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Thursday, February 5, 2015

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February 05, 2015
Republicans mock Hillary Clinton for avoiding the press Republicans mock Hillary Clinton for avoiding the press
by Hunter Walker on Feb 5, 2015, 5:36 PM
The Republican National Committee responded to...


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'CAN'T JUST STAND BY': Calls grow to arm Ukraine amid push for peace deal

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'CAN'T JUST STAND BY': Calls grow to arm Ukraine amid push for peace deal
'CAN'T JUST STAND BY': Calls grow to arm Ukraine amid push for peace deal

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STOCKS RALLY AHEAD OF THE JOBS REPORT: Here's what you need to know

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February 05, 2015

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Stocks rallied on Thursday ahead of Friday's big January jobs report, which is expected to show the economy added more than 200,000 jobs for the 12th straight month.

First, the scoreboard:

  • Dow: 17,884.9, +211.9, (+1.2%)
  • S&P 500: 2,062.5, +21, (+1%)
  • Nasdaq: 4,765.1, +48.4, (+1%)

And now, the top stories on Thursday:

1. Greece is now at the center of world markets. Late Wednesday, the European Central Bank announced that it would no longer accept Greek sovereign bonds as collateral, reversing an earlier waiver. On Thursday, Greek finance minister Yanis Varoufakis and his German counterpart Wolfgang Schaeuble spoke at a news conference, with Varoufakis making a number of strongly worded statements, including: "Germany should understand the most what it's like to be stuck in a gruesome deflation and debt crisis … When I go home today, I will go home to a country where the 3rd biggest party is not a neo-Nazi but a nazi party."

2. Newly elected Greek prime minster Alexis Tsipras also addressed the financial screw-tightening from the ECB in a speech on Thursday, saying that, "Greece is no longer the miserable partner who listens to lectures to do its homework. Greece has its own voice." The bottom line though, as Business Insider's Mike Bird outlined, is that in a worst-case scenario, Greece's government has about a month's worth of cash left. 

3. After falling as much as 9% on Wednesday, crude oil prices bounced back on Thursday, rising as much as 7% as West Texas Intermediate crude prices moved back above $50 as crude now looks poised for its second straight week of gains. 

4. On Friday morning, we get the premier economic data point of the month: the Jobs Report. Expectations are for the unemployment rate to remain unchanged at 5.6% with nonfarm payrolls growing by 230,000. In a note to clients ahead of the report, Goldman Sachs economist David Mericle said he expects payrolls to grow by 210,000 — less than expected — noting that in January, labor market indicators were a bit weaker on balance. If payroll gains exceed 200,000 in January, it would mark the 12th straight month that the US economy hit or exceeded this level. 

5. In central bank news, the Danish central bank — the Danmarks Nationalbank — cut its main deposit rate for the fourth time in three weeks on Thursday, this time taking its deposit rate to -0.75% from -0.50%. The latest cut in interest rates comes as the bank continues to defend its peg for the Danish krone against the euro in the face of a euro that has been steadily declining in value. 

6. The latest weekly report on initial jobless claims showed claims rose to 278,000 for the week ended January 31, up from 265,000 the prior week, but marking the first time since April 2000 that claims came in below 280,000 in back-to-back weeks. 

7. The US trade deficit unexpectedly ballooned in December, widening to a deficit of $46.6 billion from $39.8 billion in November. Economists had expected the trade balance to narrow to a $38 billion deficit. This marked the largest balance deficit since November 2012.

8. Thursday saw a huge merger in the pharmaceutical industry, with Pfizer announcing a deal to acquire drugmaker Hospira in a $15 billion deal. The total enterprise value of the deal, including Hospira's long-term debt, is worth $17 billion. 

