Mark Lennihan / Associated Press
U.S. stock indexes were falling Tuesday morning after companies including UPS and Under Armour posted weak fourth-quarter results. Investors moved money into bonds and stocks that pay large dividends, such as utilities. Stocks took losses a day earlier after President Trump issued an order banning entry to the U.S. from seven Muslim-majority countries.
KEEPING SCORE: The Dow Jones industrial average fell 127 points, or 0.6%, to 19,845 as of 10 a.m. EST. The Standard & Poor’s 500 index lost 10 points, or 0.5%, to 2,270. The Nasdaq composite fell 29 points, or 0.5%, to 5,584. The Russell 2000 index of small-company stocks declined 4 points, or 0.3%, to 1,348.
SHOELACES UNTIED: Athletic apparel maker Under Armour was plunging after investors were disappointed with its fourth-quarter report, which included higher expenses. Under Armour’s forecast for the current year also failed to excite investors, and the company said its chief financial officer is leaving. The stock tumbled 25% to $18.83. It dropped 30% last year and is now trading at its lowest price since mid-2013. Shares of rival Nike fell 2.5% to $51.76.
RETURN TO SENDER: Package and delivery company UPS sank after it forecast an annual profit that was far smaller than analysts had expected. United Parcel Service expects to earn no more than $6.10 a share this year while FactSet says experts expected $6.15 per share on average. UPS shares fell 6.3% to $109.64, and FedEx fell 2.3% to $188.85. That helped pull industrial companies lower.
EASED OFF THE THROTTLE: Harley-Davidson said it shipped fewer motorcycles in the fourth quarter, and its profit and sales disappointed Wall Street. The company also said it expects shipments to be flat or down this year. Its stock shed 3.6% to $55.83.
DRUG RULING DINGS TEVA: Teva Pharmaceutical Industries slumped after a court ruled that four patents protecting its multiple sclerosis drug Copaxone are not valid. Teva said it will appeal the ruling, which could help competitor Mylan launch a lower-priced version of a key product for Teva. Teva fell 6.3% to $32.34, and Mylan rose 1.4% to $36.87.
POWER OF SCIENCE: Scientific instrument and lab supply company Thermo Fisher Scientific climbed 4% to $149.05 after its net income and revenue in the fourth quarter beat analyst estimates.
ENERGY: U.S. crude oil rose 51 cents, or 1%, to $53.15 a barrel in New York. Brent crude, the benchmark for international oil prices, added 63 cents, or 1.1%, to $55.95 a barrel in London.
BONDS: Bond prices inched higher. The yield on the 10-year Treasury note fell to 2.47%, from 2.49%.
CURRENCIES: The dollar fell to 112.78 yen, from 113.67 yen. The euro rose to $1.0770, from $1.0695.
OVERSEAS: The FTSE 100 index in Britain rose 0.4%, and the CAC 40 of France rose 0.2%. Germany’s DAX slipped 0.1%. Japan’s benchmark Nikkei 225 slid 1.7% after the Bank of Japan raised its growth estimates, which made the yen stronger. That hurts Japanese exporters, as it makes their goods more expensive in other markets. The South Korean Kospi lost 0.8%. Markets in Hong Kong, Markets in China and Taiwan were closed for Lunar New Year holidays.
Article by Associated Press.
ADOW breaks 20,000 – All three major indexes hit record highs again this week before dropping slightly on Friday after a very disappointing GDP report was released. Investors seemed to shrug off the report and analysts expressed optimism for the economy in 2017 despite the poor showing in the final quarter of 2016. The DOW Jones Industrial Average closed the week at 20,093.78, up from last week’s close of 19,827.25. The S&P 500 ended the week at 2,294.69, up from its close of 2,271.32 last week. The NASDAQ closed the week at 5,660.78, up from last week’s close of 5,555.33.
U.S. Treasury Bond yields – The 10-year U.S. Treasury Bond closed the week yielding 2.49%, unchanged from 2.48% last Friday. The 30-year Treasury Bond yield closed the week at 3.06%, also unchanged from 3.05% last week. Mortgage rates follow bond yields, so we watch treasury bonds closely.
Mortgage rates – The Freddie Mac Primary Mortgage Survey released on January 19, 2017, revealed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 4.19%. The 15-year fixed average rate was 3.30%. The 5/1 ARM average rate was 3.20%.
Economy slows in final quarter of 2016 – The U.S. gross domestic product, the broadest measure of the value of all goods and services, grew at a 1.9% annualized rate in the fourth quarter of 2016. This followed a 3.5% rate in the third quarter, which was the largest gain in 2 years. The first half of the year showed the expansion had stalled. It was widely felt that the economy had picked up when the third quarter results showed growth had picked up, but this preliminary report, the first of 3, surprised experts who were expecting at least a 2.5% gain. Analysts quickly came out and expressed optimism for 2017. Investors did not react much by the report and stocks fell just slightly from record levels. For the entire year GDP grew just 1.9% in 2016. The report also showed that consumer spending increased 2.5% and inflation was very tame.
MICHAEL FREY/NIGHT ON BROADWAYThis Saturday, January 28, Night on Broadway — LA’s best festival you’ve probably never heard of — returns to DTLA, shutting down a full mile of Broadway with tons of venues (from classic art deco theaters to restaurants to galleries) participating in a one-of-a-kind, melting-pot ode to the city. The best part? It’s totally free.
