World News: What You Need To Know

Feb 11, 2015   //   by Profitly   //   News, Profitly  //  Comments Off on World News: What You Need To Know

Seven Of The Most Important Things In The World Right Now

Shakeup In Media. Two of the biggest media stories of the year came within an hour of each other earlier this week. One of the most well known anchors in recent memory, Brian Williams was suspended from his role as host of Nightly News on NBC for 6 months without pay after it was found that he lied to his viewers about riding in a military helicopter hit by a rocket-propelled grenade during the Iraq war. many are speculating on whether he will actually be coming back after those 6 months come to an end as well. Secondly John Stewart, host of The Daily Show, announced that he will leave the show later this year. it’s unclear what Stewart will do after this role comes to an end. it’s safe to say that he is leaving on a high note.

There was a tense meeting in Europe yesterday–and no deals came out of it. Greece and its eurozone partners are still at odds on how to handle Athens’ finances after a bailout deal expires this month, with sources offering conflicting versions of the eventual outcome of a Eurogroup finance ministers’ meeting on Wednesday. Greece’s finance minister said point blank that the country will “absolutely not” leave the euro.

Leaders reached an agreement on Ukraine. According to Reuters, “The leaders of Germany, France, Russia, and Ukraine have agreed on a deal to end fighting in eastern Ukraine, participants at the summit talks said Thursday.” “The deal reached after all-night negotiations in the Belarussian capital Minsk included a cease-fire that would come into effect on Sunday, followed by the withdrawal of heavy weapons.”

Deflation fears are rampant around the globe. The UK’s new quarterly report on economic conditions from the Bank of England can be summed up in two words: dovish and deflation. They’re saying UK inflation is more likely than not to turn negative in a few months time, and that no interest hike is on the horizon.

Up up and away. Greece’s ASE index is up a whopping 4.6%. France’s CAC 40 is up 0.9%, Germany’s DAX is up 1.5%, And Spain’s IBEX is up 1.8%. Japan’s Nikkei climbed 1.85% and Hong Kong’s Hang Seng jumped 0.4%.

Elon Musk isn’t happy. Tesla announced a stunning net loss after the close yesterday. The electric carmaker reported an adjusted net loss of $0.13 per share in Q4. Analysts were looking for a PROFIT of $0.32 per share.

Big report today: U.S. retail sales at 8:30 a.m. ET. Economists estimated sales would fall 0.5% in January due largely to falling energy prices. Excluding autos and gas, core sales were estimated to have increased by 0.4%. However, we just got the numbers and they disappointed in kind of a big way. Retail sales were down 0.8% and core sales were down 0.9%. Expect GDP guidance to be lowered by several market analysts after this. According to Zero Hedge, that was the worst back-to-back drop since Oct 2009.

And just for a kicker, the highly anticipated House of Cards Season 3 was leaked onto Netflix for at least 25 minutes last night. Twitter is full of speculation on whether this was a brilliant marketing ploy or a complete accident.