Dow Sheds 300 to End Week

Posted on December 11, 2015 by CanucksBanter

U.S. stocks closed out a volatile week with sharp losses Friday, as oil hit near-seven-year lows and news of another corporate merger weighed ahead of the Federal Reserve’s highly anticipated decision on rates next week.

The Dow Jones industrial average plunged 309.54 points, or 1.8%, to close out the week at 17,265.21. DuPont and Goldman Sachs were the greatest weights on the index as nearly all member stocks declined.

The S&P 500 stumbled 41.44 points, or 2%, to 2,010.79, as energy lost more than 3% to lead all sectors lower.

The NASDAQ index deducted 111.71 points, or 2.2%, to 4,933.47, as Apple traded more than 2.5% lower.

U.S. chemical giants DuPont and Dow Chemical officially agreed to merge in an all-stock deal to form a combined company valued at $130 billion U.S. The new firm, to be called DowDuPont, is expected to eventually separate into three entities.

Despite declines of about 5% Friday, DuPont is still up about 4% for the week so far. Dow Chemical traded more than 2% lower Friday, on track for slight gains for the week.

BlackRock traded more than 6% lower, while Legg Mason and Charles Schwab were off more than 4.5% in afternoon trade.

In economic news, October U.S. business inventories were unchanged, while September’s figure was revised to 0.1% from 0.3%

The preliminary read on December U.S. Michigan Consumer Sentiment was 91.8.

November retail sales rose 0.2%. Ex-autos, retail sales rose 0.4%.

The U.S. Labor Department said on Friday its producer price index advanced 0.3% after falling 0.4% in October.

Prices for the 10-year Treasury gained sharply, lowering yields to 2.14% from Thursday’s 2.23%. Treasury prices and yields move in opposite directions.

Oil prices slid $1.22 a barrel to $35.54 U.S.

Gold prices gained $5.16 to $1,076.74 U.S. an ounce.

Source: WallSt Money US Market Commentary (December 11, 2015 – 5:53 PM EST)

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NHL MORNING SKATE – DEC. 10, 2015

Posted on December 10, 2015 by CanucksBanter

NHL MORNING SKATE – DEC. 10, 2015

Welcome to the “NHL Morning Skate,” a daily collection of the latest news and notes from around the League.

WEDNESDAY’S RESULTS

Home Team in Caps
Boston 3, MONTREAL 1
EDMONTON 4, San Jose 3 (OT)
Pittsburgh 4, COLORADO 2
VANCOUVER 2, NY Rangers 1

NEVER SAY NEVER
hree of Wednesday’s four games saw teams overcome third-period deficits en route to victories. Overall, there have been 159 comeback wins through 420 games played this season, including 66 in the third period.

BRUINS RALLY PAST CANADIENS IN FINAL WINTER CLASSIC TUNE-UP

The Bruins scored three unanswered goals in the third period, including a pair in 42 seconds that erased a 1-0 deficit, to defeat the Canadiens in their final meeting before the 2016 Bridgestone NHL Winter Classic at Gillette Stadium in Foxborough, Mass., on New Year’s Day.

* The Bruins and Canadiens met for the 732nd time in the regular season, the most of any two teams in NHL history (BOS: 272-348-112, MTL: 357-265-110). They also have faced off more than any two clubs in the Stanley Cup Playoffs (177 GP).
* Despite that history, Elias notes that the Bruins overcame a third-period deficit to defeat the Canadiens in Montreal for just the fifth time in the regular season (366 GP) and second time since League expansion in 1967-68. The other instance: Feb. 6, 2013, when Tyler Seguin and David Krejci scored less than two minutes apart to rally the team to a 2-1 win.
* The Bruins snapped a seven-game skid in the head-to-head series with their first regular-season win against the Canadiens since March 12, 2014 (0-6-1). They had lost the last six in regulation following Montreal’s seven-game victory in the Second Round of the 2014 Stanley Cup Playoffs.
* The Bruins improved to 7-1-2 in their past 10 contests overall and 5-0-2 in their last seven games as visitors. At 10-2-2 (22 points), they rank second in the NHL in both road wins (tied w/ SJS) and road points this season.
* Tuukka Rask made 32 saves, including 25 through the opening two periods, to extend his personal point streak to seven games (5-0-2, 1.61 GAA, .946 SV%, 2 SO). He also picked up his fourth victory in 22 career regular-season appearances vs. MTL, all of which have come at Bell Centre (11 GP).

