, Bourla, Bancel et al. knew what they were doing with mRNA technology and vaccine, and they knew it would harm. I do not harbor hope re Bobby Jr. whom I admire and respect deeply (a good man wants to do good by USA) for he will need to break from his alliance with Malone as to the mRNA technology. Bobby Jr. can be pals with whom he wishes, we live in a free world, but he must understand that Malone et al. is knee deep in the deaths from the mRNA vaccine and it does not matter to people like me. I can be friends with Bobby Jr. as I am, and still seek accountability from the likes of Malone, Sahin, Weissman, Kariko et al. From all those who us in the fraud COVID and vaccine. No favors for no one. Deaths ensued due to them. It is left to be seen, but if that does not happen, then we know a game has been, and is being played with the American people. I will be on watch. As too will be the likes of Dr. Breggin. We play no friendships here, we want real accountability and we want no nepotism or games or favors.

Huge praise for POTUS Trump!

He, POTUS Trump, will have to help ensure that all who did wrong, the malevolence that was done in the past with the fake COVID (and if you read the language, he is admitting this and that he admits too that it hurt his elections in 2020), that once proven in proper courts, he must allow us to hang them on the white house lawn. We must start with all involved with the mRNA technology vaccines POTUS Trump, and I propose proper court cases and judges for Malone, Bourla, Bancel, Sahin, Kariko, Weissman, Tureci et al. All involved in the deadly untested mRNA technology and the mRNA vaccine. We hang all who the judges and courts said costed lives, but only after proper trials POTUS Trump, and we hang them too in the White House lawn, or Rose Garden, your choice as you are POTUS.

SLAY NEWS

The latest reports from Slay News

52 Top Scientists Sign Letter Warning of ‘Substantial’ Cancer Risk from Covid ‘Vaccines’A group of leading scientists and academics has signed a letter that calls on lawmakers to ban Covid mRNA “vaccines” due to the “substantial risk” of cancer from the injections.READ MORE

UN Demands ‘Global Governance’ for ‘Humanity’Unelected globalist organization the United Nations (UN) is demanding that governments of sovereign nations submit to “global governance” in order to supposedly protect “humanity” from artificial intelligence (AI).READ MORE

Non-Citizens Admit Registering to Vote in Swing State ArizonaNon-citizens in the key swing state of Arizona are admitting to illegally registering to vote in the critical 2024 presidential election.READ MORE

Pregnant Cop Dies Suddenly at 30: ‘Like Someone Turned a Switch Off’A young pregnant police officer has tragically died suddenly, leaving her devastated family desperate for answers.READ MORE

Secret Service Scrambled to Troubleshoot Drone amid Assassination Attempt on TrumpA Secret Service agent called a toll-free number to get technical support with a drone system in the minutes leading up to the first assassination attempt against President Donald Trump.READ MORE

Democrats Accuse Trump’s Son-in-Law Jared Kushner of ‘Influence Peddling’Democrats on Capitol Hill have accused President Donald Trump’s son-in-law Jared Kushner of “influence peddling” through his private equity firm.READ MORE

CNN Makes Shock Admission after Airing ‘Digitally Altered’ Picture of TrumpCNN recently provoked outrage by airing a fake image of President Donald Trump during a prime-time broadcast.READ MORE

Melania Trump Blames Democrats for Inciting Assassination Attempts against Husband by Creating ‘Toxic Atmosphere’Former First Lady Melania Trump has blamed Democrats and their allies in the corporate media for creating the “toxic atmosphere” that led to the assassination attempts against her husband.READ MORE

Border Patrol Warns of Surge in Migrant Children Drugged & Exploited by TraffickersU.S. Border Patrol agents are warning that they are seeing a surge in migrant children being drugged and exploited by traffickers and smugglers.READ MORE

New York Times Slams Kamala Harris’ MSNBC Interview: ‘Did Not Provide a Substantive Answer’The left-wing New York Times has slammed Democrat presidential nominee Kamala Harris for refusing to answer a single question during her latest softball interview with friendly MSNBC.READ MORE

Biden Vows to Send Another $8 Billion to Ukraine after Zelensky Campaigned for DemocratsLame-duck President Joe Biden has promised to send another $8 billion in taxpayer-funded military assistance to Ukraine after Ukrainian leader Volodymyr Zelensky recently traveled to the U.S. to campaign for Democrat candidates.READ MORE

NYC Democrat Mayor Eric Adams Accuses Biden-Harris Admin of Targeting Him for Speaking against Open BordersNew York City’s doomed Democrat Mayor Eric Adams has fired back after being indicted on federal criminal charges.READ MORE

Tim Walz Holds Secretive Meeting with Alex Soros at Leftist Billionaire’s Luxury NYC HomeDemocrat presidential nominee Kamala Harris’s running mate Tim Walz obediently visited Alex Soros for a secretive meeting at the leftist billionaire’s luxury apartment in New York City.READ MORE

he latest reports from Slay News

Doctor Raises Alarm over ‘Epidemic’ of Skyrocketing Cancer CasesA renowned American physician is sounding the alarm over skyrocketing numbers of young people being diagnosed with deadly cancers.READ MORE

Family Suffers ‘Huge Shock’ as 9-Year-Old Boy Dies Suddenly: ‘Completely Out of the Blue’A soccer-playing 9-year-old schoolboy has tragically died suddenly, his devastated family has revealed.READ MORE

Former Trump Campaign Strategist: No Reason to Debate Kamala Harris When He Is ‘Ahead in the Race’President Donald Trump’s 2020 campaign strategic communications director has asserted that there should be no more presidential debates before the November election.READ MORE

Trump Fires Back over Kamala Harris’ Trip to Southern Border: ‘What a Disgrace’Democrat presidential nominee Kamala Harris took a trip to the border on Friday as she seeks to convince voters that she’s tackling the illegal immigration crisis.READ MORE

Brett Kavanaugh Warns Recent Chevron Ruling Should Not Be ‘Overread’Justice Brett Kavanaugh has made some interesting statements regarding the United States Supreme Court Chevron ruling earlier this year.READ MORE

Trump Surges Against Kamala Harris Among Independent VotersAs the November 2024 presidential election approaches, President Donald Trump is gaining ground among independent voters.READ MORE

Democrat Jerry Nadler Demands NYC Mayor Eric Adams ‘Resign’: ‘Lost the Ability to Effectively Lead’Rep. Jerry Nadler (D-NY) has demanded that New York City’s embattled Democrat Mayor Eric Adams “resign” following his indictment.READ MORE

EVOL

Hurricane Helene live tracker: Latest updates and path as storm intensifies to Category 4 ahead of landfall in Florida tonight – EVOLREAD MORE…

LATEST NEWS:

Secret Service Sending Agents To Disney World LGBTQ Summit [WATCH] – EVOLRead more…Mark Levin makes SUPERB point regarding the anti-Israel Biden-Harris administration – EVOLRead more…JUST IN: Appeals Court Appears Open To Tossing Letitia James’ Trump Case After Brutal Hearing – EVOLRead more…Trump says he will meet with Zelensky in Trump Tower – EVOLRead more…WATCH: Ted Cruz super PAC drops killer new ad against liar Colin Allred – EVOLRead more…REPORT: Seattle Police Will No Longer Respond to Security Alarms Without ‘Supporting Evidence’ – EVOLRead more…Sanctuary city put citizens in danger by letting violent Biden-Harris illegal back on the streets after ignoring ICE requests – EVOLRead more…BREAKING: Jack Smith Files New Sealed Evidence Against President Trump – EVOLRead more…

VIEW MORE

…

LATEST NEWS:

TEST NEWS:

They Got Him: Israel Confirms It Killed Hezbollah Leader Hassan Nasrallah in Underground HQ – EVOLRead more…Over 28,000 Illegal Aliens Convicted With Sexual Crimes, Murder on the Streets – EVOLRead more…Trump Takes Resounding Lead In Critical Sun Belt State – EVOLRead more…Climate activists renew attack on Van Gogh’s ‘Sunflowers’ – EVOLRead more…US Navy warships fought off a ‘complex’ missile and drone attack in the Red Sea – EVOLRead more…Supreme Court Won’t Restore RFK Jr.’s Name to New York Ballot – EVOLRead more…Dave Ramsey Sits Down With President Trump In Trump Tower! – EVOLRead more…Melania Trump’s New Book Just Hit Number One – EVOLRead more…

NEWS ADDICTS

– North Carolina county says lake dam failure IMMINENT because of hurricane, warns residents to evacuate…The Lure Lake dam in Rutherford County, North Carolina has been compromised according to emergency management officials and the failure of the dam is imminent. They are ordering residents to evacuate to higher ground for their safety. Here’s more from WCNC Charlotte: Excessive rain has threatened a dam at Lake Lure, according to the National Weather Service. At 11 a.m. …READ THE FULL REPORT

