Mark Few likes No. 3 Gonzaga's toughness after win over future Pac-12 'partner' SDSU
Once again, Newsom gets Trumped by the calendar.Long-suffering fans of the Dallas Cowboys could be forgiven for thinking that their season from hell couldn't possibly get any worse. Unfortunately, however, there is every chance that the iconic NFL franchise is still making its way to rock-bottom as they prepare to face the in-form Washington Commanders on Sunday. Record defeats, a miserable home losing streak and a season-ending injury to star quarterback Dak Prescott would have been bad enough. But on Monday, just to add to the impression of an organization engulfed by chaos, sections of metal sheeting from the roof of the AT&T Stadium plunged to the field before the team slumped to an abject 34-10 defeat to Houston. The jokes about the sky falling in on Dallas wrote themselves. Not for the first time, the franchise that likes to think of itself as "America's Team" had instead become America's punchline. But after the Cowboys latest loss, which virtually extinguished any chance of a ticket to the post-season, even the team's harshest critics began to take pity. ESPN analyst Stephen A. Smith, who regularly delights in trolling the Cowboys, insisted that the club's crisis was no laughing matter. "This is a horror show," Smith said solemnly on ESPN's 'First Take' program this week. "I like getting on the Cowboys fans, and I enjoy their misery. But they've stripped the fun out of this because of how god-awful they have been. I can't believe how bad they are." The Cowboys' fall from grace has been decades in the making. The team which dominated the NFL in the early part of the 1990s -- winning three Super Bowls in four seasons between 1993 and 1996 -- has not been back to the championship game since that golden era. Head coaches and quarterbacks have come and gone, and none have come close to returning the Cowboys to the pinnacle of the NFL, despite the team being ranked as the most valuable sports franchise in the world according to Forbes, with a valuation of $11 billion. The one constant during those decades of disappointment has been owner Jerry Jones, the Texas billionaire who bought the team in 1989. Jones, one of the NFL's most colorful and polarizing personalities, was at a loss to explain the team's current problems. "I don't know that there's anything beyond the obvious -- and that is we just aren't playing very well," Jones told reporters after Monday's home defeat to Houston. The Cowboys stat-line this season makes for grim reading. After opening the campaign with a 33-17 defeat of Cleveland, the wheels came off in a 44-19 home loss to the New Orleans Saints where Dallas' vaunted defense leaked a whopping six touchdowns. To date, the Saints have scored more touchdowns at the AT&T Stadium in Arlington this season than the Cowboys. Other brutal losses have followed, notably a 47-9 home shellacking by the Detroit Lions, and a 34-6 trouncing by the Philadelphia Eagles. The Cowboys, who are 3-7 in the NFC East, are the only team in North American professional sport who have not managed to win a game at home in 2024. There is every chance that Washington, led by their talented rookie quarterback Jayden Daniels and expertly coached by former Dallas defensive guru Dan Quinn, will add to the Cowboys' woe when they host the Texas club on Sunday. It has left Cowboys coach Mike McCarthy, who is in the final year of his contract, facing a bleak future. McCarthy put a defiant face on his team's problems as they attempt to somehow stop the bleeding. "We got seven losses. We've got to go. Backs against the wall. We got to fight, scratch, claw," McCarthy said. "We've got to do everything we can to go win the next game. That's where my mind's at." Jones, meanwhile, attempted to put a brave face on the team's season of woe, insisting he has seen worse. "You stay in this league long enough, you'll have times like this," the 82-year-old tycoon said. rcw/js
(Bloomberg) -- Investors have a challenge in betting on the usual stock market rally that tends to arrive after a presidential election: With the S&P 500 Index on track for one of its best ever starts to a year, history can’t be a guide this time. Most Read from Bloomberg NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge In Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the Field Trump Promises Could Have Seismic Impact on Washington Economy NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes Buying US stocks into year-end following a vote is the classic trading playbook. Historically, the S&P 500 has posted a median return of 5% from Election Day in November to the end of the year, according to data compiled by Deutsche Bank AG. Even the riskiest pockets like small-capitalization companies typically catch a bid in the rising tide. But this is hardly a classic election year. The S&P 500 is up 25% in 2024 after leaping 24% in 2023, putting the index on pace for its first back-to-back years of more than 20% gains since the late 1990s. As a result, share prices are high, with the S&P 500 trading at more than 22 times projected 12-month earnings, compared with an average reading of 18 in the last decade. And positioning data shows traders are already heavily invested in equities. Meanwhile, familiar foes from the past few years, rising