European Economics Preview: UK Consumer Price Data Due
Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics is slated to issue UK consumer and producer prices for January. Inflation is expected to remain unchanged at 0.6 percent.
UK output prices are seen falling 0.4 percent annually, while input prices to rise 0.6 percent in January.
In the meantime, the European Automobile Manufacturers’ Association is scheduled to release new car registrations data for January.
At 4.00 am ET, corporate wage data is due from Poland. Economists forecast corporate sector wages to rise 5.1 percent on year in January, slower than the 6.6 percent increase seen in December.
At 5.00 am ET, Eurostat releases euro area construction output for December. Output had increased 1.4 percent annually in November.
Michael Cohen: Donald Trump Should Look Into Getting A ‘Custom-Made Jumpsuit’
Michael Cohen said Monday that his former client, ex-President Donald Trump, should start preparing himself for life behind bars.
“He should start maybe speaking to someone about getting a custom-made jumpsuit, because it does not look good for him, that’s my prediction,” Cohen, Trump’s former fixer and personal attorney, told MSNBC’s Katy Tur.
Cohen’s sartorial-themed quip came in response to the U.S. Supreme Court’s ruling allowing the release of Trump’s financial records to a grand jury convened by Manhattan District Attorney Cyrus Vance.
Watch the interview here:
Vance is investigating Trump’s business affairs.
Tur asked her other guest, former U.S. Attorney Joyce Vance, if Trump could eventually end up being — as Cohen had implied ― “hauled off” to prison.
“I think it’s always risky to crystal ball too far into a criminal prosecution, but Cy Vance has sent some signals that this is a serious investigation,” Vance said.
Cohen, now one of Trump’s harshest critics, is under house arrest serving the final months of a three-year prison sentence. In 2018, he pleaded guilty to crimes, including lying to Congress during the Russia investigation and campaign finance violations.
LinkedIn said it's investigating issues that appear to be affecting users in North America
- LinkedIn is currently experiencing issues.
- The company says it is investigating reports of problems.
- Outages appear to be clustered in US cities.
- Visit the Business section of Insider for more stories.
LinkedIn users are reporting outages on the career networking website.
According to LinkedIn’s status page, the company is investigating the issue. “We are currently experiencing an issue across the platform that may cause some API requests to take longer or fail unexpectedly. We are investigating the issue and working on a resolution,” the page reads.
“We know some members are experiencing an issue with accessing LinkedIn on mobile and desktop. We’re working on this as we speak and will provide updates as we have them” LinkedIn told Insider in an email.
Down Detector, a website that monitors outages on various sites, shows a huge spike in problem reports in the last hour. Down Detector’s map shows outages clustered in cities around North America, and commenters are reporting issues in Europe as well.
Two-Year Note Auction Attracts Below Average Demand
The Treasury Department kicked off this week’s series of announcements of the results of its long-term securities auctions on Tuesday, revealing its sale of $60 billion worth of two-year notes attracted below average demand.
The two-year note auction drew a high yield of 0.119 percent and a bid-to-cover ratio of 2.44.
Last month, the Treasury also sold $60 billion worth of two-year notes, drawing a high yield of 0.125 percent and a bid-to-cover ratio of 2.67.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous two-year note auctions had an average bid-to-cover ratio of 2.60.
Looking ahead, the Treasury is due to announce the results of its auction of $61 billion worth of five-year notes on Wednesday and the results of its auction of $62 billion worth of seven-year notes on Thursday.
COVID-19: Jo Whiley’s sister thanks people for support during coronavirus ‘nightmare’
Jo Whiley says her sister Frances “would like to say a huge thank you” to everybody who has helped her after she contracted coronavirus.
The broadcaster revealed last week that her sibling, who has learning disabilities and diabetes, was admitted to hospital with COVID-19 after an outbreak in her Northamptonshire care home.
Whiley says her family has now gone from “discussing palliative care” for her sister to “sitting on her favourite bench drinking cups of tea”.
SAG-AFTRA Calls On Members To Take Part In Wages & Working Conditions Meetings To Develop Proposals For New Network Code Contract
SAG-AFTRA is calling on members to participate in wages & working conditions meetings to help develop the union’s proposals for its upcoming negotiations for a new Network Code, a contract that covers a wide range of non-primetime programs aired on the Big Four broadcast networks including soap operas, game shows, talk shows and quiz shows, as well as sports and variety shows.
The contract – formally known as the SAG-AFTRA National Code of Fair Practice for Network Television Broadcasting – expires June 30, and the wages & working conditions meetings will be held across the country via Zoom between March 1- 26.
“Members who work this contract are invited to participate in these important discussions,” the union said. “Join your fellow members to discuss issues you’d like to see addressed in the upcoming Network Code negotiations. Your participation is vital.”
The Network Code is one of the union’s smaller contracts, accounting for little more than 6% of members’ earnings, but it will be the first to be negotiated since the SAG-AFTRA Health Plan raised eligibility requirements on January 1 to prevent running out of reserves by 2024. Increased employer contributions to the Health Plan is expected to be a major element of the upcoming negotiations.