Tag Archives: Week

Entertainment

Fendi show sees Demi Moore, Kate Moss and Moss’ daughter Lila walk the runway at Paris Fashion Week

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With familiar faces and a few surprises, there was a whole lot of star power at this year’s Paris Fashion Week.

Demi Moore hit the catwalk once again on Tuesday — this time modeling for Fendi’s spring/summer 2021 collection — stunning the audience with a plunging off-the-shoulder silk suit and wide-leg trousers. Completing the look was a pair of chest-length earrings and her signature black hair pulled back to show off the extravagance of her jewelry.

Moore’s Paris Fashion Week appearance comes off the heels of her November appearance at Rihanna’s Savage X Fenty lingerie fashion show.

The 58-year-old made jaws drop at the time by rocking the “Savage Not Sorry” black lace thong teddy, as well as the “Commitment Issues” fishnet bodystocking that were paired with glittering diamonds. The star also opted for sleek tresses and a dark, smoky eye with berry lips.

Demi Moore, left, Kate Moss, center, and Lila Moss, right, all hit the runway at Paris Fashion Week.
(STEPHANE DE SAKUTIN/AFP via Getty Images)

DEMI MOORE POSTS THROWBACK PHOTO WITH EX-HUSBAND BRUCE WILLIS FROM 1987 EMMY AWARDS

Meanwhile, also dropping jaws, was the mother-daughter duo of Kate Moss, 47, and Lila Moss, 18, at Paris Fashion Week, marking their first appearance together on the runway.

Lila rocked the Fendi catwalk with an off-white bodysuit and knee-high boots. She completed the look with a gown adorned in pearl beads and a matching headpiece.

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Kate then followed her daughter up, dressed in an embellished teal gown and earrings, much akin to Moore’s, that dropped down to her chest.

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Lila made her runway debut at Miu Miu’s spring 2021 show at Paris Fashion Week in October, commanding the catwalk with three different looks.

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Sports

Power Rankings, Week 6: Jazz, Sixers enter Top 5 as first quarter of the season comes to a close

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Donovan Mitchell and the Jazz are riding an 8-game win streak to begin the week.

It’s Week 6, the time where we hit the halfway mark of the first-half schedule (on Wednesday) and when 25% of the full, 1,080-game, 2020-21 schedule will have been played. That will be Friday, unless several more games are postponed.

The quarter pole is usually when teams can make a real determination of where they stand. But things are obviously different this season. Not only have there been postponements and extended absences due to the coronavirus, but this is the first season of the new play-in rules.

So instead of drawing just one line after the top eight teams in each conference, we have to imagine two lines: one that separates the top six from the rest of the group, and another for the play-in teams from seventh to 10th place. That makes everything more cloudy, especially in the East, where the defending conference champs currently sit in 13th place at 6-9. Only five East teams have winning records and those 13th-place Miami Heat are just a game and a half behind the sixth-place Cleveland Cavaliers.

The situation in the West is a little more clear and perhaps a lot more sobering for the 5-10, 14th-place New Orleans Pelicans. Where things are really interesting is at the top, where the LA Clippers, Los Angeles Lakers and Utah Jazz all have just four losses.

Those three teams lead this week’s rankings, with the champs remaining at the top for the sixth straight week after a big win in Milwaukee. They’ll play the other two teams at the top of the East standings this week, while the Jazz will have a few big games within the conference.

Plus-Minus Players of the Week

Teams of the Week

  • Make It Last Forever: Philadelphia (3-0) — The Sixers are 9-0 when they’ve had both Seth Curry and Joel Embiid available, and the Lakers are coming to town.
  • Something Just Ain’t Right: New Orleans (0-3) — The Pelicans lost two games to the red-hot Jazz, but they finished their six-game trip with a loss in Minnesota, trailing by as many as 18 points to a team that was 3-11 and missing its two former All-Stars.

East vs. West

Schedule Strength through Week 5

  • Toughest: 1. Charlotte, 2. Oklahoma City, 3. Memphis
  • Easiest: 1. Orlando, 2. Philadelphia, 3. Atlanta
  • Schedule strength is based on cumulative opponent record, and adjusted for home vs. away and days of rest before a game.

