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Tuesday, November 4, 2014

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November 04, 2014
Here's Proof The Media Really Is Liberal Here's Proof The Media Really Is Liberal
by Andy Kiersz and Hunter Walker on Nov 4, 2014, 1:23 PM
Many Americans believe liberals dominate our...


Turkey Is Cracking Down On Those Speaking Out Against The Government, But Leaving ISIS Supporters Alone Turkey Is Cracking Down On Those Speaking Out Against The Government, But Leaving ISIS Supporters Alone
by Elcin Poyrazlar on Nov 4, 2014, 12:23 PM
Aytekin Gezici was asleep at his home in...


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MIDTERMS 2014: Kansas Republican pounces on Biden claim independent rival 'will be with us'

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OIL PLUNGES AGAIN: Here's What You Need To Know

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November 04, 2014

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Stocks went nowhere on Tuesday as oil tumbled again, falling to a three-year low overnight, and a report from Reuters indicated that there is growing discontent within the European Central Bank regarding Mario Draghi's communication tactics. Tuesday also marked Election Day in the US.

First, the scoreboard:

  • Dow: 17,383.8, +17.6, (+0.1%)
  • S&P 500: 2,012.1, -5.7, (-0.3%)
  • Nasdaq: 4,623.6, -15.2, (-0.3%)

And now, the top stories on Tuesday:

1. Crude oil fell again on Tuesday, settling near $77.20, its lowest level in three years as the bear market in oil continues. But Business Insider's Shane Ferro writes that falling oil is not going to kill the US economy. Or at least, not yet. But if crude gets closet to $70, then Wood Mackenzie estimates the US could start to see supply disruptions. In the meantime, US consumers can enjoy gas prices that are now at their lowest price since 2011. 

2. In the US, we got economic data in the form of factory orders, which fell 0.6% month-on-month in September, a decline that was in-line with expectations. The latest report from the Census showed that new orders in September fell 1.1% and inventories rose 0.4%. 

3. The US trade deficit for September came in at $43 billion, wider than the $40.2 billion that was expected by economist and wider than the $40 billion reported in August. "The collapse in crude oil prices means that the trade deficit will narrow again before the end of this year," Capital Economics' Paul Ashworth said. "September was just a bit too early to pick up the change."

4. Alibaba reported its first earnings report since going public in September, reporting earnings per share that were in-line with expectations on revenue that topped estimates. Shares of the Chinese e-commerce giant rose another 4% on Tuesday, moving to a new all-time high of more than $106 following the report. 

5. The European Commission released its growth forecasts for Europe, one of its bi-annual outlooks, and the Commission cut its overall growth outlook for the economic block to 1.1% from 1.7% earlier in the spring. Among other projections, the report see France growing just 0.3% this year while Italy is expected to fall into recession.

6. The decline in the European Commission's outlook for the Europe also came on the same day that a report from Reuters said that there is growing discontent inside of the European Central Bank, with a number of euro area bankers reportedly growing discontented with ECB president Mario Draghi's "secretive" management style and "erratic" communication. 

7. Among the biggest stock losers on Tuesday was Herbalife, which lost more than 20% after last night reporting earnings that disappointed and giving a revenue growth outlook that came in well below expectations. The decline in Herbalife was part of an overall terrible day for activist hedge fund manager Carl Icahn, whose Icahn Enterprises reported a $355 million net loss in the quarter. 

8. Stocks moved to near all-time highs late last week, and on Monday touched a new all-time intraday high, but according to Goldman Sachs's risk model, there is only an average possibility that stocks will have a "bust" over the next 5 to 9 quarter. 

9. Tuesday is Election Day in the US, and as Business Insider's Brett Logiurato reports, experts are currently expecting Republicans to take the majority in the Senate and widen their advantage in the House of Representatives. 

Don't Miss: Money Is Still Running From PIMCO's Total Return ETF »

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Man Killed in Freak Tape-Measure Accident (Newser Happy Hour 6-pack)

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


Man Killed in Freak Tape-Measure Accident

Man Killed in Freak Tape-Measure Accident

(Newser) - It was the tragically wrong place at the wrong time for 58-year-old construction worker Gary Anderson yesterday morning, when he pulled up to a 50-story apartment building under construction in Jersey City, NJ, to deliver sheetrock. He parked, poked his head into a vehicle to talk to someone, and then... More  »

