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Wednesday, February 4, 2015

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Daily Alert: Media

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February 04, 2015
Brian Williams apologizes for his 'bungled' story about being shot down in Iraq Brian Williams apologizes for his 'bungled' story about being shot down in Iraq
by Hunter Walker on Feb 4, 2015, 6:59 PM
"NBC Nightly News" anchor Brian Williams...


Here's Brian Williams telling his 'bungled' Iraq story to David Letterman in 2013 Here's Brian Williams telling his 'bungled' Iraq story to David Letterman in 2013
by Myles Udland on Feb 4, 2015, 7:34 PM
On Wednesday night, "NBC Nightly News" anchor...


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OIL CRASHES: Here's what you need to know

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February 04, 2015

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After a furious four-day rally, the price of oil crashed on Wednesday, falling as much as 9% as the wild ride for oil prices continues. Stocks, meanwhile, finished mixed after starting the week with two big rallies. 

First, the scoreboard:

  • Dow: 17,673, +6.6, (+0.04%)
  • S&P 500: 2,041.5, -8.5, (-0.4%)
  • Nasdaq: 4,716.7, -11, (-0.2%)

And now, the top stories on Wednesday:

1. Oil crashed. On Wednesday, the price of West Texas Intermediate crude oil crashed back below $49 a barrel, falling as much as 9% against where it closed on Tuesday as the commodity quickly gave up a large chunk of the gains 20% it had seen over the last couple days. With swings like this, there is almost no way to point to a single catalyst for the move. In a note to clients earlier this week, analysts at Morgan Stanley said that any rallies in oil would not last in the first half of this year. 

2. On the economic data front, we got a labor market reading from payroll firm ADP, which said that in January private employers added 213,000 positions. This was less than the 223,000 expected by economists. In ADP's release, Mark Zandi, chief economist at Moody's Analytics had some bad news for jobs in the oil and gas space, saying, "Businesses in the energy and supplying industries are already scaling back payrolls in reaction to the collapse in oil prices."

3. In merger news, Staples and Office Depot announced that they will combine to form a company that in 2014 would have had a combined $17 billion in annual sales. But of course the one word that employees at both companies are not going to be happy to see is "synergies." In their release, the companies said, "We expect to recognize at least $1 billion of synergies as we aggressively reduce global expenses and optimize our retail footprint." Another way to read "synergies"? Job cuts. 

4. Disney shares were the big gainers in the Dow, adding more than 7% after the entertainment company last night reported earnings that topped expectations. Walt Disney shares rose to an all-time high on Wednesday as the company continues to benefit from the sale of products related to its blockbuster hit "Frozen."

5. Chipotle shares fell 7% after the company last night reported profit that beat estimates but said that in the upcoming year its same-store sales would rise by low- to mid-single digits. In the fourth quarter of this year, Chipotle's same-store sales were up 16%. 

6. The big theme in earnings season this quarter is the impact the US dollar is having on revenue for multinational companies based in the US. home appliance maker Whirlpool on Wednesday became the latest company to warn that the dollar would hurt its bottom line, with CEO Jeff Fettig telling Reuters that with the dollar at current levels, revenue in 2015 could take a hit of up to $1 billion, worth about 5% of the company's 2014 sales. 

Don't Miss: Another ECB shocker »

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'Therapy Kangaroo' Kicked Out of Wisc. McDonald's (Newser Happy Hour 6-pack)

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


'Therapy Kangaroo' Kicked Out of Wisc. McDonald's

'Therapy Kangaroo' Kicked Out of Wisc. McDonald's

(Newser) - While she may not have been hopping mad, a Wisconsin woman certainly wasn't happy about being told to leave a McDonald's in Beaver Dam with the animal she says is her support kangaroo. According to TMJ4 , police told Diane Moyer to leave the restaurant after a customer complained... More  »

 
Jordan Hangs Woman ISIS Wanted to Free

Jordan Hangs Woman ISIS Wanted to Free

(Newser) - Jordan has made good on its vow to execute the Iraqi woman ISIS had sought in a prisoner swap as retaliation for the execution of pilot Muath al-Kaseasbeh . Officials say failed suicide bomber Sajida al-Rishawi was hanged at dawn along with Ziyad Karboli, a top Iraqi al-Qaeda operative, Reuters reports.... More  »