Movement in the Rankings

  • High jumps of the week: Denver (+6), Five teams (+5)
  • Free falls of the week: New Orleans (-9), Phoenix (-6), Three teams (-4)

Week 6 Team to Watch

  • Dallas — The ninth-place Mavs should be getting some bodies back this week as they face the most important stretch of their first-half schedule. They host the Nuggets on Monday before heading out for a pair of games in Utah on Wednesday and Friday. Then they’re back home for two games against the Suns on Saturday and next Monday.

Previous Power Rankings

Stats Key

Pace: Possessions per 48 minutes (League Rank)
OffRtg: Points scored per 100 possessions (League Rank)
DefRtg: Points allowed per 100 possessions (League Rank)
NetRtg: Point differential per 100 possessions (League Rank)

The league has averaged 100.7 possessions (per team) per 48 minutes and 109.8 points scored per 100 possessions this season.

NBA.com’s Power Rankings, released every Monday during the season, are just one man’s opinion. If you have an issue with the rankings, or have a question or comment for John Schuhmann, send him an e-mail or contact him via Twitter.



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Business

Apple, Tesla and Facebook ready to report record sales in busiest week of earnings

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U.S. companies have barely managed to eke out positive earnings growth so far in this quarterly results season, but the big test arrives in the week ahead.

Nearly a quarter of the S&P 500
SPX,
-0.30%
is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.

Earnings are expected to decline for the fourth consecutive quarter once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.

The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago. If profit growth for the S&P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.

Apple Inc.
AAPL,
+1.61%
and Facebook Inc.
FB,
+0.60%
are among the highlights of next week’s slate, along with Tesla Inc.
TSLA,
+0.20%,
which will deliver results for the first time since it became a member of the S&P 500. All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.

The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever and its first ever total above $100 billion. The technology giant likely also continued to see benefits from remote-work and remote-schooling trends, which have driven strong iPad and Mac sales throughout the COVID-19 crisis.

Full preview: Get ready for Apple’s first $100 billion quarter in history

Facebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to “continued usage fatigue” across social media as well as a “conversation skewed towards unmonetizable political events.”

Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutiny

Tesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations, and all eyes will be on the company’s outlook for 2021. RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla’s last earnings call that an analyst was “not far off” for expecting 840,000 to a million deliveries during 2021.

Full preview: Can Tesla’s sales growth match stock’s rise?

Here’s what else to watch for in the week ahead, which brings reports from 117 members of the S&P 500 and 13 Dow Jones Industrial Average
DJIA,
-0.57%
components.

Up in the air

Boeing Co.’s
BA,
-0.76%
journey remains turbulent even as the company’s 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, “the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,” according to Benchmark Company analyst Josh Sullivan.

Boeing’s Wednesday morning report will offer perspective on the company’s recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.

The fourth-quarter reports from U.S. airlines have been bleak so far, and American Airlines Group Inc.
AAL,
-0.06%
and Southwest Airlines Co.
LUV,
-0.80%
offer more on Thursday morning.

Can you hear me now?

Verizon Communications Inc.
VZ,
+0.35%
leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&T Inc.
T,
+0.35%
Wednesday morning and Comcast Corp.
CMCSA,
-0.92%
Thursday morning.

For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results. Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven’t been made public yet, the auction drove record spending and AT&T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies’ financial positioning.

Full preview: AT&T earnings to kick off a defining year for telecom giant

AT&T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates given theater closures, and the financial implications of these moves will be worth watching.

Paying up

The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of Visa Inc.
V,
-1.52%,
Mastercard Inc.
MA,
-1.63%,
and American Express Co.
AXP,
-1.01%,
which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.

Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: “does anyone really care about Q4 2020?” Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest “positive trends ahead” for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.

