The Washington Post - 24.10.2019

T H U R S D A Y , O C T O B E R  2 4,  2 0 1 9 .  T H E  W A S H I N G T O N  P O S T EZ RE A

T H E M A R K E T S

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S&P 500 Industry Group Snapshot

Industry Group

Daily %

Chg

-58.6% Chg % 1Yr +58.6%

Life Sciences 2.

Containers & Packaging 1.

Energy Equipment & Svcs 1.

Real Estate Mgmt & Dev 1.

Computers & Peripherals 1.

Textiles & Apparel -2.

Semiconductors & Semi Eqp -2.

Multiline Retail -1.

Construction Materials -1.

Commercial Svcs & Suppl -0.

$1000 invested over 1 Month

Britain £

0.

Bloomberg

O N D J F M A M J J A S O

21,

24,

27,

'

Futures Close 1D % Chg
Copper 2.67 1.
Crude Oil 55.97 2.
Gold 1495.70 0.
Natural Gas 2.28 0.
Orange Juice 1.01 0.

Futures Close 1D % Chg

Silver 17.58 0.

Sugar 12.15 -0.

Soybean 9.48 0.

Wheat 5.21 0.

Corn 3.88 -0.

2-yr note

Yield:

1.58%

Bank Prime

5.00%

Exchange-Traded
(Ticker) 1D % Chg
$655 $

Coffee (COFF.L) 0.
Copper (COPA.L) 1.
Corn (CORN.L) -0.
Cotton (COTN.L) -0.
Crude Oil (CRUD.L) 1.
Gasoline (UGAS.L) -0.
Gold (BULL.L) 0.
Natural Gas (NGAS.L) -1.
Silver (SLVR.L) 0.

Close

8,119.

1D % Change

0.3%

LIBOR 3-Month

1.94%

Currency Exchange

1D % Change

0.2%

Consumer Rates

Money Market Natl

0.

1-Yr ARM

3.37%

Gainers and Losers from the S&P 1500 Index

Company Close

1D %

Chg

Tile Shop Inc 1.74 54.

Lithia Motors Inc 152.85 17.

Winnebago Industries 49.24 15.

Acorda Therapeutics 2.71 11.

QEP Resources Inc 3.12 10.

Invacare Corp 6.60 9.

Carrizo Oil & Gas 8.15 8.

Big Lots Inc 22.13 8.

SRC Energy Inc 3.59 8.

Callon Petroleum Co 4.11 7.

Pennant Group Inc 19.48 7.

M/I Homes Inc 43.22 7.

Invesco Ltd 17.28 7.

Alexion Pharma 106.63 7.

USANAHealthSciences 77.92 7.

Rollins Inc 38.53 7.

UniFirst Corp/MA 208.12 6.

Gulfport Energy Corp 2.75 6.

Navient Corp 12.94 6.

Avery Dennison Corp 126.14 6.

Company Close

1D %

Chg

Resideo Technologies 9.50 -37.

Six Flags Ent 44.88 -12.

Cadence BanCorp 15.74 -12.

FirstCash Inc 86.00 -9.

iRobot Corp 49.06 -9.

RPC Inc 4.63 -9.

Hlth Services Grp 23.69 -8.

Texas Instruments 118.95 -7.

Express Inc 3.23 -7.

Evercore Inc 73.33 -7.

Hawaiian Inc 27.99 -7.

Boston Beer Co Inc 373.39 -6.

Wingstop Inc 84.32 -5.

EZCORP Inc 5.33 -5.

Banc of California 14.17 -5.

Cleveland-Cliffs Inc 6.76 -5.

DMC Global Inc 39.41 -5.

ChipotleMexicanGrill 788.19 -5.

Progenics Pharma 4.81 -4.

Analog Devices Inc 105.57 -4.

5Yr CD Natl

1.

5-yr note

Yield:

1.59%

RATES

NASDAQ COMPOSITE INDEX

$1000 invested over 1 Year

6Mo CD Natl

0.

Japan ¥

108.

Mexico $

19.

O N D J F M A M J J A S O

2,

2,

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YTD % Change

22.4%

Close

26,833.

New Car Loan Natl

4.

Asia Pacific -28.6% +28.6%

S&P/ASX 200 INDEX 6673.09 0.

CSI 300 INDEX 3871.09 -0.

HANG SENG INDEX 26566.73 -0.

NIKKEI 225 22625.38 0.

Europe -21.3% +21.3%

STXE 600 (EUR) Pr 395.03 0.

CAC 40 INDEX 5653.44 -0.