 
Mom: I Threw My 6-Year-Old Son Off Bridge

Mom: I Threw My 6-Year-Old Son Off Bridge

(Newser) - A 6-year-old boy was found floating near a marina in Newport, Ore., just a short time after a woman made a 911 call saying she had thrown her son off the Yaquina Bay Bridge, the AP reports. Police have arrested 34-year-old Jillian McCabe and charged her with aggravated murder, murder,... More  »

 
GOP's Chances of Taking Senate: More Than 70%

GOP's Chances of Taking Senate: More Than 70%

(Newser) - It's Election Day, and Democrats' chances of retaining control of the Senate look pretty slim, according to election models at the Washington Post , the New York Times , and FiveThirtyEight, which put the chances of a GOP victory at 96%, 73%, and 76%, respectively. The Post notes that all three... More  »

 
Kids Born in 'Sperm Deal' Caught in 4-Parent Fight

Kids Born in 'Sperm Deal' Caught in 4-Parent Fight

(Newser) - What started out as a well-intentioned parenting arrangement has deteriorated into one of the most "bruising and distressing" cases a British family court judge has ever seen, the Telegraph reports. A gay man in a civil partnership decided to donate his sperm to a lesbian friend (also in a... More  »

 
Brittany Maynard's Death 'Reprehensible,' Says Vatican

Brittany Maynard's Death 'Reprehensible,' Says Vatican

(Newser) - The Vatican has made its views on Brittany Maynard's death very clear: The decision to end her own life was "reprehensible," says the Vatican's bioethics chief. "Assisted suicide is an absurdity," Monsignor Ignacio Carrasco de Paula tells ANSA . As for Maynard's support for... More  »

 
Guy Parks Plane Outside Pub, Goes in for a Beer

Guy Parks Plane Outside Pub, Goes in for a Beer

(Newser) - Buying a plane must be thirsty work: Police in Newman, Western Australia, say a man who had just purchased a two-seater Beechcraft decided to drive it home and stop for a beer at a pub on the main street on the way. A resident says he was astounded to see... More  »

 

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The Smartwatch Market Is Poised For Aggressive Growth

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Business Insider Select
 
November 04, 2014
The Smartwatch Market Is Poised For Aggressive Growth The Smartwatch Market Is Poised For Aggressive Growth

Smartwatches will dominate the market. 
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One Leadership Skill You Won't Learn ​In Business School
One Leadership Skill You Won't Learn ​In Business School
LinkedIn Influencer Bernard Marr published this post...  Read»
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BMW Boss To China's Auto Market: It's Over
BMW Boss To China's Auto Market: It's Over
During a recent quarterly conference call, BMW CEO Norbert Reithofer...  Read»
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10 Athletes Who Took Over In 2014
10 Athletes Who Took Over In 2014
If we had sat down back on January 1 and tried to predict which athletes...  Read»
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UN REPORT: Our Climate Change Future Is Terrifying And Emissions Need To Stop Completely As Soon As Possible
Coastal cities vanish under the encroaching sea, storms and wildfires...  Read»
Celebrities Aren't Bailing On Virgin Galactic After Crash
After Virgin Galactic's SpaceShipTwo crashed in the Mojave Desert on...  Read»
5 Reasons It's Better To Be A Generalist Than A Specialist
Are the days of Da Vinci dead? Is it possible to, at once, be a...  Read»
Advertisement
We Surveyed People About Smartwatches And Their Answers Reveal Why This Market Will Be Small
We Surveyed People About Smartwatches And Their Answers Reveal Why This Market Will Be Small
People just don't see the point of a smartwatch.   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 you need to know for Tuesday. 1.  In a...  Read»
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11 Things Hardly Anyone Knows About Nike
11 Things Hardly Anyone Knows About Nike
Nike's 50-year history in business has taken some surprising turns.  Read»
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An Artist Invented A Simple Machine That Turns Coca-Cola Into Drinking Water
An Artist Invented A Simple Machine That Turns Coca-Cola Into Drinking Water
Artist Helmut Smits has developed a "distilling...  Read»
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See Also
15 Free Online Resources That Will Make You Smarter
15 Free Online Resources That Will Make You Smarter
Being a successful entrepreneur means you have to wear a lot of...
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The Massive Boom In Advertising On Social Networks Will Create New Winners And Losers In Digital
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Social is creating new winners in the internet industry. 
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Well-known Russian actor Mikhail Porechenkov, who has appeared in a host...
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The 10 Best Work-From-Home Jobs
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If you've dreamed of skipping your morning commute and working from...
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