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Sabtu, 01 Februari 2020

Roku and Fox strike a last-minute deal to keep Super Bowl-streaming apps working - The Verge

For a moment, it looked Roku owners would be losing the highest-quality way to stream the Super Bowl for free, when the set-top box maker announced Thursday that it would abruptly pull Fox’s apps off the platform a day ahead of the game. But that won’t actually be happening.

Late Friday, Roku and Fox announced that they’ve reached a new agreement that will ensure the Fox apps keep on working without pause — and they’ll be restored to the Roku app store this weekend ahead of the game, Roku tells The Verge.

“We are delighted that we reached an agreement with FOX to distribute FOX channels on the Roku platform. Roku customers can stream the Super Bowl through FOX Now, Fox Sports and NFL in addition to other ways,” reads a statement from Roku.

“We are pleased to have reached a successful agreement with Roku. FOX’s leading suite of apps will continue to be available on the Roku platform,” reads a parallel statement from Fox.

Remember when we reported Thursday how the Roku icon had disappeared from Fox’s Super Bowl landing page? It’s back again, too — as if nothing ever happened.

As we’ve reported, the entire standoff was a heated carriage dispute playing out in the public realm, with each side hoping its customers would get angry enough at the other party to convince them to stand down. While Roku tried to convince customers to watch the game through other apps (like NFL, Fubo TV, Sling TV, and Xfinity), Fox poured on even more pressure on Friday by getting Fox News hosts like Sean Hannity and Laura Ingraham to rile up their audiences directly. We’ve definitely seen tweets from angry owners threatening to ditch their Roku.

Got a tip for us? Use SecureDrop or Signal to securely send messages and files to The Verge without revealing your identity.

It’s not clear who started the fight, or who gave in at the end. While each side blamed the other for pulling the channels down to begin with, neither Roku nor Fox would share any proof of that with The Verge. Nor are they sharing details of the new agreement now, though we’re hoping maybe some of those details eventually float our way.

But the situation did seem suspiciously similar to a tactic mentioned in a Bloomberg report this past December about how “Roku executives will threaten to cancel a channel if its owner doesn’t give Roku a larger cut of ad sales,” and we’re quite curious if Roku got its way. Roku holds a lot of power as the most popular streaming platform in the US, but then again so does Fox as the exclusive presenter of Super Bowl LIV.

Either way, we’ve now seen that over-the-top streaming platforms like Roku may be no better than a cable box in one key way: they can still hold subscribers hostage if there’s extra money to be made.

Roku’s true identity as a cable box that works over the internet revealed and not just an open platform for streaming apps coming through at the worst possible time: https://t.co/Ysb6w9O439
— nilay patel (@reckless) January 31, 2020

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2020-02-01 07:08:13Z
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Jumat, 31 Januari 2020

Dow Jones Plunges 600 Points As US Calls Coronavirus National Emergency - Investor's Business Daily

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Dow Jones Plunges 600 Points As US Calls Coronavirus National Emergency Investor's Business Daily
Stock market news live: Stocks walloped by rising coronavirus cases, which near 10K Yahoo Finance
Dow falls 600 points, capping turbulent week for stocks as coronavirus fears escalate CNN
Stocks drop amid uncertainty over virus impact; Amazon soars WHEC
S&P 500 opens lower on virus concerns, Amazon supports Nasdaq Yahoo Finance
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2020-01-31 21:15:00Z
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Dow Jones Dives 550 Points In Stock Market Rout As Coronavirus Cases Soar - Investor's Business Daily