The festival is the brainchild of Councilmember José Huizar, who, for the past three years, has helped produce an event more diverse, fun, and affirmative of our city’s rightful place as a cultural center than just about anything else you can do all year, free or otherwise. Don’t believe us? Here’s just some of what you can participate in on Saturday:
Killer music on the main stageFunkmaster general/KCRW favorite Mayer Hawthorne is this year’s headliner, but the main lineup’s got a ton of great stuff, including Oingo Boingo Dance Party (featuring members of Danny Elfman’s iconic LA band), East LA’s Las Cafeteras, and beloved ’80s tribute band The Spazmatics.
Open access to LA’s incredible art deco theatersMany of the city’s most beautiful theaters are open with focused programming during the event — including The Los Angeles Theater, an S. Charles Lee-designed masterpiece that will be hosting immersive dance performances abetted with visual art from IAMSOUND. Elsewhere, the 104-year-old Globe will host sounds of the beloved ’60s-and-’70s groove night Funky Sole, while the Palace Theater will have a revolving slew of comedians, The Million Dollar theater will host an event called “Recalling the Golden Age” with mariachi, swing, mambo, and pop musicians, the Ace has DubLab DJs blasting through a dance party all night, and the Orpheum will feature “The Art of the VJ” with speakers from LA’s exciting visual arts scene. But even if they weren’t hosting events, it’d be worth it to wander in and out of these former movie palaces, which represent a historic LA very rarely open — and almost never free to to the public.
Beer and food gardensAngel City and PBR are hosting beer gardens, so you can get your drink on, and many of the city’s best food trucks and loncheras will be peddling everything from carnitas to sushi.
Absurdist athletic eventsFor the first time ever, there will be a dodgeball cage match — which sounds like a mix between the two best days you ever had in middle school — right on the street. But that’s not all: There’s also chessboxing (yes, it’s a thing — competitors compete in alternate rounds of both games, although this year they get to choose between boxing and jujitsu… seriously), as well as Lucha VaVOOM, the insane Mexican wrestling-meets-burlesque-meets-comedy show.
A super-celebratory LGBT partyThe Boulet Brothers have curated what they’re calling an “LGBT Stage Spectacular” with performances and DJs including Pogo Pope and Whitney Fierce.
Massive art installationsTons of LA muralists, artists, and installationists are planning on displays — including a 12-story harp installed from the ceiling to the street at 7th, and a street art challenge from the Mural Conservancy of Los Angeles.
Virtual reality demos and video gamesSome of the leaders in the VR field are bringing their toys to the street, with promises that participants can (virtually, obviously) scale Everest, ride rollercoasters, fall from skyscrapers, battle mech warriors, and… throw whiskey bottles. Yeah, that’s a game.
People watching, discounts, and exploring DTLAEven if, somehow, none of this appeals to you, the idea of walking the streets of DTLA unhindered by cars, navigating in and out of staples like Grand Central Market as well as Downtown’s new art galleries, restaurants, and stores (with discounts at many of them, ranging from 20% off fashion-y stuff at BNKR to priced-down bikes at DTLA bikes) while participating in a massive civic celebration should make you very excited that this is the city you live in. And if it doesn’t… well, you may want to get checked out.
Article courtesy of Thrillist.
The Dow Jones industrial average inched further into record territory Thursday, eking out a gain while the broader U.S. market indexes drifted lower.
The Dow’s gain came a day after the blue-chip index closed above 20,000 for the first time. The Standard & Poor’s 500 index and Nasdaq composite posted small losses Thursday, snapping two days of consecutive record highs.
More stocks fell than rose on the New York Stock Exchange. Financial stocks led the gainers, while healthcare companies lagged the most.
With about 30% of the companies in the S&P 500 index serving up earnings reports this week, the quarterly report cards continued to be a focus for investors Thursday.
“Earnings have come in strong, for sure,” said Patrick Schaffer, a global investment specialist with J.P. Morgan Private Bank. “The market continues to digest some of the earnings news, and obviously markets don’t go up or down in a straight line.”
The S&P 500 index fell 1.69 points, or 0.1%, to 2,296.68. The Nasdaq slipped 1.16 points, or 0.02%, to 5,655.18. The Dow rose 32.40 points, or 0.2%, to 20,100.91.
Small-company stocks did worse than the rest of the market. The Russell 2000 slid 6.84 points, or 0.5%, to 1,375.60.
Several companies got a boost after they reported results that exceeded Wall Street’s expectations, including Sherwin-Williams. The paint and coatings company also said it expects to complete its $11.3-billion purchase of Valspar within 90 days after making a relatively small divestiture. The stock climbed 7.6% to $305.
Traders welcomed an optimistic 2017 forecast and good bookings from Royal Caribbean Cruises. The cruise operator’s stock jumped 9.1% to $95.64.
New Commerce Department data indicating that sales of new U.S. homes fell 10.4% in December didn’t weigh on PulteGroup. The home builder’s quarterly earnings and sales beat financial analysts’ estimates, lifting its shares 3.6% to $21.18.
United Rentals led the gainers in the S&P 500. The equipment rentals company announced that it would acquire construction company NES Rentals for $965 million. United Rentals vaulted 11.2% to $127.06.
A slump in toy sales over the holidays dampened Mattel’s latest results. The toy maker was the biggest decliner in the S&P 500, sliding 17.6% to $25.99.
Investors also were put off by McKesson’s fiscal third-quarter results, which were hurt by weaker-than-expected prices. Shares of the prescription drug distributor slid 8.3% to $138.55.