HALL LIFTS OILERS IN McLELLAN’S FIRST GAME AGAINST SHARKS

Ryan Nugent-Hopkins (1-1—2) evened the game with 4:37 remaining in regulation and Taylor Hall (1-1—2) scored with 1:01 left in overtime to lift the Oilers over the Sharks in head coach Todd McLellan’s first game against his former team.

* McLellan, who became the 14th head coach in Oilers history on May 19, spent the past seven seasons in San Jose, where he compiled a 311-163-66 record and led the Sharks to six playoff appearances, four 40-plus win seasons, three division titles and one Presidents’ Trophy (2008-09).
* The Oilers picked up their season-high fourth consecutive victory overall and fifth straight win at Rexall Place, their longest such run since Feb. 4 – March 2, 2008 (7-0-0).
* Hall recorded his 20th career game-winning goal and fifth in overtime (all w/ EDM). Via Elias, Hall’s five overtime goals are tied for second place in Oilers history (w/ Ryan Smyth) and are just two behind franchise leader Jari Kurri (7).
* Hall, who has scored in each of his past three outings (3-2—5), paces the team and shares sixth in the NHL with 12-18—30 this season (29 GP).

BENNETT POWERS PENGUINS IN ROAD TRIP FINALE

The Penguins scored three unanswered goals in the third period, including a pair by Beau Bennett, to overcome a 2-1 deficit and finish their four-game road trip with a 2-2-0 record.

* Bennett (2-0—2) registered his first career multi-goal performance (118 GP). He also set a career high with his fifth goal of the season (5-5—10 in 22 GP).
* Patric Hornqvist (1-1—2) and Olli Maatta (0-2—2) added multi-point games. Hornqvist picked up his 28th career game-winning goal and third in 24 meetings with the Avalanche (both others in 2009-10 w/ NSH).
* The Penguins improved to 8-2-0 in their last 10 meetings with the Avalanche dating to Dec. 3, 2009 (COL: 2-5-3).

SEDINS (AGAIN) TEAM UP TO LEAD CANUCKS

The Rangers evened the game on a penalty shot midway through the third period, but Daniel Sedin (1-1—2) scored 30 seconds later to lead the Canucks to their second consecutive win on the heels of a five-game losing streak (0-3-2).

* D. Sedin added to his franchise record with his 75th career game-winning goal. He also moved into fourth place in the NHL with 13-20—33 this season (30 GP).
* Henrik Sedin collected 0-2—2 for his fifth multi-point performance of the season. He places ninth in the League with 9-20—29 overall (30 GP).
* D. Sedin and H. Sedin have recorded 10-14—24 and 7-16—23, respectively, in 19 games since Nov. 1 – that ranks second and third among all players in that span.

MILESTONES & BENCHMARKS

* Bruins forward Patrice Bergeron (214-361—576) registered his 576th career point (all w/ BOS) to move past Milt Schmidt (229-346—575) and into sole possession of 11th place on the franchise’s all-time points list.
* Canucks forward Jannik Hansen played in his 500th NHL game.

LOOSE PUCKS

Avalanche forward Matt Duchene scored his 15th goal of the season to move into a share of fourth place in the NHL. He has scored a League-high 14 of those goals in 19 games since Nov. 1 (14-10—24) after registering just one goal in his first 10 outings (1-1—2) . . . Sharks defenseman Justin Braun snapped a 67-game drought with his first goal since Dec. 6, 2014 at CGY . . . Defenseman Dan Boyle became the first Rangers player to convert a penalty shot since Jan. 26, 2014, when forward Derek Stepan beat Devils goaltender Cory Schneider in the 2014 Coors Light NHL Stadium Series at Yankee Stadium. Overall, shooters improved to 6-for-26 (23.1%) on penalty shots this season . . . Oilers goaltender Anders Nilsson made 25 saves to extend his personal winning streak to four games. He owns a 9-7-1 record in 17 appearances this season (2.51 GAA, .921 SV%) . . . ICYMI: Sportsnet and RDS announced their broadcast schedules for Road to the NHL Winter Classic, a four-part series chronicling the Bruins and Canadiens as they prepare to face off in the 2016 Bridgestone NHL Winter Classic. The series premieres next Wednesday, Dec. 16.

