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Wednesday, December 10, 2014

Daily Alert: Media

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December 10, 2014
Casual Sex Is More Popular Than Ever In The US — But That's Not A Terrible Thing Casual Sex Is More Popular Than Ever In The US — But That's Not A Terrible Thing
by Pere Estupinyà on Dec 10, 2014, 5:14 PM
The saying "Why do they call it love when...


TIME's Heroic 'Person Of The Year' Was Treated Like Public Enemy #1 TIME's Heroic 'Person Of The Year' Was Treated Like Public Enemy #1
by Ben Winsor and Lauren F Friedman on Dec 10, 2014, 3:15 PM
TIME has decided that "The Ebola Fighters" are...


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STOCKS CRUSHED, OIL TANKS: Here's What You Need To Know

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December 10, 2014

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Stocks got crushed and oil tanked on Wednesday, as the Dow fell more than 200 points and all of the major stock indexes lost more than 1.5% while oil made fresh multi-year lows. 

First, the scoreboard:

  • Dow: 17,533.1, -268 (-1.5%)
  • S&P 500: 2,026.1, -33.7 (-1.6%)
  • Nasdaq: 4,684, -82.4 (-1.7%)

And now, the top stories on Wednesday:

1. Stocks took a beating. After falling early in the day on Tuesday and then turning around, stocks started Wednesday lower and took a turn for the worse in the afternoon, with the Dow losing as many as 285 points at one point. Stocks attempted to stage a rally in the last hour of trade, before falling back to session lows into the close.

2. Oil was again the lead story in the markets, as WTI and Brent crude both made fresh lows, with WTI breaking below $61 a barrel and Brent falling below $65 a barrel for the first time since 2009. At one point on Wednesday, WTI was down more than 5%. There were a number of bad headlines for oil on Wednesday, with OPEC's latest report showing a reduction in demand expectations for 2015, the US EIA's latest status report showing an unexpected increase in inventories last week, and comments from Saudi Arabian Minister of Petroleum Ali Al-Naimi that suggested a change in tone out of OPEC. 

3. In an afternoon email, NYSE Floor Governor Rich Barry noted that on the floor of the NYSE, all traders can talk about is oil. "While the sell-off in crude has been a drubbing of historic proportions, we do not think it is over yet.," Barry wrote. "Look for more pain and a little more bloodletting before we see a real bottom in place. Or, to quote one esteemed market-player in expressing his views on commodity prices, 'The number of human beings in the history of mankind who could consistently and accurately predict future commodity prices is Zero.'" 

4. And while the oil and equity markets were falling sharply on Wednesday, the VIX, or volatility index, spiked. The VIX climbed to nearly 20 on Wednesday, a rise of more than 20%, bringing the measure's gains to almost 50% since Friday, when it was trading closer to 11. Long-dated US treasury bonds also rallied on Wednesday, with the 10-year falling back below 2.2% to as low as 2.16%, and the 30-year extending its gains to as low as 2.82%. 

5. On Tuesday, BlackRock released its 2015 investment outlook, and the firm is looking for a few main themes next year: volatility and standout US growth. 

6. It was an ugly day overall for oil and gas stocks, with the some of big losers including Hess, Marathon Oil, Williams, Devon Energy, and Noble Energy, which all fell more than 4%. Some of the other notable S&P 500 losers were Yum! Brands, which last night said its sales in China still continue to recover at a slower pace than expected. 

Don't Miss: Jeff Gundlach's Presentation On The Changing World Of Investing » 

 


NOW WATCH: Jeff Bezos Explains Why Failure Is A Great Thing

 

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Mississippi Teenager Burned Alive (Newser Happy Hour 6-pack)

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


Mississippi Teenager Burned Alive

Mississippi Teenager Burned Alive

(Newser) - Seasoned investigators in Mississippi say it's the most brutal crime they have ever seen. Jessica Chambers, 19, was burned alive on Saturday night after she went out to have her car cleaned and get a bite to eat. She was found badly burned near her burning car on a... More  »

 
Oops! LeBron Touched Kate

Oops! LeBron Touched Kate

(Newser) - Prince William and wife Kate met LeBron James Monday night after the Cleveland Cavaliers played the Brooklyn Nets in New York, and the NBA star accidentally breached royal protocol ... by putting his arm around Kate. As Time notes, the understood—even if not explicitly stated—etiquette dictates that when meeting... More  »

 
Prosecutor Shot Dead in Northernmost US City

Prosecutor Shot Dead in Northernmost US City

(Newser) - America's northernmost city has been stunned by the shooting death of an assistant district attorney. In what could be Alaska's first targeted killing of a state prosecutor in memory, Brian Sullivan, 48, was shot dead at a home in Barrow Monday night, and suspect Ronald Fischer, 47, is... More  »