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Dow Jones Dives 550 Points In Stock Market Rout As Coronavirus Cases Soar Investor's Business Daily
Dow plummets 600 points in worst day since August as coronavirus fears grow CNBC
Dow falls 600 points, capping turbulent week for stocks as coronavirus fears escalate CNN
Global stocks slide on coronavirus and growth fears Financial Times
Dow closes down 600 points on rising virus fears msnNOW
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Amazon blows past a $1 trillion valuation after topping analysts' earnings expectations (AMZN) - Business Insider

jeff bezos Amy Harris/AP Photos

Amazon shares soared as much as 11% in early Friday trading, driving the company's market valuation above $1 trillion for the first time since July.
The company announced fourth-quarter figures after Thursday's close, topping estimates for revenue and earnings.
Amazon Web Services continued to see revenue growth slow quarter-over-quarter, but net sales beat expectations.
CEO Jeff Bezos said the company had more than 150 million Prime members around the world. Less than two years ago, Amazon announced it had 100 million global members.
Watch Amazon trade live here.
Visit Business Insider's homepage for more stories.

Amazon shares tore as much as 11% higher in early Friday trading, pushing the company's market valuation above $1 trillion for the first time since July.

The e-commerce giant announced fourth-quarter financials after the market closed on Thursday, beating expectations for revenue and profit. Amazon Web Services, a rapidly growing revenue stream for the firm, also topped estimates despite a continued slowdown in sales growth.

The results showed that heavy investments in AWS, Prime one-day shipping, and its retail footprint were beginning to pay off after years of squeezed margins. The company said it spent $1.5 billion less than expected in the fourth quarter because of shipping efficiencies, though the new one-day service boosted total shipping costs to $12.9 billion, up 43% year-over-year.

"We are getting more efficient both in our transportation and delivery methods and also in our warehouses," Chief Financial Officer Brian Olsavsky said in a call with analysts.

Here are the key figures:

Revenue: $87.4 billion, versus the $86.2 billion estimate
Earnings per share: $6.47, versus the $4.11 estimate
Operating income: $3.88 billion, versus the $2.75 billion estimate
AWS net sales: $9.95 billion, versus the $9.89 billion estimate

"Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world," founder and CEO Jeff Bezos said in the report. Less than two years ago, the company said it had 100 million Prime members worldwide.

Amazon first jumped above the $1 trillion threshold in early September 2018, becoming the second company to achieve the feat, after Apple. Shares dropped through the rest of the year before hitting the market-cap milestone again in July, though the company's valuation didn't stay above the lofty level for long.

The only other companies trading with valuations above $1 trillion are Apple, Microsoft, and Saudi Aramco.

The earnings beat followed a less enthusiastically received third-quarter report. Amazon topped estimates for revenue but fell below hopes for quarterly profits when it reported earnings on October 24. The profit miss drove Amazon shares as much as 8.6% lower in after-hours trading.

Amazon closed at $1,870.68 per share on Thursday, up about 1.3% year-to-date.

The company has 53 "buy" ratings, four "hold" ratings, and no "sell" ratings, with a consensus price target of $2417.03, according to Bloomberg data.

Now read more markets coverage from Markets Insider and Business Insider:

'Trampled by a Tesla Semi': Tesla's post-earnings spike burns $1.5 billion of short bets in a single day

A 'comeback story for the ages': Here's what 4 analysts are saying about Tesla's 4th-quarter earnings win

Private-equity execs are calling lawyers to ask about activist strategies after KKR's splashy stake in Dave & Buster's

Markets Insider

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2020-01-31 15:06:11Z
CAIiELYXqhCBDX6hPM8Dht2ZaBcqLQgEKiUIACIbd3d3LmJ1c2luZXNzaW5zaWRlci5jb20vc2FpKgQICjAMMJD-CQ

Consumer spending posts modest gain in December as inflation accelerates - MarketWatch

Consumers are spending enough to keep the U.S. economy growing for a record 11th straight year.

The numbers: U.S. consumer spending rose modestly in December to cap off a decent holiday shopping season, but the increase in outlays in 2019 was the smallest in three years.

A key measure of inflation, meanwhile, accelerated to the highest rate of the year, though it’s still quite low.

Consumer spending increased 0.3% last month, the government said Friday, matching the MarketWatch forecast. Incomes rose a smaller 0.2%.

