Media Navel Gaze: November 3, 2014
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.
- 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.