Brianna Keilar Exposes Fox News’ Fear-Mongering Formula

Fox News “is becoming its own worst nightmare,” CNN’s Brianna Keilar declared on Tuesday as she picked apart the latest round of lies and conspiracy theories being pushed by personalities on the conservative network.

“Completely predictable,” Keilar said, breaking down Fox’s formula as, “Worship Trump, blame Democrats, spotlight fear. Rinse, lather, repeat.”

Keilar highlighted one particular falsehood spread by its hosts — that supporters of former President Donald Trump “spontaneously” gathered to cheer his passing motorcade on Monday. The event was organized beforehand.

“These lies aren’t harmless,” said Keilar. “They’re part of the bigger lie about what is true and what isn’t. They’re dividing a nation. They’re dividing families.”

The personalities are “pushing lies and conspiracy theories, disguised as patriotism and traditional American values,” she added. “When really they are just homewreckers, who wouldn’t offer up the truth if it landed in their snake oil.” 

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Choice Hotels Q4 Profit Misses Estimates

Choice Hotels International, Inc. (CHH) reported fourth quarter adjusted EPS of $0.51, a 45% decrease from a year ago. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.64, for the quarter. Analysts’ estimates typically exclude special items.

Fourth quarter total revenues decreased by 28% to $193.4 million. Total revenues excluding marketing and reservation system fees decreased 32% to $88.0 million. Analysts expected revenue of $213.49 million, for the quarter. Domestic systemwide RevPAR decreased 25.1% for the quarter.

Analog Devices Q1 adjusted earnings Beat Estimates

Analog Devices (ADI) released earnings for its first quarter that rose from last year.

The company’s earnings came in at $388.52 million, or $1.04 per share. This compares with $203.87 million, or $0.55 per share, in last year’s first quarter.

Analysts had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 20.0% to $1.56 billion from $1.30 billion last year.

Analog Devices earnings at a glance:

-EPS (Q1): $1.44 vs. $1.03 last year.
-Analysts Estimate: $1.32
-Revenue (Q1): $1.56 Bln vs. $1.30 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.36 – $1.52
Next quarter revenue guidance: $1.55 – $1.65 Bln

Gold plunges ₹717; silver declines ₹1,274

Gold in the national capital plunged ₹717 to ₹46,102 per 10 gram on Feb. 17 in line with decline in global precious metal prices, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹46,819 per 10 gram.

Silver also declined ₹1,274 to ₹68,239 per kg, from ₹69,513 per kg in the previous trade.

"Spot gold prices for 24 karat in Delhi plunged ₹717 in line with decline in global gold prices," according to HDFC Securities Senior Analyst (Commodities) Tapan Patel.

In the international market, gold was quoting lower at $1,786 per ounce and silver was flat at $27.10 per ounce.

Charles River Q4 Profit Tops Estimates; To Acquire Cognate BioServices

Charles River Laboratories International, Inc. (CRL) reported fourth-quarter earnings per share on a non-GAAP basis of $2.39, an increase of 18.9% from last year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $2.10, for the quarter. Analysts’ estimates typically exclude special items.

Fourth quarter revenue was $791.0 million, an increase of 14.4% from a year ago. Organic revenue growth was 10.3%. Analysts expected revenue of $756.86 million, for the quarter.

For 2021, excluding Cognate BioServices, the company projects: non-GAAP EPS of $9.00 – $9.25; and revenue growth, organic 9% – 11%.

Charles River has signed a definitive agreement to acquire Cognate BioServices, Inc., a cell and gene therapy contract development and manufacturing organization, for approximately $875 million in cash. Headquartered in Memphis, Tennessee, Cognate has operations in North America and Europe.

Charles River expects Cognate to generate annual revenue of approximately $140 million in 2021, and to grow at least 25% annually over the next five years. The acquisition is expected to be neutral to non-GAAP earnings per share in 2021, and accretive thereafter.

Tractor Supply Company To Acquire Orscheln Farm And Home – Quick Facts

Tractor Supply Company (TSCO) has entered into an agreement to acquire Orscheln Farm and Home in an all-cash transaction for approximately $297 million, net of acquired estimated future tax benefits of $23 million. Orscheln Farm and Home is a farm and ranch retailer with 167 stores located in 11 states.

Tractor Supply said the company’s preliminary estimates indicate the acquisition will be immediately accretive to earnings per share upon closing. Tractor Supply plans to fund the acquisition through existing cash on hand.

Retail spending bursts higher in January as consumers use stimulus checks to spend heavily

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according to a government report Wednesday.

Economists surveyed by Dow Jones were expecting a rise of just 1.2%.

Excluding autos, sales rose 5.9%, also far ahead of the 1% estimate in a display of unexpected strength from the consumer.

A month after Congress approved a $900 billion additional stimulus package on top of the $2.2 trillion approved earlier in 2020, shoppers were armed with $600 checks they used to buy a variety of goods.

The jump in consumer spending came at a time when expectations for growth in the early part of 2021 were muted as the economy continued to shake off the pandemic-induced slowdown.

While most economists see the year off to a slow start, they expect the pace to pick up later in the year as vaccination efforts spread and the Covid-19 albatross fades.

This is breaking news. Please check back here for updates.