RT Steve Jurvetson (@FutureJurvetson)Boeing Starliner: Never forget: Incompetence + arrogance => astronauts refused to fly Starliner, and when they were made to, it was a disaster.From Eric Berger's book:“BOEING HAS AN ASTRONAUT PROBLEM” (p.291)“When the SpaceX engineers could be corralled, they were eager to hear feedback from the NASA astronauts , excited to work with them, and attentive to their suggestions. By contrast, Boeing engineers seemed indifferent to hearing from the four commercial crew astrona ...

Boeing said on Tuesday it had received orders for nine CH-47F Block II Chinook helicopters from the U.S. Army via two contract awards worth $461 million. ...

机场管理局表示，事故的救援工作于20日中午结束，相关部门的取证也于20日约16时完成。北跑道基本复修工作于21日清晨完成。北跑道重新开放，可 按照航空交通管制使用，以配合移走涉事货机的工作。 香港波音货机坠海事故持续引发关注。10月21日晚，南都N视频记者获悉，香港机场管理局已更换损毁的跑道边围网、跑道灯及其他设施，修补和清理跑 道表面等。机管局已联同民航处相关人员到场检查，确认北跑道可安全运作，北跑道已重新开放，目前维持备用状态。机管局正统筹将飞机移走，包括 联络货机拥有者、筹备所需工具包括大型吊臂和船只等。 现场画面 （文章来源：南方都市报） 南都此前报道，10月21日，香港民航处公共关系组就此次事故回应南都记者称，"事发前，空管人员没有接收任何由该货机发出要求协助的信息。事发 时，空管人员按程序指挥涉事货机降落北跑道07L。货机降落后在滑行至接近跑道中间时，向左偏离滑出跑道，民航处正全力配合调查事故原因。" ...

Core Insights - The fragile ceasefire in Gaza has reignited violence, drawing investor attention to defense stocks and ETFs [1][2] - Geopolitical instability enhances the business prospects of defense contractors as governments increase military spending [2][9] Defense Sector Dynamics - U.S.-based defense companies supplying military hardware to Israel are likely to see increased orders and stock prices due to ongoing conflict [3] - Major defense contractors like Lockheed Martin, Boeing, and RTX Corp. are significantly involved in supplying arms to Israel, making them sensitive to the conflict's duration [4] - Recent share price increases for RTX (1.8%), Lockheed Martin (2.2%), and Boeing (1.8%) were driven by the latest ceasefire violations [4] Long-term Growth Factors - Defense spending is considered non-cyclical, providing predictable revenue streams for contractors, which is attractive during market volatility [5] - The defense sector is undergoing transformation through AI, autonomous drones, and cyber warfare, creating growth opportunities for innovative companies [6] - Global military spending is increasing, with the U.S. injecting an additional $150 billion for national security through the "One Big Beautiful Bill Act" [7] - NATO members have agreed to increase defense spending to 5% of GDP by 2035, significantly benefiting U.S.-based defense manufacturers [8] Investment Opportunities - The combination of geopolitical tensions, expanding budgets, and innovation positions the defense sector for sustained growth, making defense ETFs a strategic investment [9] - Prominent defense ETFs include: - Global X Defense Tech ETF (SHLD) with net assets of $5.10 billion and a year-to-date gain of 79.8% [10][11] - iShares U.S. Aerospace & Defense ETF (ITA) with net assets of $12.09 billion and a year-to-date gain of 42.7% [12] - Invesco Aerospace & Defense ETF (PPA) with a net asset value of $155.03 and a year-to-date gain of 35.7% [13]

Political Landscape - The U.S. is undergoing a "rightward shift" politically, reversing trends from the post-Cold War era, with significant ideological debates emerging domestically[3] - The upcoming midterm elections in November 2026 pose a risk for Trump, especially if economic downturns or conflicts arise before then[4] Economic Outlook - Inflation is currently manageable, with the Federal Reserve expected to lower interest rates two more times in 2025, following a recent cut[8] - The U.S. economy shows resilience, with corporate investments increasing as tariff uncertainties diminish, potentially supporting GDP growth over the next three years[9] Trade Relations - The U.S. has reached tariff framework agreements with most countries, with China being a notable exception; a key negotiation window is the APEC summit on October 1, 2025[7] - Recent U.S. sanctions on Chinese companies have escalated trade tensions, with China retaliating by halting soybean purchases from the U.S.[5] Investment Strategies - Investors are advised to diversify portfolios, favoring broad-based ETFs to mitigate risks associated with individual stocks[10] - The recommended asset allocation is 60% in stocks and 40% in bonds, with specific ETFs suggested for exposure to various sectors[10] Sector Analysis - The S&P 500's static P/E ratio is 28, above the historical average of 18, but excluding the M7 tech stocks reveals a more reasonable P/E of 19 for the remaining companies[11] - Financial and healthcare sectors are highlighted as undervalued, with P/E ratios of approximately 17 and 16, respectively, presenting investment opportunities[12] Emerging Trends - The AI sector is poised for significant growth, with major players like OpenAI and Google leading the charge; OpenAI's valuation has surged from under $100 billion to over $500 billion in two years[16] - The demand for gold is expected to rise due to geopolitical tensions, with recommendations for a 10%-20% allocation in investment portfolios[13]

Group 1 - The Chinese government maintains a consistent stance on US-China trade issues, emphasizing that trade wars do not benefit either side and advocating for negotiations based on equality, respect, and mutual benefit [1] - Recent comments from US President Trump threaten to impose export controls on aircraft parts, which could impact Boeing, a major player in the aerospace industry [1] - Currently, China operates approximately 1,855 Boeing aircraft and has at least 222 additional orders, with a significant portion being the popular 737 narrow-body jets [1] Group 2 - Trump's threats could undermine Boeing's reputation as a leading high-end manufacturer, turning it into a geopolitical tool and potentially damaging its global customer base [2] - The long-term implications of these actions may lead to skepticism from other countries regarding Boeing's reliability, especially among nations with complex relationships with the US [2]

