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Friday, January 9, 2015

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January 09, 2015
The New York Times' Executive Editor Just Called Someone An A------ On Facebook The New York Times' Executive Editor Just Called Someone An A------ On Facebook
by Shane Ferro on Jan 9, 2015, 4:44 PM
In response to a Facebook post by USC Annenberg...


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PARIS HOSTAGE SIEGE ENDS: Police kill Charlie Hebdo suspects, fellow terrorist; Al Qaeda rep in Yemen says group directed magazine attack

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PARIS HOSTAGE SIEGE ENDS: Police kill Charlie Hebdo suspects, fellow terrorist; Al Qaeda rep in Yemen says group directed magazine attack
PARIS HOSTAGE SIEGE ENDS: Police kill Charlie Hebdo suspects, fellow terrorist; Al Qaeda rep in Yemen says group directed magazine attack

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STOCKS FALL AFTER GOOD JOBS REPORT: Here's What You Need To Know

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January 09, 2015

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Stocks lost ground on Friday to finish 2015's first full week of trading with slight losses. The jobs report on Friday morning beat expectations, but after big rallies on Wednesday and Thursday, stocks couldn't hold their gains into the weekend.

First, the scoreboard:

  • Dow: 17,737.4, -170.5, (-0.9%)
  • S&P 500: 2,044.8, -17.3, (-0.8%)
  • Nasdaq: 4,704.1, -32.1, (-0.7%)

And now, the top stories on Friday:

1. 2014 was the best year for job gains since 1999. The December jobs report showed that US payrolls grew by 252,000 as the unemployment rate fell to 5.6%, the lowest since June 2008. In 2014, the US economy added nearly 3 million jobs and finished the year on an 11-month streak of job gains over 200,000, the longest such streak since 1993-1995. 

2. One piece of the jobs report did disappoint some folks, as wages fell 0.2% from November to December, missing expectations for gains of 0.2%. Wall Street currently expects that the Federal Reserve will begin raising interest rates some time in 2015, but the Fed has said that it is looking for wages to increase before making a move. 

3. Ultimately, the jobs report had a little bit of something for everyone. Those who believe the Fed should look to raise rates sooner rather than later will point to the overall payroll gains and the declining unemployment rate as evidence that the labor market is reaching full capacity. But again, those worried about wage growth will argue that Friday's report was a disappointment. But as Peter Tchir at Brean Capital noted, this report probably lets the market get back to focusing on what it has been for the last several months: oil. 

4. In addition to the US jobs report, we also got a reading on the labor situation in Canada, which saw its economy lose 4,300 jobs, the second straight month that Canada's economy lost jobs. The unemployment rate in Canada remained at 6.6%. 

5. The number of oil rigs in operation in the US fell again last week, falling by 61 to 1,750, bringing the number of rigs in use to fewer than were in operation this week last year. The number of oil rigs in use has tumbled as the price of oil has crashed over the last several months, and the rig count, which is provided weekly by Baker Hughes, has become a more closely watched indicator over the last month or so. According to data from the BLS, however, the number of jobs in the petroleum and coal products industries rose by 2,000 in December. 

6. Fundstrat's Tom Lee, one of the most bullish strategists on Wall Street for 2015, wrote in a note to clients on Friday that the decline we saw to start the year is actually great news. Lee, who believes we are still in the midst of a bull market, noted that in all but one year that stocks were down after four trading days inside of a bull market, the S&P 500 finished the year higher. And given Lee's thesis that we are still in a bull market, he argues that investors should continue to buy all dips. 

Don't Miss: These 8 Stocks Should Thrive When Oil Is Falling And The Dollar Is Rising »

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Cleveland Cops Tackled, Cuffed Dying Boy's Sister (Newser Happy Hour 6-pack)

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


Cleveland Cops Tackled, Cuffed Dying Boy's Sister

Cleveland Cops Tackled, Cuffed Dying Boy's Sister

(Newser) - A lawyer for Tamir Rice 's family calls it the cruelest thing he's ever seen. In newly released surveillance video, two Cleveland police officers can be seen pushing the boy's 14-year-old sister to the ground as she tried to run to her brother's side just 90... More  »