Dam in Tennessee has breached and the town of Newport is reportedly floodingAnother dam has suffered damage today and has begun to breach, flooding parts of the town of Newport, Tennessee, which is said to have a population of 7,000: Currently, a life-and-death situation is unfolding as the A flash flood emergency has been issued as the mayor has ordered an emergency evacuation due to a catastrophic failure of the Waterville Dam …READ THE FULL REPORT

Israel may have just assassinated head of Hezbollah in major bombing attack on underground HQThe IDF has just confirmed that they destroyed the central headquarters of Hezbollah in Beirut which was built under residential buildings. The reports coming in suggest that Israel may have targeted and killed Hassan Nasrallah, the head of Hezbollah in the attack. Here’s the announcement from the IDF: “Moments ago, the Israel Defense Forces carried out a precise strike on …READ THE FULL REPORT

BOOM! Ben Shapiro just SCHOOLED a leftist MSNBC hack over Kamala’s authority in Biden adminThe other day Kamala Harris claimed that she’ll implement her economic plans once she’s in the Oval Office. Ben Shapiro responded to that statement like this: YOU ARE THE SITTING VICE PRESIDENT OF THE UNITED STATES RIGHT NOW https://t.co/Dote7n2bvs — Ben Shapiro (@benshapiro) September 26, 2024  A very unintelligent MSNBC contributor mocked Shapiro, suggesting that Kamala is only the vice …READ THE FULL REPORT

Houthis target US Navy warships with barrage of missiles and dronesThe Houthi terrorist group backed by Iran just launched a barrage of ballistic missiles, cruise missiles and drones at three US Navy warships as they passed through the Bab el-Mandeb strait. All of the 23 launches were either intercepted by the three warships or they missed their target entirely. Here’s the reporting: U.S. Navy warships intercepted projectiles, both drones and …READ THE FULL REPORT

Restaurant REFUSED to let JD Vance in to shake people’s hands who were waiting to greet themA restaurant in Pennsylvania called Primanti Bros refused to allow JD Vance in so he could shake hands with people waiting to greet him. The people there then canceled their food orders in protest and left. JD Vance still took the high road and was very gracious, as you’ll see in the video below. @primantibros refused to let @JDVance in …READ THE FULL REPORT

WATCH LIVE: President Trump holds rally in Wisconsin at 3:30PM ETPresident Trump is holding a rally in Prairie du Chien, Wisconsin at 3:30PM ET and you can watch it below:READ THE FULL REPORT

NBC News blames TRUMP for criminal illegals in this country instead of KamalaIt was reported yesterday that there are well over half a million illegal immigrants loose on the streets of America that have pending criminal charges or are convicted criminals. The data was released by ICE to Rep. Tony Gonzales, who requested the data earlier this year. Of the 7 million for whom ICE has removal orders but are not in …READ THE FULL REPORT

Houthis fire second ballistic missile at IsraelThe Houthis have fired a second ballistic missile at Israel and, once again, the Arrow missile defense system has intercepted it. Here’s the news: A missile was launched yet again by the Houthis in Yemen toward Israel, endangering civilians across central Israel. Today, the IDF Aerial Defense Array successfully intercepted the missile outside of Israeli territory. — Israel Defense Forces …READ THE FULL REPORT

WATCH: Bill Maher tells Gen Z’ers why America is the greatest country in the worldBill Maher just did one of the best segments I’ve seen him do in quite a while and the subject was America. His argument was aimed at the Gen Z crowd who love to say ‘f— America’, explaining to them why we live in the greatest country in the world. He described America’s founders as the Gen Z of their …READ THE FULL REPORT

MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK

7.OIL PRICES/GAS PRICES/OIL ISSUES

8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//

CANADA

END

YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR:  1.1193 UP 0.0035

USA/ YEN 142.42 UP .417 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN  STILL FALLS//END OF YEN CARRY TRADE BEGINS JULY 2024/Bank of Japan raises rates by .15% to 1.15..UEDA END HIKING RATES AND NOW CARRY TRADES NOW IMPLODES//YEN CARRY TRADE TRYING TO RE ESTABLISH

GBP/USA 1.3403 UP .0045

USA/CAN DOLLAR:  1.3521 UP 0014 (CDN DOLLAR DOWN 14 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED UP 248.97 PTS OR 8.04%

 Hang Seng CLOSED UP 501.38 PTS OR 2.43%

AUSTRALIA CLOSED UP 0.73%

 // EUROPEAN BOURSE:     ALL RED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL RED

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 501.38 PTS OR 2.43%

/SHANGHAI CLOSED UP 248.97 PTS OR 8.04%

AUSTRALIA BOURSE CLOSED UP 0.17%

(Nikkei (Japan) CLOSED DOWN 1910.06 POINTS OR 4.80%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2639.60

silver:$31.19

USA dollar index early FRIDAY  morning: 99.98 DOWN 12 BASIS POINTS FROM  FRIDAY’s CLOSE.

MONDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing  MONDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.689%  DOWN 1 in basis point(s) yield

JAPANESE BOND YIELD: +0.863% DOWN 3 AND 2/ 100   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 2.921 UP 1 in basis points yield

ITALIAN 10 YR BOND YIELD 3.443 DOWN 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.1195 DOWN 2 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR MONDAY  

Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM

Euro/USA 1.1170 DOWN .0001 OR 1 basis points

USA/Japan: 143.09 UP 1.08 OR YEN IS DOWN 108 BASIS PTS//

Great Britain 10 YR RATE 4.0355 UP 1 BASIS POINTS //

Canadian dollar DOWN .0002 OR 4 BASIS pts  to 1.3502

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The USA/Yuan,  CNY ON SHORE CLOSED DOWN AT 7.0161 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (6.9989)

TURKISH LIRA:  34.18 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield  at +0.863

Your closing 10 yr US bond yield UP 1 in basis points from THURSDAY at  3.762% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.107 UP 1 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 3.604 UP 4  BASIS PTS.

GOLD AT 11;00 AM 2636.70

SILVER AT 11;00: 31.10

Your  11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates:  FRIDAY CLOSING TIME 11:00 AM//

London: CLOSED DOWN 83.81 PTS OR 1.01%

German Dax :  CLOSED DOWN 148.70OR 0.76%

Paris CAC CLOSED DOWN 156.04 PTS OR 2.00%

Spain IBEX CLOSED DOWN 90.60 OR 0.75%

Italian MIB: CLOSED DOWN 602.14 OR 1.73%

WTI Oil price  68.12 12 EST/

Brent Oil:  71.38 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  92.76 ROUBLE UP 1 AND  60/100      

GERMAN 10 YR BOND YIELD; +2.1195 DOWN 2 BASIS PTS.

UK 10 YR YIELD: 4.0355 UP 1 BASIS POINTS

CDN 10 YEAR RATE: 2.956 DOWN 5 BASIS PTS.

CDN 5 YEAR RATE: 2.739 DOWN 5

CLOSING NUMBERS: 4 PM

Euro vs USA 1.1127 DOWN 0.0031 OR 31 BASIS POINTS

British Pound: 1.3362 DOWN 0.0002 OR 2 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.035 UP 3 BASIS PTS//

JAPAN 10 YR YIELD: 0.865

USA dollar vs Japanese Yen: 143.82 UP 1.812 UP 181 BASIS PTS//

USA dollar vs Canadian dollar: 1.3530 UP 0.0023 CDN dollar DOWN 23 BASIS PTS

West Texas intermediate oil: 68.36

Brent OIL:  71.81

USA 10 yr bond yield UP 6 BASIS pts to 3.807

USA 30 yr bond yield UP 4 BASIS PTS to 4.136%

USA 2 YR BOND: UP 10 PTS AT  3.658

CDN 10 YR RATE 2.956 DOWN 2 BASIS PTS

CDN 5 YEAR RATE: 2.739 DOWN 2 BASIS PTS

USA dollar index: 100.56 UP 45 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.20 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  92.89 UP 1 AND  36/100 roubles

GOLD  2,627.75 3:30 PM

SILVER: 31.03 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 17.15 PTS OR 0.04%

NASDAQ UP 52.06 PTS OR 0.26%

VOLATILITY INDEX: 16.64 DOWN 0.32 PTS OR 1.89%

GLD: $243.06 DOWN 1.96OR 0.80%

SLV/ $28,41 DOWN 0.45 OR 1,56%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM

Powell Pours Cold Water On Rate-Cut Euphoria; USA Sovereign Risk Ominously Surges In September

MONDAY, SEP 30, 2024 – 04:00 PM

US Macro data is on a charge higher in September, surging to its strongest since late-April…

Source: Bloomberg

September markets ended on a weaker note today – after China stimulus piled on top of the super-size rate-cut sent stocks soaring in the month. European stocks ended practically unchanged on the month, US stocks up marginally and China soared…

Source: Bloomberg

All the US Majors ended the month higher, led by Nasdaq 100 (with Small Caps lagging), but overall, while the rip off the early month lows is noteworthy, the month-end gains are modest at best given the massive easing….

