Well, this isn't a single effect per se. The graphic will have been built up from scratch, although this isn't really too difficult. Basically, it's a few solid layers coloured white, red and blue that have been animated to whoosh on at different speeds. It looks like ramp effects have been added to give variation in colour intensity (see e.g. the reporter's name, which is light blue on top and dark blue on the bottom).
The trickiest part is the rotating globe, but even that isn't very difficult to replicate. You just need a map of the Earth (Google Earth textures) which you add the CC Sphere effect to. Make it smaller, animate the rotation, and you're away.
You can then fiddle with it until it's prettified. Adding a lens flare, changing the color of the elements as they fade in, and so forth.