 
Crooked Cop Drove Ferrari to Work

Crooked Cop Drove Ferrari to Work

(Newser) - Police officer Osman Iqbal of Birmingham, England, had lucrative sidelines in drugs, prostitution, and money laundering—and he might have gotten away with it for longer if he hadn't started driving a $250,000 Ferrari to his day job. After the officer, who made roughly $60,000 a year,... More  »

 
Ancient Shipwreck Yields 'Atlantis' Metal

Ancient Shipwreck Yields 'Atlantis' Metal

(Newser) - It was considered one of the most precious metals in ancient times—and Plato claimed it lined the temple of Poseidon on the legendary island of Atlantis—but this appears to be the first time anybody in modern times has actually found some orichalcum. Researchers in Sicily say a shipwreck... More  »

 
Why Autism Rates Have Soared

Why Autism Rates Have Soared

(Newser) - The rate at which autism is diagnosed around the world has increased dramatically in just a generation, and researchers studying a comprehensive tracking system in Denmark say they can explain the majority of the uptick: new and improved diagnosis. In the medical journal JAMA Pediatrics, they argue that the huge... More  »

 
Paris Suspects Cornered: 2 Hostage Situations

Paris Suspects Cornered: 2 Hostage Situations

(Newser) - French security forces have swarmed a small industrial town northeast of Paris in an operation to capture—or, the country's interior minister says, "neutralize"—a pair of armed suspects in the storming of satirical newspaper Charlie Hebdo . The suspects are believed to be holed up in a... More  »

 
Charlie Hebdo Suspects Killed in Police Raid

Charlie Hebdo Suspects Killed in Police Raid

(Newser) - The brothers sought in this week's deadly Paris massacre have been killed in a police raid, reports the BBC . Security forces launched an assault on the building where Said and Cherif Kouachi were holed up outside Paris and killed the pair while freeing the hostage they were holding. One... More  »

 

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Seth Rogen Reveals His 5 Favorites Places To Eat In New York City

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Business Insider Select
 
January 09, 2015
Seth Rogen Reveals His 5 Favorites Places To Eat In New York City Seth Rogen Reveals His 5 Favorites Places To Eat In New York City

So, I like to eat. I spent the whole summer in New York in the East...
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American Airlines Wants To Kick Delta Out Of Tokyo
American Airlines Wants To Kick Delta Out Of Tokyo
American Airlines filed an application this week with the US Department...  Read»
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Here's The Truth About Using Zinc To Shorten A Cold
Here's The Truth About Using Zinc To Shorten A Cold
Last week, I woke up with a funny feeling in my nose and a little tickle...  Read»
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Charlize Theron Reportedly Negotiated A $10 Million Paycheck After Sony Hack Revealed Unequal Pay
Charlize Theron Reportedly Negotiated A $10 Million Paycheck After Sony Hack Revealed Unequal Pay
Last month, leaked Sony emails revealed unequal pay between men and...  Read»
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The EU Is Realizing That Russia Is Winning The Propaganda War
The countries of Britain, Denmark, Estonia, and Lithuania have called on...  Read»
The Golden Gate Bridge Is Closed This Weekend — Here's How To Get Around The Bay
The Golden Gate Bridge will be closed this weekend while crews install a...  Read»
NFL PLAYOFFS: Here Are Our Official Predictions For Who Wins This Weekend
I am in Las Vegas for CES, the giant electronics trade show. As...  Read»
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France's Right-Wing National Front Is Positioning Itself To Take Advantage Of This Week's Attacks
France's Right-Wing National Front Is Positioning Itself To Take Advantage Of This Week's Attacks
France's rising right-wing National Front party thinks it might stand to...  Read»
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18 Little Grocery Shopping Mistakes That Will Cost You Money
18 Little Grocery Shopping Mistakes That Will Cost You Money
Think you've got your grocery game on lock? Check yourself before you...  Read»
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Here Are The Odds On Sunday's Golden Globe Movie Nominations
Here Are The Odds On Sunday's Golden Globe Movie Nominations
The 72nd Golden Globes will air this Sunday. Top contenders include...  Read»
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Here's How Many Intelligent Alien Civilizations Might Live In Our Galaxy
Here's How Many Intelligent Alien Civilizations Might Live In Our Galaxy
BI Answers: How many planets in the universe have intelligent alien life...  Read»
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