Source: Bloomberg

Stocks and bonds took a hit today around 1400ET when Powell said that he “doesn’t feel like The Fed is in a hurry to cut quickly.”

Additionally, Powell said “sometimes people pay too much attention to The Fed’s SEP [Dot Plot],” noting that the SEP shows two more 25bps cuts this year (less than the market).

That sent rate-cut expectations lower (hawkishly), with less than 3 cuts now priced in for 2024…

Source: Bloomberg

Stocks tumbled and yields jumped after those comments, but they remain notably decoupled on the month (10Y yield -10bps, S&P +2%)…

Source: Bloomberg

Bond-Stock correlation has flipped negative (after over a year positive) where bond gains have helped buffer stock losses

Source: Bloomberg

“It’s wise to be on high alert,” Deutsche Bank strategist Jim Reid put it nicely in his morning commentary today. “One small shock could move things very quickly.”

Energy names were September’s biggest losers while Discretionary and Utes outperformed (an unusual combination of cyclical and defensives)…

Source: Bloomberg

While all stock indices were higher, so Treasury yields were lower across the board in September (with the short-end outperforming significantly) despite a decent surge higher in rates today (2Y +10bps)…

Source: Bloomberg

The yield curve steepened dramatically in September with 2s10s dis-inverting notably (before flattening a little in the last few days)…

Source: Bloomberg

The dollar fell for the third straight month in September. Most of the pain was as inflation and payrolls data hit early in the month. Since then the dollar has oscillated sideways, amid the Fed cuts and China stimmies…

Source: Bloomberg

Gold rallied for the 7th month in the last 8 (and its best month since March)…

Source: Bloomberg

Oil prices fell for the third straight month (September was the worst month for WTI since October 2023)…

Source: Bloomberg

Bitcoin rallied in September (its best month since May)…

Source: Bloomberg

…as, finally, if M2 is to be believed, crypto is about to breakout…

Source: Bloomberg

What will The Fed do about soaring gold and crypto and USA sovereign risk spiking like Zimbabwe…

Source: Bloomberg

Has anyone else noticed this? Is this why The Fed cut rates?

END

MORNING TRADING

AFTERNOON TRADING///

II USA DATA

III USA ECONOMIC NEWS

the destruction of Spruce Pines infrastructure for their two quartz mines is going to be devastating and very inflationary once it is fixed:

“Modern Economy Rests On Single Road” In North Carolina Where Hurricane Collapsed Bridges 

Monday, Sep 30, 2024 – 10:05 AM

In March, a Wharton professor who studies artificial intelligence and start-ups claimed on X, “The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that are the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers.” 

Ethan Mollick noted at the time, “There are no alternative sources known” if supply disruptions were seen in Spruce Pines. 

The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that is the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers.

There are no alternative sources known. From Conway’s Material World: pic.twitter.com/mYfrfub8dw— Ethan Mollick (@emollick) March 9, 2024

Fast-forward to this past weekend across the Western North Carolina area, where a major disaster continues to unfold after tropical system Helene dumped torrential rains and unleashed devastating floods that pulverized entire towns, destroyed roads, highways, and bridges, and left tens of thousands without power. 

Absolutely horrid photos coming out of Spruce Pine, NC. right now, as buddies of mine are on the ground helping #Helene victims. pic.twitter.com/35fDndq7iy— Carolina Patriot (@ACarolinaGuy) September 29, 2024

I have asked for pictures on facebook. I joined the Let’s Talk #SprucePine #NC page. 12K+ Hundreds of families have loved ones unaccounted for…the roads into Spruce Pine are not passable. Bridges are collapsed. People are scared and desperate. Spruce Pine needs the… pic.twitter.com/FttEYIW3Ai— Gretchen Smith🇺🇸 (@MAGAgpsmith) September 28, 2024

The CSX rail between Erwin, TN and Spruce Pine, TN is unrecognizable, and in some cases, completely missing, lost to the floods created by #Helena. Could take months to open the route again. Terrible thing to happen. pic.twitter.com/QqhrsBDrPz— Jags Board Game & Movie Guy (@MoviePaul) September 28, 2024

x

Just took this pic moments ago from Fox… just short of two *feet* of rain at Spruce Pine… pic.twitter.com/vZySfAvmw7— 4CatDoc (@4CatDoc) September 30, 2024

Back to Mollick. He shared with his followers a detailed list of the top miners in Spruce Pine, highlighting Sibelco North America, known for producing ultra-high-purity quartz used in refined silicon wafers.

As of Monday morning, Mollick’s worst fears could be realized as Google Traffic data shows road closures around the Sibelco mining facilities and across the entire region. 

A 2018 note from Wired shows just how critical Spruce Pines area mines are for semiconductor production: “A fire in 2008 at one of the main quartz facilities in Spruce Pine for a time all but shut off the supply of high‑purity quartz to the world market, sending shivers through the industry.” 

Earlier this year, Tom’s Hardware cited Mollick’s X posts, saying the Wharton professor “provides an excerpt from Conway’s Material World, which discusses the probable “end of computer chip manufacture as we know it,” should something untoward happen at Spruce Pine or in the skies above it.” 

Here’s what folks on X are saying about Spruce Pines…

Almost every crystalline silicon photovoltaic module and semiconductor chip made in the world today relies on this mining district in western North Carolina. https://t.co/0U6fAapjiN pic.twitter.com/FiURjlLQoW— Dustin Mulvaney (@DustinMulvaney) September 29, 2024

Oh joy, what a great time to find out that a massive supply bottleneck for computer chips and solar panels exists right by a river in western North Carolina… https://t.co/CL3AyFH44w pic.twitter.com/gbdlk7BKQQ— Sean – Alberta Nuclear (@AlbertaNuclear) September 29, 2024

How do I express that I’m concerned about the people of western NC and I’m also concerned about the potential future global economic disaster because Spruce Pine is the sole producer of ultra pure Quartz for crucibles that all global semiconductor production relies on? pic.twitter.com/pcg4bonoJn— Fossil Locator (@FossilLocator) September 29, 2024

There has been no confirmation from the miner about any disruption. Well, not as of Monday morning. 

END

Time Is Running Out: US Port Strike Could Begin Tuesday; Goldman Finds Highly Exposed Retailers  

MONDAY, SEP 30, 2024 – 10:45 AM

Time is running out for the International Longshoremen’s Association (ILA) and the US Maritime Alliance (USMX)—a coalition of port operators and carriers—to form a new labor contract as the existing one expires at midnight. A no-deal scenario would mean thousands of longshoremen at three dozen facilities across 14 Gulf and East Coast ports would begin striking at 12:01 am EST. Tuesday would mark the beginning of a major supply chain storm (inflation surge) in a no-deal scenario.

Goldman analyst explained last week that a walkout by ILA members would jeopardize $5 billion in daily international trade coming into the Gulf and East Coast ports. 

Goldman’s Jordan Alliger told clients, “Upwards of $4.9bn per day is at risk in international trade along the East and Gulf coasts, along with the potential for supply chains to likely become less fluid due to emergent congestion, which in turn could result in a re-emergence of transport price inflation.”

“The biggest wild card in the presidential election that nobody’s talking about? The looming port strike that could shut down all East and Gulf Coast ports just 36 days before the election,” Flexport CEO Ryan Petersen wrote on X earlier this month. 

On Monday morning, with just a little over half the day left, a team of Goldman analysts led by Brooke Roach provided clients with the “current state of the supply chain and freight environment for the retail industry.” 

• What is happening: The International Longshoreman Association and US Maritime Alliance contract is set to expire on September 30th. Our US transports analyst, Jordan Alliger, detailed the potential ramifications should labor disruption arise at East / Gulf Coast Ports in this note published on 9/26. While we take no view on the likelihood of any outcome, our team has fielded an increased number of investor queries focused on potential disruption to US retail as a result of potential congestion, which could come at a critical shipping period for US retailers ahead of the holidays.
• Comments from retail associations: The American Apparel and Footwear Association estimates that 53% of all US apparel, footwear, and accessories imports are routed through the East and Gulf Coast ports. The AAFA also noted risk from East Coast / Gulf port disruption to impact West Coast port operations, creating strains/delays across the supply chain. Separately, the Retail Industry Leaders Association has also stated that while retailers have activated contingency plans to mitigate potential effects of work disruption, it becomes harder to mitigate the longer a work stoppage goes on.
• Our view on potential impact: We surveyed our hardlines and softlines coverage universe to assess exposure, and we found the majority of companies who responded pointed to the following: (1) A higher rate of reliance on West Coast ports for their primarily Asia-sourced product; (2) Proactive rerouting and other plans ahead of potential disruption to ensure critical product arrives on-time for holiday; (3) Other contingency plans in place, including airfreight for select items. Many companies indicated they were already planning for higher freight expense in 2H due to a variety of risk factors, with port contract negotiations one factor alongside ongoing Red Sea disruption and higher rates on spot product. That said, we note that the magnitude of potential disruption is likely a function of the length of any work disruption and subsequent port congestion (which could likely impact both West and East Coast ports). Historically, a longer period of congestion for retailers has typically been associated with a higher risk of delayed product arrival, which can be a headwind to full-price sales for holiday or seasonal items. Full detail of exposure by company is listed in the tables below.