Whirlpool tumbled 8.5% to $173.94 after the appliance maker said Britain’s impending departure from the European Union hurt its profits.
Investors will be looking Friday to a key gauge of the U.S. economy’s health when the Commerce Department delivers its estimate of what the nation’s gross domestic product was in the final quarter of 2016.
Major stock indexes overseas were mixed Thursday.
Germany’s DAX rose 0.4%, while the CAC-40 in France slipped 0.2%. The FTSE 100 index of leading British shares was flat. In Asia, Japan’s Nikkei 225 surged 1.8% and South Korea’s Kospi gained 0.8%. Hong Kong’s Hang Seng index rose 1.4%. Markets in China, Hong Kong, South Korea and other Asian countries are about to begin holidays of varying lengths to mark the lunar new year, curtailing trading across much of the region.
Bond prices rose. The 10-year Treasury yield slid to 2.50% from Wednesday’s 2.52%.
The dollar increased to 114.42 yen from 113.60 yen. The euro fell to $1.0692 from $1.0743.
Energy prices moved broadly higher. Benchmark U.S. crude oil rose $1.03, or 2%, to $53.78 a barrel. Brent crude, used to price international oils, rose $1.16, or 2.1%, to $56.24 a barrel. Wholesale gasoline rose 2 cents to $1.54 a gallon, heating oil rose 3 cents to $1.64 a gallon, and natural gas futures rose 5 cents to $3.38 per 1,000 cubic feet.
Gold fell $8 to $1,189.80 an ounce. Silver slid 13 cents to $16.85 an ounce. Copper fell 4 cents to $2.67 a pound.
Article by Associated Press.
What with the sheer size and density of Los Angeles, native angelenos and newcomers alike sometimes feel perplexed about where to go and what to do. The city, built on Hollywood romance, the beach, beautiful people and traffic, gives off both fantasy and reality. Going into the new year, everyone has their New Year’s resolutions, but what about creating some L.A.-specific resolutions?
If you’re still trying to pencil in bucket list items for 2017 then here’s one (humble) suggestion: Start below.
Grand Central Market. Photo by Christina Minh / We Like L.A.
1. Dine and Explore at Grand Central MarketGrand Central Market may be turning 100 this year, but the historic food hall continues to reinvent and refresh itself with an extraordinary line-up of culinary offerings and happenings. Among the many choices are Bar Moruno, Horse Thief BBQ, falafel purveyors Madcapra, and the ever-popular Eggslut. Since extending its hours to 10 p.m., Grand Central Market has established itself as a vibrant nighttime destination with its inventive mix of food, drink, and entertainment. The Market’s schedule of nighttime entertainment includes Sunday Jazz Nights, Trivia Tuesdays, Thursday Game Night and Drag Queen Bingo. Online radio station dublab recently launched Grand Central Fridays, bringing its soundsystem and DJ collective to the Market on a weekly basis to provide tunes to get the evening — and weekend — started. In addition, the Market hosts special evenings, such as readings with the Los Angeles Review of Books.
2. Play at a Virtual Reality Arcade: VR TerritoryVR Territory is one of the world’s first virtual reality arcades, with fully immersive VR experiences within 10′ x 10′ individual spaces. It’s the only fully dedicated, officially licensed place for virtual reality in Los Angeles. Gamers can enjoy multiplayer and single-player entertainment experiences via the most innovative technology in decades. For 2017, VR Territory is adding Active VR experiences to help you get healthy and trim while enjoying Virtual Reality.
Photo by Brian Champlin / We Like L.A.
3. Go to an Outdoor Movie ScreeningThere’s nothing quite like watching a movie under the stars. From vintage old-Hollywood movies to cult classics and more, Los Angeles offers plenty of opportunities to watch great films outdoors. Cinespia, at Hollywood Forever Cemetery, offers screenings where guests can watch classic stars of the silver screen near some of their gravesites. Tickets are $16 (not including optional parking) and can be purchased online here. Street Food Cinema hosts numerous outdoor screenings all over town, with the added bonus of food trucks and live musical performances. More info and tickets can be found on Street Food Cinema’s website here. Other screening options include Rooftop Cinema Club atop the roof of Hollywood’s 90-year-old Montalbán Theater and Eat|See|Hear on Saturdays all over town.
Image via Rooftop Cinema Club
4. Do a Free Public Tour at JPLLocated in Pasadena, the Jet Propulsion Laboratory (JPL) is a unique national research facility that carries out robotic space and earth science missions. For those wanting a peek into outer space, this federally funded research and development center offers tours free of charge on an advance-reservation basis. JPL offers three types of tours: educational group tours (20 or more people), public group tours (20 or more people), and visitor day tours (up to 10 people max per reservation). During tours, guests receive an overview of the Laboratory’s activities and accomplishments, and visit the von Karman Visitor Center, the Space Flight Operations Facility, and the Spacecraft Assembly Facility.
5. Spend Time at a Botanical GardenL.A. isn’t just home to traffic, freeways, and buildings; the city also boasts an impressive array of gardens and green spaces for locals and visitors to explore. Some of the more popular gardens include the vast, 120-acre Huntington Library and Botanical Gardens, the 160-acre Descanso Gardens in La Cañada Flintridge and the 127-acre botanical garden and historical Los Angeles County Arboretum & Botanical Garden. Among the other beautiful gardens across the city: the Japanese Garden in Van Nuys, Rancho Santa Ana Botanic Garden, Beverly Hills’ Robinson Gardens.
