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NBA Owners' net worth (Dan Gilbert's net worth rose from $7.5 billion to $45.3 billion this year)

...After his company went public. I had to include that in the title. Maybe now he won't be such a cheap bastard with his GMs. I had no idea Gilbert was now the second richest owner in the league.
Which made me wonder what other owners are worth (the title of this post was almost "why is Tilman Fertitta such a cheap bastard while Joe Lacob spends money like he thinks the shit's gonna rot?").
Which brings us to this handy Forbes list from March:
1. Steve Ballmer (Los Angeles Clippers): $51.4 billion
Ballmer scored a huge win this week for his dream of building a new arena. He bought the Forum for $400 million from the Madison Square Garden Company, which tried to block a new Clippers arena near the Forum in Inglewood, California.
2. Philip Anschutz (Los Angeles Lakers): $11.2 billion
Anschutz owns one-third of the Lakers, plus the arena in which they play, the Staples Center, in addition to the NHL’s Kings. \For those wondering, it's hard to find a reliable source on Jeanie's net worth but according to unreliable sources it's in the ballpark of $500 million*
3. Stanley Kroenke (Denver Nuggets): $10 billion
The real estate and sports mogul owns teams in the NBA, the NHL, the NFL, MLS and the Premier League.
4. Joseph Tsai (Brooklyn Nets): $9.9 billion
The cofounder of Alibaba Group completed his purchase of the Nets last year for $2.3 billion and bought the Barclays Center for an additional $1 billion.
5. Robert Pera (Memphis Grizzlies): $7.1 billion
Pera owns nearly three-quarters of wireless equipment maker Ubiquiti Networks. He was the lead investor in the Grizzlies purchase in 2012.
6. Daniel Gilbert (Cleveland Cavaliers): $6.2 billion
Gilbert made his first fortune from Quicken Loans, the largest online mortgage lender, which he cofounded in 1985 at 22 years old.*List is from March, before the IPO
7. Tom Gores (Detroit Pistons): $5.7 billion
Gores and his brother Alec are both private equity billionaires. The Pistons opened a new $90 million headquarters and training facility in September.
8. Micky Arison (Miami Heat): $5.3 billion
Arison’s net worth plummeted 33% over the past six weeks with the collapse in the stock price of Carnival Corp. The world’s largest cruise ship operator was founded by Arison’s father in 1972.
9. Tilman Fertitta (Houston Rockets): $4.4 billion
Fertitta furloughed roughly 40,000 employees at his casino and restaurant empire to curb the economic impact caused by coronavirus-induced shutdowns. His fortune is derived from his ownership of the Golden Nugget Casinos and Landry’s, a Texas-based restaurant and entertainment company.
10. Mark Cuban (Dallas Mavericks): $4.3 billion
Cuban was one of the first sports team owners to commit to paying hourly arena workers for games missed during the coronavirus crisis. He’s invested more than $20 million as a “shark” on ABC’s popular Shark Tank show.
11. Joshua Harris (Philadelphia 76ers): $3.7 billion
Harris cofounded private equity powerhouse Apollo Global Management in 1990 with fellow billionaires Leon Black and Marc Rowan. He remains a managing director there.
12. Gayle Benson (New Orleans Pelicans): $3.2 billion
Benson inherited the Pelicans and the NFL’s Saints when her husband, Tom, died in 2018.
13. Glen Taylor (Minnesota Timberwolves): $2.8 billion
His printing firm, Taylor Corp., generates more than $2 billion in revenue annually. Taylor also owns stakes in Minnesota’s MLS and WNBA teams.
14. Herb Simon (Indiana Pacers): $2.6 billion
The real estate mogul bought the Pacers with his since-deceased brother, Melvin, in 1983, for $10.5 million. Simon Property Group is one of the world’s largest real estate investment trusts, with 206 properties in the U.S.
15. Antony Ressler (Atlanta Hawks): $2.4 billion
Ressler cofounded private equity firm Ares Management in 1997. He owns a small piece of the Milwaukee Brewers, in addition to his controlling stake in the Hawks.
16. Michael Jordan (Charlotte Hornets): $2.1 billion
The NBA’s GOAT sold a minority stake in the Hornets in September in a deal that valued the team at $1.5 billion. Nike pays Jordan more than $100 million annuallybased on growing sales for the company’s Jordan Brand.
17. Marc Lasry (Milwaukee Bucks): $1.8 billion
Lasry, a hedge fund titan, joined Wes Edens to buy the Bucks in 2014 for $550 million. He was born in Morocco and moved to the U.S. at age 7 with his family.
18. Gail Miller (Utah Jazz): $1.7 billion
Miller transferred ownership of the Jazz in 2017 to a family legacy trust to deter her heirs from selling or moving the team. Gail and her since-deceased husband, Larry, bought the team for $22 million in 1986.
19. Jerry Reinsdorf (Chicago Bulls): $1.5 billion
Reinsdorf led a group of investors who bought a controlling stake in the Bulls for $9.2 million in 1985. Good timing. It was one year after the team drafted Michael Jordan, who led the Bulls to six NBA titles. The team is now worth $3.2 billion.
20. Theodore Leonsis (Washington Wizards): $1.4 billion
Leonsis initially built his fortune as a senior executive at AOL, before investing in sports teams like the Wizards and the NHL’s Capitals.
*Not included on the list but googled for your edification:
DeVos Family (Magic): $5.4 billion
James Dolan (Knicks): $2 billion
Joe Lacob (Warriors): $1.2 billion
Vivek Randive (Kings): $700 million
Robert Sarver (Suns): $400 million
Jody Allen (Trail Blazers): The sister of Microsoft cofounder, Paul G. Allen, took control of the team after his death. At the time her brother was worth $20 billion though he intended to give most of his fortune away...
Boston Basketball Partners LLC (Celtics): An American local private investment group formed to purchase the Boston Celtics
Maple Leaf Sports & Entertainment (Raptors): The Raptors are a subsidiary of MLSE
The Professional Basketball Club, LLC (Thunder): A group of OKC businessmen "who represent a wide variety of local and national business interests" owns the Thunder
Spurs Sports & Entertainment LLC (Spurs): An American sports & entertainment organization, based in San Antonio, Texas owns the San Antonio Spurs
submitted by whoriasteinem to nba [link] [comments]

Tuesday, 26 January 2021

Tuesday, 26 January 2021
Live Updates
First Post:
https://www.reddit.com/wallstreetbets/comments/kuwg1e/i_have_a_discount_trading_bot_which_gives_out/
Background:
Bot Overview:
It's showing an opportunity that you may have missed otherwise, so you can decide for yourself if you want to pursue the discount of a stock for potential profits. Backtesting has not been done, do not YOLO your life savings into whatever stated risking it all. Rather use this as a side tool.
Key:

At Close of Monday

Batch 1:
Maybe:

Batch 2: Company | Current Price | Average Price
Call:
Potential Call:

At Open of Tuesday

Batch 1:

Maybe:

Batch 2: Company | Current Price | Average Price
Call:
Potential Call:

Batch 3:

Donation Link:
I have created a donation link (as many of you guys requested that I do) just as an addition to help support and motivate me to continue.
www.paypal.me/WallStreetTrader
Update:
Will update close it in an hour of this post.
Suggest tickers, I will add them to the database.
Adding batches
Close Batch 2 Added 10:03 pm Monday, 25 January 2021 (GMT-5) Time in New York, NY, USA
Close Batch 1 Added 8:26 am Tuesday, 26 January 2021 (GMT-5) Time in New York, NY, USA
Open Batch 2 Added 9:59 am Tuesday, 26 January 2021 (GMT-5) Time in New York, NY, USA
Open Batch 1 Added 10:06 am Tuesday, 26 January 2021 (GMT-5) Time in New York, NY, USA
More tickers added.
submitted by DumplingGoddessTe to WallStreetTrader [link] [comments]

Monday, 25 January 2021

Monday, 25 January 2021
Live Updates
First Post:
https://www.reddit.com/wallstreetbets/comments/kuwg1e/i_have_a_discount_trading_bot_which_gives_out/
Background:
Bot Overview:
It's showing an opportunity that you may have missed otherwise, so you can decide for yourself if you want to pursue the discount of a stock for potential profits. Backtesting has not been done, do not YOLO your life savings into whatever stated risking it all. Rather use this as a side tool.
Key:

At Close of Friday

Batch 1:
Maybe:

Batch 2:
Call:
Potential Call:

At Open of Monday

Batch 1:

Maybe:

Batch 2:
Call:
Potential Call:

Batch 2 (11am GMT-5 Dip):
Call:
Nothing great is showing just the same probably not synced, just buy whatever you were thinking about buying during this dip. CRSP (Batch 1) is decent but I'm too tired to comprehend what's going on. VIX is at 8% day so expect things to go temporarily.

Batch 3:

Donation Link:
I have created a donation link (as many of you guys requested that I do) just as an addition to help support and motivate me to continue.
www.paypal.me/WallStreetTrader
Update:
Will update close it in an hour of this post.
Suggest tickers, I will add them to the database.
Adding batches
Close Batch 1 Added 7:26 am Monday, 25 January 2021 (GMT-5) Time in New York, NY, USA
Close Batch 2 Added 7:35 am Monday, 25 January 2021 (GMT-5) Time in New York, NY, USA
NEW: Will be adding estimated selling price for open.
Open Batches will be updated 30minutes after open.
Open Batch 1 Added 10:06 am Monday, 25 January 2021 (GMT-5) Time in New York, NY, USA
Open Batch 2 Added 10:12 am Monday, 25 January 2021 (GMT-5) Time in New York, NY, USA
Open Batch 2 Rerun 11:15 am Monday, 25 January 2021 (GMT-5) Time in New York, NY, USA
submitted by DumplingGoddessTe to WallStreetTrader [link] [comments]

[US Promotion] I would like to celebrate Thanksgiving by gifting you all books!

UPDATE: More books added by siffis and West1234567890 further down
If are late coming across this post then do not worry you can still message me your email for a book.
To celebrate my day off today and Thanksgiving tomorrow I would like to gift my audiobooks.
In order to recieve a free audiobook gift just message me any title (below) along with your email address. If you have not recieved a gift before then you will get the audiobook for free. More details here and here. I am in the US market (but I hear from Canada and UK that it still works).
Books crossed out are not available.
TITLE - AUTHOR (Ordered by author)

siffis has generously offered to include his collection. If you like any of the books below then message directly.