Here is the historic labor action example the analysts laid out:

• While not an exact corollary given the higher level of importance of West Coast ports to the retail industry (a function of Asia-based supply chains), we note one historical example in 2014/15. The West Coast port labor dispute between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association lasted from June 2014 through February 2015, with the situation worsening in January and February as an apparent work slowdown escalated to closure of 29 ports for several days around Presidents’ Day weekend in 2015 before reaching an agreement on February 20th, 2015. Delayed product impacted seasonal timing of spring apparel product launches, with inventory drawdown during the initial period of disruption (likely due to delayed shipments) and then a subsequent build in inventories which lasted through the year for many companies. Several of our covered companies cited port delays as a driver of gross margin pressure, with promotional pricing in mid-2015 seen across department stores, specialty retail, mass retailers and apparel/accessories brands.

The analysts then surveyed retailers about their freight exposure at US ports. In one instance, Dollar Tree warned that half its products pass through Gulf and East Coast ports.

REPORTER: "Any comment on the strikes in Yemen, Mr. President!?"

BIDEN (or whatever's left of him): "I've spoken to both sides. They gotta settle the strike. I'm supporting the collective bargaining effort. I think they'll settle the strike."

🤔 pic.twitter.com/iFawNWdWyH

— RNC Research (@RNCResearch) September 30, 2024

Some retailers warn that supply chain snarls could spark chaos for them:

Another industry survey found which retailers will be the most flexible in an East Coast port strike environment.

Earlier this morning, when Biden was asked about “Yemen strikes,” the president responded incoherently to reporters: “I’ve spoken to both sides. They gotta settle the strike. I’m supporting the collective bargaining effort. I think they’ll settle the strike.”

Dr. Jill has had enough. 

What’s embarrassing for the nation is that Democrats lied to the American people about the president’s cognitive collapse. No wonder domestic and foreign policy is a mess.

Meanwhile… 

CNBC: What are you hearing will happen if dockworkers strike and it goes longer than a week?

Harris-Biden Commerce Sec. Gina Raimondo: "I have not been very focused on that."

What is she focused on? That is her job.

pic.twitter.com/CCpD32lrm3

— Wall Street Silver (@WallStreetSilv) September 30, 2024

Bro.

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-3&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1840759687232319851&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Ftime-running-out-us-port-strike-could-begin-tuesday-goldman-finds-highly-exposed-retailers&sessionId=1ef1357938f73f51c5c3e0e4357bb036a10bb658&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

Isn’t that your job?

IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and  PERVASIVE ANTISEMITISM/WOKISM

iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

end

END

FREIGHT ISSUES/USA/

END

VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

.

END

SWAMP STORIES

Turley: Letitia James May Be Winning The Lawfare But Losing The War

MONDAY, SEP 30, 2024 – 11:45 AM

Authored by Jonathan Turley,

James has campaigned on lawfare and the Democratic New York voters have wildly supported her weaponization of the legal system against Trump and others. Now some judges are balking…

In an age of lawfare, New York Attorney General Letitia James has always embraced the total war option. Her very appeal has been her willingness to use any means against political opponents.

James first ran for her office by pledging to bag Donald Trump on something, anything. She did not specify the violation, only that she would deliver the ultimate trophy kill for Democratic voters. James follows the view of what Prussian General Carl von Clausewitz said about war, law is merely politics “by other means.”

Yet, the political success of James in weaponizing her office has been in stark contrast with her legal setbacks in courts.

James earlier sought to use her office to disband the National Rifle Association, the most powerful gun rights organization in the country, due to self-dealing and corruption of executives. James notably did not target liberal groups accused of similar violations. The ridiculous effort to disband the NRA collapsed in court.

It did not matter. James knew that such efforts were performative and that New York voters did not care if such attacks failed. She will continue to win the lawfare battles, even if she loses the war.

This week, two of James’s best-known campaigns were struggling in court.

James is best known for her fraud case against Trump, in which she secured a $464 million fine and a ban on Trump from the New York real estate business for three years.

That penalty, which has now risen to $489 million with interest, was in a case where no one had lost a dime due to the alleged inaccurate property valuations in bank loans secured by the Trump organization. Not only where the banks fully paid on the loans and made considerable profits, but they wanted to make additional loans to the Trump organization.

In appellate arguments this week, James’s office faced openly skeptical justices who raised the very arguments that some of us have made for years about the ludicrous fine imposed by Judge Arthur Engoron.

Justice David Friedman noted that this law “is supposed to protect the market and the consumers — I don’t see it here.”

His colleague Justice Peter Moulton told her office “The immense penalty in this case is troubling” and added, “How do you tether the amount that was assessed by [Engoron] to the harm that was caused here where the parties left these transactions happy?”

The answer, of course, is the case was never about markets. It was about politics. The fact that the banks were “happy” is immaterial. Happiness in New York is a political, not legal calculus. The justices did not rule this week, but an opinion could be issued within a month.

In the same week, James faced a stinging defeat in another popular cause. James had targeted pro-life organizations for spreading supposed “disinformation” in not just opposing the use of mifepristone (the abortion pill used in the majority of abortions in the United States), but in advocating the use of reversal procedures if mothers change their minds before taking the second drug in the treatment regimen.

Critics charge that, while there are some studies showing successful reversal cases, the treatment remains unproven and unapproved. It remains an intense debate.

James, however, wanted to end the debate. She targeted pregnancy centers and was then sued by two pro-life ministries, Summit Life Outreach Center and the Evergreen Association.

Judge John Sinatra Jr. blocked James‘s crackdown as a denial of free speech. Notably, these centers were not profiting by sharing this information or advocating such reversal treatment.

James merely declared that people advocating such reversal treatments are engaged in “spreading dangerous misinformation by advertising…without any medical and scientific proof.”

It is a familiar rationale on the left and discussed in my latest book, “The Indispensable Right: Free Speech in an Age of Rage.” It is the same rationale that led to the banning and blacklisting of experts during the pandemic for views that have now been vindicated on the efficacy of masks and other issues. They were silenced by those who declared their viewpoints as dangerously unproven or unapproved, but who were themselves wrong.

James claimed a right to crack down on views that she deemed unproven, even by those who were seeking only to disseminate information rather than sell products.

It did not seem to matter to her that, in the 2018 in NIFLA v. Becerra, the Supreme Court rejected the effort by California Attorney General Xavier Becerra (now the secretary of Health and Human Services) to require crisis pregnancy centers to refer abortions.  The court refused to create an exception for requiring speech from licensed professionals.

After the effort failed to force doctors to disseminate pro-abortion information in California, James sought to prevent others from disseminating pro-life information in New York. The court ruled that, under the First Amendment, government officials cannot simply declare certain views as “disinformation” as a pretext to censor disfavored speech.

If there are harmful or fraudulent products or practices, the government has ample powers to target businesses and professionals involved with them. James, however, was seeking to silence those who advocate for a treatment that is unproven but not unlawful.

James’s legacy now includes an effort to disband a civil rights organization, deny free speech and secure confiscatory fines against her political opponents. Yet she is lionized by the media and politicians in an election that is billed as “saving democracy.”

In the end, James knows her audience, and it is not appellate judges. It does not matter to her if she is found to be violating the Constitution or abusing opponents. She has converted the New York legal system into a series of thrill-kills.

For some judges, however, the thrill may be gone.

*  *  *

Jonathan Turley is the Shapiro Professor of Public Interest Law at George Washington University and the author of “The Indispensable Right: Free Speech in an Age of Rage.”