The chip saga continues

Advanced Micro Devices Inc.
AMD,
+1.38%
is poised to keep benefiting from Intel Corp.’s
INTC,
-9.29%
stumbles, which analysts expect to last for some time even as Intel prepares for a new, technology-oriented chief executive to take the helm.

“We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,” Jefferies analyst Mark Lipacis wrote after Intel’s latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.

Full preview: If Intel gets its act together, can AMD maintain swollen valuation?

Other chip makers reporting in the week ahead include Texas Instruments Inc.
TXN,
-1.31%
on Tuesday afternoon; Xilinx Inc.
XLNX,
+1.26%,
which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp.
LRCX,
-0.06%
; and Western Digital Corp.
WDC,
-5.23%
on Thursday afternoon.

Busy week for the Dow

Among the 13 members of the Dow Jones Industrial Average
DJIA,
-0.57%
set to report this week are 3M Co
MMM,
-0.96%.
, Johnson & Johnson
JNJ,
+1.13%,
American Express, Verizon, and Microsoft Corp.
MSFT,
+0.44%,
all of which report Tuesday.

“Near term, we see the company’s COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,” J.P. Morgan analyst Chris Schott wrote of Johnson & Johnson.

Cowen & Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.

Full preview: SolarWinds hack may actually be a good thing for Microsoft

Wednesday brings results from Boeing and Apple, while Thursday features McDonald’s Corp.
MCD,
-0.07%,
Dow Inc.
DOW,
-0.10%,
and Visa. Honeywell International Inc.
HON,
-1.45%,
Chevron Corp.
CVX,
-0.30%,
and Caterpillar Inc.
CAT,
-0.13%
round out the week Friday morning.

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US

Trump impeachment trial to begin week of Feb. 8

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WASHINGTON (AP) — Opening arguments in the Senate impeachment trial for Donald Trump over the Capitol riot will begin the week of Feb. 8, the first time a former president will face such charges after leaving office.

Senate Majority Leader Chuck Schumer announced the schedule Friday evening after reaching an agreement with Republicans, who had pushed for a delay to give Trump a chance to organize his legal team and prepare a defense on the sole charge of incitement of insurrection.

The February start date also allows the Senate more time to confirm President Joe Biden’s Cabinet nominations and consider his proposed $1.9 trillion COVID relief package — top priorities of the new White House agenda that could become stalled during trial proceedings.

“We all want to put this awful chapter in our nation’s history behind us,” Schumer said about the deadly Jan. 6 Capitol siege by a mob of pro-Trump supporters.

“But healing and unity will only come if there is truth and accountability. And that is what this trial will provide.”

House Speaker Nancy Pelosi will send the article of impeachment late Monday, with senators sworn in as jurors Tuesday. But opening arguments will move to February.

Trump’s impeachment trial would be the first of a U.S. president no longer in office, an undertaking that his Senate Republican allies argue is pointless, and potentially even unconstitutional. Democrats say they have to hold Trump to account, even as they pursue Biden’s legislative priorities, because of the gravity of what took place — a violent attack on the U.S. Congress aimed at overturning an election.

If Trump is convicted, the Senate could vote to bar him from holding office ever again, potentially upending his chances for a political comeback.

The urgency for Democrats to hold Trump responsible was complicated by the need to put Biden’s government in place and start quick work on his coronavirus aid package.

“The more time we have to get up and running … the better,” Biden said Friday in brief comments to reporters.

Republicans were eager to delay the trial, putting distance between the shocking events of the siege and the votes that will test their loyalty to the former president who still commands voters’ attention.

Negotiations between Schumer and Senate Minority Leader Mitch McConnell were complicated, as the two are also in talks over a power-sharing agreement for the Senate, which is split 50-50 but in Democratic control because Vice President Kamala Harris serves as a tie-breaking vote.

McConnell had proposed delaying the start and welcomed the agreement.

“Republicans set out to ensure the Senate’s next steps will respect former President Trump’s rights and due process, the institution of the Senate, and the office of the presidency,” said McConnell spokesman Doug Andres. “That goal has been achieved.”

