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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Jan. 14, 2016)
Page 6A BUSINESS East Oregonian Thursday, January 14, 2016 Stocks plunge as a dismal start to 2016 gets worse Associated Press The dismal start to 2016 on Wall Street got a lot worse Wednesday. Stocks tumbled again on fears of a global slowdown and alarm over plummeting RLO SULFHV RI¿FLDOO\ VHQGLQJ the Standard & Poor’s 500 index into what’s known as a correction, or a drop of 10 percent or more from its peak. The Dow Jones industrial average also slumped, losing more than 300 points. 7KH GURS RYHU WKH ¿UVW eight trading days of 2016 represents the worst start to a year in the history of both the S&P 500 and the Dow. “At the very core of this, there’s a bull-bear debate,” said Quincy Krosby, market strategist at Prudential Finan- cial. The question, she said, is whether the economy is strong enough to justify how high stock prices are. Chinatopix via AP Investors check stock prices near an electronic board at a brokerage house in Fuyang in central China on Monday The rocky start to the year UHÀHFWVPRXQWLQJZRUULHVRQ Wall Street about the slow- down in China, the world’s second-biggest economy; a plunge in oil prices to the lowest level in 12 years; and the implications for U.S. corporations, especially energy companies. Television > Today’s highlights The S&P 500, which is the most closely watched gauge of the broader market and reached a record high in May, is now down 7.5 percent this year, while the Dow is off 7.3 percent. The Nasdaq is deeper in the red, down 9.6 percent. The Russell 2000, which is made up of small-company stocks, is down 20 percent from its June peak. That big DSOXQJHLVGH¿QHGDVDEHDU market. Energy and consumer stocks bore the brunt of the selling. The price of U.S. crude oil closed slightly higher, but remains near $30 a barrel, a level that investors fear could force many oil and gas companies to go bankrupt. Brent crude fell 2 percent. Some of the biggest winners from last year, such DV1HWÀL[DQG$PD]RQERWK of which doubled in value in 2015, also fell sharply. “The momentum names that drove this market higher have just been clobbered,” Krosby said. All told, the Dow lost 364.81 points, or 2.2 percent, to 16,151.41. The S&P 500 fell 48.40 points, or 2.5 percent, to 1,890.28. It was the worst day for the index since Sept. 28. The Nasdaq slid 159.85 points, or 3.4 percent, to 4,526.06. Biotechnology stocks took a drubbing. The Nasdaq Biotechnology index lost 5.3 percent and is down 17.2 percent this year. The market recorded its best day of the year on Tuesday and appeared to be headed for more gains early on Wednesday. But then a report showed that demand for fuels slipped last month. Investors also began to VL]HXSGLVFRXUDJLQJHDUQLQJV outlooks from companies like Ford, which fell 65 cents, or 5.1 percent, to $12.20. Among energy compa- nies, Williams Cos. tumbled $2.93, or 17.7 percent to $13.61. Consol Energy slid 65 cents, or 9.7 percent, to $6.05. Valero Energy shed $6.16, or 8.7 percent, to $65.03. In Europe, Germany’s .)6 *:6 43576 39.