Nasdaq, S&P 500 and Dow Jones fall as conflict in Ukraine sparks oil spike

Selling technology stocks is driving markets sharply down

Spencer Platt / Getty Images News

Despite their lowest levels in the last minutes of trading, US stocks closed lower on Tuesday after Russia strengthened intensifies its invasion of Ukraine, pushing oil prices above $ 100 a barrel and lowering government bond yields.

Dow Jones decreased by 1.8%and the S&P 500 decreased by 1.6%and Nasdaq decreased by 1.6%.

Looking at the preliminary closing figures, the Dow Jones Industrial Average fell 597.65 to 33,294.95. The S&P 500 fell 67.68 to 4,306.26. Nasdaq withdrew 218.94 to 13,532.46.

Showing the broad weakness that marked trade, 10 of the 11 industrial sectors of the S&P 500 ended in the red, led by a 3.7% decline in financial performance. Energy was the only stubborn one, with higher oil prices sparking a new rally in the sector.

Yields on 10-year bonds fell 11 basis points to 1.73%. The 2-year yield withdrew by about 8 basis points to 1.35%.

Crude oil rose 8.7 percent to $ 104.39 a barrel, gold rose 2.4 percent to $ 1947 an ounce; wheat futures rose 5.4% to 984 cents a bushel.

Military action in Ukraine and a number of economic sanctions against Russia are on the brink of investors. In his note on the stock market positioning model, Citi analyst Chris Montagu wrote: “Investors are becoming less short in most markets … US futures positioning has expanded and unilaterally short for the Nasdaq 100 and lower for the Nasdaq 100. S&P 500.

As the Russia-Ukraine conflict looms over the world economy and threatens to thwart the US economic recovery, traders have dropped expectations of raising interest rates by 50 basis points at the Fed’s March 15-16 meeting. The probability of rising by 25 bps now stands at 92% against 58.6% a week ago, according to the CME FedWatch Tool. One week ago, the probability of a 50 bps rise was 41%; is now at 0.

The report on jobs in February, due to be published on Friday, may change that. “While most now expect the Fed to raise interest rates by just 25 basis points next month, a hotter-than-expected Friday job report could increase the chances of moving by 50 basis points,” said Anthony Saglimbene, global market strategist at Ameriprise. Bloomberg.

Russia has previously retaliated against Western sanctions; The Moscow Stock Exchange is still closed

Nasdaq, S&P 500 and Dow Jones fall as conflict in Ukraine sparks oil spike Read More »

Samuel L. Jackson says he should have won an Oscar so far

Samuel L. Jackson has a message for the Academy and it has nothing to do with the current drama surrounding the reformatted 94th Oscar TV show. Instead, Jackson wants Oscar voters to know that there must be an Oscar at this point in his career. Although Jackson won an honorary Oscar this year, he received only one Oscar nomination: Best Supporting Actor in 1995 for his role in Quentin Tarantino’s Criminal Readings.

“I had to win this one,” Jackson told The Times recently about his Oscar nomination for Pulp Fiction. Jackson was nominated the same year against Martin Landau (“Ed Wood”), Chaz Palnteri (“Bullets Over Broadway”), Paul Scofield (“Quiz Show”) and Gary Sinise (“Forest Gump”). Landau was awarded an Oscar. Jackson said he missed another Oscar for “Jungle Fever”, for which he was not even nominated. Two members of the Bugsy cast stormed Jackson’s no-confidence contest that same year.

“My wife and I went to see the Bugs,” Jackson said. “Damn it! They were nominated and I wasn’t? I guess blacks usually win when they do nasty nonsense on screen. Like Denzel [Washington] for being a terrible cop on ‘Training Day’. All the great things you did in inspirational roles like Malcolm X? No, we’re going to give it to this bastard. So maybe I should have won one. But the Oscars don’t move the comma of your check – it’s about sitting on your ass and I did a good job with it. “

Jackson noted that the Oscars should pay more attention to films that get “butts in place.” The academy tried and failed to introduce a category for the most popular film in 2018, but Jackson fully supports the idea. The actor proposed that the highest grossing film of each year be awarded an Oscar.