Pelosi said Friday the nine House impeachment managers, or prosecutors, are “ready to begin to make their case” against Trump. Trump’s team will have had the same amount of time since the House impeachment vote to prepare, Pelosi said.

Democrats say they can move quickly through the trial, potentially with no witnesses, because lawmakers experienced the insurrection first-hand.

One of the managers, California Rep. Ted Lieu, said Friday that Democrats would rather be working on policy right now, but “we can’t just ignore” what happened on Jan. 6.

“This was an attack on our Capitol by a violent mob,” Lieu said in an interview with The Associated Press. “It was an attack on our nation instigated by our commander in chief. We have to address that and make sure it never happens again.”

Trump, who told his supporters to “fight like hell” just before they invaded the Capitol two weeks ago and interrupted the electoral vote count, is still assembling his legal team.

White House press secretary Jen Psaki on Friday deferred to Congress on timing for the trial and would not say whether Biden thinks Trump should be convicted. But she said lawmakers can simultaneously discuss and have hearings on Biden’s coronavirus relief package.

“We don’t think it can be delayed or it can wait, so they’re going to have to find a path forward,” Psaki said of the virus aid. “He’s confident they can do that.”

Democrats would need the support of at least 17 Republicans to convict Trump, a high bar. While most Republican senators condemned Trump’s actions that day, far fewer appear to be ready to convict.

A handful of Senate Republicans have indicated they are open — but not committed — to conviction. But most have come to Trump’s defense as it relates to impeachment, saying they believe a trial will be divisive and questioning the legality of trying a president after he has left office.

South Carolina Sen. Lindsey Graham, a close Trump ally who has been helping him find lawyers, said Friday there is “a very compelling constitutional case” on whether Trump can be impeached after his term — an assertion Democrats reject, saying there is ample legal precedent. Graham also suggested Republicans will argue Trump’s words on Jan. 6 were not legally “incitement.”

“On the facts, they’ll be able to mount a defense, so the main thing is to give him a chance to prepare and run the trial orderly, and hopefully the Senate will reject the idea of pursuing presidents after they leave office,” Graham said.

Other Republicans had stronger words, suggesting there should be no trial at all. Wyoming Sen. John Barrasso said Pelosi is sending a message to Biden that “my hatred and vitriol of Donald Trump is so strong that I will stop even you and your Cabinet from getting anything done.” Wisconsin Sen. Ron Johnson suggested Democrats are choosing “vindictiveness” over national security as Biden attempts to set up his government.

McConnell, who said this week that Trump “provoked” his supporters before the riot, has not said how he will vote. He said Senate Republicans “strongly believe we need a full and fair process where the former president can mount a defense and the Senate can properly consider the factual, legal and constitutional questions.”

Trump, the first president to be impeached twice, is at a disadvantage compared with his first impeachment trial, in which he had the full resources of the White House counsel’s office to defend him. Graham helped Trump hire South Carolina attorney Butch Bowers after members of his past legal teams indicated they did not plan to join the new effort.

___

Associated Press writers Aamer Madhani in Washington, Meg Kinnard in Columbia, South Carolina, and Jill Colvin in West Palm Beach, Florida, contributed to this report.

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Business

Stock futures fall after record week

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Axios markets editor Dion Rabouin provides insight into the winners and losers in the ‘Biden market.’

U.S. equity futures were trading lower the day after the S&P 500 and Nasdaq notched record closes.

The major futures indexes suggested a decline of 0.7% when the opening bell rings.

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Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia.

The Nikkei 225 in Tokyo sank 0.4%, the Hang Seng in Hong Kong fell 1.6% and China’s Shanghai Composite Index lost 0.4%.

In Europe, London’s FTSE was off 0.9%, Germany’s DAX fell 0.9% and France’s CAC declined 1.3%.

The big number in the U.S. that traders will be watching will be existing home sales for December. The National Association of Realtors was expected to say that sales of previously owned homes slipped 2% month-over-month to a seasonally adjusted annual rate of 6.55 million units, down from 6.69 million in November.

