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Sweet emotion in Philadelphia as Aerosmith starts its farewell tour, and fans dream on

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Sweet emotion in Philadelphia as Aerosmith starts its farewell tour, and fans dream on

PHILADELPHIA (AP) — Aerosmith is one of the best things to come out of Boston, and soon it will exist only in memories and playbacks — like Tom Brady, “Cheers” and Larry Bird.

The quintet has given the world 50 years of classic rock and some of the most enduring songs of all time, including “Dream On,” “Walk This Way” and “Sweet Emotion.”

Aerosmith began its farewell “Peace Out” tour Saturday in Philadelphia with a two-hour set spanning its voluminous catalog — giving the world one last chance to see what earned these skinny guys from New England an exalted place in the pantheon of rock’s all-time greats.

Singer Steven Tyler, guitarists Joe Perry and Brad Whitford, and bassist Tom Hamilton all wore black cowboy hats as they ripped into “Back In The Saddle,” the song that has opened Aerosmith shows for decades as a giant Aerosmith logo folded down from the rafters, flanked by an even bigger set of wings.

Tyler and Perry sang from either side of a microphone stand draped in Tyler’s trademark scarves, recreating one of rock’s most iconic poses. Tyler nailed the extreme high note at the end of the song, proving that even at age 75 and after a life filled with pharmaceutical misadventures, he can still bring it.

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“Love In an Elevator” and “Cryin’,” two major radio hits from the late ‘80s and early ‘90s, followed, setting up the band’s controversial hit “Janie’s Got A Gun,” a song about a girl who was sexually abused by her father.

The band also tossed fans some rare chestnuts like “No More, No More,” on which Tyler forgot several of the words; “Adam’s Apple,” “Seasons Of Wither” and the Mississippi Delta blues-inspired “Hangman Jury.”

But there’s only room for so many songs in a two-hour show, and with a catalog as deep as Aerosmith’s, some of the biggest hits got cut, including “Dude (Looks Like A Lady)” and “Train Kept A-Rollin’,” which often closed the show on previous tours.

That Aerosmith even played Philadelphia is amazing, given its fans’ history of injuring band members. In Oct. 1977, someone threw an M80 explosive onstage that went off in Tyler’s face, burning his cornea and opening a bloody wound on Perry’s arm. A year later, at another Philadelphia show, someone threw a bottle that shattered against an onstage speaker, sending glass shards into Tyler’s face and mouth.

Tyler referenced those assaults during Saturday’s show, recalling them as “the big bang theory” before Perry shushed him. Tyler quickly changed the subject to the fact that his mother’s family came from Philadelphia.

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Saturday’s show was the 40th that Aerosmith has played in the City of Brotherly Love, and ended without anyone needing paramedics.

There were the typical opening-night glitches. Tyler started singing the chorus of “Dream On” a verse too soon before catching himself. Perry’s guitar died a few notes into the iconic opening riff to “Walk This Way.” And after a masterful harmonica solo on “Hangman Jury,” Tyler tossed the small instrument backwards over his shoulder, only to realize he’d need it again at the end of the song. A roadie was summoned to hand it back to him.

But so much more went right than went wrong, and it’s been that way for decades at Aerosmith concerts. Perry was positively brilliant on vocals and guitar during a cover of Fleetwood Mac’s 1968 three-chord blues jam “Stop Messin’ Round,” during which he and Whitford traded solos, and Tyler gave the harmonica another workout.

Perry even played a guitar that the wife of the late guitar legend Jeff Beck gave him — keeping Beck’s presence onstage for a bit longer — and “Rats In The Cellar,” a song about the filthy environs of drug use in New York in the 1970s, was as hard, fast and tight as it ever was.

Drummer Joey Kramer opted out of the farewell tour “to focus his full attention on his family and health,” according to the band. John Douglas, a drummer, artist and drum kit customizer for acts including Van Halen, ZZ Top and Guns ‘N’ Roses, filled in admirably.

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Bassist Tom Hamilton got a huge ovation while playing the opening notes of “Sweet Emotion,” possibly the most famous bass intro to a song in rock history. And a giant elephant, frog, gnome and teddy bear descended from the ceiling on “Toys In The Attic.”

“Walk This Way” was a huge worldwide hit for more than a decade, before taking on added significance in 1986 when rap group Run-D.M.C. teamed up with Aerosmith on a version of the song that is widely credited with helping break down the barriers that had separated fans of rock and rap. (In case the significance of the breakthrough was lost on anyone, the video for the collaboration shows the two acts literally kicking down a wall that separated them in adjacent recording studios, and finally playing together.)

During the song’s performance to close the show Saturday night, confetti and streamers cascaded down from the ceiling; Tyler grabbed a piece of confetti from the air and ate it.