*6 5.*2)6 2.1&06 &.) !-*++.(* &.) ,&; 33)&;5*,32&7 33)&;5*,32 *:6 *:6 !-.6352.2, *:6&7&1 !-.6352.2, $&/*"4357-:*67 !3)&; -3:*,-&2&5/0* $*:6&7 825.6* !3)&; -3:*,-&2&5/0* 357-:*67 357-:*67 33)352.2,1*5.(& !"*:6352.2, 33)352.2,1*5.(& 75*7(- $%3,& $.0)5&776$.0)5&776*35,* !-31&6 !.,*5 .7&2).7 $.0)5&776*35,* *35,* !.,*5 DAX fell 0.2 percent while France’s CAC 40 rose 0.3 percent. The FTSE 100 of leading British shares gained 0.5 percent. In Asia, stocks rallied despite a 2.4 percent drop in the Shanghai Composite. Japan’s Nikkei 225 stock index jumped 2.9 percent while Hong Kong’s Hang Seng gained 1.1 percent. The yield on the 10-year Treasury note fell to 2.07 percent from 2.11 percent late Tuesday. The euro was little changed at $1.0857 and the dollar rose to 117.89 yen. Gold rose $1.90 to $1,087.10 an ounce, silver rose 41 cents to $14.16 an ounce and copper was little changed at $1.96 a pound. In other energy trading, wholesale gasoline fell 3.2 cents to $1.053 a gallon, heating oil fell 2.1 cents to 96.9 cents a gallon, and natural gas rose 1.2 cents to $2.269 per 1,000 cubic feet. 37-*5 &.) 33)&; *5*).7-#.*.5& *7=6&/*&*&0 !3)&; -3: !3)&; -3: *00;&2).(-&*0 357-:*67 !.,*5 !.,*5 *6&1* 7 *,&7 &:5)*5 !-*08' !-*5.(*6.,-7 !-*5.(*6.,-7 !3)&; -3: !3)&; -3: !-*#.*: !-*#.*: *6&1* 7 *,&7 3032.&0$.00.&16'85, 5.1*$&7(-&.0; &.) &.) %382,*670*66 %382,*670*66 $*2);$.00.&16 !-*5< -3: &.) .))0* *00;&2).(-&*0 .23!5&.2 .7&2).7 84*5 !-31&6 Phred, Regina, Danny and Bryan share an adventure when they go rafting in this new episode. Meanwhile, Ken and Niels go to work at Ken’s fishing lodge. When Hans and Mitch o some antique shopping, they end up fixing an antique gun. The Blacklist (25) KNDU KGW 9:00 p.m. Liz’s (Megan Boone) life is in grave danger as the Cabal gets ready to assassinate her in this new episode. Red (James Spader) steps in and looks to the task force to help him outwit the Cabal and exonerate Liz. Alaska Proof ANPL 8:00 p.m. Candace’s (Sara Rue) charming father catches Christy’s (Anna Faris) in this new episode, prompting outrage from Candace and Baxter (Matt Jones). Bonnie (Allison Janney), however, urges Christy to ignore them and go for it. Mom (19) KEPR KOIN 9:00 p.m. A>:4 8A;B !%$ $4FB0C ">20; $4FB DA8>DB )A0E4;4A (19) KEPR KOIN 9:30 p.m. Ambitious young doctor Allison (Maggie Lawson) isn’t sure what to make of Amy (Jane Lynch), an eccentric woman who claims to be her guardian angel. Amy explains that she’s been sent to guide Allison in the right direction in life. A modern-day Sherlock Holmes (Jonny Lee Miller) struggles to rebuild his life after a relapse into addiction in this season of the hit drama. Meanwhile, he works alongside Watson (Lucy Liu) to help the NYPD solve baffling cases. Colony Josh Holloway stars in this new drama set in the near future. When former