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AP News Summary at 1:33 p.m. ESTU.S. shares lower at close of trade; Dow Jones Industrial Average down 0.54%
NBA's Christmas Day ratings skyrocket, even going up against NFL games
Urvara Fertility Centre Receives Prestigious National And International Awards For Excellence In IVFJeremy Clarkson has backpedalled on his previous comments about why he bought his farm, saying he thought it would be a “better PR story if I said I bought it to avoid paying tax”. The TV presenter and journalist defied doctors’ orders by joining thousands of farmers in London on Tuesday to protest against agricultural inheritance tax changes. The 64-year-old, who fronts Prime Video’s Clarkson’s Farm, which documents the trials of farming on his land in Oxfordshire, wrote in a post on the Top Gear website in 2010: “I have bought a farm. There are many sensible reasons for this: Land is a better investment than any bank can offer. The government doesn’t get any of my money when I die. And the price of the food that I grow can only go up.” Clarkson also told the Times in 2021 that avoiding inheritance tax was “the critical thing” in his decision to buy land. Addressing the claim in a new interview with The Times, the former Top Gear presenter said: “I never did admit why I really bought it.” The fan of game bird shooting added: “I wanted to have a shoot – I was very naive. I just thought it would be a better PR story if I said I bought it to avoid paying tax.” Clarkson was among the thousands who took to the streets this week to protest over the changes in the recent Budget to impose inheritance tax on farms worth more than £1 million and he addressed the crowds at the march in central London. He told the newspaper he is not happy to be the public face of the movement, saying: “It should be led by farmers.” The presenter said he does not consider himself a farmer because there are “so many basic jobs” which he cannot do, but he feels his role is to “report on farming”. Earlier this month, it was confirmed Clarkson’s Farm, which has attracted huge attention to his Diddly Squat farm shop, had been renewed for a fifth series. Asked whether the issue behind the tax protest is that rural poverty is hidden, Clarkson agreed and said his programme was not helping to address the situation. “One of the problems we have on the show is we’re not showing the poverty either, because obviously on Diddly Squat there isn’t any poverty”, he said. “But trust me, there is absolute poverty. I’m surrounded by farmers. I’m not going out for dinner with James Dyson. “It’s people with 200 acres, 400 acres. Way past Rachel Reeves’s threshold. They are f*****.” The newspaper columnist also presents Who Wants To Be A Millionaire? on ITV. The Grand Tour, his motoring show with former Top Gear colleagues Richard Hammond and James May, ended in September. Discussing whether he might move into politics, Clarkson said: “I’d be a terrible political leader, hopeless. “I’m a journalist at heart, I prefer throwing rocks at people than having them thrown at me.” However, he said he would be “100% behind any escalation” after the farmers’ march. Clarkson revealed last month he had undergone a heart procedure to have stents fitted after experiencing a “sudden deterioration” in his health which brought on symptoms of being “clammy”, a “tightness” in his chest and “pins and needles” in his left arm. He said in a Sunday Times column that one of his arteries was “completely blocked and the second of three was heading that way” and doctors said he was perhaps “days away” from becoming very ill. Asked if he is thinking about retiring, the Doncaster-born celebrity said: “Probably not. It depends when you die, I always think. “You’d be surprised, us Northerners are made of strong stuff.”AP News Summary at 4:42 p.m. EST
Arsenal moves up to second in the Premier League with a 1-0 win over IpswichThe main US indices finished lower on Monday, fueled by a decline in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week. Nvidia fell after China's market regulator launched an investigation into the chipmaker over suspected violation of antimonopoly law, dragging down the information technology sector. Advanced Micro Devices slipped after BofA Global Research downgraded its rating on the stock, weighing on the Philadelphia Semiconductor Index. "The market was taken a bit by surprise regarding China's investigating (Nvidia) as a possible antimonopoly-law violation. So that's one thing that's putting a little damper on the market," said Sam Stovall, chief investment strategist at CFRA Research in New York. The S&P 500 lost 37.92 points, or 0.6 percent, to end at 6,052.35, and the Nasdaq Composite lost 123.08 points, or 0.6 percent, to 19,736.69. The Dow Jones Industrial Average fell 240.59 points, or 0.5 percent, to 44,401.93. Comcast declined after forecasting a loss of more than 100,000 broadband subscribers in the fourth quarter, denting the communication services sector. Shares of Hershey soared following a report that Cadbury parent Mondelez was exploring an acquisition of the chocolate maker. Mondelez shares fell. Investors are anticipating the consumer price index (CPI) data set for release on Wednesday, along with the producer price index (PPI) on Thursday, ahead of the Federal Reserve's meeting on Dec. 17-18. Several Fed officials, including Chair Jerome Powell, emphasized caution regarding the central bank's approach to easing monetary policy due to the economy's resilience. Wall Street's main indexes started December on a positive note, with the benchmark S&P 500 and the tech-heavy Nasdaq both gaining in their first week, while the blue-chip Dow ended the week slightly lower. US stocks soared in November after Donald Trump won the presidential election and his party secured control of both houses of Congress, raising expectations for a more business-friendly policy agenda. (Reuters)
