Crude Oil Futures Settle Lower Ahead Of Inventory Data

CAA Taps Rachel Rusch As Co-Head Of Its Motion Picture Talent Department

Rachel Rusch has been named Co-Head of CAA Motion Picture Talent department and will work alongside Franklin Latt in leading the group. Rusch will continue to lead the agency’s Comedy department, a position she has held since 2019.

“Rachel is an extraordinary advocate for artists, a proven leader with a keen understanding of the marketplace, and a valued mentor to many within the agency and beyond,” said CAA Board Members Maha Dakhil and Joel Lubin in a joint statement. “Working collaboratively across the agency, she has led the Comedy department to new heights and will play a critical role in guiding the continued growth of the Motion Picture department in the years to come.”

Rusch, who joined CAA in 2010, represents many of the most prolific and accomplished comic talents working in film and television, including Trevor Noah, James Corden, Sacha Baron Cohen, Leslie Jones, Maria Bakalova, Cecily Strong, Ben Platt, Neal Brennan, Natalie Morales, Paul Walter Hauser, Zooey Deschanel, Tim Robinson, Bashir Salahuddin and Diallo Riddle, and Michelle Buteau, among others.

She has also been a driving force in breaking UK comedic talent into the U.S., representing Michael McIntyre, one of the highest-grossing comedians in the world, two-time BAFTA winner Jamie Demetriou (Stath Lets Flats, upcoming Cruella), plus BAFTA-winners Matt Berry (What We Do In The Shadows) and Aisling Bea (Living With Yourself, upcoming Home Alone.

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Biden Presses Putin in First Call Over Cyberattack and Ukraine

President Joe Biden is holding his first phone call with Russian President Vladimir Putin on Tuesday and planned to press him on renewing an arms accord, the poisoning of opposition leader Alexey Navalny, and a hack of U.S. computer systems that was linked to Moscow, White House Press Secretary Jen Psaki said.

The Kremlin confirmed that the call took place Tuesday, as did the Associated Press, citing administration officials.

Biden “called President Putin this afternoon with the intention of discussing our willingness to extend new START for five years, and also to reaffirm our strong support for Ukraine sovereignty,” Psaki said Tuesday during a briefing at the White House. New Start is an arms treaty that was set to expire Feb. 5 and limits the number of strategic nuclear weapons such as submarine-launched missiles and intercontinental ballistic missiles.

Denver police investigate shooting at Broadway, Virginia Ave.

The Denver Police Department is investigating a shooting near the intersection of Broadway and West Virginia Avenue, according to a Tuesday afternoon tweet from the police department.

A male victim was taken to a local hospital with apparent gunshot wounds, Denver police said in the 12:26 p.m. tweet. The age of the victim nor the extent of his injuries were immediately known.

Police are working to determine suspect information but don’t have any at this time.

Southbound Broadway is closed at Alameda Avenue as police investigate.

This is a developing story that will be updated. 

Allied extends shareholder acceptance period of G4S deal

(Reuters) – Allied Universal extended the offer period for G4S Plc shareholders to accept its agreed-upon deal to buy the British security services firm until Feb. 9, the U.S. company said in a statement on Tuesday.

(This story corrects to say the offer period was extended for shareholders’ acceptance, not to buy G4S)

LVMH FY20 Profit Down

Luxury products maker LVMH Moet Hennessy Louis Vuitton (LVMHF.PK,LVMUY.PK) Tuesday said its profit for 2020 was 4.70 billion euros, down 34% from last year’s 7.17 billion euros.

Profit from recurring operations decreased 28% to 8.31 billion euros from 11.50 billion euros last year.

Revenues slipped 17% to 44.65 billion euros from 53.67 billion euros last year. Organic revenue growth was 10%.

All business groups declined due to the impact of Covid-19, with Wines & Spirits down 15%, Fashion & Leather Goods slipped 5%, Perfumes & Cosmetics dropped 23%, Watches & Jewelry tanked 24% and Selective Retailing plunged 31%.

CEO Bernard Arnault said, “LVMH showed remarkable resilience against the unprecedented health crisis the world experienced in 2020. Our priority has been to protect the health and safety of our employees and our clients and we have provided direct support in the fight against the pandemic.”

Revenue in the fourth quarter was 14.30 billion euros, down 3% from 15.27 billion euros last year.

Crude Oil Futures Settle Lower Ahead Of Inventory Data

Despite edging up early on in the session, crude oil futures settled lower on Tuesday, as traders looked ahead to weekly inventory data, and appeared a bit hesitant to create significant long positions due to uncertain outlook for energy demand.

The American Petroleum Institute’s weekly oil report is due later today, while the Energy Information Administration (EIA) is scheduled to release its inventory data for the week ended January 22 on Wednesday morning.

Oil’s decline was somewhat limited as prices found some support on news about a blast in Saudi Arabia.

West Texas Intermediate Crude oil futures for March ended lower by $0.16 or about 0.3% at $52.61 a barrel.

Brent crude futures were lower by about $0.10 or 0.2% at $55.78 a barrel.

A survey by S&P Global Platts indicates crude inventories in the U.S. may have dropped by 1.7 million barrels last week. Gasoline inventories are forecast to rise by 1.2 million barrels while distillate stockpiles may have dropped down by about 800,000 barrels.

On the stimulus front, U.S. President Joe Biden said he’s open to negotiations on his $1.9 trillion Covid-19 relief proposal, but didn’t rule out pursuing a Democrat-only route for passage.

U.S. Senate Majority Leader Chuck Schumer said earlier Monday an aid package was unlikely before mid-March, just when jobless benefits from the last package will be running out.