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FBC Varney Company July 13, 2024

The market, this is called a rally. Investors want that mini china deal and now it looks like they may get it. Stocks are going straight up. Look at this. The dow up about 1 , 250 points. The s p up about 1 , 27 points. The nasdaq, up better than 1 , up 78. That is a rally. We are also covering this. Violence and intimidation outside the trump rally in minneapolis last night. Oh, it was ugly. The trump haters attacked the police and Trump Supporters. Senator tim scott said people across the coun...
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FBC Varney Company July 13, 2024

Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres n...
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FBC Varney Company July 13, 2024

Phase one trade deal, there will still be challenges between the United States and china, even after that trade deal is complete. Maria mr. Secretary, we thank you for your time today. Of course, we are always giving you best wishes on your trip. Thank you so much. So long. Maria secretary of state mike pompeo. Over to stuart varney. Stuart good morning, mr. Secretary. Good morning, maria. Good morning, everyone. The debate. All right. My opinion. No clearcut winner, but senator warren emerged a...
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FBC Varney Company July 13, 2024

Dark about those allimportant trade talks with china. Top level negotiations start now. Where are they going, we dont know. But we can tell you that apple has removed an app which had been used to track the movement of Police Forces in hong kong. We can tell you that nba events in china have been disrupted because chinas bullying american basketball teams. And we can tell you that after being dropped in china for supporting hong kong protesters, south park has fired back with an obscenity. We ca...
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FBC Varney Company July 13, 2024

Thats likely to be down about. 33 . Lets see how they close. Lets get to hong kong because today, we see chinas clout. The general manager for the Houston Rockets, basketball team, tweeted support for hong kong. Beijing immediately objected very strongly. The tweet was immediately withdrawn. Lots of criticism for the nba this morning. They caved to the communists, to preserve basketballs appeal in china. Hong kong itself, im going to say its virtually shut down as violent protests returned over ...
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FBC Varney Company July 14, 2024

A variety of issues. Remember that when you see the speech. After the speech, President Trump will meet with britains Boris Johnson. Now, that meeting should be about a big trade deal. However, earlier today, Britains High Court ruled that the Prime Ministers suspension of parliament was illegal. That complicates an october 31st brexit, and you cant have a trade deal til the brits are out. Meanwhile, democrats are racheting up their calls for impeachment. This time its about that call to ukraine...
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FBC Varney Company July 13, 2024

Maybe 50 odd points today. Its a down day, at least at the opening bell. Caution, tomorrow we get the big report on the Service Sector and friday, the big jobs report. If either confirms the manufacturing slowdown, im going to say watch out below. And this, too, may be a negative for stocks. The hong kong shooting tuesday night, an 18yearold High School Student goes down. It is urban warfare. No other name for it. More protests are planned for right now. Dont ignore this. The National Day Milita...
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FBC Varney Company July 13, 2024

Million to 30 million tons. Next case, the federal reserve, jay powell says hes going to grow the Balance Sheet but dont call it qe4. Okay. I will put it into english. Interest rates are coming down. China trade and Interest Rates, thats why the market will go up at the opening bell. The dow lost 300 yesterday, likely to go up maybe 200 at the open this morning. The s p, the nasdaq, very solid gains this morning as well. Look, theres a lot coming at you throughout todays program. A jury awards 8...
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FBC Varney Company July 14, 2024

They blame higher costs, they blame amazon for the competition in shipping, and of course, they are blaming china and the tra war, blaming the Global Economy as a whole. We have a huge show for you. Look at this lineup. Senator roger wicker will be grilling social Media Companies on the hill next hour but we have him first. Sarah Huckabee Sanders on that fiery Cory Lewandowski hearing. Martha maccallum on Elizabeth Warren getting grilled by Stephen Colbert. And tom brady and Dennis Rodman are on...
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FBC Varney Company July 14, 2024

Heres another headline from asia. North korea says u. S. Authorities will hold talks on their Nuclear Program on saturday. We dont know who represents america. The state department confirms, however, that the talks will take place. Politics. Real trouble for joe biden. Hes becoming a casualty of Speaker Pelosis impeachment drive. Fox has obtained this picture showing the former Vice President with his son hunter and on the far left, devin archer, who was also a director of the Ukrainian Gas Comp...
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