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 to be higher inflation. How many is a candy bar in zimba
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
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 children cannot conceive of while the black community, their co
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 the global marketplace. It is back in whack now, because were exporting more product than we have in 15 years.
Mistake by not pursuing impeachment. The growing number of democrats calling for impeachment approaches critical mass. Plus this is a trade war. America just fired another shot, and you are about to pay. The latest example of why the trump economy is worse than it may look. And new reporting on real world implications of what the president is incyting. This dark psychic force of the collectivized hatred that this president is bringing up in this country. All in starts right now. Good evening from new york. Im chris hayes. We have now gone through two of these rounds of debates. The first time the big moment was between senator Kamala Harris and former Vice President joe biden where the frontrunner struggled to respond to Kamala Harris criticism of his past opposition to federally mandated School Integration through bussing. That was the big takedown moment, and it showed up in the polling. It definitely hurt bidens standing. You can see a bit of a dip in bidens polling after the first