SNEAK PEEK AT THURSDAY’S ACTION

All Times Eastern
Montreal @ Detroit, 7:30 p.m., CITYM, RDS, FS-D
Ottawa @ Tampa Bay, 7:30 p.m., TSN5, RDS2, SUN
Washington @ Florida, 7:30 p.m., CSN-DC, FS-F
Philadelphia @ St. Louis, 8:00 p.m., CSN-PH, FS-MW
Chicago @ Nashville, 8:00 p.m., CSN-CH, FS-TN
Columbus @ Winnipeg, 8:00 p.m., FS-O, TSN3
Buffalo @ Calgary, 9:00 p.m., SN360, MSG-B

STREAKING TEAMS LOOK TO STAY HOT, CLIMB STANDINGS

A pair of streaking teams look to extend their runs when drop the puck on Thursday. The Red Wings – who have points in 11 straight overall (7-0-4) and eight in a row at Joe Louis Arena (5-0-3) – face an Original Six rival in the Canadiens, while the Capitals – who have points in eight straight overall (7-0-1) and 14 in a row vs. FLA (12-0-2) – visit the Panthers. Both clubs are vying to catch Montreal (19-7-3, 41 points) atop the Eastern Conference; Washington (19-5-2) ranks second in the conference with 40 points, while Detroit (15-8-5) places fifth with 35 points.

Vancouver Rallies In Final Period To Defeat New York 2-1

Posted on December 9, 2015 by CanucksBanter

CANUCKS BANTER By Andrew Chernoff December 9, 2015

CANUCKS PUSH BACK,

SEDINS CONTINUE TO DOMINATE

The Vancouver Canucks (11-11-8) started off well against the Rangers (18-8-3) with their first few shifts but once New York got into the game, the opening period became dominated by the Rangers in a scoreless period. New York out shot Vancouver 15-7, as they possessed the puck the majority of the time in the Canuck end.

Miller made great saves and the Canucks received a power penalty opportunity at 18:10 of the period when Ranger Ryan McDonaugh went off for holding Henrik Sedin. Hits were even as both team had 4 each, led by Brandon Prust with two hits. In the face-off circle, New York dominated, winning 11 of 17. Henrik Sedin was 3 for 6; Bo Horvat 2 for 5; Jared McCann, 1 for 4; Adam Cracknell, 0 for 2.

In the second period, Vancouver stepped up their game as the third and fourth lines took their game to the Rangers, but neither team could find the back of the net, and game was still scoreless after two periods.

Vancouver was much better at breaking out of their own end and gaining puck possession time in the Rangers end in the middle period.

Both teams were 0-2 with the man advantage. Jared McCann stopped sure goal with his left skate near the right goal post of the Canuck net late in the period.

Rangers out shot Vancouver 8-7. Hits were 5-5 each.

In the face-off circle, Vancouver won10 of 17. After two periods, Henrik Sedin was 6 for 10; Bo Horvat, 6 for 12; Jared McCann, 4 for 8; Adam Cracknell 0 for 4.

The final period was not anything like the first two, plenty of action and plenty of interesting calls, including a penalty shot.

It all started when Vancouver killed off their third short handed situation of the night. Dominic Moore was called for hooking Henrik Sedin at 1:32, putting Vancouver on their third power play of the night.

With time running out on the Vancouver man advantage, Jarret Stoll was called for delay of game at 2:57 when he covered up the puck with his hand, putting the Rangers down two players, and a 5-3 advantage for the Canucks.

Twenty-two seconds later, Vancouver scores with the two-man advantage, as Alex Edler (6) puts a wrist shot past Henrik Lundqvist at 3:19, assisted by Henrik Sedin (19 and Daniel Sedin (20).

The intensity between the Rangers and Canucks continued and so did the penalties. Rangers receive an unsportsmanlike penalty after the Canucks scored, with Chris Krieder serving the bench penalty, keeping Vancouver on the power play.

Forty seconds later, Ryan McDonaugh is sent to the penalty box for high sticking Alex Burrows at 3:59, adding more intrigue to the Canucks man advantage, now 5 on 3, for 80 seconds.

With Alex Burrows still upset at getting high sticked, he takes a penalty 44 seconds later.

Once it all settled down, both teams were back at full strength after the Burrows penalty was killed, and it looked like things would get back to playing hockey.

Wishful thinking.

At 8:54, New York was awarded a penalty shot when Chris Tanev covered up the puck in the Canucks goal crease. Dan Boyle took the shot for the Rangers, scoring to even up the game at 1-1. It was his first career penalty shot goal.

Response from Vancouver was quick and swift, as Vancouvers top line took to the ice and scored 30 seconds later to give the Canucks the lead, 2-1. Daniel Sedin (13), on a wrist shot, buried the puck past Lundqvist, assisted by Alex Edler (11) and Henrik Sedin (20) at 9:24.

