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Input: Consider Input: Moore  said analysts have been ratcheting up their earnings forecasts based on what companies said during earnings season. The expectation is that earnings growth this year could now be 19 percent. Sixty percent of S&P 500 companies provided guidance that exceeded expectations.
BlackRock monitors earnings revisions  which can be a key indicator for the market  and the percent of positive revisions is at a record pace. They are now running at a rate of two upgrades for every downgrade  or a ratio of 2. That ratio has averaged 0.8 based in the data which goes back to 1988   Moore  said.
"What happened to the U.S. on the back of tax cuts and fiscal stimulus is something we've never observed "  she  said. All regions are showing improvements in positive earnings revisions but nothing like the U.S. Europe also has solid earnings momentum but it lags the U.S.  and higher revisions in Japan are "noisy."
 She  added: "While we are really making this constructive call on the U.S.  in the next three to six months we do recognize the pace of upgrades and the pace of earnings growth will likely slow. We will have to watch very closely...We are on a rocket ship at the moment."
But  Moore  said the landing does not have to be messy. "It can take off with a bang. I don't know if ends with a bang. Rockets can come down and land gracefully  if they're well engineered "  she  said.
"This is a very different cycle  at a time when fundamentals are already solid " said  Moore . "We will have to be very vigilant and try to stay focused not just on what happens to earnings but as to what happens with inflation pressures  and the impact that could have on margins. The big risk is inflationary pressure eroding margins."
 Moore  said  her  favorite sectors are technology and financials. Technology should gain from increased spending by corporations  benefiting from tax law changes.  She  said the other boosts to the market from tax law changes should be more corporate buybacks and acquisitions.

Output: BlackRock is a lot more bullish on US stocks after tax cuts


Input: Consider Input: His  once-promising political career in shambles   Minnesota Sen. Al Franken  appeared on the verge of resigning after fellow Democrats led by female senators abandoned  him  Wednesday over the mounting allegations of sexual misconduct that are roiling Capitol Hill.
Gillibrand was the first to call for  Franken 's resignation on Wednesday  but a torrent of Democrats quickly followed.
"I'm shocked and appalled by Sen. Franken's behavior " said Sen. Patty Murray of Washington state. "It's clear to me that this has been a deeply harmful  persistent problem and a clear pattern over a long period of time. It's time for  him  to step aside."
Though the writing appeared to be on the wall   Franken 's departure was not certain. A tweet posted Wednesday evening on  Franken 's Twitter account said: "Senator Franken is talking with his family at this time and plans to make an announcement in D.C. tomorrow. Any reports of a final decision are inaccurate."
Schumer called  Franken  immediately after the latest allegation â and before the torrent of demands for  Franken 's resignation from Democrats â and told  him   he  needed to resign  said a Democrat familiar with the events. Schumer met later in his apartment with  Franken  and Franken's wife  Franni  and repeated that message  and  he  did the same in additional talks with the senator throughout the day  said the Democrat  who spoke to The Associated Press on condition of anonymity to describe private conversations.
Democratic National Committee Chairman Tom Perez weighed in  too  asking  Franken  to resign and saying  "Sexual misconduct  harassment and assault have no place in the Democratic Party  the United States Congress  the White House or anywhere."
The resignation demands came in rapid succession even though  Franken  on Wednesday vehemently denied the new accusation that came from a former Democratic congressional aide  who said  he  tried to forcibly kiss her after a taping of  his  radio show in 2006.
The woman  who was not identified  told Politico that  Franken  pursued her after her boss had left and she was collecting her belongings. She said that she ducked to avoid his lips and that  Franken  told her: "It's my right as an entertainer."
 Franken  already faced a Senate Ethics Committee investigation into previous claims by several other women that  he  groped them or sought to forcibly kiss them.
The allegations began in mid-November when Leeann Tweeden  now a Los Angeles radio anchor  accused  him  of forcibly kissing her during a 2006 USO tour in Afghanistan.
Other allegations followed  including a woman who says  Franken  put  his  hand on her buttocks as they posed for a photo at the Minnesota State Fair in 2010. Two women told the Huffington Post that  Franken  squeezed their buttocks at political events during  his  first campaign for the Senate in 2008. A fourth woman  an Army veteran  alleged  Franken  cupped her breast during a photo on a USO tour in 2003.
 Franken  has apologized for  his  behavior but has also disputed some of the allegations.
 Franken  was first elected to the Senate in 2008  defeating Republican Norm Coleman in a bitter recount that took seven months.  Franken  won that race despite attacks over bawdy humor and writings dating back to  his  days on NBC's "Saturday Night Live " including a proposed skit joking about rape.

Output: Franken 's support fades in Senate as Democrats expect resignation


Input: Consider Input: The Philippine National Police (PNP) identified the hostage taker as former Police Senior Inspector Rolando Mendoza. Mendoza was dismissed from service for extortion and forcing a chef to swallow  "shabu."
 Two police officers  Superintendent Orlando Yebra Jr. and Chief Inspector Romeo Salvador  have started negotiations with Mendoza.
 Mendoza is demanding authorities to clear his name and be reinstated to the service.
 MPD spokesman Police Chief Inspector Erwin Margarejo said in a press briefing that the use of force against the hostage taker will be a last resort. He added that Mendoza's demand for reinstatement will be studied and will undergo undue process.
 Philippine President Benigno Aquino III has appealed to Mendoza to "honor and respect" the lives of hostages. The government is hoping that tourists will view it as an "isolated incident" and that "it does not reflect real situation of the country."
 Mendoza was carrying an M-16 rifle when he abducted the bus  with plate number TUU 799  Monday morning. The abduction was held near Rizal Park  a major tourist site in Manila.


Output: 8th LD Writethru: 9th passenger released from tourist bus hijacked in Manila