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Cramer warns bank stocks need to be valued entirely different now

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NewsHubThe stock market finally turned a new leaf on Friday, and Jim Cramer says bank stocks can now be valued based on earnings.
That might seem obvious to some, but it has been a long time since actual earnings were taken into account for bank stocks.
« Bank stocks can now be valued not on net interest margins, or book values, or loan losses and Justice Department fines, but earnings … they are the cheapest stocks in the market, » the  » Mad Money  » host said.
Investors remembered that banking is actually a good business on Friday, when they rewarded those shares with big gains after reporting, even after many of the gains were repealed by an oil-related pullback.
JPMorgan reported an 11 percent deposit growth and 14 percent core loan growth, yet the stock sells at just 12 times earnings.
Bank of America has also had strong loan and deposit growth, along with the lowest percentage of loan losses in the bank’s history.
Even after scandal, Wells Fargo still had 6 percent deposit growth.
Under President-elect Donald Trump « … I think there will be a recognition that the banks have too much capital and they need to be allowed to dividend more of it to their shareholders or make more home loans, » Cramer said.
Cramer also expects compliance expenses to peak, and automation to replace expensive people who examine the paperwork.
Ultimately, with banks now valued on earnings, the « cheapest stocks in the market » could have a big run ahead of them.
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© Source: http://www.cnbc.com/2017/01/13/cramer-warns-bank-stocks-need-to-be-valued-entirely-different-now.html
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The nagging Trump rally question on every investor's mind has been answered

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NewsHubJPMorgan chairman and CEO Jamie Dimon said on Friday he is comforted by a Trump administration. He’s not the only one who should feel that way.
The nagging question on the tip of every investor’s tongue is whether or not the Trump stock market rally had gone too far, too fast. The market has been flat since mid- December. But after seeing the earnings reports from our nation’s biggest banks on Friday, the answer is no. And the feeling of relief to those who follow financial markets closely is difficult to overstate.
Why? Bank stocks have led the rally since last November’s presidential election, going from unloved by investors to becoming anchor positions in many a portfolio. After years of suffering the indignity of massive fines, increased regulatory oversight and receiving the blame for the Great Recession, bank stocks have replaced consumer staples and utilities as the must-own stocks.
Ask any market veteran if they think it is a positive when banks lead rallies, they’ll say yes, in unison. Simply put, when banks lead a stock market rally, it is an indicator that loan demand is rising, that business is percolating and that the economy is on firmer footing. It’s also the go-to investment choice if one believes interest rates are heading higher. Banks make more money on their net interest margin, meaning they make more money on their massive customer deposits.
But today was the moment of truth for the Trump rally because JPMorgan, Bank of America and scandal-plagued Wells Fargo reported quarterly earnings for the first time since the election. Investors were worried these banks wouldn’t be able to live up to their elevated expectations.
JPMorgan takes the title as the best beat on both earnings and revenues and otherwise, a squeaky clean quarter from the nation’s biggest bank. Bank of America beat the bottom line, with a small miss on the top line and an optimistic forecast going forward. Wells Fargo had a tough quarter, but based on how the stock is performing today, investors are obviously pleased that it didn’t do worse in spite of its recent scandal. JPMorgan and Bank of America touched new 52-week highs on Friday.
Additionally, the quarterly reports from the aforementioned banks corroborate other glowing news on the economy. Consumer sentiment, holiday sales, wage growth and automobile sales have been either elevated or improving as of late. Yet interest rates and inflation remain historically low. This is about as Goldilocks for investors as it gets.
No one could, or should, rule out future stock market volatility, which has always been a normal occurrence. But if you view banks as the economy’s canary in the coalmine, as I do, then you’ve got some pretty darn healthy canaries. Stop doubting the rally. It’s the real deal.

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© Source: http://www.cnbc.com/2017/01/13/bank-earnings-prove-that-the-trump-market-rally-is-the-real-deal.html
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An Oscars Tradition Dies, But Why Not Announce the Nominees in Primetime?

