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Wednesday, January 7, 2015

Daily Alert: Media

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January 07, 2015
Editor Killed In Shooting Offered This Explanation In 2012 For Publishing Muhammad Cartoons Editor Killed In Shooting Offered This Explanation In 2012 For Publishing Muhammad Cartoons
by Stefano Pozzebon on Jan 7, 2015, 10:25 AM
The interview dates back to 2011.


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STOCKS RALLY: Here's What You Need To Know

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January 07, 2015

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Stocks surged to post their first gains of the year on Wednesday as each of the major stock indexes rose more than 1% and the S&P 500 snapped its streak of three straight losing days to kick off 2015.

First, the scoreboard:

  • Dow: 17,584.5, +212.9, (+1.2%)
  • S&P 500: 2,025.9, +23.3, (+1.1%)
  • Nasdaq: 4,650.5, +57.7, (+1.2%)

And now, the top stories on Wednesday:

1. The biggest event on Wednesday was the release of the Minutes from the December FOMC Meeting, which showed that the Fed expects it won't raise rates until at least the April FOMC meeting. The Minutes also showed that FOMC members expect they will be able to begin raising rates if core inflation, which excludes the cost of food and gas, is near current levels. The declining price of oil is expected to pressure headline inflation over the near term, and the Fed added that it wouldn't want to move rates higher until it was "reasonably confident" that inflation would move back towards its 2% target over time. 

2. Ahead of Friday's big December jobs report, we got another employment data point Wednesday morning from private payroll firm ADP, which showed private companies added 241,000 workers in December, more than the 225,000 expected by economists. Some economists were skeptical that this report shows us where Friday's number will be, with Ian Shepherdson writing that ADP tends to be a lagging, rather than leading, employment indicator. Either way, Shepherdson expects a big payrolls number on Friday of +275,000.

3. The price of crude oil was of course in focus today, as West Texas Intermediate crude fell below $47 briefly overnight and then spent much of the day bouncing between $48 and $49 a barrel. Overnight, Brent crude oil, the international benchmark, briefly peaked below $50 for the first time since the spring of 2009. 

4. Amid the decline in the price of oil, US consumers have enjoyed cheaper gas, but in an interview with The Detroit News, President Obama warned that consumers keep in mind that these low prices won't last forever. "I would strongly advise American consumers to continue to think about how you save money at the pump," Obama said. Wells Fargo estimates that at current levels, gas prices could save the bottom 20% of income earners $250 a year. 

5. Wednesday snapped the S&P 500's losing streak to start the year, but after starting 2015 with three straight losses, some in the market may have gotten worried about what kind of year the benchmark index could be looking at. Jonathan Krinsky at MKM Partners put perhaps some of that anxiety to rest, noting that in the 8 years since 1928 that the S&P 500 has started the year with three straight losing days, the index has finished the year lower just once. 

6. A big individual winner on Wednesday was Dick's Sporting Goods, which saw shares gain more than 11% after a report from Reuters, citing people familiar with the matter, said the company was holding "early-stage conversations" with firms about potentially going private. Dick's shares have underperformed peers, with the company coming under particular pressure in golf sales. 

Don't Miss: The US Economy Is On The Verge Of Achieving Something That's Been Unthinkable For Years »

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Payback Is Swift for House GOP Rebels (Newser Happy Hour 6-pack)

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


Payback Is Swift for House GOP Rebels

Payback Is Swift for House GOP Rebels

(Newser) - John Boehner struck a magnanimous tone after fighting off the biggest anti-speaker rebellion in 150 years yesterday—"May the fruits of our labors be ladders our children can use to climb to the stars," he told the House—but payback has been swift for some of the 25... More  »

 
Skydivers Cheat Death With Early Jump

Skydivers Cheat Death With Early Jump

(Newser) - They went out to skydive for fun and ended up leaping for their lives. The pilot and all 12 skydivers on a light plane escaped without serious injury after the aircraft suffered engine failure and crashed into a lake in New Zealand today, the BBC reports. Officials say the plane... More  »

 
Time Capsule Placed by Paul Revere Opened

Time Capsule Placed by Paul Revere Opened

(Newser) - The contents of a time capsule laid to rest amid great fanfare in 1795 were very carefully inspected in Boston last night. Museum of Fine Arts conservator Pam Hatchfield used tools such as a porcupine quill to pluck items from America's oldest time capsule, which was placed in the... More  »