FBI agent Will Bowman (Holloway) and his wife, Katie (Sarah Wayne Callies), are separated from their young son during an invasion of L.A., they’ll do anything to find him. USA 10:00 p.m. allegations that Arthur has molested his girlfriend’s daughter, he denies it. 1:00 p.m. KPTV The Wendy Williams Show (19) KEPR KOIN The Talk (59) OPB Charlie Rose WPIX Maury 2:00 p.m. KPTV The Real KOIN (42) KVEW The Doctors KGW FABLife KATU The Meredith Vieira Show 3:00 p.m. (19) KEPR KOIN Dr. Phil KGW The Ellen DeGeneres Show Guests include LL Cool J and Aubrey Plaza. (42) KVEW The Rachael Ray Show KATU Steve Harvey 4:00 p.m. (25) KNDU The Ellen DeGeneres Show Guests include LL Cool J and Aubrey Plaza. (42) KVEW FABLife 11:00 p.m. TBS Conan Guests include Kevin Hart and Nick Robinson. 11:05 p.m. (42) KVEW Jimmy Kimmel Live 11:35 p.m. (19) KEPR KOIN The Late Show With Stephen Colbert (25) KNDU KGW The Tonight Show Starring Jimmy Fallon KATU Jimmy Kimmel Live 12:30 a.m. TBS Conan Guests include Kevin Hart and Nick Robinson. 12:35 a.m. (25) KNDU KGW Late Night With Seth Meyers (19) KEPR KOIN The Late Late Show With James Corden 1:35 a.m. (25) KNDU KGW Last Call With Carson Daly Guests include Holly Holm, Handsome Ghost, and Ryan Dufy. 2:05 a.m. (25) KNDU Today Show 5:30 a.m. (42) KVEW Good Morning Northwest Pendleton East-Oregonian, OR: Talk Shows Jan 14, 2016 <,/-);01: $0-"-)3 -;@:)2-)-)3 $0-6+;69: 6;-5+0 15<;- 1.- $0-6+;69: -9-,1;0&1-19) -69/- $064): #-:)4-#; 6*<13, $0-!-673-@:6<9; $(1=- 9!013 9!013 133165 133165 33-5--5-9-: $0-")+0)-3")?#06> #;-=-)9=-? #7-)2: '69,193 );); 9;0<9 $0-!-673-@:6<9; <,/-<,? <,/-<,? <,/-<,? <,/-<,? ->:);74 33-5--5-9-: '->: 1.- $%->: 9;0<9 ,,#8<), #7-)2: '69,193 12- 12- @36+2->: ->: ->: ->: ->: ->: ->: '->:->: ->: ->: ->: ->: '13,9);;:<:15-:: ,,#8<), '13,9);;: DB8=4BB $ <4A820=3>;D38C8>=B)749D364B?A4BB %-$4FB "0FB@D03 )F> >=0BC74HCA0E4;C742>D=CAHC>58=3C74=4GC186 8ABC0C 8=E4BC860C4B7867?A>58;4 0=300;5 )4= =0<48=<DB82$ 20B4BF78;45>2DB8=6>= #4= C742A8<8=0;BJ<>C8E4B 0<8;H <4A3>;)749D364B ?A4BB>=0BC74HCA0E4;C74 %J;>2:$4FB %J;>2: E4AH1>3H 2>D=CAHC>58=3C74=4GC186=0<48=<DB82$ ">E4B'0H 4D3 $4FB )74 "8548= 2C8>= )7486 ;4<4=C0AH<DA34A #><$ =64; (8<?B>=B 0=6 A><4;; E82C8<F0B:8;;438=0 $4FB0C (C4?74= &8424B$ .>:4; 024.>DA <0==4AA4<8=8B24=C>50= ?< >;14AC )74>AH 7>A3B 40AB$ 8=20A24A0C43B4A80;:8;;4A GCA0 =C 860=6 "8548= #><$ =64;4;; ;4<4=C0AHDA34= !%$ )>=867C )74>AH &8424B$ >5;>>3$ $ $4FB (>;14AC ,744;>5 4>?0A3H 4A>4BA820B4CB74A )74;02:;8BC'4320;;B (70340A;44BCAD66;4B ">20; )74 )>=867C >ACD=4 BC0AC;8=6BDAE8E0;?;0=8= D?>=C74C0B:5>A24C> F8C7142><8=60= $4FB (7>F <>C8>=F8C7C7474;?>5 74;?B0E4"8I5A><C74 8=5>A<0=CF78;4,>I=80: )><<H$ 010;$ BDB?42CB4E4AH>=4 ;02:;8BC)748A42C>A (7034B>5;D4 "8E40C =B834 4A>4B'41>A= !,$4FB )>=867C (4E4= 38C8>= ><?0=H,><0=$ >=2;DB8>=$ %A868=0;(8=$ 0C =C4AC08 )74=B834A4H>=3C74)0=:">A8 #H84CB4CC4A)70=.