“They have to have an Oscar for the most popular film. Because that’s what business is all about, “Jackson said, adding that the Oscars” should “award” Spider-Man: No Way Home “this year for $ 1.8 billion in revenue worldwide. “It did what the movies did forever – it took people to a big dark room.”

“All movies are valid,” Jackson said. “Some go to the movies to be touched dearly. Some like superheroes. If someone has more butts in place, it just means that your audience is not so wide. There are people who have made a successful career, but no one can recite a single line of their parts. I’m the one who says nonsense on a T-shirt. “

Jackson will receive his honorary Oscar at the 2022 Governor’s Awards on March 25, two days before the Oscars televised.

Samuel L. Jackson says he should have won an Oscar so far Read More »

Bills propose changes to post-season emergency rules based on time, not possession

Analog clock

Getty Images

The Bills never got a chance to catch up with the Chiefs in the sequel to their playoff game after the Kansas City won a coin toss and headed for a winning touchdown. This may cause a change in the rules for extensions after the season.

The Colts have proposed a change in overtime rules to ensure that each team has possession during the regular season and after the season.

The bill is tied to time, not ownership.

“I think there will be some changes,” Bills general manager Brandon Bean said Tuesday. “I do not know how many proposals (there were). We definitely put our stamp on one. Ours will be more, without going into details, instead of one possession and then another possession is time. You know, like basketball. You play basketball for five minutes. Both teams get (chance). You know, baseball, there’s the top half and the bottom half. So a time limit, and we’re only talking about the post-season to play it. And that way, both teams will definitely have a chance and maybe even more than one possession. ”

The Beals and Chiefs combined 25 points in the last two minutes of the fourth quarter, but Josh Allen never got a chance to equalize Patrick Mahoms in overtime. One of the greatest games in NFL history has left everyone except Chiefs and their fans to want.

“I just think let’s play it for a while,” Bean said. “I don’t know if this will be the end result in the owners’ meetings in March, but I think there will be some good suggestions and I hope we will at least get to the point where both teams will get a chance.”

There may be more than proposals to change Bills and Colts’ overtime rules, and Bean jokes that the Competition Committee may have to discuss 32. Bills just want to see some change so no other team will experience it in the future what they did in January.

“Experiencing what we went through in general, I think there is a better way out,” said Bills coach Sean McDermott. And when you go through similar experiences and experience these things first hand, you want to develop the game. And I think the development of the game for us to go through, as we did as a first-hand attempt to say, “Hey, we can make the game better if we just do X, Y and Z.”

Bills propose changes to post-season emergency rules based on time, not possession Read More »

Biden tries to boost his troubled agenda as Manchin sits with Republicans

President Joe Biden on tuesday, he called for a number of new energy initiatives in his address on the state of the union, ideas that will appeal to his party’s progressive wing but may be difficult for some moderates to swallow.

Biden says his proposals will “reduce energy costs for families by an average of $ 500 a year by combating climate change. ‘

One of the key moderate voices Biden will need, Senator Joe Manchin, delivered his speech in republican on the side of the aisle to Senator Mitt Romney. Manchin really stood up and applauded his colleague Democratsbeing sometimes the only person standing in the sea of ​​Republicans.

The West Virginia senator was making a two-party gesture, his spokesman said.

Senator Joe Manchin, a key moderate Democrat vote for President Joe Biden, sat with Republicans during a speech on the state of the Union

Senator Joe Manchin, a key moderate Democrat vote for President Joe Biden, sat with Republicans during a speech on the state of the Union

Manchin did rise up and applaud with his fellow Democrats, sometimes the only one standing in the sea of ​​Republicans.

Manchin did rise up and applaud with his fellow Democrats, sometimes the only one standing in the sea of ​​Republicans.

Democratic Sen. Joe Manchin (right) sat with Republican Sen. Mitt Romney (left) during a speech on the state of the Union as a gesture of bipartisanship, his office said.