Don't Miss: 21,322 jobs were cut in January due to crashing oil prices »

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Teen Missing in Alps Found Waist-Deep in Snow (Newser Happy Hour 6-pack)

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


Teen Missing in Alps Found Waist-Deep in Snow

Teen Missing in Alps Found Waist-Deep in Snow

(Newser) - Eleven skiers have died in the Swiss Alps over the last few days, and police say it's a miracle that 19-year-old American Mark Doose wasn't No. 12. Doose disappeared while skiing near the Diablerets resort on Sunday and survived more than 48 hours until rescuers found him on... More  »

 
Dad Goes With Gut, Saves Family in Taipei Crash

Dad Goes With Gut, Saves Family in Taipei Crash

(Newser) - Lin Ming-wei says he owes his life, and that of his family, to a last-minute decision to switch seats aboard the TransAsia plane that crashed yesterday in Taipei, killing at least 31 people. Just before takeoff, Lin says he heard an odd noise that unsettled him, and he asked for... More  »

 
911 Operator to Teen Whose Dad Died: 'Stop Whining'

911 Operator to Teen Whose Dad Died: 'Stop Whining'

(Newser) - When a teenage girl called 911 after her father and his fiancee were struck in a hit-and-run while changing a flat tire, she was so distraught that the 911 operator had a hard time ascertaining her location. Even so, he is catching flak for telling her to "stop yelling"... More  »

 
Family Saying Goodbye to Bobbi Kristina: Sources

Family Saying Goodbye to Bobbi Kristina: Sources

(Newser) - Despite somewhat encouraging news earlier this week, it looks like the end is near for Whitney Houston's daughter Bobbi Kristina Brown. A family member tells People that the family has been told by doctors that nothing more can be done for the 21-year-old, who was found unresponsive in a... More  »

 
Flier: TSA Locked Me Up for Asking to File Complaint

Flier: TSA Locked Me Up for Asking to File Complaint

(Newser) - A Philadelphia man suing the TSA says he went through a terrifying 23-hour ordeal—just because he asked to file a complaint. Roger Vanderklok, a 58-year-old architect, says he was on his way to run a half-marathon in Miami in January 2013 when TSA agents at Philadelphia International Airport interrogated... More  »

 
Doctor: Mom's Prayer Restarted Dead Boy's Heart

Doctor: Mom's Prayer Restarted Dead Boy's Heart

(Newser) - When rescuers arrived to Missouri's Lake Sainte Louise on Jan. 19 after reports that three 14-year-old boys had fallen through the ice, John Smith had already been underwater for 15 minutes. The St. Louis Post-Dispatch reports he was taken to a hospital with no pulse, and while his companions... More  »

 

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Jordan has released video of its airstrikes against ISIS

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Business Insider Select
 
February 05, 2015
Jordan has released video of its airstrikes against ISIS Jordan has released video of its airstrikes against ISIS

Jordan's Armed Forces have uploaded a video to YouTube showcasing the...
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Elizabeth Warren wants to know what the Fed is doing about a possible information leak
Elizabeth Warren wants to know what the Fed is doing about a possible information leak
Senator Elizabeth Warren is up to something new. On Thursday, she and...  Read»
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Americans are even more stressed out about money than they are about work
Americans are even more stressed out about money than they are about work
According to a recent survey conducted by the American...  Read»
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The US Navy just unveiled a robot that can walk through fire
The US Navy just unveiled a robot that can walk through fire
VIDEO: Navy scientists unveiled details of a prototype firefighting robot that researchers say could one day help diagnose and prevent safety hazards at sea.  Read»
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Congressional staffer resigns after posting racist Facebook comments
Rep. Aaron Schock (R-IL) has fired his communications director, Benjamin...  Read»
Watch 2 armed gangs fight on a busy road in China
VIDEO: Gang brawl breaks out on a busy road in China.  Read»
Twitter CEO says the platform 'sucks' at dealing with abusive users
Twitter CEO Dick Costolo says he's taking a long, hard look at the...  Read»
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NFL Draft expert says Jameis Winston is the 2nd-best quarterback prospect of the past 10 years
NFL Draft expert says Jameis Winston is the 2nd-best quarterback prospect of the past 10 years
We are three months away from the 2015 NFL Draft and many are still...  Read»
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7 sentences you should never say to your boss
7 sentences you should never say to your boss
LinkedIn Influencer Bernard Marr published this post...  Read»
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Assad is duping the West into thinking he's part of the solution against ISIS
Assad is duping the West into thinking he's part of the solution against ISIS
You knew it was coming the moment a Jordanian pilot was burned alive by...  Read»
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These 16 images make Antarctica look otherworldly
These 16 images make Antarctica look otherworldly
It took a decade of planning (not to mention saving) to reach Antarctica...  Read»
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