There would not be anymore goals the rest of the game. Vancouver would kill one more penalty. And both teams would battle hard the rest of the way, but Vancouver would hang on.

Dan Hanhuis got hit in the face with a slap shot, and had to leave.

CANUCKS JOTTINGS

Ryan Miller recorded his 4rth win in his last 11 starts tonight, making 32 saves for a .970 SV%.
Vancouver’s penalty kill was 5 for 5 tonight, and did not allow a power play goal against on their 4 game home stand, going 12 for 12; and are 19 for 21 in their last 7 games.
The Canucks were 1 for 6 on the power play for the second straight game. They have 21 power play goals on 111 opportunities this season in 30 games; 11 power play goals in 53 opportunities at home in 14 games.
Alex Edler had 1 goal, on the power play; 1 assist; 6 shots; and 2 block shots.
Derek Dorsett and Radim Vrbata led Canuck forwards in shots with 3 each.
Canucks fourth line of Prust-Cracknell-Dorsett had 5 shots, 4 hits and 3 block shots.
Henrik Sedin had 2 goals and had a plus/minus of +1.
Daniel Sedin had 1 goal and 1 assist; had a plus/minus of +1; 2 shots and 1 block shot.
Chris Tanev had 3 block shots.
In the face-off circle: Henrik Sedin was 11 for 22: 50%; Bo Horvat, 8 for 16: 50%; Jared McCann, 5-9: 56%; Adam Cracknell, 2 for 6: 33%; Jannick Hansen, 0 for 1.
Canuck defenseman had 9 block shots; the forwards had 7 block shots.

NEXT GAME UP: AT CHICAGO BLACKHAWKS SUNDAY, DECEMBER 13, 2015

GAME REVIEW

CANUCKS AT A GLANCE

CANUCKS PLAYER STATS

Statistics courtesy of the NHl and the Vancouver Canucks, with thanks.

Editorial Cartoon: December 9, 2015

Posted on December 9, 2015 by CanucksBanter

Oil, stock markets slide after IEA predicts even lower crude prices

Posted on December 9, 2015 by CanucksBanter

Oil and markets continued to slide on Wednesday after the head of the International Energy Agency predicted a decline in crude prices and weaker oil investment in 2016.

Oil is at its lowest level since early 2009, with the West Texas Intermediate contract falling below $37 US a barrel today before recovering to $37.11 in mid-afternoon.

Brent oil for international delivery was down 21 cents to $40.

Fatih Birol, executive director of the Paris-based IEA, said oil prices could fall in 2016.

“When we look at 2016, I don’t see many reasons why we can see upward pressure on the prices… Demand is weaker and we may well see Iran come back [to the market] and there will be a lot of oil,” Birol said from the sidelines of the COP21 climate conference in Paris

The IEA monitors demand and supply of energy worldwide. He said falling oil prices could affect many oil-consuming countries’ resolve to switch away from fossil fuels.

Oil investment down 20%

Birol said that IEA estimates indicated that investment in the oil industry fell by more by 20 per cent in 2015 – the steepest decline in history. A further decline is seen in 2016.

The Canadian oilpatch has been hoping for higher prices, because much Canadian production is not economically viable at current price levels.

However, OPEC’s decision to leave output at current levels makes it less likely that the worldwide oversupply of oil will ease.

The Canadian dollar came down with the price of crude, falling to below 73.50 cents US in the morning before bouncing higher to 73.61.

Markets were down in Asia and Europe overnight after most commodities continued to fall in price because of fresh signs that the Chinese economy is slowing. Chinese exports fell by 6.5 per cent last month.

The TSX, which has fallen with energy stocks, was down six points to 12,916, its lowest level in two years.

New York’s Dow index fell 98 points to 17,467, while the broader S&P index was down four points to 2,043.

Source: Oil, stock markets slide after IEA predicts even lower crude prices – Business – CBC News

Andrew Phillip Chernoff

The Outer Limits To The Inner Depths

Dow Sheds 300 to End Week

NHL MORNING SKATE – DEC. 10, 2015

Vancouver Rallies In Final Period To Defeat New York 2-1

CANUCKS PUSH BACK,

SEDINS CONTINUE TO DOMINATE

CANUCKS JOTTINGS

GAME REVIEW

CANUCKS AT A GLANCE

CANUCKS PLAYER STATS

Editorial Cartoon: December 9, 2015

Oil, stock markets slide after IEA predicts even lower crude prices

Oil investment down 20%