Democratic Sen. Joe Manchin (right) sat with Republican Sen. Mitt Romney (left) during a speech on the state of the Union as a gesture of bipartisanship, his office said.

“Senator Manchin sat down with his fellow Senator Romney to remind the American people and the world that bipartisanship is working and alive and well in the US Senate,” his spokesman told NBC News.

And Romney said that the two sat together “only as a demonstration of solidarity between the two parties, bipartisanship, we have worked together for the last few years and plan to continue to do so.”

Biden had several climate and energy provisions in his bill to build better, his social welfare legislation, which died when Manchin refused to support him, citing concerns about his spending.

The president is trying to boost his domestic agenda.

Manchin has supported some clean energy programs in the past, but not those that discriminate against coal and gas, two major industries in his home state.

Biden did not go into detail when talking about his proposals.

“Let’s provide investments and tax credits to strengthen your homes and businesses to be energy efficient and get a tax credit for that; doubling America’s clean energy production in solar, wind and more; “Reduce the cost of electric vehicles, saving another $ 80 a month that you won’t have to pay for the pump,” Biden said in a speech on the state of the Union.

“UNITY AGENDA”

Biden sought support from Republicans and Democrats on a variety of issues his administration called the “unity agenda”: including ending the opioid epidemic, improving mental health and supporting veterans, and ending cancer.

Biden insisted on defeating the opioid epidemic and addressing mental health issues, especially among children “whose lives and education are upside down.”

He named Francis Haugen, a former Facebook employee, who revealed what the company may have known about the damage caused by its social media platform. She was a guest in the lodge of First Lady Jill Biden.

She testified before the Securities and Exchange Commission and Congress. And she warned in October that Facebook had research showing that its Instagram platform was turning children into addicts and hooligans.

“We need to hold social media platforms responsible for the national experiment they’re running on our children for profit,” Biden said. “It’s time to step up privacy protections, ban targeted advertising for children, ask technology companies to stop collecting personal information about our children.”

He added: “And let’s provide all Americans with the mental health services they need. More people to turn to for help and full equality between physical and mental health care. “

Francis Haugen, a former Facebook employee who revealed what the company may have known about the damage caused by its social media platform, was a guest of Jill Biden during the State of the Union address.

Francis Haugen, a former Facebook employee who revealed what the company may have known about the damage caused by its social media platform, was a guest of Jill Biden during the State of the Union address.

Biden added that he is committed to helping veterans and providing job and housing training assistance, as well as helping lower-income veterinarians receive care from the Ministry of Debt-Free Veterans Affairs.

“I also call on Congress: Pass a law to ensure that veterans devastated by toxic exposures in Iraq and Afghanistan finally get the benefits and overall health they deserve,” he said.

NOMINATION FOR SUPREME COURT

Biden also re-introduced his Supreme Court nominee, Judge Ketanji Brown Jackson, to Congress. The Senate must confirm it.

He described Jackson as a “consensus maker” and one of the “best legal minds” in the country.

He also paid tribute to retired Judge Stephen Brier, who blushed visibly and grabbed his cheeks during the presidential tribute.

United States Chief Justice John Roberts and Supreme Court Justice Elena Kagan applauded retired Supreme Court Justice Stephen Brier (sitting) while President Joe Biden paid tribute to him during a speech on the state of the Union

United States Chief Justice John Roberts and Supreme Court Justice Elena Kagan applauded retired Supreme Court Justice Stephen Brier (sitting) while President Joe Biden paid tribute to him during a speech on the state of the Union

“Tonight I would like to honor someone who has dedicated his life to serving this country: Judge Stephen Brier, a veteran of the military, a constitutional scholar and a retired judge of the United States Supreme Court. Judge Brier, thank you for your service, “Biden said.

Brier put his hand on his heart as his colleagues in the Supreme Court and members of Congress applauded him.

RIGHT TO VOTE

Biden called on the Senate to pass a package of bills on the right to vote, which has already been passed by the House of Representatives but is stalled in the upper house.