 
Plane Careens Into Shallow Taiwan River

Plane Careens Into Shallow Taiwan River

(Newser) - A Taiwanese flight carrying 58 people banked sharply onto its side, clipped a highway bridge, and careened into a shallow river today shortly after taking off from Taipei, killing at least 23 people and leaving 20 missing, officials said. Fifteen people were rescued with injuries. More than half of the... More  »

 
6 Dead in NY Train-SUV Crash

6 Dead in NY Train-SUV Crash

(Newser) - A crowded commuter train slammed into a sport utility vehicle on the tracks at a suburban New York crossing and burst into flames last night, killing six people and seriously injuring nearly a dozen in the railroad's deadliest crash, authorities say. The collision involving a Metro-North Railroad train and... More  »

 
UPS Adding Surcharges to Home Deliveries

UPS Adding Surcharges to Home Deliveries

(Newser) - It wasn't a very happy holiday season for UPS—for the second year in a row. In 2013, the company landed in hot water over an unexpected surge in gifts needing delivery, resulting in some 1.3 million packages that weren't delivered by Christmas Eve. This year, things... More  »

 
More Secrets of 1629 Mutiny, Murder Unearthed

More Secrets of 1629 Mutiny, Murder Unearthed

(Newser) - More details from "one of the darkest chapters of Australia's maritime history" are coming to light, nearly 400 years after they occurred. On June 4, 1629, the Dutch East India ship the Batavia was downed by a reef on its maiden voyage. Most of the roughly 340 people... More  »

 

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This motion control armband could turn you into a real-life Iron Man — uhh, almost

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Business Insider Select
 
February 04, 2015
This motion control armband could turn you into a real-life Iron Man — uhh, almost This motion control armband could turn you into a real-life Iron Man — uhh, almost

VIDEO: Controlling computers with hand gestures has been a longtime dream for many users. Is the new Myo the solution?
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This could be the most treacherous winter selfie ever taken
This could be the most treacherous winter selfie ever taken
Well, this doesn't seem safe at all. A group of daredevils...  Read»
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Keurig shares are getting smoked after a big sales miss
Keurig shares are getting smoked after a big sales miss
Keurig Green Mountain just reported first quarter earnings and the...  Read»
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Jailed al Qaeda operative makes explosive claims about Saudi royals funding pre-9/11 terror
Jailed al Qaeda operative makes explosive claims about Saudi royals funding pre-9/11 terror
A convicted al-Qaeda operative has claimed that members of the terrorist...  Read»
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Ross Ulbricht convicted of running massive illegal drug marketplace Silk Road
The man accused of running the world's largest online narcotics emporium...  Read»
Hundreds of manatees invaded and shut down a Florida wildlife refuge
A wildlife refuge in Florida experienced one of the most adorable...  Read»
Tech investor-backed Blue Bottle Coffee will open a branch in Tokyo this week
Blue Bottle Coffee, the high-end coffee chain that's a favorite among...  Read»
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Neil deGrasse Tyson: Here are the nerdiest things I've ever done
Neil deGrasse Tyson: Here are the nerdiest things I've ever done
VIDEO: Despite being the captain of his high school wrestling team, Neil deGrasse Tyson was still a prominent "geek card" carrier.   Read»
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Why it's useless to compare yourself to other people
Why it's useless to compare yourself to other people
A common, tired parlance in the world of personal development is to...  Read»
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I think CVS has one of the best rewards programs out there, and here's exactly why I love it
I think CVS has one of the best rewards programs out there, and here's exactly why I love it
I've been a loyal CVS shopper ever since my first day of college, when...  Read»
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These 27-year-olds made $1 million last year while visiting 17 different countries
These 27-year-olds made $1 million last year while visiting 17 different countries
In 2012, John Azzi reached out to his former college roommate with an...  Read»
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See Also
Rosetta's comet might be about to collapse into icy rubble
Rosetta's comet might be about to collapse into icy rubble
It only makes sense. Sunlight heats a comet and causes ice to vaporize....
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Prices for diapers and tampons are skyrocketing in Russia
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