Tag Archives: busy

Jack Black Says ‘I’m Ready’ for a ‘School of Rock’ Sequel, but Mike White Needs to Write It and ‘He’s Real Busy Right Now’ With ‘The White Lotus’ – Variety

  1. Jack Black Says ‘I’m Ready’ for a ‘School of Rock’ Sequel, but Mike White Needs to Write It and ‘He’s Real Busy Right Now’ With ‘The White Lotus’ Variety
  2. Jack Black Says He’s “Ready” to Make ‘School of Rock’ Sequel Hollywood Reporter
  3. Jack Black wants a ‘School of Rock’ sequel — but ‘White Lotus’ is getting in the way New York Post
  4. Jack Black Says He’s ‘Ready’ to Make a School of Rock Sequel over 20 Years After the Original PEOPLE
  5. Jack Black says he’s “ready” and wishing for School Of Rock 2 The A.V. Club

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Ah, nuts! Viewers call out ‘Wheel of Fortune’ for awarding an incorrect answer, and more from a busy night of game shows – Yahoo Entertainment

  1. Ah, nuts! Viewers call out ‘Wheel of Fortune’ for awarding an incorrect answer, and more from a busy night of game shows Yahoo Entertainment
  2. Wheel of Fortune fans accuse Pat Sajak of ‘unfairly’ rewarding contestant on puzzle she ‘didn’t say correct… The US Sun
  3. Pat Sajak bluntly tells ‘Wheel of Fortune’ contestant he didn’t have ‘any chance’ at winning New York Post
  4. Pat Sajak tells ‘Wheel of Fortune’ contestant he didn’t have ‘any chance’ at winning $75,000 Bonus Round Toronto Sun
  5. This ‘Wheel of Fortune’ Contestant Left Pat Sajak In Shock After Guessing This Impossible Puzzle Decider
  6. View Full Coverage on Google News

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“Your Fight Is Our Fight”: John Leguizamo, Busy Philipps, Tony Kushner and Unions Show Solidarity With WGA – Hollywood Reporter

  1. “Your Fight Is Our Fight”: John Leguizamo, Busy Philipps, Tony Kushner and Unions Show Solidarity With WGA Hollywood Reporter
  2. Dispatches From The Picket Lines, Day 22: 30 Rock Protest Draws Big Names & Huge Crowds In NYC Deadline
  3. Busy Philipps, Cynthia Nixon and Wanda Sykes join Writers Guild strike at Rockefeller Center Daily Mail
  4. Busy Philipps, Al Franken, Ilana Glazer and other stars turn out to support writers strike Gothamist
  5. Dispatches From The WGA Picket Lines, Day 21: ‘American Horror Story’ Targeted In NY As LA Sparks Court Jersey Day Outside WBD Deadline
  6. View Full Coverage on Google News

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Stock futures fall ahead of busy week of earnings, Fed meeting

Stock futures traded lower on Monday morning as investors geared up for a week of key corporate earnings and a possible interest rate hike from the Federal Reserve.

Futures tied to the Dow Jones Industrial Average slipped 178 points, or about 0.52%. S&P 500 futures ticked down 0.76%, and Nasdaq 100 futures dropped by 1.1%.

Wall Street is coming off a winning week as the stock market’s January rally continued. The Nasdaq Composite gained 4.3% for the week, while the S&P 500 and Dow added 2.5% and 1.8%, respectively.

There are several tests this week for this 2023 rally. A busy stretch of corporate earnings season includes reports from McDonald’s and General Motors on Tuesday followed by tech giants Apple, Meta Platforms, Amazon and Alphabet later in the week.

The Federal Open Market Committee meets on Tuesday and Wednesday, when the Fed is expected to hike rates by one-quarter of a percentage point. Investors will be looking for clues about how much higher the central bank will take rates in the fight against inflation.

“Inflation has shocked the Fed to the upside; they need to be cautious not to inadvertently lower rates too early. Don’t buy into this gobbledygook about a couple of rate cuts being priced into December. For now, the Fed is only around to help in the very unlikely event of a crash landing,” David Zervos, chief market strategist at Jefferies, said in a note to clients.

