European Economics Preview: Germany ZEW Economic Confidence Data Due

Economic confidence from Germany is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, GDP from Norway and current account from Turkey are due. Norway GDP is forecast to expand 0.5 percent on quarter, following a 0.3 percent rise in the second quarter.

At 2.30 am ET, the Bank of France is set to issue business confidence survey data. The business sentiment index is seen at 97 in October versus 96 in September.

At 4.30 am ET, the Office for National Statistics releases UK unemployment data. The ILO jobless rate is seen unchanged at 3.9 percent in three months to September.

UK average earnings including bonus are expected to rise 3.8 percent from previous year.

At 5.00 am ET, Germany’s ZEW economic confidence survey results are due. The economic sentiment index is forecast to rise to -13.0 in November from -22.8 in October.

U.S. Treasury to sell $95 bln in 4-, 8-week bills

Nov 12 (Reuters) – For details of the U.S. Treasury’s auction of 4-week and 8-week bills on Thursday, see:

4-week bills:

here

8-week bills:

here (Reporting By Karen Brettell)

McDonald’s workers sue to address ‘systemic problem’ of sexual harassment

McDonald’s workers are filing a lawsuit seeking to force the fast-food chain to confront a “systemic problem” of sexual harassment, spokespeople for the workers said in a press statement on Tuesday.

A copy of the proposed class-action complaint was not immediately available. McDonald’s did not immediately respond to a request for comment.

McDonald’s has long been a target of employees’ rights advocates, including Fight for $15, which pushes for higher minimum wages and better treatment for workers in fast food, retail, child care, home health aid and other businesses.

According to the spokespeople, McDonald’s workers have filed more than 50 complaints in the last three years alleging a variety of illegal conduct in corporate-owned and franchised McDonald’s restaurants.

Workers pursuing the lawsuit are backed by the American Civil Liberties Union and the Time’s Up Legal Defense Fund, the spokespeople said.

Stowaway: Who was the man who fell from the sky?

On today’s podcast our Africa correspondent John Sparks talks about his three-month investigation to uncover the identity of a man whose body fell from a Kenya Airways plane over London in the summer.

:: Listen to the Daily podcast on Apple Podcasts, Google Podcasts, Spotify, Spreaker

Dow’s nearly 75-point climb highlighted by gains for shares of Merck, Walt Disney

The Dow Jones Industrial Average is trading up Tuesday morning with shares of Merck and Walt Disney leading the way for the price-weighted average. Shares of Merck MRK, +1.61% and Walt Disney DIS, +1.80% are contributing to the blue-chip gauge’s intraday rally, as the Dow DJIA, +0.22% is trading 73 points (0.3%) higher. Merck’s shares have climbed $1.26, or 1.5%, while those of Walt Disney are up $2.05 (1.5%), combining for a roughly 22-point bump for the Dow. Other components contributing significantly to the gain include 3M MMM, +1.08%, Cisco CSCO, +1.15%, and Nike NKE, +0.56%. A $1 move in any one of the 30 components of the index equates to a 6.78-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

Paper company Verso’s stock soars 20% after news of sale of Maine, Wisc. mills for $400 million

Verso Corp. shares vrso soared 20% Tuesday, after the paper and packaging company said it is selling its Androscoggin mill, located in Jay, Maine, and its Stevens Point mill, located in Stevens Point, Wisconsin, to Pixelle Specialty Solutions LLC for $400 million. The deal, which must be approved by shareholders at a special meeting, is expected to close in the first quarter of 2020, the company said in a statement. The company is expecting to net cash proceeds of $336 million and will return most of that to its shareholders via a stock buyback, dividend or modified Dutch tender offer. The company also said it has named Adam St. John its chief executive officer, replacing interim CEO Les Lederer. St. John was senior vice president of manufacturing for all Verso mills. Shares have fallen 20% in 2019, while the S&P 500 SPX, +0.46% has gained 23%.

Officials: Google search for schools include explicit images

Google cannot be trusted with personal data: Andrew Napolitano

Fox News senior judicial analyst discusses a report suggesting Google is collecting health data on millions of Americans.

RALEIGH, N.C. (AP) — Officials in a North Carolina school system had to warn parents not to use Google to search for two schools because the results included explicit images.

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The News & Observer of Raleigh reports searches for Four Oaks Middle School and South Johnston High School over the weekend returned an “explicit image” in the top results. The newspaper described the image as “graphic and overtly sexual.”

GOOGLE GATHERING AND USING HEALTH DATA FROM MILLIONS: REPORT

A search of the two websites on Monday showed the offending images appear to have been removed.

Johnston County Schools said it was working with the schools, law enforcement and Google to get the images taken down, and asked faculty and staff to help remove the image by reporting it as inappropriate to Google.

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