Stay updated with breaking news from Detroit chamber. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
What higher for longer means with Interest Rates. We had conversations yesterday that to me were troubling and i started to think about things. It was transitory. The supply chain part. Transitory. There is maybe an underlining rate of inflation that is higher and it is harder to deal with and it has to deal with crude. It reminds me now it is supposedly not like the volcker era. Wages and unions and workers demanding more. The wage price spiral that picks up and higher wages. Thats what the fed is watching. We paused and only to restart. It was not putting a stake in the heart of it in the first place. A little bit stays and it comes back and you do higher. Stop again. It was the stop and start of the 70s which is what happened. Is that happening again . If you look at inflation in other parts of the globe, it is higher. The uk is operating at 6 . They dobnt have the dollar. That bugs me. 3 . South america averaging 30 . It used t ....
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. T ....
With them wholly dependent on our market to survive, they do not even have a supplier diversity program. They do not have a Mission Statement on the website, much less a corporate practice to use black suppliers, distributors, and vendors. They donate to some black groups , like the urban league, but they do not do business with us. They are partying with us. And those parties do not do anything for our community. Money, thered of should be tennessee hot dogs in harlem. They should have funded the new florida memorial. I should be teaching at it. [applause] seriously, though. 68 of the revenues . There should be dozens of hennessy black distributors and significant advertising in blackowned media. And i crazy saying that . Unreasonable, am i a radical racist now, because that is what they call me. I am asking too much. Is that a waste of time on saturday morning . I hope not. Tennessees nonminority owners , living lies our chil ....
Electric, we have seen a lot of orders, up over a dollar. On the other hand, microsoft is adding not only down 11 but also adding because it is accounted for 29 negative dow points. They have had a buildup in the surface tablet, but they have been doing restructuring that could help them Going Forward according too many analysts. Lori really a drag on the dow. Talking commodities, Oil Struggling for gains but crude hit a major milestone. Phil flynn joins us from the cme. We have been watching them cross today. What is the significance in this . Speak of is the day many traders never thought they would see. Those who did not have a lot of faith in the u. S. Oil industry. While in the future would be in europe, rent crude, forget about wti. Nobody is forgetting about wti anymore. Now that it is above, it is because of the u. S. Shale production. U. S. Oil price out of whack with ....