West1234567890 [Also added additional books below](https://www.reddit.com/audible/comments/k0s76n/us_promotion_i_would_like_to_celebrate/gdlwylu?utm_source=share&utm_medium=web2x&context=3).
submitted by BooksAreBelongToUs to audible [link] [comments]

Nearly 500 movies since March

Tldr: my wife saw almost 500 new movies this year.
Hello movies, it’s been a crazy year hasn’t it... Theaters are closed, production has (for the most part) ground to a halt and what was scheduled for release has moved to a streaming service or was delayed to next year or both. With the initial quarantine back in March starting I decided to take this unprecedented opportunity to give my wife the catch-up she desperately needed since she didn’t watch very many movies growing up.
A little backstory, she grew up in a home where many movies were forbidden for religious reasons and as a result just never became a cinephile. She saw many Disney movies and a few random others but missed a vast majority of cinemas best (and worst). On the flip side I grew up near a regular theater and a dollar theater and saw a ton of films as a kid and teen, I’d regularly go on weekends or skip school for a triple feature or catch the last showing of something every night of the week.
We’ve been together for almost 11 years now and she would go see anything and everything with me. All the Marvel movies, action comedies, sci fi, animation, whatever... but her movie knowledge is fairly contained within the last decade. So when I got laid off and she began working from home we decided to see how many new movies we could see during this Covid mess.
We defined “New” as anything we had both never seen or anything she had never seen and I hadn’t seen in 10+ years since we met. Since mid March we have managed to watch 500 movies and in the process learn a few things about her individual tastes and the kinds of movies we enjoy watching as a couple the most. I’m going to drop a list of everything we saw, after the list I’ll highlight a few hidden gems we both loved...
Dr No. - From Russia With Love - Thunderball - You Only Live Twice - Goldfinger - On Her Majesty’s Secret Service - Diamonds Are Forever Never Say Never Again - Live and Let Die - The Man With the Golden Gun - For Your Eyes Only - The Spy Who Loved Me - Moonraker - Octopussy - A View to a Kill - The living Daylights - License to Kill - Goldeneye - Tomorrow Never Dies - The World Is Not Enough - Die Another Day - Casino Royale - Quantum of Solace - Skyfall - Spectre - Enter the Dragon - Way of the Dragon - The Big Boss - Fist of Fury - Game of Death - Bruce Lee: The Man, The Myth - Bruce Lee: The Legend - The Birds - Dora and the Lost City of Gold - The Brady Bunch Movie - A Very Brady Sequel - Planes, Trains, and Automobiles - Kingpin - Leave It To Beaver - Speed - Cuban Fury - Adventures of Robin Hood (1938) - Weird Science - Keeping Up With the Joneses - Blades of Glory - Zoolander - Semi-Pro - So I Married An Axe Murderer - Disaster Movie - Oceans 11 - Dude, Where’s My Car? - Undercover Brother - Superstar - Zombieland - Men In Black: International - Snatch - Earth Girls Are Easy - Mystery Team - Once Upon A Time In Hollywood - Rush Hour - Miss Congeniality - Pitch Perfect 3 - There’s Something About Mary - Gone in 60 Seconds - Young Frankenstein - 300 - Scouts Guide to the Zombie Apocalypse - Wayne’s World - Wayne’s World 2 - Rocketman - Beverly Hills Ninja - Murder on the Orient Express - Friday - 9 to 5 - Drunken Master - The Naked Gun - Baywatch - Forbidden Planet - Baseketball - Hot Shots - Hot Shots: Part Deux - Anchors Aweigh - Mamma Mia - Tommy Boy - Clue - Dumb and Dumber - Monty Python’s Meaning of Life - Monty Python’s Life of Brian - Rango - Sausage Party - Broken Lizard’s Club Dredd - Flintstones - A Knights Tale - Stuck on You - Coneheads - Land of the Lost - Police Academy - Police Academy 2: The First Mission - A Night At the Roxbury - Holmes and Watson - Anchorman - Anchorman 2: The Legend Continues - Talladega Nights: Ballad of Ricky Bobby - Osmosis Jones - Venom - Sherlock Gnomes - Austin Powers: International Man of Mystery - Austin Powers 2: The Spy Who Shagged Me - Austin Powers 3: Goldmember - Mystery Men - Star Wars Episode IX: The Rise of Skywalker - Escape From New York - Escape From LA - Napoleon Dynamite - Total Recall - Major Payne - Mars Attacks - Shaolin Soccer - Let’s Be Cops - The Great Outdoors - Smokey and the Bandit - Smokey and the Bandit - Kicking and Screaming - Kiss Me Kate - The Spy Who Dumped Me - The House - The Wiz - Shaolin vs Lama - Close Encounters of the Third Kind - Kung Fu Gold - Smokey and the Bandit Part 3 - Saturday Night Fever - 48 Hrs - Another 48 Hrs - Enter the Invincible Hero - Ip Man - Shaolin Drunk Fighter - The Great Wall - Smokin’ Aces - Down Periscope - The Naked Gun 2 1/2: The Smell of Fear - Hero - The Towering Inferno - The Sitter - Isn’t It Romantic - Jackie Chan’s First Strike - The Dead Don’t Die - Shallow Hal - Kiss of the Dragon - Rapid Fire - The Invincible Armour - Innerspace - Date Movie - The Lost World (1960) - It Came From Outer Space (1953) - The Body Snatcher (1954) - Time Bandits - Bad Times at the El Royale - The Shadow - A Fantastic Fear of Everything - The Ladykillers - Flash Gordon - Naked Gun 33 1/3: The Final Insult - Robin Hood (2018) - Enemy of the State - Kill Bill Vol 1 - Kill Bill Vol 2 - Some Like It Hot - She’s Working Her Way Through College - Stir Crazy - Zombieland: Double Tap - Mystery House - Jet Li’s Fearless - Desperado - Ed TV - Ready Player One - Shaolin Kung Fu Mystagogue - Back to the Future - Back to the Future II - Back to the Future III - Tango & Cash - The Burbs - Sherlock Holmes: Terror by Night - Casablanca - Circle of Iron - Beavis and Butt-Head Do America - Missing in Action - Missing in Action 2: The Beginning - National Treasure - Shaolin Fighters Vs Ninja - Fast Times at Ridgemont High - The Running Man - Little Cigars - Legion of Iron - Green Dragon Inn - The Warriors - High Anxiety - Joe Versus the Volcano - Chinese Hercules - Predator - Predator 2 - Coming To America - Legend - Five Kung Fu Daredevil Heroes - Pretty In Pink - Timecop - The Castle of Fu Manchu - Gator - The Mystery of Mr Wong - Robocop - Double Teamed - The Forbidden Kingdom - Sharknado - Sharknado 2: The Second One - Sharknado 3: Oh Hell No! - Meatballs - Young Guns - The Addams Family (2019) - I Come In Peace - Masters of the Universe - Conan the Barbarian - Demolition Man - Sudden Death - The Heat - I’m Gonna Git You Sucka - Mortal Kombat - Unleashed - Curse of the Swamp Creature - The Cabinet of Dr Caligari - Messages from Space - John Carpenter’s The Thing - Stroker Ace - Dragnet - Of Cooks and Kung Fu - To Be Or Not To Be - Silver Streak - The Hustle - Sixteen Candles - Young Tiger - The Spy Next Door - Half Baked - Funny Girl - Phase IV - Point Break - Tank Girl - Universal Soldier - Conan the Destroyer - Lethal Weapon - Gojira - The Deadly Silver Spear - Car Wash - Hard Target - Big Trouble in Little China - Blade - Looper - Five Fingers of Steel - Clash of the Titans (1981) - Blade II: Bloodhunt - Showdown in Little Tokyo - Journey to the West: Conquering the Demons - Enter the Fat Dragon - UHF - The Falcon in Danger - Roadhouse - The Falcon Strikes Back - The Falcon and the Co-Eds - The Falcon Out West - Jumanji: The Next Level - Cyborg - Masterminds -?The Falcon in Mexico - The Falcon in Hollywood - The Falcon in San Francisco - Blade: Trinity - The Falcon’s Alibi - The Falcon’s Adventure - Dick Tracy, Detective - The Ape - Big - What We Do In The Shadows - The Departed - Gemini Man - Crippled Avengers - Camp Takota - Dick Tracy vs Cueball - Brightburn - Kickboxer - The Five Venoms - The Weird Man - Hellbound - Assassins Creed - The Flag of Iron - Trolls: World Tour - Masked Avengers - Dick Tracy’s Dilemma - Dick Tracy Meets Gruesome - Upgrade - The Cabin in the Woods - True Lies - The Maltese Falcon - Last Action Hero - Espionage in Tangiers - The Man From U.N.C.L.E - Saving Silverman - Dead End - Breakfast at Tiffany’s - Showtime - The Dark Tower - Tomb Raider - Five Elements Ninjas - Cherry 2000 - Johnny Cool - Freaks - Phantom Raiders - Wonder Park - Running Scared - The Bad News Bears - Cat People - The Happytime Murders - Double Impact - Murder, My Sweet - Tammy and the T-Rex - The House With a Clock in Its Walls - War - Street Fighter - Ex Machina - Attack The Block - The Avenging Eagle - Jexi - Ghost - Bad Girls From Mars - Cook Off! - Alita: Battle Angel - The Blob - Invasion U.S.A. - Journey Into Fear - Sharknado: The Fourth Awakens - Barb Wire - Cloverfield - Searching - Death Warrant - Invasion of the Body Snatchers (‘78) - Critical Condition - Stan & Ollie - Mystery in Mexico - Slaughterhouse Rulez - The Adventures of Prince Achmed - The Crawling Eye - Beyond a Reasonable Doubt - Chinatown - The Fly - Stagecoach - The Replacement Killers - Ishtar - The Jesus Rolls - The Getaway - Sky Murder - Action Jackson - Snake Eyes - Sharknado 5: Global Swarming - The Last Sharknado: It’s About Time - G.I. Joe: The Movie - Bad Boys - Bad Boys II - Bad Boys For Life - Movie Struck - Bohemian Rhapsody - Spies in Disguise - Blacula - Zis Boom Bah - Rock ‘n’ Roll High School - Hong Kong Confidential - Judge Dredd - Dick Tracy (1990) - The Cool and The Crazy - Die Hard - Queen of Outer Space - In Bruges - Armored Car Robbery - Fargo - Not So Dumb - Old Dracula - Creature From the Black Lagoon - The Invisible Man - The Green Slime - Don’t Breathe - Tenet - Vampyr - The Haunting - Scream Blacula Scream - The Monster Squad - The Cat and the Canary - Halloweentown - Halloweentown II: Kalabar’s Revenge - Scoob - The Mummy (1959) - A Quiet Place - The Haunted Mansion - Halloweentown High - Mom’s Got A Date With A Vampire - Plan 9 From Outer Space - Trick ‘r’ Treat - Lemora: The Lady Dracula - Under Wraps - The Little Shop of Horrors (1960) - The Mad Monster (1942) - Carnival of Souls - Happy Death Day - The Craft - Scream - Rear Window - Yongary, Monster From the Deep - Snakes On A Plane - Cosmic Monsters - The Comedy of Terrors - Killers From Space - Friday the 13th - House on Haunted Hill - The Adventures of Buckaroo Banzai Across the Eighth Dimension - Roald Dahl’s The Witches - The Lost Boys - Attack of the Puppet People - Ready or Not - Return to Halloweentown - Mr. Boogedy - Early Man - Howard the Duck - Dr Goldfoot and the Bikini Machine - Stop! Or My Mom Will Shoot - Good Boys - Sky High - We Bare Bears the Movie - Raising Arizona - Book Club - Ferdinand - Police Story - The Wolf of Wall Street - Casino Royale (‘67) - CB4 - Xanadu - Johnny Mnemonic - Slumber Party Massacre - Regular Show: The Movie - Our Man Flint - Psycho - Saturday the 14th - Journey to the Center of Time - Playing With Fire - Stuber - In Like Flint - Bill & Ted Face the Music - The Birdcage - The Big Sleep - Sonic the Hedgehog - Life Stinks - Dr Goldfoot and the Girl Bombs - Happy Death Day 2 U - Freejack - The Brain that Wouldn’t Die - Collision Course - Almost Heroes - The Trouble With Spies - North By Northwest - Birds of Prey: And the Fantabulous Emancipation of One Harley Quinn - The Man Who Knew Too Much - Jingle All the Way - Mexican Spitfire - The 6th Day - Kiss Kiss, Bang Bang - Deck the Halls - Santa Claus is Comin’ to Town - The Leprechauns’ Christmas Gold - The Iron Giant - Elf - It Happened on 5th Avenue - Jack Frost - The First Christmas: The Story of the First Christmas Snow - The Year Without a Santa Claus - Pinocchio’s Christmas - Grandma Got Run Over By A Reindeer - The Shop Around The Corner - Snow Day - Frozen 2 - Scrooged - The Polar Express - Rudolph and Frosty’s Christmas in July - Rise of the Guardians - Trapped in Paradise - Elf: Buddy’s Musical Christmas - Jack Frost (‘98) - Christmas with the Kranks - Nestor, The Long Eared Christmas Donkey - Dr. Seuss’ The Grinch - Santa Claus Conquers the Martians - Wonder Woman 1984 - The Wizard - Small Foot - Mom and Dad Save the World
I’ve noticed that my wife seems to prefer old movies to new ones (overall). Some Like It Hot became an instant favorite for her... She also loved seeing things like Freaks or the Hitchcock films that get referenced a lot. She’s like Captain America pointing out all the references she gets now. We also found out she loves James Bond (mostly older ones), she doesn’t hate Will Farrell as much as she thought (or at all really), she loves bad/old/obscure movies, scary movies aren’t as scary as she thought they’d be, and that she’s basically Jennifer Anniston’s character from Office Space with her crazy love for old Kung Fu.
As far as random recommendations my wife wanted to shout out all the Falcon films, Our Man Flint and In Like Flint, and Tammy & The T-Rex. I wanted to shout out The Forbidden Kingdom, Dr Goldfoot and The Bikini Girls & Dr Goldfoot and The Girl Bombs, and Old Dracula. If anybody wants to just talk movies I always welcome
I can’t wait to expand her movie history in this coming year, there’s always plenty of bad obscure movies but now that she is into it it’s time to bring out the heavy hitters. Godfather, Jaws, Alien, Citizen Cane, Clockwork Orange, 2001 A Space Odyssey and more are still in the pipeline... If you’re still with me here I want to sincerely thank you for reading about our journey this year. I love you movies, and I hope y’all have a wonderfully cinematic 2021.
submitted by Dmav210 to movies [link] [comments]

