• Skip to main content

Packers vs Vikings Game Online TV Coverage Info

Sean Payton to become Broncos’ next head coach after Saints, Denver reportedly finalize trade compensation

Sean Payton is set to become the next head coach for the Denver Broncos, according to CBS Sports NFL Insider Jonathan Jones. The New Orleans Saints and Broncos have finalized trade compensation for head coach Sean Payton, according to ESPNremoving the final hurdle for Payton to become Denver’s next head coach.

Adam Schefter adds that the trade calls for Denver’s first-round pick from San Francisco (No. 30 overall) and a 2024 second-round pick will be sent to New Orleans for their 2024 third-round pick.

More on Payton to Broncos

Payton, 59, last coached for the Saints in 2021 but remains under contract, which is why a trade needs to be negotiated. The Eastern Illinois grad’s NFL coaching career began in 1997 with the Eagles. His 15-year journey across the league included three-quarters of the NFC East, excluding Washington, before his run as Saints’ head coach in 2013.

While with New Orleans, he compiled a 152-89 record (.631 winning percentage) and a 9-8 record in the playoffs. The Saints were victorious in Super Bowl XLIV. He led the franchise through the Hurricane Katrina aftermath before getting caught up in the 2012 bounty scandal. Payton was suspended for the entire season, which gave him the honor of being the first head coach in the modern era to be suspended. The Associated Press bestowed Coach of the Year honors upon him in 2006 after his team went 10-6.

Under the direction of Payton and, largely, quarterback Drew Brees, the New Orleans offense ranked second in points per game (27.5), first in yards per game (391.4), first in third-down conversion (45.4%) and red zone conversion (61.1%) from 2006-2021.

Russell Wilson struggled in his first season with Denver since being acquired via trade with Seattle. He completed just 60% of his passes for 16 touchdowns, 11 interceptions and an 84.4 passer rating; all ranked 25th or worse across the league. Wilson went 4-11 as a starter resulting in the eventual firing of first-year head coach Nathaniel Hackett.

The No. 30 overall selection has now changed hands on three separate occasions. It was originally held by San Francisco before being sent to Miami as part of the trade package that allowed the 49ers to select quarterback Trey Lance. The Dolphins then sent it to the Broncos in exchange for edge rusher Bradley Chubb. Now, it is sent to New Orleans as part of the Payton trade.

New Orleans was without a first-round selection in the 2023 NFL Draft following the decision to acquire a second first-round selection from Philadelphia last year. The Eagles hold the No. 10 overall selection as a result. Denver is once again without a first-round pick in the 2023 NFL Draft after sending their own to the Seahawks as part of the Russell Wilson trade.

Omaha police investigate shooting at Target

Omaha police officers shot and killed a suspected active shooter at a Target on Tuesday. Around 12 p.m., officers responded to the Target near 178th Street and West Center Road and worked to clear the store, Omaha police said. Omaha police Chief Todd Schmaderer said the shooter was shot and killed by officers.”There’s evidence to suggest, with shell casings, that he entered the Target and was firing rounds,” Schmaderer said.Schmaderer said no civilians were hurt during the incident. Omaha police said preliminary investigation indicates the suspect, a white man, fired multiple rounds from an AR-15 style rifle.A review of police scanner traffic indicates the suspected shooter was dead six minutes after the first call for help.There is no indication at this time how many shots were fired, the identity of the gunman, and what relationship, if any, he had to the store.Omaha police said detectives and forensic technicians will be examining the scene into Tuesday night. “We will update the public when and how they can get their vehicles and/or personal items from the Target store at a later time when the scene is done being processed,” Omaha police said on Twitter.Target said the store is closed “until further notice.””Following an incident in our Omaha West store, we can confirm that all guests and team members safely evacuated the store. The store will remain closed until further notice. We are partnering with the Omaha (Police Department) as we learn more,” a Target spokesperson said in a statement.The incident is still under investigation.Stay with KETV.com and the KETV app for updates on this developing story Get the latest headlines from KETV NewsWatch 7

OMAHA, Neb. —

Omaha police officers shot and killed a suspected active shooter at a Target on Tuesday.

Around 12 p.m., officers responded to the Target near 178th Street and West Center Road and worked to clear the store, Omaha police said.

Omaha police Chief Todd Schmaderer said the shooter was shot and killed by officers.

“There’s evidence to suggest, with shell casings, that he entered the Target and was firing rounds,” Schmaderer said.

Schmaderer said no civilians were hurt during the incident.

Omaha police said preliminary investigation indicates the suspect, a white man, fired multiple rounds from an AR-15 style rifle.

A review of police scanner traffic indicates the suspected shooter was dead six minutes after the first call for help.

There is no indication at this time how many shots were fired, the identity of the gunman, and what relationship, if any, he had to the store.

Omaha police said detectives and forensic technicians will be examining the scene into Tuesday night.

“We will update the public when and how they can get their vehicles and/or personal items from the Target store at a later time when the scene is done being processed,” Omaha police said on Twitter.

Target said the store is closed “until further notice.”

“Following an incident in our Omaha West store, we can confirm that all guests and team members safely evacuated the store. The store will remain closed until further notice. We are partnering with the Omaha (Police Department) as we learn more,” a Target spokesperson said in a statement.

The incident is still under investigation.

Stay with KETV.com and the KETV app for updates on this developing story

Get the latest headlines from KETV NewsWatch 7

Feds use rare veto to block Alaska copper, gold mine plan

JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency took an unusually strong step Tuesday in blocking a proposed mine heralded by backers as the most significant undeveloped copper and gold resource in the world, with the agency citing as unacceptable impacts the project could have on a rich Alaska aquatic ecosystem that supports the world’s largest sockeye salmon fishery.

