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The Top 5 Reasons ESPN's Ratings Are in Freefall

RealClearPolitics - Thu, 03/23/2017 - 15:53
Jeff Reynolds, PJ Media
In March, several outlets gleefully reported that ESPN was near collapse as a network. Conveniently, several of these reports came from competitors to ESPN who hope to capitalize and gain market share. Nonetheless, it is true that ESPN will be cutting $100 million in salaries -- most from very recognizable on-air talent -- in a cost-cutting move to shore up their bottom line.

Make Americanism Great Again

RealClearPolitics - Thu, 03/23/2017 - 15:50
Robert Curry, American Greatness
I recently received an e-mailâ??you may have seen it, tooâ??from a person who has been a prominent spokesman for the GOP and now is a NeverTrumper. He notes that the GOP and American conservatism appear to have arrived at a turning point. Perhaps, he suggests, we should abandon the label conservative and reclaim for ourselves &

Can President Trump Handle the Truth?

RealClearPolitics - Thu, 03/23/2017 - 15:50
Michael Scherer, Time
A President who peddles falsehoods and dabbles in conspiracy confronts the challenge of governing in reality

The Democratic Party's Empty Rage

RealClearPolitics - Thu, 03/23/2017 - 15:50
Karl Rove, Wall Street Journal
For all the Republican discord, it's the other side that's incapable of actual governing.

The Health Care Bill Could Be Donald Trump's Iraq War

RealClearPolitics - Thu, 03/23/2017 - 15:49
Ezra Klein, Vox
Sold on lies, poorly planned, deadly to thousands, and a catastrophe for its authors.

Why Nunes' Spying Revelations Are Such a Big Deal

RealClearPolitics - Thu, 03/23/2017 - 15:49
Mollie Hemingway, The Federalist
In the last three months of the Obama presidency, significant personal information from and about the Trump transition was collected and widely disseminated at intelligence agencies, according to House Intelligence Committee Chairman Devin Nunes. Dozens of intelligence reports provided to Nunes by an unnamed whistleblower were floating around during the sensitive transition period following the election, he said. The information collection itself may have technically been legal, but the failure to properly mask the information “alarmed” the California congressman, who notified the...

Exclusive: Saudi exports to U.S. to fall by 300,000 barrels per day in March - official

Top Reuters News - Thu, 03/23/2017 - 15:43
DUBAI (Reuters) - Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday.

Sportsman's Warehouse shares down 8% after earnings miss

MarketWatch Market Pulse - Thu, 03/23/2017 - 15:40

Shares of Sportsman's Warehouse Holdings Inc. fell 8% late Thursday after the retailer reported fourth-quarter earnings below expectations and missed sales forecasts. The company said it earned $10.5 million in the quarter, or 25 cents a share, compared with $11.4 million, or 27 cents a share, in the fourth quarter of fiscal 2015. Sales rose 6% to $221.4 million, the company said. Same-store sales fell 5%. Analysts polled by FactSet had expected earnings of 26 cents a share on sales of $228 million. Separately, the company said it appointed Jon Barker as president and chief operating officer, effective March 31. Barker was most recently an executive for Walmart. He will report to CEO John Schaefer, the company said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Market's 'fear gauge' reaches 2017 high as Republican health-care bill falters

MarketWatch Market Pulse - Thu, 03/23/2017 - 15:31

A popular gauge of expected volatility in U.S. stock markets reached its highest level of the year on Thursday as Republicans delayed a House vote on a bill to repeal and replace Obamacare. The CBOE Volatility Index, commonly referred to as the VIX, , finished Thursday's session at 13.07, its highest close since Dec. 30. The increase was driven by a late-day selloff in U.S. stocks, which finished lower for a second day after recording their largest selloff of the year on Wednesday. The S&P 500 shed 2.49 points, or 0.1%, to 2,345.96, while the Dow Jones Industrial Average lost 4.72 points, or less than 0.1%, at 20,656.58. The Nasdaq Composite Index [c: comp] shed 3.95 points, or 0.1%, to 5,817.69. The index had been relatively subdued as expectations that President Donald Trump would swiftly implement a slate of purportedly pro-business policies sent benchmarks to a series of closing records.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

GameStop shares down 9% after company reports falling sales

MarketWatch Market Pulse - Thu, 03/23/2017 - 15:18

GameStop Corp. shares tanked 9% late Thursday after the specialty retailer reported falling quarterly sales and said its video-game category was "weak," particularly in the second half of the year. The company said it earned $208.7 million, or $2.04 a share, in the fourth quarter, compared with $247.8 million, or $2.36 a share, in the year-ago period. Adjusted for one-time items, GameStop earned $243.8 million, or $2.38 a share, compared with $2.40 a share a year ago. Total sales fell 14% to $3.05 billion in the quarter, and comparable-store sales fell 16%. Analysts polled by FactSet had expected adjusted earnings of $2.29 a share on sales of $3.06 billion. Shares ended the regular trading session down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Micron shares jump as demand for memory chips leads to earnings beat