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NewsHubEarlier this week at the American Society of Cinematographers’ nominees announcement luncheon, a publicist friend tipped me off to the fact that the Academy of Motion Picture Arts and Sciences was planning on something different with its own nominations reveal this year. She didn’t know what it was, but she said someone had suggested she not bother getting up early on Tuesday, Jan. 24, to trek it over to the Academy’s offices on Wilshire Boulevard for the annual gathering of publicists and journalists.
Now we know what that was all about .
The Academy announced Friday that it will forgo the assembled audience and instead reveal the nominations through its “own production,” airing on a global live stream and through local broadcasters, including ABC’s “Good Morning America.”
My friend was bummed out, and it’s understandable why. For many, nomination morning is their summit. That cheering and applause you often hear when unexpected names are called — that’s the hard-working publicists who played a big part in pulling it off. Those kinds of moments can put this behind-the-curtain aspect of the season out in front, and who knows, perhaps that’s part of the Academy’s thinking; the organization has always maintained that it would prefer campaigning be minimized (despite offering the single greatest opportunity of the season to do so).
Nevertheless, some are feeling left out.
“You have taken away what I have always tried to explain to people as being the cherry on the top of my awards season sundae,” wrote Dorothea Sargent, an awards consultant and publicist since 2003, in an open letter to the Academy on her Facebook page. Comparing the tradition to waiting on Broadway reviews to roll in at Sardi’s in New York, she continued: “Nomination morning means more to me than the actual awards ceremony. I see it as a place to gather with this crazy band of publicists and consultants I call my colleagues. I use it to measure my performance and question if I did or didn’t do enough, what worked, what didn’t worked, was there more I could have done.”
Oscars Make Slight Changes to Nominations Announcement
For others, though, Friday’s announcement is a reprieve. Nomination morning is an early day for them that begins well before the 5:30am PT announcement, after all.
“I feel like I can sleep another hour and a half instead of waking up at three o’clock, so selfishly, I’m pretty excited about it,” another consultant told me. “You don’t sleep the night before, because you’re so nervous, and the morning comes and you’re like, ‘Oh God, I have to do this.’ But you get there and I don’t know, there’s something about the community. But I guess I can get to the office quicker and start rolling calls, so it’s a time saver.”
One member of the Academy’s public relations branch told me he had been suggesting this for years, as the event is “costly to stage: elevator guys, security guys, all-nighter, etc.”
Others, meanwhile, noted that doing things this way allows AMPAS brass to dodge immediate, sometimes difficult questions. Last year, for instance, Academy president Cheryl Boone Isaacs was besieged by queries about the #OscarsSoWhite scandal, which came to quite a head with films like “Beasts of No Nation,” “Creed” and “Straight Outta Compton” missing key nominations.
However, for the Academy, this could — or at least should — be the first step toward something bigger. The Oscar nominations announcement has been a missed revenue opportunity for quite some time. What is keeping it from being a primetime special like the Grammys or professional sports drafts, heavily promoted, hosted, and with advertising (non-endemic, probably) sold against it?
The reason for an early morning reveal has always been to capitalize on the day’s news cycle, but it’s sort of an old school mentality, and you’ll obviously get that out of a night time special. Everyone will certainly be talking about the nominees the next morning.
I’m not a programming head, so I don’t know what that would mean to the bottom line, and an Academy rep told me there are no plans for such a thing at this moment. And sure, the Academy wants a global audience. But I think it’s something worth exploring, rather than just giving “Good Morning America” a ratings shot in the arm.
For now, though, a beloved tradition is gone.
“I have often said that even if I won the lottery I would continue to do what I do because I love doing it and because I love that dark January morning I spend every year on Wilshire Boulevard,” Sargent said in her letter. “You have taken that away and I am saddened.”

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© Source: http://variety.com/2017/film/in-contention/academy-oscar-nominations-tradition-primetime-1201960493/
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'Fatal Attraction' TV Series Dead at Fox

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The Fatal Attraction limited series is not moving forward — at least not at Fox.
Sources tell The Hollywood Reporter that the reboot of the iconic feature film had trouble casting — Megan Fox and Jenna Dewan Tatum both are said to have passed — as rights issues also may have been a problem.
First put in development in July 2015, Mad Men alums Maria and Andre Jacquemetton penned the script — which insiders say did not come out well. Paramount Television, whose film arm distributed the 1987 film starring Michael Douglas and Glenn Close, produced. The drama may be shopped elsewhere, though if it does move forward, sources say it would not be called Fatal Attraction. Should it have been picked up at Fox, sources say the title would have been changed to Obsession.
The project, which received a script commitment at the time, was being eyed as a short-order event series — but with the potential to continue for a second season. Stanley R. Jaffe and Anonymous Content’s Rosalie Swedlin were on board as exec producers. Fox president of entertainment David Madden developed and supervised the movie — which scored six Oscar nominations — when he was an exec at Paramount’s film studio.