DAX INDEX 12798.19 0.

FTSE 100 INDEX 7260.74 0.

10-yr note

Yield:

1.77%

Close

3,004.

Dow Jones 30 Industrials

Company Close

1D %

Chg

Chg %
3M
3M Co 168.76 0.7 -4.
AmerExpCo 116.49 -1.8 -9.
Apple Inc 243.18 1.3 16.
Boeing 340.50 1.0 -8.
Caterpillr 135.34 1.2 -2.
Chevron 117.98 0.2 -6.
Cisco Sys 47.05 -1.1 -18.
Coca-Cola 54.64 1.5 0.
Dow Inc 47.23 0.9 -10.
ExxonMobil 69.75 1.0 -7.
Gldman Schs 211.32 0.8 -3.
Home Depot 234.67 -1.1 10.
IBM 134.38 0.3 -10.
Intel Corp 51.72 -0.6 -0.
J&J 129.90 0.5 0.

Company Close

1D %

Chg

Chg %

3M

JPMorgan 125.12 0.3 7.

McDonald's 199.21 0.0 -7.

Merck & Co 82.87 1.9 1.

Microsoft 137.24 0.6 -1.

NIKE Inc 92.32 -3.4 6.

Pfizer Inc 36.77 0.9 -14.

Prcter& Gmbl 123.00 0.7 8.

Travelers Cos I 132.16 1.5 -10.

UnitedTech 139.91 -1.1 3.

UntdHlthGr 247.80 -0.7 -2.

Verzn Comm 60.88 0.2 9.

Visa Inc 171.32 0.3 -5.

Walgreens 54.56 -1.4 -0.

Walmart 119.35 -0.2 6.

Walt Disney 131.13 -1.0 -7.

1Yr CD Natl

1.

30-Yr Fixed mtge

3.82%

COMMODITIES EU €

0.

INTERNATIONAL STOCK MARKETS

6-month bill

Yield:

1.64%

YTD % Change

19.9%

15-Yr Fixed mtge

3.22%

Canada $

1.

1D % Change

0.2%

Note: Bank prime is from 10 major banks. Federal Funds rate is the market

rate, which can vary from the federal target rate. LIBOR is the London

Interbank Offered Rate. Consumer rates are from Bankrate. All figures as of

4:30 p.m. New York time.

Federal Funds

2.00%

Markets YTD % Chg

Americas Close

Daily

% Chg

-22.4% +22.4%

BRAZIL IBOVESPA INDEX 107543.60 0.

S&P/TSX COMPOSITE INDEX 16335.93 -0.

S&P/BMV IPC 43546.48 0.

Home Equity Loan Natl

6.

STANDARD & POOR'S

Data and graphics by:

DOW JONES

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Brazil R$

4.

YTD % Change

15.0%

BY CRAIG TIMBERG

Facebook plans to launch a
“News” tab on Friday that will
offer stories from hundreds of
news organizations, some of
which will be paid fees for supply-
ing content to the service, people
familiar with the plan say.
The move, which will put the
social media giant squarely back
into the news-delivery business
after having de-emphasized it last
year, is seen within the news in-
dustry as a step toward the long-
sought goal of having technology
companies pay for the content
they deliver to users. The News tab
will also put Facebook into direct
competition with the news aggre-
gation services offered by Silicon
Valley rivals Google and Apple.
Facebook’s service will include
some human curation by a small
editorial team of journalists, who
will select top stories. But mostly
the News tab will rely on comput-
erized algorithms that seek to
match user interests with offer-
ings from a wide range of reports
on politics, sports, technology, en-
tertainment and other subjects.
Facebook was a leading distrib-
utor of news ahead of an overhaul
in January 2018, when it altered its
algorithm to direct more “mean-
ingful” posts from family mem-
bers and friends into users’ News

Feeds after controversy about the

prevalence of false and misleading

news reports and allegations that

Facebook favored liberal points of

view. This retreat hurt the traffic

of many publishers, and Face-

book’s move this week may help

restore some of that audience —

though not in News Feeds but in a

separate News tab users can

choose to click or ignore.

The list of participating news

organizations — initially totaling

about 200 — will include The

Washington Post, the Wall Street

Journal, Business Insider, Buzz-

Feed News and many local news

sources, people familiar with the

developing plans say. These peo-

ple say the New York Times is

likely to participate as well,

though the terms have not been

finalized. (The company declined

to comment.)