The opening act, The Black Crowes, presumably had a lead singer onstage. But vocalist Chris Robinson was so thoroughly drowned out by his brother Rich’s guitar for most of their hour-long set that it was hard to tell. I’ve got a remedy: turn the guitars down and turn the vocals up. That shouldn’t be too hard to handle.

___

Follow Wayne Parry on X, the social media platform formerly known as Twitter, at www.twitter.com/WayneParryAC

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Rental home investors poised to benefit as mortgage rates, high home prices sideline buyers in 2025

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Rental home investors poised to benefit as mortgage rates, high home prices sideline buyers in 2025

LOS ANGELES (AP) — Rental homes will remain an attractive option next year to would-be homebuyers sidelined by high mortgage rates and rising home prices, analysts say.

American Homes 4 Rent and Invitation Homes are two big real estate investment trusts poised to benefit from the trend, say analysts at Mizuho Securities USA and Raymond James & Associates.

Their outlooks boil down to a simple thesis: Many Americans will continue to have a difficult time finding a single-family home that they can afford to buy, which will make renting a house an attractive alternative.

It starts with mortgage rates. While the average rate on a 30-year mortgage fell to a two-year low of 6.08% in late September, it’s been mostly rising since then, echoing moves in the 10-year Treasury yield, which lenders use as a guide to pricing home loans.

The yield, which has hovered around 4.4% this week, surged after the presidential election, reflecting expectations among investors that President-elect Donald Trump’s proposed economic policies may widen the federal deficit and crank up inflation.

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Analysts at Raymond James and Associates say they see mortgage rates remaining “higher for longer,” given the outcome of the election. Last week, they reiterated their “Outperform” ratings on American Homes 4 Rent and Invitation Homes, noting “we are increasingly confident in the longer-term outlook for single-family rental fundamentals and the industry’s growth prospects.”

They also believe the two companies will continue to benefit from “outsized demographic demand for suburban homes,” and the monthly payment gap between renting and owning a home, which they estimate can be as much as 30% less to rent.

Analysts at Mizuho also expect that homeownership affordability hurdles will maintain “a supportive backdrop” and stoke demand for rental houses, helping American Homes 4 Rent and Invitation Homes to maintain their tenant retention rates.

The companies are averaging higher new and renewal tenant lease rates when compared to several of the largest U.S. apartment owners, including AvalonBay, Equity Residential and Camden Property Trust, according to Mizuho. It has an “Outperform” rating on American Homes 4 Rent and a “Neutral” rating on Invitation Homes.

Shares in Invitation Homes are down 1.2% so far this year, while American Homes 4 Rent is up 4.4%. That’s well below the S&P 500’s 24% gain in the same period.

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While individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, homebuilders have stepped up construction of new houses planned for rental communities.

In the third quarter, builders broke ground on about 24,000 single-family homes slated to become rentals. That’s up from 17,000 a year earlier. In the second quarter, single-family rental starts climbed to 25,000, the highest quarterly total going back to at least 1990, according to an analysis of U.S. Census data by the National Association of Home Builders.

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US briefed Ukraine ahead of Putin's 'experimental Intermediate-range ballistic' attack

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US briefed Ukraine ahead of Putin's 'experimental Intermediate-range ballistic' attack

A U.S. official on Thursday confirmed to Fox News Digital that Ukrainian authorities were briefed ahead of Russia’s “experimental Intermediate-range ballistic missile” attack that this type of weapon may be used against Ukraine in order to help it prepare.

Russian President Vladimir Putin confirmed the attack Thursday evening local time in an address to the nation and said it was in direct response to the U.S. and the U.K. jointly approving Ukraine’s use of Western-supplied long-range missiles to target Russia.

It remains unclear if there were any casualties in the attack on the city of Dnipro, which was originally reported as an Intercontinental Ballistic Missile (ICBM) strike, and which would have marked the first time such a weapon had been used during a time of war, sending panic across the globe. 

1,000 DAYS OF WAR IN UKRAINE AS ZELENSKYY DOUBLES DOWN ON AERIAL OPTIONS WITH ATACMS, DRONES AND MISSILES

Putin and U.S. sources have since confirmed the strike was not an ICBM, but the Kremlin chief also claimed that the weapon used poses a significant challenge for Western nations. 

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“The missiles attack targets at a speed of MACH 10. That’s 2.5 miles per second,” Putin said according to a translation. “The world’s current air defense systems and the missile defense systems developed by the Americans in Europe do not intercept such missiles.”

Fox News Digital could not immediately verify whether the U.S. or its NATO allies are capable of defending against this latest missile, dubbed the Oreshnik. 

But according to one U.S. official, Putin may be playing up his abilities in a move to intimidate the West and Ukraine. 