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No plans to digitize Fisher in future ‘Star Wars’ films

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NewsHubLOS ANGELES — Lucasfilm, the company behind “Star Wars,” says there are no plans to digitally recreate the late Carrie Fisher to play Princess Leia in future episodes of the movie saga.
The Disney-owned Lucasfilm made the rare foray into the world of “Star Wars” speculation Friday night by issuing a statement denying rumors there were plans to digitize Fisher, who died Dec. 27.
Fisher, who reprised her role as Leia in 2015’s “Star Wars: Episode VII — The Force Awakens,” had finished shooting “Star Wars: Episode VIII,” due out next December, when she died.
But she had also been slated to appear in “Episode IX,” scheduled for release in 2019. That film is still being scripted, and the writers are deciding how to deal with Fisher’s death. ”
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© Source: https://entertainment.inquirer.net/212467/no-plans-digitize-fisher-future-star-wars-films
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Country music stars to play for Trump inauguration

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NewsHubCountry music stars will perform on the eve of the inauguration of President-elect Donald Trump in Washington.
Toby Keith and Lee Greenwood, as well as Broadway singer Jennifer Holliday, will give a concert on the steps of the famed Lincoln Memorial on Thursday.
Mr Trump will also speak at the event, on the spot where Martin Luther King made his famous I Had A Dream speech to 250,000 people in 1963.
The Republican becomes the 45th president of the US next Friday.
The evening before has been called The Make America Great Again! Welcome Celebration and it will be hosted by actor Jon Voight.
Keith is one of the most famous country music singers of the last two decades.
His song Courtesy of the Red, White and Blue (The Angry American) was a patriotic call to arms after 9/11.
Also performing:
President Barack Obama’s inaugurations featured the likes of Beyonce, Bruce Springsteen and U2.
But Mr Trump has said the swearing-in day should be about the people, not the elites.
One of his aides said this week that « soft sensuality » would be a theme.

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© Source: http://www.bbc.co.uk/news/world-us-canada-38616894
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'The Exorcist' author dead aged 89 Contact WND

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NewsHub(The Sun) The legendary horror writer who penned The Exorcist has passed away at the age of 89.
William Peter Blatty’s death was confirmed on social media by the film’s director William Friedkin this afternoon.
The writer won the Oscar in 1973 for his screenplay, based on his own book that was published in 1971 which told the story of a child possessed by a demon.
And thanks to the film’s success, the possessed child’s image has become iconic among horror fans

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© Source: http://www.wnd.com/2017/01/the-exorcist-author-dead-aged-89/
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Katie Couric Explores ‘Gender Revolution’ in New Nat Geo Trailer (Video)

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NewsHubKatie Couric explores our society’s changing understanding of gender in the new trailer for the upcoming National Geographic documentary “Gender Revolution.”
“It used to be so simple: You were a boy or a girl,” Couric says in the trailer, released on Friday. “But that was then, and this is now. As we find ourselves in the midst of a gender revolution.”
In the documentary, Couric talks with scientists, psychologists, activists, authors and families to learn more about the role of genetics, brain chemistry and modern culture on gender fluidity.
Also Read: ‘Puppies vs Gravity’ Is Cutest Thing You’ll See Today (Exclusive Video)
Executive produced by Couric, “Gender Revolution” aims to explore how the unique and diverse perspectives on traditional notions of gender are changing rapidly, and why labels are no longer so clear cut. It will be followed by a two-hour Facebook town hall moderated by Couric.
The special is produced by Katie Couric Media, World of Wonder Productions and National Geographic Studios for National Geographic.
Couric and Mitch Semel serve as executive producers for Katie Couric Media; Fenton Bailey, Randy Barbato and Jeremy Simmons serve as executive producers for World of Wonder; and Jeff Hasler and Brian Lovett serve as executive producers for National Geographic Studios. Tim Pastore, president of original programming and production, and Michael J. Miller also executive produce for National Geographic.
“Gender Revolution” premieres Monday, Feb. 6, at 9/8c on Nat Geo.
Watch the video.
Read original story Katie Couric Explores ‘Gender Revolution’ in New Nat Geo Trailer (Video) At TheWrap

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© Source: http://www.sfgate.com/entertainment/the-wrap/article/Katie-Couric-Explores-Gender-Revolution-in-10856477.php
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‘The Trend’ With Rebecca Granet: Corbin Bleu

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NewsHubNEW YORK (1010 WINS) — In this episode of “The Trend,” Rebecca Granet chats with actor, singer and dancer Corbin Bleu.
Blue, best known for his roles in the “High School Musical” film series, is currently starring on Broadway in the new Irving Berlin musical “Holiday Inn.”
“The beautiful thing about doing Broadway is as soon as you finish the show, there’s an area for people who just came to see the show to go outside and meet some of the performers. The majority of the time they loved the show and they’re having a blast,” said Bleu.
“Holiday Inn” is currently playing at Studio 54 at 254 West 54th Street.
If you can’t make it to the theater, you can watch a live stream of “Holiday Inn” Saturday, Jan 14, on BroadwayHD at 8 p.m.

