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Thursday, September 18, 2014

Daily Alert: Media

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September 18, 2014
CNN Made A Huge Mistake On A Scotland Independence Poll CNN Made A Huge Mistake On A Scotland Independence Poll
by Hunter Walker on Sep 18, 2014, 7:40 PM
CNN gave 110% when they reported on a poll of...


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DOW, S&P 500 HIT NEW ALL-TIME HIGHS: Here's What You Need To Know

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September 18, 2014

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The Dow and S&P 500 hit new all-time highs on Thursday, as housing data came in worse than expected while initial jobless claims data beat expectations.

First, the scoreboard:

  • Dow: 17,265.99, +109, (+0.6%)
  • S&P 500: 2,011.32, +9.7, (+0.5%)
  • Nasdaq: 4,593.42, +31.2, (+0.7%)

And now, the top stories on Thursday:

1. The weekly report on initial jobless claims fell to 280,000, less than the 305,000 that was expected by economists and down from last week's 316,000. Following the report Ian Shepherdson at Pantheon Macro said: "With the exception of the week of July 19, when claims were distorted by the automakers' shutdowns, this is the lowest reading since May 2000."

2. Housing starts plummeted in August, falling at 14.4% to an annualized rate of 956,000 in the biggest monthly drop since April 2013. Economists were expected the pace of housing starts to fall 5.25 to 1.04 million. Following the report, Dean Maki at Barclays said, "Because the housing starts data are volatile on a monthly basis, these data do not change our view that a moderate housing recovery remains on track."

3. The Philadelphia Federal Reserve's latest manufacturing report fell to 22.5 from 28.0, also missing expectations for a reading of 23.0. The report's employment subindex, however, rose to its best level since May 2011. 

4. The latest Z.1 Flow of Funds report from the Federal Reserve showed that household net worth grew by $1.4 trillion in the second quarter to $81.5 trillion. During the quarter, the value of stocks rose $1 trillion and the value of real estate increased by $230 billion. Household debt increased by 3.6%. 

5. Shares of Rite Aid were among the biggest losers on Thursday, falling more than 18% after the pharmacy chain cut its fiscal-year earnings and sales outlook, citing reduced margin in its generic drug business. 

6. Microsoft laid off 2,100 employees, and a source close to the company told Business Insider's Julie Bort that cuts were happening in "many different team, functions and countries." Microsoft still plans to lay off 2,900 or so employees over the next few months.

7. Shares of pharmaceutical company VIVUS gained more than 12% after the FDA approved updated labeling for the company's erectile dysfunction treatment.

8. On Thursday, Scotland went to the polls to vote on a referendum to leave UK. Recent polls indicated that "No" votes were leading "Yes" votes by a margin of about 52-48, and on the belief that Scots will vote to stay in the UK, the British pound rallied. Conventional wisdom this week has pointed towards Scots voting to stay in the UK, but Business Insider's Joe Weisenthal reported that, according to a top analyst following the vote, a huge turnout could render recent polls useless. 

9. Business Insider's Jim Edwards will be live in London all night updating results of the Scottish vote as results roll in. Business Insider's Tomas Hirst will be be live in Edinburgh, Scotland documenting the scene as results come in. 

Don't Miss: BANK OF AMERICA: The 'Great Rotation' Is Going To Make A Big Comeback »

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Australia Foils Gruesome ISIS Beheading Plot (Newser Happy Hour 6-pack)

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The day's six most popular stories, in time to unwind.


Australia Foils Gruesome ISIS Beheading Plot

Australia Foils Gruesome ISIS Beheading Plot

(Newser) - Fifteen people have been detained in Australia, and police there say that in so doing, they have thwarted a plot to carry out a random beheading in Sydney. More than a dozen properties across Sydney were raided today by a force of 800 federal and state police officers, making it... More  »

 
Witness Saw Man With Missing UVa Student

Witness Saw Man With Missing UVa Student

(Newser) - Some of the last known movements of missing University of Virginia student Hannah Graham are being pieced together with the help of surveillance video. The two most recent videos to surface haven't been released, but police have described their contents. An eyewitness previously told police that Graham entered the... More  »

 
Armpit Hair Fire Triggers Car Crash

Armpit Hair Fire Triggers Car Crash

(Newser) - Police say five teenagers are lucky to be alive after an early Sunday rollover crash in Boise, Idaho. The cause? Burning armpit hair. Three boys and two girls, aged 15 to 18, suffered non-life-threatening injuries—a fortunate feat as police say none were wearing seat belts and two were thrown... More  »

 
Today's Scotland Vote: What You Need to Know

Today's Scotland Vote: What You Need to Know

(Newser) - Scots are taking to the polls today to determine whether Scotland should gain legal independence from the United Kingdom for the first time since 1707. Voters—more than 4 million perhaps, with 97% of the electorate registered to vote—have access to 2,608 polling places across the country between... More  »

 
Gay SF Official Makes Unusual HIV Announcement

Gay SF Official Makes Unusual HIV Announcement

(Newser) - A San Francisco official looks to be the first public figure in the country to "come out of the PrEP closet," as he puts it in a piece for the Huffington Post . Scott Wiener—who represents a district he calls "ground zero for the HIV epidemic"—... More  »

 
Mystery Donor Offers $30M Reward for MH17 Culprit

Mystery Donor Offers $30M Reward for MH17 Culprit

(Newser) - Everyone wants to know who shot Malaysia Airlines Flight MH17 out of the skies over Ukraine in July, but one unknown entity really wants to know—and is apparently willing to pony up $30 million for the answer. Wifka, a German private-investigation firm, says it has a client who's... More  »

 

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THE SOCIAL-COMMERCE REPORT: Social Networks Are Driving More Online Sales And Influencing Offline Purchases

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September 18, 2014
THE SOCIAL-COMMERCE REPORT: Social Networks Are Driving More Online Sales And Influencing Offline Purchases THE SOCIAL-COMMERCE REPORT: Social Networks Are Driving More Online Sales And Influencing Offline Purchases

Social commerce sales grew at three times the rate of e-commerce sales last year. Read »
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A NYC High School Helps Restore New York Harbor Through Their 1 Billion Oyster Project
A NYC High School Helps Restore New York Harbor Through Their 1 Billion Oyster Project
This technology is cleaning the New York harbor – with oysters. [Sponsor content brought to you by Verizon.]  Read »
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How Beacons Will Help Brick-And-Mortar Retailers Become More Like Amazon
How Beacons Will Help Brick-And-Mortar Retailers Become More Like Amazon
Beacons will revolutionize bricks-and-mortar retail.   Read »
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A 43-Year-Old German Cyclist Just Set A New World Hour Record And Immediately Retired
A 43-Year-Old German Cyclist Just Set A New World Hour Record And Immediately Retired
German cyclist Jens Voigt just set a new world hour record, cycling's...  Read »
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Australian Authorities Thwarted A Suspected Plot To Drape People In ISIS Flags And Behead Them In Public
Australian Authorities Thwarted A Suspected Plot To Drape People In ISIS Flags And Behead Them In Public
Police have confirmed Australia's largest ever counter-terrorism...  Read »
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15 Things That Are Harder To Get Into Than Harvard
15 Things That Are Harder To Get Into Than Harvard
Harvard is one of the most prestigious universities in the world. The...  Read »
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Discovery Is Becoming More And More Ridiculous With Its Fake Documentaries
Discovery Is Becoming More And More Ridiculous With Its Fake Documentaries
Despite widespread backlash over fake documentaries, supposedly...  Read »
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This Manservant Service Looks Like A Joke — But It Isn't
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Last week, an indignant audience including prelates and leaders of the...
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