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2023 will be another busy year for NASA and the space industry

One of the most high-profile moments will come, though, when NASA announces the members of the first crew to return to the moon since the Apollo program. In the interview, Nelson, the NASA administrator, said he hopes that will resonate with the American public as much as when NASA announced the Mercury 7, its first crew of astronauts, which included icons such as John Glenn and Alan Shepard, who became celebrities overnight.

“Remember back what it was like when the original seven were introduced and they became household names,” Nelson said. “Their personal lives were brought out, as were their families, and I think America is ready for that again.”

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Chinese hospitals, funeral homes ‘extremely busy’ as COVID spreads unchecked

  • Hospitals, funeral parlours report surge in COVID infections
  • China reports three new COVID deaths for Tuesday
  • Some countries consider travel rules for Chinese visitors

CHENGDU, Dec 28 (Reuters) – Chinese hospitals and funeral homes were under intense pressure on Wednesday as a surging COVID-19 wave drained resources, while the scale of the outbreak and doubts over official data prompted some countries to consider new travel rules on Chinese visitors.

In an abrupt change of policy, China this month began dismantling the world’s strictest COVID regime of lockdowns and extensive testing, putting its battered economy on course for a complete re-opening next year.

The lifting of restrictions, which came after widespread protests against them, means COVID is spreading largely unchecked and likely infecting millions of people a day, according to some international health experts.

The speed at which China, the last major country in the world moving towards treating the virus as endemic, has scrapped COVID rules has left its fragile health system overwhelmed.

China reported three new COVID-related deaths for Tuesday, up from one for Monday – numbers that are inconsistent with what funeral parlours are reporting, as well as with the experience of much less populous countries after they re-opened.

Staff at Huaxi, a big hospital in the southwestern city of Chengdu, said they were “extremely busy” caring for COVID patients.

“I’ve been doing this job for 30 years and this is the busiest I have ever known it,” said one ambulance driver outside the hospital who declined to be identified.

There were long queues inside and outside the hospital’s emergency department and at an adjacent fever clinic on Tuesday evening. Most of those arriving in ambulances were given oxygen to help with their breathing.

“Almost all of the patients have COVID,” one emergency department pharmacy staff member said.

The hospital has no stocks of COVID-specific medicine and can only provide drugs for symptoms such as coughing, she said.

Car parks around the Dongjiao funeral home, one of the biggest in Chengdu, were full. Funeral processions were constant as smoke billowed from the crematorium.

“We have to do this about 200 times a day now,” said one funerals worker. “We are so busy we don’t even have time to eat. This has been the case since the opening up. Before it was around 30-50 a day.”

“Many have died from COVID,” said another worker.

At another Chengdu crematorium, privately-owned Nanling, staff were equally busy.

“There have been so many deaths from COVID lately,” one worker said. “Cremation slots are all fully booked. You can’t get one until the new year, maybe Jan. 3 at the earliest.”

China has said it only counts deaths of COVID patients caused by pneumonia and respiratory failure as COVID-related.

Zhang Yuhua, an official at the Beijing Chaoyang Hospital, said most recent patients were elderly and critically ill with underlying diseases. She said the number of patients receiving emergency care had increased to 450-550 per day, from about 100 before, according to state media.

The China-Japan Friendship Hospital’s fever clinic in Beijing was also “packed” with gray-haired patients, state media reported.

Nurses and doctors have been asked to work while sick and retired medical workers in rural communities were being rehired to help. Some cities have been struggling to secure supplies of anti-fever drugs.

TRAVEL RULES

In a major step towards freer travel, China will stop requiring inbound travellers to go into quarantine from Jan. 8, authorities said this week, prompting many Chinese, cut off from the world for so long, to check travel platforms.

But while online searches for flights spiked on Tuesday from extremely low levels, residents and travel agencies suggested a return to anything like normal would take some months yet, as caution prevails for now.

Moreover, some governments were considering extra travel requirements for Chinese visitors.

U.S. officials cited “the lack of transparent data” as reasons for doing so.