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© Source: http://newyork.cbslocal.com/2017/01/13/the-trend-rebecca-granet-corbin-bleu/
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Film Review: ‘Worlds Apart’

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NewsHubIt’s been shown, on occasion, that audiences will turn out to see a movie about the post-9/11 world: a serious and inquiring drama of war, terrorism, and global culture clash. But even in an era as fraught with instability as this one, will people show up to see a movie that mirrors their economic anxieties? With rare exceptions (like “Up in the Air,” an early Hollywood responder to the 2008 meltdown that was followed by…not very much), the answer is no. That nerve is simply too raw.
Yet I can’t help but believe that a great wrenching drama that brilliantly channeled the collapse of the middle class would have the potential to strike a powerful chord with a mass audience. “ Worlds Apart ,” a small-scale drama from Greece, is like the baby-steps version of that movie. It interweaves three stories (sort of like “Babel,” though all set in one place — in this case, Athens), and it takes in the crisis of Middle Eastern refugees, but the film is most telling when it uses the disaster of Greece’s economic collapse to show us what’s really happening to people’s lives in one particularly messed-up region of the world — a region that may offer a glimpse of what’s going to start happening elsewhere.
The Greek crisis, as portrayed in “Worlds Apart,” is a perfect storm of angst and turmoil: an explosion of immigration issues like the ones bedeviling Germany, laid on top of financial meltdown, all feeding the fever of civil war. At first, the film seems like the mildest sort of message-movie fairy tale, as it zeroes in on the East-meets-West, Romeo-and-Juliet love story of Daphne (Niki Vakali), a young Greek woman, and Farris (Tawfeek Barhom), the Syrian refugee who rescues her from an assault, then notices her on a bus and rushes to befriend her. Before long, they’re flirting and holding hands and enjoying secret meetings in an abandoned airport, where Farris (along with other Syrians) has found a makeshift home.
It’s a puppy-love romance, and therefore, though sweet and convincing, it doesn’t transcend the didactic element that always creeps into these movies — that feeling of “Look! Doesn’t love make our prejudices seem petty!” What grounds the segment is the rage of Daphne’s father, Antonis (Minas Chatzisavvas), a shopkeeper who has lost his business and blames what he sees as a tidal wave of crime caused by impoverished refugees. With nothing else to do, and no outlet for his resentment, he becomes the underground bully for a violent anti-immigrant group, smashing limbs to teach lessons. And then, during a raid at the airport, he sees Daphne and her boyfriend…
At that point, the writer-director, Christopher Papakaliatis, cuts away. He has planted a seed, however, and will circle back to it. “Worlds Apart” comes on like a trio of discrete stories, but as the connections among them are revealed, each one grows a little richer. The most resonant is the second segment, which stars Papakaliatis himself as a beleaguered husband and father named Giorgos who pops anti-depressants to cope with a fraying marriage and with a corporate-management job that involves standing by as the jobs around him get axed. Watching the tears and desperation of his laid-off co-workers, which veer at one point into suicide, it’s clear that their devastation derives from their fear that they’ve slipped through the cracks — that there’s no more employment out there, just oblivion.
Giorgos, on the other hand, is hanging on. But then he falls into a coldly erotic affair with Elise (Andrea Osvart), the laser-like, amoral Swedish consultant who’s in charge of the downsizing. It’s like “Up in the Air: The Dark Side,” and Papakaliatis, as an actor, puts us in touch with the tug-of-war that’s going on inside Giorgos. Can he save his own hide and liberate himself too?
“Worlds Apart” lands in an episode that feels like dessert. It stars J. K. Simmons , who plays Sebastian, a German lonelyheart with a twinkle in his eye. Surprisingly, Simmons’ attempt at a German accent is not very good, but he looks cuddlier in a beard, and he gives an expert, soft-shoe performance that rescues what might have been a cloying encounter. Sebastian meets Maria (Maria Kavoyianni), an unhappy housewife whose family has run out of money; their courtship consists of meeting, every Friday afternoon, at the supermarket, where Sebastian buys her fruits and vegetables — a romantic gesture that might seem preposterous if it weren’t so infectiously…dystopian. These two lost souls find a communion, in an episode that suggests “Marty” as staged by late-period Fellini. And then we learn who Maria really is.
As a cinematic import, it’s doubtful that “Worlds Apart” will gain much traction. It isn’t bad, but it’s kind of a trifle. Though it treats its themes with reasonable honesty, it can’t help but come off as a bit diagrammed. Yet the movie is onto something: what happens to a society when “ordinary” life begins to get stripped away. It’s a theme you can bet we’ll be seeing a lot more of.

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© Source: http://variety.com/2017/film/reviews/worlds-apart-review-jk-simmons-1201960391/
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