bond yields and the threat of persistent inflation, loom in the background. All of which has the stock market set up for a potentially quiet holiday season — as opposed to the ragers of election years past. “With valuations elevated and the S&P 500 already near 6,000, the market will creep higher from here,” said Eric Beiley, executive managing director of wealth management at Steward Partners. “But I don’t see a big year-end rally because rising yields will keep investors at bay.” No Hurry The Federal Reserve has lowered interest rates twice since September. But recently, central bankers indicated that they aren’t in a hurry to go further. At the same time, Treasury yields have jumped to multi-month highs after US president-elect Donald Trump’s election victory ignited bets that his economic plans like large import tariffs and mass deportations of low-wage undocumented workers could stoke inflation and hurt growth, possibly reducing the Fed’s scope to cut interest rates. This explains why Wall Street strategists have been dialing back their rate reduction expectations since Trump’s election victory. The six months from November to April are historically the best part of the year for US equities because companies and pension plans tend to increase their stock buying starting on Nov. 1, according to the Stock Trader’s Almanac. However, those year-end rallies typically aren’t as robust when the S&P 500 has already risen at least 20%. In that case, since the 1970s the average return from now to Dec. 31 has been roughly 1%, according to data compiled by Bloomberg. Of course, this bull-market rally has gone far beyond these levels, with the S&P 500 up almost 70% since bottoming in October 2022. That will curb gains into late December, according to Savita Subramanian, head of US equity and quantitative strategy at Bank of America Corp. “Sentiment and positioning based on at least five indicators have grown dangerously bullish, leaving less room for positive surprises,” she wrote in a note to clients on Nov. 15. Heavy Hedging Already, some of the riskiest parts of the market are showing signs of weakness. Small-cap stocks, for instance, have erased most of their post-election rally as concern grows about the Fed’s rate path. And uncertainty over higher borrowing costs is prompting investors to hedge against sharp declines. Demand for far out-of-the-money put options on the S&P 500, technology-heavy Nasdaq 100 Index and small-cap Russell 2000 Index has risen to levels last seen during the heavy volatility ahead of the election, according to Kevin Brocks of 22V Research. That said, the rally isn’t necessarily in jeopardy simply because there’s growing speculation that the market has run too far. Valuations and investor sentiment can stay frothy for weeks — even months — before stocks suffer a significant drop, said Max Kettner, chief multi-asset strategist at HSBC Bank Plc, adding that there are “very few reasons to suggest a year-end rally has already been front-loaded.” Indeed, investors keep funneling money into stocks: They put $16.4 billion into US equities in the week through Nov. 20, marking the seventh consecutive weekly inflow, according to a Bank of America note citing EPFR Global data. The optimism isn’t entirely surprising. Looking at history, the S&P 500’s advance over the past two years isn’t even half of the 143% average gain in the 16 prior bull runs since 1945, according to Birinyi Associates. What investors most want to see when judging the rally’s strength is the gains broadening beyond the megacap tech that have been powering indexes higher on enthusiasm for artificial intelligence. It’s starting to happen, as the S&P 500 Equal Weight Index is outperforming the regular market-cap weighted version of the benchmark since Election Day, with financials, energy and consumer discretionary shares leading the way. In the end, however, it may be the bond market that sends the loudest signal for stock prices. If Treasury yields stay high and the Fed stands pat, there are serious risks to betting on significant further gains in equities. “A broadening rally is crucial but the one thing standing in the way of a strong advance for stocks the rest of the year is the bond market,” said Jamie Cox, managing partner at Harris Financial Group. “That may ultimately put a lid on a hefty year-end rally.” --With assistance from Natalia Kniazhevich. 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STORES across the UK have confirmed they will cut their opening hours over the New Year to give staff an extra rest. Some high-street staples are closing their doors entirely while others are drawing the blinds earlier than usual. 