CAA Signs ‘You Will Die At 20’ Filmmaker Amjad Abu Alala

Alala is currently developing Queendom, a premium series for Middle Eastern studio Genomedia Studios. He also co-produced the documentary Ali El Arabi’s Captains of Zaatari, which premiered at this year’s Sundance Film Festival.

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Cramer's lightning round: ConEd is 'down too much'

• It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Consolidated Edison: "It's down too much. I've been thinking about the same thing. I think rates have backed up enough, and it's not bad to do a little ConEd buying. Just so you know, I do prefer American Electric Power, but I think you've got a good one."

WiMi Hologram Cloud: "We're going to take a hard pass on WiMi Hologram."

GreenPower Motor Company: "It's a good spec. It's up a lot, but it doesn't have that earnings growth that you really, really want to have, so I'm going to say it's just OK."

Ehang: "You are out on a wing without a prayer there, my friend. I'm going to say take some money off the table."

Forum Merger III Corp: "We're going to find out more about them before we offer a judgment."

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BOJ's March review to seek effective ways to deal with shocks, says depgov Wakatabe

TOKYO, Feb 3 (Reuters) – Bank of Japan Deputy Governor Masazumi Wakatabe said on Wednesday the central bank’s policy examination in March would discuss measures to ensure it can deal with any future shocks to the economy “effectively” and in a timely fashion.

“What I’d like to emphasise is that the policy examination won’t be about dialling back monetary stimulus,” Wakatabe said in a speech at an online meeting with business leaders in Kanagawa prefecture. (Reporting by Leika Kihara Editing by Chang-Ran Kim)

Brooks Automation Q1 Profit Rises; Reiterates Dividend

Brooks Automation Inc. (BRKS) posted a net income of $26.03 million or $0.35 per share in the first quarter of 2021, up from $13.06 million or $0.18 per share in the prior year.

Revenue for the first quarter was $250 million, up 19% year over year, supported by growth in both Life Sciences and Semiconductor Solutions.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share and revenues of $243.62 million for the first-quarter. Analysts’ estimates typically exclude special items.

The company announced that its board has reiterated a dividend of $0.10 per share payable on March 26, 2021 to stockholders of record on March 5, 2021.

Looking ahead for the second quarter of fiscal 2021, the company expects earnings per share to be in the range of $0.33 – $0.42, non-GAAP earnings per share of $0.48 to $0.57, and revenue of $267 million to $283 million. Wall Street currently is looking for the second-quarter earnings of $0.42 per share on quarterly revenues of $246.73 million.

ScanSource Q2 Results Top View

ScanSource Inc. (SCSC), a provider of technology products and solutions, reported that its net loss for the second quarter of fiscal year 2021 was $14.19 million or $0.56 per share compared to net income of $11.37 million or $0.45 per share in the previous year.

Net income from continuing operations for the second quarter of fiscal year 2021 declined to $11.1 million or $0.43 per share, from $11.6 million or $0.46 per share last year.

Non-GAAP net income from continuing operations was $16.5 million, or $0.65 per share, compared to $19.4 million, or $0.77 per share, for the prior-year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share. Analysts’ estimates typically exclude special items.

Net sales were $810.9 million for the second quarter, down 2% year-over-year or up 2% year-over-year for organic growth.The year-over-year reduction in net sales was primarily due to the impact of the COVID-19 pandemic. During the quarter, the company saw continued progress in recovering from the sales impact of the COVID-19 pandemic in North America and Brazil. Analysts expected revenue of $758.33 million for the quarter.

Nissan suspends some truck production in Mississippi due to chip shortage

(Reuters) – Nissan Motor has suspended some truck production in the U.S. state of Mississippi due to a shortage of chips, a Nissan USA spokeswoman said.

The Japanese automaker has had to make short-term production adjustments at its North American operations due to the shortage, beginning with three non-production days on the truck line at its Canton, Mississippi, facility, she said.

Senate Confirms Alejandro Mayorkas, First Latino And Immigrant To Lead DHS

The Senate voted Tuesday to confirm Alejandro Mayorkas, President Joe Biden’s nominee to lead the Department of Homeland Security. Mayorkas, a Cuban American, becomes the first Latino and first immigrant to serve as secretary of DHS, an agency tasked broadly with securing the nation from threats. 

Fifty-six senators voted in favor of confirmation, with 43 senators opposed.

Under Donald Trump’s administration, DHS got more intensely involved in immigration issues, with then-DHS heads Kirstjen Nielsen, Kevin McAleenan and Chad Wolf overseeing the process of separating South and Central American families hoping to enter the United States through the southern border.

On Tuesday, the Biden administration announced a task force to help identify and unite the more than 500 immigrant children still separated from their families due to Trump’s efforts. Mayorkas is set to lead the task force, which will include officials from his agency, the State Department and the Department of Health and Human Services.

Biden named Mayorkas, who held two high-ranking posts at DHS in the Obama administration, as his pick for secretary in late November. Mayorkas previously served as director of U.S. Citizenship and Immigration Services and later as deputy secretary of homeland security.

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