The move, cheered by Alaska Native tribes and environmentalists and condemned by some state officials and mining interests, deals a heavy blow to the proposed Pebble Mine. The intended site is in a remote area of southwest Alaska’s Bristol Bay region, about 200 miles (322 kilometers) southwest of Anchorage.

It’s accessible only by helicopter and snowmobile in winter, developer Pebble Limited Partnership said in a permit application with the U.S. Army Corps of Engineers. As proposed, it called for a mining rate of up to 73 million tons a year.

An appeal by the Pebble partnership of a separate rejection of a key federal permit is unresolved.

In a statement, Pebble Limited Partnership CEO John Shively called the EPA’s action “unlawful” and political and said litigation was likely. Shively has cast the project as key to the Biden administration’s push to reach green energy goals and make the U.S. less dependent on foreign nations for such minerals.

The Pebble Limited Partnership is owned Canada-based Northern Dynasty Minerals Ltd.

The Pebble deposit is near the headwaters of the Bristol Bay watershed, which supports a bounty of salmon “unrivaled anywhere in North America,” according to the EPA.

Tuesday’s announcement marks only the 14th time in the roughly 50-year history of the federal Clean Water Act that the EPA has flexed its powers to bar or restrict activities over their potential impact on waters, including fisheries. EPA Administrator Michael Regan said his agency’s use of its so-called veto authority in this case “underscores the true irreplaceable and invaluable natural wonder that is Bristol Bay.”

The veto is a victory for the environment, economy and tribes of Alaska’s Bristol Bay region, which have fought the proposal for more than a decade, said Joel Reynolds, western director and senior attorney with the Natural Resources Defense Council.

The mine would have jeopardized the region’s salmon fishery, which brings 15,000 jobs to the area and supplies about half the world’s sockeye salmon, Reynolds said. The 2022 harvest was more than 60 million fish, state officials reported last year.

“It’s a victory for science over politics. For biodiversity over extinction. For democracy over corporate power,” Reynolds said.

The EPA, citing an analysis by the U.S. Army Corps of Engineerssaid discharges of dredged or fill material to build and operate the proposed mine site would result in a loss of about 100 miles (160 kilometers) of stream habitat, as well as wetlands.

The Pebble partnership has maintained the project can coexist with salmon. The partnership’s website says the deposit is at the upper reaches of three “very small tributaries” and expresses confidence any impacts on the fishery “in the unlikely event of an incident” would be “minimal.”

Republican Alaska Gov. Mike Dunleavy said the EPA’s veto was a dangerous precedent that could affect future development in the state, while state Attorney General Treg Taylor said the agency’s action was “legally indefensible.”

“Alarmingly, it lays the foundation to stop any development project, mining or non-mining, in any area of Alaska with wetlands and fish-bearing streams,” Dunleavy said.

Its. Lisa Murkowskian Alaska Republican, said she opposed the mine but said the EPA’s veto shouldn’t be allowed to jeopardize future mining operations in the state.

“To be clear: I oppose Pebble. To be equally clear: I support responsible mining in Alaska, which is a national imperative. This determination must not serve as precedent to target any other project in our state and must be the only time EPA ever uses its veto authority under the Clean Water Act in Alaska,” Murkowski said in a statement.

Sen. Maria Cantwell, a Washington Democrat, called the EPA’s actions “the final nail in the coffin for the Pebble Mine” and the culmination of a hard fought battle.

“Now, we will have a thriving Bristol Bay salmon run for generations to come,” she said.

Tribes in the Bristol Bay region in 2010 petitioned the EPA to protect the area under the federal Clean Water Act. Alannah Hurley, executive director of United Tribes of Bristol Bay, said that to call the EPA announcement “welcome news is an understatement.”

Tim Bristol, executive director with the group SalmonState, lauded the EPA’s decision, saying it “may be the most popular thing the federal government has ever done for Alaska.”

The EPA’s decision is the latest in a years-long back-and-forth over the project that has spanned administrations.

Leila Kimbrell, executive director for the Resource Development Council for Alaska Inc., called the EPA’s decision “a dangerous abuse of power and federal overreach.” The National Mining Association, citing high demand for minerals and fragile global supply chains, said domestic mining has “never been more important.” It said EPA’s decision is “in stark contrast to national and global realities.”

___

Whittle reported from Portland, Maine.

Six of the Colorado River states agreed on water cuts. California did not

Comment

For the second time in six months, states that depend on the Colorado River to sustain their farms and cities appear to have failed to reach an agreement on restricting water usage, setting up the prospect that the federal government will make unilateral cuts later this year.

Six of the seven Colorado River basin states sketched out a joint proposal for how they could meet the federal government’s demand to make unprecedented cuts to water usage as more than two decades of drought in the West have pushed crucial reservoirs to dangerously low levels.

But the largest water user, California, did not join them — an impasse that suggests the wrangling over how to conserve the dwindling water supply that serves 40 million people will continue in coming months. The Interior Department had asked states to contribute by Tuesday plans for how to voluntarily reduce water usage by 2 to 4 million acre feet — or up to one-third of the river’s annual average flow.

“Obviously, it’s not going swimmingly,” said Jeffrey Kightlinger, the former general manager of the Metropolitan Water District of Southern California, a water provider that is a major player in the talks. “It’s pretty tough right now.”

The proposal by the six states — Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming — seeks to protect the major reservoirs in Lake Powell and Lake Mead from falling below critical levels, such as when the dams would no longer be able to generate electricity or at “dead pool,” when water would effectively be blocked from flowing out of these lakes. Before above-average snows in recent weeks, the Bureau of Reclamation was projecting that Lake Powell could start to reach such thresholds by this summer.

Officials fear ‘complete doomsday scenario’ for drought-stricken Colorado River

During the past two decades of drought, and particularly in recent years, the river’s flow has declined but states continue to consume more than the river provides, based on a framework established a century ago.