1 Find out which stores are closing for the 2025 New Year Credit: Getty It's good to know when these timings are so you're well prepared and don't waste a day out. Traditionally, most shops are expected to close on New Year's Day, but in recent years retailers have started to change their opening hours. We recommend checking the opening hours of your local store as they aren't always the same across all branches. If you're unsure and can't find any information online, ask a staff member when you're next in. Read more from money CHRIMBO CHEER Christmas opening times 2024 LIVE: Tesco and Asda welcome back punters SEND IT The Post Office's New Year opening times revealed Below are the stores that have confirmed closures on New Year's Eve and New Year's Day... Tesco Tesco is one of the major stores that will reduce it's opening hours but not close its doors entirely. But it's good to be prepared - especially if you're needing to stock up on any last-minute booze for New Year's Eve. On New Year's Eve, Tesco Extra stores and superstores will close at 7pm, with some exceptions on the Isle of Man. Most read in Money RUNNING DRY Fears supermarket Guinness shortage could mean NO supplies for New Year’s Eve WELL ISLE BE We've moved onto an island in London with no bridge - pals say we're 'bonkers' 'SAD NEWS' 'Genuinely gutted' cry locals as popular Scots eatery announces sudden closure SHOP SHOCK Iconic British high street chain forced to close ANOTHER store after 34 years Meanwhile, the majority of Express stores will close at 10pm and some bigger branches will only stay open until 7pm. For New Year's Day, superstores will open from 8am to 6pm. Poundland's £1m Elgin store opens Most Express stores are open from 8am to 10pm but some bigger ones may close earlier. Tesco advises customers check the opening hours of their local store before heading out. Sainsbury's Sainsbury's is also staying open for the New Year period but with shorter service hours. On New Year's Eve, supermarkets will be open from 10am to 7pm and convenience stores from 6am to 9pm. And on New Year's Day, supermarkets will be open from 8am to 8pm and convenience stores from 8am to 9pm. Petrol filling stations will open 30 minutes before and close 30 minutes after the main store on New Year's Day. However on New Year's Eve they will open an hour later. The supermarket will return to its usual operating hours on January 2. Check with your local Sainsbury's to be sure. M&S M&S is reducing its hours on New Year's Eve and completely closing its doors to the public on New Year's Day. The retailer told The Sun: "On New Year's Eve almost 400 of our stores will be open 9am-7pm but customers can check out the hours of their local store on the M&S app or website. "On New Year’s Day, our stores will be closed so colleagues can spend more time with loved ones. The size of your shop and whether it has a food hall may cause hours to vary, so check with your local. Asda Asda will be reducing its hours on both New Year's Eve and New Year's Day. On December 31 it will open at 7am and close at 7pm. While on January 1 it will open at 9am and close at 6pm. Times will vary between stores, however, so shoppers are advised to check the precise timings for their local stores. You can do this via Store Locator tool on Asda's website. Waitrose Waitrose has confirmed it will shut the majority of its stores on New Years Day with only a handful staying open. Those which remain open will continue operating via Deliveroo and Uber Eats. Check with your local Waitrose to find out if it is one of the branches opening on New Year's Day. New Year's Eve opening hours will also vary. However, stores will generally open at 8am and close at 7pm. Aldi Aldi has also confirmed it will close completely on January 1. It is also set to open at 8am on New Year's Eve and close to the public early at 6pm. These hours should be the same across the board so no need to check with your local. Morrisons Morrisons has revealed it will open at 7am on New Year's Eve, and close its doors early at 7pm for all stores in England and Wales. Those living in Scotland can enter stores from 6am. On New Year's Day all stores will open at 8am and close at 6pm. And on January 1 Morrisons will return to its regular operating hours - unless you live in Scotland, where it will open 9am to 6pm. Read more on the Scottish Sun GHOST TOWN Former Scots shopping hotspot 'decaying' as multimillion pound revamp ‘failing’ VAX HORROR Striken Scots 'gaslit' by health bosses after complications from Covid vaccine Supermarket loyalty schemes - which has one? MOST UK supermarkets have loyalty schemes so customers can build up points and save money while they shop. Here we round up what saving programmes you'll find at the big brands. Iceland: Unlike other stores, you don't collect points with the Iceland Bonus Card. Instead, you load it up with money and Iceland will give you £1 for every £20 you save. Lidl Plus : Lidl customers don't collect points when they shop, and are instead rewarded with personalised vouchers that gives them money off at the till. Morrisons: The My Morrisons: Make Good Things Happen replaces the More Card and rewards customers with personalised money off vouchers via the app. Sainsbury's: While Sainsbury's doesn't have a personal scheme, it does own the Nectar card which can also be used in Argos, eBay and other shops. You need 200 Nectar points to save up £1 to spend on your card. You need to spend at least £1 to get one Nectar point. Tesco: Tesco Clubcard has over 17million members in the UK alone. You use it each time you shop and build up points that can be turned into vouchers - 150 points gets you a £1.50 voucher. Here you need to spend £1 in Tesco to get one point. Waitrose: myWaitrose also doesn't allow you to collect points but instead you'll get access to free hot drinks, and discounts off certain brands in store. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk . 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