“The most fundamental right in America is the right to vote – and to be counted. And it’s under attack, “he said. “New laws have been passed state after state not only to suppress the vote, but also to undermine entire elections.”

He called on the Senate to pass bills – the Freedom of Vote Act, the John Lewis Promoting Voting Act and the Disclosure Act – “so Americans can know who is funding our election.”

COSTS OF PRESCRIPTION MEDICINES

Biden also urged Congress to pass legislation to reduce the cost of prescription drugs, specifically mentioning the high cost of insulin.

Insulin is a drug that many Americans are familiar with because 1 in 10 Americans has diabetes. This is something Biden has been referring to over and over again when arguing for cheaper drugs.

Biden introduced 13-year-old Joshua Davis, who has diabetes and has spoken to Biden before at events over the cost of prescription drugs. Davis and his mother sat in Jill Biden’s box.

Jill Biden addresses 13-year-old Joshua Davis when President Biden mentions him during the State of the Union Address

Jill Biden addresses 13-year-old Joshua Davis when President Biden mentions him during the State of the Union Address

The second gentleman, Doug Emhoff, pats Joshua

The second gentleman, Doug Emhoff, pats Joshua

The president said insulin production costs $ 10 per vial, but pharmaceutical companies charge up to 30 times more.

“For Joshua and 200,000 other young people with type 1 diabetes, let’s limit the price of insulin to $ 35 a month so everyone can afford it,” he said.

He also noted that Monday is Joshua’s birthday and wished him a happy return.

Biden tries to boost his troubled agenda as Manchin sits with Republicans Read More »

Exxon is abandoning its latest oil and gas project in Russia

President Joe Biden speaks as he addresses the Russian invasion of Ukraine from the Eastern Room of the White House on Thursday, February 24, 2022, in Washington, DC
President Joe Biden speaks as he addresses the Russian invasion of Ukraine from the Eastern Room of the White House on Thursday, February 24, 2022, in Washington, DC (Brendan Smialowski / AFP / Getty Images)

White House Chief of Staff Ron Klein declined to say on Tuesday whether US President Joe Biden would announce any “concrete military steps” against Russia in tonight’s address on the state of the Union, he told CNN’s Wolf Blitzer in an interview with Biden. stressed, “what he has gathered, which is an unprecedented coalition – NATO plus our partners from the EU, the UK, Canada, Australia, Japan – to do two things: provide all kinds of aid … and also come together with unprecedented sanctions against a country as big as Russia.

“So what you’re going to hear the president talk about tonight is this coalition that he helped bring together, he’s leading the assembly,” Klein told Wolf, “along with the next steps to tighten sanctions against the oligarchs.” supporting Putin, who are benefiting from the Putin regime, and the next steps to obtain humanitarian and military aid for Ukrainians.

Klein also declined to assess Putin’s mental state, saying only to CNN that Putin “has done something he has not done to such an extent before, launching a completely unprovoked unwarranted invasion of a country as large and significant as Ukraine.” “.

Earlier on Tuesday, CNN reported that the US intelligence community has made assessing the state of mind of Russian President Vladimir Putin a top priority in recent days as it seeks to determine how this affects its response to Ukraine’s rapidly escalating crisis. , according to two sources familiar with the effort.

Klein cited sanctions already in place after Russia’s invasion of Ukraine, saying Biden’s actions had already garnered praise from both allies and political opponents.

“It’s hard to impose sanctions on a country as big as Russia, it’s hard to get everyone together, and I think that’s why you see both Democrats and Republicans, including people who weren’t big fans of Joe before. “Biden said this effort, this global effort to punish Putin and his regime, is tougher and stronger than they expected,” he said.

Follow our live coverage of Biden’s address on the state of the Union here.

Exxon is abandoning its latest oil and gas project in Russia Read More »

Last war in Ukraine: Boeing suspends major Russian operations, support for Russian airlines

Oil has surpassed the $ 100 threshold, and Asian stocks sold out on Wednesday after Russia stepped up attacks on Ukraine’s largest cities and adopted more aggressive tactics.