That’s a big turnaround from last year, when consumer spending slumped almost 1% amid a partial government and brief worries about the threat of recession.

The rate of inflation also picked up, however. The PCE inflation index rose 0.3% last month, marking the biggest increase since last April.

The yearly rate of inflation also rose to a one-year high of 1.6%, though it’s still below the Federal Reserve’s 2% target.

Read: Economy grows 2.1% in fourth quarter. GDP gets boost from falling trade deficit

What happened: Americans spent more on prescription drugs and health care in December. They spent less on new cars and trucks and utilities during a warmer than usual month.

Income growth, for its part, was depressed by a big decline in the earnings of farmers, part of which reflected lower government subsidies.

A separate measure of inflation that strips away food and energy, known as core PCE, rose 0.2% in December. They yearly rate edged up to 1.6% from 1.5%.

The savings rate dipped to 7.6% from 7.8%, but Americans saved the most in 2019 in seven years.

Read: Economic hit from coronavirus likely to be short lived, but it’s still ‘a little scary, frankly

Also: The Fed is keeping a close eye on the ‘serious’ coronavirus

Big picture: The longest running economic expansion in U.S. history has been fueled by steady consumer spending, but there’s a limit to how much Americans can spend. Consumer incomes and spending rose in 2019 at the slowest pace in three years.

Many economists predict spending will slow a bit more this year because wage growth has flattened out.

Inflation, meanwhile, is still quite low despite a recent uptick. Most economists estimate inflation will rise to around 2% in 2020 but probably not go much higher.

If they’re right, the Fed is unlikely to raise interest rates this year. Low rates should give a further boost to consumer spending and the broader economy.

Read: These states had the lowest unemployment rates in 2019. What about swing states?

Market reaction:The Dow Jones Industrial Average DJIA, +0.43% and S&P 500 SPX, +0.31% were set to open lower again in Friday trades. Stocks had been trading at records earlier in the month until the outbreak of the coronavirus in China.

The 10-year Treasury yield TMUBMUSD10Y, -2.06% slipped to 1.56%. Investors have sought the perceived safety of government bonds.

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2020-01-31 13:32:00Z
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Here’s the daring way Europe’s largest fund manager is reacting to the coronavirus outbreak - MarketWatch

There is considerable debate whether to “buy the dip” or not as financial markets react to the coronavirus outbreak.

Amundi Asset Management, Europe’s largest fund manager with €1.45 trillion ($1.6 trillion) in assets under management, is taking it one step further, and saying it sees opportunities in emerging market equities.

“Unless the ‘elevated uncertainty’ is able to derail the global economy into a shock—which is not our scenario now—excessive downward setbacks in prices could provide entry points for asset classes with attractive valuations and good fundamentals. In particular, we see selective opportunities in EM [emerging market] equity given the reacceleration of earnings growth, attractive valuations and the prospect of a weaker U.S. dollar DXY, -0.11%. The short-term issue due to the Chinese situation is an opportunity to add to this asset class, barring any disruption to the global outlook,” said Pascal Blanqué, Amundi’s chief investment officer.

In particular, the firm is recommending emerging markets that are relatively insulated from the virus and can benefit from either strong domestic demand or the continuing shift in the value chain.

“For example, we expect strong growth to remain in Vietnam, activity to slightly rebound in Indonesia and, the Singapore economy to benefit from stabilization and the eventual pickup of industrial production and global trade,” he wrote. On China, Amundi recommended being more cautious on vulnerable sectors such as hospitality and aviation, as well as tourism-related companies sensitive to Chinese demand.

Also see: Mark Mobius says he’s boosting emerging-market bets

The buzz

The State Department warned Americans not to travel to China in the wake of the coronavirus, even as the World Health Organization said there was no need to cut off travel. The U.K. reported its first two cases.

The technology sector was in focus on two major stories. Amazon AMZN, +0.68% was on track toward a $1 trillion valuation after reporting a $3.3 billion quarterly profit on stronger-than-forecast holiday sales. IBM IBM, -0.67% announced Ginni Rometty’s eight-year run as chief executive will end and that she’ll be replaced by Arvind Krishna, who currently runs the cloud division.

