Apple Is Building A $161 Million Theatre (AAPL) | ||
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Building permits have shed new light on what's going to be inside Apple's giant new "spaceship" campus in Cupertino. Re/code is reporting, citing documents published by BuildZoom, that Apple's new office will include a $161 million private auditorium. Apple has previously used public event spaces in the city of Cupertino for its big events. The company's most recent announcement, the Apple Watch and iPhone 6 unveiling, took place at the Flint Center for Performing Arts. But a building permit for the new Apple Campus shows that the company is investing $161 million into building its very own event space. Here's the building permit for Apple's new theatre:
Building its own venue means that Apple will be able to keep more control over its events. Executives like Tim Cook and Eddy Cue will be able to rehearse their speeches without worrying about venturing outside and being spotted by the public. Additionally, Apple can install a permanent livestream set-up in the theatre, which should help prevent mishaps like the streaming troubles encountered during the iPhone 6 event. Join the conversation about this story »  | ||
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Tour The Extravagantly Derelict Island That Starred In The James Bond Movie 'Skyfall' | ||
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Few people cared about the derelict Japanese island of Hashima until 2012, when its crumbling piers and abandoned apartment buildings were used as a backdrop for the secret island in the James Bond movie Skyfall. Now one photographer, Kevin Dooley, has returned to the island to document the rest of the island. Hashima was first occupied because it produced coal. The Mitsubishi Group bought the island in 1890 to use it as a base for coal extraction from the sea. Dooley used Google Street View to find and capture some of the most enchanting parts of the old factory. It gives everyone a chance to tour where more than 5,000 people once lived and worked. This is what Bond villain Raoul Silva's island looks like in the movie 'Skyfall'. Bond and Severine are brought to the island to be killed by Silva, a villainous rogue MI6 agent. The movie used exterior scenes of the island as a backdrop. See the rest of the story at Business Insider  | ||
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11 Compelling Correlations That Make Absolutely No Sense | ||
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Regardless of how many times you hear the phrase "correlation does not imply causation" you can't help but get a little excited when there is data to support a strange relationship. I decided to dive into some real data to find a few ridiculous correlations. All the maps and correlations are real. But I think it is safe to say that there is something else going on. Produced by Sara Silverstein Follow BI Video: On Facebook Join the conversation about this story »  | ||
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10 Things You Need To Know Before The Opening Bell (DIA, SPY, SPX, QQQ) | ||
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Good morning! Here are the major stories you need to hear about before markets open in the US. Get Ready For The US Jobs Report. The Department of Labor will release its November employment situation report at 8:30 a.m. ET. Economists estimated US companies added 230,000 net nonfarm payrolls, which would be right in line with the monthly average for 2014. The unemployment rate is expected to remain unchanged at 5.8%, which is a six-year low. The Bull's Take. In a note to clients ahead of the report, Brian Jones at Societe Generale, who expects nonfarm payrolls grew by 275,000 in November, said: "Our analysis suggests that last month's readings on hiring, joblessness and wages will support the more upbeat assessment of labor-market conditions expressed by monetary policymakers following their October gathering." Jones added that while his forecast was above consensus expectations, a reading in line with his estimates would not alter his expectation that the Fed would keep interest rates at 0% to 0.25% until next June. The Bear's Take. Ian Shepherdson at Pantheon Macroeconomics expects nonfarm payrolls grew by just 180,000 in November, owing to the severe weather seen in the northern Midwestern states at the end of the month. Shepherdson expects, however, that the October report will be revised higher, and he expects that down the road, November's number will also be revised higher. Since 2009, November payroll gains have had a median upward revision of 71,000 after two months' worth of revisions. Markets Are Up A Bit. US futures are in the green, with Dow futures up 25 points and S&P futures up 2 points. Europe is up, with Britain's FTSE 100 up 0.6%, France's CAC 40 up 1.2%, and Germany's DAX up 1.3%. Asia closed higher, with Japan Nikkei rising 0.2%, Hong Kong's Hang Seng up 0.7%, and the Shanghai composite up 1.3%. The ECB Is Gearing Up For QE. Despite falling short of promising a more serious asset-buying programme in their meeting on Thursday, two senior European central bankers told Bloomberg a parcel of purchases including government debt is being prepared for next month. German Factory Orders Bounced In October. Orders rose 2.5% from September, beating expectations for a 0.5% increase. Germany Slashes Its 2015 Growth Forecast. The Bundesbank, Germany's central bank, slashed its growth forecasts for the economy for 2014, 2015, and 2016. Growth in 2015 is expected to be just 1%, half of the 2% that was previously expected. From the Bundesbank: "The German economy lost considerable momentum in the second and third quarters of 2014 and moved onto a flatter growth path. Following a brisk start to the year, which was partly fuelled by favourable weather conditions, real GDP did not grow any further in the second and third quarters after seasonal and working-day adjustment and thus failed to live up to the hopes of the June outlook."