 
Gunmen Kill 12 at Paris Satirical Magazine

Gunmen Kill 12 at Paris Satirical Magazine

(Newser) - Twelve people have been killed in an attack on the headquarters of French satirical magazine Charlie Hebdo in central Paris, per a police rep; the toll includes 10 journalists and two police officers. A witness to today's attack tells the iTele network that he saw two men armed with... More  »

 
Man Told $500K Lottery Win Was a Misprint

Man Told $500K Lottery Win Was a Misprint

(Newser) - John Wines retired recently, so he was thrilled when a scratch-off lottery ticket showed he had won $500,000—and more than a little disappointed when the New Mexico Lottery told him it was a misprint and refused to pay up. Scratching off a 1 on the $20 ticket means... More  »

 
Stockbroker Loses Job Over Hit-and-Run 'Joke'

Stockbroker Loses Job Over Hit-and-Run 'Joke'

(Newser) - Humor is all about knowing your audience, and 21-year-old Brit Rayhan Qadar apparently didn't really know his. The stockbroker made an ill-advised "joke" on Twitter Monday morning and lost his job over it. The offending tweet (his account is now private, CNET notes): "Think I just hit... More  »

 

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Google's Android Has Become A Commercial Success, Driving Billions In E-Commerce And Ad Dollars

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Business Insider Select
 
January 07, 2015
Google's Android Has Become A Commercial Success, Driving Billions In E-Commerce And Ad Dollars Google's Android Has Become A Commercial Success, Driving Billions In E-Commerce And Ad Dollars

Android is audience king, and it's rising as a commercial platform. 
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American Apparel Employees Are Rallying Around Ousted CEO Dov Charney
American Apparel Employees Are Rallying Around Ousted CEO Dov Charney
Hundreds of American Apparel workers are rallying in support of ousted...  Read»
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How Stores Manipulate Prices So You'll Spend More
How Stores Manipulate Prices So You'll Spend More
Ever look at the number on a price tag and wonder where that number came...  Read»
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Here Are The 10 States Where People Pay The Most Interest
Here Are The 10 States Where People Pay The Most Interest
Over the course of a lifetime, the typical American will end up paying...  Read»
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25 Little Ways To Instantly Feel Happier
If there's one resolution out there that we should all make, it's to be...  Read»
Russia Is Using Western Courts To Go After Its Wealthy Fugitives
On a balmy morning in August, Janna Bullock steered a light-blue...  Read»
We'll Be Getting Netflix's 'Daredevil' Show Sooner Than Expected
Netflix's first Marvel series "Daredevil" will be streaming sooner than...  Read»
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REPORT: French Police Have Identified The Three People Involved In Magazine Shooting
REPORT: French Police Have Identified The Three People Involved In Magazine Shooting
French police have reportedly identified the people involved in the...  Read»
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Bill Gates Is Revolutionizing How History Is Taught, And We Went To A Poor NYC High School To See It In Action
Bill Gates Is Revolutionizing How History Is Taught, And We Went To A Poor NYC High School To See It In Action
Bryan, a teenager from Brooklyn, says his history class has changed his...  Read»
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Tough Mudder Is Testing Tear Gas In Its New Courses
Tough Mudder Is Testing Tear Gas In Its New Courses
DOWNTOWN BROOKLYN — It's enough to make you cry. Tough Mudder is...  Read»
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Qantas Has Been Named The Safest Airline In The World
Qantas Has Been Named The Safest Airline In The World
After 2014 proved to be a horror year in aviation, Australia's flying...  Read»
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See Also
The Slain Editor Of Charlie Hebdo's Last Cartoon Is Tragically Prescient
The Slain Editor Of Charlie Hebdo's Last Cartoon Is Tragically Prescient
The last cartoon by St├ęphane Charbonnier, the editor of the French...
  Read»  
Mexican Cartels Are Flooding California With High-Quality Meth
Mexican Cartels Are Flooding California With High-Quality Meth
Mexican cartels have stepped up mass production and trafficking of...
  Read»  
Tony Stark Will Have A See-Through Samsung Phone In 'The Avengers' Sequel
Tony Stark Will Have A See-Through Samsung Phone In 'The Avengers' Sequel
Earth's mightiest heroes will rely on a bunch of Samsung gear in "The...
  Read»  
Here's How Google Is Going To Stop The Internet From Breaking When An Extra Second Is Added On June 30
Here's How Google Is Going To Stop The Internet From Breaking When An Extra Second Is Added On June 30
Tick tock. 
  Read»  


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