Over the weekend, Pigeons Playing Ping Pong hit the famed Manchester, Tennessee music festival, Bonnaroo, laying out a truly on-point performance in That Tent from 1 am to 2:30 am. The Baltimore-based jam and funk act pulled out all the stops for the special show, inviting Michael Girardot and Rob Ingraham, trumpet and tenor sax players for The Revivalists, out for portions of the show. The rowdy crowd, in turn, lapped up the set, with the audience spilling out well beyond the tent and singing and clapping along throughout.As Greg Ormont told Live For Live Music about the performance,Bonnaroo is the ultimate hang! After raging our late night set in front of a sea of people, we kicked it for the weekend and caught some great acts that we don’t usually see in the jam circuit like Pond, Anderson .Paak, Nile Rodgers, Reggie Watts, Thundercat, Muse, Eminem, The Revivalists, Ikebe Shakedown, Gogo Penguin, and tons more. We’re all leaving Bonnaroo super inspired to keep writing new music and pursuing our dreams. Much respect to the entire Bonnaroo team for making such a huge event run so smoothly. We know it takes a ton of work and they really knocked it out of the park.As for the show itself, one of the biggest highlights was the presence of The Revivalists’ horns, who added a little something special to the already-energetic performance. The duo of Girardot and Ingraham sat in from “The Liquid” through “Whoopie”, later reemerging for “F.U.” and “Doc”. Other highlights included in the “Space Jam” that led into “The Hop” and “F.U.”, which saw Ben Carrey and Alex Petropulos really open up.You can check out the setlist from Pigeon Playing Ping Pong’s high-octane Bonnaroo performance below. Plus, don’t miss the band’s Bonnaroo recap video, which was created by David Diller of Ninja Video and which Live For Live Music is proud to premiere and host on our YouTube channel.Setlist: Pigeons Playing Ping Pong | Bonnaroo | Manchester, TN | 5/8/2018Porcupine, Somethin’ For Ya > Julia > Under The Sea > Julia, The Liquid*, Whoopie* > 1999* > Whoopie*, Spacejam > The Hop > F.U.*, Doc*, Horizon, Ocean Flows*w/ Rob Ingraham on Sax and Michael Girardot on Trumpet from The Revivalists
Will loan losses from the coronavirus recession get worse, much worse or extremely worse over the next six-to-12 months? All of the above, bank executives said this week.In reporting third-quarter results, CEOs and finance chiefs at the five biggest US lenders gave a muddled picture of what to expect. Economic conditions improved in recent months thanks to pandemic lockdowns lifting, as well as government assistance and loan forbearance. But it is not clear that stimulus programs will continue or whether the world is headed for a new wave of infections.”The economy and the markets this year have been defined more than anything else by the impact of the global health-care crisis,” Bank of America Corp Chief Executive Brian Moynihan said on Wednesday. “This has created a sinuous path for the recovery.” The US job market improved, consumer spending rose and borrowers continued to use extra cash to pay down debt, helping the overall credit picture. Banks put far less money aside for souring loans in the third quarter than they did earlier this year, and haven’t experienced any meaningful loan losses yet.However, Bank of America, Citigroup Inc, JPMorgan Chase & Co and Wells Fargo & Co executives warned that losses on various types of loans might not really take shape until next year. For instance, credit-card write-offs usually happen after 180 days of delinquency, and those borrowers are still largely current.“We’re still in the midst of a crisis,” said Citigroup Chief Financial Officer Mark Mason. The pandemic has put pressure on Citi’s credit card business, because customers used plastic less and paid down debt.Commercial borrowers facing pandemic-related business pressure are not slacking on payments yet, either. Bank of America expects commercial losses to be “lumpy” next year, depending on what happens to particular companies, Chief Financial Officer Paul Donofrio said. Goldman Sachs Group Inc Chief Executive David Solomon pointed to the restaurant, hospitality and oil and gas industries as particularly vulnerable.“There continues to be enormous uncertainty globally in the trajectory of the virus,” he said.JPMorgan, the largest US bank, has become more optimistic about how the pandemic may affect its loan book, with its “base case” scenario looking better than it did three months ago.The bank is far from certain the trajectory will continue though, with CEO Jamie Dimon saying reserves could be off by US$10 billion to $20 billion if things get a lot better or worse.“The economy has materially improved,” said Wells Fargo CEO Charles Scharf, pointing to all the factors that have helped buoy the economy for now. “However, there’s still a long way to go, and there remains significant risk to the recovery.”Topics :
The virus has now infected more than 88,000 people and spread to more than 60 countries after first emerging in China late last year. AFP With fears of a pandemic on the rise,the World Health Organization urged all countries to stock up on critical careventilators to treat patients with severe symptoms of the deadly respiratorydisease. (AFP) South Korea, the biggest nest ofinfections outside China, reported nearly 500 new cases on Monday, bringing itstotal past 4,000. The virus has now infected more than88,000 people and spread to over 60 countries after first emerging in Chinalate last year. A second person died in the northwesternUS state of Washington as President Donald Trump, who has downplayed the riskof a major outbreak, faced criticism over his administration’s preparedness torespond to the threat. THE global death toll from the newcoronavirus epidemic surpassed 3,000 on Monday after dozens more died at itsepicenter in China and cases soared around the world with a second fatality onUS soil.