Brent crude, the international benchmark, rose 4.4 percent to a seven-year high of $ 109.59 a barrel at the start of Asian trade, while the US marker West Texas Intermediate rose 4.7 percent to $ 108.29.

The latest oil gains, which have left Brent nearly 16 percent higher since Russian President Vladimir Putin launched the invasion, came as Russia stepped up its bombing of Ukraine’s largest cities.

Sanctions imposed on Russia by Western countries seek to avoid the energy sector, but nevertheless fuel instability in global markets due to fears of supply disruptions. But US energy group ExxonMobil said on Tuesday it would leave Russian oil and gas operations, marking the latest corporate exit in response to the invasion.

Joe Biden has also come under increasing pressure to ban Russian oil imports, with Republicans and Democrats calling on the US president to sever energy ties with the Kremlin. In a speech on the state of the Union on Tuesday, Biden voiced support for sanctions against Russia, but stressed that price control was his “highest priority”.

“The Russia-Ukraine conflict is likely to continue to dominate markets for the foreseeable future,” said Robert Carnell, head of Asia-Pacific research at ING. “Yesterday’s announcement that Russia will not pay coupons to foreign holders on its national debt should push investors even further to safe havens.

In Asian markets, the stock sold off, driven by a 1.7% drop for the Japanese benchmark Topix. China’s CSI 300 index of shares registered in Shanghai and Shenzhen fell 1%, while Hong Kong’s Hang Seng index fell 0.6%.

The decline followed a sharp decline on Wall Street, where both the S&P 500 and the technology-focused Nasdaq Composite fell 1.6%. Futures hit the S&P 500 up 0.1 percent on Wednesday, while the Euro Stoxx 50 was set to fall 0.1 percent after ending a 2.4 percent down on Tuesday.

In government bond markets, the yield on US bonds stabilized after a rally on Tuesday as investors sought refuge to mitigate the fall in stock prices. Yields on 10-year US government securities rose 0.03 percentage points to 1.7565 after falling nearly 0.1 percentage points in the previous session.

In foreign currencies, the ruble has stabilized at around 108 against the dollar after a criminal crash this week, leaving it almost 30% lower since the invasion began.

Last war in Ukraine: Boeing suspends major Russian operations, support for Russian airlines Read More »

Cindy Crawford twins with daughter Kaya Gerber and reunites with other 90s supermodels in Paris

Cindy Crawford twins with daughter Kaya Gerber and reunites with other supermodels of the 1990s Naomi Campbell and Helena Christensen in photos from Paris Fashion Week










Cindy Crawford twinned with the clothes of her daughter Kaya Gerber when they went to Paris during Fashion Week.

The 56-year-old supermodel from the 1990s included many photos with Kaya on her latest Instagram album, captioning “Paris Postcards”.

During an excursion, the couple matched their long brown coats, black shoes and black shades and walked together through the picturesque streets of the city.

Hello, beautiful: Cindy Crawford twinned with the clothes of her daughter Kaya Gerber when they went to Paris during Fashion Week

Hello, beautiful: Cindy Crawford twinned with the clothes of her daughter Kaya Gerber when they went to Paris during Fashion Week

Of course, while in the fashion capital, the two models also had work to do, including a show for the Off-White line, founded by the late Virgil Ablo.

Cindy’s album included photos that were apparently taken behind the scenes of Virgil Ablo’s show, with her and Kaya already in their outfits on the track.

Going back, Cindy wore the logo of Life, a magazine that enjoyed its heyday from the 1930s to the 1970s, but is no longer published regularly.

Globetrotting: The 56-year-old supermodel from the 1990s included many photos with Kaya on his latest Instagram album, captioning it:

Globetrotting: The 56-year-old supermodel from the 1990s included many photos with Kaya on his latest Instagram album, captioning it: “Postcards from Paris”

Departure: During an excursion the couple combines their long tan coats, black shoes and black shades and walks together through the picturesque streets of the city

Departure: During an excursion, the couple matched their long brown coats, black shoes and black shades and walked together through the picturesque streets of the city.