Anti-NATO protest in Montreal erupts in fires, smashed windows, arrests, say policeThe NBA got viewers for Christmas, even while going up against NFL games. The NBA's five-game Christmas lineup was the league's most-watched in five years, with the games averaging about 5.25 million viewers per game across ABC, ESPN and its platforms, the league said Thursday based on Nielsen's preliminary numbers. It's an 84% rise over the NBA's Christmas numbers from 2023. The Los Angeles Lakers’ 115-113 victory over the Golden State Warriors — a game pitting Olympic teammates LeBron James and Stephen Curry — averaged 7.76 million viewers and peaked with about 8.32 million viewers toward the end of the contest, the league said. Those numbers represent the most-watched NBA regular season game in five years. “I love the NFL,” James said in his televised postgame interview Wednesday night. “But Christmas is our day.” The NBA said all five Christmas games on its schedule — San Antonio at New York in Victor Wembanyama's holiday debut, Minnesota at Dallas, Philadelphia at Boston, Denver at Phoenix and Lakers-Warriors — saw year-over-year viewership increases. Wednesday's numbers pushed NBA viewership for the season across ESPN platforms to up 4% over last season. The league also saw more than 500 million video views on its social media platforms Wednesday, a new record. For the NBA, those are all good signs amid cries that NBA viewership is hurting. “Ratings are down a bit at beginning of the season. But cable television viewership is down double digits so far this year versus last year," NBA Commissioner Adam Silver said earlier this month. “You know, we’re almost at the inflection point where people are watching more programing on streaming than they are on traditional television. And it’s a reason why for our new television deals, which we enter into next year, every game is going to be available on a streaming service.” Part of that new package of television deals that the NBA is entering into next season also increases the number of regular season games broadcast on television from 15 to 75. AP NBA: https://www.apnews.com/hub/NBAA 7-5 record feels a whole better than 6-6 for East Tennessee State football coach Tre Lamb. Lamb knows it’s important to finish his first season leading the Bucs with a victory. While they’ve doubled the number of wins which ETSU achieved each of the previous two seasons, a winning record is something everyone can hang their hats on. It’s not an easy task for the Bucs (6-5 overall, 4-3 Southern Conference) who play at Virginia Military Institute on Saturday at noon. Sure the Keydets are 1-10 and 1-6, but just two weeks ago they beat the same Furman team which defeated the Bucs in Johnson City last week. “Our guys have a lot to play for — winning record in the Southern Conference, pride, a winning day for our seniors and getting to seven wins,” Lamb said. “We can carry so momentum into recruiting into the offseason, 7-5 feels a lot better than 6-6.” The Bucs will have to take care of the football, which has been the most frustrating part of the season for Lamb. They rank second in the country for most interceptions with 20, while Lamb played three quarterbacks — Gino English, Jaylen King and Baylor Hayes — against Furman. He promised that won’t happen Saturday, although he is waiting until game day to name a starter. “We are playing three quarterbacks right now which tells you we don’t have one,” Lamb said. “We’re not going to do musical chairs. We’re going to give it to one guy and let him go play.” VMI has also played multiple quarterbacks this season with four of them attempting 20 or more passes this season. JoJo Crump came in to hit 9-of-14 passes for 138 yards after replacing starter Chandler Wilson in last Saturday’s loss to Western Carolina. Hunter Rice, a hard-nosed 235-pound senior running back, has been the most productive offensive player with 713 yards and seven touchdowns this season. Still, the Keydets have been nowhere near as effective as the Bucs running the football. ETSU is averaging 194.1 yards rushing per game, led by Bryson Irby with 722 yards on 130 carries and Devontae Houston with 544 yards on 101 rushes. VMI has a legitimate star on the defensive side of the ball with linebacker Eric Rankin, who leads the Southern Conference with 103 tackles. He was named the FCS National Player of the Week with 18 tackles in VMI’s game against The Citadel. He is a disruptive force with 11 tackles for loss, 10 quarterback hurries and two forced fumbles. Defensive back Kouri Crump is next on the team with 85 tackles. ETSU has defensive standouts as well with linebackers Ray Coney with 89 tackles and William McRainey with 82 tackles. Zach West has 8.5 tackles, including 2.5 in the Bucs’ 24-21 win over Western Carolina two weeks ago. Among the defensive backs, Cam Sims has been responsible for 17 pass breakups, while Jaden Woods ranks fourth on the team in tackles. “I’m super proud of our guys for their effort this year,” Lamb said. “We could be sitting here realistically at 9-2 and 10-1 is not too far out of our reach if the ball bounces our way a couple of times.” To reach the goal in front of them, Lamb knows a game at VMI’s Alumni Memorial Stadium in late November provides a different challenge than a lot of other venues. Part of that is due to the Keydets and part of that is the environment. “They’re very chaotic defensively and do a good job of creating negative plays,” Lamb said. “It’s a really hard place to play. The grass is dormant this time of year, a slow track, typically overcast with gray skies, 35-40 degrees. They have a lot of tough military kids who are giving their best effort every week. We can’t let our circumstances of weather and location affect the way we prepare.”
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