Another Saudi Price Cut Sent Brent Back Below $70. Saudi Arabia cut monthly prices for crude it sells to the United States and Asia, while Iraq is set to export more oil, preventing Brent from staging a recovery after a near 13-percent plunge last week, and sending the price back to $69.28. Shanghai's Stock Exchange Saw Volatility At A Four Year High. Stocks on China's biggest exchange plunged from a 2.7% increase, to a 3% drop today, the most volatile swings since 2010, according to Bloomberg. JP Morgan Held The Top Spot As Best-Performing Investment Bank In 2014 So Far. According to analytics firm Coalition, JP Morgan comes top by revenue, followed by Goldman Sachs, Deutsche Bank, Citi and BAML in that order. Join the conversation about this story »  | ||
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Apple Is Building A $161 Million Theatre (AAPL) | ||
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Building permits have shed new light on what's going to be inside Apple's giant new "spaceship" campus in Cupertino. Re/code is reporting, citing documents published by BuildZoom, that Apple's new office will include a $161 million private auditorium. Apple has previously used public event spaces in the city of Cupertino for its big events. The company's most recent announcement, the Apple Watch and iPhone 6 unveiling, took place at the Flint Center for Performing Arts. But a building permit for the new Apple Campus shows that the company is investing $161 million into building its very own event space. Here's the building permit for Apple's new theatre:
Building its own venue means that Apple will be able to keep more control over its events. Executives like Tim Cook and Eddy Cue will be able to rehearse their speeches without worrying about venturing outside and being spotted by the public. Additionally, Apple can install a permanent livestream set-up in the theatre, which should help prevent mishaps like the streaming troubles encountered during the iPhone 6 event. Join the conversation about this story »  | ||
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It's Official: A Secretary Of Defense Nominee Has Been Chosen | ||
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Ashton Carter, the former theoretical physicist who was briefly second-in-command at the Pentagon under Chuck Hagel, will be President Barack Obama's nominee to succeed Hagel as secretary of defense, Bloomberg TV reports. "Barring any last minute complications, Ash Carter will be President Barack Obama's choice as the new Secretary of Defense," several US administration officials reportedly told CNN last week. The selection comes after numerous front-runners for the job took themselves out of consideration, including former Pentagon policy head Michele Flournoy and Senator Jack Reed (D-Rhode Island). Carter was "responsible for the day-to-day management" of the Defense Department's 2.2 million employees during his 10 months as deputy secretary of defense under Hagel, but he resigned in October 2013 — possibly because of his discomfort with being passed over for the Pentagon's top job at the beginning of Obama's second term. During the first Obama administration, Carter spent two years as "the Pentagon's technology and weapons-buying chief," according to Fox News. Carter was influential in reorganizing US Cyber Command during his time at the Pentagon, and he helped to push cybersecurity as a priority for national security. Carter has largely served in behind-the-scenes-type roles as the Pentagon, including as a high-ranking international security policy official at the Defense Department under President Bill Clinton. Although likely a somewhat unknown figure outside of political circles, Carter is widely considered to be qualified for the job and has the approval of at least one Republican vocal on national security issues: On Nov. 24, Sen. Lindsey Graham (R-South Carolina) called Carter as well as Reed and Flournoy "solid choices for [an] important position." Hagel was reportedly forced to resign on Nov. 24 over disagreements with the White House regarding its handing of the US-led campaign against the Islamic State militant group, along with more general policy disagreements over the US approach to the conflicts in Iraq and Syria. "We have no presidential personnel announcements at this time, and not going to speculate on any before the president announces it," White House deputy press secretary Eric Schultz told Business Insider.
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