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Thursday, January 8, 2015

Daily Alert: Media

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January 08, 2015
Here's How Newspaper Front Pages Across The World Are Covering The Paris Shooting Here's How Newspaper Front Pages Across The World Are Covering The Paris Shooting
by Stefano Pozzebon on Jan 8, 2015, 6:12 AM
Newspapers from Auckland to San Francisco mourned the victims of the Charlie Hebdo attacks.


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STOCKS RALLY, DOW SURGES 320: Here's What You Need To Know

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January 08, 2015

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Stocks staged another huge rally on Thursday as the S&P 500 moved into the green for the year ahead of Friday's big December jobs report.

First, the scoreboard:

  • Dow: 17,907.9, +323, (+1.8%)
  • S&P 500: 2,062.1, +36.2, (+1.8%)
  • Nasdaq: 4,736.2, +85.7, (+1.8%)

And now, the top stories on Thursday:

1. Stocks rallied again. The Dow gained nearly 300 points on Thursday, while the S&P 500 and the Nasdaq gained more than 1.6%, erasing the early losses the indexes suffered to start this year and moving into the green for 2015. As the NYSE's Rich Barry said in his afternoon email on Thursday: "Make no mistake; this is a very powerful rally we're seeing today." Oil prices bounced around but traded around $48.50 a barrel while long-date Treasury yields backed up some, with the 10-year yield moving back above 2% and the 30-year rising to 2.59%. 

2. Ahead of Friday's jobs report, we got some labor data from the weekly report on initial jobless claims, which fell slightly from last week to 294,000 from 298,000. This was higher than the 290,000 expected by economists, though the four-week moving average of claims did tick lower, and Ian Shepherdson at Pantheon Macro said the trend is claims is consistent with "very big payroll gains."

3. The December jobs report is set for release on Friday morning, with Wall Street expecting payrolls grew by 240,000 while the unemployment rate ticked lower to 5.7%. Brian Jones at Societe Generale is the most bullish analyst, expecting payrolls grew by 305,000 in December, while David Mericle at Goldman Sachs takes a more measured approach, looking for a 230,000 print. 

4. The decline in oil prices has been the biggest story in markets, and as prices remain at multi-year lows, the impacts will begin to make their way into the broader economy. The most prominent area where this impact is expected to show up is inflation, and in a note on Thursday, BNP Paribas economist Laura Rosner said that headline inflation, which includes food and gas, will likely be negative in the first half of 2015. Excluding food and gas, however, inflation is expected to run at around 1.7%-1.8%. 

5. Deutsche Bank economist Torsten Slok circulated a new housing slide deck on Thursday, and a series of slides highlighted by Business Insider's Andy Kiersz shows that Canada's housing market and financial system could be facing some tough times ahead. 

6. In stock news, one of the big stories on Thursday was news that activist hedge fund Starboard Value sent a letter to Yahoo CEO Marissa Mayer warning that were Mayer to pursue a large acquisition, it "would be a clear indication to us that significant leadership change is required at Yahoo." Yahoo shares gained almost 3% on Thursday.

Don't Miss: Here's Where The Options Market Thinks The S&P 500 Could Go In 2015 »

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Missouri Baby Born With 2 Teeth (Newser Happy Hour 6-pack)

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


Missouri Baby Born With 2 Teeth

Missouri Baby Born With 2 Teeth

(Newser) - "Everyone was shocked" when Alyssa Bella Bailey was born on Dec. 28 at Mercy Hospital Springfield in Springfield, Mo., says mom Jaklina Bailey. That's because when she opened her mouth, newborn Alyssa showed off her two front teeth—the bottom ones. The doctor "said in her 25-year... More  »

 
Teresa Giudice's Sentence Has Already Been Shortened

Teresa Giudice's Sentence Has Already Been Shortened

(Newser) - Teresa Giudice has been in prison a whopping three and a half days , and she's already earned an early release. The Bureau of Prisons website now has her release date listed as Feb. 5, 2016, People reports. That's just 13 months, not the 15 she was sentenced to.... More  »

 
1 of 3 Paris Suspects Surrenders

1 of 3 Paris Suspects Surrenders

(Newser) - One of three suspects being hunted in the Charlie Hebdo terrorist attack in Paris has turned himself in to authorities more than 100 miles away near the border with Belgium, authorities in France say. A police spokeswoman says Hamyd Mourad, 18, went to a police station, "introduced himself, and... More  »

 
Powerful New Antibiotic Could Crush Superbugs

Powerful New Antibiotic Could Crush Superbugs

(Newser) - Are superbugs about to meet their match? There hasn't been a major new antibiotic discovered in 25 years, but researchers say a drug called teixobactin that has been extracted from dirt in Maine could be the biggest breakthrough in a generation, Fast Company reports. The experimental drug has so... More  »

 
Flight Attendants Feared 'Devilish' Image, Were Fired

Flight Attendants Feared 'Devilish' Image, Were Fired

(Newser) - The underside of a 747 jumbo jet's tail was coated in oil residue, and in it, someone had written the words "BYE BYE" and drawn two faces—one smiling, one with more of a "devilish" look. If you'd be reluctant to board that plane, well, you'... More  »

 
Dog Dumped at Train Station With His Things in Suitcase

Dog Dumped at Train Station With His Things in Suitcase

(Newser) - Abandoning an animal is wrong—even if you leave it with its belongings, say animal welfare authorities in Scotland, who are trying to trace an owner who left a young dog tied to a railing outside a train station next to a suitcase that contained a pillow, a toy, some... More  »

 

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Mobile Payments Are Poised To Explode This Year Thanks To Mainstream Adoption Of Apple Pay And Similar Apps

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January 08, 2015
Mobile Payments Are Poised To Explode This Year Thanks To Mainstream Adoption Of Apple Pay And Similar Apps Mobile Payments Are Poised To Explode This Year Thanks To Mainstream Adoption Of Apple Pay And Similar Apps

Mobile payments will take off faster than most estimates suggest.  Read »
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Realizing I Signed Up For Another 25 Years Of Debt Changed The Way I Spend My Money
Realizing I Signed Up For Another 25 Years Of Debt Changed The Way I Spend My Money
Last January I started using my commute to work as an opportunity to...  Read »
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THE CONNECTED-HOME REPORT: Forecasts And Growth Trends For The Leading 'Internet Of Things' Market
THE CONNECTED-HOME REPORT: Forecasts And Growth Trends For The Leading 'Internet Of Things' Market
The connected-home category will make up about 25% of shipments within the Internet of Things.   Read »
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The Incredible Story Of How Two College Kids Made A Ton Of Cash By Recruiting New Lyft Users
The Incredible Story Of How Two College Kids Made A Ton Of Cash By Recruiting New Lyft Users
If making $50,000 to spend on free Uber rides isn't your thing, maybe...  Read »
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The Pentagon Doesn't Know How It's Going To Fund Its Next Generation Of Submarines
The Pentagon Doesn't Know How It's Going To Fund Its Next Generation Of Submarines
Congress has created a special fund to help the Navy build its next...  Read »
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