European Economics Preview: UK Labor Market Data Due
The labor market statistics from the UK and final consumer prices from euro area are due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK labor market data for December. The jobless rate is forecast to rise to 5.1 percent in three months to December from 5 percent in three months to November.
At 3.00 am ET, producer prices from the Czech Republic and consumer prices from Austria are due. Economists expect Czech producer prices to fall 0.6 percent annually in January.
At 4.00 am ET, Italy’s Istat releases industrial production and new orders data for December.
In the meantime, unemployment data is due from Poland. The jobless rate is seen at 6.5 percent in January versus 6.2 percent in December.
At 5.00 am ET, Eurostat publishes euro area final consumer prices for January. Inflation is expected to match the flash estimate of 0.9 percent.
At 6.00 am ET, the Confederation of British Industry publishes Distributive Trades survey results for February. The retail sales balance is forecast to advance to -38 percent from -50 percent in January.
EARNINGS SUMMARY: Details of Intrepid Potash Q4 Earnings Report
Below are the earnings highlights for Intrepid Potash (IPI):
-Earnings: $0.71 million in Q4 vs. $2.08 million in the same period last year.
-EPS: -$0.05 in Q4 vs. $0.16 in the same period last year.
-Revenue: $27.56 million in Q4 vs. $25.56 million in the same period last year.
EARNINGS SUMMARY: Details of Mercadolibre Inc. Q4 Earnings Report
Below are the earnings highlights for Mercadolibre Inc. (MELI):
-Earnings: -$50.58 million in Q4 vs. -$54.00 million in the same period last year.
-EPS: -$1.02 in Q4 vs. -$1.11 in the same period last year.
-Analysts projected $0.05 per share
-Revenue: $1.33 billion in Q4 vs. $0.67 billion in the same period last year.
Hawks fire Lloyd Pierce as head coach, now the focus will be on who they hire next
The Atlanta Hawks fired Coach Lloyd Pierce on Monday after a disappointing 14-20 start.
The Hawks were 63-120 in Pierce’s two-plus seasons.
“We would like to thank Lloyd for his work and commitment to not only the Hawks organization but the city of Atlanta. He and his wife, Melissa, are tremendous people who have made a positive impact throughout the city,” Hawks president of basketball operations and general manager Travis Schlenk said in a statement. “We have high expectations for our team on the court and we believe by making this change now that we can have a strong second half of the season.”
Atlanta started 10-9 but has lost 11 of its past 15 games.
Brooklyn’s ‘Moonstruck’ townhouse is for sale
Film aficionados have the chance to buy a piece of cinema history — but they might be dumbstruck by the price.
The 1829 Brooklyn Heights townhouse prominently in the classic 1987 Cher and Nicholas Cage rom-com “Moonstruck” is now on the market for $12.85 million.
The Castorini family home at 19 Cranberry St. was last sold for the relatively modest price of $4 million in 2008 by architect and neighborhood historical leader Edward Rullman and his wife Francesca.
The listing touts overhauled infrastructure both inside and out of the home, making it turn-key ready.
The “30-window, light-filled, 4-story, 5+ bedroom, 3.5 bath townhouse has been impeccably renovated with restored original charm and exquisite attention to detail, resulting in comfortable and stately opulence,” according to the listing.
The comedy, which won three Academy Awards, was also filmed at nearby Cammareri Bros bakery on Court Street in Carroll Gardens, which has since merged with Monteleone Bakery.
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Sarepta Therapeutics Q4 adjusted earnings Miss Estimates
Below are the earnings highlights for Sarepta Therapeutics (SRPT):
-Earnings: -$189.32 million in Q4 vs. -$235.70 million in the same period last year.
-EPS: -$2.40 in Q4 vs. -$3.16 in the same period last year.
-Excluding items, Sarepta Therapeutics reported adjusted earnings of -$145.10 million or -$1.84 per share for the period.
-Analysts projected -$1.77 per share
-Revenue: $145.14 million in Q4 vs. $100.11 million in the same period last year.
Opinion: Trevor Bauer happy with Dodgers, and Mets happy without Bauer
PHOENIX — Trevor Bauer stood behind the mound for several moments Monday afternoon, stepped on the pitcher’s rubber, kicked the dirt with his left foot, and at 1:06 Mountain Time, threw his first pitch as a member of the Los Angeles Dodgers at Camelback Ranch.
One hour later, he was showing up to his press conference bringing his own video camera and microphone, wearing a T-shirt that read, “My hobby is getting better.’’
And proceeded to say he’s in the prime of his career, vowing to remain one of the elite pitchers in all of baseball, and proving to everyone that his 2020 National League Cy Young award in baseball’s shortened season was no fluke.
It was a typical day in the life of Bauer. Earlier New York Mets president Sandy Alderson said that the Mets may be better off that Bauer chose the Dodgers over the Mets, with the Dodgers countering in the afternoon that they’re grateful they spent $102 million on him.