Here’s your morning coffee!

Good morning, hope everyone trades responsibly, let’s make some money!

DOW JONES

Boeing Company (BA) - Air Lease (AL) updated on its order book deliveries, sales and new significant financing occurring in Q2; at the end of the quarter, its fleet was comprised of 301 owned aircraft and 81 managed aircraft, with 398 new aircraft on order from Boeing and Airbus (EADSY) set to deliver through 2026; it delivered one new Airbus A320neo aircraft from its order book, and sold four aircraft.
Johnson & Johnson (JNJ) is facing calls from over 170 nonprofit groups to stop selling its talc-based Baby Powder worldwide, over concerns that it contains cancer-causing Asbestos, while some are also calling for the clearing of existing inventories.
Walgreens Boots Alliance (WBA) Q3 20 (USD): Adj. EPS 0.83 (exp. 1.17), Revenue 34.6bln (exp. 34.36bln), FY20 Adj. EPS view 4.65-4.75 (exp. 5.42); Suspending share repurchase programme, raises quarterly dividend to USD 0.4675/shr, a 2.2% increase. US Retail Pharmacy SSS +3.0% (exp. +1.2%). Most significant COVID-19 impact was in the UK market which required a review resulting in a non-cash impairment charge of USD 2bln. Boots (UK) will be cutting around 4,000 jobs. Annual cost savings to be in excess of USD 2bln by FY2022.

NASDAQ 100

Alphabet Inc (GOOG/GOOGL) said it has shut down its cloud project named “Isolated Region” and added that it was not weighing options to offer its cloud platform in China; earlier reports had stated that GOOG had shelved the project in China and other politically sensitive countries in May, partly due to rising geopolitical tensions and the pandemic; GOOG, however, added that the project’s shutdown was not due to either of those two reasons and that it has not offered cloud platform services in China.
American Airlines Group (AAL) / United Airlines (UAL) have temporarily halted flights to Hong Kong after its government-imposed coronavirus testing requirements for airline crews, according to Politico.
Costco Wholesale Corp. (COST) June sales update saw comparable sales (ex-gasoline and FX) rose 13.6% in the June five-week period, accelerating from the +9.2% seen in May, beating forecasts for around 9% growth.
Facebook, Inc. (FB) announced it is starting a chat with a business using QR codes, where people can scan QR codes businesses show at stores, product packaging or receipts to start a chat. It notes there are over 50mln WhatsApp Business app users globally every month.
Gilead Sciences (GILD) plans to make more of its drug remdesivir available for Germany and Europe from the fall, and will decide how much each country gets based on the rate of infection; it added that it could increase its worldwide monthly production from currently 190,000 treatment cycles to two million treatment cycles in December. Remdesivir is currently the only drug granted a conditional marketing authorisation by the EU for its use in COVID-19 patients.Oracle Corp. (ORCL) (Information Technology/Application Software) has been awarded a cloud services agreement by the Canadian government.

S & P 500

Carnival Corp. (CCL) Aida cruises are to recommence sailing vacations in August.
Ford Motor (F) said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in China in almost three years; China sales grew by 158,589 units in Q2, attributed to the rise to a stronger vehicle line up and “strong demand following the lifting of COVID-19 pandemic restrictions”.
Mylan NV (MYL) announced it received FDA approval for its Hulio, a biosimilar to AbbVie Inc. (ABBV) Humira, for the treatment of rheumatoid arthritis.
Twitter, Inc. (TWTR) has been accused of being biased against conservatives and demanded information about its reactions to two tweets by President Donald Trump; two GOP lawmakers allege TWTR’s content moderation was not neutral. Meanwhile, analysts at Citi note its shares overreacted to the potential subscription service reports yesterday. Analyst Jason Bazinet says although it makes sense, there are many unknowns, such as the price and whether or not it will have advertisements. The analyst highlights that a consumer survey shows roughly 10% of its respondents were willing to pay for a USD 5/mth plan without ads and more analytic services. Citi estimates if such a service were to occur, it would be priced at USD 20/year internationally and USD 60/year in the US, assuming a 5% penetration for base case and 10% for its bull case with advertisements, the analyst believes the revenue contribution would be limited. Citi maintain a neutral rating.
United Continental Holdings (UAL) expects to recognise USD 300mln in employee separation charges in Q2, with USD 50mln to be in cash.
ViacomCBS (VIAC) reached a deal to stream all the UEFA Champions League and Europa League matches starting in August.

OTHER

Bed Bath & Beyond (BBBY) Q1 20 (USD): Adj. EPS -1.96 (exp. -1.22), revenue 1.31bln (exp. 1.39bln). Announced it is to close 200 stores over two years as sales fell around 50% during pandemic; BBBY said it was not reporting comp sales due to temporary store closures.
DocuSign (DOCU) had its PT upgraded at Wedbush to USD 240 (prev. USD 165, prev. closing price 206.35). The analyst “continues to believe DOCU’s deal flow is holding up well/stronger than expected in this Covid-19 pandemic environment which bodes well for strong underlying metrics/headline numbers during FY2Q”.
DraftKings (DKNG) and Twin River Worldwide (TRWH) Mardi Gras Casino announced the opening of DKNG’s temporary sportsbook at the casino in Black Hawk, Colorado. Guests can place bets at the sportsbook from 10th July.
Energy Transfer (ET) provided further clarification around news reports regarding the operations of the Dakota Access Pipeline, stating that it has never suggested that it would defy a court order. Rather, Dakota Access Pipeline was seeking appropriate relief from that order through the established legal process.
Japan Display (6740 JT) : FY group net loss JPY 101.42bln (prev. net loss JPY 106.59bln), operating loss JPY 38.54bln (prev. loss JPY 27.23bln), recurring loss JPY 57.76bln (prev. JPY 40.37bln).
Moderna (MRNA) announced a collaboration for large-scale commercial fill-finish manufacturing of its vaccine candidate with Rovi.
PTC (PTC) expects to deliver fiscal third quarter 2020 ARR growth of 9% year over year, 10% in constant currency; and also expects to deliver double-digit revenue and free cash flow year-over-year growth for the fiscal third quarter 2020; it will report results on 29th July.
Restaurant Brands (QSR) Burger King in the UK is warning of 1,600 potential job losses as it could close up to 10% of its restaurants
SAP (SAP GY, SAP) – Q2 prelim: total revenue EUR 6.74bln, +2% (+1% non-IFRS), operating profit EUR 1.28bln, +55% YY (+8% non-IFRS), non-IFRS cloud revenue EUR 2.04bln +21% YY (19% non-IFRS). At present, cloud backlog seen at EUR 6.65bln, +20%, cloud backlog remains strong but cloud revenue in Q2 was impacted by lower pay-as-you-go transactional revenue given COVID-19. Reiterates FY20 outlook. For FY20: confirm non-IFRS revenue EUR 27.8-28.5bln vs. Prev. EUR 27.6bln, cloud revenue EUR 8.3-8.7bln vs. prev. EUR 7.0bln, operating profit EUR 8.1-8.7bln vs. Prev. EUR 8.2bln. Have seen a strong sequential improvement compared to Q1 regarding software license revenue. Q2 & H1 results will be released on 27th July.
Siemens (SIE GY, SIEGY) – Are to spin off 55% of Siemens Energy to shareholders will equate to 1 Siemens Energy share for 2 Siemens shares. Initial listing of new shares is scheduled for 28th September 2020, will commence with a BBB rating at S&P. Siemens will retain a 35.1% stake in the spin-off and the Siemens pension trust an additional 9.9% stake, as such Siemens no longer has a controlling share. Further stake reductions could take place at a significant scale in the next 12-18 months. Separately, Co. are not planning any job reductions from COVID-19. For reference, in FY19 Siemens Energy generated revenue of circa EUR 29bln according to Siemens AG combined statements.

Additional US Equity Stories

Of note for Social Media names (FB, TWTR, SNAP), ByteDance is reportedly considering a change in the corporate structure to distance the app from China, and is also considering a TikTok HQ outside of China, according to WSJ.
Peloton (PTON) new product will probably not be a rowing machine or exercise bike, its CFO announced, but it could potentially be a lower price treadmill. The CFO stated the co. believes “the running and boot camp category is two-to-three [times] the size of the bike category”, adding it is first and foremost on their minds, reports Barron’s.
Walgreens Boots Alliance (WBA) CFO says towards the end of Q3 online volume sales reached Black Friday levels on a daily basis, and May sales increased almost 120%, with June sales growth even higher.
Tesla (TSLA) CEO Musk announced the automaker was "very close" to developing fully autonomous vehicles and could work out the basics of that technology as soon as this year; he reiterated that the electric vehicle maker has solved most of the essential challenges toward achieving fully self-driven cars that needs no human behind the wheel. The Tesla and SpaceX chief was reaffirming a goal first expressed in 2019.
Delta AIrlines (DAL) CEO reiterates urge for workers to consider voluntary departure., and announced it flew 20% of customers over the July 4th weekend.
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Trade responsibly,

Good luck today guys, hope everyone makes some tendies
Edit 8:30PM Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.
Of note for Airlines (LUV, DAL, AAL, UAL), the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents.
Of note for Banks (JPM, C, MS, BAC, GS), the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses.
Of note for Car Rental Services (HTZ, CAR), both Hertz and Avis Budget Corp have requested aid from the US government.

