Stephanies photo bombing. Lets start with the bulletin. The top business stories of this tuesday morning. Morgan stanley posted fourthquarter earnings that missed estimates. A drop in revenue from fixed income trading. They take in about half as much from bond trading as it did in 2006. Delta is flying high on lower fuel costs and rising demand. The Airline Posted better than expected earnings for the Fourth Quarter. Oil prices fell 40 during that. The gains will be limited because of expensive youll hedging contracts. The International Monetary fund has made the biggest cut to its growth outlet outlook. The World Economy will grow 3. 5 this year. That is down from a 3. 8 prediction. Many economies and many emerging markets are revising their prospects now. They are decreasing investment today. We think this is stronger than the price of oil. The exception is the United States. The fund upgraded the forecast for u. S. Growth to 3. 6 . Box office flops may lead to 350 jobs cuts at dream
Shows factory activity contracted in december. Indonesian rescuers believe theyve found the missing airasia jet after detecting a large object under the java sea. This as the first victims bodies are recovered. Well, welcome to the show. Lets update you on markets. Most markets closing at mid day in europe. Were going to end on lower gains. The euro stoxx 50 up 0. 234 . Yesterday was a risk off day with the stoxx 600 as a whole declining. Today, a little bit of gains. The ftse 100 up 0. 2 . France off 0. 5 and italy in the green. Germany is closed, as i mentioned earlier. Bonds have been of interest this week. Bonds buying following that greek vote earlier in the week leading to a bit of risk off sentiment. That included the u. S. , which started the week around 2. 25 is going to end the weekend and the yooir year just below the 2. 2 handle. The uk french yield at 0. 82 . Of interest yesterday, not only the german bond yield touching 0. 0 55 , a record low, but the italian and spanish
Hit 52. 70 on wti. The ten year continues to slide below 2. 18 this morning. Our road map begins with oil. 5 1 2 year lows. More details from the planned shake shack ipo. Why the strongest growth may not be where you think. The latest caseshiller report. Youll see it flashing at the bottom of the screen. Well speak with Robert Shiller about what he thinks 2015 will bring to housing. You can see futures are off premarket. Crude continuing to fall. It all began with that selloff midday yesterday. Albeit on light volume. Unbelievable whats happened to crude. You thought some of the worst was over. It clearly isnt. Russias gdp down in november for the first time in five years. Its beginning to have more and more spillover effects. The ruble is up today. Thats something positive. Almost down 8 yesterday. Down 44 for the year of 2014. Its been a brutal year for russia. The u. S. Is where its at and continues to be. 53rd record close . Heading for a third year of gains for the s p 500. Double
The orion and sls the vanguard of the program are the key to advancing these interests. I look forward to hearing from mr. Gerstenmaier and ms. Chaplain about the challenges and opportunities facing these important programs. I now recognize the Ranking Member from maryland. Its been a good morning to the witnesses. I want to join the chair man in congratulating nasa, lockheed, United Launch Alliance and the Contractor Team on conducting the exploration test of the orion capsule last week and i think that it was exciting and i know that around the country and around the world there were many of us working on Solution Division for the first time in a long time at the u. S. Space program that is very forwardlooking. They are below the orbits to test and verify the design can reduce technical risk and recover ability operations. Mr. Chairman, i belief that this Shows Americans the tangible progress is in fact being made on returning humans to exploration beyond earths neighborhood in the g
Once they get into the system they are happy with the service. Can you speak to the article that is just coming out today and whether or not you would be willing to do an oped piece because i think its important that veterans are not we are definitely headed in the right direction. Yes maam. I actually met with the comptroller general and we were talking about whether or not he should put va on the highrisk list. I encouraged him to and the reason i did that as we are a Health Care System and we are going through a large amount of change right now. During that time and the Organization Goes through a large amount of change we need to make sure that we have the appropriate oversight, the leadership as well as those responsible for it so while i think the va system is absolutely essential to american medicine we trained 70 of u. S. Doctors. We have developed innovations that are critical for american medicine, the first liver transplant, the first implantable pacemaker, nicotine patch an