The proposal lays out potential new cuts for the states of the Southwest that lie downstream from the major reservoirs — Arizona, Nevada, and California — as well as the country of Mexico, which has treaty rights to a portion of the river’s water. The proposal would result in about 2 million acre feet of cuts — the low end of what the federal government has asked for — and would be largest for the biggest consumers of water: California and Arizona. As reservoir levels drop, the document suggests California, which has rights to 4.4 million acre feet of water, would need to cut more than 1 million acre feet.

California has offered to reduce just 400,000 acre feet. An acre foot is 326,000 gallons, or enough to cover an acre in water one foot deep. JB Hamby, chair of the Colorado River Board of California, told the Associated Press in a statement that the state “remains focused on practical solutions that can be implemented now to protect volumes of water in storage without driving conflict and litigation” and will submit its own plan.

The six other states made their case in a letter to the Bureau of Reclamation Monday.

In October 2022, Lake Powell was a quarter full due to a historic drought, which threatened power supplied to millions by the Glen Canyon Dam in Page, Ariz. (Video: John Farrell/The Washington Post)

“We recognize that over the past twenty-plus years there is simply far less water flowing into the Colorado River system than the amount that leaves it, and that we have effectively run out of storage to deplete,” the states wrote. The state representatives added that they would continue to work together and with the federal government and others “to reach consensus on how best to share the burden of protecting the system from which we all derive so many benefits.”

“This modeling proposal is a key step in the ongoing dialogue among the Seven Basin States as we continue to seek a collaborative solution to stabilize the Colorado River system,” Tom Buschatzke, director of the Arizona Department of Water Resources, said in a statement.

Reclamation is in the process of an environmental review of how to operate Glen Canyon and Hoover dams at low-water scenarios. By the summer, the process is expected to clarify the federal government’s legal authority to make unilateral cuts to states’ water allotments.

One of the central tensions of these complicated negotiations is how to balance cuts between farming regions against those in cities, including major population centers. Agriculture uses some 80 percent of the river’s water and also tends to have the most senior rights, some dating back to the 19th century. The way this “priority system” works, residents of Phoenix would lose water before vegetable farmers in Yuma. Those who grow alfalfa in Southern California’s Imperial and Coachella valleys would keep their water before people in parts of Los Angeles.

Arizona city cuts off a neighborhood’s water supply amid drought

Kightlinger, along with many other water experts and officials, say cuts of this magnitude and severity have to be shared, rather than doled out according to seniority.

“They can’t follow the priority system. That would be a disaster. That would be: We’re basically going to put all the cuts on the major share of the economy. That just simply can’t be reality,” he said.

But officials in these farming districts with long-standing water rights do not intend to give them up without a fight — or without compensation that meets their needs.

Alex Cardenas, the president of the board of directors of the Imperial Irrigation District, noted that the water rights among the farmers in his area of California near the border with Mexico predate the formation of the Bureau of Reclamation, which manages the river system. His water district uses about 2.6 million acre feet of water per year to irrigate more than 400,000 acres of farmland for alfalfa, grasses, and other crops.

“We stand behind the priority system on the river, and we also understand that there’s painful cuts that people need to make. But we will not serve as an emergency reservoir for uncontrollable, unsustainable urban sprawl,” Cardenas said. “We’re not going to wreck our local economy so that they can continue to grow their urban economy.”

As negotiations have progressed in recent months, the Imperial Irrigation District has offered to cut its usage by 250,000 acre feet — or about 10 percent. The Biden administration helped pave the way for that offer by pledging $250 million for environmental projects to address the dust-ravaged shorelines around the Salton Sea, California’s largest lake, that’s fed by agricultural runoff from the Imperial Valley.

Cardenas said that the prospect of a 10 percent cut to the region’s $5 billion agricultural economy would mean serious economic pain for a community that already suffers from high unemployment. But from the perspective of other states — even those cuts wouldn’t be nearly enough.

Negotiators have had a bit of help from nature to start the year. The rain and snowstorms that battered California in January have raised reservoir levels in the state and coated the Sierra Nevada mountains in snowpack that is 210 percent above normal for this time of year. The snowpack in the Rocky Mountains, the main source of runoff that feeds the Colorado River system, is also higher than normal but not by as much as in California.

California’s snowpack, aided by atmospheric rivers, could help drought

But the bountiful precipitation has also been a double-edged sword, creating a political challenge for negotiators trying to agree on painful cuts, according to analysts following the talks.

“If severe, extreme drought conditions continued then it’s easier for them to sell additional cuts,” said Michael J. Cohen, a senior researcher with the Pacific Institute and an expert on the Colorado River. “But there’s this public perception that look there’s flooding, why do we need to take additional actions now when there was so much water through all these recent storms.”

The past two years have also seen healthy winter snow accumulation in the Rockies only to have runoff levels into Lake Powell that were a fraction of normal, as terrain dried out by the warming climate absorbs more of the water before it can reach the reservoir. The water level in Lake Powell has fallen about a foot this year and currently stands 33 feet above the threshold where Glen Canyon Dam could not longer produce power.

“There’s a problem of aridification. But on top of that there’s a problem with the rules,” Cohen said. “The rules governing the system are not sustainable.”

Lakeland, Florida shooting: At least 11 wounded in targeted drive-by, police say



CNN
—

The number of victims hurt in Monday’s Lakeland, Florida, shooting has increased to eleven after an additional victim self-transported to a hospital, according to Lakeland Police Chief Sam Taylor.

Lakeland police have said the incident was a “targeted attack” in a Lakeland neighborhood, CNN has reported.

Two of the eleven victims are listed in critical condition and have “very serious injuries” – including a man who was shot in the face and another shot in the abdomen. Investigators have spoken to the other nine victims – who are all expected to survive – for their account of the shooting, said Taylor at a Tuesday morning briefing.