MarketWatch Market Pulse - Thu, 03/23/2017 - 15:15

Micron Technology Inc. gained more than 7% in late trading Thursday after the chip maker reported better earnings than expected amid reported price hikes for its memory chips. The company reported fiscal second-quarter profit of $894 million, or 77 cents a share, on sales of $4.65 billion. After adjusting for stock-based compensation and other effects, the company claimed earnings of 90 cents a share. Analysts polled by FactSet expected on average for Micron to report adjusted earnings of 83 cents a share on sales of $4.64 billion. Tech giants have said that increased prices for memory chips squeezed their margins at the end of 2016, a trend that has benefited Micron. "Strong demand and limited industry supply for NAND and DRAM solutions, combined with significant progress on our cost reduction plan, produced excellent results for our second quarter," Micron Chief Executive Mark Furcan, who announced retirement plans last month, said in Thursday's announcement. Micron shares topped $28 in after-hours trading Thursday, after closing with a 1.6% increase at $26.47.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Senate confirms Trump nominee to be Israel envoy

Reuters US Politics - Thu, 03/23/2017 - 15:04
WASHINGTON (Reuters) - The U.S. Senate on Thursday narrowly confirmed President Donald Trump's nominee to be ambassador to Israel, David Friedman, an outspoken bankruptcy lawyer aligned with the Israeli right.

WideOpenWest, 6th largest cable provider, files to go public

MarketWatch Market Pulse - Thu, 03/23/2017 - 15:03

WideOpenWest Inc., a cable TV provider, filed to go public Thursday in an offering of up to $100 million. The cable provider, which says it is the sixth largest in the U.S., reported revenue of $1.24 billion in 2016, up from $1.22 billion in 2015. It swung to a profit of $26.3 million in 2016, from a loss of $48.7 million in 2015. WideOpenWest plans to list under the symbol "WOW" and has not yet designated an exchange. The company has not yet set a price range and the $100 million is likely a placeholder amount. UBS Investment Bank and Credit Suisse are the underwriters on the offering.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Stocks slide after health-care vote is delayed

MarketWatch Market Pulse - Thu, 03/23/2017 - 15:01

U.S. stocks closed lower on Thursday after House Republicans delayed a vote on the American Health Care Act, dealing a blow to President Donald Trump who had heavily lobbied for the bill. Analysts had said the passage of the bill would bolster confidence in Trump's ability to enact his pro-growth agenda. The S&P 500 fell 2 points, or 0.1%, to close at 2,346 while the Dow Jones Industrial Average shed 3 points to end at 20,657. The Nasdaq Composite dropped 3 points to close at 5,817.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Health-care stocks swing lower following the delay of a key vote on a new health bill

MarketWatch Market Pulse - Thu, 03/23/2017 - 14:55

The health-care sector late Thursday afternoon turned decidedly lower, dragging the broader market into negative territory, on the heels of reports that House Republicans shelved a key vote on repealing and replacing the Affordable Care Act. The Health Care Select Sector SPDR ETF was off 0.4%, led by sharp decline 4% drop in Centene Corp. and health-care provider Humana Inc. [HUM], off 1.6%. Shares of UnitedHealth Group Inc., were off 1.1% and cutting about 12 points from the Dow Jones Industrial Average . The S&P 500 index was off 0.1% at 2,345, while the Nasdaq Composite Index was down 0.1% at 5,815. The iShares Nasdaq Biotechnology ETF which trades on the Nasdaq exchange was off 0.5%, pressuring the index. The major U.S. equity benchmarks had been trading higher throughout much of the day as hopes rode higher that President Donald Trump would be able to secure the necessary names to pass a vote to overhaul President Barack Obama's signature health-care law. Market participants have been fretting that Trump's focus on revamping so-called Obamacare will delay the implementation of a raft of pro-growth policies, including tax cuts and an increases to infrastructure spending, which had underpinned a multimonth rally in equities since Trump's Nov. 8 election victory. Thursday's downturn represents relatively modest move lower, with some hoping that a vote may occur on Friday or in coming days as the president aims to collect the needed votes to get the bill taken up by the Senate.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Republican Nunes apologizes over handling of Trump surveillance claim

Top Reuters News - Thu, 03/23/2017 - 14:48
WASHINGTON (Reuters) - The Republican head of the U.S. House of Representatives Intelligence Committee apologized on Thursday for the way he handled sensitive allegations about U.S. spy agency surveillance of President Donald Trump's team.

Republican Nunes apologizes over handling of Trump surveillance claim

Reuters US Politics - Thu, 03/23/2017 - 14:48
WASHINGTON (Reuters) - The Republican head of the U.S. House of Representatives Intelligence Committee apologized on Thursday for the way he handled sensitive allegations about U.S. spy agency surveillance of President Donald Trump's team.

House shelves Thursday vote on health care, reports say

MarketWatch Market Pulse - Thu, 03/23/2017 - 14:34

House Republican leaders shelved a vote on the American Health Care Act planned for Thursday, reports said. Politico said a vote was still possible Friday. President Donald Trump has been lobbying hard for the bill but he and GOP leaders are meeting continued resistance from conservatives unhappy with the measure.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Oil prices fall for a third session in a row

MarketWatch Market Pulse - Thu, 03/23/2017 - 13:52

Oil prices settled lower on Thursday, down a third straight session. Record U.S. stockpiles of crude oil fed concerns over a global glut of supplies, despite expectations that U.S. demand for gasoline is set to grow in the run up to the summer driving season. May West Texas Intermediate crude lost 34 cents, or 0.7%, to settle at $47.70 a barrel, with the contract marking its lowest finish since late November.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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