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Media Navel Gaze: November 3, 2014

Mark Kollar  Follow

The Week Unpeeled

Ebola and ISIS seemed to move below the fold last week with the economy and markets regaining attention after the Bank of Japan announced a surprise stimulus move that made stocks look attractive and sent the Dow to record highs, with blue chips climbing 3.5% to end on Friday at 17,390, a record close.

Elsewhere:

  • However, the Fed said it would end its bond-purchase program (no more easy money), also known as QE2, but debate continues on just what will happen next amid big sign of a strengthening economy;
  • No surprise then that US GDP showed an 3.5% increase in the third quarter;
  • Gas prices continued to fall to around a national average of $3.00 per gallon;
  • A Virgin Galactic space craft came apart in a test flight killing a pilot and putting on hold Justin Bieber's trip (yup, he's on the wait list);
  • Apple is talking about selling products in Iran, or Iran;
  • In other Apple news, Tim Cook came out in Bloomberg Businessweek in a move that received front-page coverage most places commenting on the resonance of the announcement with Goldman Sachs CEO Blankfein calling him the Chief Executive of the Fortune One. End of Story

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