Police have recovered a blue Nissan in Lakeland matching the one used in the Monday afternoon drive-by shooting, said Taylor. Investigators have a “high level of confidence” that they’ve located the vehicle used in the shooting, said the chief.

The chief says they are trying to expedite lab results from evidence found inside the vehicle. Firearms were among the items found incident the car, he said.

Four people were in the vehicle during the drive-by and at least two were shooting outside the vehicle, said Taylor. No one is in custody at this time but investigators have some “very promising leads” and at least one suspect identified, said the chief.

Police are looking for at least four males who may have been wearing facial coverings, according to Taylor. He urged members of the community to call in with any information they may have that could help with the investigation.

In a joint effort with Heartland Crime Stoppers Florida, the police department on Monday offered a $5,000 reward for anyone who provides information that can lead to the identification and arrest of suspects connected to the shooting. Information may be reported at 1-900-226 TIPS (8477).

At the crime scene, police found a “quantity” of marijuana, which indicates to police that “there was a narcotic sales or sales of marijuana going on at the time,” Taylor said. “Whether that is significant or related to this is unknown.”

Officials declined to provide additional information about the vehicle and the registered owner.

Taylor stressed that investigators are working around the clock to gather evidence and file warrants to arrest those responsible.

“This is something that doesn’t happen in Lakeland. I’ve been here 34 years, and I can tell you I have never worked an event where this many people have been shot at one time ever,” he said.

S&P 500 gains on Tuesday as it heads for best January since 2019

Most companies are topping fourth-quarter earnings projections

It’s the busiest week of earnings season, with thirty companies representing 6.8% of S&P 500’s market cap reporting fourth-quarter earnings today. 38.9% of the S&P 500’s market cap has already been reported. 

Earnings are beating estimates by 2% and 63% of companies have topped projections, according to a Credit Suisse note sent to clients on Tuesday morning. Earnings per share are on pace to dip by 0.9%, the firm said.

Credit Suisse noted that more domestically-oriented companies in the broader index are delivering faster growth in earnings per share compared to their globally-oriented peers, at 0.1% and -1.6%, respectively.

— Pia Singh

Stocks making the biggest moves in midday trading

These stocks are among those making the biggest moves in midday trading:

  • General Motors — The automaker’s stock surged more than 7% after the company cruised past analyst estimates on the top and bottom lines for its fourth quarter. The company reported an adjusted $2.12 per share on $43.11 billion in revenue.
  • Caterpillar — Shares fell about 3% after Caterpillar reported a 29% earnings decline. The construction machinery and equipment maker said higher manufacturing costs and foreign currency effects weighed on its quarterly results.
  • UPS — Shares of United Parcel Service gained 4% after shipping and transportation giant posted earnings of $3.62 a share, slightly ahead of the $3.59 expected by analysts surveyed by Refinitiv. UPS also raised its dividend and sanctioned a new $5 billion stock repurchase plan.
  • PulteGroup — Shares of the homebuilder soared 9% in midday trading after the company reported better-than-expected fourth quarter earnings. The company reported $3.63 in adjusted earnings per share on $5.17 billion of revenue, and its homebuilding gross margin rose year over year.

Click here to see more stocks making midday moves today.

— Pia Singh

Barclays reiterates equal weight on Apple, expects a miss in latest quarter

Investors can expect lackluster results from Apple when it reports this week, according to Barclays.

Analyst Tim Long reiterated an equal weight rating on Apple, saying the firm dealt with a challenging holiday season, and could issue weaker guidance.

“We see a miss for Dec-Q across hardware and Services. March-Q looks to be at risk due to deteriorating demand trends,” Long wrote in a Monday note.

“What started out as production-driven cuts have moved to demand weakness across product categories. We are also concerned by decelerating Services growth. At a 20% premium to the S&P 500, we see the stock as fairly valued at best,” Long continued.

Apple is expected to report its first year-over-year revenue decline since 2019. The tech giant couldn’t make enough of its high-end iPhone models when its assembly plant in China was shut down because of Covid.

Apple shares are up more than 10% this year amid a broad rally for tech stocks. The iPhone maker was down more than 26% in 2022. The stock ticked up 0.2% in Tuesday morning trading.

Apple reports earnings after the bell Thursday.

— Sarah Min

Lucid could reach all-time lows in next year, Morgan Stanley warns

Lucid‘s recent pop will likely be short-lived, Morgan Stanley said.

The electric vehicle maker rallied 43% Friday on the back of reports indicating Saudi Arabia’s Public Investment Fund was considering buying the more than 30% of shares it does not already own.

But analyst Adam Jonas expects the stock to hit $5 in the next 12 months — meaning it would fall 57.4% from where it closed Monday and reach a new all-time low — due to what he sees as a tough road ahead. The stock previously reached an all-time intraday low of $6.09 and closing low of $6.17 earlier this month.

“We believe the fundamental outlook facing Lucid is more likely deteriorating than improving,” Jonas said in a note to clients Tuesday.

CNBC Pro subscribers can read more here.

Nearly all sectors in the S&P 500 trading in positive territory

The S&P 500 was up 0.6% during Tuesday morning trading, with nearly all sectors trading in positive territory.

Ten out of 11 sectors were higher on the day. Consumer discretionary, materials and real estate led the gains, up about 1.5%, 1.1% and 1%, respectively.

— Sarah Min

Consumer discretionary is the leading sector in the S&P 500, boosted by General Motors

Consumer discretionary stocks led gains in the S&P 500 on Tuesday, with the sector up about 1% during morning trading.

General Motors was the biggest advancer in the sector. The stock jumped more than 8% after the automaker reported strong earnings.

Meanwhile, utilities underperformed the broader market index, down nearly 0.9%.