[RELATED: 16 Gorgeous Los Angeles Botanical Gardens You Definitely Need to Visit Once]
Japanese Garden Bridge at the Huntington Library. Credit: Michael Saechang via flickr cc
6. Have a Group Dining ExperienceDining in L.A. has taken a bit of a turn, as people are now opting to sit at a table with strangers at a secret location trying different cuisines. Supper clubs, including the DTLA Dinner Club, have taken L.A. by storm, wherein home chefs and trained restaurant chefs alike dabble in this new form of food art. The Roulette Society in West Hollywood is a series of pop-up events and dinner parties for the interesting and interested, while Chef Craig Thornton, via Wolvesmouth, hosts a pop-up dinner featuring world-class cuisine at his home. Thornton also has a new seafood centric series called Sharksteeth.
Others options include the Disco Dining Club, Hyejin Cho and Itay Zach’s Foodshop, The Coconut Club, and many more. We Like L.A. also had a fun experience checking out a Feastly event in the Arts District this past month (see pic below).
7. Enjoy at Least One Free Museum DayThose looking to get their culture fix in L.A. can do so for free all across town, as many of our museums are either free or have free museum days. The Broad Museum in DTLA is free with reservations, while The Getty and Getty Villa are both free (though you do have to pay $15 for parking if you choose to drive). At LACMA, all guests receive free general admission on the second Tuesday of every month, while L.A. County residents receive free general admission on Mondays, Tuesdays, and Thursdays from 3 p.m. to 5 p.m. and on Fridays from 3 p.m. to 8 p.m. The Huntington Library is free the first Thursday of the month when you book an advance ticket, while the Natural History Museum is free the first Tuesday of every month (except July and August). A number of other free museums include the Hammer Museum, California Science Center, Griffith Observatory, Fowler Museum, and many more. See the list below is many more options.
[RELATED: A Handy List of Free Museum Days in Los Angeles]
The Getty Center. Credit: Nick Webb via flickr cc
8. Do L.A. on Foot at CicLAviaCicLAvia, a leader in the global open streets movement, temporarily closes streets to car traffic, opening them to Los Angelenos to use as a public park. This non-profit group catalyzes vibrant public spaces, active transportation, and good health through car-free street happenings across the city, giving Angelenos a great excuse to explore L.A. by foot, each time in a different neighborhood. CicLAvia currently has two events coming up: “Culver City Meets Venice presented by Metro” on March 26, and another in June, “Glendale to Atwater,” with more to be announced soon.
CicLAvia in 2011 near MacArhtur Park. Credit: Steve and Julie via flickr cc
9. Meet the Grunion at Cabrillo Marine AquariumDown in San Pedro, spend a night at the Cabrillo Marine Aquarium and meet some grunion. The small sardine-size fish arrive at night after high tide around the new moon and full moon, and Cabrillo Beach is one of the best locations to view them. The Aquarium opens at 8 p.m. During the auditorium program beginning at 9 p.m., guests learn about the interesting mating rituals and growth of this curious fish, followed by guided observation on the beach. Tickets are just $5 for adults and $1 for seniors, students, and children.
Photo by Gary Florin / Cabrillo Marine Aquarium
10. Go to a Free Live Music ShowFree concerts in L.A. aren’t hard to find, as music is one the city’s main forms of entertainment. Particularly during the summer months (such as Twilight Concerts at The Pier and lunchtime concerts amid food trucks at DTLA’s Grand Park), a number of venues and locations host free events, though some also have free concerts year-round. For a local vibe, check out local LA bands showing off their tunes every Monday night at The Satellite in Silver Lake. Other free music events include: Music Spotlight Series at Universal CityWalk, Echo Park Rising and Make Music Pasadena.
Article by We Like LA.
Every week in Los Angeles there are tons of great things to do (even before the weekend gets started) that we think you ought to have on your radar. With that in mind, we put together a list every Monday morning to keep you in the know about what’s happening in the city you love (or maybe just like).
This week, from Monday, Jan. 23 to Friday, Jan. 27, features the stARTup Art Fair, TechFair LA, The Night of Ideas, a David Bowie exhibit at Forest Lawn, a Classic Auto Show, and LOTS more.
Hope you find the rundown useful and, as always, enjoy your week!
Photo via Sstartup Art Fair on Facebook
Monday January 23rd, 20171. L&E Oyster Bar is celebrating five years of being one of the most beloved spots in Silver Lake with free oysters from Jan. 23 to Jan 26. Oysters will be shucked until they run out at L&E’s upstairs bar starting at 5 p.m. FREE
2. The Moth storytelling event returns to the Regent Theatre on Jan. 23 for a GrandSLAM featuring the winners of the past 10 Moth StorySLAMS.
3. Grab a beer and enjoy Astronomy on Tap held by Caltech Astronomy. There will be astrophysics and NASA prizes given out to those who participate in the astronomy quiz and hosting bar Der Wolfskopf will offers attendees special Astronomy on Tap happy hour prices on a selection of food and drink.
