A passenger has landed a plane at a Florida airport after the pilot became incapacitated.

Air Traffic Controller Robert Morgan, a certified flight instructor, was on a break when the call came in from the plane.

“They’re like, ‘Hey, this pilot’s incapacitated. The passengers are flying the plane. They have no flying experience,” he told CNN.

“I said, ‘Oh boy.'”

“He was really calm. He said, ‘I don’t know how to fly. I don’t know how to stop this thing if I do get on the runway.'”

Morgan had never flown that model Cessna, so he pulled up a picture of the instrument panel’s layout and guided the passenger step-by-step.

And the passenger managed to land the plane safely at Palm Beach International – amazing.


To Markets …

The ASX 200 is up 107.40 points or 1.55% at midday today to 7,048.40.

Chinese stocks ended the session mixed yesterday, tracking broad declines among Asian equities as investors digested higher-than-expected US inflation data.

Developments surrounding China’s Covid-19 policies will remain in focus, after the country’s censors blocked the WHO’s criticism of its zero-Covid strategy from social media on Wednesday.

“China’s Covid-zero policy will continue crimping growth….Nor has China’s property developer debt woes gone away, with news that major developer Sunac has missed a foreign currency bond payment,” Oanda senior market analyst Jeffrey Halley said in a note.


UK recession concerns

London’s FTSE 100 closed down 1.6% as the UK saw the risk of a sharp economic downturn increase as it published weak GDP data for the first quarter and investors worried the US Federal Reserve would hamper growth in its effort to bring inflation under control.

“Whether the UK suffers a technical recession or something more severe will largely depend on the choices consumers make and the development of external risks,” Kallum Pickering, a senior economist at Berenberg, said in a note.


Powell scores a second term

The US Senate voted overwhelmingly on Thursday to give Jerome Powell a second term as US Federal Reserve chair.

The Dow Jones Industrial Average declined for a sixth consecutive session Thursday, extending a streak of volatility in a market driven by worries that the Federal Reserve will hamper growth in its effort to bring inflation under control.

The blue-chip index fell 0.3%. The S&P 500 declined 0.1%. The Nasdaq Composite Index edged up less than 0.1%. All three indexes are on pace for weekly declines of at least 3.5%.


Tech stocks look for solid ground

Tech stocks particularly flourished in the ultra-low interest-rate era and have tumbled sharply this year, with the Nasdaq Composite trading at its lowest level since November 2020.

“They [tech investors] found themselves at the most vulnerable time, the farthest out on the cliff, so now they’re walking back from the cliff and trying to get on more solid ground, and they’re changing their risk profiles,” said Dan Genter, chief executive and chief investment officer of Genter Capital Management.

Genter recommends investors to take advantage of the recent declines in the market, which have made equities more affordable. His firm isn’t worried about a recession but is still holding dividend-paying stocks out of caution.




Here are the best performing ASX small cap stocks for May 13 [intraday]:

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Code Company Price % Market Cap
AFW Applyflow Limited 0.002 100% $2,957,608.03
ANL Amani Gold Ltd 0.0015 50% $23,293,441.13
CCE Carnegie Cln Energy 0.002 33% $22,653,860.57
OZM Ozaurum Resources 0.19 31% $8,296,320.00
AXP AXP Energy Ltd 0.0065 30% $29,060,903.37
ACW Actinogen Medical 0.079 25% $112,117,560.47
SBW Shekel Brainweigh 0.15 25% $19,869,900.00
UBN Urbanise.Com Ltd 0.445 24% $20,345,068.44
ADY Admiralty Resources. 0.016 23% $16,946,528.99
ABY Adore Beauty 1.53 21% $118,596,866.22
CLE Cyclone Metals 0.006 20% $28,471,184.91
BOT Botanix Pharma Ltd 0.077 18% $63,254,234.81
GAL Galileo Mining Ltd 0.58 18% $82,520,510.45
M8S M8 Sustainable 0.02 18% $7,131,159.32
HIQ Hitiq Limited 0.069 17% $6,676,214.80
BAS Bass Oil Ltd 0.049 17% $7,501,683.59
MTH Mithril Resources 0.007 17% $17,521,398.25
ROG Red Sky Energy. 0.007 17% $31,813,363.18
BRK Brookside Energy Ltd 0.0185 16% $56,195,979.58
RML Resolution Minerals 0.015 15% $8,649,765.79
CVV Caravel Minerals Ltd 0.23 15% $77,970,003.40
AOA Ausmon Resorces 0.008 14% $6,001,025.40
ESH Esports Mogul Ltd 0.004 14% $11,276,978.87
CTT Cettire 0.52 14% $173,463,390.10
BSX Blackstone Ltd 0.28 12% $117,561,891.25
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OzAurum Resources (ASX:OZM) says a new diamond drill hole is hitting gold-hosting rock at ‘Mulgabbie North’, “further validating the potential of Mulgabbie to be a significant gold discovery”.

“The Mulgabbie North Gold Project is shaping up to be a significant gold discovery situated right alongside the Northern Star Carosue Dam Mill,” CEO and MD Andrew Pumphrey said.

An RC rig is planned to mobilise to site in three weeks’ time to commence RC drilling at the Demag Zone, with sampling and assay protocols to allow for a potential future JORC 2012 compliant resource to be estimated with confidence at Mulgabbie North.

And AXP Energy (ASX:AXP) has leveraged the strength in recent spot gas prices to roll forward existing, lower-priced supply agreements with one of its major customers to secure a 41% increase in pricing.




Code Company Price % Market Cap
EQS Equitystorygroupltd 0.1 -20% $3,678,123.38
PPG Pro-Pac Packaging 1.08 -19% $108,687,949.40
PO3 Purifloh Ltd 0.37 -18% $14,185,574.10
REZ Resourc & En Grp Ltd 0.039 -17% $23,490,872.08
GO2 Thego2People 0.018 -14% $8,539,403.33
NOR Norwood Systems Ltd. 0.012 -14% $4,165,585.16
YOW Yowie Group 0.044 -14% $11,146,962.95
E79 E79Goldmineslimited 0.14 -13% $8,737,574.72
GRE Greentechmetals 0.1675 -12% $5,943,199.81
SHN Sunshine Gold Ltd 0.031 -11% $16,373,795.55
SMS Starmineralslimited 0.195 -11% $5,775,000.00
ID8 Identitii Limited 0.055 -11% $12,426,067.84
BAT Battery Minerals Ltd 0.008 -11% $21,127,181.14
ZGL Zicom Group Limited 0.065 -11% $15,716,738.96
FSG Field Solu Hldgs Ltd 0.13 -10% $110,742,532.73
OLL Openlearning 0.035 -10% $8,360,991.56
1ST 1St Group Ltd 0.009 -10% $5,541,538.08
RAS Ragusa Minerals Ltd 0.072 -10% $10,052,626.40
SBR Sabre Resources 0.0045 -10% $13,945,824.27
CZN Corazon Ltd 0.027 -10% $18,309,916.71
KP2 Kore Potash PLC 0.019 -10% $15,517,102.23
PRX Prodigy Gold NL 0.019 -10% $12,235,179.73
DME Dome Gold Mines Ltd 0.19 -10% $73,412,668.56
1AD Adalta Limited 0.058 -9% $20,107,823.74
FFG Fatfish Group 0.029 -9% $33,156,156.06
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