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Tuesday, November 18, 2014

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November 18, 2014
A Male TV Host Wore The Same Suit Every Day For A Year To Prove A Point About Sexism A Male TV Host Wore The Same Suit Every Day For A Year To Prove A Point About Sexism
by Sarah Kimmorley on Nov 18, 2014, 3:59 AM
Nobody notices. And that was the purpose.


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

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November 18, 2014

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Stocks rallied on Tuesday, with the Dow and the S&P 500 both making fresh all-time highs as the S&P 500 closed above the 2,050 level for the first time. Meanwhile, the price of oil fell again, with West Texas Intermediate crude falling more than 1.5% to back below $74.50. 

First, the scoreboard:

  • Dow: 17,687.8, +40, (+0.2%)
  • S&P 500: 2,051.8, +10.5, (+0.5%)
  • Nasdaq: 4,702.4, +31.4, (+0.7%)

And now, the top stories on Tuesday:

1. On Tuesday morning we got inflation data from the producer price index, which showed that prices rose 0.2% month-on-month in October, beating expectations for a 0.1% decline. Excluding food and energy, prices rose 0.4%, topping estimates for a 0.1% increase, though these data were the result of a weird quirk. Ian Shepherdson at Pantheon Macro, in a note following the report, said that when crude oil falls, input costs to gas stations drop immediately, but retail prices adjust less quickly, therefore recording a temporary increase in the services component of PPI. Crude oil prices fell 9.8% month-on-month in October.

2. Data from the National Association of Home Builders showed that homebuilder confidence rose to 58 in November, up from 54 last month and just a point below September's reading of 59, which marked a post-crisis high. Shepherdson said the report showed a nice rebound, but cautioned that the long-term relationship between the index and official new home sales numbers has "substantially" overstated sales the past couple of years. 

3. Back in October, inflation expectations in the form of "breakevens" were all the rage. Near the market bottom on October 15, breakevens had fallen back towards levels that in the past saw the Fed embark on a new round of quantitative easing. However, at the end of the month, the Fed elected to end QE, and while the stock market has bounced back to make new all-time highs, inflation expectations have tumbled back towards their mid-October lows. Just something to keep an eye on. 

4. Apple shares climbed again on Tuesday, adding more than 1% to close north of $115, as analysts continue to raise their price target on shares of the iPhone maker. Business Insider's Jay Yarow reported Tuesday that analysts at BTIG Research upped their price target on Apple to $135 from $128 for a new, innovative reason: selfies. The firm believes that the "selfie craze" and the enhanced camera features on iPhone 6 could serve as a positive catalyst for sales of the device. 

5. A new academic paper suggests that if your company's CEO is playing lots of golf, your company could be underperforming. Among the report's finding are that the number of golf rounds a CEO is negatively correlated with changes in firm profitability, and that one S&P 1500 CEO played 146 rounds during a fiscal year.

6. Zoetis, the animal health company that Bill Ackman holds a 10% stake in said on Tuesday that its profit for 2015 would come in below expectations. Shares of Zoetis were halted for trade ahead of the announcement, as the company has been seen as a potential takeover target in the wake of Monday's news that Actavis would acquire Allergan, the Botox-maker that Ackman had been seeking to acquire with Valeant Pharmaceuticals. 

Don't Miss: The West Can Only Dream Of Japan's 'Failure' »

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Ferguson Officer Accused of Raping Pregnant Inmate (Newser Happy Hour 6-pack)

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


Ferguson Officer Accused of Raping Pregnant Inmate

Ferguson Officer Accused of Raping Pregnant Inmate

(Newser) - More trouble for authorities in Ferguson, Mo.: As the city braces for the grand jury decision in the Michael Brown police shooting case, a correctional officer has been accused of serious misconduct. Jaris Hayden, 29, allegedly raped a pregnant inmate in his custody before allowing her to escape from the... More  »

