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Thursday, February 10, 2022

Rising inflation: What will new report mean for you?

The Labor Department releases key inflation report, Team USA shines in Beijing and more news to start your Thursday. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

Daily Briefing
 
Thursday, February 10
A road sign reading Inflation Ahead.
Rising inflation: What will new report mean for you?
The Labor Department releases key inflation report, Team USA shines in Beijing and more news to start your Thursday.

Good morning, Daily Briefing readers!  Economists are expecting a Labor Department report out this morning to show that inflation rose to a four-decade high. And the gold medals have been rolling in for Americans at the Beijing Olympics. Go Team USA! 

It's Steve and Jane, with Thursday's news.

🚔 Arrest warrants have been issued for two Dallas Police Department officers who shot civilians during Black Lives Matter protests in May 2020.

⚖️ The House select committee investigating events surrounding the Jan. 6 insurrection at the U.S. Capitol subpoenaed former Trump White House trade adviser Peter Navarro.

🏅Team USA getting the gold: Quad-jumping maestro Nathan Chen dazzled and Chloe Kim made history as a double halfpipe winner. Tap here for live Olympic updates

Chloe Kim won the gold medal in women's snowboard halfpipe — and made history in the process
Chloe Kim won the gold medal in women's snowboard halfpipe — and made history in the process
USA TODAY

🚚  A protest at a major border crossing by Canadian truckers critical of pandemic vaccine mandates could head to a fourth day. For the latest COVID-19 updates, tap here

🎤 "There is no other": Funk pioneer Betty Davis has died. She was 77.

Betty Davis poses for a portrait in 1976. Funk singer Betty Davis, ex-wife of jazz musician Miles Davis, has died at 77 years old. Davis died early Wednesday, Feb 9, 2022 in her hometown of Homestead, Pennsylvania, according to a press release. No cause of death has been given.
Betty Davis poses for a portrait in 1976. Funk singer Betty Davis, ex-wife of jazz musician Miles Davis, has died at 77 years old. Davis died early Wednesday, Feb 9, 2022 in her hometown of Homestead, Pennsylvania, according to a press release. No cause of death has been given.
Fin Costello, Redferns

🔴 The family of Bob Saget says that the comedian died of "head trauma" a month ago in his Florida hotel room.

💰 "Paper is the IRS's Kryptonite": The IRS has a brutal backlog of unfinished tax returns from last year, triggering more anxiety for many tax filers.

👖 "This is my 56-year-old body": Brooke Shields posed topless in a Jordache jean ad campaign, reprising her role as a model for a denim campaign when she was 15.

🎧 On today's 5 Things podcast, books editor Barbara VanDenburgh discusses book banning. You can listen to the podcast every day on  Apple PodcastsSpotify, or on your smart speaker.

Here's what's happening today:

Financial world awaits key report on inflation

Wall Street will be watching closely Thursday as the Labor Department releases its report on inflation for January . Economists are forecasting the report to show inflation rose to a four-decade high of 7.3%, the Associated Press reported. If prices continue their upward surge, it could increase pressure on the Federal Reserve to speed up its plans to raise interest rates in order to fight inflation. But if the Fed is forced to raise rates too quickly, it could cause a recession, which in turn could result in higher unemployment. Economists expect overall inflation to ease in coming months as gasoline and other energy prices continue to pull back. But core inflation – which excludes food and energy – is expected to drift higher before edging down. 

Team USA shines early Thursday at the Winter Olympics in Beijing

Thursday has already been an action-packed day at the 2022 Winter Olympics in Beijing. Team USA superstars Chloe Kim and Nathan Chen won gold medals in impressive fashion: Kim, 21, became the first woman in Olympic history to win more than one halfpipe snowboarding gold medal. And Chen, who has been the world's most dominant male figure skater for nearly four years, became the seventh American to win the men's individual competition. Meanwhile, a cloud hangs over the Russian team as the medal ceremony for the Olympic figure skating team competition was delayed by a positive drug test among the gold medal-winners. Kamila Valieva , the 15-year-old superstar who was expected to win the gold medal in women's figure skating, practiced as usual Thursday, hours after reports that she tested positive for a banned substance. Fans will also get chances Thursday to see a series of ice hockey games, curling matches and two men's snowboard finals, the halfpipe and the snowboard cross.

Nathan Chen capped off a spectacular showing at the Beijing Olympics with a gold medal.
Nathan Chen capped off a spectacular showing at the Beijing Olympics with a gold medal.
USA TODAY

🍔 "I'm starving": Chloe Kim worked up quite an appetite winning Olympic gold in the halfpipe.

📱Get texts from us from Beijing: Go behind the scenes with updates from our reporters.

Just for subscribers:

🚌 "She looks like a baby": Untold numbers of kids under 10 are arrested at school each year, a USA TODAY investigation shows.

