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Thursday, August 28, 2014

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August 28, 2014
'LET MEN BE MEN': Watch Fox News Hosts Defend Catcalling Women 'LET MEN BE MEN': Watch Fox News Hosts Defend Catcalling Women
by Colin Campbell on Aug 28, 2014, 1:39 PM
The hosts of Fox News' "Outnumbered" show...


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Fighting in Syria spawns separate civil war in global jihadist movement

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STOCKS FALL: Here's What You Need To Know

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Closing Bell
 

August 28, 2014

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Stocks fell as headlines out of Ukraine and Russia indicated that the situation in Eastern Ukraine escalated significantly, as Ukrainian President Petro Poroshenko said Russian troops advanced across the border. The decline in stocks also marks the first time this week that the S&P 500 did not make an all-time high.

First, the scoreboard:

  • Dow: 17,079.57, -42.4, (-0.2%)
  • S&P 500: 1,996.74, -3.4, (-0.2%)
  • Nasdaq: 4,557.69, -11.9, (-0.3%)

And now, the top stories on Thursday:

1. The second estimate for second quarter GDP showed the economy grew 4.2% in the quarter, up from the 4% first estimated by the BEA last month. This topped the 3.9% that was expected by economists. One of the most encouraging parts of the report was the 8.4% increase in nonresidential fixed investment, which is seen as a proxy for business spending. This increase suggests "that businesses began to put cash to work in Q2 as the US economy rebounded from the early-year growth stumble," said TD Securities' Gennadiy Goldberg. 

2. Weekly initial jobless claims came in at 298,000, topping the 300,000 that was expected by economists. Following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Favorable claims trend signals strong payrolls." Shepherdson said the report is consistent with his projection for nonfarm payrolls to jump 250,000 in August. That report is due out next Friday.

3. Pending home sales jumped 3.3% in July, rebounding after a 1.3% decline in June. This also topped the 0.5% increase expected by economists. "Interest rates are lower than they were a year ago, price growth continues to moderate and total housing inventory is at its highest level since August 2012," said Lawrence Yun of the National Association of Realtors.

4. In an interview with Bloomberg's Betty Liu, outgoing AIG CEO Bob Benmosche disclosed that he accelerated his retirement due to his deteriorating health. Benmosche told Liu that his cancer has worsened, and he has nine months to a year left to live. 

5. RadioShack shares surged on Thursday, bringing their weekly gains to more than 100% after a report by Bloomberg's Jodi Xu and Lauren Coleman-Lochner said that hedge fund Standard General increased its stake in the troubled retailer and is in talks to raise cash to prevent bankruptcy. 

6. Abercrombie & Fitch shares fell nearly 5% as sales continue to slow at the teen retailer, prompting the company to make a big change to its clothing lineup: no more logos. 

7. Morgan Stanley analyst Adam Jonas again published a note warning on the growing number of subprime auto loans. In his note on Thursday, Jonas published a conversation he had with an Ohio Chevy dealer, who said that the length of auto loans has increased to 72 months and noted that there has been a marked increase in subprime lease loans. This follows a June note from Jonas that warned on the same topic. 

Don't Miss: DAVID TICE: Stocks Will Fall 30%-60% »

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Death Valley's Moving Rock Puzzle Finally Cracked (Newser Happy Hour 6-pack)

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Death Valley's Moving Rock Puzzle Finally Cracked

Death Valley's Moving Rock Puzzle Finally Cracked

(Newser) - For at least a century, the "slithering stones" of Death Valley—rocks, some of them boulders weighing more than 600 pounds, that move across the desert floor and leave long trails behind them—have presented a puzzle, and researchers have been trying to solve it since 1948. Explanations including... More  »

 
Joan Rivers in Critical Condition

Joan Rivers in Critical Condition

(Newser) - Joan Rivers stopped breathing during throat surgery today and is in critical condition, reports TMZ . The website also says that Rivers' heart stopped beating at one point. The 81-year-old comedian is now at Mt. Sinai Hospital in Manhattan, reports NBC New York . She was rushed there from a clinic elsewhere... More  »

 
Brad Pitt, Angelina Jolie Got Married—5 Days Ago

Brad Pitt, Angelina Jolie Got Married—5 Days Ago

(Newser) - Brad Pitt and Angelina Jolie just pulled off the near-impossible: They got hitched without the paparazzi figuring it out. A spokesperson for the couple confirms to the AP that they were married Saturday in France. As predicted , they wed in a small chapel at their estate, Chateau Miraval, in a... More  »