KING REPORT

The King Report September 30, 2024 Issue 7337

Independent View of the News

The Atlanta Fed lifted its Q3 GDP estimate to 3.1% from 2.9%.  The Fed’s panicky jumbo rate cut was NOT data driven.  It was purely political, and for Powell it was self-preservation. https://www.atlantafed.org/cqer/research/gdpnow   Aug Personal Income 0.2%, 0.4% expected; Spending 0.2%, 0.3% expected Aug PCE 0.1% m/m & 2.2% y/y, 0.1% & 2.3% y/y expected Aug Core PCE 0.1% m/m & 2.7% y/y, 0.2% m/m & 2.7% y/y expected   Fed’s Favorite Inflation Indicator Hottest Since April, Govt Handouts Continue to Soar The Fed’s favorite inflation indicator – Core PCE – rose less than expected on a MoM basis (+0.1% vs +0.2% exp), but on a YoY basis, Core PCE rose from 2.6% to 2.7% (in line with exp) – the highest since April… So-called SuperCore PCE re-accelerated in August to +3.29% YoY… https://www.zerohedge.com/personal-finance/feds-favorite-inflation-indicator-hottest-april-govt-handouts-continue-soar   University of Michigan Survey of Consumers      Final Results for September 2024 Sep-24ExpectedAug-24Sep-23M-M ChangeY-Y ChangeIndex of Consumer Sentiment            70.169..469.967.83.2%3.4%Current Economic Conditions            63.363.063.371.13.30%-11.00%Index of Consumer Expectations       74.473.472.165.73.20%13.20%http://www.sca.isr.umich.edu/   UM 1-year Inflation Expectations for September were the expected 2.7%; but 5-10-year Inflation Expectations were 3.1%; 3.0% expected.   ESZs rallied when the Nikkei opened on Friday; but they peaked 17 minutes after the opening.  ESZs then had a jagged A-B-C decline that created a daily low of 5790.75 at 3:58 ET.  ESZs then commenced the Friday Rally.  ESZs plodded higher until they hit 5817.00 at 8:45 ET.  Aggressive selling then appeared.   ESZs persistently declined until they hit 5793.00 at 13:39 ET.  The afternoon rally took ESZs to 5804.50 at 14:01 ET.  But the following story halted the Friday Afternoon Rally:   Trump Calls for Google’s Prosecution over Search Results – BBG 13:52 ET  9/27/24   Trump: It has been determined that Google has illegally used a system of only revealing and displaying bad stories about Donald J. Trump, some made up for this purpose while, at the same time, only revealing good stories about Comrade Kamala Harris.  This is an ILLEGAL ACTIVITY, and hopefully the Justice Department will criminally prosecute them for this blatant Interference of Elections. If not, and subject to the Laws of our Country, I will request their prosecution, at the maximum levels, when I win the Election, and become President of the United States!  https://truthsocial.com/@realDonaldTrump   Google declined moderately on Trump’s call to prosecute Google.  NVDA hit new lows on this:   China Advised Local Companies to Stay Away from Nvidia’s AI Chips – BBG 14:27 ET  9/27/24   ESZs sank on the Google and Nvidia reports and hit a new daily low of 5782.00 at 14:31 ET.   Aggressive buying to front run the late manipulation pushed ESZs to 5802.25 at 14:57 ET.  But traders were too long; ESZs did a slow rollover and slid to 5788.50 at 16:00 ET.   The NY Fang+ Index declined early.  Near 11:00 ET Broadcom was -3.0% and Nvidia was -2.76%.  NVDA fell as much as 3.78% after China lowered the boom on its AI chips.   @zerohedge: American savings magically increased from a record low last month to a three-year high because some bureaucrat changed cell B2 in a spreadsheet. Of course, the money in the bank didn’t change by one penny for anyone, but everyone is now $500BN “richer” in xlsx terms. https://x.com/zerohedge/status/1839746329947582484   Mystery of Upward GDP Revision Solved: You Are All $500 Billion Richer Now According to a Revised Biden Admin Spreadsheet –  Biden’s Dept of Commerce run by Gina Raimondo, which runs the BEA, reported that GDP since 2020 had been revised not net markedly higher (with the exception of H2 2023) … even though banks such as Goldman warned of, and expected, a significantly negative revision to historical GDP numbers…     Back in September 2023, JPMorgan expected that GDP would catch down to GDI, resulting in a much weaker GDP print. That did not happen, because the Biden admin came up with a last minute sticksave that revised historical data to make it seem the US was stronger than previously thought…     Dept of Commerce head Gina Raimondo, the same person who one month ago told ABC that she was unfamiliar with the Bureau of Labor… decided to drastically revise the two most important data sets propping up the US economy: personal income and personal spending…     Disposable personal income (after tax) was revised 3.8% higher to $21.8 trillion, while personal spending was revised higher by about half that, or 1.7%, to $20.7 trillion… https://www.zerohedge.com/economics/mystery-upward-gdp-revision-solved-you-are-all-500-billion-richer-now-according-revised   Ex-Defense Minister Ishiba chosen to lead Japan’s ruling party and become prime minister He stressed Japan needs to reinforce its security, noting recent violations of Japanese airspace by Russian and Chinese warplanes and repeated missile launches by North Korea…     Ishiba has proposed an Asian version of the NATO military alliance… He also suggested a more equal Japan-U.S. security alliance, and said having Japanese Self Defense Forces training bases in the United States would “contribute to the strengthening of the Japan-U.S. security alliance,” though he did not elaborate… https://apnews.com/article/japan-election-new-prime-minister-ca3ba06b79c79d5dc534a0d259a7272c   The yen rallied sharply on the military hawkish Ishiba’s selection.  The yen/$ hit 142.08.  Nikkei futures tumbled as much as 6.3% (14:28 ET on Friday)?   China Industrial Profits’ Sharp Drop Bolsters Stimulus Urgency Industrial profits at large Chinese companies decreased 17.8% on year in August, after a 4.1% gain in July… Earnings growth grew 0.5% to 4.65 trillion yuan in the first eight months compared to the same period last year… The NBS blamed the August slowdown… on a lack of market demand, the effect of high temperature and floods in some areas, as well as a high base of comparison… https://www.msn.com/en-us/money/markets/china-industrial-profits-sharp-drop-bolsters-stimulus-urgency/ar-AA1rhO0o   China’s Market Marred by Glitches as Frenzy Grips Stocks With shares soaring and turnover reaching 710 billion yuan ($101 billion) in the first hour of trading on Friday, Shanghai’s stock exchange was marred by glitches in processing orders and delays… https://finance.yahoo.com/news/china-market-marred-glitches-delays-032603805.html   IBD: China’s central bank also said it will establish a swap program to make it easier for companies engage in stock buybacks. Further, Chinese banks will offer a 2.25% rate on loans for stock buybacks and for investment firms to increase shareholdings… https://www.investors.com/news/china-stocks-baba-cat-fcx-climb-on-more-beijing-stimulus/   Over the past 30 years, the Fed has NEVER commenced a rate cut cycle with PCE Core above 2.2% y/y.  Except for August 2007, an FOMC Meeting after Bear Stearns real estate-related hedge funds blew up; December 2000, when the Great US Stock Bubble burst, and June 1995, an FOMC Meeting or two after Japan stopped its first foray into zero interest rates in April 1995, the Fed has not commenced a rate cut cycle with PCE Core above 2%.  It is now 2.7% – and China is going nuclear with stimuli!     PCE Core y/y vs. Federal Reserve Upper Limit Target   Positive aspects of previous session Gasoline and oil declined sharply again; USZs were +12/32 at the NYSE close The conditioned afternoon equity rally in the US appeared. US stocks rallied early but decline sharply in the afternoon, the reverse of the usual pattern   Negative aspects of previous session The NY Fang+ Index got hammered due to Broadcom, NVDA, and Google The soaring yen crushed Nikkei futures and pulled US equities lower.   Ambiguous aspects of previous session Could the yen/$ thwart China’s massive stimulus schemes?   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5743.10 Previous session S&P 500 Index High/Low: 5763.78; 5727.34   After rebuking Trump on Wednesday, Zelensky on Thursday asked Trump to meet with him on Friday. Zelensky note to DJT: https://cms.zerohedge.com/s3/files/inline-images/truthsocialpost.jpg   @joelpollak: Zelensky just realized that interfering in the 2016 election might not have cost Ukraine anything but interfering in the 2024 election will.  (Did Zelensky become aware of US polls?)   NYT: Zelensky’s Star Power Fades on Capitol Hill – Mr. Zelensky’s visit was met with anger over what some Republicans said was a display of favoritism by the Ukrainian government for Democrats and the Biden administration during an election season… https://www.nytimes.com/2024/09/26/us/ukraine-zelensky-washington-congress.html   President Trump meets with Zelenskyy on Ukraine war: “We have a very good relationship and I have a very good relationship with President Putin. If we win, we will get it resolved very quickly.” https://x.com/bennyjohnson/status/1839675153044709857   Trump meets with Zelensky, says Ukraine leader has ‘gone through hell’ Zelensky said he and Trump would discuss the details of what a victory will look like in Ukraine.  “Ukrainians have to prevail,” he said… Trump said it’s “too early” to outline a potential deal between Ukraine and Russia to end the war but he predicted the conflict would come to a close if he wins in November… https://justthenews.com/politics-policy/elections/trump-zelensky-meeting-hes-been-through-tremendous-amount   @joma_gc: I want foreign leaders to look like they just got dental work after meeting with my President; not walk away with a pallet of cash. See Exhibit A: (A solemn looking Zelensky with DJT on Friday.) https://x.com/joma_gc/status/1839714953726492971   Israel Says It Has Hit Hezbollah’s Main HQ in Southern Beirut – BBG 11:45 ET   9/27/24   @orenbarsky:  Nasrallah has been eliminated, and there are more people celebrating it in Lebanon today than at Columbia University. (If Israel removes Hezbollah from Lebanon…)   @BillAckman: Imagine what Lebanon could become if it is rid of Hezbollah. It was a jewel of the Middle East with Beirut being its Paris until 1975.   @JewishWarrior13: Israeli senior official to the Telegraph: Netanyahu’s trip to the UN was part of a deception plan, and its purpose was to make Nasrallah believe that Israel would not take dramatic steps while Netanyahu was in the US.   @IsraelRadar_com: 1. Hezbollah is in terrible shape, says ex-IDF intel chief Hayman: Organization lost over 50% of its firepower, top commanders eliminated, many operatives in hospital. But if Nasrallah is dead, group will have to launch serious retaliation.  2. Iran is seeing its most important proxy crushed, but Tehran faces difficult dilemma: It must respond to deter IDF from expanding military campaign, but Israel at this time is dangerous & unpredictable. via @N12News   @sentdefender: Iranian Officials state that a Group of Officers and Commanders with the Islamic Revolutionary Guard Corps, including Brigadier General Abbas Nilforoushan, the Deputy Commander of Operations for the IRGC as well as the Acting Commander of Quds Force Operations in Syria and Lebanon; were all Killed in Israeli Strike on Hezbollah’s Central Command Bunker in Beirut.   @ILRedAlert tweeted at 7:57 PM ET on Fri: IDF STATEMENT: Fighter jets of the Air Force are now attacking, under the precise intelligence guidance of the Intelligence Division, the Navy and the Air Force, strategic terrorist targets of the Hezbollah terrorist organization in the Beirut area, including munitions production sites, buildings where advanced munitions were stored and the main headquarters of the organization.  (Bibi is going Michael Corleone on Israel’s adversaries.  What is Iran thinking?)   Report on Sat said Nabil Kauk, Hezbollah’s deputy head of its operations council, was eliminated.  Just hours after replacing Nasrallah as Hezbollah leader, Hassan Kahlil Yassin was ‘eliminated.’   @manniefabian on Sat: A top commander in Hezbollah’s intelligence division was killed in an Israeli airstrike in the Dahiyeh suburb of Beirut this afternoon, the IDF says.  Hassan Khalil Yassin, according to the IDF, headed a unit in Hezbollah’s intelligence division that was tasked with locating Israeli military and civilian sites in Israel to be targeted…   @IsraelRadar_com on Sat: 1. Israel imposes military blockade on Lebanon to stop arms shipments to Hezbollah, @ynetalerts reports; IDF informs Lebanon that planes arriving from Syria & Iran will not be allowed to land in Beirut. 2. IDF bombs bulldozers working to repair Syria border crossings hit by Air Force earlier this week; Israeli Navy may also stop ships for inspection as they approach Lebanon’s coastline. 3. Israel will allow regular civilian movement into Lebanon, report says.   Prime Minister Benjamin Netanyahu on Friday: “This war can come to an end now. All that has to happen is for Hamas to surrender, lay down its arms, and release all the hostages. But if they don’t, we will fight until we achieve total victory.”  https://x.com/VividProwess/status/1839673620307534077   Why killing of Hassan Nasrallah marks beginning of the end for Iran: The Times of London The face of the Iran-backed group once claimed victory over Israel, but his death shows none of its enemies are safe, writes a Chatham House fellow and Middle East expert… Iran found in Nasrallah a valuable tool for expanding its influence in the Middle East… Iran-backed groups all over the region will see in Nasrallah’s elimination and Hezbollah’s weakening a real concern about their own security. https://www.thetimes.com/world/israel-hamas-war/article/why-hassan-nasrallah-death-marks-end-iran-middle-east-m67z0cf9p   @jaredkushner: Iran is now fully exposed. The reason why their nuclear facilities have not been destroyed, despite weak air defense systems, is because Hezbollah has been a loaded gun pointed at Israel. Iran spent the last forty years building this capability as its deterrent… The Islamic Republic’s regime is much tougher when risking Hamas, Hezbollah, Syrian and Houthi lives than when risking their own. Their foolish efforts to assassinate President Trump and hack his campaign reek of desperation and are hardening a large coalition against them… As the Iranian proxies and threats dissipate, regional security and prosperity will rise for Christians, Muslims and Jews alike…     Most of Hezbollah fighters are hiding in their tunnels… (IDF has entered Lebanon to clean up.)   Fox’s @LucasFoxNews: Iran-backed Houthis fire nearly two dozen ballistic and missiles and drones at U.S. warships in Red Sea Friday. No response. Houthis fire one missile and a drone at Israel Friday. This is the response: (Massive bombing) https://x.com/LucasFoxNews/status/1840415548217176161   Israeli Air Force strikes Houthi targets in Yemen with ‘extensive’ operation https://t.co/0MovbFrAY7   @GOPIsrael: Channel 14: While Israeli intelligence scored an impressive success, the key to the operation was the courageous decision of PM Netanyahu to approve the attack.  His Defence Minister and the IDF general staff opposed the attack and wanted to consult with the Harris-Biden Administration which would have torpedoed the operation.  Bardugo (close to Bibi) says Israel now has up until November 5, US election day, to move against Iran.  The next few weeks will be interesting.   @MikeBenzCyber: Read this email. 2 months before the 2020 election, at the very highest level, the NIH, they knew (Covid). and they knew they couldn’t tell us. https://x.com/MikeBenzCyber/status/1839446514730738043     @AGHuff: Mike. They knew in late August 2019… Here is a link to the material transfer agreement for the mRNA SARS-CoV2 (COVID) “vaccine” between the Baric Laboratory at the University of North Carolina, NIH, and Moderna in December 2019.  https://x.com/AGHuff/status/1759717069195473157     The emergence date was much earlier and the government knew, and this is why the vaccine went into production in December 2019.   Today is the end of Q3. Traders want to play for the Monday Rally and Q3 performance gaming.  However, the soaring yen could upset the bullish patterns.  ESZs followed Nikkie future’s tumble on Friday.  With many hedge funds, traders, and investors getting long on China’s massive stimulus schemes, Japan could rain on the parade.  “Let’s be careful out there!”   For September, the NY Fang+ Index is up 2.51%; the S&P 500 Index is +1.59%; the DJIA is +1.84%; TLT is +2.16%; and physical gold is +6.08%.  Fangs, because they are over-owned, are typically manipulated higher at quarter end. NQZs are +48.00; ESZs are +8.50; and USZs are -5/32 at 20:22 ET.   The S&P 500 has been down 17 of the past 26 last sessions of Q3.  Quarterly rebalancing by large institutions on the final day of a quarter can thwart performance gaming.   Expected economic data and events: Sept Chicago PMI 46.8; Sept Dallas Fed Mfg. Activity -10.6; Powell speaks at 13:00 ET to the National Assn. for Business Economics conference in Nashville.   S&P Index 50-day MA: 5530; 100-day MA: 5467; 150-day MA: 5355; 200-day MA: 5229 DJIA 50-day MA: 40,758; 100-day MA: 40,026; 150-day MA: 39,594; 200-day MA: 39,181 (Green is positive slope; Red is negative slope)   S&P 500 Index (5738.17 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 4983.62 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5356.01 triggers a sell signal Daily: Trender and MACD are positive – a close below 5603.78triggers a sell signal Hourly: Trender is positive; MACD is negative – a close below 5714.66 triggers a sell signal   Biden calls Kamala Harris ‘boss’ and JD Vance ‘secretary’ in meandering remarks at gun control event https://t.co/ftUSzhkvtA   Politico: Kamala Harris’ Pennsylvania Problem (with Catholics) Here in Lackawanna County… this most Catholic part of the swing state with the second-highest Catholic population, Biden ran ahead of Hillary Clinton’s 2016 pace, enabling his narrow, one percentage point statewide victory….     Harris… has long positioned herself to the left of voters like northeastern Pennsylvania’s Catholics.     Harris didn’t do herself any favors in 2018, when as a senator she grilled a Catholic judicial nominee about whether he could remain impartial due to his membership in the Knights of Columbus, a respected Catholic fraternal organization with a strong presence in northeastern Pennsylvania… https://www.politico.com/news/magazine/2024/09/27/pennsylvania-harris-2024-election-00180099   Black voters rally to Trump in Arizona as Harris makes desperate 11th-hour border trip The Suffolk University/USA Today survey conducted Sept. 21 to 24 finds the Republican nominee up 6 points against Kamala Harris. And black voters are contributing to that 48% to 42% lead for the former president, with 29% of them backing Trump in this survey over the vice president, who has 67% support among the group.  https://trib.al/PGwQcsb   Trump: “What Kamala Harris has done is unforgivable. There’s no greater act of disloyalty than to extinguish the sovereignty of your own nation.”   Fox’s @BillMelugin_: Border Patrol union statement to @FoxNews re: VP Kamala Harris’ border visit in AZ today – her first visit to the southern border since June 2021 when she went to El Paso, TX.     “After years of not just ignoring the problem, but helping create it, Vice President Kamala Harris is finally headed down to the border. This is nothing more than for her to check the box, but what it is in reality is a slap in the face towards the men and women that put their lives on the line every day, and also a slap in the face to the American public. Where has she been?” – Art Del Cueto, VP, National Border Patrol Council.  (If Harris were winning, she would NOT go to the border & draw attention to the issue.)   Tens of thousands of illegal immigrants with sexual assault, homicide convictions roaming US streets: ICE data – Those include 62,231 convicted of assault, 14,301 convicted of burglary, 56,533 with drug convictions and 13,099 convicted of homicide. An additional 2,521 have kidnapping convictions and 15,811 have sexual assault convictions.  There are an additional 1,845 with pending homicide charges, 42,915 with assault charges, 3,266 with burglary charges and 4,250 with assault charges. https://www.foxnews.com/politics/tens-thousands-illegal-immigrants-sexual-assault-homicide-convictions-roaming-us-streets   NY Post front page on Saturday: 15,000 Killer Migrants in the U.S. – Shocking Numbers Revealed by ICE  (The MSM spiked this report!) https://x.com/TrumpWarRoom/status/1840000929463943249   The Daily Mail’s @JMRaasch: Not seeing much Democratic outrage about the 600,000 convicted criminal migrants freely roaming through the U.S…   NBC: One official told NBC News the release of the data came as a surprise to the White House.. https://www.nbcnews.com/investigations/13000-immigrants-convicted-homicide-living-freely-us-ice-data-rcna173125   White House mum amid outrage over data showing how many illegal immigrant criminals are free in US https://t.co/r5Yj6DnEaX   ICE obviously waited for an opportune time to announce its illegal immigrant crime data.  