🔴 Our Olympic athletes are having a mental health crisis. What are we doing about it besides watching?

😇  Super Bowl blessing: A new home for a mom in L.A. marks the 200th time former NFL star Warrick Dunn has helped a single parent.

🏥 An "open wound": How nurses of color are fighting the rampant racism plaguing their field.

👑 What's the difference between queen and "Queen Consort?" Duchess Camilla's future title, explained.

These articles are for USA TODAY subscribers. You can sign up here. Here is all of our subscriber content.

German chancellor to meet Baltic leaders before traveling to Russia, Ukraine

German Chancellor Olaf Scholz is due to receive on Thursday the leaders of Lithuania, Latvia and Estonia , the three Baltic states that specifically feel the heat from Moscow, before traveling to Ukraine and Russia next week. It comes as Germany, which has led a NATO battlegroup in Lithuania for the past five years, will reportedly send up to 350 more troops there, reinforcing its presence on NATO's eastern flank. Elsewhere, a few dozen elite U.S. troops and equipment were seen landing Sunday in Poland near the border with Ukraine, following Biden's orders to deploy 1,700 soldiers there amid fears of a Russian invasion of Ukraine.  

'Cheer' star Jerry Harris expected to plead guilty in child pornography case

Jerry Harris, once a star of the Netflix series "Cheer," is expected to plead guilty Thursday in a federal child pornography case alleging he solicited sex from minors at cheerleading competitions, court records in Chicago show. A change of plea hearing was scheduled for Thursday, according to the records. But it was not clear Wednesday which charges Harris planned to plead guilty to or whether he had reached a plea deal with prosecutors. The actor was indicted in December 2020 on charges alleging misconduct in Illinois, Florida and Texas. Federal prosecutors also alleged that Harris tried to persuade a minor to engage in oral sex at cheerleading events, solicited another for sex and admitted to having five to 10 victims in all. USA TODAY broke the story about Harris being accused in September 2020. 

ONE TIME USE 9/8/2020 NEW YORK, NEW YORK - JANUARY 29: Jerry Harris attends the Build Series to discuss "Cheer" at Build Studio on January 29, 2020 in New York City. (Photo by Jim Spellman/Getty Images)
Jerry Harris in January 2020
Jim Spellman, Getty Images

ICYMI: Some of our top stories yesterday

🏛 White House denounces Florida's "Don't Say Gay" bill as "hateful" after Gov. Ron DeSantis backs it.

 🔴 Mitch McConnell criticized the RNC for censuring Reps. Liz Cheney and Adam Kinzinger, and for suggesting that the Jan. 6 insurrection was "legitimate political discourse."

✒️ Opinion: Is this the beginning of the end for Trumpism or the Republican Party?

📺 Former "Jeopardy!" contestant Amy Schneider is changing career plans after becoming the quiz show's second all-time winner.

"Jeopardy!" champion Amy Schneider
"Jeopardy!" champion Amy Schneider
Sony Pictures Television photo via AP; USA TODAY Life graphic

NBA trade deadline: Will a blockbuster James Harden trade happen?

With Thursday's 3 p.m. ET NBA trade deadline approaching, much of the attention is focused on whether the Nets and 76ers will make a trade that sends Ben Simmons to Brooklyn and James Harden south to Philadelphia. As one plugged-in agent told USA TODAY Sports, half the league believes a Harden-for-Simmons deal will happen and half believes there's no chance. Other teams around the league could be primed to make moves, too, with many wondering whether the Los Angeles Lakers can strike a deal to bolster the roster around LeBron James and Anthony Davis. Conversely, the Washington Wizards could be looking to offload key players amid the loss of star Bradley Beal to season-ending wrist surgery and a rough stretch that has seen them go just 2-8 in their last 10 games. 

🏀 NBA trade tracker: Breaking down all the deals leading up to the 3 p.m. ET deadline.

🏀 Grading the deal: The New Orleans Pelicans made a splash by acquiring C.J. McCollum in a trade with the Portland Trail Blazers.

📸 Photo of the day: Sabonis suits up for his new team 📸

Feb. 9: New Kings center Domantas Sabonis controls the ball on the post during his Sacramento debut after being acquired in a trade.
Feb. 9: New Kings center Domantas Sabonis controls the ball on the post during his Sacramento debut after being acquired in a trade.
Kelley L. Cox, USA TODAY Sports

Domantas Sabonis scored 22 points and added 14 rebounds in his Kings debut after a big trade from Indiana and Sacramento pulled away late to beat the Minnesota Timberwolves 132-119 on Wednesday night.

"It's been a crazy 36 hours since we found out," said Sabonis, who wasn't cleared to play until about an hour before tipoff. "I feel like this is a fresh start for me. It's going to be exciting. I want to be here. The fans were amazing tonight. Today was a great day."

Head here to see more of the best photos from the 2021-22 NBA season. 

Contributing: The Associated Press

 
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