 
Man at Center of Supreme Court Case Has Vanished

Man at Center of Supreme Court Case Has Vanished

(Newser) - A New York man was "shocked" when he learned that a home in Baltimore he owned had been razed by the city—illegally, he says—and he managed to get his case all the way to the Supreme Court. But as justices prepare to hear it, Bobby Chen is... More  »

 
Hallmark Yanks 'Swastika' Gift Wrap

Hallmark Yanks 'Swastika' Gift Wrap

(Newser) - Hallmark has halted sales of wrapping paper with a swastika-like design and apologized to customers who may have been offended. California woman Cheryl Shapiro was looking at rolls of paper in a Walgreen's Hanukkah display last week when she noticed how lines in the trim formed the symbol. "... More  »

 
Harvard Prof Flips Over $4 Chinese Food Overcharge

Harvard Prof Flips Over $4 Chinese Food Overcharge

(Newser) - A Boston-area Chinese restaurant charging $1 more per plate than it advertises on its online menu may have served the wrong guy—a Harvard Business School professor specializing in online advertising fraud who wasted no time in pulling out the Massachusetts Consumer Protection Statute and threatening legal action. According to... More  »

 

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The 'Ad Viewability' Uproar: How The Digital Media Industry Is Attacking The Problem Of Unseen Online Ads

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December 10, 2014
The 'Ad Viewability' Uproar: How The Digital Media Industry Is Attacking The Problem Of Unseen Online Ads The 'Ad Viewability' Uproar: How The Digital Media Industry Is Attacking The Problem Of Unseen Online Ads

Advertisers are wasting money on digital ads that are never seen.
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Mobile Is Revolutionizing The Way Merchants Accept Payments And Manage Their Businesses
Mobile Is Revolutionizing The Way Merchants Accept Payments And Manage Their Businesses
Some small retailers are reverting back to legacy point-of-sale systems.  Read»
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The 'Internet of Things' Will Be The World's Most Massive Device Market And Save Companies Billions Of Dollars
The 'Internet of Things' Will Be The World's Most Massive Device Market And Save Companies Billions Of Dollars
The Internet of Things will soon be the largest device market in the world.   Read»
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Here Are The Best And Worst Mobile Banking Apps
Here Are The Best And Worst Mobile Banking Apps
Banking online is great because it's convenient. And it's even more...  Read»
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Mobile Advertising Is Exploding And Will Grow Much Faster Than All Other Digital Ad Categories
An in-depth look at the ins and outs of the mobile advertising market.    Read»
Leaked Sony Emails Reveal 'LEGO Movie' Directors May Make Animated Spider-Man Movie
Filmmakers Phil Lord and Chris Miller have created a very solid working...  Read»
The Microsoft Engine That Nailed The World Cup Is Predicting Every NFL Game — Here Are Its Picks For Week 15
Microsoft Cortana had one of its worst weeks of the NFL season...  Read»
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Now San Francisco And Los Angeles Are Suing Uber
Now San Francisco And Los Angeles Are Suing Uber
San Francisco and Los Angeles district attorneys filed a consumer...  Read»
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Perdue Farmer Reveals How Bad Life Is For His 'Humanely Raised' Chickens
Perdue Farmer Reveals How Bad Life Is For His 'Humanely Raised' Chickens
Big meat producers have responded to consumer demand by marketing...  Read»
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Chinese Man Working On US Fighter Jets Caught With Documents And Cash At Airports
Chinese Man Working On US Fighter Jets Caught With Documents And Cash At Airports
Yu Long, a Chinese national and a former resident of Connecticut, has...  Read»
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DOW DOWN 280
DOW DOWN 280
Stocks are getting crushed. On Wednesday, oil was crashing...  Read»
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See Also
Albert Einstein Gave Marie Curie Some Amazing Advice For Being A Woman In Science
Albert Einstein Gave Marie Curie Some Amazing Advice For Being A Woman In Science
In November 1911, Marie Skłodowska-Curie was weeks away from being...
  Read»  
Business Is Booming Again In The 'Dark' Online Drug Market
Business Is Booming Again In The 'Dark' Online Drug Market
When the well-known drug marketplace Silk Road 2.0 and other services...
  Read»  
A Guy Without A Lawyer Got The Supreme Court To Hear His Case — And Then Disappeared
A Guy Without A Lawyer Got The Supreme Court To Hear His Case — And Then Disappeared
A man who convinced the Supreme Court to hear his case against the City...
  Read»  
Study Shows Millennial Media, Yahoo And AOL Are Littered With Low Quality Ads
Study Shows Millennial Media, Yahoo And AOL Are Littered With Low Quality Ads
This Global Seller Trust Index from Pixalate shines a light on the most "trustworthy" (and untrustworthy) programmatic ad sellers.
  Read»  


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