Media Navel Gaze: November 9, 2015
The US employment report showed strength in the economy and made a Fed rate hike more likely with non-farm payroll up 271,000, with prior month revised upward and the jobless rate falling to 5.0 percent. What's more, hourly earnings rose at a 2.5 percent rate, the best since 2009. The Dow rallied some 1.4 percent for the week to end Friday at 17,910.
- The Keystone pipeline was rejected by the White House after a hard fight from the energy industry;
- Amazon opened an all brick, no click old-fashioned bookstore in Seattle called Amazon Books, kinda quaint nowadays;
- China and Taiwan meet, a first in over six decades;
- A bomb is expected to have caused a Russian jetliner to crash over Egypt, raising terrorism fears;
- Bitcoin rallied;
- Jon Stewart quits again, retirement this time for a new production gig on HBO that will include digital shorts and perhaps movies;
- Vice gets its own cable channel called Viceland with Spike Jonze as creative director; and
- VW increased damage from its emissions problems by another $2 billion
- Twenty-eight people were injured and at least two have died after a dam in Minas Gerais, Brazil, burst. The area, known as Samarco, was operated via a partnership between BHP Billiton and Vale, the latter of which saw its share price tumble by over 7% following the incident.
- Mexican consumer confidence rose 0.6% in October, gaining back about half of the decrease seen in September.
- Consultancy Economía & Regiones projects Argentina's 2015 commercial surplus to come in at U$1.7 billion, the lowest in 15 years.
- Uruguayan household credit growth registered this month at its lowest level since the metric has been tracked. The 1.1% increase was a sharp drop from the 5.5% increase at this time last year.