— Sarah Min

Copper and aluminum extended base metal rally in January

March copper contracts fell as low as $4.1185 per pound Tuesday, but still left Dr. Copper up about 8.7% in January and on pace for a third straight monthly gain. January is poised to become the best start to the year for the metal since 2017.

Meanwhile, London Metal Exchange aluminum on Tuesday matched Monday’s low of $2,555, still leaving aluminum higher by 8.5% in January and on course for its third gain in four months and the best start to a year since 2012.

Metals traders are awaiting this week’s central bank rate decisions from the Federal Reserve, European Central Bank and Bank of England, while Reuters reported that copper demand in China remains stagnant.

— Scott Schnipper, Gina Francolla

Atlantic Equities downgrades Bank of America as net interest margins struggle

Atlantic Equities moved to the sidelines on Bank of America as the firm sees net interest margins weakening for banks.

Analyst John Heagerty downgraded the stock to neutral from overweight and lowered his price target by $5 to $40. The new target implies a 13.3% upside from where the stock closed Monday.

Heagerty said it will be difficult to have operating leverage as net interest income, which finds the difference between revenue from interest-bearing liabilities and the cost to the bank of servicing them, slows for Bank of America and other financial services names.

CNBC Pro subscribers can read the full story here.

— Alex Harring

Crude oil in January poised to decline for 7th month in 8

March West Texas Intermediate crude oil contracts fell as low as $76.55 per barrel Tuesday, the lowest in about three weeks, and leaving crude on the verge of declining for the seventh month in eight. Moreover, crude is on pace to settle below its 50-day moving average ($77.62), also for the first time in nearly three weeks.

WTI is also on course in January to decline for a third straight month.

The Energy Select Sector SPDR Fund (XLE) is off about 0.3% premarket Tuesday, on course for a third straight decline. Exxon (XOM) (earnings), SLB and Devon (DVN) are all down about 1% in early Tuesday trading.

Energy SPDR ETF in past 12 months

Month-to-date, the Energy ETF is still up about 1%, and on the verge of advancing for the third month in four.

— Scott Schnipper, Gina Francolla

Contrarian indicators in the futures market have Wolfe Research getting bullish

There are contrarian indicators coming from the futures market that have Wolfe Research turning more positive on stocks. Nasdaq 100 futures are down 29% from the peak and now large speculators have flipped to their most aggressive short position in over two years, analyst Rob Ginsberg wrote in a note Monday.

“With the Fed on Wednesday and earnings from AAPL, AMZN and GOOGL on Thursday, the contrarian in me is getting increasingly bullish,” he said.

In other words, given that a lot of bad news has already been priced in, anything positive from earnings or the Federal Reserve could be good for stocks.

On Wednesday, the central bank is set to announce another rate hike, which is expected to be one-quarter of a percentage point. Investors will also be watching to see what the Fed indicates about any future increases.

— Michelle Fox

Employment cost index rose 1% in Q3, slightly less than expected

Compensation costs for civilian workers increased at a slower pace in the fourth quarter, the Bureau of Labor Statistics reported Tuesday.

The employment cost index, an important inflation gauge for the Federal Reserve, showed compensation increased 1% for the October-to-December period. That was a touch below the 1.1% estimate from Dow Jones. It also was lower than the 1.2% increase in the third quarter.

On a 12-month basis, the ECI rose 5.1%, up slightly from the 5% gain in the third quarter.

—Jeff Cox

Names making the biggest premarket moves

Here are some companies making the biggest moves before the bell:

  • McDonald’s — Shares dipped more than 1% after McDonald’s reported its latest quarterly results. The fast food giant topped earnings and revenue estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he expects “short-term inflationary pressures to continue in 2023.”
  • United Parcel Service – Shares of UPS rose 1.9% after the company reported earnings that beat analyst expectations. The company posted adjusted earnings per share of $3.62 on $27.08 billion in revenue. Analysts had forecast earnings of $3.59 per share and $28.09 billion in revenue, per Refinitiv.
  • Exxon Mobil — The oil giant was under pressure despite reporting upbeat financial results for the latest quarter. The company, whose stock price rallied more than 80% last year, saw a tightening in supplies as economies began recovering, CEO Darren Woods said in a statement. Shares fell more than 1%.

For more stocks making moves in premarket trading, click here.

— Hakyung Kim

Pfizer shares fall after earnings

Pfizer shares dipped more than 2% after the vaccine maker said it expects 2023 sales to fall by as much as 33% compared to a record 2022.

The pharmaceutical company issued sales guidance of $67 billion to $71 billion for 2023. Last year, Pfizer booked $100.3 billion in revenue, which was an all-time high boosted by Covid vaccine and antiviral sales.

— Sarah Min, Spencer Kimball

McDonald’s shares decline after earnings results

McDonald’s shares dipped more than 2% in premarket trading after the fast food company reported its latest quarterly results. The fast food giant topped earnings and revenue estimates, saying customers are increasingly visiting its restaurants.

The company posted earnings per share of $2.59, better than the $2.45 expected by analysts polled by Refinitiv. It reported revenue of $5.93 billion, greater than the forecasted $5.68 billion.

McDonald’s CEO Chris Kempczinski said he expects “short-term inflationary pressures to continue in 2023.”

McDonald’s shares decline

— Sarah Min, Amelia Lucas

Exxon Mobil falls despite earnings beating expectations

Shares of Exxon Mobil fell more than 3% despite the oil giant reporting earnings and revenue that beat analyst expectation.

Exxon earned $3.40 per share on Revenue of $95.43 billion. Analysts expected earnings per share of $3.29 per share on revenue of $94.67 billion.

“While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed as economies began recovering and supplies became tight,” CEO Darren Woods said in a statement.

Exxon shares rallied more than 80% in 2022 thanks in large part to higher oil prices.