India and Japan would require a negative COVID test for travellers from mainland China, with those testing positive in Japan having to undergo a week in quarantine. Tokyo also plans to limit airlines increasing flights to China.

The Philippines was also considering imposing tests”.

ECONOMIC PAIN

China’s $17 trillion economy is expected to suffer a slowdown in factory output and domestic consumption as workers and shoppers fall ill.

News of re-opening borders sent global luxury stocks higher, but the reaction was more muted in other corners of the market.

U.S. carmaker Tesla (TSLA.O) plans to run a reduced production schedule at its Shanghai plant in January, according to an internal schedule reviewed by Reuters. It did not specify a reason.

Once the initial shock of new infections passes, some economists expect Chinese growth to bounce back with a vengeance from what is this year expected to be its lowest rate in nearly half a century, somewhere around 3%.

Morgan Stanley economists expect 5.4% growth in 2023, while those at Goldman Sachs see 5.2%.

Reporting by Marting Quin Pollard in Chengdu, Chen Lin in Singapore and Shanghai and Beijing bureaus; Writing by Marius Zaharia; Editing by Lincoln Feast.

Our Standards: The Thomson Reuters Trust Principles.

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Deadly blast rocks busy area in central Istanbul | News

DEVELOPING STORY,

Eleven people reportedly wounded in a blast on Istiklal Avenue, a pedestrian thoroughfare in Turkey’s biggest city.

An explosion on Istanbul’s popular pedestrian Istiklal Avenue has left people dead and injured, a senior official has said.

Istanbul Governor Ali Yerlikaya tweeted that the explosion occurred at about 4:20 pm (13:20 GMT) on Sunday and that there were deaths and injuries, but he did not say how many. The cause of the explosion was not clear.

“There are strong suspicions that this was a suicide bomb, but we don’t have any official statement yet [on that],” Al Jazeera’s Sinem Koseoglu said from Istanbul.

Broadcaster CNN Turk said in an early report that 11 people were injured.

A video posted online showed flames erupting and a loud bang, as pedestrians turned and ran away.

Other footage showed ambulances, fire trucks and police at the scene. Social media users said shops were shuttered and the avenue closed down.

The avenue is a crowded thoroughfare popular with tourists and locals, lined by shops and restaurants.

Ambulances and security on Istiklal Avenue in Istanbul [Kemal Aslan/Reuters]

Turkey was hit by a string of deadly bombings between 2015 and 2017 by ISIL (ISIS) and by the outlawed Kurdistan Workers’ Party (PKK).

Al Jazeera’s Koseoglu said the explosion comes as a shock, as there have not been any recent warnings over attacks in the city.

“But security measures have remained high in the area,” she said.

More to follow.



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Apple, Amazon, McDonald’s Headline Busy Earnings Week

Amazon.

com Inc.,

Apple Inc.

and

Meta Platforms Inc.

are among the tech heavyweights featured in a packed week of earnings that investors will probe for indicators about the broader economy.

Other tech companies scheduled to report their latest quarterly reports include Google parent company

Alphabet Inc.

and

Microsoft Corp.

Investors also will hear from airlines such as

Southwest Airlines Co.

and

JetBlue Airways Corp.

, automotive companies

General Motors Co.

and

Ford Motor Co.

, and energy giants

Chevron Corp.

and

Exxon

Mobil Corp.

Nearly a third of the S&P 500, or 161 companies, are slated to report earnings in the coming week, according to FactSet. Twelve bellwethers from the Dow Jones Industrial Average, including

Boeing Co.

and

McDonald’s

Corp., are expected to report as well.

The flurry of results from a broad set of companies will give a sense of how businesses are faring as they deal with inflation denting consumer spending, ongoing supply-chain challenges and a stronger dollar.

People awaited the release of Apple’s latest iPhones in New York last month. The company will report quarterly results on Thursday afternoon.



Photo:

ANDREW KELLY/REUTERS

One area holding up to the challenges has been travel. Several airline companies have reported that consumers still have an appetite to spend on trips and vacations. On Friday,

American Express Co.

raised its outlook for the year in part because of a surge in travel spending.

