Fox Business Contributor and Finance Guru Liz Peek Talks Stock Market, the Fed, Inflation, and Future Outlooks

Thursday morning on The Tennessee Star Report, host Leahy welcomed Fox contributor and finance Wall Street expert Liz Peek to the newsmakers line to weigh in on the economic outlook for America.

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Big Tech Companies Apple and Amazon Warn of Worsening Supply Chain Crisis

A ship arriving at the Hamburg harbor.

On Thursday, two of the biggest tech companies in the world posted earnings that fell below market expectations, attributed to the ongoing supply chain crisis that is paralyzing the American economy, according to CNN.

For the third quarter of 2021, Amazon’s net sales amounted to around $110.8 billion, which was a 15 percent increase from the previous year; however, this ultimately fell below market analyst predictions of about $111.6 billion. Amazon’s overall net income for the same period decreased from the same period in 2020 to about $3.2 billion, when predictions estimated around $4.6 billion.

Apple’s sales during the same quarter were $83.4 billion, with iPhone sales at $38.9 billion; both were lower than original projections.

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Michigan’s New Diversity and Inclusion Director Receives $130,800 Salary

Rané Garcia

The Michigan Department of Education (MDE) is paying Rané Garcia $130,801 per year for a new position to lead the agency’s diversity, equity, and inclusion (DEI) initiative.

MDE reported Garcia’s salary in response to a Freedom of Information Act request by The Center Square.

in her new position, Garcia “will be responsible for developing and supporting internal and external efforts and strategies that foster greater fairness and inclusion in the state’s public schools.”

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Hawley Cites ‘Culture War’ in Proposal for Monthly Payments to Families with Children

Josh Hawley

Rising Republican star U.S. Rep. Josh Hawley, R-Mo., is sponsoring a new measure that would give unprecedented tax cuts to parents with children, and now he is saying his bill is on the front line of the nation’s “culture war.”

The plan in question would give a fully refundable tax credit of $12,000 for married parents and $6,000 for single parents who have children under the age of 13.

“Starting a family and raising children should not be a privilege only reserved for the wealthy,” Hawley said. “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences. American families should be supported, no matter how they choose to care for their kids.”

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