Dow Jones

Apple Inc. (AAPL) supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys.
Boeing Company (BA) is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP).
Johnson & Johnson (JNJ) Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs.
Walmart (WMT) announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases.

Nasdaq 100

Amazon.com Inc. (AMZN)– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon.
Tesla (TSLA) announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage.
United Continental Holdings (UAL)Apollo Global Management (APO) has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter.

S&P 500

Accenture plc (ACN) had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis.
AFLAC Inc (AFL) American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03.
Altria Group Inc (MO) announced it is temporarily suspending operations at its Richmond manufacturing center.
Anthem Inc. (ANTM) announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed.
AT&T Inc. (T) announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results.
Bank of America Corp (BAC) announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments.
Carnival Corp. (CCL) preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr.
Cintas Corporation (CTAS) Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus.
Coty, Inc (COTY) provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus.
Danaher Corp. (DHR) announced the US FTC is on board with the acquisition of General Electric’s (GE) Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020.
Ford Motor (F) announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus.
Kohl's Corp. (KSS) announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20.
Mylan N.V. (MYL) announced it is increasing production of its malaria drug for potential use to combat the coronavirus.
Occidental Petroleum (OXY) is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter.
Sysco Corp. (SYY) announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus.
Tiffany & Co. (TIF) Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH

Other

Crowdstrike (CRWD) Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln)
Samsung (SSNLF) has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea
Teva (TEVA) announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus.

Additional US Equity Stories

Of note for casino names (MGM, CZR, WYNN, MLCO); Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln.
US Steel (X) Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln.
Coca Cola (KO) does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating.
Ross Stores (ROST) announced it is to temporarilty close all of its stores throughout the US due to the coronavirus.
Dollar Tree (DLTR) announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US.
Synaptics Inc. (SYNA) downgraded to Underweight from Neutral at JP Morgan
Colgate Palmolive (CL) upgraded to Buy from Neutral at BofA
Accenture (CAN) upgraded to Buy from Neutral at MoffettNathansonMonster Beverage
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Here’s your morning coffee!

Good luck everyone, have a great day, it’s Friday!
Of note for Energy names (XLE, XOM, CVX), the IEA, in fitting with EIA, raised its 2020 oil demand outlook, but cut its 2021 view due to the improved outlook this year. However, it noted that risks were skewed to the downside.
Of note for Casino names (CZR, WYNN, LVS) announced it will reopen its Bally’s on Las Vegas Strip on July 23rd. However, Nevada has ordered bars in Clark County, where Las Vegas is, to close on Friday.
Of note for PC names (DELL, HPQ), Worldwide PC shipments rose +2.8% Y/Y in Q2 2020, totalling 64.8 million units, according to preliminary results by Gartner. IDC data reported Q2 20 shipments rose 11.2% Y/Y to 72.3mln units. “Early indicators suggest strong PC shipments for education, enterprise, and consumer, muted somewhat by frozen SMBs,” said Linn Huang, research vice president, Devices and Displays at IDC. “With inventory still back ordered, this goodwill will continue into July. However, as we head deeper into a global recession, the goodwill sentiment will increasingly sour”. Market share: HP (HPQ) 25%, Lenovo 24.1% (LNV GY), Dell Technologies (DELL) 16.6%, Apple (AAPL) 7.7%, Acer Group 6.7%.

DOW JONES

Merck & Co. (MRK) Animal Health Unit received FDA approval for its Bravecto Chews for dogs of 8 weeks and older; it is a once a month treatment for fleas and prevention of fleas.
Pfizer Inc. (PFE) - BioNTech (BNTX), who is partnering with Pfizer to develop a COVID-19 vaccine, says they are confident it will be ready to get regulatory approval by year-end; expects to begin Phase 3 trials (N=30,000) by July-end. CEO said several hundred million doses could be produced even before approval, and over 1bln by the end of 2021.

NASDAQ 100

Amazon.com Inc. (AMZN) plans to create at least USD 100mln in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant; AMZN is aggressively expanding into self-driving technology, announced in June it had agreed to acquire the Silicon Valley company, for USD 1.3bln in cash, which it hopes to close by September.
Facebook, Inc. (FB) – A bug in the Facebook Software Developer Kit (SDK) is causing major third-party iOS apps, like TikTok and Spotify to crash on launch. The SDK enables account logins through Facebook and enable apps to integrate Facebook within the app for analytics and advertisements.
Gilead (GILD) released additional data on remdesivir for COVID-19: was associated with an improvement in clinical recovery and a 62% reduction in risk of mortality; 74.4% of treated patients recovered by day 14 (vs 59% of patients receiving standard of care).

S & P 500

AbbVie Inc. (ABBV) - Allergan announced it received FDA approval for its supplemental Biologics License Application (sBLA) that supports the expanded use of BOTOX for the treatment of spasticity in patients aged two years or older.
Energy Transfer’s (ET) fight to stave off a shutdown of the Dakota Access oil pipeline now heads to a federal appeals court after a district judge rejected a request to freeze an order that operations of the pipeline be halted by August 5th.
Ford Motor (F) announced the 50% staffing restrictions imposed on plants producing car parts in Chihuahua, Mexico is not sustainable, as US plants are running at 100%. The US ambassador to Mexico stated Ford “may have to shut some US car plants as early as next week if they fail to receive Mexico-produced engines”.
Simon Property Group Inc (SPG) and Authentic Brands are considering a bid for retailer Brooks Brothers Group, as is WHP Global, reports WSJ citing sources. The move would be the latest in which property owners are looking to purchase large renters who use their property to keep its business strong. Previously SPG has considered buying bankrupt JC Penney.
Tyson Foods (TSN) is looking towards automated butchers amid the COVID-19 pandemic, according to WSJ.

OTHER

Barrick Gold (GOLD) sent a dispute notice to Papua New Guinea over the government’s refusal to extend a mining lease in the Porgera valley.
Cannae Holdings (CNNE) and the Senator Investment group, who are trying to acquire CoreLogic (CLGX), have reportedly hired a proxy solicitor, DF King after CLGX rejected the unsolicited USD 7bln offer.
Express (EXPR) announced 95% of its stores are open and its strategic transformation remains on track, while traffic and sales have steadily improved with e-commerce being positive in June. “Comparable sales for open stores sequentially improved from down over 50% in early May to approximately negative 15% by the third week in June. Traffic also improved, from approximately negative 65% in early May to approximately negative 30% by the third week in June. As COVID-19 cases began to spike in several states in late June, the Company saw declines in both sales and traffic in Arizona, California, Florida, and Texas, which were significant enough to impact total results.”
Taiwan Semiconductor Manufacturing Company (TSM) reported double-digit sales growth in June; sales were approximately USD 4bln, +28.8% M/M and +40.8% Y/Y. Revenues for the H1 period were around USD 21bln, +35.2% Y/Y.
Tencent (TCEHY) is in exclusive talks to purchase Hong Kong game developer Leyou Technologies, according to CNBC.
WD-40 (WDFC) Q3 20 (USD): EPS 1.06 (exp. 1.07), revenue 98.2mln (prev. 114mln).

Additional US Equity Stories

Intel Corp. (INTC) has reportedly delayed another major near-term server project, according to SemiAccurate, who reportedly has multiple sources confirming this new delay and none are optimistic about the new schedule.
Gilead (GILD) Former FDA Commissioner Gottlieb says the Gilead (GILD) remdesivir data is very encouraging but needs to be confirmed in a prospective trial.
United Airlines (UAL) reached a deal with a pilot union representing 13,000 employees regarding voluntary furloughs and early retirements.
Nvidia Corporation (NVDA) had a PT upgrade at Rosenblatt Securities to USD 500 from USD 400, noting a secular shift into data-processing units and the co.’s entrance into new markets will drive revenue growth for the co.
Carnival Corp. (CCL) preliminary EPS USD -6.07, Adj. EPS -3.30, revenue 740mln (prev. 4.84bln); expects future capacity to be moderated by phased re-entry of its ships, sold one ship in June, has agreements for the disposal of five ships. In total 13 ships expected to leave fleet represent a 9% reduction in current capacity. Reduced operating costs by over USD 7 billion on an annualized basis and reduced capital expenditures also by more than USD 5 billion over the next 18 months. H2 monthly average cash burn expected at USD ~650mln. The company currently expects only five of the nine ships originally scheduled for delivery in fiscal 2020 and fiscal 2021 will be delivered prior to the end of fiscal year 2021.
Apple Inc. (AAPL) ‌Apple Silicon‌ 13.3-inch ‌MacBook Pro‌ to go into mass production in the fourth quarter of this year, but also now predicts we will see an Arm-based
American Airlines (AAL) has threatened to cancel some Boeing (BA) 737Max orders, a sign of deepening financial stress in the aviation industry.
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OBLIGATORY FILLER MATERIAL – Just take a hard left at Daeseong-dong…6