4. dineL.A. Restaurant Week continues through Jan. 27. More than just a week, dineL.A. offers food-lovers two straight weeks to taste, explore, and enjoy various prix-fixe menus from top restaurants across Los Angeles. Need a little help selecting places to go? Try our nifty guide to dineL.A. which includes our top picks
5. The Alchemist’s Lab is an escape room experience putting you right in the shoes of a junior detective at Scotland Yard in the 19th century. Do you have what it takes to uncover the devious plans of the alchemist? Happening all week. DISCOUNTED (via Goldstar)
6. Catch L.A.’s longest running weekly burlesque show Monday Night Tease at Three Clubs in Hollywood on Mondays. DISCOUNTED (via Goldstar)
7. Redondo Beach Restaurant Week continues through 27, and will feature 14 eateries from the beach city’s burgeoning food scene. All participating restaurants will offer either specially priced prix-fixe lunches and/or dinners, or other Restaurant Week-only specials.
8. The Queen Mary is issuing a special Locals’ Annual Pass to make it easier than ever for SoCal residents to visit the world-famous cruise liner all year round. The pass includes complimentary three-hour parking and admission to the ship and exhibits. Grab yours for a special price on Goldstar! DISCOUNTED (via Goldstar)
Tuesday January 24th, 20179. Los Angeles boutique DJ collective Dart DJs return to the Ace Hotel in DTLA for Throwing Darts, a vinyl-only night featuring Dart DJ’s, secret guests and the best in disco, funk, and soul grooves. FREE
10. Play Indiana Jones for a day with Escape Room LA: The Cavern. Find clues and solve puzzles to get your hands on a lost civilization’s ancient treasures hundreds of feet below Downtown Los Angeles! Happening Tuesday and Thursday. DISCOUNTED (via Goldstar)
11. Food Truck Night at The California Heritage Museum in Santa Monica.
12. Escape Room LA: The Theatre has you trapped inside a creepy theater haunted by a ghost. The only way out is to uncover clues and puzzles to release the ghost before time runs out. Happening Tuesday and Thursday. DISCOUNTED (via Goldstar)
13. The Lincoln presents “For the Record,” a weekly series where guests bring in their own vinyl for a unique DJ set from 7 p.m. to 2 a.m. This week’s theme is Jazz + Soul with DJ Jordan Blackmon from Toro Y Moi. FREE
14. Escape Room LA presents The Alchemist a magical medieval adventure that has you race against time to solve puzzles and clues to escape the lab of an ancient alchemist. DISCOUNTED (via Goldstar)
Wednesday January 25th, 201715. Every Wednesday night is Drag Queen Bingo at Hamburger Mary’s in West Hollywood. It’s a comedic event featuring transgender hosts, celebrity guests, and fabulous prizes.
16. This week Glendale Arts POPUP! Intro to Music series continues with a intro to The Blues with guitar and the ukulele workshop at Brand Library. Open to the public the event is free, but the organizers are encouraging a $5 donation from each participant.
17. L.A. Urban Adventures invites you to relive Old Hollywood by taking a stroll down the Hollywood Walk of Fame while stopping to hear stories about historic spots, sample drinks made famous during the Golden Age and try out local street food. DISCOUNTED (via Goldstar)
18. The Slurring Bee makes its way to The Virgil this Wednesday for a bar spelling bee where participants pay $5 to compete, take a first Slurring Bee Shot and spell. From there on it keeps going until a queen or king bee is crowned. Winner receives half the pot, bee-themed prizes and their picture immortalized on The Slurring Bees Wall of Fame, plus automatic placement in the Tournament of Champions!
19. The Pasadena Museum of California Art is currently having a special on admission through Goldstar where tickets are complementary with a $3 service fee (tickets usually cost $7 a person.) See current exhibits by Llyod Hamrol, Joan Perlman and a 90 painting show on California coast culture titled: In the Land of Sunshine. The promo runs throughout the week and weekend for the next few weeks. DISCOUNTED (via Goldstar)
20. The Westchester co-ed dodgeball league will hold a free open gym for anyone 18+. Join the World Dodgeball Society team for a fun night of dodge ball and theme nights that extend to pub crawls, karaoke and more!
21. Tales from Tinseltown is a new storytelling show hosted by Megan Hayes (Hunger Games, Sleepy Hollow) and Oscar Sagastume (Multiple Moth Winner, Buzzfeed). Where performers share some of Hollywood’s dirty secrets and maybe a few of their own. The lineup includes Dylan Brody (NPR, Sirius/XM), Bill Ratner (GI Joe, Voice Over Legend), Richelle Meiss( RIOT LA, UnFictional), Justin Welborn (Justified, The Signal) and Meg Swertlow( EtOnline Producer, “The Irresponsible Girl’s Guide to Dating”). Tickets cost $5.
22. L!VE Talks Los Angeles presents Michael Lewis in conversation with Mindy Kaling discussing his upcoming book, The Undoing Project: A Friendship That Changed Our Minds
Thursday January 26th, 201723. The Night of Ideas at Bergamot Station is a modern-day salon exploring past, present and future utopias throughout the 32 art galleries within Bergamot Station.
24. Art Los Angeles Contemporary’s 8th Annual Art Fair at Barker Hangar (Jan. 26-29) in Santa Monica will feature galleries from around the world and incorporate talks, presentations and performances by various artists. Check for discount tickets while supplies last. DISCOUNTED (via Goldstar)
25. TechFair LA comes to The Magic Box at The REEF in Downtown Los Angeles. Considered the biggest job fair in LA’s tech ecosystem the fair will feature over 200 of LA’s best technology companies looking to hire candidates in engineering, marketing, sales, and much more.
26. Taschen’s semi annual sale takes place at the North Beverly Drive location (Jan. 26-29) the sale is the perfect time to re stock your book shelves! Score discounts of 30% to 75% on display and slightly damaged titles in subjects like fashion, art, architecture, photography, music, interior design, pop culture, and more
27. ART+WINE Soirée with Dali is a reception, with electro flamenco entertainment and a ballroom dinner at the Hotel Normandie.
