The 7 stories PR pros need to know on Thursday morning, 1.28.2016

What to watch during a Trump-less debate; Takata CEO to exit; Facebook earnings blow roof off; Why the Kanye-Wiz beef is a good thing for Twitter; More scrutiny of Wounded Warrior Project.

Image via Fox News' Facebook page
Image via Fox News' Facebook page

Looking for something to watch tonight?
The Donald Trump-less Republican debate on Fox News gets underway at 9 pm, while the GOP frontrunner holds a fundraiser for veterans concurrently. (Media coverage of the dueling events should be fascinating). Here’s what to watch at the debate, per New York and Politico.

And this afternoon…
Microsoft is set to reveal its fiscal second quarter earnings after the markets close, and the results should be closely tied to the performance of its cloud and Office 365 products. The company also put out a statement on Wednesday reiterating that its products were not to blame when Surface tablets crashed on the New England Patriots’ sideline during the first half of the AFC Championship on Sunday. The NFL backed up Microsoft’s claims.

New this morning: Takata finally plans CEO transition
After a recall crisis stretching back two years, auto-products maker Takata is planning to show its CEO the door. More than 50 million cars have been linked to faulty airbags made by the company. Sources told Reuters that Takata will tell automakers about the transition on Friday.

Bush’s big spending in the spotlight
With his campaign mired in the single digits, Jeb Bush is taking criticism for lavish events and stays at top-tier hotels, while rivals such as Ted Cruz have opted for the Holiday Inn. Bush’s campaign says its spending is normal for a national presidential campaign.

Late Wednesday roundup: More scrutiny of Wounded Warrior Project
The New York Times sent out a breaking news email on Wednesday afternoon touting its story on the Wounded Warrior Project’s spending of donations, following CBS News’ piece from a day earlier. The group’s leadership says its business model is consistent with how private-sector organizations operate and build their brands.

Facebook’s earnings wow investors
The social network’s fourth quarter earnings handily beat even the rosiest estimates on Wednesday afternoon, with sales up 57% from a year earlier to $5.6 billion. Quartz looks at how it’s built a $13 billion mobile advertising business in the past four years.

What the Kanye-Wiz beef means…for Twitter
Numerous think pieces have been written in the past day explaining the lengthy and often not safe for work Twitter feud between rappers Kanye West and Wiz Khalifa — and ultimately Amber Rose — on Wednesday. Mashable argues the exchange is a good sign for Twitter, showing its relevance after months of leadership tumult and falling share prices. 

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