 
Site Will Fine You for Even Threatening a Bad Review

Site Will Fine You for Even Threatening a Bad Review

(Newser) - You think fining people $500 for a crummy hotel review is bad? OnlineAccessoryOutlet.com will take $250 from your pocket if you even threaten to leave a less-than-stellar review. Customers "agree not to file any complaint, chargeback, claim, dispute, or make ... any public statement regarding the order," or... More  »

 
Panda Faked Pregnancy for Extra Bamboo

Panda Faked Pregnancy for Extra Bamboo

(Newser) - A panda research center in China called off what would have been the first-ever live broadcast of a panda birth after determining that panda Ai Hin wasn't pregnant—just crafty. Pregnant pandas at the Chengdu Research Base of Giant Panda Breeding get special treatment, and while "phantom pregnancies"... More  »

 
Ukraine: Russia Is Invading

Ukraine: Russia Is Invading

(Newser) - Ukraine's Ministry of Foreign Affairs tweeted a pair of hashtags last night—#UkraineUnderAttack and #RussiaInvadedUkraine—which appear to sum up the situation on the ground, the Washington Post reports. Pro-Russia separatists backed by Russian troops, artillery, and armored vehicles are now attacking on two fronts, authorities in Kiev say,... More  »

 

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THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market

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August 28, 2014
 THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market THE PROGRAMMATIC ADVERTISING REPORT: Real-Time Bidding Is Taking Over The Digital Ad Market

 RTB will account for 33% and $18.2 billion of U.S. digital ad sales in 2018.
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A New, Probably Unrelated Ebola Outbreak Is Happening In Central Africa
A New, Probably Unrelated Ebola Outbreak Is Happening In Central Africa
The Ebola outbreak in West Africa has claimed the lives of at least...  Read»
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Hundreds Of Westerners Have Joined ISIS — Here's Where They Came From
Hundreds Of Westerners Have Joined ISIS — Here's Where They Came From
In the aftermath of the sadistic murder of American journalist James...  Read»
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The 10 Most Important Things In The World Right Now
The 10 Most Important Things In The World Right Now
Good morning! Here's what people will be talking about Thursday: 1. The...  Read»
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Apple Is Building A Massive Stage For The iPhone 6 Event
On Wednesday we learned that the iWatch would debut alongside the iPhone...  Read»
For The First Time Ever, We've Found Neutrinos Forged In The Heart Of The Sun
Tiny particles forged in the heart of the sun have been detected for the...  Read»
See The Secret, Tiny Bedrooms Flight Attendants Use On Long-Haul Aircraft
A room without a view.  Read»
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OBAMA: 'WE DON'T HAVE A STRATEGY YET' ON ISIS
OBAMA: 'WE DON'T HAVE A STRATEGY YET' ON ISIS
President Barack Obama addressed a pair of escalating world crises...  Read»
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NATO Releases Satellite Evidence That Russia Is Lying About Invading Ukraine
NATO Releases Satellite Evidence That Russia Is Lying About Invading Ukraine
NATO released a series of satellite images on Thursday showing what a...  Read»
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UKRAINIAN PRESIDENT: Russian Troops Are Advancing Into Ukraine
UKRAINIAN PRESIDENT: Russian Troops Are Advancing Into Ukraine
Russian troops fighting on the side of separatists in Ukraine are...  Read»
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Here's What Happens When Someone Calls A SWAT Team On You As A Prank
Here's What Happens When Someone Calls A SWAT Team On You As A Prank
A gamer using the Twitch video service apparently caught the moment an...  Read»
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See Also
One Artist's New App Lets You Send Messages To Your Friends — But They're Delivered By A Stranger
One Artist's New App Lets You Send Messages To Your Friends — But They're Delivered By A Stranger
Filmmaker and artist Miranda July released her own messaging app on...
  Read»  
Samsung's New Necklace Is The Strangest Tech Product We've Seen All Year
Samsung's New Necklace Is The Strangest Tech Product We've Seen All Year
The headphone necklace vibrates when you receive a call.
  Read»  
This Is LG's New Round-Face Smartwatch: The G Watch R
This Is LG's New Round-Face Smartwatch: The G Watch R
LG has officially unveiled its new round-faced smartwatch, the G Watch R, which will debut later this year. 
  Read»  
Photos: Apple Will Launch A GOLD iPhone 6
Photos: Apple Will Launch A GOLD iPhone 6
Imagery of component parts for the new phone show its range of colors.
  Read»  


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