 
Germ-Killer in Soap May Also Be Liver-Killer

Germ-Killer in Soap May Also Be Liver-Killer

(Newser) - A chemical found in most antibacterial soaps may be fighting off germs at the cost of causing liver damage. There have been question marks around triclosan for some time—the FDA warned last year that antibacterial soap could be harmful, and Minnesota banned the ingredient this year —but new... More  »

 
US Worries Russia Put a 'Satellite Killer' in Space

US Worries Russia Put a 'Satellite Killer' in Space

(Newser) - The US military is among those tracking an object Russia recently sent into space. Object 2014-28E, which has been moving toward other Russian space objects, was at first thought to be simply debris, the Financial Times reports. It could be intended to repair satellites already in space, or it could... More  »

 
Since 2011, 12 Idaho Kids Have Died, Without Investigation

Since 2011, 12 Idaho Kids Have Died, Without Investigation

(Newser) - Thirty-two states have religious exemptions to some crimes against children; six of those allow a religious exemption in cases including manslaughter, negligent homicide, or capital murder. But Idaho has earned a disturbing distinction: In the past two decades, it's the only one of those six states where kids have... More  »

 
3 Americans Killed in Israel Synagogue Rampage

3 Americans Killed in Israel Synagogue Rampage

(Newser) - Two Palestinians armed with knives, axes, and guns stormed a Jerusalem synagogue today, killing four people before dying in a shootout with police, officials say. The dead included three dual US-Israeli citizens and one British-Israeli citizen, all of them rabbis, reports CNN . Israeli police called the incident a terrorist attack... More  »

 
11 Years After Fatal DUI, Man Busted in New Crash

11 Years After Fatal DUI, Man Busted in New Crash

(Newser) - Back in 2003, James Stitt swerved into 17-year-old Caitlin Weese's car, hitting her head-on and killing her near the Chicago suburb of Gilberts, Ill. She'd been on her way home from the mall after buying clothes for her approaching high school graduation. He'd already had two DUIs—... More  »

 

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Could Social Media Change The Way We Communicate At Work?

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Business Insider Select
 
November 18, 2014
Could Social Media Change The Way We Communicate At Work? Could Social Media Change The Way We Communicate At Work?

Learn about a new way to work. [Sponsored content brought to you by IBM.]
Read»
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THE FUTURE OF MOBILE: 2014 [SLIDE DECK]
THE FUTURE OF MOBILE: 2014 [SLIDE DECK]
Mobile revenue is moving into software and services.   Read»
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11 Of The Weirdest Scholarships Students Can Get
11 Of The Weirdest Scholarships Students Can Get
If you're left-handed, a natural redhead, or a skilled duck caller, you...  Read»
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5 Powerful Ways To Find Career Success Before You Turn 30
5 Powerful Ways To Find Career Success Before You Turn 30
At just 28 years of age, Varun Mehta has already held key positions at...  Read»
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Tesla's Original CEO Reveals What It's Like To Get Fired By Elon Musk
In August 2007, Martin Eberhard was in Los Angeles to give a talk at a...  Read»
We Finally Found The Mystery Virus That's Turning Starfish Into Goo
We live in a time when our climate is warming more rapidly than ever...  Read»
Facebook Just Launched Another App, And This Time It's Trying To Make Group Messaging Better
Facebook is launching yet another app today.  This time...  Read»
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The 10 Best Bluetooth Headsets On The Market
The 10 Best Bluetooth Headsets On The Market
A reliable Bluetooth headset makes doing chores and activities that...  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...  Read»
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New Finding Explains Why You Are Tired All The Time
New Finding Explains Why You Are Tired All The Time
You've heard of "Owls" and "Larks", now sleep scientists propose two...  Read»
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Toyota Is Bringing In The Future With A New Fuel Cell Car
Toyota Is Bringing In The Future With A New Fuel Cell Car
It's called the Mirai.   Read»
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See Also
How Webcam Models Make Money
How Webcam Models Make Money
Webcam modeling, or "camming," has become a lucrative profession now...
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Uber Employees Allegedly Warned Another Journalist That Uber Could Look At Her Rider Info
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Google wants to be able to create accurate, automatic captions for...
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