Reynolds Consumer Products REYN, +0.00% said late on Thursday it priced its initial public offering at $26 a share, raising $1.2 billion. World Wrestling Entertainment WWE, +2.23% may stumble after the resignation of its two co-presidents.

Oil giants Exxon Mobil XOM, +1.06% and Chevron CVX, +0.93% both reported stronger-than-expected.

A wave of U.S. data showed steady wage growth and spending that slightly outpaced income. Chinese PMI data didn’t disappoint, though the survey period was largely before the spread of the coronavirus. South Korean and Japanese industrial production improved, while the eurozone economy barely grew in the final three months of the year.

On the political front, the U.K. officially exits the European Union on Friday night, though the relationship will be largely unchanged until the end of the year. The remaining drama from the impeachment trial ended on Thursday night as Sen. Lamar Alexander said he opposes calling witnesses, likely sealing a quick end.

The markets

U.S. stock futures ES00, -0.39% declined on Friday, after three consecutive gains for the Dow Jones Industrial Average DJIA, +0.43%.

Gold GC00, -0.31% edged lower while crude oil CL.1, +0.33% inched up.

Asian stocks ADOW, -0.28% rose and European stocks SXXP, -0.28% fell.

Random reads

The 2011 thriller Contagion has surged into the iTunes Top 10 U.K. movie rental chart because of the coronavirus.

Sweet home, Alabama—suddenly, the Yellowhammer state is near the top of the rankings for incoming U-Haul trucks.

Neil Young compared the MacBook Pro’s audio capabilities to Fisher-Price’s.

Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. Be sure to check the Need to Know item. The emailed version will be sent out at about 7:30 a.m. Eastern.

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2020-01-31 12:18:00Z
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Here’s the daring way Europe’s largest fund manager is reacting to the coronavirus outbreak - MarketWatch

There is considerable debate whether to “buy the dip” or not as financial markets react to the coronavirus outbreak.

“Unless the ‘elevated uncertainty’ is able to derail the global economy into a shock—which is not our scenario now—excessive downward setbacks in prices could provide entry points for asset classes with attractive valuations and good fundamentals. In particular, we see selective opportunities in EM [emerging market] equity given the reacceleration of earnings growth, attractive valuations and the prospect of a weaker U.S. dollar DXY, -0.10%. The short-term issue due to the Chinese situation is an opportunity to add to this asset class, barring any disruption to the global outlook,” said Pascal Blanqué, Amundi’s chief investment officer.

In particular, the firm is recommending emerging markets that are relatively insulated from the virus and can benefit from either strong domestic demand or the continuing shift in the value chain.

Also see: Mark Mobius says he’s boosting emerging-market bets

The buzz

Oil giants Exxon Mobil XOM, +1.06% and Chevron CVX, +0.93% report results.

The economics calendar features the employment cost index, personal income and Chicago purchasing managers index data. Chinese PMI data didn’t disappoint, though the survey period was largely before the spread of the coronavirus. South Korean and Japanese industrial production improved, while the eurozone economy barely grew in the final three months of the year.

The markets

U.S. stock futures ES00, -0.33% declined on Friday, after three consecutive gains for the Dow Jones Industrial Average DJIA, +0.43%.

Gold GC00, -0.32% edged lower while crude oil CL.1, +0.86% inched up.

Asian stocks ADOW, -0.31% rose and European stocks SXXP, -0.29% fell.

Random reads

The 2011 thriller Contagion has surged into the iTunes Top 10 U.K. movie rental chart because of the coronavirus.

Sweet home, Alabama—suddenly, the Yellowhammer state is near the top of the rankings for incoming U-Haul trucks.

Neil Young compared the MacBook Pro’s audio capabilities to Fisher-Price’s.

Follow MarketWatch on Twitter, Instagram, Facebook.

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