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FBC Varney Company July 11, 2024

Impact of stayathome and lockdown orders. Will america accept drastic changes in the way this years holidays are celebrated . We are going to get into it. The situation has brought stimulus spending back into the spotlight. President trump has stepped away from the discussion, leaving leader mcconnell and speaker peloo w tkhing thi thi ou we believeveve the ty ayyti s dee tit t tirusirir andhehe sll a b highhigh. Lst ss acks ilnow 30 yestyeday,yeda wdal ounacaybe be 0 ts mog. In s s up. Aq isdor...
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FBC Varney Company July 13, 2024

Going to prosecute. The governor calls these businesses selfish. President trump goes to pennsylvania on thursday and later on this program, we will have numbers from businesses in states that have allowed a partial reopening and ill tell you now, business is good. Moments from now, we have Shelly Luther with us. Shes the salon owner who went to jail for opening early, an American Hero on this program today. One hour from now, dr. Anthony fauci begins his virtual testimony before congress. Repor...
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FBC Varney Company July 13, 2024

Discussing just that, an early return to work. 9 40 eastern time today on this program. There is outrage at Speaker Pelosi loading up the stimulus package with a host of items unrelated to supporting workers and industries. For example, canceling post office debt, the return of obama phones, same day voter registration, 35 million for the Kennedy Center for performing arts. What has all that got to do with getting money to people who have just lost their jobs, millions of workers thrown out of a...
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FBC Varney Company July 13, 2024

The economy, pretty much at a dead stop until may, maybe longer. The market is looking to the other side of the virus problem and surely welcomes more financial help. However, stocks are ending the worst month since 2008 and the dow will open lower this morning, off maybe 140 points. Similar story for the s p and for the nasdaq. A down opening bell today. The price of oil, well, that remains at depression levels. This morning we are in the low 20 per barrel and the average price of gasoline, you...
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FBC Varney Company July 13, 2024

Gain of about 170 points, after the biggest oneday gain since 1933. That was yesterday. Today might be a different story. At the moment we are looking at a gain of 166 for the dow, a drop for the nasdaq, maybe down 34 points, and the s p down about 11. Mixed picture this morning as investors try to get to grips with this new package and what it means for the economy. Also influencing the market, the president s statement that he would love and he used the word three times, he would love to get t...
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FBC Varney Company July 13, 2024

Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that...
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FBC Varney Company July 13, 2024

Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today...
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FBC Varney Company July 14, 2024

There. Then we have Climate Change, oh, it will be front and center later today, alexandria ocasiocortez and Bernie Sanders will introduce a resolution declaring a Climate Emergency, they demand a large scale mobilization to restore the climate for future generations. No details yet and we dont know how different this will be from the original Green New Deal, but its sure to be a radical plan which will move the democrats even further to the left, and it will put Climate Policy right into the de...
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FBC Varney Company October 6, 2017

The federal government report that is in september the economy lost 33,000 jobs, thats a very unusual job decline, but september was hurricane month, the huge economies of texas and florida slowed because of harvey and irma. Interesting to knows 015,000 jobs of eating and drinking establishments were lost in that month, no surprise. Here is where we stand. Apart from the hurricane events, both manufacturing and Service Sectors of the economy are humming along, business and Consumer Confidence re...
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