Group 1: Government Shutdown Impact - The U.S. Senate failed to pass a government funding bill, resulting in the continuation of the government shutdown that began on October 1 [1][2] - The funding bill aimed to extend government funding until November 21 but did not meet the required 60 votes, receiving only 50 in favor [2] - The shutdown has led to the National Nuclear Security Administration (NNSA) initiating forced unpaid leave for approximately 1,400 employees, marking the first such occurrence since the agency's establishment in 2000 [4][5] Group 2: Economic Data and Federal Reserve - The government shutdown has caused a "data vacuum," complicating the Federal Reserve's ability to assess economic conditions, particularly regarding inflation and employment risks [6][7] - Financial markets expect the Federal Reserve to lower the benchmark interest rate by 25 basis points to a range of 3.75%–4.00% during the upcoming policy meeting [7] - The average monthly non-farm employment growth from June to August was only 29,000, significantly below pre-pandemic levels, raising concerns about the labor market's true state [7][8] Group 3: Stock Market Performance - U.S. stock markets experienced significant gains, with major indices rising over 1%, driven by optimism from quarterly earnings reports and improved risk appetite [3][10] - Apple Inc. saw its stock price reach a record high of $262.24, with a market capitalization of $3.89 trillion, surpassing Microsoft to become the second-largest company by market value in the U.S. [13][15] - The iPhone 17 series has shown strong early sales, outperforming the iPhone 16 series by 14%, indicating a positive trend for Apple's future sales [15]

Company Performance - Boeing's stock increased by 1.82% to $216.82, outperforming the S&P 500's daily gain of 1.07% [1] - Over the past month, Boeing's stock has decreased by 1.26%, underperforming the Aerospace sector's gain of 0.79% and the S&P 500's gain of 1.08% [1] Upcoming Earnings Report - Boeing is set to release its earnings report on October 29, 2025, with an expected EPS of -$1.71, reflecting an 83.62% increase compared to the same quarter last year [2] - Revenue is projected to be $21.64 billion, indicating a 21.28% growth year-over-year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at -$3.71 per share and revenue at $85.82 billion, representing increases of +81.8% and +29.01% respectively from the prior year [3] - Recent adjustments to analyst estimates for Boeing may indicate evolving short-term business trends, with positive revisions suggesting optimism about the business outlook [3] Zacks Rank and Industry Performance - The Zacks Rank system, which evaluates estimate changes, currently ranks Boeing as 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate for Boeing has decreased by 68.06% [5] - The Aerospace - Defense industry, part of the Aerospace sector, has a Zacks Industry Rank of 159, placing it in the bottom 36% of over 250 industries [6]

Core Insights - Defense stocks may present a buying opportunity as the government shutdown continues, with analysts suggesting potential upward revisions in outlooks once funding clarity is restored [1][3][4] Market Performance - Defense stocks have underperformed during the government shutdown, with the iShares U.S. Aerospace & Defense ETF (ITA) and Invesco Aerospace & Defense ETF (PPA) remaining flat while the S&P 500 rose nearly 2% [2] - Northrop Grumman (NOC) shares have decreased about 1% since the shutdown began but have increased approximately 28% in 2025, outperforming the S&P 500's nearly 15% rise [5][9] Analyst Recommendations - Analysts from Morgan Stanley recommend buying defense stocks with muted outlooks, anticipating upward revisions as government funding issues are resolved [3][7] - Companies such as Northrop Grumman, Lockheed Martin (LMT), and RTX Corp. (RTX) are expected to report earnings soon, with analysts predicting conservative outlooks due to the ongoing shutdown [7][8] Future Expectations - The White House Economic Advisor indicated that the government shutdown is likely to end soon, which could positively impact defense stocks [9]

Group 1: Steel Dynamics Financial Performance - Steel Dynamics Inc. reported Q3 2025 revenue of $4.83 billion, exceeding analyst expectations of $4.797 billion [2] - The company achieved a net income of $404 million, resulting in earnings per share (EPS) of $2.74, surpassing IBES estimates of $2.64 per share [2] - A decrease in unfairly traded imports and stronger demand across various sectors contributed positively to the company's performance [3] Group 2: Boeing Labor Dispute - Boeing and its striking union are engaged in mediated talks to resolve an 11-week labor dispute involving over 3,200 defense workers [4] - The strike has significantly impacted the production of F-15EX fighter jets and munitions for the U.S. Air Force [4] - The union has accused Boeing of not negotiating in good faith, while Boeing maintains its offer is fair [5] Group 3: Teva Pharmaceutical Partnership - Teva Pharmaceutical Industries Ltd. entered a licensing and supply agreement with Prestige Biopharma for the commercialization of Tuznue® in Europe [6] - Teva will gain exclusive commercialization rights for Tuznue® across 31 European markets, leveraging its extensive commercial network [7] - Tuznue® is a biosimilar to Roche's Herceptin®, approved for treating breast and metastatic gastric cancers [6] Group 4: US-Australia Critical Minerals Pact - The US and Australia signed an $8.5 billion critical minerals deal to counter China's dominance in rare earth elements [8] - The agreement aims to reshape global supply chains and establish a framework for securing vital supply chains [10] - The deal includes a comprehensive investment pipeline for mining projects, with the US seeking ownership stakes in Australian mining operations [10] Group 5: Dye & Durham Financial Strategy - Dye & Durham Ltd. plans to allocate $30 million from the sale of Credas Technologies for debt repayment [11] - This strategy is expected to help the company maintain financial compliance by March 31, 2026 [11]