Continuing.
After the third pony keg of beer was delivered, it was decided that the next few days would be spent in the conference room discussing what we thought was the best way forward.
We wanted dry-erase boards so we could start taking detailed notes, even though I was well ahead of the curve in that regard. We instead ended up with some mobile elementary-school blackboards and a pile of grainy, sooty chalk.
Leave it to Dr. Cliff to go into a discourse on the genesis of chalk and its economic importance.
Bloody carbonate geologists.
Bloody White Cliffs.
We geologists need to punctuate their conversations with pictures, so these would suffice quite well.
At 1700 hours, the official end to the workday was called; we’d meet here again tomorrow. I’m not certain by whom, but it was readily agreed upon. We were more or less on our own until 1000 the next day. I needed to spend some time in my room with my notes and update a number of dossiers, field notebooks, and other items I was using as a running chronicle.
Several folks decided to invade one of the hotel’s restaurants for dinner. Some wanted to head to the casino, a couple wanted to get a massage, and others wanted to do what tourists are normally wont to do on the second day of being a foreigner in a foreign land.
I declined invitations to dinner and other activities, as I had a long writing session in front of me. I wanted to get this all in its proper place while the memories and notes were still fresh.
30 minutes later, in my room after a 25-minute wait for the elevator; I’m updating dossiers, creating several new ones, and updating my field notebooks. Suddenly, after an hour’s work, I notice something is amiss.
“I don’t have a drink or a cigar,” I said to the four walls. “This. Will. Not. Do.”
I was used to Happy Hour in Russia. Happy hour is slightly different; there are no ice cubes or orange-peel twists in the vodka. Also, it lasts all day.
I remedy that situation by finding and clipping a nice, oily oscuro cigar and digging the bourbon out from under my boxer-briefs in my dresser drawer. I heft the bottle and feel that it’s significantly lighter than when I left it last night. I happen to look in the trash can and spy the wrapper for a box of my festively colored Sobranie cigarettes I obtained back in Dubai.
“Hmmm”, I think, “It would appear that we have some light-fingered Cho Louies or No Louises around here. I’d best guard my supplies a little more securely.”
I move all my smokeables into one of my now emptied aluminum travel cases. They lock with the stoutest of combinations and it will be readily apparent if anyone is fucking with them.
I move some of my best booze into the pretty much worthless in-room safe. With a deft application of duct tape, I seal the safe. It may not be the most secure spot on the planet, but if anyone tries anything troublesome, they’ll leave an immediately recognizable record of what they were up to. It’s just too obvious; they’d have to be crazy to go in after anything inside there.
My money, keys, and passports are in the safe deposit box down in the lobby that the hotel supplies for visiting dignitaries. Even so, they let me keep my shit in one of them anyway.
That handled, I spend another hour writing like a madman. I suddenly realize I’m tired of all this and need a diversion as well as some food and, of course, drink.
30 minutes later, I’m down in the byzantine basement tunnels of the hotel. It’s crowded with hordes of Chinse tourists, and the casino is ground zero for the incredibly loud chatter.
I look in on the bowling alleys all three of them, and they’re full. The massage parlor is hopping, although I leave my name and they promise they will call over the PA when a suitable masseuse is available. Evidently, I ‘intimidate’ some of the more demure ones.
I wander over to the bar, now there’s a surprise, and see it’s packed to the rafters as well. I decide to wait for a seat to open up on Mahogany Ridge when there’s some gargling over the PA and a pair of Chinese nationals leave the bar in great haste.
I grab one of the two newly open seats, much to the chagrin of a couple of Oriental Unidentifiables (OU) who had their eye on them as well.
“Sorry, mate”, I said, “First come, first served. It’s the capitalist way.”
One of the pair grabs a seat and the other just stands there, looking annoyed unspent bullets in my direction. Forget that I’ve literally twice their size and could be an aberration as an angry American. They just order a couple of drinks, and content themselves in giving me dirty looks and probably say nasty things in their own indecipherable language about my national origin and familial heritage.
As if I gave the tiniest of rodental shits.
I fire up a cigar, as literally everyone else in the joint was smoking something more or less tobacco. However, there was a definite barnyard aroma, a regular Dairy Air, in the room. I think some of what was being smoked there was more bovine or equine in origin than botanical in nature.
With numerous hilarious attempts at Korean, pointing at a garishly photographed drinks menu, I was finally served a cold draft house steam porter and 100 milliliters of probably ersatz ‘Russian’ vodka, vintage late last Thursday. This bartender that could at least form some of the phonemes found in American English. A few. A definite few.
Since it all cost the equivalent of US$0.50, I really didn’t care.
Apparently vodka helps flowers last longer when they're dying. But you can put vodka in anything and it'll make it better.
Being a trained observer, I rather enjoy just sitting in any old bar, smoking my cigar, drinking my Yorshch, and watching people. I try and not be intrusive and I never eavesdrop, but I like to try and think of what strange set of circumstances brought us all here together in this place at this time. It gives me writing ideas, some of which I jot down in a notebook I always carry. It also gives me a good shot of nostalgia when I look back at something I wrote some 40 or so years ago.
Yeah, old habits do die hard.
I take a drag off my cigar and set it in the ashtray in front of me on the bar as I go to correct another egregious misspelling in my notebook. I have to immediately proofread what I wrote, or I’d never recall later what the fuck I was trying to convey; especially if it’s in a noisy, smoky, or murky milieu.
Quicker than a bunny fucks, Unidentifiable Oriental #1 (UO #1) deftly reaches over, snags my cigar, and helps himself to a few mouthy puffs.
I look at him, the empty ashtray directly in front of me, him again, and then UO #2.
Since I speak no real Oriental, much less Korean, language, and my Mandarin at this point is worse than laughable; I just point to the cigar, turn out my hands and shrug my shoulders in the international “What the actual fuck, dude?” gesture.
He just smiles a gappy, toothy, and snaggle-toothed at that, grin at me and makes a point of ensuring that I see him enjoying a few more drags on my own damned cigar.
Not able to contain myself any further, I venture a “What the fuck, chuckles? That’s not your fucking cigar.”
Like gasoline being tossed on a fire-ring full of embers, they both go unconditionally incoherently insane.
Yammering, chattering, jumping up and down, and getting right into my face. They wanted me to unquestionably understand that my few words of English insulted them far more than their filching of my $20 cigar.
OK, I’m pretty well trained in Hapkido; an oddly, given the present situation, hybrid Korean martial art. I’m at least 6 or 7 inches taller and who knows how many stone/kilos/pounds/Solar masses heavier than these two clowns. I could easily go all Gojira on their hapless asses and mop significant expanses of the floorboards with them.
Instead, I look around for the bartender. I figured since I was keeping him well supplied with Korean won via tips, and he spoke some English as well as perhaps whatever the fuck these characters were chattering; maybe he could get to the bottom of what was happening.
The bartender walks over and I ask him to ask the two unidentifiable twins why they stole my cigar.
He nods in agreement and goes on in whatever the fuck dialect was being used today by the pair.
“They say they wanted it. So they took it.” They ask, “What are you going to do about it?” the bartender relates.
I deftly reach inside my field vest, as everyone concerned ducks and covers.
I extract two fresh cigars; not a .454 Casull Magnum.
I give one cigar to the bartender and one to OU#2.
“With my compliments.” I pleasantly say.
I was well apprised of the fact that in certain places like this, the local authorities often approach foreigners with, for the lack of a better term, ‘Agents Provocateur’.
Like the Westboro Baptist “Church”, they try to get a rise out of you so you’ll lose your cool and either create a scene or take a poke at the miscreant. Then they have all the pretext they require to drag you to the local hoosegow, shake you down for every penny on your person, as well as any phones, notebooks, wallets, passports, cigars, cigarettes, etc.
Basically, they goad you into a fight, then drop the thousand-pound shit-hammer when you retaliate.
It’s all so parochial. So obviously clear as vodka; this elementary charade only raised a single eyebrow.
I’m not going to even raise my voice over a couple of cheap cigars that neither of them noticed I slipped them instead of the premium ones I was smoking.
Thus defeated, I asked the bartender to ask them if they liked the cigar.
“What do you think?” I asked in cordial English, “Too tightly rolled? Not caged enough? Too green?”
UO #2 slipped and said “It smells very good…” where he realizes he’s blown his cover.
“Yeah, I like it too.”, I replied, “So much so, I buy my own. What are your badge numbers, boys? I will be reporting this incident to Inspector P'aeng Yeong-Hwan, the head of security for the IUPGS conference to which I was invited as special scientific consultant.”
Of course, they immediately dummy up and feign illiteracy.
I say loudly and very clearly, “You bastards aren’t gonna get away with this. I mean, what is going on in this country when scumsuckers like you can get away with trying to sandbag a Doctor of Geological Sciences?”
I ask the bartender to translate, but alas, it was too late. They vamoosed when I turned to talk with the bartender.
They left so fast, they didn’t notice me snapping their pictures with my ancient but trusty Nokia 3310, revised edition, during our little chat. Even with a mere 2-megapixel picture, I have enough to show the North Korean leaders of the project to get an identification and make known my displeasure of being treated like some commoner or buffoon.
They left both my cigar and the one I gave them. The bartender tucked the cigar I gave him into his pocket and stared lustily at the two remaining on the bar.
“Take’em”, I said. I sure as fuck don’t want them. “Just a clean ashtray and a refill, if you would be so kind,” I say, as pleasantly as possible, considering the situation.
Both the unsmoked and my smoldering, as well as well-traveled, cigar disappear as quickly as minks rut. A clean, new ashtray, double beer and ‘vodka’ suddenly appear.
“No charge, Dr. Rock”, the bartender grins, as he shoves my erstwhile high-mileage cigar between his teeth.
“OK, fair enough.”, I say, “Spaseebah.”, and deposit a raft of won on the bar. The pile won’t be touched until after I leave in a few hours’ time.
“Stranger in a strange land.” I muse over a couple of further beers.
The call from the massage parlor never came, or it did and I couldn’t hear it over the clamor of the casino. I went up to the hotel’s Korean restaurant; had some salty soup, a sad, sad salad, and some form of funky fish, I think, for dinner. I retired that night in a slightly foul mood.
I called Es then the next morning and caught her before she retired. With a 14 hour difference between us, I was getting up at 0700 and she was getting ready to hit the hay at 2100.
I told her of the events of the day previous, and she was glad she wasn’t tagging along. She would have never accused the Korean geologists of being behind the times and would have probably bent the guy’s nose that swiped my cigar.
Agreed, that she’d probably be unimpressed with this place. I promised her that we’d go on a holiday when I returned from all this. It would be up to her to find out ‘where,’ and I’d supply the ‘when’ when I could.
Everything else was going along smoothly, more or less, on the home front, and I didn’t want to give the local listening-in federales too much to say grace over, so we said our parting admirations and rang off.
Shower, shower sunriser of real vodka and citrus, a quick brush and comb, and spiff of cargo shorts and new ghastly Hawaiian shirt; 30 minutes later, back down in the restaurant for the inevitable breakfast buffet.
After what some would consider breakfast and others would consider a vague attempt at nourishment, we reconvened in the conference room precisely at 1012.
Nothing like precision with this group.
We spend the next two days going over, in various groups, what we think would be required to set forth proper the quest for oil and gas in North Korea on track. Everyone got in on the act, and we advocated for that. We needed everyone’s input to make this happen. Or to even map a way forward to present to country officials. Those from the West on what was needed and those from the East to tell us what was available, and the combined wetware to make what needed to be done happen with what existed.
It took no small amount of doing, but we secured a set of maps that covered the entire country. We were watched very closely by the shiny suit squad that we did not copy, photograph or otherwise take any extraneous information from these sheets of infamy. All other maps in the country were intentionally skewed, with errors deliberately added in to confuse “interlopers, spies, or other personas non grata”.
I made a massive stink and told them that if we didn’t receive the unfuckered maps, aerial photographs and satellite imagery pronto, we’re packing up and leaving that afternoon.
“We don’t have time for monks resisting the carnival. We didn’t come here to try and guess if the maps are correct or if our remedies will actually work on maps that say one thing and reality says something else entirely.”
They hemmed and hawed, but as I made the announcement to all before lunch that if the real maps didn’t appear by the time we returned from tiffin, we’re gone.
And we take tiffin purty durn early round these parts, buckaroo.
No one was surprised as I when we returned and there were folio after folio of government-uncensored maps, photos, and imagery for our program. I guess they finally reasoned it would be a relatively good idea to begin to take us seriously.
We spent one whole day just going over our field geological apparatus. They had a good idea of how to use a direction-finder compass and Jacob’s staff to measure sections. However, they were totally flummoxed by our Brunton Compasses, GPS systems, curiously referred to as ‘position finders’, notebook mapping applications, and electronic data storage and retrieval systems.
Gad. It was like being back in the 1970s before PCs were a glimmer in IBM's corporate orbs.
We spent the next week working to bring our less fortunate colleagues up to, well, not date, but at least up to the brink of the 21st century. We explained that plate tectonics, continental drift, and the precession of the continents was accepted geoscientific principles, not some arcane Capitalist or Socialist plot to undermine the quality of science in the east.
Yep. It was that mindset we had to first conquer. I think we’ve made great headway in that direction today.
The next Chautauqua session had us split up into two separate groups. We decided in a fit of Cesarean inquiry to ‘divide and conquer’. There are two distinct milieus which are able to contain economic deposits of hydrocarbons: onshore and offshore.
Instead of attacking both head-on, we’d focus initially on the offshore domain. Once we had a good handle on what was going on under the East Korean Sea, the Huangai (Yellow) Sea and surreptitiously, the South Sea; we’d collaborate our findings and work to tie them in and extend them onshore.
The singular Phyongnam Basin is the one large depositional, sedimentological, and structural basin in North Korea. It is filled by the Joeson and Pyeongan Supergroups of sediments, which are Cambro-Ordovician and Permocarboniferous, respectively. These are good hunting grounds for oil and gas. Could be elephant–hunting country.
But before we could undertake that, we had to get ‘back to basics’. That is, we had to understand and delineate the ‘frame’ of the Korean Peninsula. In other words, we needed to figure out how and when the peninsula came into existence.
South Korea’s geology is much more complex, fortunately than that found in the North. There were nasty side comments that were due to the relative development not of the geology, but of the geologists who studied each country’s geology.
It was, perhaps, a mean way of characterizing the situation. But, unfortunately, it was also probably fairly accurate.
The Korean Peninsula is characterized by huge massifs, which are sections of a crust that are demarcated by faults or flexures. In the movement of the crust, a massif tends to retain its internal structure while being displaced as a whole. The term also refers to a group of mountains formed by such a structure. It’s basically one huge, semi-resilient rock.
The basement rocks of the Korean Peninsula consist of high-grade gneiss and schist, Paleoproterozoic Precambrian massifs, which formed in the early stage of Earth’s history. These rocks are unconformably overlain by metasedimentary rocks; schist, quartzite, marble, calcsilicate, and amphibolite, of the Middle to Late Proterozoic. The Korean Peninsula is floored by a collation of about five of these huge Precambrian massifs that acted like ‘microplates’ during the aggregation of the peninsula. These massifs consist of thick dolostone, metavolcanics, and schist, which were intruded by Paleoproterozoic granites.
These Paleoproterozoic metasedimentary and granitic rocks underwent repeated intracrustal differentiation, followed by the events of cratonization, i.e., regional metamorphism and igneous activity, at 1.9-1.8 Ga. Sediments deposited in the peripheral basins during the Mesoproterozoic and Neoproterozoic lead to stabilization as the basement of the peninsula.
These early depositional basins formed the locus of deposition that continued on from the Proterozoic through the Phanerozoic. There are at least three, perhaps four, depositional basins in the south which are delimited by structural zones, such as the South Korean Tectonic Line (SKTL), a huge zone of continental transform faults and forms the basis of boundary demarcation between the Okcheon and Taebaeksan basins.
The boundary between the Seochangri Formation of the Okcheon Basin and the Joseon Supergroup of the Taebaeksan Basin in the Bonghwajae area is a thrust (or reverse‐slip shear zone). This thrust is presumably a relay structure (i.e. a restraining bend) between two segments of a continental transform fault (the South Korean Tectonic Line or SKTL), along which the Okcheon Basin of the South China Craton was juxtaposed against the Taebaeksan Basin of the North China Craton during the Permian–Triassic suturing of the two cratons.