Ready to go: Of course, while in the fashion capital, both models also had jobs, including a show for the Off-White line, founded by the late Virgil Ablo.

Ready to go: Of course, while in the fashion capital, both models also had jobs, including a show for the Off-White line, founded by the late Virgil Ablo.

Together again: While behind the scenes of the show, Cindy had to reunite with her 90's supermodel colleague Naomi Campbell, who also stepped on the catwalk

Together again: While behind the scenes of the show, Cindy had to reunite with her 90’s supermodel colleague Naomi Campbell, who also stepped on the catwalk

While behind the scenes of the show, Cindy had to reunite with her 90s supermodel colleague Naomi Campbell, who also stepped on the catwalk.

Cindy posed with another 90s supermodel, Helena Christensen, as well as today’s young model Gigi Hadid.

The photo was obviously quite a stellar affair, as Cindy and Kaya were also photographed mingling with tennis legend Serena Williams.

Trio: Cindy also poses with another 90s supermodel Helena Christensen, as well as today's young model Gigi Hadid

Trio: Cindy also poses with another 90s supermodel Helena Christensen, as well as today’s young model Gigi Hadid

All in all: The photos were obviously quite a stellar affair, as Cindy and Kaya were also filmed mingling with tennis legend Serena Williams.

All in all: The photos were obviously quite a stellar affair, as Cindy and Kaya were also filmed mingling with tennis legend Serena Williams.

Wow: When not working, Cindy was able to find time for sightseeing, capturing great views of the Eiffel Tower as she toured the city.

Wow: When not working, Cindy was able to find time for sightseeing, capturing great views of the Eiffel Tower as she toured the city.

When not working, Cindy was able to find time for sightseeing, capturing great views of the Eiffel Tower as she walked around the city.

She treated her more than six million followers to a photo of some of the famous architecture of the Ottoman city, as evidenced by what looked like her hotel room.

Cindy also threw a bit of maternal pride into the album by clicking a photo of an outdoor Celine commercial featuring Kaia.

Experience: She treated her over six million followers to a photo of some of Hausman's famous urban architecture, as seen in what looked like her hotel room.

Experience: She treated her over six million followers to a photo of some of Hausman’s famous urban architecture, as seen in what looked like her hotel room.

So sweet: Cindy also threw a little motherly pride into the album by clicking a photo of Celine's outdoor commercial starring Kaia

So sweet: Cindy also threw a little motherly pride into the album by clicking a photo of Celine’s outdoor commercial starring Kaia

Cindy Crawford twins with daughter Kaya Gerber and reunites with other 90s supermodels in Paris Read More »

Bengals intend to support the “real deal” Joe Barrow



LVI Super Bowl - Los Angeles Rams vs. Cincinnati Bengals

Getty Images

The Bengals have a quarterback franchise, already one of the best in the league. With this luxury comes responsibility and the Bengalis seem to realize it.

“He’s the real deal,” Duke Tobin, director of the Bengals team, said on Tuesday about Joe Burrow, via ESPN.com’s Ben Baby. “Our job, as I said when we elected him, is to support him in the best way we can. This league is for quarterbacks. And when you have one, you have to support it in the best way you can. “

Amen to that. And Burrow’s support means not only putting better players around him (especially offensive linemen), but also convincing those players to play for the Bengals. The appeal of the game with Burrow, no matter how strong, will only get this far. At one point, Bengalis will have to change the way they do business, starting with a full payment guarantee after the first year of the veteran’s contract.

“I know what the story is,” coach Zach Taylor told reporters on ESPN.com. “Understood. We do not want our quarterback to be fired or hit like him. At the same time, the other side is that these guys did a lot of great things for us. ”

He is right, but they did not do enough to win the Super Bowl, largely because the offensive line could not prevent Rams’ defensive line from creating chaos at key moments of the match. So, although the line was not a significant enough obligation to prevent the team from winning the AFC, this was definitely the reason (if not the reason) for the Bengals failing to bring their first Lombardi Trophy.



Bengals intend to support the “real deal” Joe Barrow Read More »