XOM under pressure after earnings

Caterpillar shares fall after earnings

Caterpillar shares fell more than 2% after the industrial giant posted a its latest quarterly results. The company reported adjusted earnings of $4.27 per share, above a Refinitiv consensus estimate of $4.02 per share. Caterpillar’s bottom line excludes an “unfavorable ME&T foreign currency impact in other income (expense) of $0.41 per share.”

CAT falls in the premarket

— Fred Imbert

Correction: Caterpillar reported adjusted earnings per share of $4.27, according to Refinitiv. A previous version of this story used the company’s adjusted $3.86 figure, which did not strip out for a “foreign currency impact.”

GM jumps on strong earnings

General Motors reported quarterly earnings that beat analyst expectations, sending the auto stock up more than 3% in the premarket.

GM earned $2.12 per share in the fourth quarter, beating a Refinitiv forecast of $1.69 per share. The company’s revenue of $43.11 billion also beat a consensus estimate of $40.65 billion. Additionally, GM forecast another strong year.

— Fred Imbert, Michael Wayland

IMF hikes global growth forecast as inflation cools and household spending surprises

The International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.

In its latest economic update, the IMF said the global economy will grow 2.9% this year — which represents a 0.2 percentage point improvement from its previous forecast in October. However, that number would still mean a fall from an expansion of 3.4% in 2022.

It also revised its projection for 2024 down to 3.1%.

Read the full story here.

– Silvia Amaro

Where the major averages stand ahead of January’s last trading day

Stocks have so far posted a strong start to the year after the worst year for stocks since 2008. This is where all the major averages stand ahead of the final trading day of January.

Dow Jones Industrial Average:

  • Up 1.72% for the month and year
  • On pace for third positive month in four

S&P 500:

  • Up 4.64% this month
  • On track for best January since 2019
  • Headed for third positive month in four

Nasdaq Composite:

  • Up 8.86% in January
  • On pace for best monthly performance since July

— Samantha Subin, Chris Hayes

NXP Semiconductors, Whirlpool among stocks moving after the bell

These are some of the stocks moving the most in overnight trading:

NXP Semiconductors — NXP Semiconductors’ stock dropped more than 3% after its revenue outlook for the first quarter fell short of analysts’ expectations, according to FactSet.

Whirlpool — Whirlpool shares gained more than 1.9% in extended trading after the appliance maker shared strong guidance for the year. Fourth-quarter revenue came slightly behind analyst expectations.

Read the full list of stocks moving after the bell here.

— Samantha Subin

Ed Yardeni takes an optimistic view on the global economy, says to ‘look beyond’ U.S.

Ed Yardeni is more bullish on the economy this year — telling investors and analysts to take a comprehensive look at the global economy.

“I think we have to look beyond the US, for starters, and see that there’s more and more evidence that the global economy is better than people had feared last fall. Europe looks like it’s not going to have a recession, and we see China coming out of its Covid funk,” Yardeni said on CNBC’s “Closing Bell: Overtime.”

“Meanwhile, when we come back to the U.S., there’s still a big debate about a soft versus hard landing.”

Yardeni added that he anticipates a soft landing due to falling bond yields and the inverted yield curve. 

The closely followed strategist also noted that while he believes the economy will grow at a slow pace this year, the worst has passed. According to Yardeni, the economy has already experienced a “rolling recession” in the past year, with different industries and sectors having experienced slumps during different times. 

Taking into account that the economy will experience a soft landing, Yardeni said the Fed will not maintain interest rates at the high 5% range for a long time, downplaying fears of an economic downturn resulting from a high federal funds rate. 

“I think inflation is turning out to be very transitory,” he said. “I’m an optimist on inflation.”

— Hakyung Kim

There are two ways to beat the market this year, says Trivariate Research’s Parker

The economy will slow down this year — but there are two ways for investors to gain earnings in the market, according to Adam Parker, Trivariate Research’s founder and CEO.

“I think there are two ways to beat the market this year,” Parker said on CNBC’s “Closing Bell: Overtime.” 

“There are cyclicals that are so cheap, they can improve their balance sheets in this eroding backdrop,” such as pharmaceuticals, metals, consumer finance and energy stocks, said Parker. “Or, I have to get stuff that can earn gross profits well through this eroding economy.”

“It’s too early to make a big bet, but there are a lot of software companies that are doing interesting things with the cloud, that are going to grow their gross profits,” he added.

The market has rallied since the beginning of the year thanks to optimism on falling inflation and the prospect of slower interest rate hikes by the Fed. However, Parker added that he cautions investors from veering too bearish or bullish on the economy this year, saying that both extremes have their drawbacks. 

“I’m not wildly bullish or bearish, but I think people got too negative,” he said. “… I don’t want to get too negative and, you know, get locked in this bear den.”

— Hakyung Kim

Stocks open slightly higher

Stock futures rose slightly in overnight trading Monday.

Futures tied to the S&P 500 added 0.19%, while futures connected to the Dow Jones Industrial Average inched 0.07%, or 25 points, higher. Nasdaq-100 futures gained 0.19%.

— Samantha Subin

Kyle Smaine reportedly among skiers killed in avalanche in Japan

Comment

Kyle Smaine, an American freestyle skier who was a halfpipe gold medalist at the 2015 world championships, was reportedly one of two men killed Sunday in an avalanche while backcountry skiing in Japan.

Smaine, a 31-year-old from South Lake Tahoe, Calif., was on a marketing trip for Ikon Pass and Nagano Tourism, according to the outdoor sports publication Mountain Gazette, and was in Japan for the “unbelievable snow quality,” he had written on Instagram. William Smaine, the skier’s father, confirmed that his son was one of the victims to NBC News.

A spokesperson from the State Department confirmed in an emailed statement that a U.S. citizen was killed but would not confirm that person’s identity, citing privacy concerns.