In the late Proterozoic, sedimentation was initiated in basins of the Korean Peninsula, accompanied by deposition of siliciclastic and volcaniclastic sediments as well as carbonates. The massifs were submerged in the Early Paleozoic during a greenhouse period, forming a shallow marine platform and associated environments.
The Cambrian-Ordovician succession unconformably overlies Precambrian granite gneiss. It consists of mixed carbonate-siliciclastic rocks of sandstone, shale, and shallow-marine carbonates. Sedimentation was initiated in the Early Cambrian with a global rise in sea level on the stable craton of the Sino-Korean Block.
There was a major break in sedimentation during the Silurian and Devonian periods in the entire platform. During the Carboniferous to early Triassic, sedimentation was resumed in coastal plain and swamp environments with progradation of deltas.
Major tectonic events were initiated in the Triassic when the South China Block collided with the Sino-Korean Block. The eastern part of the Sino-Korean Block rotated clockwise and moved southward relative to the South China Block along the SKTL.
In the Middle-Late Jurassic, orthogonal subduction of the paleo-Pacific plate under the Asian continent caused compression and thrust deformation. A number of piggyback basins formed along the thrust faults in the east of the SKTL. At the same time, the entire peninsula was prevailed by granite batholiths, especially along the northeast-southwest-trending tectonic belt.
In the Cretaceous Period, the paleo-Pacific Plate subducted northward under the Asian continent, forming numerous extensional (left-lateral strike-slip) basins in the southern part of the peninsula and the Yellow Sea. A large back-arc basin was initiated in the southeastern part.
In the Paleogene, both the volcanic arc and the back-arc basin ceased to develop, as volcanic activities shifted eastward, accompanied by a rollback of the subduction of the Pacific plate. In the Miocene, pull-apart (right-lateral) basins formed in the eastern continental margin.
The Korea Plateau experienced continental rifting accompanied by extensive volcanism during the extensional opening of the southern offshore basin. It subsided more than 1000 m below sea level.
So, as South Korea was mix- mastered by a half-a-billion years’ worth of structural tectonism, which created several depositional basins quite capable of generating and storing economic quantities of oil and gas, the scene to the north was much more quiescent.
The North was composed, from south to north, of the relict Imjingang Belt, which was an old back-arc basin between the Gyeonggi Massif to the south and the Nagrim Massif to the north. It is a paleo-subduction zone, full of volcanics, volcaniclastics and other non-hydrocarbon bearing rocks. It was mashed and metamorphosed, and basically forms a convenient boundary between the complex geology of the South and the more relaxed geology of the North.
Heading north, we come across the Pyeongnam Basin, the only North Korean basin thus far defined that could contain hydrocarbons. Further north is the huge Nangrim Massif. It’s a huge block of igneous and metamorphic rocks that weather very nicely and form some spectacular scenery, but from an oil and gas economic outlook are worthless.
Offshore North Korea, there are two possible petroliferous basins. The offshore West Korea Bay Basin and East Sea Basin, along with five onshore basins could be offering exploration potential. At least ten exploration wells have been drilled in the West Sea, with some showing “good oil shows” along with the identification of a number of potential reservoirs.
The West Sea potentially has oil and has reportedly flowed oil at reasonable rates from at least two exploration wells when they were drilled and tested in the 1980s. Meanwhile, the East Sea has seen Russian exploration efforts previously including the drilling of two wells, both of which reportedly encountered encouraging shows of oil and gas.
Onshore, there has been little exploration to date, apart from efforts by the Korean Oil Exploration Corporation and also recently by Mongolia’s HBOil JSC (HBO). Among five main onshore sedimentary sub-basins, the largest is south of the capital; while unconfirmed reports point to a 1-trillion-cubic-foot (tcf) discovery in 2002.
Historically DPRK was thought to consist of five under-explored geological basins, the
• Pyongyang,
• Zaeryong,
• Anju-Onchon,
• Gilju-Myongchon and
• Sinuiju, Basins.
These basins are all located more or less along the coast, rather than inland. This also points to a certain degree of geological aptitude; as it’s much easier to explore along the more populated coast than it is to venture inland. There may be more hiding in the interior of the country, it’s just that no one’s looked as of yet. That’s difficult. Exploring along the coast is much easier.
With 3 basins supposedly proven to have working petroleum systems; 22 wells have been drilled and the majority are said to have encountered hydrocarbons with some wells testing production at 75 barrels of oil per day of light sweet crude oil. This has yet to be documented or confirmed by the Korea Oil Exploration Corp (KOEC), North Korea’s state-run oil company.
Yeah, our work was definitely cut out for us.
It was decided that a series of excursions offshore in one of the few remaining seaworthy, which was a real judgment call, KOEC seismic boats would be appropriate. The one we received use of was an old, decommissioned Chamsuri-class patrol boat, one Chamsuri-215(참수리-215), PKMR-215 in particular.
It had been basically stripped to the gunwales and completely retrofitted as a seismic acquisition and recording vessel. It had been renamed: “조선 민주주의 인민 공화국 영광” or “Glory of Democratic People's Republic of Korea Science”.
In reality, it was an aging rust-bucket piece of shit that might have possibly seen better days but wasn’t letting on. All the military nonsense, except the powder magazine, had been removed and a new superstructure consisting of slap-dash hunks of poorly-welded low-carbon, cold-rolled steel were erected to form a pilothouse in the area where the bridge once existed. They also built, extra haphazardly, a shooter’s room, galley, cold and wet storage areas, recording room, and storage of tapes and the extra bits and pieces needed for a none-too-extended stay on the sea. It was, being charitable, almost utilitarian.
They could not make their own water, so trip times were limited to about three days in length. Besides, they didn’t really have a hot galley, so it was cold, canned Chinese chow for the next 72 hours. They had a couple of fairly sturdy yardarms with heavy winches to handle the towed seismic arrays of geophones, which were of ancient heritage and showed it. These were probably appropriated back in the 80s or perhaps earlier when they first thought about opening their waters for seismic exploration.
They ‘borrowed’ most of the sensing and recording equipment back then from oilfield service companies and simply forgot to return it once finished. Since they burned that bridge so glowingly, they couldn’t get parts nor service when things failed. Being delicate seismic sensing and recording equipment, fail they did.
So, we had to use what was leftover, or what DPRK industries could cobble together, or what could be salvaged from salt-water drenched recording equipment that hadn’t been too heavily cared for over the span of the last 50 years.
We weren’t terribly optimistic.
So, we load the good ship ‘Rorrypop’, as Viv christened the thing, and head out to the wilds of the Yellow Sea. It was an abbreviated foreign crew, as there was really nothing other than upchuck and curse me soundly for insisting the non-geophysical scientists came along.
Aboard were the two geophysicists, naturally; Volna and Activ. I was there stick-handling the logistics and hoping to help out with the geophysical signal source explosives.
Morse and Cliff, the two other geologists accompanied us on the trip, and Dax decided to go with me as he figured I’d have access to the best booze no matter where we went.
The remainder of the team, the geochemists, Erlan and Ivan, the geomechanic, Iskren, the PT, Joon, and the two REs, Viv and Grako, remained behind onshore at the hotel. They set forth cataloging what data was available; from what sources, it’s vintage, veracity, and usefulness.
Augean tasks, both. Not as fecaliferous as Hercules’ jobs, but still, they held their own rations of shit for each sub-team.
Heading seaward, the Yellow Sea extends by about 960 km (600 mi) from north to south and about 700 km (430 mi) from east to west; it has an area of approximately 380,000 km2 (150,000 mi2) and a volume of about 17,000 km3 (4,100 mi3).[4] Its depth is only 44 m (144 ft) on average, with a maximum of 152 m (499 ft). The sea is a flooded section of the continental shelf that formed during the Late Pleistocene (some 10,000 years ago) as sea levels rose 120 m (390 ft) to their current levels. The depth gradually increases from north to south. The sea bottom and shores are dominated by sand and silt brought by the rivers through the Bohai Sea and the Yalu River. These deposits, together with sand storms are responsible for the yellowish color of the water referenced in the sea's name.
Being shallow, the Yellow Sea is more perturbed by the frequent seasonal storms of the region. The area has cold, dry winters with strong northerly monsoons blowing from late November to April. I was told that the summers are wet and warm with frequent typhoons between June and October; but now all we had to contend with were swelling seas, spraying saltwater, waggling waves, and a shivering, shimmying ship.
All the navigation, communications and other shiply duties were being handled by both members of the DPRK Coast Guard Auxiliary, mostly older guys who were of great and high humorous jest; and an actual pleasure to be around. They were like their scientific cadre on this cruise, basically a political ‘give a shit’ attitude, and a desire to get the job done, smoke the American’s cigars and drink as much as we could get away with.
The scientific portion of the cruise was being undertaken by students of the various universities and members of the North Korean national oil company. The demeanors of these characters ranged from extremely earnest and stringently North Korean politically correct in the students and academicians, to a more relaxed ‘yeah, let’s just get the fucking job done so we can have a lot of drinks’ sort of view of the older members of the DPRK scientific team.
It was a fun admixture of cultures, ages, professions, and behaviors.
Oh, forgive me for forgetting to mention our ‘guides’, or handlers. They were also chosen, nay, ordered to come along. Landlubbers all, they were less than thrilled with the assignment and inevitable seasickness; which seemed endemic to those of Oriental extraction on the cruise. However, our guides did enjoy drinking. As we learned that alcohol is a central part of Korean culture, and they encouraged us to socialize with them when the time was appropriate.
Or, not appropriate, as I was being denounced by one of the geophysical students after only a few hours into our very first day. Hell, we weren’t even in the Yellow Sea proper. We started here at Pyongyang, down the Taedong River, over the Giva Dam, through Pushover, across Shmoeland, to the stronghold of Shmoe; into the very belly of the frothing Yellow Sea.
Most everyone, other than the foreign elements on board, were either making the trip in the bowels of the ship; nursing and cursing seasickness; or by rail, doing exactly the same thing.
“Chum it over the side, ya’ blinkered mucker!”, I admonished one bottle-greenish national. “This ain’t the Captain‘s mess, Chuckles. You have to clean up your own spew!”
I was reveling in getting back out on the water and regaining my sea legs. I never get seasick.
Never.
Ever.
Be it a seismic vessel in the heaving Arctic Ocean, a pirogue in the swamps of Louisiana, my cousin’s fishin’ johnboat back in northern Baja Canada, a US nuclear submarine under the permanent pack ice of the North Pole, or VLCC in the Straits of Somaliland; I just don’t get seasick.
Airsick? Nah. Carsick? Nope. Ready to puke in a Hind-20 over the Caspian Sea during a strong local thunderstorm? Close, but no cigar.
So, I’m doing a Titanic scene recreation. Up in the very bow of the craft, standing in stark defiance of the gusting winds and blowing salt spray, smoking a huge cigar, and totting out of one of my emergency flasks while trying to hang on to my Stetson. I am also endeavoring to remain upright, field vest and really, really ghastly Hawaiian shirt billowing in the breeze.
I’m not certain if it was the cigar smoke, the wind-whipped beard, and hair, the give a fuck attitude, or the flapping of the Hawaiian shirt to which the little local geophysicist objected. But he was pissed. Olive-green with seasickness, rubber-kneed but still standing a good social-distance away, reading me the riot act in high-pitched Korean.
As I usually do in such delicate situations, I just smile and wave. Show them I’m mostly harmless and they either cool down or get pissed off even more and stomp off in disgust.
Either one was a winning situation for me in my book.
So, I return to doing my ship’s figurehead imitation and revel in the wind, spray, and feeling of really being booming. Sure, some might complain of the cold, but not me, the sting of the salt-spray or the windburn; but I eschew what most people enjoy as ‘normal weather’. I live for pushing the boundaries. I love rough weather and situations that thrust the edge of the envelope further past normalcy.
Besides, we were still in sight of land. Hell, if everything went south at this very minute, one could practically walk back to shore. I can hardly wait to see what these wigglers will do if a night storm comes up when were 100 or more kilometers from land.
The boat’s thrumming heavily from both the thrust of the Soviet-era diesel engines and the craft’s bludgeoning its way through the waves. Most hull designs are so the ship will ‘cut’ through the surface waters. This craft’s flattened trihedral hull design didn’t so much ‘cut’, as ‘slam’ it’s way through. The boat would then crash up one side and smash down the other of each large wave we encountered. The boat would shudder whole, adding a new note of resonance along with the monotonous one-note song of the aged Russian diesels.
The spray would fly, the boat would convulse, time would seem to freeze until we bashed into the next wave. The captain of the vessel took his orders very seriously. “Get to coordinates XXX and YYY by the most expedient means possible.” If that meant charging, full-throttle into the teeth of the oncoming monsoon-force wind while we were traversing the worst kelp jungle I’ve seen this side of the Sargasso Sea; well, piss on it, full steam ahead.
“Fuck it”, I thought, “Not my pony, not my show. Let’s see how this plays out.” While I light a new cigar and search for Emergency Flask #2.
After I’d been upbraided by the geophysical student for transgressions still unknown, Cliff and Dax wander out to ask me what the hell I was up to.
“Have you gone completely barmy?”, Cliff asked. “It’s a full gale out here and you’re standing in the teeth of it like it was a warm, sunny Sunday in Piccadilly.”
“Nope, not at all”, I replied, “Just reveling in the delights of an angry atmosphere.”
“He’s nuts, I told you”, Dax smirked, “He’d go anywhere and do anything to have a cigar.”
“Not just a cigar, me old mucker”, I smiled and waved my second emergency flack under his nose.
“Figures”, they both respond in unison.
Dax departs and returns mere seconds later with paper Dixie-style cups he liberated from the ship’s one head. We are going to do our very best to extend the lifetime of the onboard water supply for our scientific and military friends. I pour them each a cup full.
“Whoa, Doc”, that’s gotta be 100 milliliters!” Cliff objects.
“As the Siberian saying goes: One hundred versts, roughly a hundred miles, is no distance. A hundred rubles isn't worthwhile money. And a hundred grams of vodka just makes you thirsty. Prosit!” I say in reply.
We retire to the overhang on the fantail of the boat. It’s a sunshade and keeps the worst of the weather out for the lightweights on the cruise. I decided we’d withdraw there to keep these Dominionites out of the worst of the wind and sea spray.
“Rock”, Cliff notes, “You are a complete throwback. You do not belong here in the 21st century. You need to find a way back to the Calabrian and ride herd on the continental Neanderthals. Give them the gift of distilling and tobacco agriculture, and you’d reframe the world.”
Dax agrees, but notes if I do find a way back, he and Cliff would be selected against.
“Good point”, Cliff agrees. “Rock, stay here. We need your expertise now more than ever. Plus your ready supply of strong drink and cigars.”
“Glad to know that I’m truly appreciated around these parts.” I chuckled slightly acridly.
“Ah, Rock. Buck up. You know we’re only takin’ a piss.” Cliff says.
“Aim it starboard. Don’t want it blowin’ all over the seismic gear”, I reply, laughingly.
The trip continued, and I found a not-bolted-to-the-deck chair and moved it outside under the shade back by the boat’s fantail. I refreshed my emergency flasks and replenished my cigar supply. I’m not about to sit inside and listen to the wails and gnashing of teeth of the landlubber crowd, the patter and timor of the geophysical throng as they titter and argue about array design, nor the military hut-hutting all over the fucking boat.
A couple of times, one or more of our ‘handlers’ would venture out as I had the only supply of readily available smokeables and drinkables. Oh, we had food, lots of beer, soju, some knock-off vodka, and some of that faux homebrew bourbon for later once the workday was declared over; but for now, I was the one and only dispensary.
We’d have some random chats while they screwed up their courage to ask me for a smoke or a tot of drink. I brought several bundles of really cheap-ass cigars for just such occasions; besides, I figured one of my Camacho triple-maduros would have them chumming for the remainder of the trip. I had also many, many cartons of Sobranie pastel-colored cigarettes, and many more cartons of knock-off Marlboros I bought at the duty-free when we hit town.
It was chucklingly funny to see these harsh, military, no-nonsense characters walking their duty beats smoking pastel green, lavender, and mauve cigarettes.
We got bogged down a couple of times when one or more of the ship’s twin screws fouled with kelp as we tried to put some distance between us and the shore. Each time, one really dejected low-ranking young Coast Guard character would go over the side with a rope around his waist and a knife in his hand to free the props. I was going to object as this was moronically dangerous; but, again, not my pony, not my show. This called for full proper tethering and SCUBA gear.
They had neither aboard.
Welcome to the wonders of a centrally planned economy.
To be continued.
submitted by Rocknocker to Rocknocker [link] [comments]