A Yars intercontinental ballistic missile is test-fired in northwestern Russia on Oct. 29. (Russian Defense Ministry Press Service via AP)

“While we take all threats against Ukraine seriously, it is important to keep a few key facts in mind: Russia likely possesses only a handful of these experimental missiles,” the official told Fox News Digital. “Ukraine has withstood countless attacks from Russia, including from missiles with significantly larger warheads than this weapon.

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“Let me be clear: Russia may be seeking to use this capability to try to intimidate Ukraine and its supporters, or generate attention in the information space, but it will not be a game-changer in this conflict,” the official added. 

US EMBASSY IN KYIV CLOSED AS ‘POTENTIAL SIGNIFICANT AIR ATTACK’ LOOMS

Following President Biden’s position reversal this week to allow Ukraine to use U.S.-supplied long-range Army Tactical Missile Systems (ATACMS) against the Russian homeland, Kyiv immediately levied strikes against a military arsenal in the Russian region of Bryansk, more than 70 miles from Ukraine’s border. 

While Ukrainian troops are the ones to officially fire the sophisticated missiles, the weapons system still relies on U.S. satellites to hit its target — an issue Putin touched on in his unannounced speech Thursday. 

“We are testing the Oreshnik missile systems in combat conditions in response to NATO countries’ aggressive actions against Russia. We will decide on the further deployment of intermediate-range and shorter-range missiles depending on the actions of the U.S. and its satellites,” he said.

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dnipro

Firefighters work at the site of a Russian missile strike in Dnipro, Ukraine, on Thursday. (Press service of the State Emergency Service of Ukraine in Dnipropetrovsk region/Handout via Reuters)

Putin claimed Russia will alert Ukrainian citizens of an impending attack like the strike he carried out on Thursday, though it remains unclear if he issued a warning to the Ukrainians living in Dnipro. 

The Kremlin chief said the “defense industry” was targeted, though images released by the Ukrainian ministry of defense showed what appeared to be civilian infrastructure was also caught in the fray. 

The Pentagon on Thursday confirmed that Russia informed the U.S. of the impending attack, which corresponds with information obtained by Fox News Digital, but it is unclear if Moscow clarified which Ukrainian city was the intended target.

A U.S. official told Fox News Digital that the U.S. is committed to helping Ukraine bolster its air defense systems and has done so already by supplying Ukraine with hundreds of additional Patriot and Advanced Medium-Range Air-to-Air Missiles. 

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South Korea says Russia sent North Korea missiles in exchange for troops

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South Korea says Russia sent North Korea missiles in exchange for troops

South Korea’s national security adviser says North plans to use the weapons to defend its airspace over the capital.

Russia has provided North Korea with anti-air missiles and air defence equipment in return for sending soldiers to support its war against Ukraine, according to a top South Korean official.

Asked what the North stood to gain from dispatching an estimated 10,000 troops to Russia, South Korea’s national security adviser Shin Won-sik said Moscow had given Pyongyang economic and military technology support.

“It is understood that North Korea has been provided with related equipment and anti-aircraft missiles to strengthen Pyongyang’s weak air defence system,” Shin told South Korean broadcaster SBS in an interview aired on Friday.

At a military exhibition in the capital, Pyongyang, North Korean leader Kim Jong Un on Friday called for developing and upgrading “ultra-modern” versions of weaponry, and pledged to keep advancing defence capabilities, state media reported.

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Russia this month ratified a landmark mutual defence pact with North Korea as Ukrainian officials reported clashes with Pyongyang’s soldiers on the front lines.

The treaty was signed in Pyongyang in June during a state visit by Russian President Vladimir Putin. It obligates both states to provide military assistance “without delay” in the case of an attack on the other and to cooperate internationally to oppose Western sanctions.

South Korea’s National Intelligence Service told lawmakers this week that the troops deployed to Russia are believed to have been assigned to an airborne brigade and marine corps on the ground, with some of the soldiers having already entered combat, the Yonhap news agency reported.

The intelligence agency also said recently that North Korea had sent more than 13,000 containers of artillery, missiles and other conventional arms to Russia since August 2023 to replenish its dwindling weapons stockpiles.

Experts say Pyongyang could be using Ukraine as a means of realigning foreign policy.

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By sending soldiers, North Korea is positioning itself within the Russian war economy as a supplier of weapons, military support and labour – potentially bypassing its traditional ally, neighbour and main trading partner, China, according to analysts.

Russia can also provide North Korea access to its vast natural resources, such as oil and gas, they say.

North Korean Foreign Minister Choe Son Hui recently visited Moscow and said her country would “stand firmly by our Russian comrades until victory day“.

North Korea said last month that any troop deployment to Russia would be “an act conforming with the regulations of international law”, but stopped short of confirming that it had sent soldiers.

The deployment has led to a shift in tone from Seoul, which had so far resisted calls to send weapons to Kyiv. However, President Yoon Suk-yeol indicated South Korea might change its longstanding policy of not providing arms to countries in conflict.

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