Facebook also plans to offer lo-

cal news sources from the nation’s

10 largest markets and, eventually,

a digest of local reports within the

News tab, said a person familiar

with the company’s plans who

spoke on the condition of anonym-

ity to divulge details not yet public.

Facebook declined to say which

news organizations will partici-

pate or the timing of the service’s

launch but acknowledged the

plans in broad terms. Facebook

has a scheduled event in New York

on Friday featuring chief execu-

tive Mark Zuckerberg and Robert

Thomson, chief executive of News

Corp., parent company of the pub-

lisher of the Wall Street Journal.

An invitation for the event promis-

es “a first look at Facebook News.”

“Working with the news indus-

try to get Facebook’s News tab

right is our goal and focus this

year. We are getting tremendous

partner feedback on the product,

and looking forward to launching

this very soon,” said Campbell

Brown, Facebook’s vice president

for global news partnerships and a

former CNN journalist.

Though some within the indus-

try worry that Facebook’s offering

will have an uneven impact on

news organizations — with the

largest and most prosperous ben-

efiting the most — the willingness

to pay at least some participants

has been praised by news execu-

tives eager to generate more rev-

enue when their stories are fea-

tured by technology companies.

News executives have long

complained that technology plat-

forms have usurped their major

revenue streams, such as classi-

fied and display advertising, while

building the popularity of their

brands on the work of profession-

al journalists at traditional news

organizations. Dozens of such

news organizations have folded

over the past decade and many

others have grappled with steeply

falling revenue, shrinking staffs

and declining readership as Face-

book, Google, Apple and others

have emerged as some of the most

profitable companies in the world.

Direct payments by Facebook,

which several dozen news organi-

zations are expected to receive,

will range from the hundreds of

thousands to millions of dollars.

But others will gain only the abili-

ty to generate revenue from adver-

tising when Facebook features

their stories — along with a poten-

tial for more exposure, people fa-

miliar with Facebook’s plans say.

“We’ve got to have this for the

whole news ecosystem,” said Da-

vid Chavern, president and chief

executive of the News Media Alli-

ance, representing nearly 2,

U.S.-based news organizations.

“So while it’s a start, and a good

start, it’s not a comprehensive so-

lution.”

Facebook joins a small but

growing Silicon Valley trend in

agreeing to pay for news, most

visibly Apple with its Apple News+

subscription service, which for

$9.99 a month offers a magazine-

heavy mix of news sources that

includes the Wall Street Journal

and Los Angeles Times. But sev-

eral other major news organiza-

tions, including The Post and the

Times, declined to join amid com-

plaints that it offered little oppor-

tunity for publishers to generate

meaningful revenue or attract

new paying subscribers. (Apple

also runs another service, Apple

News, that is free to users and has

a wide range of sources.)

“Virtually every major platform

— with the notable exception of

Google — is working seriously on

how to compensate news publish-

ers,” said Ben Smith, editor in chief

of BuzzFeed News, who declined

to confirm whether his news or-

ganization was participating in

the Facebook program.

In addition to the Wall Street

Journal, the Facebook News tab

will feature other properties of

parent company Dow Jones, such

as Barron’s, MarketWatch and Fi-

nancial News. Facebook users will

still need to have subscriptions to

read much of the content of the

Journal, which has one of the in-

dustry’s strictest paywalls.

The Facebook News tab will re-

spect such paywall policies, in-

cluding at The Post where all users

can access some stories but exten-

sive reading generally requires a

subscription. Facebook users who

click on stories that are available

only to subscribers — or who run

through their allotted total of free

ones — will be invited to sign up

for subscriptions.

Washington Post spokeswom-

an Kris Coratti said Tuesday that

The Post would join the Facebook

News service.

The Post’s former deputy na-

tional editor, Anne Kornblut, is

overseeing the team of journalists

who will choose top stories for the

“News” tab, according to people

familiar with planning for the

service. She joined Facebook in

2015.

Many news organizations, in-

cluding The Post, already share

content extensively on Facebook

through accounts they control,

generating readership that can be

monetized through advertising.

A previous effort by Facebook to

highlight news links that human

editors selected, through a section

called “trending,” sparked allega-

tions that the editors suppressed

stories featuring conservative

points of view. Though the claims

were not proved, Facebook later

shut down the “trending” section.

Facebook’s latest investment in

news comes at a time when the

company is facing rising political

and regulatory pressure from fed-

eral and state officials, as well as

complaints that it has not done

enough to combat the disinforma-

tion that spread widely on the

platform in the 2016 presidential

election and beyond.

craig.timberg@washpost.com

Facebook will pay some publishers for ‘News’ tab items

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