Here’s your morning coffee!

Good morning, hope everyone trades responsibly, let’s make some money!

DOW JONES

Boeing Company (BA) - Air Lease (AL) updated on its order book deliveries, sales and new significant financing occurring in Q2; at the end of the quarter, its fleet was comprised of 301 owned aircraft and 81 managed aircraft, with 398 new aircraft on order from Boeing and Airbus (EADSY) set to deliver through 2026; it delivered one new Airbus A320neo aircraft from its order book, and sold four aircraft.
Johnson & Johnson (JNJ) is facing calls from over 170 nonprofit groups to stop selling its talc-based Baby Powder worldwide, over concerns that it contains cancer-causing Asbestos, while some are also calling for the clearing of existing inventories.
Walgreens Boots Alliance (WBA) Q3 20 (USD): Adj. EPS 0.83 (exp. 1.17), Revenue 34.6bln (exp. 34.36bln), FY20 Adj. EPS view 4.65-4.75 (exp. 5.42); Suspending share repurchase programme, raises quarterly dividend to USD 0.4675/shr, a 2.2% increase. US Retail Pharmacy SSS +3.0% (exp. +1.2%). Most significant COVID-19 impact was in the UK market which required a review resulting in a non-cash impairment charge of USD 2bln. Boots (UK) will be cutting around 4,000 jobs. Annual cost savings to be in excess of USD 2bln by FY2022.

NASDAQ 100

Alphabet Inc (GOOG/GOOGL) said it has shut down its cloud project named “Isolated Region” and added that it was not weighing options to offer its cloud platform in China; earlier reports had stated that GOOG had shelved the project in China and other politically sensitive countries in May, partly due to rising geopolitical tensions and the pandemic; GOOG, however, added that the project’s shutdown was not due to either of those two reasons and that it has not offered cloud platform services in China.
American Airlines Group (AAL) / United Airlines (UAL) have temporarily halted flights to Hong Kong after its government-imposed coronavirus testing requirements for airline crews, according to Politico.
Costco Wholesale Corp. (COST) June sales update saw comparable sales (ex-gasoline and FX) rose 13.6% in the June five-week period, accelerating from the +9.2% seen in May, beating forecasts for around 9% growth.
Facebook, Inc. (FB) announced it is starting a chat with a business using QR codes, where people can scan QR codes businesses show at stores, product packaging or receipts to start a chat. It notes there are over 50mln WhatsApp Business app users globally every month.
Gilead Sciences (GILD) plans to make more of its drug remdesivir available for Germany and Europe from the fall, and will decide how much each country gets based on the rate of infection; it added that it could increase its worldwide monthly production from currently 190,000 treatment cycles to two million treatment cycles in December. Remdesivir is currently the only drug granted a conditional marketing authorisation by the EU for its use in COVID-19 patients.Oracle Corp. (ORCL) (Information Technology/Application Software) has been awarded a cloud services agreement by the Canadian government.