HOUSING MARKET STAYS TIGHT AS HOMEOWNERS STAY PUT

The first week of earnings season wraps up Friday morning with a trio of financial names reporting: Ally Financial, Regions Financial and Huntington Bancshares.

Other companies reporting will be energy equipment and services giant Schlumberger, and railroad Kansas City Southern.

IBM shares are down more than 7% in the premarket after saying the company expects to return to revenue growth this year, after reporting lower sales every quarter in 2020. In the latest quarter, IBM’s revenue fell to $20.37 billion from $21.78 billion a year earlier. Fourth-quarter profit fell to $1.36 billion, or $1.51 a share. On an adjusted basis profit from continuing operations was $2.07 a share.

Intel shares are under pressure, down more than 4% in the premarket. The company reported record annual sales and fourth-quarter results topped expectations, but the company plans to outsource some chip production.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 31176.01 -12.37 -0.04%
SP500 S&P 500 3853.07 +1.22 +0.03%
I:COMP NASDAQ COMPOSITE INDEX 13530.914939 +73.67 +0.55%

On Thursday, the benchmark S&P 500 index ended up less than 0.1% at 3,853.07 and the Dow Jones Industrial Average lost less than 0.1% to 31,176.01.

The tech-heavy Nasdaq composite climbed 0.6% to 13,530.91 after traders bid up shares in Big Tech stocks, including Apple, Amazon and Facebook. That helped outweigh losses in energy, bank and other stocks.

Stocks have risen on optimism the rollout of vaccines developed by U.S., European and Chinese drug companies would allow economies to return to normal.

BIDEN’S $1.9T CORONAVIRUS RELIEF PACKAGE ‘GOOD STEP’: ECONOMIST MARK ZANDI

Markets also have been encouraged by the inauguration of President Biden, who has proposed a $1.9 trillion economic aid package, including $1,400 cash payments for most Americans.

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Benchmark U.S. crude lost $1.32 to $51.78 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents on Thursday to $53.13. Brent crude, the price standard for international oils, shed $1.23 to $54.86 per barrel in London. It rose 2 cents the previous session to $56.10 a barrel.

The Associated Press contributed to this report.

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Science

SpaceX readies for 2nd launch this week with ridesharing mission

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CAPE CANAVERAL, Fla. – After successfully launching its own payload from Florida earlier this week, SpaceX is preparing another Falcon 9 rocket to liftoff with satellites from several customers, including DARPA, NASA and more of its own Starlink satellites.

The SpaceX rideshare mission includes government and private customer payloads as well as a dozen smaller nanosatellites. The rocket will lift off from Cape Canaveral Space Force Station Launch Complex 40. The launch window opens at Saturday at 9:40 a.m. It was delayed from Friday morning.

The mission, known as Transporter-1, also includes a somewhat last-minute addition of 10 Starlink satellites, after receiving Federal Communications Commission approval earlier this month to include those.

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According to the 45th Space Wing forecast, the current concern for the launch window will be thick cloud cover. Space Force forecasters are giving the launch window a 60% chance of favorable weather. A front will be bringing showers to the Space Coast Saturday morning.

After launch, the Falcon 9 will head south toward polar orbit, a rare trajectory sending the rocket down Florida’s coast. Due to the unusual path SpaceX’s droneship, Of Course I Still Love You, won’t be north of the launch site waiting to catch the rocket booster but due south in the Atlantic Ocean.

Earlier in the week, another Falcon 9 launched 60 Starlink internet-beaming satellites from Cape Canaveral Space Force Station. The successful delivery to low-Earth orbit was the 17th batch part of SpaceX’s constellation designed to provide global internet to even remote areas of the world. There were nearly 1,000 Starlink satellites already in orbit.

SpaceX plans to continue to grow that constellation this year with launches every other week.

Meanwhile in Texas, SpaceX teams are working toward another test flight of the company’s interplanetary spaceship undergoing development at the Boca Chica site. The most recent flight of Starship wowed online viewers all over the world when the spaceship prototype launched, performed an aerial flip and came down for an explosive landing.

This weekend’s launch will mark the third for SpaceX this year.

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