PS – Harris said she is working to find the root causes of illegal immigrations.  Numerous illegal immigrants openly claim they are coming to the US for the freebies!   DJT Sr. Advisor @JasonMillerinDC: The original Harris team knew this trip to the border today was a bad idea, but the Obama people who came in and layered them made this mistake! Total disaster!   @atensnut: Mark Cuban: “Kamala has done a good job protecting the Border.” Cuban is a moron!!!   @BP_Rising: The more Crazy Mark Cuban talks the more his lack of intelligence is displayed. He should probably shut his pie hole as his connection to The Order is becoming more and more clear.  It was pure luck that he sold his now worthless company to Yahoo at top of 2000 super bubble.   Kamala Harris makes first visit to southern border as Democratic nominee Harris announced that if elected… president, she would improve on an executive order announced by President Biden in June that barred migrants from applying for asylum when an average of 2,500 illegal migrants crossed the border for 7 consecutive days… (another vague, no specifics word salad!) https://nypost.com/2024/09/27/us-news/kamala-harris-makes-first-visit-to-southern-border-as-democratic-nominee/   Harris: “Strengthening our border is not new to me and it is a longstanding priority of mine. I have done that work.”  (At some point, voters become insulted by the blatant lies.)   @greg_price11: Recap of Kamala Harris’ border speech: – Blamed Donald Trump for the border crisis (Said DJT did nothing for 4 years to reform immigration) – Claimed that she will defend America’s sovereignty – Called for mass amnesty for millions of illegals. – No mention of today’s ICE data showing 450K convicted criminal illegals are roaming our streets. – No mention of the people whose family members were killed because of the illegals she imported. – No follow up questions from the media.   Harris called for the naturalization of illegal immigrants that have been in the US for years and Dreamers.   @TrumpWarRoom: Kamala says she’ll ask Congress for a “pathway to citizenship.” What she really means is MASS AMNESTY for millions of illegal aliens to turn them into voting-eligible citizens. https://t.co/fu677M45yM   Border Patrol Union – NBPC @BPUnion: Vice president Harris has ignored the border problem she created for over three years. She goes down there for 20 minutes for a photo op and decides to repeat some of the things the NPBC has said before. But again, where has she been the last 3 1/2 years?    Fact check on Harris speech in Douglas, Arizona: Today, VP Harris claimed that she played a role in increasing Border Patrol Agent overtime pay. This couldn’t be further from the truth. As with all things border related she was nowhere to be found when we needed her. VP Harris asserted in Arizona that CBP needed more resources.  We have apprehended over 8 million illegal immigrants over the last 4 years and now you realize we need more help 38 days before the election.   @TrumpWarRoom: National Border Patrol Council VP Art Del Cueto: “Vice President Harris went down there and she spoke to two members of management — she didn’t speak to agents… and she was there for TWENTY MINUTES for a photo op. That’s all she did. President Trump actually cares and he’s actually gone down there and met with boots on the ground.” https://x.com/TrumpWarRoom/status/1840030193257222340     ‘Border czar’ Kamala Harris panned for wearing reported $62K necklace to southern border: ‘You look ridiculous’ (But I was raised in a middle-class family!) https://t.co/mgLR6H85ZD   @KattyKay_: “The real struggle for the Harris campaign is young men, older men, men of color, white men. And they’re doing all they can…. https://x.com/Morning_Joe/status/1839626156888183170   @seanmdav: Harris is less likable than even Hillary Clinton, which is shocking to me. It’s like she was made in a lab to make men hate her.   @lakemonstercl1: Kamala was caught using actors pretending to be ex-Trump supporters in her ads! Her campaign is all smoke and mirrors! https://t.co/C4L6J8TAjQ      @BillAckman: Embarrassing.   @DailyCaller: BUSTED: Kamala’s campaign bragged on Monday that a “leading” law enforcement group had endorsed her.  It turns out that the organization is only a few months old and is run by a veteran Democrat political operative.  https://x.com/DailyCaller/status/1839701762942316954   @Holden_Culotta: RFK Jr. at Michigan Trump rally: “All you have to know is 7 words, and you never have to admit to doing anything wrong again: I was born in the middle class. The next time your boss asks you why you were late for work, what are you gonna say?” Crowd: “I was born in the middle class!”  RFK: “And the next time your wife asks you why you didn’t take out the garbage, what are you gonna say?” Crowd: “I was born in the middle class!” RFK: “And the next time your landlord asks you for the rent check, what are you gonna say?” Crowd: “I was born in the middle class!” https://x.com/Holden_Culotta/status/1839739214046605353   @PeterSweden7: Germany is implementing border controls and will be DEPORTING thousands of asylum seekers (notably Turks). France said they will be DEPORTING asylum seekers who have “broken in” to the country. Netherlands have requested to OPT-OUT of the EU migration pact. Something is changing in Europe.   @BoLoudon: RFK JR JUST GOT A ROARING APPLAUSE BY TRUMP SUPPORTERS IN MICHIGAN! “The Democrat Party is the party of Big Pharma, Big Tech, Big Ag, Big Food, the Military-industrial complex, Wall Street.” “They have all the money… We have the people.” https://x.com/BoLoudon/status/1839747791037632827   Trump on Sat: The administration couldn’t give us the Secret Service necessary because they were guarding the president of Iran, who is looking to kill Trump.  Can you believe it?… https://x.com/KarluskaP/status/1840116348258513367   @charliekirk11: Tim Walz gets heckled by students at the Michigan game and then appears to flip off the students… ex-teacher, vice presidential maturity getting rattled by some college kids. Weak! https://x.com/charliekirk11/status/1840501173457183154   CNN: Heading into the vice-presidential debate (Tuesday), Tim Walz is fighting nerves The plan for Tuesday night… will be to largely skip Vance and go right at Trump… https://www.cnn.com/2024/09/28/politics/tim-walz-vice-president-debate/index.html   Wisconsin capital city sends up to 2,000 duplicate absentee ballots, leading to GOP concerns https://apnews.com/article/wisconsin-madison-ballots-absentee-trump-932b854dbd1b128344a7ffb91c457232   DOJ sues Alabama over attempt to remove noncitizens from voter rolls (Not a parody!  DoJ claims it’s too close to the election to remove noncitizens from voter rolls) https://justthenews.com/politics-policy/elections/doj-sues-alabama-over-attempt-remove-noncitizens-voter-rolls   @BrentHBaker: Bill Maher guest Fran Lebowitz declares… President “Biden should dissolve the Supreme Court.” https://t.co/kCgjqD4kHc   Leftists are increasingly demonstrating that if they don’t get their way, they will blow up the entire USA, including the US Constitution, laws, etc.  Yet ‘they’ proclaim that DJT will destroy democracy!   @galacticaactual: President Trump calls out the media double standards: Trump: “Michelle Obama gives a speech and everyone loves it, it’s fantastic.  My wife, Melania, gives the exact same speech and people get on her case.”  https://x.com/galacticaactual/status/1839428892005990684   Note to Trump:  Here’s how to reign in the regime media: Return to pre-80s broadcasting laws No foreign ownership of the media; No big business ownership of the media: No papers can own TV stations and vice versa.  This would breakup the Big Media Oligarchy.  PS – Big Media, due to the Internet and social media, is on its last legs.  It wouldn’t take much to topple the house of marked cards.   Americans stunned after learning ingredients in US McDonald’s compared to UK’s McDonald’s French fries in the UK contain just three ingredients: potatoes, oil and salt, but the US version contains six ingredients including natural beef flavor, dextrose and sodium acid pyrophosphate (SAPP)… the main difference is in the bun which contains 31 of the 68 ingredients in the US, while the UK version has just 19… https://t.co/hf9nGYqOQo   Key House chairman to ask Congress to repudiate Democrats’ J6 findings in face of new evidence Probes by Just the News and Congress reverse more than a dozen narratives that Democrats first claimed after the Capitol riots, particularly those aimed at former President Trump.     There’s no doubt that Trump did in fact order the Pentagon to send troops to secure the capital city ahead of the Jan. 6, 2021, certification of electoral votes, but political and military brass declined to do so. And yes, there were both intelligence and security blunders by police that led to the breach of one of America’s most storied buildings… The goal, Loudermilk said, is to make sure that future generations of Americans know that the Democrat Jan. 6 committee had created a predetermined political story filled with errors and innuendo instead of a neutral presentation of evidence… https://justthenews.com/government/diplomacy/sunkey-house-chairman-ask-congress-repudiate-democrats-j6-findings-face-new   NBC: The number of people with a favorable opinion of Swift declined compared to last year in the latest NBC News poll. Swift endorsed Kamala Harris several weeks ago.      About 47% of Republicans say they view Swift negatively in a poll conducted days after her presidential endorsement, a sharp uptick from the 26% who reported viewing her negatively in NBC’s Nov. 2023 poll…   Among Democrats, 58% view Swift in a positive light, a slight increase from 53% in 2023. About 26% of independents have a positive attitude toward Swift, a drop from 34% in 2023…      The significant shift from Republican voters has pushed Swift’s overall favorability rating among registered voters lower than last year, decreasing from 40% in 2023 to 33% this year. While 16% had negative feelings about her in 2023, 27% say they do now… https://www.nbcnews.com/politics/bad-blood-republicans-drives-decline-taylor-swifts-poll-numbers-rcna172999