“The U.S. Department of State has no higher priority than the safety and security of U.S. citizens overseas,” the statement read. “We are aware of an avalanche in Nagano, Japan on January 29. We can confirm the death of a U.S. citizen in Nagano on January 30. Due to privacy considerations, we have no additional details at this time.”

A snowboarder was caught in an avalanche. He filmed his 300-foot slide.

A spokesperson at the U.S. Embassy in Tokyo said it was “aware of the incident in Nagano Prefecture and has been in touch with the relevant authorities to provide all appropriate assistance.”

At least five skiers from the United States and Austria were caught in the avalanche on the eastern slope of Mount Hakuba Norikura, a Nagano Prefecture police spokesperson told Reuters. Three were able to escape the avalanche, but two skiers were found dead. Weather forced a search to be suspended, and their bodies were recovered Monday.

An avalanche warning had been issued for the area, with Japan dealing with widespread heavy snow and record cold. Backcountry skiing is popular among advanced skiers and snowboarders, lured by fresh, deep snow and the absence of crowds. “This,” Smaine had written on Instagram along with video of him skiing, “is what brings me back to Japan each winter.”

But even an experienced skier or snowboarder can trigger or be caught by a naturally occurring avalanche, which starts a race against the clock — and the odds — for rescue teams. Although most victims are buried by an average of only three feet of snow, the prospects for survival become increasingly unlikely after about 15 minutes, Dale Atkins, a past president of the American Avalanche Association and a former forecaster with the Colorado Avalanche Information Center, told The Washington Post in 2021. When the avalanche stops, the snow compacts around victims, becoming almost like concrete.

Grant Gunderson, a Mountain Gazette photographer, and Adam Ü, a professional skier from Glacier, Wash., also were on the trip, and Ü told the Mountain Gazette that Smaine and the other deceased skier, who has not been identified, were transitioning their backcountry gear into uphill mode when the avalanche occurred.

“It was the last run of the last day of our trip,” Ü told the publication.

As news of the tragedy swept through the freestyle skiing community, there were several remembrances on social media. Joss Christensen, a Park City, Utah, freestyle skier, replied to Smaine’s most recent video: “Wish we had more time to ski these past few years. Thanks for always being such a positive energy Kyle.”

The U.S. Free Ski Team wrote on Instagram that it had lost “an incredible person, friend, skier and teammate to the mountains,” describing Smaine as “a fierce competitor but an even better person and friend.”

Travis Ganong, an Olympian and freestyle skier, wrote that he was “heartbroken to hear of the passing of my friend. … He loved skiing more than anyone I knew. You will be missed.”

Mio Inuma reported from Tokyo.

Annie Wersching of ’24,’ ‘The Last of Us,’ ‘Star Trek,’ dies at 45

Comment

Annie Wersching, the actress best known for voicing Tess Servopoulos in the video game “The Last of Us” and for playing FBI agent Renee Walker in the television series “24,” is dead, the Associated Press reported. She was 45.

Ms. Wersching’s publicist told the AP that Wersching died of cancer early Sunday in Los Angeles. It was not immediately clear what type of cancer she had. Deadline reported that cancer was diagnosed in 2020.

Ms. Wersching’s husband, Stephen Full, confirmed her death in a statement to Deadline. “There is a cavernous hole in the soul of this family today,” he said. “But she left us the tools to fill it. She found wonder in the simplest moment. She didn’t require music to dance. She taught us not to wait for adventure to find you. ‘Go find it. It’s everywhere.’ And find it we shall.”

Tributes to Ms. Wersching flooded social media late Sunday. “We just lost a beautiful artist and human being. My heart is shattered,” tweeted Neil Druckmann, the creator of “The Last of Us” and co-president of the video game developer Naughty Dog.

HBO’s ‘The Last of Us’ stays true to the game, and hits just as hard

“Everyone loved Annie. Everyone,” wrote fellow actress Ever Carradine in a verified GoFundMe fundraiser set up for Ms. Wersching’s husband and three sons.

“Annie was diagnosed with cancer Summer of 2020,” Carradine wrote. “She’s a private person by nature, and the diagnosis made her even more so. She wanted to protect her boys. She wanted to get better so she could continue working. And honestly, she just didn’t really want to talk about it. She wanted to live her life, on her terms, and be with her family.”

Following her cancer diagnosis, Ms. Wersching continued to act, appearing as Borg Queen in “Star Trek: Picard” on Paramount Plus and as the serial killer Rosalind Dyer in “The Rookie” on ABC. In her last Instagram post in August, she shared her enthusiasm at returning to that role.

Ms. Wersching was born in St. Louis. She acted for about two decades, appearing as recurring and one-off characters in dozens of television series, including “Bosch,” “Runaways,” “The Vampire Diaries” and “Star Trek: Enterprise.”

She gave voice and motion to the character of Tess Servopoulos in the popular 2013 PlayStation 3 title “The Last of Us,” which HBO recently released as a television series. Co-creators Druckmann and Craig Mazin said in a joint statement that Episode 3, released Sunday night, would be dedicated to Ms. Wersching.

Her friend Carradine described Ms. Wersching as a joyful and generous person who “lived for her family.”

In his statement to Deadline, Full said that whenever he drove with their sons, Freddie, Ozzie and Archie, away from the home they all shared, “she would yell ‘BYE!’ until we were out of earshot and into the world. I can still hear it ringing.”

You don’t need to play ‘The Last of Us’ to watch the HBO show

Gene Park contributed to this report.

An explosion at a Pakistan mosque leaves at least 28 dead : NPR

ap23030325853033 6db5e60abc6615596a56e3e10964150cd66a63b2 s1100 c50

Army soldiers and police officers clear the way for ambulances rushing toward a bomb explosion site, at the main entry gate of police offices, in Peshawar, Pakistan, Monday, Jan. 30, 2023.