“We expected the recovery in travel spending to be a tailwind for us, but the strength of the rebound has exceeded our expectations throughout the year,” American Express Chief Executive

Stephen Squeri

said.

In addition to airlines reporting, companies such as car-rental company

Hertz Global Holdings Inc.

and lodging companies

Hilton Worldwide Holdings Inc.

and

Wyndham Hotels & Resorts Inc.

will offer reads into leisure spending.

Overall, earnings for the S&P 500 companies are on track to rise 1.5% this period compared with a year ago, while revenue is projected to grow 8.5%, FactSet said.

Other companies will serve as a gauge for how consumers have responded to higher prices and whether they have altered their spending as a result.

Coca-Cola Co.

and

Kimberly-Clark Corp.

on Tuesday and

Kraft Heinz Co.

on Wednesday will show how consumers are digesting higher prices.

Mattel Inc.,

set to report on Tuesday, will highlight whether demand for toys remains resilient. Rival

Hasbro Inc.

issued a warning ahead of the holiday season.

United Parcel Service Inc.

will release its results on Tuesday and provide an opportunity to show how it is faring ahead of the busy shipping season. The Atlanta-based carrier’s earnings come weeks after rival

FedEx Corp.

warned of a looming global recession and outlined plans to raise shipping rates across most of its services in January to contend with a global slowdown in business.

Results from credit-card companies

Visa Inc.

and

Mastercard Inc.

will offer insights into whether inflation has finally put a dent in consumer spending after both companies reported resilient numbers last quarter.

Wireless carrier

T-Mobile US Inc.’s

numbers on Thursday will give more context to mixed results from competitors

Verizon Communications Inc.

and

AT&T Inc.

AT&T

issued an upbeat outlook on Thursday after its core wireless business exceeded the company’s expectations, whereas Verizon on Friday said earnings tumbled as retail customers balked at recent price increases.

Other notable companies lined up to report include

Chipotle Mexican Grill Inc.

on Tuesday, chicken giant

Pilgrim’s Pride Corp.

on Wednesday and chip maker

Intel Corp.

on Thursday.

Write to Denny Jacob at denny.jacob@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Wall Street ends busy post-summer session in the red

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  • ISM services sector data beats estimates
  • Bed Bath & Beyond shares sink after CFO’s death
  • Wall St coming off three straight week of declines
  • Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74%

NEW YORK, Sept 6 (Reuters) – Wall Street’s main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading.

A survey from the Institute for Supply Management (ISM) showed the U.S. services industry picked up in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased. read more

However, numbers from S&P Global showed the services sector Purchasing Managers’ Index fell short of flash estimates for August.

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A stronger-than-expected reading on the U.S. services sector fueled expectations that the Federal Reserve will keep raising interest rates to tame inflation.

“The Fed has relegated us to being very data dependent, so every piece of information that comes out investors are going to look not only at the absolute level, but try to infer what that means for when the Fed meets,” said Carol Schleif, deputy chief investment officer at BMO Family Office.

“One of the things that is disconcerting to investors is that there’s really little to propel markets either up solidly or down solidly,” she added.

Concerns over the supply of energy to Europe and how COVID-19 lockdowns will impact China’s economy also drove markets down on Tuesday, said Shawn Cruz, head trading strategist at TD Ameritrade. “A lot of uncertainty and volatility is not coming from the U.S.; it’s actually coming from overseas.”

The tech-heavy Nasdaq (.IXIC) suffered its seventh consecutive day of losses, its longest losing streak since November 2016.

Rate-sensitive shares of Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) fell about 1% as benchmark U.S. Treasury yields rose to their highest levels since June. Apple Inc (AAPL.O), which will launch new iPhones next Wednesday, lost 0.8.

Traders see a 74% chance of a third consecutive 75-basis-point rate hike at the Fed’s policy meeting later this month, according to CME’s FedWatch Tool.

The focus will be on Fed Chair Jerome Powell’s speech on Thursday as well U.S. consumer price data next week for clues on the path of monetary policy.