>DAB(CA>=6(0540=3 !8<<4;)78B =<4=C A48=4A2742:B8=>=74A (4GH)74%=4#>=C7#0A:)742>=C4BC0=CB0A4 38BC8=2C8E4;0C4=867CC0;: B7>F540CDA4B24;41A8CH )>=867C 8=E4BC<4=C>5)74 B4CC;8=68=C>C748A?;0=B0=3C744G?4ACB &08=C1ADB7>E4A$ 2>=C8=D8=6C>?DB7C74<$ 6D4BCB10=3B2><43H 4>?0A3H ,744;>5 4H>=3C74)0=:$ #H84C)742>=C4BC0=CB0A4B4CC;8=68=C>C748A !)* 8<<H !8<<4; >ACD=4 ?;0=B0=3C744G?4ACB2>=C8=D8=6C>?DB7C74< $4FB >2#0AC8=)74(7>2: (74C;0=3'43>=4B (74C;0=3'43>=4B ,>A;3 ,4;;'403 )78B%;3 B:%;3 >DB4$ >DB4$ >5C74$4F &C>52>=CJ3=4GC &0AC)F>&C>5 $4FB &($4FB>DA %A46>=AC %A46>= #83B><4A #83B><4A#DA34AB #0BC4A?8424#HBC4AH&>8A>C D834 40C #DA34AB (0D245>AC74>>B4 403#0=JB>;;H 8ABC'D=0=3D= )748ABC03 ">=4B><4867F0H ">E4 *(#0AB70;B5A0<432>E4AC064=C 142><4B05D68C8E4>=C74AD=5A><0*(#0AB70; )>4==>D=243 ,8;3,4BC;0B:0 )74>3H6D0A3 &82:;4A$ !&82:;4A (70A:)0=: )74&A>58CD4;5>>3 =C7>=H70A;4BC>= $$)>=867C ;0B:0=DB7&4>?;4 DB7;8=3B8343 8A;,>A;3 A84=3B D=:J3 *=34A2 $ 0B:4C10;;" )748ABC;>>3>= )748ABC!=>2: $867CF0C270A:(834 )748ABC0AA>< >DA1>= !=>2:$ >5C748CH$ ><4%1942C>54B8A4 )A0=B?>AC4A=4GB?4280;5>A24B>?4A0C8E4<DBC )A0=B?>AC4A3A8E4A70B144=?A4BBDA438=C> 58=31A8=60F40;C7H50<8;HJBB>=102:B054;H CA0=B?>AC8=6C74:83=0??4330D67C4A>50=>558280; ,8;3,4BC;0B:0 ;&A>>5 ;&A>>5 )>4==>D=243 ,8;3,4BC;0B:0 .>D=64A .>D=64A 0<84>GG 0<84>GG 0<84>GG >?B >?B >?B '4BC0DA0=C(C0ACD? 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'0<?0AC/A8,>>3H0AA4;B>= (7>>C4A/2C#0A:,07;14A6 (70<4;4BB 86>;>B (70<4;4BB #>=:4H!8=63>< 8=34A4;;0/0<"8;H 0<4B 8=34A4;;0#0=/8>'DBB4;;A>F4 #>E84 6:00 a.m. (42) KVEW Good Morning Northwest 6:30 a.m. (42) KVEW Good Morning Northwest 7:00 a.m. (19) KEPR KOIN CBS This Morning (25) KNDU KGW Today Show Meghan Markle on Today. (42) KVEW KATU Good Morning America WPIX Maury 7:30 a.m. LIFE The Balancing Act Learn how to create healthy and fun recipe ideas- with croutons. 8:00 a.m. WPIX The Jerry Springer Show Not only did Teekah sleep with Tonya’s boyfriend Eli, but she wants to be with him. 9:00 a.m. (19) KEPR The Meredith Vieira Show (25) KNDU KGW Today Show II The cast of ‘Ride Along 2’ on Today. (42) KVEW Live! With Kelly and Michael Guest includes Olivia Munn. ALN The Balancing Act WPIX The Jerry Springer Show Eric has been trying to get a hold of Kyllee to tell her he wants to be with her. 10:00 a.m. (25) KNDU KGW Today Show III Ambush makeovers; Today’s food. (42) KVEW KATU The View HALL Home and Family WPIX The Bill Cunningham Show Women confront the men they believe to be their biological parents. 11:00 a.m. (25) KNDU The Wendy Williams Show KGW The Dr. Oz Show KATU Live! With Kelly and Michael Guest includes Olivia Munn. Noon KPTV The Rachael Ray Show (31) KTNW Charlie Rose (42) KVEW KATU The Chew HALL Home and Family WPIX The Steve Wilkos Show There are Talk shows !)*$4FB0C &($4FB>DA (19) KEPR KOIN 10:00 p.m. E4=8=6 $4FB 0<8;H 4D3 Elementary Angel From Hell !,$4FB0C ?< GCA0 ">20; $4FB0C ANPL 9:00 p.m. In this new episode, Toby, Andy and Scott embark on a boat trip to Prince William Sound to find the perfect icebergs for their vodka. 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