28. The Virus: An Immersive Escape Room Experience happening Thursday and Friday. DISCOUNTED (via Goldstar)
29. Spend a day at the races with the Farriers Package at Santa Anita Race Tracks. The package includes admission to the races, box seating and a racing program, along with a pint of local craft beer. Happening Thursday and Friday. DISCOUNTED (via Goldstar)
30. The Un-Private Collection talk series continues with a conversation between artist Thomas Houseago and rock bassist and art collector Flea. Your ticket gets you access to The Broad Museum as well. Works by Houseago are currently on view as part of the museum’s exhibit Creature.
31. Throwback Thursdays at NoHo cinema screens Time After Time this week. DISCOUNTED (via Goldstar)
32. Free admission days this Thursday for: MOCA Grand & MOCA Geffen (from 5 to 8 p.m.), Skirball Cultural Center, Japanese American National Museum (all day), Pasadena Museum of California Art (from 5 to 8 p.m.) and Long Beach Museum of Art (3 to 8 p.m,)
Friday January 27th, 201733. The Friday the Forest Lawn Museum presents David Bowie: Among the Mexican Masters, an exhibition that highlights rare moments from the late musician’s only visit to Mexico City 20 years ago. FREE
34. Experience the food, culture and history of Downtown Los Angeles through a three hour foodie tour this Friday. DISCOUNTED (via Goldstar)
35. GIRLSCHOOL is back at the Bootleg Theater from Jan. 27 through 29. The Los Angeles-based women-led music festival features great music, educational panels, and community-oriented workshops for girls and women alike. This year’s line-up includes Chelsea Wolfe, The Bird and the Bee, Deap Vally, Caroline Smith, and other unique artists.
36. stARTup Art Fair comes to the Highland Gardens Hotel in Hollywood (Jan. 27-29) with a unique selection of art made by 39 artists from all over the country. Check for discount tickets while supplies last. DISCOUNTED (via Goldstar)
37. Dragapalooza takes over the El Portal Theatre with an over-the-top variety show featuring a cast of celebrity drag queens that include RuPaul’s Drag Race winner Sharon Needles, Adore Delano, Courtney Act, Derrick Barry, Willam, Mimi Imfurst and Trixie Mattel. DISCOUNTED (via Goldstar)
38. MORE ART HERE: Open Studios at Santa Monica Art Studios (Jan. 27-29) is a free event featuring over 25 artists as they open their studios to the public and allow attendees to interact, speak with and watch the artists at work.
39. It’s a Presidential themed Rocky Horror Picture Show at The Rockwell. Let broadway, film and TV stars dazzle you on stage to help you forget about the dismal election for just one moment. Show happens Friday and Saturday. DISCOUNTED (via Goldstar)
40. The Inaugural Classic Auto Show comes to the LA Convention Center on Jan. 27-29. The three-day celebration of all things auto will showcase the best classic and vintage cars from all over the world. Check for discount tickets while supplies last. DISCOUNTED (via Goldstar)
41. Inked presents the California Golden State Tattoo Expo at the Pasadena Convention Center on Jan. 27, 28, and 29 for a gathering of the most talented tattoo artists all under one roof.
42. Every Friday of January, Greenbar Distillery in Downtown Los Angeles will host cocktail classes featuring seasonal and themed drinks. This weeks theme is Seasonal Cocktails.
43. Free admission day this Friday for: Long Beach Museum of Art and Museum of Latin American Art (5 to 9 p.m.)
Article by We Like LA.
Stocks up on Inauguration Day – Stocks rose Friday after dropping steadily during the week. Even with Friday’s gains, stock markets ended the week lower. The DOW Jones Industrial Average closed the week at 19,827.25, down from last week’s close of 19,885.73. The S&P 500 ended the week at 2,271.32, unchanged from its close of 2,274.64 last week. The NASDAQ closed the week at 5,555.33, down from last week’s close of 5,574.12.
U.S. Treasury Bond yields – Treasury bond yields rose this week. The 10-year U.S. Treasury Bond closed the week yielding 2.48%, up from 2.40% last Friday. The 30-year Treasury Bond yield closed the week at 3.05%, up from 2.99% last week. Mortgage rates follow bond yields, so we watch treasury bonds closely.
Mortgage rates – The Freddie Mac Primary Mortgage Survey released on January 19, 2017 revealed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 4.09%. The 15-year fixed average rate was 3.34%. The 5/1 ARM average rate was 3.21%. Rates rose near the end of the week. They should be about 1/8% higher in next week’s survey.
California home sales and prices up in December – The California Association of Realtors reported that December’s statewide median price was $509,960, up 3.9% from last December’s median of $489,770. For the year, the median price was $502,250, up 5.4% from 2015’s median price. For 2016, preliminary figures had 416,250 existing homes sold, up 1.7% from 2015’s 409,410 existing homes sold. Existing home sales include all attached and detached re-sale single family homes reported as closed escrow to MLS systems throughout California. Very concerning was the unsold inventory index. It showed that there is only a 2.6 month supply of homes on the market. A normal market has a 6 to 7 month supply.
California unemployment rate drops to 5.2% – The California Employment Development Department reported that California employers added 3,700 net new jobs in December. It was a solid year with the state adding 383,900 new jobs in 2016. The unemployment rate dropped to 5.2%, down from 5.9% last December. Los Angeles County had even stronger results. The county’s employers added 58,600 net new jobs in 2016. The L.A. County unemployment rate ended the year at 5%, down from 6% at the end of 2015.