Markets started September on a weak note, extending a slide that started at the end of August, as hawkish comments from Fed policymakers and data signaling U.S. economicmomentum raised fears of aggressive interest rate hikes.

The S&P is down nearly 18% so far this year, while the Nasdaq has shed over 26% as rising interest rates hurt megacap technology and growth stocks.

Among the major S&P sectors, energy (.SPNY) and communication services (.SPLRCL) were the worst performers, while defensive utilities (.SPLRCU) and real estate (.SPLRCR) rose.

The Dow Jones Industrial Average (.DJI) fell 173.14 points, or 0.55%, to 31,145.3; the S&P 500 (.SPX) lost 16.07 points, or 0.41%, to 3,908.19; and the Nasdaq Composite (.IXIC) dropped 85.96 points, or 0.74%, to 11,544.91.

The CBOE Volatility index (.VIX), known as Wall Street’s fear gauge, touched a near two-month high of 27.80 before closing at 26.91.

Bed Bath & Beyond Inc (BBBY.O) tumbled 18.4% after Chief Financial Officer Gustavo Arnal fell to his death from New York’s Tribeca skyscraper. read more

Digital World Acquisition Corp (DWAC.O) fell 11.4% after Reuters reported the blank-check acquisition firm that had agreed to merge with former U.S. President Donald Trump’s social media company failed to secure enough shareholder support for an extension to complete the deal.

Volume on U.S. exchanges was 10.71 billion shares, compared with the 10.46 billion average for the full session over the last 20 trading days.

Declining issues outnumbered advancers on the NYSE by a 2.46-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored decliners.

The S&P 500 posted no new 52-week highs and 29 new lows; the Nasdaq Composite recorded 19 new highs and 317 new lows.

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Reporting by Carolina Mandl, in New York, and additional reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Saumyadeb Chakrabarty, Maju Samuel and Richard Chang

Our Standards: The Thomson Reuters Trust Principles.

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Stocks rise amid busy week of inflation data

U.S. stocks opened higher Monday as investors approached the final stretch of earnings season and braced for a busy week of inflation data.

The S&P 500 climbed 0.5% after the benchmark index logged three straight weeks of gains despite modest losses on Friday. The Dow Jones Industrial Average added 180 points, or 0.6%, and the tech-heavy Nasdaq Composite advanced 0.3%.

The moves come after stocks finished mixed in Friday’s session after a blowout employment report showed the U.S. economy added twice as many jobs in July as expected. The Labor Department reported nonfarm payrolls rose by 528,000 last month, renewing worries the Federal Reserve may proceed with aggressive interest rate hikes to slow demand and drive down inflation.

“It likely signals reduced risk of a near-term recession, but, in our view, increases the risk of a hard landing over time given that strong data means the Fed has more work to do,” economists at Bank of America led by Michael Gapen said in a note Friday.

The bank also upwardly revised its projections for rate increases by an additional 25 basis points, calling for 50 basis point bumps in both September and November and 25 basis points in December.

NEW YORK, NEW YORK – JULY 25: People walk outside of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Stocks rose slightly in morning trading as investors weigh the upcoming Federal Reserve meeting this coming Wednesday. (Photo by Spencer Platt/Getty Images)

Investors are in for three big inflation readings this week: the all-important Consumer Price Index (CPI), the Producer Price Index (PPI), and unit labor costs, a measure of all wages paid to employees.

The closely-watched CPI index for July due out Wednesday is expected to show a slight moderation from last month’s reading, mainly helped by lower gas prices. The figure, however, is still expected to show inflation climbing at the highest pace in four decades.

Economists surveyed by Bloomberg forecast the broadest measure of CPI rose by 8.7% in July, a number that would mark a slight cooldown from 9.1% in June. Over the month, CPI is expected to show an increase of 0.2%, up from 1.3% last month.

The earnings season is winding down, with roughly 87% of the companies in the S&P 500 having reported actual results for the second quarter year-to-date. But more big reports are stil set for release, with earnings from names including Disney, (DIS), Coinbase (COIN), Tyson Foods (TSN), and Rivian Automotive (RIVN) on tap this week.

Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc

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