FL Attacks Vax, FluMist Dangers & Trump Tried to Stop CV19 Vax – Karen Kingston

By Greg Hunter On September 28, 2024 In Market Analysis, Political Analysis18 Comments

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Karen Kingston is a biotech analyst and former Pfizer employee who has been reporting on the nightmare of the CV19 mRNA nanoparticle vax from the beginning.  She was one of the first to warn of the dangers and called this CV19 “vaccine” a bioweapon.  Kingston predicted death and injuries from the CV19 vax such as heart attacks, auto-immune disease, blood clotting and turbo cancers that are all still happening in great numbers.  Now, Kingston joins us with updates on the battle of getting the mRNA CV19 vax removed in Florida.  Kingston also has warnings on a new product called FluMist nasal spray and the possible dangers associated with it.  Finally, there is new information on President Donald Trump’s effort to stop the rollout of the CV19 vaccine and how Big Pharma and the government thwarted that effort.   Finally, we learn more about President Trump’s contract with Pfizer that strips it of its liability shield and makes it NOT part of Warp Speed.  Today the CV19 vax has been called a “bioweapon” by many experts.  Kingston begins with Florida’s CV19 battle to get the mRNA vax removed from the shelves in that state.  Kingston says, “Some big news happened just two weeks ago.  Florida Surgeon General Joe Ladapo and the Florida Department of Health issued guidance to all healthcare providers in the state saying do not use the Covid 19 injections in anybody. . . . Ladapo also said if you do use the CV19 injections, you need to disclose all the dangers.  This includes tampering with the DNA of the cells, all of the diseases it causes with a high rate of death. . . . So, Ladapo and the Florida Department of Health have taken a solid stance that says the Covid 19 injections should not be used in anyone.”

Even though the CV19 vax has documented widespread problems of death and injury, the DeSantis Administration in Florida is fighting to NOT take it off the shelves in Florida.  A court case has been filed, and the DeSantis Administration recently tried and failed to get the case dismissed.  So, it’s something to watch for in the Florida courts.

There is a new flu vaccine called FluMist that is a nasal spray.  Astra Zeneca says this product is a “needle-free, self-administered vaccine.”  Sounds harmless, but Kingston says there is a good chance you will get the flu from this product and then shed the flu to other people for 11 days, according to company data.  Kingston says, “You spray this up your nose and it infects you with a lab creation of the flu.  What happens?  You get the flu. . . . you get chills, abdominal pain and fever.  Some children got fever of 104 degrees. . . . You are better off being exposed to the flu in nature. . . . This spray goes straight to your brain, and this is probably why some of the listed side effects are neurological side effects.  Why would you deposit a “fierce” lab created version of the flu directly up into your nasal passages?  It’s insanity.”

Finally, an update on the CV19 Trump/Pfizer contract.  Most people don’t know that President Trump tried to stop the rollout of the CV19 vaccine.  He tried to do it with Hydroxy Chloroquine (HCQ) and Azithromycin (Z-Pak).  This combination was proven to stop Covid by the late Dr. Vladimir Zelenko in New York.  He saved 9,000 Covid infected patients when the pandemic started without a single death.  Trump got an Emergency Use Authorization (EUA) for the use of this HCQ and Z-Pak combination.  Kingston says, “Trump knew it was safe and said, ‘At least it won’t kill you.’”  Big Pharma attacked this safe and effective CV19 solution with lies and phony fraudulent research to discredit it.  The CV19 shots went into production after that, and the rest is history.

Meanwhile, Donald Trump wrote a Pfizer CV19 contract that traded company immunity for death and injury for the rights to the intellectual CV19 vax property.  The CV19 vaccine had to be “safe and effective.”  The contract says this many times.  Pfizer ran the show and kept the damaging data on how dangerous the Pfizer CV19 injections were.  It is still withholding this information today.  Pfizer had more than 80% of the CV19 vax market in the U.S.  Kingston also points out, “Trump said on the media that the CV19 booster thing was a giant scam, and Pfizer was milking people for their money.  Trump seemed really irritated.  You know why?  In the Trump/Pfizer contract, it said there was not going to be a booster.  It was two shots and done.  It said in the contract that Pfizer was going to develop a state-of-the-art vaccine with BioNTech, not the U.S. government. . . . Pfizer promised to deliver shots, and they would stop infection and transmission of the SARS-CoV-2 virus and all of its variants. . . . You did not need a booster.  This is why Trump was so irritated.”

Pfizer is being sued all over the world, including two state AGs from Texas and Kansas for a variety of charges because the shots were supposed to be “safe and effective,” and they were anything but.  According to Kingston, “Pfizer and the FDA had a legal obligation to disclose the harmful effects to the American people.”  Kingston thinks lawsuits against Pfizer are going to dramatically increase in the months and years to come.  Remember, Pfizer has zero immunity, according to the Trump/Pfizer contract.  Kingston says, “Everyone should be suing Pfizer . . . for willful injury, attempted battery, assault and murder.”

There is much more in the 1-hour & 20-minute in-depth interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned biotech analyst Karen Kingston as she gives groundbreaking updates and analysis on the ongoing CV19 mRNA bioweapon vax nightmare 9.28.24.

After the Interview:

https://usawatchdog.com/fl-attacks-vax-flumist-dangers-trump-tried-to-stop-cv19-vax-karen-kingsto

To see the actual Trump/Pfizer CV19 contract click here.

There is much free information on Kingston’s Substack.

GREG HUNTER

SEE YOU ON TUESDAY//