Los Angeles provides no limit of things to do, some awesome and some not so awesome. Since time is precious in this fast paced city, we decided to curate a list of things to do in Los Angeles every week end that’ll help you decide how you want to spend your limited supply of attention (not to mention dollars!).
This weekend (Jan. 20 to Jan. 22) includes the Pancakes & Booze Art Show, Riot LA, a wine festival at Union Station, Women’s March Los Angeles, an paella party at L&E, and LOTS more to choose from.
The old ticket room at Union Station. Credit: Steve and Julie via flickr cc
Friday January 20th, 20171. The Pancakes & Booze Art Show returns to Lot 613 in Los Angeles on Jan. 20 and Jan. 21 for an art exhibition offering a delectable mix of booze, flapjacks, and work from local artists.
2. 2017’s Riot LA Comedy Festival runs from Jan. 19-22. The lineup of comedic all-stars for this year includes Ali Wong, Felipe Esparza, the return of Dr. Katz, plus a live chat with Mel Brooks followed by a screening of Blazing Saddles. For those interested we spotted a few discount deals via Goldstar you might also want to take advantage of for the following:
4. Thrones!, a hilarious musical parody of Game of Thrones is playing at The Hudson Theatre in Hollywood Friday and Saturday. DISCOUNTED (via Goldstar)
5. Fight for democracy by singing your butts off during A Hamilton Singalong, join an audience of revolutionaries as they sing through the entire score of the hit musical Hamilton during this Inauguration Day defiance dance party taking place at Three Clubs. No cover, NOT MY PRESIDENT cocktail specials, $1 tacos and Cheetos for everyone!
6. Sure to be a devilish good time, “Helvis” and His Angels of Mercy will perform a song and striptease during Greaseland Rockabilly & Burlesque at Harvelle’s in Long Beach. DISCOUNTED (via Goldstar)
7. dineL.A. Restaurant Week continues through Jan. 27. More than just a week, dineL.A. offers food-lovers two straight weeks to taste, explore, and enjoy various prix-fixe menus from top restaurants across Los Angeles. Need a little help selecting places to go? Try our nifty guide to dineL.A. which includes our top picks
8. The Virus: An Immersive Escape Room Experience happening Friday through Sunday. DISCOUNTED (via Goldstar)
9. Every Friday of January, Greenbar Distillery in Downtown Los Angeles will host cocktail classes featuring seasonal and themed drinks. This weeks theme is New Orleans Cocktails.
10. The Odyssey Theatre Ensemble will host free previews for the Koan Unit’s production of “BECKETT 5” five rarely seen, short plays by Samuel Beckett from Jan. 18 to 20 at 8 p.m. The public must call in advance to reserve a seat, and mention WE LIKE LA for this freebie
11. It’s a Presidential themed Rocky Horror Picture Show at The Rockwell. Let broadway, film and TV stars dazzle you on stage to help you forget about the dismal election for just one moment. Show happens Friday and Saturday. DISCOUNTED (via Goldstar)
12. Spend a day at the races with the Farriers Package at Santa Anita Race Tracks. The package includes admission to the races, box seating and a racing program, along with a pint of local craft beer. Happening all weekend. DISCOUNTED (via Goldstar)
13. Redondo Beach Restaurant Week continues through 27, and will feature 14 eateries from the beach city’s burgeoning food scene. All participating restaurants will offer either specially priced prix-fixe lunches and/or dinners, or other Restaurant Week-only specials.
14. The Completely Different Late Show put on by the cast of the Groundlings’ Main Company will have you LOLing in your seats while shouting ridiculous scenarios to a seasoned cast of improv. DISCOUNTED (via Goldstar)
15. The Alchemist’s Lab is an escape room experience putting you right in the shoes of a junior detective at Scotland Yard in the 19th century. Do you have what it takes to uncover the devious plans of the alchemist? Happening Friday through Sunday. DISCOUNTED (via Goldstar)
16. Free admission day this Friday for: Long Beach Museum of Art
Saturday January 21st, 201717. Uncorked: L.A. comes to Union Station on Saturday Jan. 21 for the biggest wine experience in the city. Come get your fill of more than 150 wines, a champagne bar, and gourmet food trucks.
18. Women’s March Los Angeles happens the day after Inauguration Day. Join Angelenos who support human rights, civil liberties, tolerance of diversity and compassion in Pershing Square to march through DTLA. Post march there will be live entertainment, food trucks and informational booths to keep the fight going.
19. Experience the food, culture and history of Downtown Los Angeles through a three hour foodie tour this Saturday and Sunday. DISCOUNTED (via Goldstar)
20. Michael Rosenbaum, Theo Von and more will be doing stand-up at L.A.’s legendary Comedy Store on the Sunset Strip. DISCOUNTED (via Goldstar)
21. Learn the Winter Olympics sport of curling! Beginner and pros are all welcome. The lesson will feature an excellent introduction to the basics, including sliding stones, sweeping, and game strategy. All equipment provided.
22. Stop by Eagle Rock Brewery’s 7th Anniversary Party this Saturday featuring ticketed drink tastings, food trucks and more!
23. Chinese New Year Festival in Monterey Park is a two day street fair featuring live entertainment, art, street food and a carnival. FREE [UPDATE: Monterey Park’s Chinese New Year’s celebration is actually next weekend, Jan. 28-29.]