Muhammad Sajjad/AP


hide caption

toggle caption

Muhammad Sajjad/AP

ap23030325853033 6db5e60abc6615596a56e3e10964150cd66a63b2 s1200

Army soldiers and police officers clear the way for ambulances rushing toward a bomb explosion site, at the main entry gate of police offices, in Peshawar, Pakistan, Monday, Jan. 30, 2023.

Muhammad Sajjad/AP

ISLAMABAD — An explosion struck Monday inside a mosque in the northwestern Pakistani city of Peshawar, bringing down one of its walls and killing at least 28 people and wounding more than 65, according to Mohammad Asim, a spokesman at Lady Reading Hospital, a major hospital in the city.

A local journalist, Iftikhar Firdoussaid rescuers were still trying to pull six wounded out of the rubble.

The blast was likely caused by a suicide bomber, according to Pakistan’s interior minister Rana Sanaullah, who spoke at a press conference. Local media reported that the bomber had joined worshippers for early afternoon prayers in the mosque.

The blast occurred in a crowded mosque frequented by police. A Twitter account affiliated with a Pakistani offshoot of the Taliban, known as the TTP, claimed responsibility for the attack.

Peshawar is the capital of Pakistan’s Khyber Pakhtunkhwa province that borders Afghanistan. It has been the scene of frequent militant attacks.

Following the blast, police in the Pakistani capital Islamabad announced they were on high alert, deploying snipers and stepping up checks of residents at entry and exit points.

There have been increasing attacks on soldiers and police in Pakistan since the Taliban seized power of neighboring Afghanistan more than a year ago. An offshoot of the Taliban, known as Tehreek-e-Taliban Pakistan or TTP, often claims responsibility.

Also Monday, authorities announced a sudden public holiday as they prepared to host the president of the United Arab Emirates. But the Pakistani prime minister’s office said that visit was called off – because of the weather.

Putin threatened U.K. with missile strike, Boris Johnson says

Comment

LONDON — Former British prime minister Boris Johnson says Russian President Vladimir Putin personally threatened him with a missile attack in the run-up to Russia’s invasion of Ukraine.

The accusation came in excerpts of a BBC documentary on Putin and the West set to air later Monday, and Johnson conceded that the Russian leader might have been joking.

Johnson said Putin made the remarks during a “very long” and “extraordinary” call in early February last year, as Russian troops were massing along the Ukraine border. Johnson, who was prime minister at the time, had recently visited Kyiv to show Western support for Ukraine.

Road to war: U.S. struggled to convince allies, and Zelensky, of risk of invasion

“He sort of threatened me at one point and said, ‘Boris, I don’t want to hurt you, but with a missile, it would only take a minute,’ or something like that. You know … jolly,” Johnson said.

Russia has one of the world’s largest stockpiles of nuclear weapons, including longer-range missiles, but Johnson suggested that he didn’t regard Putin’s comments as a serious threat.

“From the relaxed tone that he was taking, the sort of air of detachment that he seemed to have, he was just playing along with my attempts to get him to negotiate,” Johnson said.

Kremlin spokesman Dmitry Peskov denied that Putin threatened Johnson with a missile attack and said that the former prime minister was either deliberately not telling the truth, or had misunderstood the Russian president.

“It’s a lie, there were no threats of missiles,” he told reporters during a press briefing. “Speaking about challenges to the security of the Russian Federation, President Putin noted that if Ukraine joined NATO the potential deployment of NATO or American missiles near our borders would mean that any missile would reach Moscow in minutes. If this passage was perceived in this way, it is very embarrassing,” he said.

For his part, Johnson said that in the conversation, he had warned Putin that tougher sanctions would follow if there was an invasion and that it would bolster Western support for Ukraine, resulting in “more NATO, not less NATO” on Russia’s borders.

“He said, ‘Boris, you say that Ukraine is not going to join NATO any time soon. … What is any time soon?’ and I said, ‘Well it’s not going to join NATO for the foreseeable future. You know that perfectly well,’” Johnson recalled of the exchange. Three weeks after their call, on Feb. 24, Russia invaded Ukraine.

Johnson has sought to position himself as one of Ukraine’s most outspoken supporters. He made a surprise visit to Kyiv just over a week ago — despite having no official role in the British government after being ousted from office in September after a string of scandals — and met with President Volodymyr Zelensky, pledging that Britain would “stick by Ukraine as long as it takes.”

Boris Johnson blames ‘the herd,’ resigns to make way for new U.K. leader

In separate comments from excerpts of the documentary “Putin vs the West,” set to air Monday evening, British Defense Secretary Ben Wallace also spoke about exchanges with Russian officials during a visit to Moscow in February last year.

Referring to conversations with Russian Defense Minister Sergei Shoigu and Gen. Valery Gerasimov, chief of the military’s General Staff, he said: “I remember saying to Minister Shoigu ‘they will fight,’ and he said, ‘my mother is Ukrainian, they won’t!’ He also said he had no intention of invading.”

“That would be ‘vran’e’ in the Russian language. ‘Vran’e’ I think is sort of a demonstration of bullying or strength: I’m going to lie to you. You know I’m lying. I know you know I’m lying, and I’m still going to lie to you. He knew I knew, and I knew he knew. But I think it was about saying: I’m powerful.

“It was the fairly chilling but direct lie of what they were not going to do that I think to me confirmed they were going to do it. I remember as we were walking out, Gen. Gerasimov said, ‘Never again will we be humiliated. We used to be the fourth army in the world, we’re now number two. It’s now America and us.’ And there in that minute was that sense of potentially why [they were doing this].”

Natalia Abbakumova in Riga, Latvia contributed to this report.

  • « Go to Previous Page
  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to page 4
  • Go to page 5
  • Interim pages omitted …
  • Go to page 283
  • Go to Next Page »

© packersvsvikingsgame.com | DMCA | Privacy Policy | Contact Us