S & P 500

Carnival Corp. (CCL) Aida cruises are to recommence sailing vacations in August.
Ford Motor (F) said its China vehicle sales increased 3% in April-June from a year earlier, its first quarterly sales rise in China in almost three years; China sales grew by 158,589 units in Q2, attributed to the rise to a stronger vehicle line up and “strong demand following the lifting of COVID-19 pandemic restrictions”.
Mylan NV (MYL) announced it received FDA approval for its Hulio, a biosimilar to AbbVie Inc. (ABBV) Humira, for the treatment of rheumatoid arthritis.
Twitter, Inc. (TWTR) has been accused of being biased against conservatives and demanded information about its reactions to two tweets by President Donald Trump; two GOP lawmakers allege TWTR’s content moderation was not neutral. Meanwhile, analysts at Citi note its shares overreacted to the potential subscription service reports yesterday. Analyst Jason Bazinet says although it makes sense, there are many unknowns, such as the price and whether or not it will have advertisements. The analyst highlights that a consumer survey shows roughly 10% of its respondents were willing to pay for a USD 5/mth plan without ads and more analytic services. Citi estimates if such a service were to occur, it would be priced at USD 20/year internationally and USD 60/year in the US, assuming a 5% penetration for base case and 10% for its bull case with advertisements, the analyst believes the revenue contribution would be limited. Citi maintain a neutral rating.
United Continental Holdings (UAL) expects to recognise USD 300mln in employee separation charges in Q2, with USD 50mln to be in cash.
ViacomCBS (VIAC) reached a deal to stream all the UEFA Champions League and Europa League matches starting in August.

OTHER

Bed Bath & Beyond (BBBY) Q1 20 (USD): Adj. EPS -1.96 (exp. -1.22), revenue 1.31bln (exp. 1.39bln). Announced it is to close 200 stores over two years as sales fell around 50% during pandemic; BBBY said it was not reporting comp sales due to temporary store closures.
DocuSign (DOCU) had its PT upgraded at Wedbush to USD 240 (prev. USD 165, prev. closing price 206.35). The analyst “continues to believe DOCU’s deal flow is holding up well/stronger than expected in this Covid-19 pandemic environment which bodes well for strong underlying metrics/headline numbers during FY2Q”.
DraftKings (DKNG) and Twin River Worldwide (TRWH) Mardi Gras Casino announced the opening of DKNG’s temporary sportsbook at the casino in Black Hawk, Colorado. Guests can place bets at the sportsbook from 10th July.
Energy Transfer (ET) provided further clarification around news reports regarding the operations of the Dakota Access Pipeline, stating that it has never suggested that it would defy a court order. Rather, Dakota Access Pipeline was seeking appropriate relief from that order through the established legal process.
Japan Display (6740 JT) : FY group net loss JPY 101.42bln (prev. net loss JPY 106.59bln), operating loss JPY 38.54bln (prev. loss JPY 27.23bln), recurring loss JPY 57.76bln (prev. JPY 40.37bln).
Moderna (MRNA) announced a collaboration for large-scale commercial fill-finish manufacturing of its vaccine candidate with Rovi.
PTC (PTC) expects to deliver fiscal third quarter 2020 ARR growth of 9% year over year, 10% in constant currency; and also expects to deliver double-digit revenue and free cash flow year-over-year growth for the fiscal third quarter 2020; it will report results on 29th July.
Restaurant Brands (QSR) Burger King in the UK is warning of 1,600 potential job losses as it could close up to 10% of its restaurants
SAP (SAP GY, SAP) – Q2 prelim: total revenue EUR 6.74bln, +2% (+1% non-IFRS), operating profit EUR 1.28bln, +55% YY (+8% non-IFRS), non-IFRS cloud revenue EUR 2.04bln +21% YY (19% non-IFRS). At present, cloud backlog seen at EUR 6.65bln, +20%, cloud backlog remains strong but cloud revenue in Q2 was impacted by lower pay-as-you-go transactional revenue given COVID-19. Reiterates FY20 outlook. For FY20: confirm non-IFRS revenue EUR 27.8-28.5bln vs. Prev. EUR 27.6bln, cloud revenue EUR 8.3-8.7bln vs. prev. EUR 7.0bln, operating profit EUR 8.1-8.7bln vs. Prev. EUR 8.2bln. Have seen a strong sequential improvement compared to Q1 regarding software license revenue. Q2 & H1 results will be released on 27th July.
Siemens (SIE GY, SIEGY) – Are to spin off 55% of Siemens Energy to shareholders will equate to 1 Siemens Energy share for 2 Siemens shares. Initial listing of new shares is scheduled for 28th September 2020, will commence with a BBB rating at S&P. Siemens will retain a 35.1% stake in the spin-off and the Siemens pension trust an additional 9.9% stake, as such Siemens no longer has a controlling share. Further stake reductions could take place at a significant scale in the next 12-18 months. Separately, Co. are not planning any job reductions from COVID-19. For reference, in FY19 Siemens Energy generated revenue of circa EUR 29bln according to Siemens AG combined statements.

Additional US Equity Stories

Of note for Social Media names (FB, TWTR, SNAP), ByteDance is reportedly considering a change in the corporate structure to distance the app from China, and is also considering a TikTok HQ outside of China, according to WSJ.
Peloton (PTON) new product will probably not be a rowing machine or exercise bike, its CFO announced, but it could potentially be a lower price treadmill. The CFO stated the co. believes “the running and boot camp category is two-to-three [times] the size of the bike category”, adding it is first and foremost on their minds, reports Barron’s.
Walgreens Boots Alliance (WBA) CFO says towards the end of Q3 online volume sales reached Black Friday levels on a daily basis, and May sales increased almost 120%, with June sales growth even higher.
Tesla (TSLA) CEO Musk announced the automaker was "very close" to developing fully autonomous vehicles and could work out the basics of that technology as soon as this year; he reiterated that the electric vehicle maker has solved most of the essential challenges toward achieving fully self-driven cars that needs no human behind the wheel. The Tesla and SpaceX chief was reaffirming a goal first expressed in 2019.
Delta AIrlines (DAL) CEO reiterates urge for workers to consider voluntary departure., and announced it flew 20% of customers over the July 4th weekend.
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Travel / Hospitality Fund

Are there any funds that target these sectors? I'm looking at airlines, cruises, casinos etc
Want to put some money into the recovery of this market. I'm in carnival at the moment and doing well but would rather be exposed to a range of businesses than one
This is in addition to my existing global tracker and Lindsell train.
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What's Happening in CT 10/17 - 10/20

Thursday, October 17th, 2019:

Friday, October 18th, 2019:
Saturday, October 19th, 2019:
Sunday, October 20th, 2019:
How about check out a newly released movie this weekend!
You can also check this link out for a ton more events all around CT!
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User Suggested Events:
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I think it was removed because I posted o my Tumblr. Sorry!
submitted by SheCalledMePaul to Connecticut [link] [comments]

global casino carnival video

YouTube Carnival Mardi Gras - Cruise Ship Roller Coaster (Preview ... Sxm Round Town Jump-Up 2019 88-year-old retires and lives on cruise ship - YouTube Reginald F. Lewis Museum Gala Party 2016: Global Carnival Carnival Recruitment Video - YouTube 20 MOST EMBARRASSING MOMENTS IN SPORTS - YouTube Carnival Mardi Gras Deck Tour (2019) - YouTube Rio Carnival 2020 [HD] - Floats & Dancers  Brazilian ...

Wrote to Michael Bayona about casino perks for our upcoming cruise. I got two surprises - its now called Global Casino Services and we can forget about perks!! :eek: In the past, the lowest amount weve ever received was $25. Our casino spending is fairly consistent on each cruise and our last cru... Global Casino Operations (Carnival Corporation Casino Division) is responsible for the recruitment of casino personnel on all the Carnival brands, including Carnival Cruise Lines, Princess Cruises, Holland America Line, P&O Cruises, Cunard Line, AIDA, Seabourn, Costa Cruises and a few others. Combined, these lines operate a fleet of over 100 cruise For Carnival Corporation media inquiries and editorial photo requests, please contact: Roger Frizzell, SVP & Chief Communications Officer, Carnival Corporation & plc Email: [email protected]. For 24-hour media inquiries and access requests, please contact: (800) 438-6744 ext. 16000 (305) 599-2600 ext. 16000 Fax: (305) 406-8630 Email: media Speedy Global. We help people get jobs all over the world! If you want a Visit our facebook page for each country. Casino At Sea Speedy Global Australia Speedy Global India Speedy Global Indonesia Speedy Global Japan Speedy Global Korea Speedy Global Put your skills and a little luck to the test in Carnival's casinos! Guests must be 18 years of age or older to play the tables and the slot machines; guests under 18 years of age are not permitted in the casino at any time. Tables and Slot Machines. 0 Results Found. Please try a different keyword/location combination or broaden your search criteria. Jobs Near You. Agent, Personal Vacation Planner Human Resources, Sales, Corporate, Vacation Planner Miramar, Florida 01/22/2021; Director, Marine Investigations Executive Management Miami, Florida 08/20/2020; Port Operations Director Finance, Executive Management, Corporate Miami, Florida 11 Our casino spending is fairly consistent on each cruise and our last cruise was in September. Such is life - I guess I'll go to Vegas or else save my casino money for casinos that are in each port. Thank you for contacting Global Casino Services! Unfortunately, you do not qualify for any pre-boarding comps on this cruise. SVP, Global Casino Operations at Carnival Corporation Miami, Florida 500+ connections. Join to Connect Carnival Corporation. University of Florida. Report this profile Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Our portfolio of leading cruise brands includes Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, and Fathom in North America; P&O Cruises and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Welcome to Global Casino Operations! We are proud to be the exclusive provider of on-board casino services for brands under Carnival Corporation. As the largest and most popular provider of ocean casino employment, we are always looking to grow our team with the right talent. Come explore the world with us!

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YouTube

Got Talent Global Recommended for you. 17:44. 20 Most Famous Home Runs in ... GRAND MASTERS BAND IN DE MIX 201718 St Kitts Nevis Carnival - Duration: 18:31. DJ- Carty 64,494 views. 18:31. St ... Carnival Cruise Line is bringing fast thrills and fun to their largest cruise ship ever, Mardi Gras. The ship will feature BOLT, a roller coaster with 800 fo... A deck tour of Carnival Mardi Gras, Carnival Cruise Line's upcoming mega-ship that is due out in the summer of 2020. This will be Carnival's largest ship to ... Rio de Janeiro Carnival highlights.The competition took place on February 23 and 24, 2020. The Special Group of the Samba Schools Parade always happen on Sun... About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators ... this is my greatest fortnite video ever👕LAZAR Merch - https://shoplazar.com/🐤TWITTER - https://twitter.com/lazarbeam📷INSTAGRAM - https://instagram.com/laz... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. This is the recruitment video for Carnival Cruise Line (CCL), one of the Carnival & PCL brands. Speedy Global is a hiring partner for CCL. An estimated 24 million people are expected to take cruises this year. One report showed more than a quarter of them are age 60 or older, and more than one-f... The Reginald F. Lewis Museum Gala Party 2016: Global Carnival offered guests cocktails, food stations, casino, live music, entertainment lounge, DJ and dancing on all floors of the museum.

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