24. Head over to Sunset Beach for the International Tiki Market Place. Score some tiki goods from over 50 vendors, the $10 admission even comes with a voucher for food & drink.
25. Brooklyn-born craft market Artists & Fleas will be Venice Beach this weekend and will feature locally made art, fashion, vintage and beyond.
26. The Rookery 4th Anniversary Beer Fest in Pomona will offer 4oz pours of rare brews on tap in a pay as you go format.
27. The Los Angeles Master Chorale will perform Beethoven’s Missa solemnis on Jan 21 and 22 at Walt Disney Concert Hall. This marks the first 2017 performance for the L.A. Master Chorale and will feature 120 singers, a full orchestra, and four soloists conducted by Artistic Director Grant Gershon.
Sunday January 22nd, 201728. L&E Oyster Bar is celebrating five years of being one of the most beloved spots in Silver Lake with a paella party this Sunday, Jan. 22. starting at 5 p.m. Chef Spencer Bezaire will be serving paella, on the house, until it’s gone. Since L&E shucks up some of the best oysters in town the generous team will also serve FREE oysters… until they run out (which may be quick depending on how many people show). FREE
29. The Petersen Automotive Museum is hosting a free screening of Goldfinger (1964) on Sunday. FREE
30. Ladyface Ale Company in Agoura Hills is celebrating their 7th anniversary with an invitational boutique beer festival. Attendees will have the opportunity to quench their thirst, try hard-to-find ales, and even savor the debut of the “The Shepherdess,” Ladyface’s barrel-aged Belgian barleywine.
31. The Aqualillies will lead a fun and creative synchronized swim class at the Annenberg Community Beach House where you’ll learn back layouts, ballet legs, torpedoes and more! The class cost $37 a person and comes with parking and hot chocolate.
32. The Pasadena Museum of California Art is currently having a special on admission through Goldstar where tickets are complementary with a $3 service fee (tickets usually cost $7 a person.) See current exhibits by Llyod Hamrol, Joan Perlman and a 90 painting show on California coast culture titled: In the Land of Sunshine. The promo runs throughout the week and weekend for the next few weeks. DISCOUNTED (via Goldstar)
33. Laughing Matters: The Inaugural Comedy Ball at The Improv is a night of stand-up benefiting nonprofits Human Rights Watch and Feminist Majority. Featuring Kevin Nealon, Carol Leifer, Erica Rhodes, Selene Luna hosted by Bruce Vilanch.
34. The Queen Mary is issuing a special Locals’ Annual Pass to make it easier than ever for SoCal residents to visit the world-famous cruise liner all year round. The pass includes complimentary three-hour parking and admission to the ship and exhibits. Grab yours for a special price on Goldstar! DISCOUNTED (via Goldstar)
35. The Federal Bar presents another installation of Gary Calamar’s Mimosa Music Series. The free show will feature Chuck Prophet and Mt. Joy this Sunday.
36. Free admission days this Sunday for: Museum of Latin American Art and pay what you can at the Craft and Folk Art Museum. FREE
Article by We Like LA.
You are probably already familiar with the free birthday rides offered by the Catalina Express to Catalina Island. Some 350,000 people have ridden to the island for free on their birthdays since the program began in 2011, but this year the deal is being tweaked to encourage passengers to bring a friend.
Last week the Catalina Express announced the inception of the ‘Share Your Birthday Ride Promotion‘ whereby any passenger booking a departing trip on the day of their birthday will be able to bring a friend free of charge. Simply put, it’s two for the price of one.
With a general seating fare costing $36.75, any birthday passenger buying two adult ride tickets would save $73.50 on the round trip. The offer is valid for departures/returns from all of Catalina Express’ mainland or island ports, and a return trip must be completed within 30 days.
Overlooking Avalon on Catalina Island. Credit: Mark Roland via flickr cc
Now, a few logistics…
If you’re thinking about taking advantage of the offer on your b-day in 2017, then here are few rules and restrictions you probably want to keep in mind:
Oh, and if you’re planning to spend a full day (or more) on the island anytime soon, make sure to read up on what you can do there via this handy list of things to do on Catalina.
Article by We Like LA
Paul Sancya / Associated Press
General Motors said Tuesday that it will make a $1-billion investment in its U.S. factories that will create or keep about 1,500 jobs.
The investment is part of the normal process of equipping factories to build new models, and it has been planned for months, a person briefed on the matter said this week.
The Detroit automaker also said Tuesday that it will begin work on insourcing axle production for its next-generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs.
The company also confirmed that a supplier will make components for GM’s next-generation full-size pickup trucks in Michigan, moving 100 supplier jobs from Mexico to the United States.
“As the U.S. manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners,” GM Chairman and Chief Executive Mary Barra said in a statement. “The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.”
President-elect Donald Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S.
Earlier this month, Trump threatened on Twitter to tax GM for importing the compact Chevrolet Cruze. Although GM builds hatchback Cruzes in Mexico, most Cruze sales are Ohio-built sedans.
On the eve of the Detroit auto show press days last week, Barra said the company has no plans to change where it produces small cars in response to to Trump’s threats.
Barra said the auto business has long lead times for where it produces vehicles, with decisions are made two to four years ahead.
Barra, who is part of a Trump economic advisory group, said it’s too early to talk about a possible tariff. She said the company has more in common with Trump’s goals on trade and jobs than differences.
Article by Associated Press.